PURSUIT
ActiveSummary
The computed 12-month bankruptcy probability of PURSUIT is 2.3% (moderate). The 2025 annual accounts show negative equity (-€62,724) and a net result of €39,321. Equity is growing by ~19.6% per year across the filed fiscal years. Its solvency ranks better than 14% of 11547 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability93▲+21
Solvency0=
Growth58=
Track record94
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.5 against 1.25 in 2024; short-term debt: 53.7% and cash: 23.5% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-31.1%
Return on assets
19.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 11547 sector peers (2025).
NBB · sector comparisonPosition among 11547 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
17 d early
2024
29 d early
2023
39 d early
2022
18 d late
2021
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 14 July (4 of the last 5 filed years within 35 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€62,724▲ 38.5%
2024 · -€102,044
Total assets
€201,412▲ 23.8%
2024 · €162,656
Net result
€39,321▲ 108%
2024 · €18,891
Working capital
€53,997▲ 145%
2024 · €22,067
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€28,158--€110,563▼ 293%€31,666€27,631▼ 12.7%€46,973▲ 70.0%
Net result-€30,552below the sector's middle half--€113,874below the sector's middle half▼ 273%€23,391within the sector's middle half€18,891within the sector's middle half▼ 19.2%€39,321above the sector's middle half▲ 108%
Equity-€30,552below the sector's middle half--€144,427below the sector's middle half▼ 373%-€120,936below the sector's middle half▲ 16.3%-€102,044below the sector's middle half▲ 15.6%-€62,724below the sector's middle half▲ 38.5%
Total assets€177,562within the sector's middle half-€158,853within the sector's middle half▼ 10.5%€153,771within the sector's middle half▼ 3.2%€162,656within the sector's middle half▲ 5.8%€201,412within the sector's middle half▲ 23.8%
Debt€208,114-€303,279▲ 45.7%€274,707▼ 9.4%€264,700▼ 3.6%€264,135▼ 0.2%
Working capital€122,263above the sector's middle half-€83,408within the sector's middle half▼ 31.8%€12,235within the sector's middle half▼ 85.3%€22,067within the sector's middle half▲ 80.4%€53,997within the sector's middle half▲ 145%
Solvency-17.2%below the sector's middle half--90.9%below the sector's middle half▼ 73.7pp-78.6%below the sector's middle half▲ 12.3pp-62.7%below the sector's middle half▲ 15.9pp-31.1%below the sector's middle half▲ 31.6pp
Current ratio4.50above the sector's middle half-2.57within the sector's middle half▼ 1.941.16within the sector's middle half▼ 1.411.25within the sector's middle half▲ 0.091.50within the sector's middle half▲ 0.25
Return on assets (ROA)-17.2%below the sector's middle half--71.7%below the sector's middle half▼ 54.5pp15.2%above the sector's middle half▲ 86.9pp11.6%within the sector's middle half▼ 3.6pp19.5%above the sector's middle half▲ 7.9pp
Staff (FTE)2.9
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 70% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €201,412
Fixed assets
€39,279 ▼ 24.3%
Current assets
€162,133 ▲ 46.4%
Equity and liabilities
Equity-€62,724
Debt€264,135
Equity is negative: debt (€264,135) exceeds the balance-sheet total (€201,412).
Key figures and ratios
EBITDA
€61,922▲
2024 · €41,983
Cash flow
€54,269▲
2024 · €33,244
Quick ratio
1.25▲
2024 · 1.03
Interest coverage
7.09▲
2024 · 4.64
Debt ≤ 1 year
€108,136▲
2024 · €88,700
Debt > 1 year
€156,000▼
2024 · €176,000
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,180 companies that looked in July 2024 the way this one looks now, 4.8% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.8%
went bankrupt
5.8%
stopped otherwise
89%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,180 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €174 | - |
| Remuneration, social security and pensions62 | - | €67,428 | €50,158 | €33 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,131 | €6,878 | €8,401 | €14,352 | €14,948 | ▲ 4.2% |
| Other operating charges640/8 | €1,991 | €1,601 | €3,261 | €4,017 | €1,955 | ▼ 51.3% |
| Non-recurring operating charges66A | - | - | - | €4,820 | €384 | ▼ 92.0% |
| Gross operating margin9900 | -€25,036 | -€34,656 | €93,487 | €50,854 | €64,261 | ▲ 26.4% |
| Operating profit (loss)9901 | -€28,158 | -€110,563 | €31,666 | €27,631 | €46,973 | ▲ 70.0% |
| Financial income75/76B | €20 | €14 | €574 | €305 | €1,079 | ▲ 254% |
| Recurring financial income75 | €20 | €14 | €574 | €305 | €1,079 | ▲ 254% |
| Financial charges65/66B | €2,414 | €3,325 | €8,849 | €9,045 | €8,731 | ▼ 3.5% |
| Recurring financial charges65 | €2,414 | €3,325 | €8,849 | €9,045 | €8,731 | ▼ 3.5% |
| Profit (loss) for the period before taxes9903 | -€30,552 | -€113,874 | €23,391 | €18,891 | €39,321 | ▲ 108% |
| Profit (loss) for the period9904 | -€30,552 | -€113,874 | €23,391 | €18,891 | €39,321 | ▲ 108% |
| Profit (loss) for the period to be appropriated9905 | -€30,552 | -€113,874 | €23,391 | €18,891 | €39,321 | ▲ 108% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €177,562 | €158,853 | €153,771 | €162,656 | €201,412 | ▲ 23.8% |
| Fixed assets21/28 | €20,402 | €22,170 | €62,830 | €51,889 | €39,279 | ▼ 24.3% |
| Intangible fixed assets21 | - | - | €45,000 | €36,000 | €27,000 | ▼ 25.0% |
| Tangible fixed assets22/27 | €15,202 | €14,570 | €10,230 | €8,289 | €9,129 | ▲ 10.1% |
| Plant, machinery and equipment23 | €4,216 | €5,141 | €3,612 | €1,790 | €0 | ▼ 100.0% |
| Furniture and vehicles24 | €10,985 | €9,429 | €6,618 | €4,949 | €3,402 | ▼ 31.3% |
| Other tangible fixed assets26 | - | - | - | €1,550 | €5,727 | ▲ 270% |
| Financial fixed assets28 | €5,200 | €7,600 | €7,600 | €7,600 | €3,150 | ▼ 58.6% |
| Current assets29/58 | €157,160 | €136,683 | €90,942 | €110,767 | €162,133 | ▲ 46.4% |
| Stocks and contracts in progress3 | €9,117 | €6,786 | €13,830 | €19,687 | €27,146 | ▲ 37.9% |
| Stocks30/36 | €9,117 | €6,786 | €13,830 | €19,687 | €27,146 | ▲ 37.9% |
| Amounts receivable within one year40/41 | €4,688 | €22,983 | €16,811 | €33,410 | €51,549 | ▲ 54.3% |
| Trade receivables40 | €4,294 | €22,424 | €16,359 | €33,410 | €50,974 | ▲ 52.6% |
| Other amounts receivable41 | €394 | €559 | €452 | - | €575 | - |
| Current investments50/53 | - | €14,964 | - | - | - | - |
| Cash at bank and in hand54/58 | €141,984 | €91,950 | €54,860 | €46,165 | €47,383 | ▲ 2.6% |
| Deferred charges and accrued income490/1 | €1,370 | €0 | €5,440 | €11,506 | €36,056 | ▲ 213% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €177,562 | €158,853 | €153,771 | €162,656 | €201,412 | ▲ 23.8% |
| Equity10/15 | -€30,552 | -€144,427 | -€120,936 | -€102,044 | -€62,724 | ▲ 38.5% |
| Contributions10/11 | - | - | €100 | €100 | €100 | = |
| Profit (loss) carried forward14 | -€30,552 | -€144,427 | -€121,036 | -€102,144 | -€62,824 | ▲ 38.5% |
| Amounts payable17/49 | €208,114 | €303,279 | €274,707 | €264,700 | €264,135 | ▼ 0.2% |
| Amounts payable after more than one year17 | €173,217 | €242,804 | €196,000 | €176,000 | €156,000 | ▼ 11.4% |
| Financial debts170/4 | €173,217 | €242,804 | €196,000 | €176,000 | €156,000 | ▼ 11.4% |
| Amounts payable within one year42/48 | €34,897 | €53,276 | €78,707 | €88,700 | €108,136 | ▲ 21.9% |
| Current portion of amounts payable after more than one year42 | - | - | €21,399 | €20,000 | €20,000 | = |
| Financial debts43 | €260 | €383 | - | - | - | - |
| Credit institutions430/8 | €260 | €383 | - | - | - | - |
| Trade debts44 | €18,185 | €26,109 | €22,872 | €23,057 | €23,397 | ▲ 1.5% |
| Suppliers440/4 | €18,185 | €26,109 | €22,872 | €23,057 | €23,397 | ▲ 1.5% |
| Advances received on contracts in progress46 | - | - | €15,093 | €26,068 | €39,891 | ▲ 53.0% |
| Taxes, remuneration and social security45 | €10,256 | €19,650 | €14,666 | €16,939 | €24,847 | ▲ 46.7% |
| Taxes450/3 | €10,256 | €19,650 | €14,666 | €16,939 | €24,847 | ▲ 46.7% |
| Other amounts payable47/48 | €6,196 | €7,134 | €4,678 | €2,637 | - | - |
| Accrued charges and deferred income492/3 | - | €7,200 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€30,552 | -€113,874 | €23,391 | €18,891 | €39,321 | ▲ 108% |
| + Depreciation and write-downs630 | €1,131 | €6,878 | €8,401 | €14,352 | €14,948 | ▲ 4.2% |
| Operating cash flow (approximation) | -€29,421 | -€106,996 | €31,792 | €33,244 | €54,269 | ▲ 63.2% |
| Investment in fixed assets (approximation) | - | -€8,646 | -€49,061 | -€3,411 | -€2,338 | ▲ 31.5% |
| Change in cash | - | -€50,034 | -€37,090 | -€8,696 | €1,218 | ▲ 114% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €39,321 ▲108%
Operating result €46,973, net result €39,321, both a record.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €23,391
Net result €23,391 after 2 loss-making years.
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
31-12
Financial
Weakest financial yearnet -€113,874
Net result drops to -€113,874, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Essen · 2 establishment units since 2021
Ground area
3,389 m²
Building footprint
361 m²
Volume, LiDAR
4,743 m³
2 parcels, Flanders · tallest building 20.0 m, ±6 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
PURSUIT
since 20212.312.899.375
Sint-Michielstraat 21, 2000 Antwerpen
since 20212.316.242.808
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11642D0225/00C004 | Flanders | 3,176 m² | 1 · 145 m² | 15.7 m · 2 fl. |
| 11804D3476/00E002 | Flanders | 212 m² | 1 · 216 m² | 20.0 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 3,405 EUR awarded · 3,405 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 570 EUR | 570 EUR |
| 2024 | 1 | 1,260 EUR | 1,260 EUR |
| 2023 | 1 | 825 EUR | 825 EUR |
| 2022 | 1 | 750 EUR | 750 EUR |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,306 companies in this sector we hold annual accounts for 810. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded04-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
46423Wholesale of clothing, excluding workwear and underwear
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0762904307
Also
9925:BE0762904307
Registered
01-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.