Pushpull
ActiveSummary
Pushpull has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€60,559) and a net result of -€17,524. Equity is shrinking by ~59.8% per year across the filed fiscal years. Its solvency ranks better than 9% of 17179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability66▼-1
Solvency18▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.16 against 0.11 in 2024; short-term debt: 37.8% and cash: 0.2% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer 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
-6.9%
Return on assets
-2%
Age of the figures
12 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€60,559
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
4 d early
2023
1 d early
2022
3 d early
2021
33 d early
2020
1 d early
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 6 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2025, micro schema
Equity
-€60,559▼ 40.7%
2024 · -€43,035
Total assets
€876,952▼ 5.3%
2024 · €925,555
Net result
-€17,524▼ 64.4%
2024 · -€10,656
Working capital
-€277,804▼ 2.8%
2024 · -€270,224
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€36,005-€12,800-€13,985▼ 9.3%€832-€6,597
Net result€18,079within the sector's middle half-€25,692below the sector's middle half-€25,169below the sector's middle half▲ 2.0%-€10,656below the sector's middle half▲ 57.7%-€17,524below the sector's middle half▼ 64.4%
Equity€18,482below the sector's middle half▲ 4,489%-€7,210below the sector's middle half-€32,379below the sector's middle half▼ 349%-€43,035below the sector's middle half▼ 32.9%-€60,559below the sector's middle half▼ 40.7%
Total assets€888,052above the sector's middle half▲ 1.8%€1.0mabove the sector's middle half▲ 16.8%€965,889above the sector's middle half▼ 6.8%€925,555above the sector's middle half▼ 4.2%€876,952above the sector's middle half▼ 5.3%
Debt€869,570▼ 0.3%€1.0m▲ 20.1%€998,269▼ 4.4%€968,590▼ 3.0%€937,511▼ 3.2%
Working capital-€58,138▼ 39.3%-€214,298▼ 269%-€248,763▼ 16.1%-€270,224▼ 8.6%-€277,804▼ 2.8%
Solvency2.1%below the sector's middle half▲ 2.0pp-0.7%below the sector's middle half▼ 2.8pp-3.4%below the sector's middle half▼ 2.7pp-4.6%below the sector's middle half▼ 1.3pp-6.9%below the sector's middle half▼ 2.3pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, 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 turns negative in 2025: a loss of €6,597 after €832 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €876,952
Fixed assets
€823,596 ▼ 7.5%
Current assets
€53,356 ▲ 53.1%
Key figures and ratios
EBITDA
€72,792▼
2024 · €76,397
Cash flow
€61,865▼
2024 · €64,909
Current ratio
0.16▲
2024 · 0.11
Debt to equity
-15.48▲
2024 · -22.51
ROA
-2.0%▼
2024 · -1.2%
Interest coverage
6.71▼
2024 · 6.74
Debt ≤ 1 year
€331,160▲
2024 · €305,072
Debt > 1 year
€606,351▼
2024 · €663,518
Income taxes
€162▼
2024 · €172
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,217 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- negative equity
- a small loss
1.2%
went bankrupt
2.6%
stopped otherwise
96%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 1,217 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 | - | - | - | €2,013 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €49,635 | €57,593 | €68,684 | €75,565 | €79,389 | ▲ 5.1% |
| Other operating charges640/8 | - | €5,597 | €6,276 | €6,565 | €10,930 | ▲ 66.5% |
| Non-recurring operating charges66A | - | - | - | €248 | - | - |
| Gross operating margin9900 | €91,651 | €50,390 | €60,976 | €83,210 | €83,722 | ▲ 0.6% |
| Operating profit (loss)9901 | €36,005 | -€12,800 | -€13,985 | €832 | -€6,597 | ▼ 893% |
| Financial income75/76B | - | €143 | €90 | €15 | €85 | ▲ 469% |
| Recurring financial income75 | €0 | €143 | €90 | €15 | €85 | ▲ 469% |
| Financial charges65/66B | - | €12,494 | €11,391 | €11,331 | €10,850 | ▼ 4.2% |
| Recurring financial charges65 | €12,646 | €12,494 | €11,391 | €11,331 | €10,850 | ▼ 4.2% |
| Profit (loss) for the period before taxes9903 | €23,358 | -€25,151 | -€25,285 | -€10,484 | -€17,362 | ▼ 65.6% |
| Income taxes67/77 | €5,279 | €540 | -€116 | €172 | €162 | ▼ 5.6% |
| Profit (loss) for the period9904 | €18,079 | -€25,692 | -€25,169 | -€10,656 | -€17,524 | ▼ 64.4% |
| Profit (loss) for the period to be appropriated9905 | €18,079 | -€25,692 | -€25,169 | -€10,656 | -€17,524 | ▼ 64.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €888,052 | €1.0m | €965,889 | €925,555 | €876,952 | ▼ 5.3% |
| Fixed assets21/28 | €846,650 | €934,979 | €911,059 | €890,707 | €823,596 | ▼ 7.5% |
| Tangible fixed assets22/27 | €846,650 | €934,979 | €911,059 | €890,707 | €823,596 | ▼ 7.5% |
| Land and buildings22 | - | €920,413 | €894,223 | €834,048 | €779,245 | ▼ 6.6% |
| Plant, machinery and equipment23 | - | €10,575 | €14,045 | €14,846 | €11,170 | ▼ 24.8% |
| Furniture and vehicles24 | - | €3,991 | €2,791 | €18,450 | €15,348 | ▼ 16.8% |
| Other tangible fixed assets26 | - | - | - | €23,364 | €17,833 | ▼ 23.7% |
| Current assets29/58 | €41,402 | €101,906 | €54,830 | €34,847 | €53,356 | ▲ 53.1% |
| Amounts receivable within one year40/41 | €30,160 | €93,295 | €23,991 | €25,453 | €49,502 | ▲ 94.5% |
| Trade receivables40 | - | €83,722 | €23,834 | €24,056 | €49,059 | ▲ 104% |
| Other amounts receivable41 | - | €9,573 | €157 | €1,397 | €443 | ▼ 68.3% |
| Cash at bank and in hand54/58 | €6,444 | €3,019 | €4,530 | €2,982 | €1,464 | ▼ 50.9% |
| Deferred charges and accrued income490/1 | - | €5,592 | €26,310 | €6,412 | €2,389 | ▼ 62.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €888,052 | €1.0m | €965,889 | €925,555 | €876,952 | ▼ 5.3% |
| Equity10/15 | €18,482 | -€7,210 | -€32,379 | -€43,035 | -€60,559 | ▼ 40.7% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €10,422 | -€15,270 | -€40,439 | -€51,095 | -€68,619 | ▼ 34.3% |
| Amounts payable17/49 | €869,570 | €1.0m | €998,269 | €968,590 | €937,511 | ▼ 3.2% |
| Amounts payable after more than one year17 | €770,030 | €727,891 | €684,676 | €663,518 | €606,351 | ▼ 8.6% |
| Financial debts170/4 | - | €727,891 | €684,676 | €663,518 | €606,351 | ▼ 8.6% |
| Amounts payable within one year42/48 | €99,541 | €316,204 | €303,593 | €305,072 | €331,160 | ▲ 8.6% |
| Current portion of amounts payable after more than one year42 | - | €43,293 | €43,948 | €44,846 | €51,653 | ▲ 15.2% |
| Financial debts43 | - | €5,851 | - | - | - | - |
| Credit institutions430/8 | - | €5,851 | - | - | - | - |
| Trade debts44 | €4,861 | €67,806 | €4,760 | €4,375 | €5,761 | ▲ 31.7% |
| Suppliers440/4 | - | €67,806 | €4,760 | €4,375 | €5,761 | ▲ 31.7% |
| Taxes, remuneration and social security45 | - | €9,632 | €4,704 | €2,315 | €13,687 | ▲ 491% |
| Taxes450/3 | - | €9,632 | €4,704 | €665 | €12,037 | ▲ 1,710% |
| Remuneration and social security454/9 | - | - | - | €1,650 | €1,650 | = |
| Other amounts payable47/48 | - | €189,622 | €250,181 | €253,536 | €260,060 | ▲ 2.6% |
| Accrued charges and deferred income492/3 | - | - | €10,000 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,079 | -€25,692 | -€25,169 | -€10,656 | -€17,524 | ▼ 64.4% |
| + Depreciation and write-downs630 | €49,635 | €57,593 | €68,684 | €75,565 | €79,389 | ▲ 5.1% |
| Operating cash flow (approximation) | €67,714 | €31,902 | €43,515 | €64,909 | €61,865 | ▼ 4.7% |
| Investment in fixed assets (approximation) | - | -€145,923 | -€44,764 | -€55,214 | -€12,278 | ▲ 77.8% |
| Change in cash | - | -€3,425 | €1,511 | -€1,548 | -€1,518 | ▲ 1.9% |
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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet -€25,692
Net result drops to -€25,692, the lowest in the series; recovery starts the following year.
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €18,079
Net result €18,079 after 3 loss-making years.
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lokeren · 1 establishment unit since 2014
Ground area
1,871 m²
Building footprint
138 m²
Volume, LiDAR
764 m³
Parcel 46384C0679/00S000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Pushpull
since 20142.237.993.797
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46384C0679/00S000 | Flanders | 1,871 m² | 1 · 138 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 848 EUR awarded · 848 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 848 EUR | 848 EUR |
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Of 3,214 companies in sector 62900 we hold annual accounts for 1,743. 1,102 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-12-2014
Fiscal year end30-09
Activities, NACEBEL 2025
62900Other information technology and computer services
62100Computer programming
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0506694742
Registered
28-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.