PV-DESIGN
ActiveSummary
PV-DESIGN has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €51,856 and a net result of €10,684. Equity is growing by ~18.2% per year across the filed fiscal years. Its solvency ranks better than 65% of 9574 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+7
Solvency93▲+14
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 2.34 against 1.81 in 2024; short-term debt: 30.2% and cash: 45.7% of total assets), and 31.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
68.3%
Return on assets
14.1%
Age of the figures
9 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
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 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
50 d early
2023
43 d early
2022
41 d early
2021
22 d late
2020
17 d late
2019
20 d late
← 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 19 days before the deadline; the sector median for financial year 2024 is 8 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 19 June (4 of the last 5 filed years within 30 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
€51,856▲ 23.4%
2024 · €42,031
Total assets
€75,938▼ 1.9%
2024 · €77,375
Net result
€10,684▲ 72.7%
2024 · €6,187
Working capital
€30,789▲ 37.8%
2024 · €22,338
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 71, Architectural and engineering activities; technical testing and analysis, 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€13,217▼ 36.5%€22,303▲ 68.7%€34,603▲ 55.1%€10,331▼ 70.1%€16,478▲ 59.5%
Net result€9,251within the sector's middle half▼ 53.8%€15,234within the sector's middle half▲ 64.7%€24,637within the sector's middle half▲ 61.7%€6,187within the sector's middle half▼ 74.9%€10,684within the sector's middle half▲ 72.7%
Equity€27,151within the sector's middle half▼ 5.4%€38,886within the sector's middle half▲ 43.2%€36,703within the sector's middle half▼ 5.6%€42,031within the sector's middle half▲ 14.5%€51,856within the sector's middle half▲ 23.4%
Total assets€66,161below the sector's middle half▲ 15.5%€74,428within the sector's middle half▲ 12.5%€70,561within the sector's middle half▼ 5.2%€77,375within the sector's middle half▲ 9.7%€75,938within the sector's middle half▼ 1.9%
Debt€39,010▲ 36.5%€35,542▼ 8.9%€33,858▼ 4.7%€35,344▲ 4.4%€24,082▼ 31.9%
Working capital€12,162within the sector's middle half▼ 20.1%€21,912within the sector's middle half▲ 80.2%€21,497within the sector's middle half▼ 1.9%€22,338within the sector's middle half▲ 3.9%€30,789within the sector's middle half▲ 37.8%
Solvency41.0%within the sector's middle half▼ 9.1pp52.2%within the sector's middle half▲ 11.2pp52.0%within the sector's middle half▼ 0.2pp54.3%within the sector's middle half▲ 2.3pp68.3%within the sector's middle half▲ 14.0pp
Current ratio1.74within the sector's middle half▼ 0.092.02within the sector's middle half▲ 0.281.82within the sector's middle half▼ 0.201.81within the sector's middle half▼ 0.012.34within the sector's middle half▲ 0.54
Return on assets (ROA)14.0%within the sector's middle half▼ 21.0pp20.5%within the sector's middle half▲ 6.5pp34.9%above the sector's middle half▲ 14.4pp8.0%within the sector's middle half▼ 26.9pp14.1%within the sector's middle half▲ 6.1pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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 60% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €75,938
Fixed assets
€22,242 ▼ 18.6%
Current assets
€53,696 ▲ 7.3%
Equity and liabilities €75,938
Equity
€51,856 ▲ 23.4%
Debt
€24,082 ▼ 31.9%
Debt's share of the balance-sheet total falls from 45.7% to 31.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€28,581▲
2024 · €20,770
Cash flow
€22,787▲
2024 · €16,626
Quick ratio
2.00▲
2024 · 1.45
Debt to equity
0.46▼
2024 · 0.84
ROE
20.6%▲
2024 · 14.7%
Interest coverage
29.65▲
2024 · 23.18
Debt ≤ 1 year
€22,907▼
2024 · €27,697
Debt > 1 year
€1,175▼
2024 · €7,647
Income taxes
€4,857▲
2024 · €3,256
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 34,696 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 | €2,336 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,327 | €12,974 | €8,249 | €10,439 | €12,103 | ▲ 15.9% |
| Other operating charges640/8 | €1,108 | €925 | €1,020 | €925 | €1,031 | ▲ 11.5% |
| Gross operating margin9900 | €25,652 | €36,202 | €43,872 | €21,695 | €29,612 | ▲ 36.5% |
| Operating profit (loss)9901 | €13,217 | €22,303 | €34,603 | €10,331 | €16,478 | ▲ 59.5% |
| Financial income75/76B | - | - | - | €8 | €27 | ▲ 238% |
| Recurring financial income75 | - | - | - | €8 | €27 | ▲ 238% |
| Financial charges65/66B | €644 | €319 | €509 | €896 | €964 | ▲ 7.6% |
| Recurring financial charges65 | €644 | €319 | €509 | €896 | €964 | ▲ 7.6% |
| Profit (loss) for the period before taxes9903 | €12,573 | €21,984 | €34,094 | €9,443 | €15,541 | ▲ 64.6% |
| Income taxes67/77 | €3,322 | €6,750 | €9,457 | €3,256 | €4,857 | ▲ 49.2% |
| Profit (loss) for the period9904 | €9,251 | €15,234 | €24,637 | €6,187 | €10,684 | ▲ 72.7% |
| Profit (loss) for the period to be appropriated9905 | €9,251 | €15,234 | €24,637 | €6,187 | €10,684 | ▲ 72.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €66,161 | €74,428 | €70,561 | €77,375 | €75,938 | ▼ 1.9% |
| Fixed assets21/28 | €37,463 | €31,000 | €22,751 | €27,340 | €22,242 | ▼ 18.6% |
| Intangible fixed assets21 | €500 | - | - | - | - | - |
| Tangible fixed assets22/27 | €36,963 | €31,000 | €22,751 | €27,340 | €22,242 | ▼ 18.6% |
| Plant, machinery and equipment23 | - | €6,509 | €5,207 | €6,155 | €6,465 | ▲ 5.0% |
| Furniture and vehicles24 | €36,963 | €24,491 | €17,544 | €21,185 | €15,777 | ▼ 25.5% |
| Current assets29/58 | €28,698 | €43,428 | €47,810 | €50,035 | €53,696 | ▲ 7.3% |
| Stocks and contracts in progress3 | - | - | - | €9,757 | €7,928 | ▼ 18.7% |
| Stocks30/36 | - | - | - | €9,757 | €7,928 | ▼ 18.7% |
| Amounts receivable within one year40/41 | €6,425 | €9,860 | €9,102 | €11,847 | €9,383 | ▼ 20.8% |
| Trade receivables40 | €5,747 | €9,860 | €9,102 | €8,353 | €9,136 | ▲ 9.4% |
| Other amounts receivable41 | €678 | - | - | €3,494 | €247 | ▼ 92.9% |
| Cash at bank and in hand54/58 | €19,249 | €30,604 | €33,608 | €26,128 | €34,721 | ▲ 32.9% |
| Deferred charges and accrued income490/1 | €3,024 | €2,964 | €5,100 | €2,303 | €1,664 | ▼ 27.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €66,161 | €74,428 | €70,561 | €77,375 | €75,938 | ▼ 1.9% |
| Equity10/15 | €27,151 | €38,886 | €36,703 | €42,031 | €51,856 | ▲ 23.4% |
| Contributions10/11 | €12,400 | €12,400 | €100 | €100 | €100 | = |
| Outside capital11 | €12,400 | - | - | - | - | - |
| Other1109/19 | €12,400 | - | - | - | - | - |
| Reserves13 | €19,080 | €28,955 | €39,072 | €44,400 | €54,225 | ▲ 22.1% |
| Non-distributable reserves130/1 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | - | - | - | - | - |
| Distributable reserves133 | €17,220 | €28,955 | €39,072 | €44,400 | €54,225 | ▲ 22.1% |
| Profit (loss) carried forward14 | -€4,329 | -€2,469 | -€2,469 | -€2,469 | -€2,469 | = |
| Amounts payable17/49 | €39,010 | €35,542 | €33,858 | €35,344 | €24,082 | ▼ 31.9% |
| Amounts payable after more than one year17 | €22,474 | €14,026 | €7,545 | €7,647 | €1,175 | ▼ 84.6% |
| Financial debts170/4 | €22,474 | €14,026 | €7,545 | €7,647 | €1,175 | ▼ 84.6% |
| Amounts payable within one year42/48 | €16,536 | €21,516 | €26,313 | €27,697 | €22,907 | ▼ 17.3% |
| Current portion of amounts payable after more than one year42 | €8,303 | €8,447 | €6,481 | €7,392 | €6,472 | ▼ 12.4% |
| Trade debts44 | €756 | €909 | €292 | €4,360 | - | - |
| Suppliers440/4 | €756 | €909 | €292 | €4,360 | - | - |
| Taxes, remuneration and social security45 | €2,628 | €6,215 | €8,684 | €4,353 | €5,200 | ▲ 19.5% |
| Taxes450/3 | €2,628 | €6,215 | €8,684 | €4,353 | €5,200 | ▲ 19.5% |
| Other amounts payable47/48 | €4,849 | €5,945 | €10,856 | €11,592 | €11,235 | ▼ 3.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,251 | €15,234 | €24,637 | €6,187 | €10,684 | ▲ 72.7% |
| + Depreciation and write-downs630 | €11,327 | €12,974 | €8,249 | €10,439 | €12,103 | ▲ 15.9% |
| Operating cash flow (approximation) | €20,578 | €28,208 | €32,886 | €16,626 | €22,787 | ▲ 37.1% |
| Investment in fixed assets (approximation) | - | -€6,511 | €0 | -€15,028 | -€7,005 | ▲ 53.4% |
| Change in cash | - | €11,355 | €3,004 | -€7,480 | €8,593 | ▲ 215% |
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
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €24,637 ▲61.7%
Operating result €34,603, net result €24,637, both a record.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
2019
31-12
Financial
Back to profitnet €513
Net result €513 after one loss-making year.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 23 days late
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
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Hooglede · 1 establishment unit since 2012
Ground area
345 m²
Building footprint
113 m²
Volume, LiDAR
460 m³
Parcel 36006C0374/00D002, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PV-DESIGN / Fietstopia
since 20122.207.952.897
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36006C0374/00D002 | Flanders | 345 m² | 1 · 113 m² | 7.1 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.
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Of 11,567 companies in this sector we hold annual accounts for 6,567. 4,903 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded05-03-2012
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
33120Repair and maintenance of machinery
47632Retail sale of bicycles
90111Literary creation
95290Repair and maintenance of other personal and household goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0844252762
Registered
27-03-2026
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.