Equity
PV Management paid out €19,960 in dividends. That is 57% of the 2025 profit.
PV Management paid out €19,960 in dividends. That is 57% of the 2025 profit.
The micro format states no turnover.
Debts rose by €68,473 in 2025.
The 2022 accounts came latest: 31 days after the end of the period.
Higher gross margin than 91% of companies in office administrative support. Sector median €39,351 · 9,680 companies.
The dashed line is the sector median: 0.2% across 12,672 companies (NACE 82, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, micro). It does better than 28% of them on solvency, 11% on liquidity, 71% on profitability and 88% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 7,976 companies had the same profile as PV Management has now. Each dot stands for 20 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PV Management itself: 0.8% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,976 companies, not a prediction for PV Management. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is tight, with a current ratio of 1.23 (1.23 in 2024), below the usual 1.5. Short-term debt is 79.5% and cash 10.3% of total assets. 79.9% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 4 accounts on average 27 days after the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| PV Management Vosselaar | €155,169 | €209,112 | 20.1% | - |
| Danda-Solutions Mortsel | €150,360 | €185,185 | 2.0% | - |
| SOLE DI NOTTE Stekene | €142,218 | €214,206 | 3.5% | 0 |
| N&S CONSULTING Grimbergen | €156,716 | €229,769 | 1.3% | - |
| LIMZA Kraainem | €189,010 | €196,609 | 3.9% | - |
| BASMATI Lievegem | €185,211 | €183,401 | 61.3% | - |
| PNAC Brussels | €162,276 | €219,153 | 0.6% | - |
These companies have the same main activity as PV Management: other business support services (NACE 82990). They are comparable in size and age: total assets between €142,000 and €189,000, founded between 2021 and 2022.
PV Management files the micro format. That format states no turnover. The gross margin rose from €63,968 in 2022 to €209,112 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €310,000. Estimated: probably between €250,000 and €440,000.
Higher than 27% of 9,691 companies in 2025.
Higher than 35% of 9,309 companies in 2025.
Higher than 66% of 9,433 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
155,169 | 71,538 | 57,594 | 36,547 | |
21/28 |
2,890 | 3,853 | - | - | |
22/27 |
2,890 | 3,853 | - | - | |
23 |
2,890 | 3,853 | - | - | |
29/58 |
152,279 | 67,685 | 57,594 | 36,547 | |
40/41 |
134,017 | 28,845 | 33,466 | 11,335 | |
40 |
101,631 | 5,146 | 18,241 | 10,930 | |
41 |
32,386 | 23,699 | 15,225 | 406 | |
54/58 |
16,040 | 37,698 | 22,253 | 24,122 | |
490/1 |
2,222 | 1,142 | 1,874 | 1,090 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
155,169 | 71,538 | 57,594 | 36,547 | |
10/15 |
31,236 | 16,078 | 14,557 | 10,793 | |
10/11 |
2,000 | 2,000 | 2,000 | 2,000 | |
13 |
29,236 | 14,078 | 12,557 | 8,793 | |
133 |
29,236 | 14,078 | 12,557 | 8,793 | |
17/49 |
123,933 | 55,460 | 43,037 | 25,754 | |
42/48 |
123,381 | 54,932 | 43,037 | 25,754 | |
42 |
- | - | 2,392 | - | |
44 |
15,530 | 4,781 | 13,031 | 3,586 | |
440/4 |
15,530 | 4,781 | 13,031 | 3,586 | |
45 |
75,851 | 50,151 | 27,614 | 22,168 | |
450/3 |
33,294 | 16,661 | 11,842 | 9,122 | |
454/9 |
42,557 | 33,490 | 15,772 | 13,045 | |
47/48 |
32,000 | - | - | - | |
492/3 |
552 | 528 | - | - | |
| Income statement | |||||
9900 |
209,112 | 163,849 | 139,284 | 63,968 | |
62 |
164,193 | 159,731 | 129,251 | 48,439 | |
630 |
963 | 963 | - | - | |
640/8 |
717 | 695 | 658 | 1,306 | |
9901 |
43,239 | 2,459 | 9,375 | 14,222 | |
75/76B |
897 | 981 | 326 | - | |
75 |
897 | 981 | 326 | - | |
65/66B |
991 | 751 | 1,324 | 429 | |
65 |
991 | 751 | 1,324 | 429 | |
9903 |
43,145 | 2,690 | 8,377 | 13,793 | |
67/77 |
8,027 | 1,169 | 4,614 | 5,000 | |
9904 |
35,118 | 1,521 | 3,763 | 8,793 | |
9905 |
35,118 | 1,521 | 3,763 | 8,793 | |
| Appropriation of the result | |||||
9906 |
35,118 | 1,521 | 3,763 | 8,793 | |
691/2 |
15,158 | 1,521 | 3,763 | 8,793 | |
6921 |
15,158 | 1,521 | 3,763 | 8,793 | |
694/7 |
19,960 | - | - | - | |
694 |
19,960 | - | - | - | |
| Social balance sheet | |||||
9087 |
2 | 2.2 | 1.6 | 0.6 | |
Hours worked1013 |
3,405 | 3,697 | 2,755 | 1,117 | |
| Document | |||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 17-08-2026.
2025 annual accounts filed 17 days after the deadline. Filed on 17 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00405442.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 44,203 | 3,423 | - | - | ||
| 36,081 | 2,485 | - | - | ||
| 0 | 4,817 | - | - | ||
| -21,658 | 15,444 | -1,868 | - | ||
| 28,898 | 12,753 | 14,557 | 10,793 | ||
| 20.1% | 22.5% | 25.3% | 29.5% | ||
| 1.23 | 1.23 | 1.34 | 1.42 | ||
| 3.97 | 3.45 | 2.96 | 2.39 | ||
| 112.4% | 9.5% | 25.9% | 81.5% | ||
| 22.6% | 2.1% | 6.5% | 24.1% | ||
| 44.63 | 4.56 | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 2 | 1 |
| full-time | 2 | 2 | 2 | 1 |
| in full-time equivalents | 2 | 2 | 2 | 1 |
| 2 | 2.2 | 1.6 | 0.6 | |
| On a permanent contract | 2 | 2 | 2 | 1 |
| Joined | - | - | 1 | - |
| Left | - | - | 0 | - |
Source: social balance sheet in the 2022 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | €4,817 | - | - |
| €963 | €963 | - | - |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is nearly 18 times that of 2024 and the highest since 2022. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 77.5% to 79.9%. Equity and debt are higher.
PV Management has no parent and no holdings in its annual accounts. PAVLOVS Vladimirs is the only director. PV Management shares no director with another company.
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registered office since 20-06-2006 |
founded in 2006 0882.085.435 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 27 January 2022, PV Management was incorporated as a private limited company by one natural person, with a starting capital of €2,000.12 In 2025 the registered office moved to Vosselaar.3 PAVLOVS Vladimirs is director of the company, appointed by deed of 31-01-2022.2 Total assets went from €36,547 in 2022 to €155,169 in 2025 and headcount from 0.6 to 2 full-time equivalents.4
| Establishment | Since | Unit number |
|---|---|---|
| Antwerpsesteenweg 51 registered office 2350 Vosselaar | 27-01-2022 | 2.327.574.485 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 13046B0130/00M000 | 1,599 m² | 1 · 483 m² | 11.8 m · 3 |
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