PV SERVICES
ActiveSummary
The computed 12-month bankruptcy probability of PV SERVICES is 5.3% (elevated). The 2024 annual accounts show equity of €46,009 and a net result of €10,505. Equity is growing by ~21.1% per year across the filed fiscal years. Its solvency ranks better than 81% of 36386 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2024
59
/ 100
Fair
An elevated bankruptcy probability caps the score. A confirmed filing finding caps the score. Each of these causes sets the same score on its own. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability90▲+5
Solvency100▲+22
Growth78=
Track record92
Bankruptcy probability, 12 months
5.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days only on tighter terms
Liquidity ample (current ratio 4.1 against 2.18 in 2023; short-term debt: 24.4% and cash: 3.3% of total assets), and 24.4% of the assets are financed with debt.
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Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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 2024Solvency, return and age of the figures
Solvency
75.6%
Return on assets
17.3%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-10-2025, 91 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
91 d late
2023
291 d late
2022
657 d late
2019
265 d late
2016
153 d late
2015
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 248 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Late accounts filing
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€46,009▲ 29.6%
2023 · €35,504
Total assets
€60,837▼ 9.2%
2023 · €66,999
Net result
€10,505▲ 23.8%
2023 · €8,488
Working capital
€46,009▲ 32.4%
2023 · €34,763
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line2019202220232024
Operating result€2,973-€1,970-€15,961▲ 710%€12,785▼ 19.9%
Net result€237--€5,291below the sector's middle half-€8,488within the sector's middle half€10,505within the sector's middle half▲ 23.8%
Equity€24,803-€27,016within the sector's middle half-€35,504within the sector's middle half▲ 31.4%€46,009within the sector's middle half▲ 29.6%
Total assets€33,271-€46,060below the sector's middle half-€66,999within the sector's middle half▲ 45.5%€60,837below the sector's middle half▼ 9.2%
Debt€8,468-€19,044-€31,495▲ 65.4%€14,828▼ 52.9%
Working capital€23,956-€28,801within the sector's middle half-€34,763within the sector's middle half▲ 20.7%€46,009within the sector's middle half▲ 32.4%
Solvency74.5%-58.7%within the sector's middle half-53.0%within the sector's middle half▼ 5.7pp75.6%above the sector's middle half▲ 22.6pp
Current ratio3.83-3.65above the sector's middle half-2.18within the sector's middle half▼ 1.474.10above the sector's middle half▲ 1.92
Return on assets (ROA)0.7%--11.5%below the sector's middle half-12.7%within the sector's middle half▲ 24.2pp17.3%within the sector's middle half▲ 4.6pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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 falls in 2024; 2024 is 20% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €60,837
Equity
€46,009 ▲ 29.6%
Debt
€14,828 ▼ 52.9%
Debt's share of the balance-sheet total falls from 47.0% to 24.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15,586▼
2023 · €19,546
Cash flow
€13,306▲
2023 · €12,073
Debt to equity
0.32▼
2023 · 0.89
ROE
22.8%▼
2023 · 23.9%
Interest coverage
43.35▲
2023 · 36.27
Debt ≤ 1 year
€14,828▼
2023 · €29,435
Income taxes
€2,500▼
2023 · €7,047
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% 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
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 5.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 34,679 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 | 2019 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €797 | €3,808 | €3,585 | €2,801 | ▼ 21.9% |
| Other operating charges640/8 | - | €3,318 | €11,863 | €2,252 | ▼ 81.0% |
| Gross operating margin9900 | €5,119 | €9,096 | €31,410 | €17,838 | ▼ 43.2% |
| Operating profit (loss)9901 | €2,973 | €1,970 | €15,961 | €12,785 | ▼ 19.9% |
| Financial income75/76B | - | €19 | €114 | €580 | ▲ 410% |
| Recurring financial income75 | €0 | €19 | €114 | €580 | ▲ 410% |
| Financial charges65/66B | - | €502 | €539 | €360 | ▼ 33.3% |
| Recurring financial charges65 | €236 | €502 | €539 | €360 | ▼ 33.3% |
| Profit (loss) for the period before taxes9903 | €2,737 | €1,487 | €15,536 | €13,005 | ▼ 16.3% |
| Income taxes67/77 | €2,500 | €6,778 | €7,047 | €2,500 | ▼ 64.5% |
| Profit (loss) for the period9904 | €237 | -€5,291 | €8,488 | €10,505 | ▲ 23.8% |
| Profit (loss) for the period to be appropriated9905 | €237 | -€5,291 | €8,488 | €10,505 | ▲ 23.8% |
| Line | 2019 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €33,271 | €46,060 | €66,999 | €60,837 | ▼ 9.2% |
| Fixed assets21/28 | €847 | €6,387 | €2,801 | - | - |
| Tangible fixed assets22/27 | €847 | €6,387 | €2,801 | - | - |
| Plant, machinery and equipment23 | - | €326 | €47 | - | - |
| Furniture and vehicles24 | - | €6,061 | €2,755 | - | - |
| Current assets29/58 | €32,423 | €39,673 | €64,198 | €60,837 | ▼ 5.2% |
| Amounts receivable within one year40/41 | €32,056 | €33,558 | €61,392 | €58,812 | ▼ 4.2% |
| Trade receivables40 | - | €28,096 | €51,055 | €35,994 | ▼ 29.5% |
| Other amounts receivable41 | - | €5,462 | €10,337 | €22,818 | ▲ 121% |
| Cash at bank and in hand54/58 | €368 | €6,115 | €2,806 | €2,025 | ▼ 27.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €33,271 | €46,060 | €66,999 | €60,837 | ▼ 9.2% |
| Equity10/15 | €24,803 | €27,016 | €35,504 | €46,009 | ▲ 29.6% |
| Contributions10/11 | €100 | €100 | €100 | €100 | = |
| Capital10 | - | €100 | €100 | €100 | = |
| Issued capital100 | - | €100 | €100 | €100 | = |
| Profit (loss) carried forward14 | €24,703 | €26,916 | €35,404 | €45,909 | ▲ 29.7% |
| Amounts payable17/49 | €8,468 | €19,044 | €31,495 | €14,828 | ▼ 52.9% |
| Amounts payable after more than one year17 | - | €8,172 | €2,060 | - | - |
| Financial debts170/4 | - | €8,172 | €2,060 | - | - |
| Amounts payable within one year42/48 | €8,468 | €10,872 | €29,435 | €14,828 | ▼ 49.6% |
| Current portion of amounts payable after more than one year42 | - | €6,011 | €6,112 | €2,060 | ▼ 66.3% |
| Trade debts44 | €7,502 | €4,609 | €18,776 | €9,720 | ▼ 48.2% |
| Suppliers440/4 | - | €4,609 | €18,776 | €9,720 | ▼ 48.2% |
| Taxes, remuneration and social security45 | - | €252 | €4,547 | €3,047 | ▼ 33.0% |
| Taxes450/3 | - | €252 | €4,547 | €3,047 | ▼ 33.0% |
| Line | 2019 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €237 | -€5,291 | €8,488 | €10,505 | ▲ 23.8% |
| + Depreciation and write-downs630 | €797 | €3,808 | €3,585 | €2,801 | ▼ 21.9% |
| Operating cash flow (approximation) | €1,034 | -€1,483 | €12,073 | €13,306 | ▲ 10.2% |
| Investment in fixed assets (approximation) | - | - | €0 | - | - |
| Change in cash | - | - | -€3,309 | -€781 | ▲ 76.4% |
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
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 91 days late
18-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 291 days late
18-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 657 days late
01-04
KBO administration
Late accounts filing
event 19-03-2025
2024
31-12
Financial
Highest result since 2019net €10,505 ▲23.8%
Net result €10,505, the highest in the series.
2023
31-12
Financial
Back to profitnet €8,488
Net result €8,488 after one loss-making year.
2022
31-12
Financial
Weakest financial yearnet -€5,291
Net result drops to -€5,291, the lowest in the series; recovery starts the following year.
2021
22-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 265 days late
2017
31-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 153 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 61 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Brussel
Ground area
409 m²
Building footprint
155 m²
Volume, LiDAR
2,065 m³
Parcel 21819D0100/00S003, Brussels · tallest building 16.8 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21819D0100/00S003 | Brussels | 409 m² | 1 · 155 m² | 16.8 m · 5 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 15,521 companies in sector 43990 we hold annual accounts for 7,423. 6,035 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 (pre-2019)
Founded20-02-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID
0208:0546752178
Also
9925:BE0546752178
Registered
24-01-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.