PVC HOLDING
ActiveSummary
PVC HOLDING has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €9.94M and a net result of €1.28M. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 4604 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability85▲+15
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €800k at 30 days acceptable
Liquidity ample (current ratio 14.61 against 1.54 in 2023; short-term debt: 1.1% and cash: 4.3% of total assets), and 1.3% of the assets are financed with debt.
Credit check for your own amount and term
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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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 2024Solvency, return and age of the figures
Solvency
98.7%
Return on assets
12.7%
Age of the figures
21 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 · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
30 d late
2022
on the day
2021
2 d early
2020
61 d late
2019
14 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1.28M▲ 1,912%
2023 · €64k
2018: €981k
2019: €1.62M▲ +65.0% vs 2018highest in 7 years
2020: €-161k▼ -110% vs 2019lowest in 7 years
2021: €73k▲ +145% vs 2020
2022: €742k▲ +916% vs 2021
2023: €64k▼ -91.4% vs 2022
2024: €1.28M▲ +1912% vs 2023
2018 → 2024
Working capital
€1.51M▲ 268%
2023 · €410k
2018: €117k
2019: €79k▼ -32.3% vs 2018
2020: €-112k▼ -241% vs 2019
2021: €-569k▼ -410% vs 2020lowest in 7 years
2022: €-348k▲ +38.8% vs 2021
2023: €410k▲ +218% vs 2022
2024: €1.51M▲ +268% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€7.78M-€7.86M▲ 0.9%€8.60M▲ 9.4%€8.66M▲ 0.7%€9.94M▲ 14.8%
2020: €7.78Mlowest in 5 years
2021: €7.86M▲ +0.9% vs 2020
2022: €8.60M▲ +9.4% vs 2021
2023: €8.66M▲ +0.7% vs 2022
2024: €9.94M▲ +14.8% vs 2023highest in 5 years
Operating result€-160k-€13k€544k▲ 4,002%€182k▼ 66.5%€244k▲ 34.0%
2020: €-160klowest in 5 years
2021: €13k▲ +108% vs 2020
2022: €544k▲ +4002% vs 2021highest in 5 years
2023: €182k▼ -66.5% vs 2022
2024: €244k▲ +34.0% vs 2023
Net result€-161k-€73k€742k▲ 916%€64k▼ 91.4%€1.28M▲ 1,912%
2020: €-161klowest in 5 years
2021: €73k▲ +145% vs 2020
2022: €742k▲ +916% vs 2021
2023: €64k▼ -91.4% vs 2022
2024: €1.28M▲ +1912% vs 2023highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 34% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €10.08M
Fixed assets
€8.45M ▲ 2.4%
Current assets
€1.62M ▲ 38.7%
Equity and liabilities €10.08M
Equity
€9.94M ▲ 14.8%
Debt
€132k ▼ 82.6%
Debt's share of the balance-sheet total falls from 8.1% to 1.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€265k▲
2023 · €199k
Cash flow
€1.30M▲
2023 · €81k
Current ratio
14.61▲
2023 · 1.54
Debt to equity
0.01▼
2023 · 0.09
ROE
12.9%▲
2023 · 0.7%
ROA
12.7%▲
2023 · 0.7%
Interest coverage
196.41▲
2023 · 17.22
Debt ≤ 1 year
€111k▼
2023 · €760k
Debt > 1 year
€21k
Income taxes
€63k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€9.42M€10.08M▲
Fixed assets21/28€8.25M€8.45M▲
Tangible fixed assets22/27€99k€300k▲
Furniture and vehicles24€69k€95k▲
Other tangible fixed assets26€30k€205k▲
Financial fixed assets28€8.15M€8.15M=
Current assets29/58€1.17M€1.62M▲
Amounts receivable within one year40/41€696k€1.19M▲
Trade receivables40€648k€610k▼
Other amounts receivable41€48k€579k▲
Cash at bank and in hand54/58€468k€435k▼
Deferred charges and accrued income490/1€7k-
Equity and liabilities
Total equity and liabilities10/49€9.42M€10.08M▲
Equity10/15€8.66M€9.94M▲
Contributions10/11€100k€100k=
Reserves13€10k€10k=
Non-distributable reserves130/1€10k€10k=
Reserves not available under the articles1311€10k€10k=
Profit (loss) carried forward14€8.55M€9.83M▲
Amounts payable17/49€760k€132k▼
Amounts payable after more than one year17-€21k
Financial debts170/4-€21k
Amounts payable within one year42/48€760k€111k▼
Current portion of amounts payable after more than one year42€77k€13k▼
Financial debts43€24k€21k▼
Credit institutions430/8€116-
Other loans439€24k€21k▼
Trade debts44€11k€17k▲
Suppliers440/4€11k€17k▲
Taxes, remuneration and social security45€560€61k▲
Taxes450/3€560€61k▲
Other amounts payable47/48€647k€164▼
Accrued charges and deferred income492/3€204-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€21k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€106k-
Other operating charges640/8€960€968▲
Gross operating margin9900€307k€266k▼
Operating profit (loss)9901€182k€244k▲
Financial income75/76B€653k€1.10M▲
Recurring financial income75€653k€1.10M▲
Financial charges65/66B€772k€1k▼
Recurring financial charges65€12k€1k▼
Non-recurring financial charges66B€760k-
Profit (loss) for the period before taxes9903€64k€1.35M▲
Income taxes67/77-€63k
Profit (loss) for the period9904€64k€1.28M▲
Profit (loss) for the period to be appropriated9905€64k€1.28M▲
Appropriation of the result
Profit (loss) to be appropriated9906€8.55M€9.83M▲
Profit (loss) brought forward from the previous period14P€8.49M€8.55M▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €3k | €192 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €5k | €9k | €17k | €21k | ▲ 19.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €106k | - | - |
| Other operating charges640/8 | - | €2k | €868 | €960 | €968 | ▲ 0.8% |
| Gross operating margin9900 | €-116k | €24k | €554k | €307k | €266k | ▼ 13.4% |
| Operating profit (loss)9901 | €-160k | €13k | €544k | €182k | €244k | ▲ 34.0% |
| Financial income75/76B | - | €90k | €232k | €653k | €1.10M | ▲ 68.8% |
| Recurring financial income75 | €17k | €90k | €232k | €653k | €1.10M | ▲ 68.8% |
| Financial charges65/66B | - | €31k | €34k | €772k | €1k | ▼ 99.8% |
| Recurring financial charges65 | €17k | €31k | €34k | €12k | €1k | ▼ 88.4% |
| Non-recurring financial charges66B | - | - | - | €760k | - | - |
| Profit (loss) for the period before taxes9903 | €-161k | €73k | €742k | €64k | €1.35M | ▲ 2,011% |
| Income taxes67/77 | - | - | - | - | €63k | - |
| Profit (loss) for the period9904 | €-161k | €73k | €742k | €64k | €1.28M | ▲ 1,912% |
| Profit (loss) for the period to be appropriated9905 | €-161k | €73k | €742k | €64k | €1.28M | ▲ 1,912% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10.27M | €10.06M | €10.17M | €9.42M | €10.08M | ▲ 6.9% |
| Fixed assets21/28 | €9.03M | €9.06M | €9.03M | €8.25M | €8.45M | ▲ 2.4% |
| Tangible fixed assets22/27 | €16k | €49k | €113k | €99k | €300k | ▲ 204% |
| Plant, machinery and equipment23 | - | €3k | €2k | - | - | - |
| Furniture and vehicles24 | - | €16k | €82k | €69k | €95k | ▲ 38.6% |
| Other tangible fixed assets26 | - | €30k | €30k | €30k | €205k | ▲ 583% |
| Financial fixed assets28 | €9.01M | €9.01M | €8.91M | €8.15M | €8.15M | = |
| Current assets29/58 | €1.25M | €999k | €1.15M | €1.17M | €1.62M | ▲ 38.7% |
| Amounts receivable within one year40/41 | €718k | €778k | €729k | €696k | €1.19M | ▲ 70.8% |
| Trade receivables40 | - | €316k | €443k | €648k | €610k | ▼ 5.9% |
| Other amounts receivable41 | - | €463k | €286k | €48k | €579k | ▲ 1,105% |
| Cash at bank and in hand54/58 | €528k | €221k | €416k | €468k | €435k | ▼ 7.1% |
| Deferred charges and accrued income490/1 | - | - | - | €7k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10.27M | €10.06M | €10.17M | €9.42M | €10.08M | ▲ 6.9% |
| Equity10/15 | €7.78M | €7.86M | €8.60M | €8.66M | €9.94M | ▲ 14.8% |
| Contributions10/11 | - | €100k | €100k | €100k | €100k | = |
| Reserves13 | €10k | €10k | €10k | €10k | €10k | = |
| Non-distributable reserves130/1 | - | €10k | €10k | €10k | €10k | = |
| Reserves not available under the articles1311 | - | €10k | €10k | €10k | €10k | = |
| Profit (loss) carried forward14 | €7.67M | €7.75M | €8.49M | €8.55M | €9.83M | ▲ 15.0% |
| Amounts payable17/49 | €2.49M | €2.21M | €1.57M | €760k | €132k | ▼ 82.6% |
| Amounts payable after more than one year17 | €1.13M | €608k | €77k | - | €21k | - |
| Financial debts170/4 | - | €608k | €77k | - | €21k | - |
| Amounts payable within one year42/48 | €1.36M | €1.57M | €1.49M | €760k | €111k | ▼ 85.4% |
| Current portion of amounts payable after more than one year42 | - | €526k | €531k | €77k | €13k | ▼ 83.6% |
| Financial debts43 | - | - | €5k | €24k | €21k | ▼ 13.5% |
| Credit institutions430/8 | - | - | - | €116 | - | - |
| Other loans439 | - | - | €5k | €24k | €21k | ▼ 13.1% |
| Trade debts44 | €14k | €25k | €20k | €11k | €17k | ▲ 50.3% |
| Suppliers440/4 | - | €25k | €20k | €11k | €17k | ▲ 50.3% |
| Taxes, remuneration and social security45 | - | - | €4k | €560 | €61k | ▲ 10,788% |
| Taxes450/3 | - | - | €4k | €560 | €61k | ▲ 10,788% |
| Other amounts payable47/48 | - | €1.02M | €933k | €647k | €164 | ▼ 100.0% |
| Accrued charges and deferred income492/3 | - | €29k | €3k | €204 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-161k | €73k | €742k | €64k | €1.28M | ▲ 1,912% |
| + Depreciation and write-downs630 | €4k | €5k | €9k | €17k | €21k | ▲ 19.9% |
| Operating cash flow (approximation) | €-156k | €78k | €752k | €81k | €1.30M | ▲ 1,506% |
| Investment in fixed assets (approximation) | - | €-38k | €26k | €757k | €-223k | ▼ 129% |
| Change in cash | - | €-307k | €195k | €51k | €-33k | ▼ 165% |
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
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 61 days late
2024
31-12
Financial
Liquidity times 9current ratio 14.61
Current ratio from 1.54 to 14.61; short-term debt falls from €760k to €111k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 1.54
Current ratio from 0.77 to 1.54; short-term debt falls from €1.49M to €760k.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €73k
Net result €73k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 61 days late
2020
31-12
Financial
Weakest financial yearnet €-161k
Net result drops to €-161k, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €1.62M ▲65%
Net result €1.62M, the highest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
Show earlier events
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Ukkel · 1 establishment unit since 2010
Ground area
397 m²
Building footprint
109 m²
Volume, LiDAR
695 m³
Parcel 21612D0327/00B039, Brussels · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Hamstraat 6, 1180 Ukkel
since 20102.190.460.928
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612D0327/00B039 | Brussels | 397 m² | 1 · 109 m² | 10.2 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 82,553 companies in sector 70200 we hold annual accounts for 52,585. 6,860 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
Founded22-07-2010
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.