PVD TECHNICS
ActiveSummary
PVD TECHNICS has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10k and a net result of €-8k. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 28% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50=
Solvency52▼-5
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
26.7%
Return on assets
-21.6%
Age of the figures
15 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-8k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 10-12-2025, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
51 d early
2023
48 d early
2022
57 d early
2021
42 d early
2020
54 d early
2019
42 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€10k▼ 44.7%
2024 · €18k
2019: €10klowest in 7 years
2020: €19k▲ +99.6% vs 2019
2021: €20k▲ +3.3% vs 2020
2022: €27k▲ +37.9% vs 2021highest in 7 years
2023: €26k▼ -6.3% vs 2022
2024: €18k▼ -31.3% vs 2023
2025: €10k▼ -44.7% vs 2024
2019 → 2025
Total assets
€36k▼ 33.1%
2024 · €54k
2019: €48k
2020: €51k▲ +7.1% vs 2019
2021: €34k▼ -33.2% vs 2020lowest in 7 years
2022: €180k▲ +423% vs 2021highest in 7 years
2023: €72k▼ -59.8% vs 2022
2024: €54k▼ -24.5% vs 2023
2025: €36k▼ -33.1% vs 2024
2019 → 2025
Net result
€-8k▲ 1.8%
2024 · €-8k
2019: €7k
2020: €10k▲ +33.0% vs 2019highest in 7 years
2021: €625▼ -93.5% vs 2020
2022: €8k▲ +1103% vs 2021
2023: €-2k▼ -123% vs 2022
2024: €-8k▼ -367% vs 2023lowest in 7 years
2025: €-8k▲ +1.8% vs 2024
2019 → 2025
Working capital
€-9k▼ 61.0%
2024 · €-6k
2019: €3k
2020: €12k▲ +257% vs 2019
2021: €13k▲ +10.0% vs 2020highest in 7 years
2022: €-5k▼ -134% vs 2021
2023: €-1k▲ +73.9% vs 2022
2024: €-6k▼ -385% vs 2023
2025: €-9k▼ -61.0% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€20k-€27k▲ 37.9%€26k▼ 6.3%€18k▼ 31.3%€10k▼ 44.7%
2021: €20k
2022: €27k▲ +37.9% vs 2021highest in 5 years
2023: €26k▼ -6.3% vs 2022
2024: €18k▼ -31.3% vs 2023
2025: €10k▼ -44.7% vs 2024lowest in 5 years
Operating result€2k-€13k▲ 590%€1k▼ 90.9%€-6k€-7k▼ 12.6%
2021: €2k
2022: €13k▲ +590% vs 2021highest in 5 years
2023: €1k▼ -90.9% vs 2022
2024: €-6k▼ -633% vs 2023
2025: €-7k▼ -12.6% vs 2024lowest in 5 years
Net result€625-€8k▲ 1,103%€-2k€-8k▼ 367%€-8k▲ 1.8%
2021: €625
2022: €8k▲ +1103% vs 2021highest in 5 years
2023: €-2k▼ -123% vs 2022
2024: €-8k▼ -367% vs 2023lowest in 5 years
2025: €-8k▲ +1.8% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7k in 2025 against €6k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €36k
Fixed assets
€21k ▼ 45.5%
Current assets
€15k ▼ 2.1%
Equity and liabilities €36k
Equity
€10k ▼ 44.7%
Debt
€27k ▼ 27.5%
Debt's share of the balance-sheet total rises from 67.7% to 73.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€11k▲
2024 · €11k
Cash flow
€10k▲
2024 · €9k
Current ratio
0.62▼
2024 · 0.73
Quick ratio
0.46▼
2024 · 0.51
Debt to equity
2.75▲
2024 · 2.09
ROE
-80.9%▼
2024 · -45.6%
ROA
-21.6%▼
2024 · -14.7%
Interest coverage
17.13▲
2024 · 13.14
Debt ≤ 1 year
€25k▲
2024 · €21k
Debt > 1 year
€2k▼
2024 · €15k
Income taxes
€300▼
2024 · €1k
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 · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€54k€36k▼
Fixed assets21/28€39k€21k▼
Tangible fixed assets22/27€39k€21k▼
Furniture and vehicles24€39k€21k▼
Financial fixed assets28€50€50=
Current assets29/58€16k€15k▼
Stocks and contracts in progress3€5k€4k▼
Stocks30/36€5k€4k▼
Amounts receivable within one year40/41€2k€2k▲
Trade receivables40€1k-
Other amounts receivable41€67€2k▲
Cash at bank and in hand54/58€5k€3k▼
Deferred charges and accrued income490/1€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€54k€36k▼
Equity10/15€18k€10k▼
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-3k€-11k▼
Amounts payable17/49€37k€27k▼
Amounts payable after more than one year17€15k€2k▼
Financial debts170/4€15k€2k▼
Amounts payable within one year42/48€21k€25k▲
Current portion of amounts payable after more than one year42€13k€13k▲
Trade debts44€1k€273▼
Suppliers440/4€1k€273▼
Taxes, remuneration and social security45€1k€2k▲
Taxes450/3€1k€2k▲
Other amounts payable47/48€5k€9k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€18k▲
Other operating charges640/8€384€1k▲
Gross operating margin9900€11k€12k▲
Operating profit (loss)9901€-6k€-7k▼
Financial income75/76B€9€26▲
Recurring financial income75€9€26▲
Financial charges65/66B€810€625▼
Recurring financial charges65€810€625▼
Profit (loss) for the period before taxes9903€-7k€-8k▼
Income taxes67/77€1k€300▼
Profit (loss) for the period9904€-8k€-8k▲
Profit (loss) for the period to be appropriated9905€-8k€-8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€-11k▼
Profit (loss) brought forward from the previous period14P€5k€-3k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €21k | €17k | €17k | €18k | ▲ 5.0% |
| Other operating charges640/8 | - | €468 | €451 | €384 | €1k | ▲ 245% |
| Gross operating margin9900 | €10k | €34k | €19k | €11k | €12k | ▲ 9.1% |
| Operating profit (loss)9901 | €2k | €13k | €1k | €-6k | €-7k | ▼ 12.6% |
| Financial income75/76B | - | €4 | €4 | €9 | €26 | ▲ 173% |
| Recurring financial income75 | - | €4 | €4 | €9 | €26 | ▲ 173% |
| Financial charges65/66B | - | €1k | €979 | €810 | €625 | ▼ 22.9% |
| Recurring financial charges65 | €800 | €1k | €979 | €810 | €625 | ▼ 22.9% |
| Profit (loss) for the period before taxes9903 | €1k | €11k | €187 | €-7k | €-8k | ▼ 8.3% |
| Income taxes67/77 | €418 | €4k | €2k | €1k | €300 | ▼ 70.8% |
| Profit (loss) for the period9904 | €625 | €8k | €-2k | €-8k | €-8k | ▲ 1.8% |
| Profit (loss) for the period to be appropriated9905 | €625 | €8k | €-2k | €-8k | €-8k | ▲ 1.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €34k | €180k | €72k | €54k | €36k | ▼ 33.1% |
| Fixed assets21/28 | €8k | €71k | €54k | €39k | €21k | ▼ 45.5% |
| Tangible fixed assets22/27 | €8k | €71k | €54k | €39k | €21k | ▼ 45.5% |
| Plant, machinery and equipment23 | - | €263 | - | - | - | - |
| Furniture and vehicles24 | - | €71k | €54k | €39k | €21k | ▼ 45.5% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €26k | €108k | €18k | €16k | €15k | ▼ 2.1% |
| Stocks and contracts in progress3 | €5k | €5k | €4k | €5k | €4k | ▼ 15.8% |
| Stocks30/36 | - | €5k | €4k | €5k | €4k | ▼ 15.8% |
| Amounts receivable within one year40/41 | €5k | €94k | €4k | €2k | €2k | ▲ 50.7% |
| Trade receivables40 | - | €93k | €4k | €1k | - | - |
| Other amounts receivable41 | - | €1k | €43 | €67 | €2k | ▲ 3,378% |
| Cash at bank and in hand54/58 | €14k | €4k | €3k | €5k | €3k | ▼ 37.6% |
| Deferred charges and accrued income490/1 | - | €4k | €6k | €5k | €6k | ▲ 30.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €34k | €180k | €72k | €54k | €36k | ▼ 33.1% |
| Equity10/15 | €20k | €27k | €26k | €18k | €10k | ▼ 44.7% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Outside capital11 | - | €19k | €19k | €19k | €19k | = |
| Other1109/19 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-809 | €7k | €5k | €-3k | €-11k | ▼ 260% |
| Amounts payable17/49 | €14k | €152k | €47k | €37k | €27k | ▼ 27.5% |
| Amounts payable after more than one year17 | €2k | €40k | €28k | €15k | €2k | ▼ 86.4% |
| Financial debts170/4 | - | €40k | €28k | €15k | €2k | ▼ 86.4% |
| Amounts payable within one year42/48 | €13k | €113k | €19k | €21k | €25k | ▲ 15.1% |
| Current portion of amounts payable after more than one year42 | - | €12k | €12k | €13k | €13k | ▲ 1.6% |
| Trade debts44 | - | €92k | €765 | €1k | €273 | ▼ 81.6% |
| Suppliers440/4 | - | €92k | €765 | €1k | €273 | ▼ 81.6% |
| Taxes, remuneration and social security45 | - | €9k | €3k | €1k | €2k | ▲ 6.3% |
| Taxes450/3 | - | €9k | €3k | €1k | €2k | ▲ 6.3% |
| Other amounts payable47/48 | - | - | €3k | €5k | €9k | ▲ 78.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €625 | €8k | €-2k | €-8k | €-8k | ▲ 1.8% |
| + Depreciation and write-downs630 | €8k | €21k | €17k | €17k | €18k | ▲ 5.0% |
| Operating cash flow (approximation) | €9k | €28k | €15k | €9k | €10k | ▲ 11.3% |
| Investment in fixed assets (approximation) | - | €-84k | €0 | €-1k | €0 | ▲ 100% |
| Change in cash | - | €-10k | €-1k | €2k | €-2k | ▼ 209% |
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
14-08
State Gazette act
Resignations & appointmentsMandate compensation · Accounting effect · Mandate compensation start4 facts ▸
State Gazette act
Resignations & appointments
Mandate compensation · Accounting effect · Mandate compensation start4 facts ▸
- Board meeting, 12/06/2026
- Mandate compensation, Patrick Van Decraen
- Accounting effect, 30/06/2026
- Mandate compensation start, 01/07/2026
2025
10-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
11-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
2023
14-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
05-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
08-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Highest result since 2019net €10k ▲33%
Operating result €16k, net result €10k, both a record.
2019
20-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
06-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ittre · 1 establishment unit since 2001
Ground area
3,605 m²
Building footprint
293 m²
Volume, LiDAR
1,584 m³
2 parcels, Wallonia · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Rue de la Procession 23, 1460 Ittre
since 20012.098.346.461
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25044C0075/00K000 | Wallonia | 1,948 m² | 1 · 136 m² | 8.4 m · 2 fl. |
| 25044C0075/00A000 | Wallonia | 1,657 m² | 1 · 158 m² | 7.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
PRO JECTION
BE 0802.594.430
Pepinster · Eq €9,705
NB Toiture
BE 1023.029.504
Tienen · Eq €9,650
J-V-A CONCEPT
BE 0747.925.626
Halle · Eq €9,590
L2 CONSTRUCT
BE 0794.640.925
Herstal · Eq €9,916
MAXIPUR
BE 0544.966.685
Herentals · Eq €9,497
Of 4,271 companies in sector 43230 we hold annual accounts for 1,240. 695 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
Founded11-07-2001
Fiscal year end30-06
Activities, NACEBEL 2025
43230Insulation installation
43221Plumbing work
Scores and ratios are computed by Checked and are not a credit decision.