PVH projects
ActivePVH projects has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.03M and a net result of €942k. Equity is growing by ~30% per year across the filed fiscal years. Its solvency ranks better than 89% of 10345 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
92
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+23
Solvency100▲+25
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180k at 30 days acceptable
Liquidity ample (current ratio 4.78 against 1.99 in 2024; short-term debt: 19.3% and cash: 87.1% of total assets), and 20.3% of the assets are financed with debt.
Credit advice 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
79.7%
Return on assets
37%
Age of the figures
15 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 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
1 d early
2024
25 d early
2023
on the day
2022
19 d early
2021
3 d early
2020
4 d early
2019
4 d early
← before the deadline
after the deadline →
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 close21-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.03M▲ 69.4%
2024 · €1.20M
2019: €420k
2020: €469k
2021: €536k
2022: €664k
2023: €1.04M
2024: €1.20M
2019 → 2025
Total assets
€2.54M▲ 5.9%
2024 · €2.40M
2019: €1.42M
2020: €1.46M
2021: €1.50M
2022: €1.47M
2023: €2.34M
2024: €2.40M
2019 → 2025
Net result
€942k▲ 490%
2024 · €160k
2019: €63k
2020: €49k
2021: €68k
2022: €157k
2023: €374k
2024: €160k
2019 → 2025
Working capital
€1.86M▲ 73.8%
2024 · €1.07M
2019: €73k
2020: €262k
2021: €321k
2022: €518k
2023: €896k
2024: €1.07M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€536k-€664k▲ 23.7%€1.04M▲ 56.4%€1.20M▲ 15.4%€2.03M▲ 69.4%
Operating result€97k-€239k▲ 146%€553k▲ 131%€235k▼ 57.4%€1.38M▲ 485%
Net result€68k-€157k▲ 132%€374k▲ 139%€160k▼ 57.3%€942k▲ 490%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 485% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.54M
Fixed assets
€195k▼ 24.0%
Current assets
€2.35M▲ 9.5%
Equity and liabilities €2.54M
Equity
€2.03M▲ 69.4%
Debt
€516k▼ 57.1%
The debt ratio falls from 50.1% to 20.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.44M▲
2024 · €304k
Cash flow
€1.00M▲
2024 · €228k
Solvency
79.7%▲
2024 · 49.9%
Current ratio
4.78▲
2024 · 1.99
Quick ratio
4.78▲
2024 · 1.99
Debt / equity
0.25▼
2024 · 1.01
ROE
46.4%▲
2024 · 13.3%
ROA
37.0%▲
2024 · 6.7%
Interest coverage
177.60▲
2024 · 58.21
Debt
€516k▼
2024 · €1.20M
Debt ≤ 1 year
€491k▼
2024 · €1.08M
Debt > 1 year
€24k▼
2024 · €128k
Income taxes
€440k▲
2024 · €75k
Staff costs
€122k▲
2024 · €45k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.40M€2.54M▲
Fixed assets21/28€256k€195k▼
Intangible fixed assets21€115k€102k▼
Tangible fixed assets22/27€141k€92k▼
Land and buildings22€59k€47k▼
Plant, machinery and equipment23€82k€45k▼
Financial fixed assets28€80€80=
Current assets29/58€2.15M€2.35M▲
Amounts receivable within one year40/41€418k€69k▼
Trade receivables40€250k€15k▼
Other amounts receivable41€167k€54k▼
Current investments50/53€460k€60k▼
Cash at bank and in hand54/58€1.26M€2.22M▲
Deferred charges and accrued income490/1€5k€5k▼
Equity and liabilities
Total equity and liabilities10/49€2.40M€2.54M▲
Equity10/15€1.20M€2.03M▲
Contributions10/11€19k€19k=
Reserves13€1.18M€2.01M▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€1.18M€2.01M▲
Profit (loss) carried forward14-€0
Amounts payable17/49€1.20M€516k▼
Amounts payable after more than one year17€128k€24k▼
Financial debts170/4€128k€24k▼
Amounts payable within one year42/48€1.08M€491k▼
Current portion of amounts payable after more than one year42€31k€24k▼
Trade debts44€894k€108k▼
Suppliers440/4€894k€108k▼
Taxes, remuneration and social security45€22k€114k▲
Taxes450/3€16k€100k▲
Remuneration and social security454/9€6k€14k▲
Other amounts payable47/48€129k€245k▲
Accrued charges and deferred income492/3-€57
Income statement
Code20242025
Non-recurring operating income76A€4k€0▼
Remuneration, social security and pensions62€45k€122k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€69k€62k▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€352k€1.56M▲
Operating profit (loss)9901€235k€1.38M▲
Financial income75/76B€5k€15k▲
Recurring financial income75€5k€15k▲
Financial charges65/66B€5k€8k▲
Recurring financial charges65€5k€8k▲
Profit (loss) for the period before taxes9903€235k€1.38M▲
Income taxes67/77€75k€440k▲
Profit (loss) for the period9904€160k€942k▲
Profit (loss) for the period to be appropriated9905€160k€942k▲
Appropriation of the result
Profit (loss) to be appropriated9906€160k€942k▲
Transfer from equity791/2-€111k
Transfer to equity691/2€160k€942k▲
To other reserves6921€160k€942k▲
Profit to be distributed694/7-€111k
Return on contributions (dividend)694-€111k
Social balance
Average headcount (FTE)90870.92.8▲
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Highest result since 2019net €942k ▲490%
Operating result €1.38M, net result €942k, both a record.
30-06
Financial
Liquidity doublescurrent ratio 4.78
Current ratio from 1.99 to 4.78; short-term debt falls from €1.08M to €491k.
30-06
Financial
Equity above €2MEq €2.03M ▲69.4%
7 profitable years in a row build equity to €2.03M.
06-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Equity above €1MEq €1.04M ▲56.4%
5 profitable years in a row build equity to €1.04M.
12-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Equity above €500kEq €536k ▲14.4%
3 profitable years in a row build equity to €536k.
27-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Weakest financial yearnet €49k ▼22.5%
Net result drops to €49k, the lowest in the series; recovery starts the following year.
27-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Sint-Gillis-Waas · 1 establishment unit since 2009
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Molenhoekstraat(MD) 29170 Sint-Gillis-WaasGround area
1.1 ha
Building footprint
239 m²
Volume, LiDAR
1,169 m³
Parcel 46005A0652/00G000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Molenhoekstraat(MD) 2, 9170 Sint-Gillis-Waas
since 20092.181.482.983
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46005A0652/00G000 | Flanders | 1.1 ha | 1 · 239 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 1,720 companies in sector 47521 we hold annual accounts for 1,288. 802 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-10-2009
Fiscal year end30-06
Activities, NACEBEL
33200Installation of industrial machinery and equipment
47521Retail sale of hardware, building materials, paint and glass (general range)
43211General electrical installation work
43990Other specialised construction activities
43999Specialised construction activities
46130Agents in the wholesale of timber and building materials
46831Wholesale of construction materials, general range
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:sylvieblommaert@telenet.be