PVM DISTRIBUTION
ActiveSummary
PVM DISTRIBUTION has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€60,540) and a net result of -€10,509. Equity is shrinking by ~42.9% per year across the filed fiscal years. Its solvency ranks better than 8% of 26049 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.81 against 1.07 in 2023; short-term debt: 112.4% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-141.3%
Return on assets
-24.5%
Age of the figures
21 mo
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
Retail trade (NACE 47)
about 45% 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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€60,540
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
34 d early
2022
38 d early
2021
33 d early
2020
33 d early
2019
32 d early
← 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 34 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€60,540▼ 21.0%
2023 · -€50,030
Total assets
€42,846▼ 29.4%
2023 · €60,725
Net result
-€10,509▲ 30.1%
2023 · -€15,025
Working capital
-€9,131
2023 · €3,752
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20202021202220232024
Operating result-€38,125-€4,970▲ 87.0%-€28,928▼ 482%-€16,979▲ 41.3%-€11,855▲ 30.2%
Net result-€34,853below the sector's middle half-€5,020below the sector's middle half▲ 85.6%-€27,871below the sector's middle half▼ 455%-€15,025below the sector's middle half▲ 46.1%-€10,509below the sector's middle half▲ 30.1%
Equity€31,485within the sector's middle half▼ 52.6%-€7,134below the sector's middle half-€35,005below the sector's middle half▼ 391%-€50,030below the sector's middle half▼ 42.9%-€60,540below the sector's middle half▼ 21.0%
Total assets€122,494within the sector's middle half▼ 22.3%€79,631within the sector's middle half▼ 35.0%€70,096within the sector's middle half▼ 12.0%€60,725within the sector's middle half▼ 13.4%€42,846below the sector's middle half▼ 29.4%
Debt€91,009▼ 0.2%€86,765▼ 4.7%€105,102▲ 21.1%€110,755▲ 5.4%€103,386▼ 6.7%
Working capital€93,976above the sector's middle half▼ 26.5%€31,873within the sector's middle half▼ 66.1%€24,990within the sector's middle half▼ 21.6%€3,752within the sector's middle half▼ 85.0%-€9,131within the sector's middle half
Solvency25.7%within the sector's middle half▼ 16.5pp-9.0%below the sector's middle half▼ 34.7pp-49.9%below the sector's middle half▼ 41.0pp-82.4%below the sector's middle half▼ 32.4pp-141.3%below the sector's middle half▼ 58.9pp
Current ratio5.86above the sector's middle half▼ 2.111.78within the sector's middle half▼ 4.081.62within the sector's middle half▼ 0.161.07within the sector's middle half▼ 0.550.81below the sector's middle half▼ 0.26
Return on assets (ROA)-28.5%below the sector's middle half▼ 38.7pp-6.3%below the sector's middle half▲ 22.1pp-39.8%below the sector's middle half▼ 33.5pp-24.7%below the sector's middle half▲ 15.0pp-24.5%below the sector's middle half▲ 0.2pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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 stays negative: a loss of €11,855 in 2024 against €16,979 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €42,846
Fixed assets
€3,825 ▼ 10.7%
Current assets
€39,021 ▼ 30.9%
Key figures and ratios
EBITDA
-€11,398▲
2023 · -€16,416
Cash flow
-€10,053▲
2023 · -€14,461
Quick ratio
0.12▼
2023 · 0.42
Debt to equity
-1.71▲
2023 · -2.21
Interest coverage
-4.41▲
2023 · -7.25
Debt ≤ 1 year
€48,152▼
2023 · €52,692
Debt > 1 year
€53,980▼
2023 · €56,297
Income taxes
€239▼
2023 · €365
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.8%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% over twelve months; the group does not contradict it.
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 6,639 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €16,882 | €436 | €24 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,273 | €2,273 | €2,044 | €564 | €457 | ▼ 19.0% |
| Other operating charges640/8 | - | €780 | €977 | €1,356 | €939 | ▼ 30.8% |
| Gross operating margin9900 | -€33,218 | -€1,917 | -€25,906 | -€15,059 | -€10,459 | ▲ 30.5% |
| Operating profit (loss)9901 | -€38,125 | -€4,970 | -€28,928 | -€16,979 | -€11,855 | ▲ 30.2% |
| Financial income75/76B | - | €4,335 | €4,389 | €4,583 | €4,171 | ▼ 9.0% |
| Recurring financial income75 | €6,533 | €4,335 | €4,389 | €4,583 | €4,171 | ▼ 9.0% |
| Financial charges65/66B | - | €4,044 | €2,980 | €2,263 | €2,587 | ▲ 14.3% |
| Recurring financial charges65 | €3,028 | €4,044 | €2,980 | €2,263 | €2,587 | ▲ 14.3% |
| Profit (loss) for the period before taxes9903 | -€34,620 | -€4,678 | -€27,519 | -€14,660 | -€10,271 | ▲ 29.9% |
| Income taxes67/77 | €233 | €342 | €352 | €365 | €239 | ▼ 34.6% |
| Profit (loss) for the period9904 | -€34,853 | -€5,020 | -€27,871 | -€15,025 | -€10,509 | ▲ 30.1% |
| Profit (loss) for the period to be appropriated9905 | -€34,853 | -€5,020 | -€27,871 | -€15,025 | -€10,509 | ▲ 30.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €122,494 | €79,631 | €70,096 | €60,725 | €42,846 | ▼ 29.4% |
| Fixed assets21/28 | €9,163 | €6,890 | €4,845 | €4,282 | €3,825 | ▼ 10.7% |
| Tangible fixed assets22/27 | €7,621 | €5,348 | €3,303 | €2,740 | €2,283 | ▼ 16.7% |
| Land and buildings22 | - | €3,653 | €3,196 | €2,740 | €2,283 | ▼ 16.7% |
| Plant, machinery and equipment23 | - | €215 | €107 | - | - | - |
| Leasing and similar rights25 | - | €1,481 | - | - | - | - |
| Financial fixed assets28 | €1,542 | €1,542 | €1,542 | €1,542 | €1,542 | = |
| Current assets29/58 | €113,331 | €72,741 | €65,251 | €56,444 | €39,021 | ▼ 30.9% |
| Stocks and contracts in progress3 | €56,462 | €50,706 | €40,274 | €34,564 | €33,008 | ▼ 4.5% |
| Stocks30/36 | - | €50,706 | €40,274 | €34,564 | €33,008 | ▼ 4.5% |
| Amounts receivable within one year40/41 | €54,908 | €17,714 | €18,572 | €17,531 | €2,926 | ▼ 83.3% |
| Trade receivables40 | - | €17,326 | €18,572 | €17,531 | €2,768 | ▼ 84.2% |
| Other amounts receivable41 | - | €388 | - | - | €158 | - |
| Cash at bank and in hand54/58 | €174 | €5 | €0 | €4 | - | - |
| Deferred charges and accrued income490/1 | - | €4,316 | €6,405 | €4,345 | €3,087 | ▼ 29.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €122,494 | €79,631 | €70,096 | €60,725 | €42,846 | ▼ 29.4% |
| Equity10/15 | €31,485 | -€7,134 | -€35,005 | -€50,030 | -€60,540 | ▼ 21.0% |
| Reserves13 | €74,250 | €74,250 | €74,250 | €74,250 | €74,250 | = |
| Distributable reserves133 | - | €74,250 | €74,250 | €74,250 | €74,250 | = |
| Profit (loss) carried forward14 | -€76,365 | -€81,385 | -€109,256 | -€124,280 | -€134,790 | ▼ 8.5% |
| Amounts payable17/49 | €91,009 | €86,765 | €105,102 | €110,755 | €103,386 | ▼ 6.7% |
| Amounts payable after more than one year17 | €63,010 | €45,897 | €61,647 | €56,297 | €53,980 | ▼ 4.1% |
| Financial debts170/4 | - | €45,897 | €61,647 | €56,297 | €53,980 | ▼ 4.1% |
| Amounts payable within one year42/48 | €19,355 | €40,868 | €40,260 | €52,692 | €48,152 | ▼ 8.6% |
| Current portion of amounts payable after more than one year42 | - | €1,425 | - | - | - | - |
| Financial debts43 | - | €4,690 | €4,695 | €4,251 | €4,911 | ▲ 15.5% |
| Credit institutions430/8 | - | €4,690 | €4,695 | €4,251 | €4,911 | ▲ 15.5% |
| Trade debts44 | €12,865 | €28,778 | €20,191 | €16,012 | €10,760 | ▼ 32.8% |
| Suppliers440/4 | - | €28,778 | €20,191 | €16,012 | €10,760 | ▼ 32.8% |
| Advances received on contracts in progress46 | - | €306 | - | - | €138 | - |
| Taxes, remuneration and social security45 | - | €1,050 | €1,004 | €723 | €713 | ▼ 1.4% |
| Taxes450/3 | - | €650 | €1,004 | €723 | €604 | ▼ 16.4% |
| Remuneration and social security454/9 | - | €400 | - | - | €108 | - |
| Other amounts payable47/48 | - | €4,619 | €14,370 | €31,706 | €31,631 | ▼ 0.2% |
| Accrued charges and deferred income492/3 | - | - | €3,194 | €1,767 | €1,253 | ▼ 29.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€34,853 | -€5,020 | -€27,871 | -€15,025 | -€10,509 | ▲ 30.1% |
| + Depreciation and write-downs630 | €2,273 | €2,273 | €2,044 | €564 | €457 | ▼ 19.0% |
| Operating cash flow (approximation) | -€32,580 | -€2,747 | -€25,826 | -€14,461 | -€10,053 | ▲ 30.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€169 | -€5 | €3 | - | - |
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
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€34,853
Net result drops to -€34,853, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €16,218
Net result €16,218 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 7.97
Current ratio from 3.57 to 7.97; short-term debt falls from €45,646 to €18,338.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
14-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
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, Tongeren-Borgloon · 1 establishment unit since 2006
Ground area
1,178 m²
Building footprint
124 m²
Volume, LiDAR
574 m³
Parcel 73347A0051/00V010, Flanders · tallest building 6.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
P.V.M. Distribution BVBA
since 20062.151.778.318
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73347A0051/00V010 | Flanders | 1,178 m² | 1 · 124 m² | 6.8 m · 1 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 2,102 companies in sector 47640 we hold annual accounts for 907. 663 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
Founded22-12-2005
Fiscal year end31-12
Activities, NACEBEL 2025
47640Retail sale of games and toys
46497Wholesale trade
47721Retail sale of footwear
E-invoicing
Reachable via Peppol
Peppol ID
0208:0878523258
Also
9925:BE0878523258
Registered
29-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.