PVR Management
ActiveSummary
PVR Management has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4.3m and a net result of -€1.1m. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 85% of 8111 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-36
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €270,000 at 30 days acceptable
short-term debt: 0.1% and cash: 0% of total assets, and 10.5% of the assets are financed with debt.
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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 · 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
89.5%
Return on assets
-22.7%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€1.1m
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-09-2025, 41 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
41 d late
2023
27 d late
2022
31 d late
2021
31 d late
2020
92 d late
2019
28 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 32 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€4.3m▼ 20.2%
2023 · €5.3m
Total assets
€4.8m▼ 18.0%
2023 · €5.8m
Net result
-€1.1m▼ 4,081%
2023 · -€25,785
Working capital
€527,048▼ 66.5%
2023 · €1.6m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line20202021202220232024
Operating result-€8,778▼ 21.8%-€7,770▲ 11.5%-€12,825▼ 65.1%-€123▲ 99.0%-€1.0m▼ 846,683%
Net result-€59,790below the sector's middle half-€29,314below the sector's middle half▲ 51.0%€2.0mabove the sector's middle half-€25,785below the sector's middle half-€1.1mbelow the sector's middle half▼ 4,081%
Equity€3.4mabove the sector's middle half▼ 1.7%€3.4mabove the sector's middle half▼ 0.9%€5.4mabove the sector's middle half▲ 57.7%€5.3mabove the sector's middle half▼ 0.5%€4.3mabove the sector's middle half▼ 20.2%
Total assets€5.7mabove the sector's middle half▼ 10.1%€5.8mabove the sector's middle half▲ 2.4%€7.2mabove the sector's middle half▲ 23.6%€5.8mabove the sector's middle half▼ 19.6%€4.8mabove the sector's middle half▼ 18.0%
Debt€2.3m▼ 20.3%€2.4m▲ 7.4%€1.9m▼ 24.1%€466,604▼ 74.8%€501,168▲ 7.4%
Working capital-€321,135below the sector's middle half-€349,015below the sector's middle half▼ 8.7%€1.8mabove the sector's middle half€1.6mabove the sector's middle half▼ 11.5%€527,048above the sector's middle half▼ 66.5%
Solvency60.2%within the sector's middle half▲ 5.1pp58.2%within the sector's middle half▼ 1.9pp74.3%within the sector's middle half▲ 16.1pp92.0%above the sector's middle half▲ 17.6pp89.5%above the sector's middle half▼ 2.5pp
Current ratio0.82within the sector's middle half▼ 0.310.82within the sector's middle half=2.47within the sector's middle half▲ 1.65
Return on assets (ROA)-1.0%below the sector's middle half▼ 3.6pp-0.5%below the sector's middle half▲ 0.5pp27.2%within the sector's middle half▲ 27.7pp-0.4%below the sector's middle half▼ 27.6pp-22.7%below the sector's middle half▼ 22.2pp
Staff (FTE)0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2024 Net result -4,081% on 2023. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.0m in 2024 against €123 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.8m
Fixed assets
€4.2m =
Current assets
€529,791 ▼ 66.3%
Equity and liabilities €4.8m
Equity
€4.3m ▼ 20.2%
Debt
€501,168 ▲ 7.4%
Debt's share of the balance-sheet total rises from 8.0% to 10.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€1.0m
Cash flow
-€1.1m
Debt to equity
0.12▲
2023 · 0.09
ROE
-25.3%▼
2023 · -0.5%
Interest coverage
-29.56
Debt ≤ 1 year
€2,743▲
2023 · €0
Debt > 1 year
€437,585▼
2023 · €440,995
A ratio outside any meaningful range has been withheld (balance sheet total €4.8m, equity €4.3m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €153 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €1.0m | - |
| Other operating charges640/8 | - | €455 | €7,128 | €109 | €2,046 | ▲ 1,777% |
| Gross operating margin9900 | -€7,664 | -€7,315 | -€5,698 | -€14 | -€1,626 | ▼ 11,394% |
| Operating profit (loss)9901 | -€8,778 | -€7,770 | -€12,825 | -€123 | -€1.0m | ▼ 846,683% |
| Financial income75/76B | - | - | €2.0m | €0 | - | - |
| Recurring financial income75 | - | - | €2.0m | €0 | - | - |
| Financial charges65/66B | - | €21,544 | €22,379 | €25,662 | €35,275 | ▲ 37.5% |
| Recurring financial charges65 | €51,012 | €21,544 | €22,379 | €25,662 | €35,275 | ▲ 37.5% |
| Profit (loss) for the period before taxes9903 | -€59,790 | -€29,314 | €2.0m | -€25,785 | -€1.1m | ▼ 4,081% |
| Profit (loss) for the period9904 | -€59,790 | -€29,314 | €2.0m | -€25,785 | -€1.1m | ▼ 4,081% |
| Profit (loss) for the period to be appropriated9905 | -€59,790 | -€29,314 | €2.0m | -€25,785 | -€1.1m | ▼ 4,081% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.7m | €5.8m | €7.2m | €5.8m | €4.8m | ▼ 18.0% |
| Fixed assets21/28 | €4.2m | €4.2m | €4.2m | €4.2m | €4.2m | = |
| Tangible fixed assets22/27 | - | - | - | - | €1,057 | - |
| Furniture and vehicles24 | - | - | - | - | €1,057 | - |
| Financial fixed assets28 | €4.2m | €4.2m | €4.2m | €4.2m | €4.2m | = |
| Current assets29/58 | €1.5m | €1.6m | €3.0m | €1.6m | €529,791 | ▼ 66.3% |
| Amounts receivable within one year40/41 | €609,124 | €1.1m | €2.8m | €1.6m | €529,703 | ▼ 66.1% |
| Other amounts receivable41 | - | €1.1m | €2.8m | €1.6m | €529,703 | ▼ 66.1% |
| Cash at bank and in hand54/58 | €862,191 | €513,597 | €161,633 | €9,697 | €88 | ▼ 99.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.7m | €5.8m | €7.2m | €5.8m | €4.8m | ▼ 18.0% |
| Equity10/15 | €3.4m | €3.4m | €5.4m | €5.3m | €4.3m | ▼ 20.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | - | - | - | - |
| Issued capital100 | - | €18,600 | - | - | - | - |
| Reserves13 | €3.4m | €3.4m | €5.3m | €5.3m | €4.2m | ▼ 20.3% |
| Non-distributable reserves130/1 | - | €344,100 | €344,100 | €344,100 | €344,100 | = |
| Legal reserve130 | - | €344,100 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €0 | - | - | - |
| Other1319 | - | - | €344,100 | €344,100 | €344,100 | = |
| Distributable reserves133 | - | €3.0m | €5.0m | €5.0m | €3.9m | ▼ 21.7% |
| Amounts payable17/49 | €2.3m | €2.4m | €1.9m | €466,604 | €501,168 | ▲ 7.4% |
| Amounts payable after more than one year17 | €448,693 | €461,700 | €623,385 | €440,995 | €437,585 | ▼ 0.8% |
| Financial debts170/4 | - | €461,700 | €623,385 | €440,995 | €437,585 | ▼ 0.8% |
| Amounts payable within one year42/48 | €1.8m | €2.0m | €1.2m | €0 | €2,743 | - |
| Financial debts43 | - | - | €13 | €0 | - | - |
| Credit institutions430/8 | - | - | €13 | €0 | - | - |
| Trade debts44 | €5,618 | €23 | €0 | - | €194 | - |
| Suppliers440/4 | - | €23 | €0 | - | €194 | - |
| Taxes, remuneration and social security45 | - | - | - | - | €210 | - |
| Taxes450/3 | - | - | - | - | €210 | - |
| Other amounts payable47/48 | - | €2.0m | €1.2m | - | €2,340 | - |
| Accrued charges and deferred income492/3 | - | €18,526 | €22,247 | €25,608 | €60,839 | ▲ 138% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€59,790 | -€29,314 | €2.0m | -€25,785 | -€1.1m | ▼ 4,081% |
| + Depreciation and write-downs630 | - | - | - | - | €153 | - |
| Operating cash flow (approximation) | -€59,790 | -€29,314 | €2.0m | -€25,785 | -€1.1m | ▼ 4,080% |
| Investment in fixed assets (approximation) | - | -€1 | €1 | €0 | -€1,210 | - |
| Change in cash | - | -€348,594 | -€351,964 | -€151,936 | -€9,609 | ▲ 93.7% |
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
2026
06-08
State Gazette act
General meeting · Director resignation
Director discharge
2025
10-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 41 days late
2024
31-12
Financial
Weakest financial yearnet -€1.1m
Net result drops to -€1.1m, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €2.0m
Net result €2.0m after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 2.47
Current ratio from 0.82 to 2.47; short-term debt falls from €2.0m to €1.2m.
31-12
Financial
Equity above €5mEq €5.4m ▲57.7%
Equity rises from €3.4m to €5.4m.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 92 days late
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
20-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Knokke-Heist · 1 establishment unit since 2011
Ground area
1,039 m²
Building footprint
392 m²
Volume, LiDAR
4,995 m³
Parcel 31332E1006/00A000, Flanders · tallest building 17.5 m, ±5 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
PVR Management
since 20112.268.429.726
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31332E1006/00A000 | Flanders | 1,039 m² | 1 · 392 m² | 17.4 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.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 2
-
99.99%
-
99.83%
According to the 2024 annual accounts of PVR Management and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 82,641 companies in sector 70200 we hold annual accounts for 52,636. 12,606 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)
Founded04-03-2011
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0834443191
Also
9925:BE0834443191
Registered
28-05-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.