PX
PX has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-220k) and a net result of €-20k. Equity is shrinking by ~39.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 919 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
| Equity | €-220k |
| Net result | €-20k |
| Staff (FTE) | 4.9 |
| Better than sector | 5% |
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -231.4% | 51.9% | |
| Net result | €-20k | €6k | |
| Equity | €-220k | €67k | |
| Gross operating margin | €354k | €31k | |
| Staff costs | €352k | €55k |
Figures by fiscal year and ratios
| Fiscal year | 2025 Δ | 2024 Δ | 2023 Δ | 2022 Δ | 2021 Δ |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | - | - | +40.9% | +55.1% | - |
| Net profit | - | - | +45.6% | +44.4% | - |
| Cash flow | - | - | +42.2% | +52.4% | - |
| Staff costs | -9.6% | -17.4% | -1.2% | +1.3% | - |
| Income taxes | -23.0% | -40.5% | +25.9% | -55.9% | - |
| Dividends | - | - | - | - | - |
| Total assets | -49.4% | -19.6% | +11.2% | -28.9% | - |
| Equity | -9.8% | +16.6% | -29.4% | -117.7% | - |
| Debt | -18.8% | -18.0% | +19.7% | +3.9% | - |
| of which ≤ 1y | -60.0% | +7.6% | +46.7% | -35.8% | - |
| of which > 1y | +91.2% | -50.0% | -2.6% | +111.9% | - |
| Working capital | +67.6% | -102.4% | - | - | - |
| Employees (FTE) | -9.3% | -11.5% | -7.6% | +1.5% | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.68 | 0.60 | 0.79 | 1.01 | 0.99 |
| Quick ratio | 0.68 | 0.60 | 0.79 | 1.00 | 0.97 |
| Working capital ratio | -38.3% | -59.9% | -23.8% | 0.7% | -1.2% |
| Solvency | -231.4% | -106.7% | -102.9% | -88.4% | -28.9% |
| Debt / equity | -1.43 | -1.94 | -1.97 | -2.13 | -4.46 |
| Long-term debt ratio | -0.92 | -0.53 | -0.88 | -1.17 | -1.20 |
| Interest coverage | -0.18 | 4.42 | -5.83 | -5.38 | -9.22 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -20.7% | 21.2% | -23.4% | -47.8% | -61.1% |
| ROE | 8.9% | -19.9% | 22.7% | 54.1% | 211.7% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (26 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €95k | €188k | €234k | €210k | €296k |
| Fixed assets | 21/28 | €19k | €18k | €27k | €30k | €21k |
| Intangible fixed assets | 21 | €4k | - | - | - | - |
| Tangible fixed assets | 22/27 | €10k | €14k | €23k | €30k | €21k |
| Financial fixed assets | 28 | €4k | €4k | €4k | - | - |
| Current assets | 29/58 | €77k | €170k | €207k | €181k | €275k |
| Stocks & contracts in progress | 3 | - | - | - | €2k | €5k |
| Amounts receivable within one year | 40/41 | €69k | €136k | €152k | €136k | €211k |
| Cash & bank | 54/58 | €8k | €34k | €54k | €41k | €57k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €95k | €188k | €234k | €210k | €296k |
| Equity | 10/15 | €-220k | €-201k | €-241k | €-186k | €-85k |
| Contributions / capital | 10/11 | €62k | €62k | €62k | €62k | €62k |
| Reserves | 13 | €6k | €6k | €6k | €6k | €6k |
| Accumulated profits (losses) | 14 | €-289k | €-269k | €-309k | €-254k | €-154k |
| Amounts payable | 17/49 | €316k | €389k | €474k | €396k | €381k |
| Amounts payable after one year | 17 | €203k | €106k | €212k | €217k | €103k |
| Amounts payable within one year | 42/48 | €113k | €283k | €263k | €179k | €279k |
| Trade debts payable within one year | 44 | €6k | €59k | €77k | €51k | €59k |
| Income statement | ||||||
| Gross operating margin | 9900 | €354k | €445k | €441k | €419k | €348k |
| Operating result | 9901 | €-10k | €45k | €-48k | €-88k | €-163k |
| Financial income | 75 | €69 | €7k | €1k | €347 | €5k |
| Financial charges | 65 | €9k | €12k | €7k | €12k | €16k |
| Result before taxes | 9903 | €-19k | €40k | €-54k | €-100k | €-179k |
| Income taxes | 67/77 | €370 | €480 | €806 | €640 | €1k |
| Net result for the period | 9904 | €-20k | €40k | €-55k | €-101k | €-181k |
| Result to be appropriated | 9905 | €-20k | €40k | €-55k | €-101k | €-181k |
| NACE primary | Pre-press and pre-media services(18130) |
| Legal form | Public limited company(014) |
| Incorporation | 25-09-1992 |
| Status | Active |
| Postal code | 2100 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11346B0784/00G002 | Flanders | 1.5 ha | 1 · 6,646 m² | 8.8 m · 2 fl. |
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
08-02-2023 Registered office moved from Borgerhout to Deurne
- Vosstraat 22, 2140 Borgerhout (Antwerpen), België → Luchthavenlei 7A-2100 Deurne
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Luchthavenlei 7A-2100 Deurne",
"city": "Deurne",
"region": "vlaams_gewest",
"street": "Luchthavenlei",
"country": "BE",
"postcode": "2100",
"box_number": null,
"street_number": "7A",
"locality_suffix": null
},
"old_address": {
"raw": "Vosstraat 22, 2140 Borgerhout (Antwerpen), Belgi\u00EB",
"city": "Borgerhout",
"region": "vlaams_gewest",
"street": "Vosstraat",
"country": "BE",
"postcode": "2140",
"box_number": null,
"street_number": "22",
"locality_suffix": "(Antwerpen)"
},
"effective_date": "2023-01-01",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": null,
"filing_date": "2023-01-26",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2022-12-15",
"unanimous": null
},
"subject_company": {
"kbo": "0448.317.172",
"name_full": "PX",
"legal_form": "NV",
"_kbo_filled_from_list": true
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Van der Heyden Dirk",
"org_rep_person_name": null,
"person_role_at_subject": "Afgevaardigde bestuurder"
},
"co_filed_documents": [
"bij het Belgisch Staatsblad"
]
}| Legal nameEN | PX |