PYCM
ActiveSummary
PYCM has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12,105 and a net result of €88,561. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency30▼-59
Growth58▼-20
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.88 against 2.44 in 2024; short-term debt: 81% and cash: 67.5% of total assets), and 95.2% of the assets are financed with debt.
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Signals
Six 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
4.8%
Return on assets
35%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 9494 sector peers (2025).
NBB · sector comparisonPosition among 9494 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
17 d early
2024
13 d early
2023
36 d early
2022
18 d early
2021
26 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€12,105▼ 87.1%
2024 · €93,543
Total assets
€253,117▲ 73.0%
2024 · €146,282
Net result
€88,561▲ 6.3%
2024 · €83,314
Working capital
-€25,231
2024 · €75,780
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€58,180-€69,615▲ 19.7%€86,328▲ 24.0%€108,682▲ 25.9%€97,131▼ 10.6%
Net result€44,099-€52,870▲ 19.9%€66,021▲ 24.9%€83,314▲ 26.2%€88,561▲ 6.3%
Equity€46,599-€97,869▲ 110%€163,059▲ 66.6%€93,543▼ 42.6%€12,105▼ 87.1%
Total assets€104,533-€165,429▲ 58.3%€235,540▲ 42.4%€146,282▼ 37.9%€253,117▲ 73.0%
Debt€57,934-€67,560▲ 16.6%€72,480▲ 7.3%€52,739▼ 27.2%€241,013▲ 357%
Working capital€41,949-€83,224▲ 98.4%€143,709▲ 72.7%€75,780▼ 47.3%-€25,231
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 11% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €253,117
Fixed assets
€73,259 ▲ 311%
Current assets
€179,859 ▲ 40.0%
Equity and liabilities €253,117
Equity
€12,105 ▼ 87.1%
Debt
€241,013 ▲ 357%
Debt's share of the balance-sheet total rises from 36.1% to 95.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€112,862▲
2024 · €112,402
Cash flow
€104,292▲
2024 · €87,034
Current ratio
0.88▼
2024 · 2.44
Debt to equity
19.91▲
2024 · 0.56
ROE
731.6%▲
2024 · 89.1%
ROA
35.0%▼
2024 · 57.0%
Interest coverage
64.73▼
2024 · 517.13
Debt ≤ 1 year
€205,090▲
2024 · €52,691
Debt > 1 year
€35,923▲
2024 · €0
Income taxes
€25,307▲
2024 · €25,151
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,546 | €12,558 | €14,978 | €3,720 | €15,731 | ▲ 323% |
| Other operating charges640/8 | €1,617 | €736 | €984 | €1,498 | €1,373 | ▼ 8.3% |
| Non-recurring operating charges66A | - | - | €455 | €0 | - | - |
| Gross operating margin9900 | €71,343 | €82,909 | €102,746 | €113,900 | €114,235 | ▲ 0.3% |
| Operating profit (loss)9901 | €58,180 | €69,615 | €86,328 | €108,682 | €97,131 | ▼ 10.6% |
| Financial income75/76B | - | €1 | €0 | - | €18,481 | - |
| Recurring financial income75 | - | €1 | €0 | - | €1,952 | - |
| Non-recurring financial income76B | - | - | - | - | €16,529 | - |
| Financial charges65/66B | €496 | €364 | €246 | €217 | €1,744 | ▲ 702% |
| Recurring financial charges65 | €496 | €364 | €246 | €217 | €1,744 | ▲ 702% |
| Profit (loss) for the period before taxes9903 | €57,684 | €69,252 | €86,082 | €108,465 | €113,869 | ▲ 5.0% |
| Income taxes67/77 | €13,585 | €16,382 | €20,061 | €25,151 | €25,307 | ▲ 0.6% |
| Profit (loss) for the period9904 | €44,099 | €52,870 | €66,021 | €83,314 | €88,561 | ▲ 6.3% |
| Profit (loss) for the period to be appropriated9905 | €44,099 | €52,870 | €66,021 | €83,314 | €88,561 | ▲ 6.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €104,533 | €165,429 | €235,540 | €146,282 | €253,117 | ▲ 73.0% |
| Fixed assets21/28 | €23,674 | €25,295 | €21,531 | €17,811 | €73,259 | ▲ 311% |
| Tangible fixed assets22/27 | €23,674 | €23,795 | €20,031 | €16,311 | €71,759 | ▲ 340% |
| Furniture and vehicles24 | €23,674 | €15,910 | €3,124 | €1,261 | €58,567 | ▲ 4,543% |
| Other tangible fixed assets26 | - | €7,885 | €16,908 | €15,050 | €13,192 | ▼ 12.3% |
| Financial fixed assets28 | - | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Current assets29/58 | €80,859 | €140,133 | €214,009 | €128,471 | €179,859 | ▲ 40.0% |
| Amounts receivable within one year40/41 | €12,666 | €12,455 | €27,965 | €0 | €4,160 | - |
| Trade receivables40 | €12,666 | €0 | €965 | €0 | - | - |
| Other amounts receivable41 | - | €12,455 | €27,000 | €0 | €4,160 | - |
| Current investments50/53 | - | - | - | €50,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €67,547 | €127,635 | €183,174 | €74,086 | €170,955 | ▲ 131% |
| Deferred charges and accrued income490/1 | €646 | €43 | €2,869 | €4,385 | €4,744 | ▲ 8.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €104,533 | €165,429 | €235,540 | €146,282 | €253,117 | ▲ 73.0% |
| Equity10/15 | €46,599 | €97,869 | €163,059 | €93,543 | €12,105 | ▼ 87.1% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | €44,099 | €95,369 | €160,559 | €91,043 | €9,605 | ▼ 89.5% |
| Amounts payable17/49 | €57,934 | €67,560 | €72,480 | €52,739 | €241,013 | ▲ 357% |
| Amounts payable after more than one year17 | €18,976 | €10,603 | €2,133 | €0 | €35,923 | - |
| Financial debts170/4 | €18,976 | €10,603 | €2,133 | €0 | €35,923 | - |
| Amounts payable within one year42/48 | €38,910 | €56,909 | €70,300 | €52,691 | €205,090 | ▲ 289% |
| Current portion of amounts payable after more than one year42 | €8,278 | €8,373 | €8,470 | €2,133 | €10,555 | ▲ 395% |
| Trade debts44 | €62 | €611 | €5,520 | €5,605 | €3,399 | ▼ 39.4% |
| Suppliers440/4 | €62 | €611 | €5,520 | €5,605 | €3,399 | ▼ 39.4% |
| Taxes, remuneration and social security45 | €30,320 | €46,710 | €55,064 | €43,729 | €21,136 | ▼ 51.7% |
| Taxes450/3 | €27,570 | €43,795 | €52,084 | €40,769 | €21,136 | ▼ 48.2% |
| Remuneration and social security454/9 | €2,750 | €2,915 | €2,980 | €2,960 | €0 | ▼ 100% |
| Other amounts payable47/48 | €250 | €1,215 | €1,245 | €1,224 | €170,000 | ▲ 13,788% |
| Accrued charges and deferred income492/3 | €48 | €48 | €48 | €48 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44,099 | €52,870 | €66,021 | €83,314 | €88,561 | ▲ 6.3% |
| + Depreciation and write-downs630 | €11,546 | €12,558 | €14,978 | €3,720 | €15,731 | ▲ 323% |
| Operating cash flow (approximation) | €55,645 | €65,428 | €80,999 | €87,034 | €104,292 | ▲ 19.8% |
| Investment in fixed assets (approximation) | - | -€14,179 | -€11,214 | €0 | -€71,179 | - |
| Change in cash | - | €60,089 | €55,539 | -€109,088 | €96,869 | ▲ 189% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €88,561 ▲6.3%
Net result €88,561, the highest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150,000Eq €163,059 ▲66.6%
3 profitable years in a row build equity to €163,059.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Ath · 1 establishment unit since 2020
Ground area
584 m²
Building footprint
110 m²
Volume, LiDAR
1,091 m³
Parcel 51004A0452/00Y007, Wallonia · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
PYCM
since 20202.312.451.096
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51004A0452/00Y007 | Wallonia | 584 m² | 1 · 110 m² | 12.4 m · 3 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 11,571 companies in sector 71121 we hold annual accounts for 6,563. 3,234 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
Founded21-12-2020
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
Scores and ratios are computed by Checked and are not a credit decision.