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pylyser projects

Active
Private limited company (pre-2019)founded 2002active for 24 yearsDe Kalkaart 40, 8430 Middelkerke, BelgiumKBO/BCE: BE 0477.118.947
Summary

pylyser projects has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €18,995 and a net result of -€2,561. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2026, micro format

Turnover
≈ €100,000
Estimated: probably between €45,000 and €240,000
Total assets
€560,465▼ 3.7%
2025 · €582,246
Net result
-€2,561▼ 42.9%
2025 · -€1,792
Working capital
-€236,384▼ 1.2%
2025 · -€233,525
Trend over the years

2022 to 2026, 5 financial years 2019 to 2026, 8 financial years

The operating result turns negative in 2026: a loss of €784 after €776 in 2025, the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€0.001m 2026 Net result-€0.003m 2026

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20192020202120222023202420252026
Operating result€0.01m--€0.004m€0.003m€0.03m▲ 928%€0.001m▼ 97.4%€117▼ 86.9%€0.001m▲ 564%-€0.001m
Net result€0.01m--€0.005m€199€0.03m▲ 159×-€0.002m-€0.003m▼ 31.8%-€0.002m▲ 31.8%-€0.003m▼ 42.9%
Equity€0.001m--€0.004m-€0.004m▲ 5.1%€0.03m€0.03m▼ 7.1%€0.02m▼ 10.1%€0.02m▼ 7.7%€0.02m▼ 11.9%
Total assets€0.3m-€0.9m▲ 168%€0.9m▼ 1.8%€1.1m▲ 25.8%€1.1m▼ 2.4%€0.6m▼ 45.4%€0.6m▼ 2.4%€0.6m▼ 3.7%
Debt€0.3m-€0.9m▲ 169%€0.9m▼ 1.8%€1.1m▲ 22.1%€1.1m▼ 2.2%€0.6m▼ 46.2%€0.6m▼ 2.2%€0.5m▼ 3.4%
Working capital-€0.3m--€0.3m▼ 7.8%-€0.3m▼ 1.0%-€0.2m▲ 38.6%-€0.2m▼ 6.9%-€0.2m▼ 1.3%-€0.2m▼ 0.9%-€0.2m▼ 1.2%
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €560,465
Fixed assets €414,754 ▼ 2.9%
Current assets €145,712 ▼ 6.2%
Equity and liabilities €560,465
Equity €18,995 ▼ 11.9%
Debt €541,470 ▼ 3.4%
Debt's share of the balance-sheet total rises from 96.3% to 96.6%. Equity and debt are lower.
Key figures and ratios
2026 value · change against 2025
EBITDA
€11,419▼
2025 · €12,978
Cash flow
€9,641▼
2025 · €10,410
Current ratio
0.38▼
2025 · 0.40
Debt to equity
28.51▲
2025 · 26.01
ROE
-13.5%▼
2025 · -8.3%
ROA
-0.5%▼
2025 · -0.3%
Interest coverage
4.64▼
2025 · 4.96
Debt ≤ 1 year
€382,096▼
2025 · €388,816
Debt > 1 year
€159,375▼
2025 · €171,875
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,104 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 94.3% are still going.

  • Small
  • 20 years or older
  • solvency under 10%
  • a small loss
1.8% went bankrupt
3.5% stopped otherwise
94.3% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 1,104 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
Filed annual accounts As filed with the NBB · 2026 against 2025 · 35 lines
Balance sheet Code20252026
Assets
Total assets20/58€582,246€560,465▼
Fixed assets21/28€426,956€414,754▼
Tangible fixed assets22/27€426,956€414,754▼
Land and buildings22€426,956€414,754▼
Current assets29/58€155,291€145,712▼
Amounts receivable within one year40/41-€205
Other amounts receivable41-€205
Cash at bank and in hand54/58€155,291€145,506▼
Equity and liabilities
Total equity and liabilities10/49€582,246€560,465▼
Equity10/15€21,556€18,995▼
Contributions10/11€11,667€11,667=
Reserves13€2,184€2,184=
Non-distributable reserves130/1€2,000€2,000=
Reserves not available under the articles1311€2,000€2,000=
Tax-exempt reserves132€184€184=
Profit (loss) carried forward14€7,705€5,144▼
Amounts payable17/49€560,690€541,470▼
Amounts payable after more than one year17€171,875€159,375▼
Financial debts170/4€171,875€159,375▼
Amounts payable within one year42/48€388,816€382,096▼
Current portion of amounts payable after more than one year42€12,500€12,500=
Other amounts payable47/48€376,316€369,596▼
Income statement Code20252026
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,202€12,202=
Other operating charges640/8€1,529€1,520▼
Gross operating margin9900€14,507€12,939▼
Operating profit (loss)9901€776-€784▼
Financial income75/76B€48€684▲
Recurring financial income75€48€684▲
Financial charges65/66B€2,616€2,462▼
Recurring financial charges65€2,616€2,462▼
Profit (loss) for the period before taxes9903-€1,792-€2,561▼
Profit (loss) for the period9904-€1,792-€2,561▼
Profit (loss) for the period to be appropriated9905-€1,792-€2,561▼
Appropriation of the result
Profit (loss) to be appropriated9906€7,705€5,144▼
Profit (loss) brought forward from the previous period14P€9,498€7,705▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20192020202120222023202420252026Change
Non-recurring operating income76A---€34,820-----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630--€12,167€12,202€12,202€12,202€12,202€12,202=
Other operating charges640/8---€1,275€1,303€1,445€1,529€1,520▼ 0.6%
Non-recurring operating charges66A---€118-----
Gross operating margin9900€10,926-€1,151€16,518€48,332€14,395€13,765€14,507€12,939▼ 10.8%
Operating profit (loss)9901€10,210-€3,836€3,380€34,736€890€117€776-€784-
Financial income75/76B-----€1€48€684▲ 14×
Recurring financial income75-€1,043---€1€48€684▲ 14×
Financial charges65/66B---€3,040€2,884€2,745€2,616€2,462▼ 5.9%
Recurring financial charges65€18€1,751€3,181€3,040€2,884€2,745€2,616€2,462▼ 5.9%
Profit (loss) for the period before taxes9903€10,192-€4,543€199€31,697-€1,994-€2,627-€1,792-€2,561▼ 42.9%
Income taxes67/77-----€0---
Profit (loss) for the period9904€10,192-€4,543€199€31,697-€1,994-€2,628-€1,792-€2,561▼ 42.9%
Profit (loss) for the period to be appropriated9905€10,192-€4,543€199€31,697-€1,994-€2,628-€1,792-€2,561▼ 42.9%
Line20192020202120222023202420252026Change
Assets
Total assets20/58€0.3m€0.9m€0.9m€1.1m€1.1m€0.6m€0.6m€0.6m▼ 3.7%
Fixed assets21/28€0.3m€0.6m€0.6m€0.5m€0.5m€0.4m€0.4m€0.4m▼ 2.9%
Tangible fixed assets22/27€0.3m€0.6m€0.6m€0.5m€0.5m€0.4m€0.4m€0.4m▼ 2.9%
Land and buildings22---€0.5m€0.5m€0.4m€0.4m€0.4m▼ 2.9%
Current assets29/58€0.02m€0.3m€0.3m€0.7m€0.6m€0.2m€0.2m€0.1m▼ 6.2%
Amounts receivable within one year40/41€0.01m€0.2m€0.3m€0.6m€0.6m--€205-
Trade receivables40---€0.01m-----
Other amounts receivable41---€0.6m€0.6m--€205-
Cash at bank and in hand54/58€0.004m€0.1m€0.06m€0.02m€0.02m€0.2m€0.2m€0.1m▼ 6.3%
Equity and liabilities
Total equity and liabilities10/49€0.3m€0.9m€0.9m€1.1m€1.1m€0.6m€0.6m€0.6m▼ 3.7%
Equity10/15€0.001m-€0.004m-€0.004m€0.03m€0.03m€0.02m€0.02m€0.02m▼ 11.9%
Contributions10/11€0.01m--€0.01m€0.01m€0.01m€0.01m€0.01m=
Reserves13€0.002m€0.002m€0.002m€0.002m€0.002m€0.002m€0.002m€0.002m=
Non-distributable reserves130/1---€0.002m€0.002m€0.002m€0.002m€0.002m=
Reserves not available under the articles1311---€0.002m€0.002m€0.002m€0.002m€0.002m=
Tax-exempt reserves132---€184€184€184€184€184=
Profit (loss) carried forward14-€0.01m-€0.02m-€0.02m€0.01m€0.01m€0.009m€0.008m€0.005m▼ 33.2%
Amounts payable17/49€0.3m€0.9m€0.9m€1.1m€1.1m€0.6m€0.6m€0.5m▼ 3.4%
Amounts payable after more than one year17-€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m▼ 7.3%
Financial debts170/4---€0.2m€0.2m€0.2m€0.2m€0.2m▼ 7.3%
Amounts payable within one year42/48€0.3m€0.7m€0.7m€0.9m€0.9m€0.4m€0.4m€0.4m▼ 1.7%
Current portion of amounts payable after more than one year42----€0.01m€0.01m€0.01m€0.01m=
Trade debts44€0.06m€0.02m€0.02m€0.02m-----
Suppliers440/4---€0.02m-----
Other amounts payable47/48---€0.8m€0.9m€0.4m€0.4m€0.4m▼ 1.8%
Line20192020202120222023202420252026Change
Profit (loss) for the period9904€10,192-€4,543€199€31,697-€1,994-€2,628-€1,792-€2,561▼ 42.9%
+ Depreciation and write-downs630--€12,167€12,202€12,202€12,202€12,202€12,202=
Operating cash flow (approximation)€10,192-€4,543€12,366€43,899€10,208€9,575€10,410€9,641▼ 7.4%
Investment in fixed assets (approximation)--€254,701-€3,178€90,180€0€0€0€0-
Change in cash-€137,553-€82,118-€36,366-€2,267€136,675-€2,090-€9,784▼ 368%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 23 filings with the National Bank
Financial year Type Filed Reference
31-03-2026 micro format 22-09-2026 2026-00522957
31-03-2025 micro format 23-05-2025 2025-00106220
31-03-2024 micro format 13-09-2024 2024-00460957
31-03-2023 micro format 30-10-2023 2023-00501796
31-03-2022 micro format 24-10-2022 2022-20472318
31-03-2021 micro format 25-10-2021 2021-73300407
31-03-2020 micro format 11-12-2020 2020-75600554
31-03-2019 micro format 04-07-2019 2019-29000183
31-03-2018 micro format 21-09-2018 2018-64200281
31-03-2017 micro format 13-09-2017 2017-60800159

Show all 23 filings

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