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PYSEC

Active
Private limited companyfounded 2024active for 2 yearsVlasbloem(STJ) 19, 9982 Sint-Laureins, BelgiumKBO/BCE: BE 1014.831.123
Summary

PYSEC has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €65,450 and a net result of €64,450. Its solvency ranks better than 64% of 21,120 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Activity
Computer programming
NACE 62100
1 site
Size
≈ €190,000turnover 2025, estimated
Equity
€65,450
Profit
€64,450
Turnover estimated from the gross margin
Financial health
97 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
2025 accounts 60 days early
Why 97raises riskFounded in 2024lowers riskLiquidity: current ratio 3.64, cash €76,545Sector: Computer programming, consultancy and related activities (NACE 62)Equity €65,450 (72.5% of total assets)Show the evidence

Checked score

Score 2025
97 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 74% of its sector peers (NACE 62, micro)
Financial strength
Strong
Solvency 98
equity 72.5% of total assets
Liquidity 89
short-term debt 27.5% · cash 84.8%
Profitability 100
return on assets 71.4%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (25,901 companies, NACE 62, micro)
Last 24 months 11-2025: 0.4% 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.5%▲ +0.1 percentage points vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026highest value 07-2026: < 0.1%▼ -0.5 percentage points vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €6,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity ample (current ratio 3.64, above the usual 1.5; short-term debt: 27.5% and cash: 84.8% of total assets), and 27.5% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro): better than 66% on solvency, 75% on liquidity and 82% on profitability.

The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 3.64, cash €76,545
NBB · annual accounts
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
raises risk · Founded in 2024
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Equity €65,450 (72.5% of total assets)
NBB · annual accounts
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 01-06-2026, 60 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
60 days early
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2024.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. IncorporationAppointment: PAUWELS Yentl Danny Antoinette…

Financials · financial year 2025, micro format

Turnover
≈ €190,000
Estimated: probably between €160,000 and €250,000
Total assets
€90,275
Net result
€64,450
Working capital
€65,450

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
Equity and liabilities €90,275
Equity €65,450
Debt €24,825
Debt finances 27.5% of the balance-sheet total.
Key figures and ratios
2025 value
Current ratio
3.64
Debt to equity
0.38
ROE
98.5%
ROA
71.4%
Debt ≤ 1 year
€24,825
Income taxes
€16,824

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.9% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
95.9% still going

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 39,278 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 · 2025 · 29 lines
Balance sheet Code2025
Assets
Total assets20/58€90,275
Current assets29/58€90,275
Amounts receivable within one year40/41€11,030
Trade receivables40€11,007
Other amounts receivable41€23
Cash at bank and in hand54/58€76,545
Deferred charges and accrued income490/1€2,700
Equity and liabilities
Total equity and liabilities10/49€90,275
Equity10/15€65,450
Contributions10/11€1,000
Reserves13€64,450
Distributable reserves133€64,450
Amounts payable17/49€24,825
Amounts payable within one year42/48€24,825
Taxes, remuneration and social security45€24,825
Taxes450/3€24,576
Remuneration and social security454/9€249
Income statement Code2025
Other operating charges640/8€1
Gross operating margin9900€82,676
Operating profit (loss)9901€82,675
Financial charges65/66B€1,402
Recurring financial charges65€1,402
Profit (loss) for the period before taxes9903€81,274
Income taxes67/77€16,824
Profit (loss) for the period9904€64,450
Profit (loss) for the period to be appropriated9905€64,450
Appropriation of the result
Profit (loss) to be appropriated9906€64,450
Transfer to equity691/2€64,450
To other reserves6921€64,450

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Other operating charges640/8€1
Gross operating margin9900€82,676
Operating profit (loss)9901€82,675
Financial charges65/66B€1,402
Recurring financial charges65€1,402
Profit (loss) for the period before taxes9903€81,274
Income taxes67/77€16,824
Profit (loss) for the period9904€64,450
Profit (loss) for the period to be appropriated9905€64,450
Line2025
Assets
Total assets20/58€90,275
Current assets29/58€90,275
Amounts receivable within one year40/41€11,030
Trade receivables40€11,007
Other amounts receivable41€23
Cash at bank and in hand54/58€76,545
Deferred charges and accrued income490/1€2,700
Equity and liabilities
Total equity and liabilities10/49€90,275
Equity10/15€65,450
Contributions10/11€1,000
Reserves13€64,450
Distributable reserves133€64,450
Amounts payable17/49€24,825
Amounts payable within one year42/48€24,825
Taxes, remuneration and social security45€24,825
Taxes450/3€24,576
Remuneration and social security454/9€249
Line2025
Profit (loss) for the period9904€64,450
Operating cash flow (approximation)€64,450

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

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 01-06-2026 2026-00128602

Similar companies · same sector, comparable size

Of the 16,999 active companies whose main activity is computer programming (NACE 62100), figures are known for 9,006. 7,064 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
1 director, no change since 2024
PAUWELS Yentl Danny Antoinette
Director (not named in the articles) · since 10-10-2024
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

1 person since 2024, 1 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
PAUWELS Yentl Danny Antoinette
  • Director (not named in the articles), from 10-10-2024 to date
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Shareholders according to the deeds
At incorporation act of 10-10-2024 ↗

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 10-10-2024 Incorporation · €1,000 · 100 shares

Group and network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

On 8 October 2024, PYSEC was incorporated as a private limited company by one natural person, with a starting capital of €1,000.12 PAUWELS Yentl Danny Antoinette has served as director of the company since 2024.2 The company has filed annual accounts once, for financial year 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 10-10-2024
  3. 3National Bank, annual accounts 2025

Acts, filings and financial milestones

2026
01-06
NBB filing Annual accounts filed
financial year 2025 · micro format
2024
10-10
Gazette deed Incorporation
Appointment: PAUWELS Yentl Danny Antoinette (director) · Founder · Founding capital6 facts ▸
  • Incorporation, 03-10-2024
  • Founder, PAUWELS Yentl Danny Antoinette
  • Founding capital, €1,000
  • Registered office clause, “9982 Sint-Laureins, Sint-Jan-in-Eremo, Vlasbloem 19” (deed in Dutch)
  • Board rule, 1, “enige aandeelhouder” (deed in Dutch)
  • Director appointment, PAUWELS Yentl Danny Antoinette (director (not named in the articles))
Gazette deedNBB filing
1 of 1 deed read

Register details

Identification
Legal formPrivate limited company
Founded08-10-2024
Financial year end31-12
Activities, NACEBEL 2025
62100Computer programming
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
82990Other business support services
95100Repair and maintenance of computers and communication equipment
E-invoicing
Reachable via Peppol
Peppol ID 0208:1014831123
Also 9925:BE1014831123
Registered 12-11-2024

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 31 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Sint-Laureins · 1 establishment unit since 2024
registered office establishment The establishment unit on the map
Ground area
621 m²
Building footprint
112 m²
Building volume
2 m³
Parcel 43013C1096/00H003, Flanders · tallest building 0.7 m. Linked by address, not a title deed.
1 establishment unit
PYSEC
Vlasbloem(STJ) 19, 9982 Sint-LaureinsComputer programming
since 2024unit no. 2.364.926.514
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
43013C1096/00H003 Flanders 621 m² 1 · 111 m² 0.7 m
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“Detailhandel in computers, randapparatuur en software in gespecialiseerde winkels; Ontwerpen en programmeren van computerprogramma's…” (deed in Dutch)
10 activities (deed in Dutch)
  1. Detailhandel in computers, randapparatuur en software in gespecialiseerde winkels
  2. Ontwerpen en programmeren van computerprogramma's
  3. Computerconsultancy-activiteiten
  4. Overige diensten op het gebied van informatietechnologie en computer
  5. Gegevensverwerking, webhosting en aanverwante activiteiten
  6. Overige zakelijke dienstverlening, n.e.g.
  7. Reparatie van computers en randapparatuur
  8. Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten, zoals de aan- en verkoop, de bouw, de verbouwing, de binnenhuisinrichting en decoratie, de huur en verhuur, de ruil, de verkaveling en, in het algemeen, alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken, van onroerende goederen of onroerende zakelijke rechten
  9. Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend vermogen; alle verrichtingen met betrekking tot roerende goederen en rechten, van welke aard ook, zoals de aan- en verkoop, de huur en verhuur, de ruil; in het bijzonder het beheer en de valorisatie van alle verhandelbare waardepapieren, aandelen, obligaties, staatsfondsen
  10. Het verstrekken van leningen en voorschotten onder eender welke vorm of duur, alsmede het waarborgen van verbintenissen

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
PYSEC
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaams Gewest” (deed in Dutch)

deed of 10-10-2024

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
Each director alone
Board ruleHow the board is made up, meets and takes decisions.
“Met of zonder beperking van duur, 1” (deed in Dutch)

deed of 10-10-2024

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
First Friday of June at 19:00

deed of 10-10-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Winstverdeling, algemene vergadering” (deed in Dutch)
1 more provision in the deed, see the deed of 10-10-2024

deed of 10-10-2024