PB INVEST
ActiveThe annual accounts of PB INVEST for fiscal year 2025 show a net loss of 87% of the equity at the start of that year. The 2025 annual accounts show equity of €25k and a net result of €-169k. Equity is growing by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 17% of 9167 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
40
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability25▼-15
Solvency25▼-1
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.05 against 1.03 in 2024; short-term debt: 73.7% and cash: 1.1% of total assets), and 99.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
0.1%
Return on assets
-0.6%
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 17% of 9167 sector peers (2025).
NBB · sector comparisonPosition among 9167 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 4 filingsDeviation from the deadline
2025
27 d late
2024
25 d late
2023
22 d early
2022
21 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€25k▼ 87.1%
2024 · €194k
2022: €23k
2023: €27k
2024: €194k
2022 → 2025
Total assets
€27.01M▼ 7.0%
2024 · €29.03M
2022: €6.63M
2023: €17.68M
2024: €29.03M
2022 → 2025
Net result
€-169k
2024 · €167k
2022: €-2k
2023: €4k
2024: €167k
2022 → 2025
Working capital
€969k▲ 39.1%
2024 · €697k
2022: €26k
2023: €30k
2024: €697k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€23k-€27k▲ 16.1%€194k▲ 631%€25k▼ 87.1%
Operating result€-2k-€4k€378k▲ 10,524%€210k▼ 44.3%
Net result€-2k-€4k€167k▲ 4,456%€-169k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 44% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €27.01M
Fixed assets
€6.13M▲ 5.4%
Current assets
€20.87M▼ 10.1%
Equity and liabilities €27.01M
Equity
€25k▼ 87.1%
Debt
€26.98M▼ 6.4%
The debt ratio rises from 99.3% to 99.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€356k▼
2024 · €379k
Cash flow
€-23k▼
2024 · €168k
Solvency
0.1%▼
2024 · 0.7%
Current ratio
1.05▲
2024 · 1.03
Quick ratio
0.39▼
2024 · 0.61
ROE
-674.0%▼
2024 · 86.3%
ROA
-0.6%▼
2024 · 0.6%
Interest coverage
0.90▼
2024 · 2.45
Debt
€26.98M▼
2024 · €28.83M
Debt ≤ 1 year
€19.90M▼
2024 · €22.51M
Debt > 1 year
€7.08M▲
2024 · €6.32M
Income taxes
€0▼
2024 · €56k
A ratio outside any meaningful range has been withheld (balance sheet total €27.01M, equity €25k).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€29.03M€27.01M▼
Fixed assets21/28€5.82M€6.13M▲
Tangible fixed assets22/27€4.92M€5.23M▲
Land and buildings22€4.92M€1.05M▼
Leasing and similar rights25-€4.08M
Other tangible fixed assets26-€111k
Financial fixed assets28€900k€900k=
Current assets29/58€23.21M€20.87M▼
Amounts receivable after more than one year29€7.46M€7.02M▼
Other amounts receivable291€7.46M€7.02M▼
Stocks and contracts in progress3€9.46M€13.18M▲
Stocks30/36€9.46M€12.93M▲
Contracts in progress37€0€249k▲
Amounts receivable within one year40/41€5.85M€365k▼
Trade receivables40€427k€151k▼
Other amounts receivable41€5.42M€214k▼
Cash at bank and in hand54/58€440k€307k▼
Equity and liabilities
Total equity and liabilities10/49€29.03M€27.01M▼
Equity10/15€194k€25k▼
Contributions10/11€25k€25k=
Reserves13€169k€36▼
Distributable reserves133€169k€36▼
Amounts payable17/49€28.83M€26.98M▼
Amounts payable after more than one year17€6.32M€7.08M▲
Financial debts170/4€6.32M€7.07M▲
Other amounts payable178/9€3k€3k=
Amounts payable within one year42/48€22.51M€19.90M▼
Current portion of amounts payable after more than one year42€261k€310k▲
Financial debts43€13.93M€14.78M▲
Credit institutions430/8€13.93M€14.78M▲
Trade debts44€437k€878k▲
Suppliers440/4€437k€878k▲
Advances received on contracts in progress46€1.36M€1.71M▲
Taxes, remuneration and social security45€129k€56k▼
Taxes450/3€129k€56k▼
Other amounts payable47/48€6.40M€2.17M▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€146k▲
Other operating charges640/8€11k€1k▼
Gross operating margin9900€390k€357k▼
Operating profit (loss)9901€378k€210k▼
Financial income75/76B€192€15k▲
Recurring financial income75€192€15k▲
Financial charges65/66B€155k€395k▲
Recurring financial charges65€155k€395k▲
Profit (loss) for the period before taxes9903€223k€-169k▼
Income taxes67/77€56k€0▼
Profit (loss) for the period9904€167k€-169k▼
Profit (loss) for the period to be appropriated9905€167k€-169k▼
Appropriation of the result
Profit (loss) to be appropriated9906€167k€-169k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2-€169k
Transfer to equity691/2€167k€0▼
To other reserves6921€167k€0▼
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
31-12
Financial
Weakest financial yearnet €-169k ▼201%
Net result drops to €-169k, the lowest in the series.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 25 days late
2024
31-12
Financial
Highest result since 2022net €167k ▲4456%
Operating result €378k, net result €167k, both a record.
31-12
Financial
Equity above €150kEq €194k ▲631%
2 profitable years in a row build equity to €194k.
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Hasselt · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Guffenslaan 1083500 HasseltGround area
998 m²
Building footprint
764 m²
Volume, LiDAR
6,092 m³
Parcel 71022H0554/00B002, Flanders · tallest building 21.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Guffenslaan 108, 3500 Hasselt
since 20212.324.769.108
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71022H0554/00B002 | Flanders | 998 m² | 1 · 764 m² | 21.5 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
Connections & network
2 connected companiesNetwork connections
Shared address
→
Shared address
→
Recognitions · licences · registrations
Legal Entity Identifier
984500GEFEFQ8FB99924
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Of 9,695 companies in sector 68121 we hold annual accounts for 7,383. 4,322 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-11-2021
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
68122Development of non-residential building projects
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.