Summary
PPS EU is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €14.71M and a net result of €1.62M. Equity is growing by ~10.2% per year across the filed fiscal years. Its solvency ranks better than 9% of 490 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 490 sector peers (2025).
NBB · sector comparisonPosition among 490 sector peers
Solvency
better than 9%
← 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 04-06-2026, 57 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
57 d early
2024
22 d early
2023
343 d late
2022
41 d early
2021
46 d early
2020
44 d early
2019
32 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Equity
€14.71M▲ 12.4%
2024 · €13.09M
2019: €8.20M
2020: €8.69M
2021: €11.47M
2022: €10.10M
2023: €13.82M
2024: €13.09M
2019 → 2025
Net result
€1.62M
2024 · €-733k
2019: €-154k
2020: €-1.00M
2021: €277k
2022: €-1.37M
2023: €-2.11M
2024: €-733k
2019 → 2025
Total assets
€399.33M▼ 66.6%
2024 · €1.19B
2019: €444.14M
2020: €528.67M
2021: €524.17M
2022: €667.71M
2023: €1.49B
2024: €1.19B
2019 → 2025
Solvency
3.7%▲ 2.6pp
2024 · 1.1%
2019: 1.8%
2020: 1.6%
2021: 2.2%
2022: 1.5%
2023: 0.9%
2024: 1.1%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€4.87M-€5.63M▲ 15.6%€8.34M▲ 48.2%€17.01M▲ 104%€20.05M▲ 17.9%
Equity€11.47M-€10.10M▼ 11.9%€13.82M▲ 36.8%€13.09M▼ 5.3%€14.71M▲ 12.4%
Operating result€-11k-€-1.29M▼ 11,476%€-4.68M▼ 262%€-4.08M▲ 12.7%€-2.86M▲ 30.0%
Net result€277k-€-1.37M€-2.11M▼ 54.0%€-733k▲ 65.2%€1.62M
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2.86M in 2025 against €4.08M in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €399.33M
Fixed assets
€4.72M ▼ 7.5%
Current assets
€394.61M ▼ 66.8%
Equity and liabilities €399.33M
Equity
€14.71M ▲ 12.4%
Debt
€384.62M ▼ 67.4%
Debt's share of the balance-sheet total falls from 98.9% to 96.3%. Equity is higher and debt is lower.
Key figures and ratios
ROE
11.0%▲
2024 · -5.6%
ROA
0.4%▲
2024 · -0.1%
Debt ≤ 1 year
€382.40M▼
2024 · €1.18B
Income taxes
€3k▼
2024 · €18k
Staff costs
€4.46M▼
2024 · €4.83M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 62 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.19B€399.33M▼
Fixed assets21/28€5.11M€4.72M▼
Intangible fixed assets21€4.77M€4.39M▼
Tangible fixed assets22/27€336k€335k▼
Plant, machinery and equipment23€203k€174k▼
Furniture and vehicles24€133k€160k▲
Financial fixed assets28€150€150=
Other financial fixed assets284/8€150€150=
Amounts receivable and cash guarantees285/8€150€150=
Current assets29/58€1.19B€394.61M▼
Amounts receivable within one year40/41€790.29M€11.23M▼
Trade receivables40€3.17M€4.69M▲
Other amounts receivable41€787.13M€6.54M▼
Current investments50/53€87.72M€85.41M▼
Other investments51/53€87.72M€85.41M▼
Cash at bank and in hand54/58€311.14M€297.45M▼
Deferred charges and accrued income490/1€283k€523k▲
Equity and liabilities
Total equity and liabilities10/49€1.19B€399.33M▼
Equity10/15€13.09M€14.71M▲
Contributions10/11€18.18M€18.18M=
Capital10€18.18M€18.18M=
Issued capital100€18.18M€18.18M=
Profit (loss) carried forward14€-5.09M€-3.47M▲
Amounts payable17/49€1.18B€384.62M▼
Amounts payable within one year42/48€1.18B€382.40M▼
Trade debts44€81.42M€9.13M▼
Suppliers440/4€81.42M€9.13M▼
Taxes, remuneration and social security45€1.43M€1.61M▲
Taxes450/3€178k€298k▲
Remuneration and social security454/9€1.25M€1.31M▲
Other amounts payable47/48€1.09B€371.67M▼
Accrued charges and deferred income492/3€5.39M€2.22M▼
Income statement
Code20242025
Operating income70/76A€17.01M€20.06M▲
Turnover70€17.01M€20.05M▲
Change in stocks of work in progress, finished goods and contracts in progress71€1k-
Other operating income74-€10k
Operating charges60/66A€21.10M€22.92M▲
Goods for resale, raw materials and consumables60€596k€515k▼
Purchases600/8€596k€515k▼
Services and other goods61€15.16M€16.82M▲
Remuneration, social security and pensions62€4.83M€4.46M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€500k€724k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€90k
Provisions for liabilities and charges: additions (uses and reversals)635/8€-11k-
Other operating charges640/8€17k€312k▲
Operating profit (loss)9901€-4.08M€-2.86M▲
Financial income75/76B€3.77M€4.63M▲
Recurring financial income75€3.77M€4.63M▲
Income from financial fixed assets750-€41k
Other financial income752/9€3.77M€4.59M▲
Financial charges65/66B€399k€154k▼
Recurring financial charges65€399k€154k▼
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-€0
Other financial charges652/9€399k€154k▼
Profit (loss) for the period before taxes9903€-715k€1.62M▲
Income taxes67/77€18k€3k▼
Taxes670/3€18k€3k▼
Profit (loss) for the period9904€-733k€1.62M▲
Profit (loss) for the period to be appropriated9905€-733k€1.62M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-5.09M€-3.47M▲
Profit (loss) brought forward from the previous period14P€-4.35M€-5.09M▼
Social balance
Average headcount (FTE)908731.031.5▲
The notes to these accounts (42 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
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €1.62M
Net result €1.62M after 3 loss-making years.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 343 days late
2023
31-12
Financial
Weakest financial yearnet €-2.11M
Net result drops to €-2.11M, the lowest in the series; recovery starts the following year.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €277k
Net result €277k after 2 loss-making years.
31-12
Financial
Equity above €10MEq €11.47M ▲31.9%
Equity rises from €8.69M to €11.47M.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
16 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, Oudergem · 1 establishment unit since 2018
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.
Herrmann-Debrouxlaan 40-421160 OudergemGround area
5,192 m²
Building footprint
2,419 m²
Volume, LiDAR
41,930 m³
Parcel 21332B0424/00D008, Brussels · tallest building 27.6 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
PPS EU
since 20182.340.424.215
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21332B0424/00D008 | Brussels | 5,192 m² | 1 · 2,419 m² | 27.6 m · 7 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Structure & network
Ownership & control
1 parent companyControl over this companyparent company per the LEI register1
EDENRED
Issy-Les-Moulineaux, France
controls
PPS EUBE 0712.775.202
Group per the LEI register
2 branchesForeign branch:PPS EU S.A. - Suomen sivuliike
Foreign branch:PPS EU
Recognitions · licences · registrations
Legal Entity Identifier
8755000YCEDZSNBVWS33
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Of 1,507 companies in sector 66199 we hold annual accounts for 917. 158 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded31-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
66199Other activities auxiliary to financial services, excluding insurance and pension funding
64999Other financial services
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:vincent.mercenier@pps.edenred.com