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Pulsars

Active
M. L. Uytroeverstraat 4 ·1081 Koekelberg, Belgium
KBO/BCE: BE 0781.290.953
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Age4 yrs
Real estate1 parcel · 664 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of Pulsars is 0.9% (low). The 2024 annual accounts show equity of €55k and a net result of €16k. Its solvency ranks better than 66% of 7336 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Signals

1 signal · with evidence
Consistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Deadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 15 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-08-2025, 11 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.
How we compute the deadline
The year end is derived from 2 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 11-08-2025 11 d late 2025-00369104
31-12-2023 31-07-2024 12-06-2024 49 d early 2024-00132796

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
More than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.9% Low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Young company +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€265k
EBIT margin18.0%
Net result€16k-57.1%
Working capital€49k+45.5%

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 11-08-2025 with the NBB · fiscal year 2024 · micro
€0€100k€200k€300kRevenue 2023: €265k€265kOperating result 2023: €48k€48kNet result 2023: €37k€37kOperating result 2024: €22k€22kNet result 2024: €16k€16k20232024
RevenueOperating resultNet result
Sector comparison
Fiscal year 2024 · NACE 62, Computer programming & consultancy · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 74.6% 65.0%
better than 66% of 7336 sector peers
Net result €16k €32k
better than 34% of 7333 sector peers
Equity €55k €58k
better than 48% of 7338 sector peers
Gross operating margin €41k €52k
better than 40% of 7327 sector peers
Staff costs €15k €17k
higher than 48% of 1081 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€265k
- 23-24
EBITDA
€26k
-48.5% 23-24
Net profit
€16k
-57.1% 23-24
Cash flow
€19k
-50.8% 23-24
Total assets
€74k
+32.7% 23-24
Equity
€55k
+40.7% 23-24
Working capital
€49k
+45.5% 23-24
Staff costs
€15k
- 23-24
Income taxes
€6k
-44.2% 23-24
Debt
€19k
+13.6% 23-24
Debt ≤ 1y
€19k
+13.6% 23-24
Current ratio
3.60
+18.8% 23-24
Quick ratio
3.60
+18.8% 23-24
Solvency
74.6%
+6.1% 23-24
Debt / equity
0.34
-19.2% 23-24
ROE
28.9%
-69.5% 23-24
ROA
21.6%
-67.7% 23-24
Net margin
14.1%
- 23-24
EBITDA margin
18.8%
- 23-24
Interest coverage
46.76
-86.6% 23-24
Figures by fiscal year
Fiscal year2024
Depositmicro
Revenue-
EBITDA€26k
Net profit€16k
Cash flow€19k
Staff costs€15k
Income taxes€6k
Dividends-
Total assets€74k
Equity€55k
Debt€19k
of which ≤ 1y€19k
of which > 1y-
Working capital€49k
Employees (FTE)-
Ratios (computed)
2024
Current ratio3.60
Quick ratio3.60
Working capital ratio66.2%
Solvency74.6%
Debt / equity0.34
Long-term debt ratio-
Interest coverage46.76
Gross margin-
Net margin-
ROA21.6%
ROE28.9%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€74k
Fixed assets 21/28€6k
Tangible fixed assets 22/27€6k
Current assets 29/58€68k
Amounts receivable within one year 40/41€51k
Cash & bank 54/58€17k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€74k
Equity 10/15€55k
Contributions / capital 10/11€2k
Accumulated profits (losses) 14€53k
Amounts payable 17/49€19k
Amounts payable within one year 42/48€19k
Trade debts payable within one year 44€438
Income statement
Gross operating margin 9900€41k
Operating result 9901€22k
Financial income 75€5
Financial charges 65€549
Result before taxes 9903€22k
Income taxes 67/77€6k
Net result for the period 9904€16k
Result to be appropriated 9905€16k
You are seeing the latest fiscal year only. 1 prior year (figures + ratios) is in a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2024 · computed
93 / 100 Excellent
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank
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.

M. L. Uytroeverstraat 41081 Koekelberg

Establishment units

1 location
Pulsars
M. L. Uytroeverstraat 4, 1081 KoekelbergOntwerpen en programmeren van computerprogramma's
since 20222.329.227.247
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area664 m²
Buildings1
Building footprint217 m²
Volume (LiDAR)3,069 m³
Tallest building17.2 m · ±5 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21011A0017/00E002 Brussels 664 m² 1 · 217 m² 17.2 m · 5 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes
Health93Profitability100Solvency100Growth52Stability94
88 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 93
Profitability 100
Solvency 100
Growth 52
Stability 94

Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 6,021 of the 29,857 companies in this sector. 5,281 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Computerconsultancy-activiteiten62020Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten62200Ontwerpen en programmeren van computerprogramma's62010Overige diensten op het gebied van informatietechnologie en computer62090Ontwerpen van computerprogramma’s62100Overige diensten op het gebied van informatietechnologie en computer62900
Primary activity highlighted.
Names & trade names
Legal nameFR Pulsars
Registered office
M. L. Uytroeverstraat 4 bus 5
1081 Koekelberg, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.