Pulse!
ActiveSummary
Pulse! has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €181k and a net result of €12k. Equity is growing by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 59% of 219 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability39▼-3
Solvency68▲+19
Growth35=
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 1.76 against 1.32 in 2024; short-term debt: 56.9% and cash: 2.2% of total assets), but 56.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 78
Relative position
BE, all sectors
reference
Employment activities (NACE 78)
about 17% fewer bankruptcies
← 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
43.1%
Return on assets
2.8%
Age of the figures
9 mo
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 27-07-2026, 4 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
4 d early
2024
24 d early
2023
8 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€2.07M▼ 7.6%
2024 · €2.24M
2023: €2.80Mhighest in 3 years
2024: €2.24M▼ -20.0% vs 2023
2025: €2.07M▼ -7.6% vs 2024lowest in 3 years
2023 → 2025
EBIT margin
3.4%▲ 0.3pp
2024 · 3.1%
2023: 6.0%highest in 3 years
2024: 3.1%▼ -48.3% vs 2023lowest in 3 years
2025: 3.4%▲ +8.6% vs 2024
2023 → 2025
Net result
€12k▼ 23.5%
2024 · €16k
2023: €92khighest in 3 years
2024: €16k▼ -83.0% vs 2023
2025: €12k▼ -23.5% vs 2024lowest in 3 years
2023 → 2025
Working capital
€181k▲ 7.8%
2024 · €168k
2023: €152klowest in 3 years
2024: €168k▲ +10.7% vs 2023
2025: €181k▲ +7.8% vs 2024highest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Turnover€2.80M-€2.24M▼ 20.0%€2.07M▼ 7.6%
2023: €2.80Mhighest in 3 years
2024: €2.24M▼ -20.0% vs 2023
2025: €2.07M▼ -7.6% vs 2024lowest in 3 years
Equity€154k-€169k▲ 10.2%€181k▲ 7.1%
2023: €154klowest in 3 years
2024: €169k▲ +10.2% vs 2023
2025: €181k▲ +7.1% vs 2024highest in 3 years
Operating result€168k-€69k▼ 58.7%€70k▲ 0.4%
2023: €168khighest in 3 years
2024: €69k▼ -58.7% vs 2023lowest in 3 years
2025: €70k▲ +0.4% vs 2024
Net result€92k-€16k▼ 83.0%€12k▼ 23.5%
2023: €92khighest in 3 years
2024: €16k▼ -83.0% vs 2023
2025: €12k▼ -23.5% vs 2024lowest in 3 years
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 0% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €421k
Equity
€181k ▲ 7.1%
Provisions
€47
Debt
€240k ▼ 54.6%
Debt's share of the balance-sheet total falls from 75.7% to 56.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€70k▼
2024 · €70k
Cash flow
€12k▼
2024 · €16k
Current ratio
1.76▲
2024 · 1.32
Debt to equity
1.32▼
2024 · 3.12
ROE
6.6%▼
2024 · 9.2%
ROA
2.8%▲
2024 · 2.2%
Interest coverage
2.42▼
2024 · 3.06
Debt ≤ 1 year
€240k▼
2024 · €528k
Income taxes
€31k▼
2024 · €34k
Staff costs
€1.22M▼
2024 · €1.37M
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 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€698k€421k▼
Fixed assets21/28€1k-
Tangible fixed assets22/27€1k-
Plant, machinery and equipment23€1k-
Current assets29/58€696k€421k▼
Amounts receivable within one year40/41€668k€390k▼
Trade receivables40€278k€192k▼
Other amounts receivable41€390k€199k▼
Cash at bank and in hand54/58€10k€9k▼
Deferred charges and accrued income490/1€19k€22k▲
Equity and liabilities
Total equity and liabilities10/49€698k€421k▼
Equity10/15€169k€181k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€107k€119k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€21k€21k=
Distributable reserves133€80k€92k▲
Profit (loss) carried forward14€154€120▼
Provisions and deferred taxes16-€47
Provisions for liabilities and charges160/5-€47
Pensions and similar obligations160-€47
Amounts payable17/49€528k€240k▼
Amounts payable within one year42/48€528k€240k▼
Trade debts44€343k€114k▼
Suppliers440/4€343k€114k▼
Taxes, remuneration and social security45€185k€126k▼
Taxes450/3€57k€41k▼
Remuneration and social security454/9€128k€85k▼
Accrued charges and deferred income492/3€68€16▼
Income statement
Code20242025
Turnover70€2.24M€2.07M▼
Goods, raw materials, services and sundry goods60/61€851k€823k▼
Remuneration, social security and pensions62€1.37M€1.22M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€610€180▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€47
Other operating charges640/8€863€697▼
Non-recurring operating charges66A-€804
Gross operating margin9900€1.44M€1.30M▼
Operating profit (loss)9901€69k€70k▲
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Non-recurring financial income76B€173-
Financial charges65/66B€23k€29k▲
Recurring financial charges65€23k€29k▲
Profit (loss) for the period before taxes9903€49k€43k▼
Income taxes67/77€34k€31k▼
Profit (loss) for the period9904€16k€12k▼
Transfer to tax-exempt reserves689€21k-
Profit (loss) for the period to be appropriated9905€-5k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€12k▲
Profit (loss) brought forward from the previous period14P€567€154▼
Transfer from equity791/2€5k-
Transfer to equity691/2-€12k
To other reserves6921-€12k
Social balance
Average headcount (FTE)908723.019.4▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Turnover70 | €2.80M | €2.24M | €2.07M | ▼ 7.6% |
| Goods, raw materials, services and sundry goods60/61 | €1.05M | €851k | €823k | ▼ 3.2% |
| Remuneration, social security and pensions62 | €1.65M | €1.37M | €1.22M | ▼ 10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €610 | €180 | ▼ 70.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €47 | - |
| Other operating charges640/8 | €2k | €863 | €697 | ▼ 19.3% |
| Non-recurring operating charges66A | - | - | €804 | - |
| Gross operating margin9900 | €1.83M | €1.44M | €1.30M | ▼ 10.3% |
| Operating profit (loss)9901 | €168k | €69k | €70k | ▲ 0.4% |
| Financial income75/76B | €2k | €3k | €2k | ▼ 21.1% |
| Recurring financial income75 | €1k | €3k | €2k | ▼ 15.7% |
| Non-recurring financial income76B | €1k | €173 | - | - |
| Financial charges65/66B | €18k | €23k | €29k | ▲ 26.2% |
| Recurring financial charges65 | €18k | €23k | €29k | ▲ 26.2% |
| Profit (loss) for the period before taxes9903 | €153k | €49k | €43k | ▼ 12.8% |
| Income taxes67/77 | €61k | €34k | €31k | ▼ 7.9% |
| Profit (loss) for the period9904 | €92k | €16k | €12k | ▼ 23.5% |
| Transfer to tax-exempt reserves689 | - | €21k | - | - |
| Profit (loss) for the period to be appropriated9905 | €92k | €-5k | €12k | ▲ 321% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €823k | €698k | €421k | ▼ 39.6% |
| Fixed assets21/28 | €2k | €1k | - | - |
| Tangible fixed assets22/27 | €2k | €1k | - | - |
| Plant, machinery and equipment23 | €2k | €1k | - | - |
| Current assets29/58 | €821k | €696k | €421k | ▼ 39.5% |
| Amounts receivable within one year40/41 | €756k | €668k | €390k | ▼ 41.6% |
| Trade receivables40 | €336k | €278k | €192k | ▼ 31.1% |
| Other amounts receivable41 | €420k | €390k | €199k | ▼ 49.0% |
| Cash at bank and in hand54/58 | €54k | €10k | €9k | ▼ 5.2% |
| Deferred charges and accrued income490/1 | €11k | €19k | €22k | ▲ 15.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €823k | €698k | €421k | ▼ 39.6% |
| Equity10/15 | €154k | €169k | €181k | ▲ 7.1% |
| Contributions10/11 | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | = |
| Reserves13 | €91k | €107k | €119k | ▲ 11.2% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | = |
| Tax-exempt reserves132 | - | €21k | €21k | = |
| Distributable reserves133 | €85k | €80k | €92k | ▲ 15.0% |
| Profit (loss) carried forward14 | €567 | €154 | €120 | ▼ 21.9% |
| Provisions and deferred taxes16 | - | - | €47 | - |
| Provisions for liabilities and charges160/5 | - | - | €47 | - |
| Pensions and similar obligations160 | - | - | €47 | - |
| Amounts payable17/49 | €669k | €528k | €240k | ▼ 54.6% |
| Amounts payable within one year42/48 | €669k | €528k | €240k | ▼ 54.6% |
| Trade debts44 | €511k | €343k | €114k | ▼ 66.7% |
| Suppliers440/4 | €511k | €343k | €114k | ▼ 66.7% |
| Taxes, remuneration and social security45 | €158k | €185k | €126k | ▼ 32.2% |
| Taxes450/3 | €42k | €57k | €41k | ▼ 28.3% |
| Remuneration and social security454/9 | €116k | €128k | €85k | ▼ 33.9% |
| Accrued charges and deferred income492/3 | €41 | €68 | €16 | ▼ 75.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €92k | €16k | €12k | ▼ 23.5% |
| + Depreciation and write-downs630 | €1k | €610 | €180 | ▼ 70.5% |
| Operating cash flow (approximation) | €93k | €16k | €12k | ▼ 25.2% |
| Investment in fixed assets (approximation) | - | €0 | - | - |
| Change in cash | - | €-44k | €-506 | ▲ 98.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €12k ▼23.5%
Net result drops to €12k, the lowest in the series.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Kontich · 1 establishment unit since 2022
Ground area
1.1 ha
Building footprint
955 m²
Volume, LiDAR
10,600 m³
Parcel 11024B0130/00C002, Flanders · tallest building 15.4 m, ±4 floors. Linked by address, not a title deed.
25
companies at this address
See who is registered here
1 establishment unit
Pulse!
since 20222.335.324.785
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11024B0130/00C002 | Flanders | 1.1 ha | 1 · 955 m² | 15.4 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 6,151 EUR awarded · 6,151 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,104 EUR | 2,104 EUR |
| 2024 | 1 | 4,047 EUR | 4,047 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
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Of 1,013 companies in sector 78200 we hold annual accounts for 644. 451 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded27-07-2022
Fiscal year end31-12
Activities, NACEBEL 2025
78100Employment placement agencies
78200Temporary employment agencies and other provision of personnel
Contact
Phone
034508030
Scores and ratios are computed by Checked and are not a credit decision.