PULSE INVEST
ActivePULSE INVEST has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36k and a net result of €2k. Equity is growing by ~35% per year across the filed fiscal years. Its solvency ranks better than 35% of 1287 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
48
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▲+1
Solvency29▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity short (current ratio 0.02 against 0.06 in 2024; short-term debt: 90.8% and cash: 1.7% of total assets), and 96% 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
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
4%
Return on assets
0.2%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 10 filingsDeviation from the deadline
2025
26 d late
2024
27 d late
2023
22 d late
2022
31 d late
2021
9 d late
2020
31 d late
2019
87 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€36k▲ 6.1%
2024 · €34k
2018: €-11k
2019: €-15k
2020: €17k
2021: €19k
2022: €20k
2023: €38k
2024: €34k
2018 → 2025
Total assets
€900k▼ 8.1%
2024 · €978k
2018: €1.11M
2019: €1.15M
2020: €1.10M
2021: €1.05M
2022: €1.08M
2023: €1.06M
2024: €978k
2018 → 2025
Net result
€2k
2024 · €-4k
2018: €-28k
2019: €-4k
2020: €32k
2021: €3k
2022: €884
2023: €17k
2024: €-4k
2018 → 2025
Working capital
€-800k▼ 5.6%
2024 · €-758k
2018: €-399k
2019: €-444k
2020: €-473k
2021: €-525k
2022: €-674k
2023: €-705k
2024: €-758k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€19k-€20k▲ 4.6%€38k▲ 86.0%€34k▼ 9.7%€36k▲ 6.1%
Operating result€8k-€6k▼ 31.0%€30k▲ 425%€-573€3k
Net result€3k-€884▼ 66.3%€17k▲ 1,863%€-4k€2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €3k after a loss of €573 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €900k
Fixed assets
€883k▼ 5.2%
Current assets
€17k▼ 64.2%
Equity and liabilities €900k
Equity
€36k▲ 6.1%
Debt
€864k▼ 8.6%
The debt ratio falls from 96.5% to 96.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€52k▲
2024 · €42k
Cash flow
€50k▲
2024 · €39k
Solvency
4.0%▲
2024 · 3.5%
Current ratio
0.02▼
2024 · 0.06
Quick ratio
0.02▼
2024 · 0.06
Debt / equity
24.00▼
2024 · 27.86
ROE
5.8%▲
2024 · -10.7%
ROA
0.2%▲
2024 · -0.4%
Interest coverage
23.53▲
2024 · 13.62
Debt
€864k▼
2024 · €944k
Debt ≤ 1 year
€817k▲
2024 · €805k
Debt > 1 year
€47k▼
2024 · €139k
Income taxes
€47
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€978k€900k▼
Fixed assets21/28€931k€883k▼
Tangible fixed assets22/27€931k€883k▼
Land and buildings22€931k€882k▼
Plant, machinery and equipment23€217€66▼
Current assets29/58€47k€17k▼
Amounts receivable within one year40/41€45k€1k▼
Trade receivables40€33k€822▼
Other amounts receivable41€12k€593▼
Cash at bank and in hand54/58€3k€16k▲
Equity and liabilities
Total equity and liabilities10/49€978k€900k▼
Equity10/15€34k€36k▲
Contributions10/11€6k€6k=
Reserves13€28k€28k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€26k€26k=
Profit (loss) carried forward14€-313€2k▲
Amounts payable17/49€944k€864k▼
Amounts payable after more than one year17€139k€47k▼
Financial debts170/4€139k€47k▼
Amounts payable within one year42/48€805k€817k▲
Financial debts43€92k€93k▲
Credit institutions430/8€92k€93k▲
Trade debts44€70k€37k▼
Suppliers440/4€70k€37k▼
Taxes, remuneration and social security45-€902
Taxes450/3-€902
Other amounts payable47/48€643k€686k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€48k▲
Other operating charges640/8€9k€9k▲
Gross operating margin9900€50k€60k▲
Operating profit (loss)9901€-573€3k▲
Financial income75/76B€2€1k▲
Recurring financial income75€2€1k▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€-4k€2k▲
Income taxes67/77-€47
Profit (loss) for the period9904€-4k€2k▲
Profit (loss) for the period to be appropriated9905€-4k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-313€2k▲
Profit (loss) brought forward from the previous period14P€3k€-313▼
The notes to these accounts (5 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €32k
Net result €32k after 2 loss-making years.
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 59 days late
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Meise · 2 establishment units since 2012
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.
Kraaienbroeklaan 11860 MeiseGround area
1,156 m²
Building footprint
525 m²
Volume, LiDAR
4,584 m³
2 parcels, Flanders · tallest building 15.3 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Kraaienbroeklaan 1, 1860 Meise
since 20122.215.024.494
A. Waiting
since 20152.245.927.013
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23050F0058/00L002 | Flanders | 742 m² | 1 · 173 m² | 7.8 m · 2 fl. |
| 23322L0223/00H000 | Flanders | 414 m² | 1 · 352 m² | 15.3 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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INVEST BOEVERIE
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ESPERANZADOR
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Of 2,395 companies in sector 55100 we hold annual accounts for 1,516. 822 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded12-11-2012
Fiscal year end31-12
Activities, NACEBEL
55100Hotels and similar accommodation
70200Business and other management consultancy
70220Business consulting
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.