Summary
PBM Finance 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 €697.95M and a net result of €30.23M. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 80% of 2394 sector peers (fiscal year 2025). The company has been active since 2022 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
1 signal. The signal on the left, the evidence on the right.
○neutral
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
27 d late
2023
21 d late
2022
8 d late
← 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, statutory accounts
Equity
€697.95M▼ 3.5%
2024 · €722.92M
2022: €718.82M
2023: €697.39M
2024: €722.92M
2022 → 2025
Net result
€30.23M▲ 18.5%
2024 · €25.52M
2022: €664.37M
2023: €26.57M
2024: €25.52M
2022 → 2025
Total assets
€758.50M▲ 0.6%
2024 · €754.22M
2022: €750.23M
2023: €755.64M
2024: €754.22M
2022 → 2025
Solvency
92.0%▼ 3.8pp
2024 · 95.8%
2022: 95.8%
2023: 92.3%
2024: 95.8%
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Turnover€1.46M-€1.61M▲ 10.1%€1.66M▲ 3.6%€1.71M▲ 2.7%
Equity€718.82M-€697.39M▼ 3.0%€722.92M▲ 3.7%€697.95M▼ 3.5%
Operating result€438k-€593k▲ 35.2%€923k▲ 55.7%€1.05M▲ 13.5%
Net result€664.37M-€26.57M▼ 96.0%€25.52M▼ 3.9%€30.23M▲ 18.5%
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 14% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €758.50M
Fixed assets
€753.03M ▲ 0.5%
Current assets
€5.47M ▲ 5.5%
Equity and liabilities €758.50M
Equity
€697.95M ▼ 3.5%
Provisions
€4k ▼ 63.7%
Debt
€60.54M ▲ 93.5%
Debt's share of the balance-sheet total rises from 4.1% to 8.0%. Equity is lower and debt is higher.
Key figures and ratios
ROE
4.3%▲
2024 · 3.5%
ROA
4.0%▲
2024 · 3.4%
Debt ≤ 1 year
€56.20M▲
2024 · €26.89M
Debt > 1 year
€3.04M▼
2024 · €3.50M
Income taxes
€190k▼
2024 · €211k
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 · 69 lines
Balance sheet
Code20242025
Assets
Total assets20/58€754.22M€758.50M▲
Fixed assets21/28€749.04M€753.03M▲
Tangible fixed assets22/27€20.12M€19.25M▼
Land and buildings22€19.92M€19.05M▼
Furniture and vehicles24€199k€199k=
Financial fixed assets28€728.92M€733.78M▲
Affiliated companies280/1€728.92M€728.92M=
Participating interests280€728.92M€728.92M=
Companies linked by participating interests282/3-€4.87M
Participating interests282-€4.87M
Current assets29/58€5.18M€5.47M▲
Amounts receivable within one year40/41€4.48M€2.66M▼
Trade receivables40€474k€491k▲
Other amounts receivable41€4.01M€2.17M▼
Current investments50/53€417k€2.37M▲
Other investments51/53€417k€2.37M▲
Cash at bank and in hand54/58€63k€161k▲
Deferred charges and accrued income490/1€217k€271k▲
Equity and liabilities
Total equity and liabilities10/49€754.22M€758.50M▲
Equity10/15€722.92M€697.95M▼
Contributions10/11€199k€199k=
Reserves13€12.76M€12.76M=
Non-distributable reserves130/1€20k€20k=
Reserves not available under the articles1311€20k€20k=
Distributable reserves133€12.74M€12.74M=
Profit (loss) carried forward14€709.95M€684.99M▼
Provisions and deferred taxes16€11k€4k▼
Deferred taxes168€11k€4k▼
Amounts payable17/49€31.29M€60.54M▲
Amounts payable after more than one year17€3.50M€3.04M▼
Financial debts170/4€3.50M€3.04M▼
Credit institutions173€3.50M€3.04M▼
Amounts payable within one year42/48€26.89M€56.20M▲
Current portion of amounts payable after more than one year42€457k€550k▲
Financial debts43-€14.20M
Credit institutions430/8-€14.20M
Trade debts44€9k€11k▲
Suppliers440/4€9k€11k▲
Taxes, remuneration and social security45€185k€194k▲
Taxes450/3€185k€194k▲
Other amounts payable47/48€26.23M€41.24M▲
Accrued charges and deferred income492/3€900k€1.30M▲
Income statement
Code20242025
Operating income70/76A€2.20M€2.28M▲
Turnover70€1.66M€1.71M▲
Other operating income74€536k€569k▲
Operating charges60/66A€1.28M€1.23M▼
Services and other goods61€96k€91k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.02M€957k▼
Other operating charges640/8€160k€183k▲
Operating profit (loss)9901€923k€1.05M▲
Financial income75/76B€25.17M€29.86M▲
Recurring financial income75€25.17M€29.86M▲
Income from financial fixed assets750€24.90M€29.70M▲
Income from current assets751€208k€161k▼
Other financial income752/9€63k-
Financial charges65/66B€365k€491k▲
Recurring financial charges65€365k€491k▲
Debt charges650€353k€448k▲
Other financial charges652/9€12k€43k▲
Profit (loss) for the period before taxes9903€25.73M€30.42M▲
Transfer from deferred taxes780€7k€7k=
Income taxes67/77€211k€190k▼
Taxes670/3€211k€190k▼
Profit (loss) for the period9904€25.52M€30.23M▲
Profit (loss) for the period to be appropriated9905€25.52M€30.23M▲
Appropriation of the result
Profit (loss) to be appropriated9906€709.95M€740.19M▲
Profit (loss) brought forward from the previous period14P€684.43M€709.95M▲
Profit to be distributed694/7-€55.20M
Return on contributions (dividend)694-€55.20M
The notes to these accounts (34 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 · full schema · 27 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 27 days late
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated · 27 days late
2024
31-12
Financial
Weakest financial yearnet €25.52M ▼3.9%
Net result drops to €25.52M, the lowest in the series; recovery starts the following year.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 21 days late
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated · 21 days late
18-01
State Gazette act
Appointment: De Roover & Partners Bedrijfsrevisoren (statutory auditor)Permanent representative: Guy De Roover3 facts ▸
State Gazette act
Appointment: De Roover & Partners Bedrijfsrevisoren (statutory auditor)
Permanent representative: Guy De Roover3 facts ▸
- General meeting, 10/03/2023
- Auditor appointment, De Roover & Partners Bedrijfsrevisoren (statutory auditor)
- Permanent representative, Guy De Roover
2023
12-08
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated · 8 days late
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 8 days late
16-02
State Gazette act
Statutes amendment · Resignations & appointmentsName change · Statutes amendment · Power of attorney9 facts ▸
State Gazette act
Statutes amendment · Resignations & appointments
Name change · Statutes amendment · Power of attorney9 facts ▸
- General meeting, 2 februari 2023
- Name change, PBM Finance
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Power of attorney, de bestuurders
2022
08-07
State Gazette act
Capital & shares · RestructuringDemerger · Dissolution · Accounting effect8 facts ▸
State Gazette act
Capital & shares · Restructuring
Demerger · Dissolution · Accounting effect8 facts ▸
- General meeting, 08/06/2022
- Demerger, Fibemi
- Demerger, Fibemi
- Dissolution, splitsing zonder vereffening
- Accounting effect, 01/01/2022
- Share issue, 750, 72.595,42 EUR
- Capital increase, €54.446.565,63
- Statutes amendment
26-04
State Gazette act
RestructuringDemerger · Accounting effect · Real estate16 facts ▸
State Gazette act
Restructuring
Demerger · Accounting effect · Real estate16 facts ▸
- Demerger, splitsing door overneming
- Demerger, splitsing door overneming
- Accounting effect, 01/01/2022
- Real estate, Onroerend goed gelegen te Knokke-Heist, Zwinlaan 27-31 (appartementen 16, 17, 8, 9, A7, 54C, B34 en bijhorende kelders/parking), partitienummers 715G12P0042, 71…
- Real estate, Onroerend goed gelegen te Knokke-Heist, Zeedijk 562-563 (Residentie Savarin, commercieel winkelpand), partitienummer 318/P0016
- Real estate, Woon- en handelshuis gelegen te Knokke-Heist, Oosthoekplein 25-26, sectie G nummer 4/H/6P0000
- Real estate, Burelen- en handelscomplex gelegen te Antwerpen, Franklin Rooseveltplaats 8/18, kantoren en parking, partitienummers 1243H4 P0007, 1243H4 P0005, 1243H4P0004
- Real estate, Logistiek gebouw gelegen te Puurs, Brabantstraat zonder nummer (Polders van Pullaar), partitienummer 0258DP0001
- Real estate, Building gelegen te Brussel, Citroenbomenlaan 60, sectie A nummer 0003Z71P0000
- Real estate, Investeringseigendom gelegen te Elsene, Jules Lejeunestraat 4, sectie B nummer 342/L/8P0000
- Real estate, Handelseigendom met woonst gelegen te Antwerpen, Mechelsesteenweg 279, sectie F nummer 1354/T/8 P001
- Asset transfer, FIBEMI NV
- +4 further facts in this act
15-04
State Gazette act
IncorporationAppointments: Victor Moortgat, Bernard Moortgat and Michel Moortgat · Founder · Founding capital8 facts ▸
State Gazette act
Incorporation
Appointments: Victor Moortgat, Bernard Moortgat and Michel Moortgat · Founder · Founding capital8 facts ▸
- Incorporation, 12 april 2022
- Founder, BEMO
- Founder, LEMA
- Founder, LP Invest
- Founding capital, €2.505
- Director appointment, Victor Moortgat (non-statutory director)
- Director appointment, Bernard Moortgat (non-statutory director)
- Director appointment, Michel Moortgat (non-statutory director)
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2022
This board is reconstructed from a single act (22325502). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Bernard Moortgat
CurrentNon-statutory director · since 12-04-2022
Michel Moortgat
CurrentNon-statutory director · since 12-04-2022
Victor Moortgat
CurrentNon-statutory director · since 12-04-2022
12-04-2022
Bernard Moortgat: Appointed as Non-statutory director
12-04-2022
Michel Moortgat: Appointed as Non-statutory director
12-04-2022
Victor Moortgat: Appointed as Non-statutory director
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2022
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.
Bospleinlaan 11000 BrusselGround area
2,711 m²
Building footprint
338 m²
Volume, LiDAR
2,274 m³
Parcel 21822R0270/00Z002, Brussels · tallest building 17.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
D'NOUVELLE
since 20222.331.070.346
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0270/00Z002 | Brussels | 2,711 m² | 1 · 338 m² | 17.4 m · 2 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.
Statutory auditor
1 auditor| De Roover & Partners BedrijfsrevisorenCurrent Statutory auditor · represented by Guy De Roover | 18-01-2024 → present |
Articles of association
Purpose
De vennootschap heeft tot voorwerp, zowel in België als in het buitenland, zowel in elgen naam en/of voor eigen rekening als in naam en/of voor rekening van derden, alleen of in…
Full purpose
De vennootschap heeft tot voorwerp, zowel in België als in het buitenland, zowel in elgen naam en/of voor eigen rekening als in naam en/of voor rekening van derden, alleen of in samenwerking met derden: 1.Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend patrimonium... 14.Het waarnemen van alle bestuursopdrachten in andere vennootschappen, het uitoefenen van mandaten en functies in alle ondernemingen.
Structure & network
Connections & network
11 connected companiesLinked via shared directors
via Bernard Moortgat · Permanent representative
→
→
via Michel Moortgat · Permanent representative
→
via Victor Moortgat · Director
→
Show 7 more companies with a shared director
→
via Michel Moortgat · Director
→
via Michel Moortgat · Director
former→
via Michel Moortgat · Director
former→
via Michel Moortgat · Permanent representative
former→
via Michel Moortgat · Permanent representative
former→
via Michel Moortgat · Director
former→
Acquisitions and mergers
1 transactionDemerger with:FIBEMI NV
Capital and shareholders
Shareholders according to the acts
At incorporation
act of 15-04-2022 ↗
- BEMO (BE 0463.200.437) 250 shares (33.3%) · 835 EUR
- LEMA 250 shares (33.3%) · 835 EUR
- LP Invest 250 shares (33.3%) · 835 EUR
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 08-07-2022 Capital increase of 54,446,565.63 EUR · to 54,449,070.63 EUR
- 15-04-2022 Incorporation · 2,505 EUR · 750 shares
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Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 480 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 formPrivate limited company
Founded13-04-2022
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68121Development of residential building projects
68122Development of non-residential building projects
70200Business and other management consultancy
82990Other business support 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.