ACTIVE

Pulse&Co

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Financial year 2025 · closed on 31/12/2025

Net result

39,2 k €

-94.4% YoY

Gross margin

111,8 k €

-89.1% YoY

Equity

1 M €

+3.9% YoY

What does Pulse&Co do?

Pulse&Co is a Private limited company incorporated in 1995. Its registered office is in Thuin.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0454.749.757

Incorporation

01/03/1995

Legal form

Private limited company

Registered office

Rue de Marchienne(GOZ) 101
6534 Thuin · WallonieSee on map

Contributed capital

40 000,00 €

Latest accounts

31/12/2025

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	111,8 k €	-89.1%	1 M €	+184%	360,5 k €	+14.4%	315,2 k €	-4.5%	329,9 k €	+10.3%	299,2 k €	+8.2%	276,5 k €	-8.6%	302,5 k €	-0.8%	304,9 k €	+18.2%	258 k €	-10.6%	288,6 k €	-6.4%	308,5 k €	-23.1%	400,9 k €	+2.9%	389,8 k €	-4.0%	406 k €	+1.8%	398,7 k €	+13.0%	352,9 k €	-3.9%	367,2 k €	-5.5%	388,4 k €	+3.3%	375,9 k €
EBITDA	95,6 k €	-90.1%	968 k €	+725%	117,3 k €	+51.4%	77,5 k €	-14.6%	90,8 k €	+19.0%	76,3 k €	+94.2%	39,3 k €	-47.2%	74,4 k €	-7.5%	80,5 k €	+93.5%	41,6 k €	-8.7%	45,6 k €	-36.6%	71,9 k €	-27.4%	99,1 k €	-3.9%	103,1 k €	-8.2%	112,4 k €	+208%	36,4 k €	+2730%	1,3 k €	-98.1%	66,6 k €	+44.2%	46,2 k €	-7.0%	49,6 k €
Operating result	42,4 k €	-95.4%	914,7 k €	+968%	85,7 k €	+69.9%	50,4 k €	-14.1%	58,7 k €	+23.8%	47,4 k €	+370%	10,1 k €	-47.5%	19,2 k €	-62.4%	51,1 k €	+385%	10,5 k €	-14.3%	12,3 k €	-68.0%	38,4 k €	-34.2%	58,3 k €	-21.0%	73,8 k €	-7.4%	79,7 k €	+2523%	-3,3 k €	+91.4%	-38,4 k €	-262%	23,6 k €	+186%	8,3 k €	-35.8%	12,9 k €
Net result	39,2 k €	-94.4%	695,4 k €	+1144%	55,9 k €	+47.3%	37,9 k €	-8.2%	41,3 k €	+26.3%	32,7 k €	+366%	7 k €	-44.1%	12,6 k €	-57.4%	29,5 k €	+756%	3,5 k €	-54.0%	7,5 k €	-33.5%	11,3 k €	-64.9%	32,2 k €	+51.9%	21,2 k €	-62.8%	57 k €	+328%	-25 k €	+60.8%	-63,7 k €	-1978%	3,4 k €	+153%	-6,4 k €	-4413%	-141 €
Balance sheet
Equity	1 M €	+3.9%	1 M €	+223%	311,3 k €	+21.9%	255,4 k €	+17.5%	217,4 k €	+23.5%	176,1 k €	+22.8%	143,4 k €	+5.1%	136,4 k €	+10.2%	123,8 k €	-27.3%	170,3 k €	+2.1%	166,8 k €	+5.7%	157,8 k €	+8.8%	145 k €	+30.8%	110,8 k €	+23.6%	89,6 k €	+192%	30,7 k €	-38.2%	49,7 k €	-55.4%	111,3 k €	+6.6%	104,5 k €	+0.6%	103,8 k €
Total assets	1,4 M €	+1.0%	1,4 M €	+111%	659,9 k €	+59.4%	413,9 k €	+5.7%	391,4 k €	+0.4%	389,9 k €	-0.1%	390,2 k €	+12.8%	345,9 k €	-0.6%	347,9 k €	+0.4%	346,7 k €	-15.6%	410,8 k €	-1.6%	417,5 k €	-12.8%	478,8 k €	+20.1%	398,7 k €	-0.7%	401,7 k €	-1.7%	408,7 k €	-6.9%	438,8 k €	+10.9%	395,5 k €	-16.1%	471,7 k €	+8.4%	435 k €
Cash	422,9 k €	+99.0%	212,5 k €	+14.3%	186 k €	+32.5%	140,4 k €	+40.1%	100,2 k €	+51.8%	66 k €	+119%	30,1 k €	-39.4%	49,7 k €	+78.6%	27,8 k €	+1733%	1,5 k €	-41.9%	2,6 k €	+41.6%	1,8 k €	+38.9%	1,3 k €	-31.9%	2 k €	+741%	232 €	-65.2%	667 €	+31.6%	507 €	-77.4%	2,2 k €	-2.1%	2,3 k €	+1126%	187 €
Debts	134,9 k €	-13.9%	156,6 k €	-54.9%	347,4 k €	+120%	158,2 k €	-8.9%	173,6 k €	-18.7%	213,5 k €	-13.0%	245,4 k €	+17.4%	208,9 k €	-6.7%	224 k €	+26.9%	176,4 k €	-27.7%	244 k €	-6.0%	259,7 k €	-22.2%	333,8 k €	+15.9%	287,9 k €	-7.7%	312 k €	-17.5%	378 k €	-2.9%	389,1 k €	+36.9%	284,2 k €	-22.6%	367,2 k €	+10.9%	331,2 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		3,2 ETP	0.0%	3,2 ETP	-27.3%	4,4 ETP	+2.3%	4,3 ETP	-12.2%	4,9 ETP	-42.4%	8,5 ETP	+21.4%	7,0 ETP	+6.1%	6,6 ETP	-22.4%	8,5 ETP	-1.2%	8,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

Romuald Mazy

Administrator - manager · since 13 décembre 2017

Active

Ended mandates

CARL GENEVROIS

Director · since 21 décembre 2020

Ended

PATRICIA VERHASSELT

Mandate

Ended

PATRICIA VERHASSELT

Manager

Ended

ROMUALD MAZY

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
HELOUPI● Active	1032.162.350
MGRI● Active	0845.562.262
NAUTIC● Active	0422.977.606
ProVise● Active	0825.832.363
TaxPulse● Active	0834.435.372

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/07/2026	31/08/2025	11/08/2024	30/08/2023	18/08/2022	26/08/2021
General meeting	12/06/2026	13/06/2025	14/06/2024	16/06/2023	11/06/2022	18/08/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	12/06/2026	26/07/2026	French	PDF
Micro model	31/12/2024	13/06/2025	31/08/2025	French	PDF
Micro model	31/12/2023	14/06/2024	11/08/2024	French	PDF
Micro model	31/12/2022	16/06/2023	30/08/2023	French	PDF
Micro model	31/12/2021	11/06/2022	18/08/2022	French	PDF
Micro model	31/12/2020	18/08/2021	26/08/2021	French	PDF
Micro model	31/12/2019	22/08/2020	31/08/2020	French	PDF
Micro model	31/12/2018	08/06/2019	24/07/2019	French	PDF
Micro model	31/12/2017	09/06/2018	11/08/2018	French	PDF
Micro model	31/12/2016	30/06/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	17/06/2016	20/07/2016	French	PDF
Abridged model	31/12/2014	19/06/2015	23/07/2015	French	PDF
Abridged model	31/12/2013	20/06/2014	13/08/2014	French	PDF
Abridged model	31/12/2012	17/06/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	15/06/2012	05/07/2012	French	PDF
Abridged modelCorrection	31/12/2010	30/06/2011	11/04/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	01/09/2011	French	PDF
Abridged model	31/12/2009	06/09/2010	17/09/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	24/08/2009	French	PDF
Abridged model	31/12/2007	14/06/2008	21/08/2008	French	PDF
Abridged model	31/12/2006	12/05/2007	22/05/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

Romuald Mazy

Administrator - manager · since 13 décembre 2017

Active

Ended mandates

CARL GENEVROIS

Director · since 21 décembre 2020

Ended

PATRICIA VERHASSELT

Mandate

Ended

PATRICIA VERHASSELT

Manager

Ended

ROMUALD MAZY

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/04/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DENOMINATION - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates19/01/2021
DEMISSIONS, NOMINATIONS - MODIFICATION FORME JURIDIQUE
PDF
Capital / shares23/01/2018
MODIFICATION DE L'OBJET SOCIAL — REDUCTION DE CAPITAL -
PDF
Mandates23/02/2007
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Capital / shares30/07/2003
OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - ASSEMBLEE GENERALE - CAPITAL, ACTIONS - MODIFICATION FORME JURIDIQUE
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202539,2 k €↓
2024
Annual accounts 2024695,4 k €↑
2023
Annual accounts 202355,9 k €↑
2023
Name changePulse&Co SRL
2022
Annual accounts 202237,9 k €↓
2022
Name changeFIDUCIAIRE P&R VERHASSELT
2021
Annual accounts 202141,3 k €↑
2021
Name changeFIDUCIAIRE P ET R VERHASSELT
2020
Annual accounts 202032,7 k €↑
2019
Annual accounts 20197 k €↓
2018
Annual accounts 201812,6 k €↓
2017
Annual accounts 201729,5 k €↑
2016
Annual accounts 20163,5 k €↓
2015
Annual accounts 20157,5 k €↓
2014
Annual accounts 201411,3 k €↓
2013
Annual accounts 201332,2 k €↑
2012
Annual accounts 201221,2 k €↓
2011
Annual accounts 201157 k €↑
2010
Annual accounts 2010-25 k €↑
2009
Annual accounts 2009-63,7 k €↓
2008
Annual accounts 20083,4 k €↑
2007
Annual accounts 2007-6,4 k €↓
2006
Annual accounts 2006-141 €
01/03/1995
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Pulse&Co

Overview

What does Pulse&Co do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline