Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2023 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 19 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 8.8 to 6.8.
Financials
Financial year 2025
PS TESTWARE from Leuven, company number BE0452033559, closed financial year 2025 with a result of € -802,143 after tax. For that financial year PS TESTWARE recorded a gross margin of € 1.4 million and equity of € -246,791. Compared with financial year 2023, the result moved from € -24,589 to € -802,143. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 13, 2026.
€ -246,791
▼ € 263,143 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -802,143
▼ 3162 % more loss than in 2023
Profit after tax over the fiscal year.
€ 32,177
▼ 59% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.5 million.
People and assets in 2025
6.8
▼ 0.2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 1.6 million
▲ 102% vs 2023
€ 229,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 375,000
Loans from banks and other lenders, long and short.
€ 185,733
▲ 57% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 417,308
▲ 23% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2025 | Change 2023 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 854,679 | € 630,700 | € 714,764 | € 1,411,758 | ▲ 98% |
| Profit after taxes | € 23,894 | € -160,450 | € -24,589 | € -802,143 | ▼ € 777,554 |
| Equity | € 201,392 | € 40,942 | € 16,352 | € -246,791 | ▼ € 263,143 |
| Total debts | € 1,310,407 | € 1,722,322 | € 1,948,246 | € 2,179,606 | ▲ 12% |
| Cash | € 82,688 | € 107,528 | € 78,765 | € 32,177 | ▼ 59% |
| Retained profit | € -465,342 | € -625,792 | € -650,381 | € -1,452,524 | ▼ € 802,143 |
| Bank debt | € 387,904 | € 387,904 | € 376,401 | € 375,000 | |
| Balance sheet total | € 1,511,799 | € 1,763,264 | € 1,964,598 | € 1,932,815 | ▼ 2% |
| Employees (FTE) | 8.8 | 8.8 | 7 | 6.8 | ▼ 0.2 |
Key figures of PS TESTWARE, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 July 2027.
What happened to PS TESTWARE?
What happened at PS TESTWARE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 802,143. Source: NBB ↗
- Olivier Denoo stepped down as director. NBB
- Stefaan Sterck stepped down as director. NBB
- PS_Management BVBA became a director. NBB
- Olivier Denoo became a director. NBB
- Stefaan Sterck became a director. NBB
- New establishment in Leuven. KBO
- Start of the company according to the CBE. KBO
In short
From € 23,894 profit in 2021 to € 802,143 loss in 2025.
Paid € 6,744 in corporate taxes since 2021.
Best year ever: 2021, with € 23,894 profit.
On average € 207,600 of value added per employee in 2025.
Management
Behind PS TESTWARE is PS_Management BVBA. It owns 100% of PS-Testware SAS and 99.5% of Conosa itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Sterck Peter
since 2019
Olivier Denoo
Director
since 2019 · until 2025
since 2019 · until 2025
Establishments
Establishment units
Physical locations of this company
Tiensesteenweg 343
3010 Leuven
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
GOOGLE - Google LLC, US
Domain
Domain
pstestware.com
Registered
1998-10-26
Registrar
Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA
Expires
2026-10-25
Website info
Features
Security
Details
- Company number
- 0452.033.559
- VAT number
- BE 0452.033.559
- Registered office
- Tiensesteenweg 343, 3010 Leuven
- Names & denominations
- PS TESTWARE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 January 1994
- Peppol
- Active · Active since 29 Mar 2024
- Contact
- pstestware.com
- Activities · NACE
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