ETABLISSEMENTS PIRRELLO
InactiveETABLISSEMENTS PIRRELLO was declared bankrupt on 27-05-2024 (Tribunal de l’entreprise de Liège, division Liège); the bankruptcy was closed by liquidation by judgment of 15-07-2025, published in the Belgian State Gazette on 22-07-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 26-06-2023, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
35 d early
2021
31 d late
2020
1 d early
2019
101 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€-8k▲ 57.2%
2021 · €-18k
2018: €-32k
2019: €-60k
2020: €-44k
2021: €-18k
2018 → 2022
Total assets
€83k▲ 37.0%
2021 · €61k
2018: €47k
2019: €43k
2020: €35k
2021: €61k
2018 → 2022
Net result
€10k▼ 61.7%
2021 · €26k
2018: €5k
2019: €-27k
2020: €16k
2021: €26k
2018 → 2022
Working capital
€-26k▲ 33.1%
2021 · €-39k
2018: €-37k
2019: €-66k
2020: €-50k
2021: €-39k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€-32k-€-60k▼ 84.8%€-44k▲ 26.7%€-18k▲ 59.9%€-8k▲ 57.2%
Operating result€11k-€-23k€23k€32k▲ 41.1%€16k▼ 48.6%
Net result€5k-€-27k€16k€26k▲ 64.4%€10k▼ 61.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2022; 2022 is 49% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €83k
Fixed assets
€53k ▲ 149%
Current assets
€30k ▼ 23.8%
Key figures and ratios
EBITDA
€26k▼
2021 · €37k
Cash flow
€19k▼
2021 · €32k
Solvency
-9.1%▲
2021 · -29.0%
Current ratio
0.53▲
2021 · 0.50
Quick ratio
0.52▲
2021 · 0.49
Debt to equity
-12.02▼
2021 · -4.44
ROA
12.1%▼
2021 · 43.4%
Interest coverage
4.50▼
2021 · 6.86
Debt
€91k▲
2021 · €78k
Debt ≤ 1 year
€56k▼
2021 · €78k
Debt > 1 year
€31k
Income taxes
€595▲
2021 · €128
Staff costs
€60k▲
2021 · €56k
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 · 2022 against 2021 · 54 lines
Balance sheet
Code20212022
Assets
Total assets20/58€61k€83k▲
Fixed assets21/28€21k€53k▲
Intangible fixed assets21-€0
Tangible fixed assets22/27€20k€52k▲
Plant, machinery and equipment23€1k€2k▲
Furniture and vehicles24€17k€5k▼
Leasing and similar rights25-€45k
Other tangible fixed assets26€2k€893▼
Financial fixed assets28€934€934=
Current assets29/58€39k€30k▼
Stocks and contracts in progress3€650€650=
Stocks30/36€650€650=
Amounts receivable within one year40/41€30k€24k▼
Trade receivables40€15k€13k▼
Other amounts receivable41€15k€11k▼
Cash at bank and in hand54/58€823€542▼
Deferred charges and accrued income490/1€8k€5k▼
Equity and liabilities
Total equity and liabilities10/49€61k€83k▲
Equity10/15€-18k€-8k▲
Contributions10/11€20k€20k=
Reserves13€5k€5k=
Non-distributable reserves130/1€5k€5k=
Reserves not available under the articles1311€5k€5k=
Profit (loss) carried forward14€-42k€-32k▲
Amounts payable17/49€78k€91k▲
Amounts payable after more than one year17-€31k
Financial debts170/4-€31k
Amounts payable within one year42/48€78k€56k▼
Current portion of amounts payable after more than one year42-€7k
Financial debts43€15k€6k▼
Credit institutions430/8€15k€6k▼
Trade debts44€36k€27k▼
Suppliers440/4€36k€27k▼
Advances received on contracts in progress46€649€3k▲
Taxes, remuneration and social security45€27k€12k▼
Taxes450/3€18k€6k▼
Remuneration and social security454/9€9k€6k▼
Accrued charges and deferred income492/3-€4k
Income statement
Code20212022
Remuneration, social security and pensions62€56k€60k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€9k▲
Other operating charges640/8€7k€19k▲
Non-recurring operating charges66A-€474
Gross operating margin9900€100k€105k▲
Operating profit (loss)9901€32k€16k▼
Financial income75/76B€13€16▲
Recurring financial income75€13€16▲
Financial charges65/66B€5k€6k▲
Recurring financial charges65€5k€6k▲
Profit (loss) for the period before taxes9903€26k€11k▼
Income taxes67/77€128€595▲
Profit (loss) for the period9904€26k€10k▼
Profit (loss) for the period to be appropriated9905€26k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-42k€-32k▲
Profit (loss) brought forward from the previous period14P€-69k€-42k▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
22-07
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise de Liège, division Liège · ETS SANTORO SRL RUE ELVAUX 57, 4680 OUPEYE. déclarée le 27 mai 2024 · event 15-07-2025
2024
31-05
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · ETS SANTORO SRL RUE ELVAUX 57, 4680 OUPEYE · event 27-05-2024
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €26k ▲64.4%
Operating result €32k, net result €26k, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
31-12
Financial
Weakest financial yearnet €-27k ▼602%
Net result drops to €-27k, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Show earlier events
2016
12-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 12 days late
2015
30-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
08-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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
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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | FRANCOIS LIGOT PLACE DU HAUT PRE, 10,
4000 LIEGE 1 |
27-05-2024 → 15-07-2025 |
| Curator | THIERRY CAVENAILE PLACE DU HAUT PRE 10, 4000 LIEGE 1 |
27-05-2024 → 15-07-2025 |