P.B. PROJECTS
Open bankruptcyA bankruptcy procedure is open for P.B. PROJECTS according to publications in the Belgian State Gazette; curator: KJELL SWARTELE.
Summary
The file additionally contains 1 judicial reorganisation. The 2023 annual accounts show equity of €8.9m and a net result of €856,308.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Antwerp, Antwerp division
- Declared bankrupt
- 3 September 2024
- Supervising judge
- Geert De Greef
- Official Gazette
- 07-10-2024 (pdf) ↗search the document for 2024/137705
Curator
- Kjell SwarteleAnselmostraat 2, 2018 Antwerpen 1kjell.swartele@vanhoucke-law.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2023 was due by 31-10-2023 and was filed on 31-08-2023, 61 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
61 d early
2022
76 d early
2021
55 d early
2019
66 d early
2018
68 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 65 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check How is the Wholesale of information and communication equipment sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, full schema
Turnover
€49.3m▼ 12.8%
2022 · €56.6m
EBIT margin
2.5%▼ 1.2pp
2022 · 3.7%
Net result
€856,308▼ 40.5%
2022 · €1.4m
Working capital
€6.8m▲ 15.6%
2022 · €5.9m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202120222023
Turnover€62.7m-€65.6m▲ 4.7%€83.6m-€56.6m▼ 32.3%€49.3m▼ 12.8%
Operating result€894,162-€1.2m▲ 38.5%€1.9m-€2.1m▲ 7.2%€1.2m▼ 41.0%
Net result€550,821-€814,904▲ 47.9%€1.4m-€1.4m▲ 0.5%€856,308▼ 40.5%
EBIT margin1.4%-1.9%▲ 0.5pp2.3%-3.7%▲ 1.4pp2.5%▼ 1.2pp
Equity€6.2m-€5.7m▼ 7.1%€7.1m-€8.1m▲ 12.7%€8.9m▲ 10.6%
Total assets€21.0m-€18.2m▼ 13.2%€14.5m-€14.6m▲ 1.0%€19.1m▲ 30.5%
Debt€14.9m-€12.5m▼ 15.7%€7.3m-€6.5m▼ 10.6%€10.1m▲ 55.1%
Working capital€2.2m-€2.2m▲ 2.6%€4.5m-€5.9m▲ 29.2%€6.8m▲ 15.6%
Staff (FTE)48.8-46.7▼ 4.3%42.7-38.1▼ 10.8%32.6▼ 14.4%
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 41% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €19.1m
Fixed assets
€2.4m ▼ 9.1%
Current assets
€16.7m ▲ 39.1%
Equity and liabilities €19.1m
Equity
€8.9m ▲ 10.6%
Debt
€10.1m ▲ 55.1%
Debt's share of the balance-sheet total rises from 44.8% to 53.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.7m▼
2022 · €2.9m
Cash flow
€1.3m▼
2022 · €2.2m
Current ratio
1.68▼
2022 · 1.96
Quick ratio
1.33▼
2022 · 1.45
Debt to equity
1.14▲
2022 · 0.81
ROE
9.6%▼
2022 · 17.9%
ROA
4.5%▼
2022 · 9.9%
Interest coverage
83.41▼
2022 · 135.64
Debt ≤ 1 year
€9.9m▲
2022 · €6.1m
Debt > 1 year
€201,586▼
2022 · €362,637
Income taxes
€330,629▼
2022 · €609,421
Staff costs
€2.1m▼
2022 · €2.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €59.7m | €52.2m | ▼ 12.5% |
| Turnover70 | €62.7m | €65.6m | €83.6m | €56.6m | €49.3m | ▼ 12.8% |
| Other operating income74 | - | - | - | €3.1m | €2.9m | ▼ 6.6% |
| Operating charges60/66A | - | - | - | €57.6m | €51.0m | ▼ 11.5% |
| Goods for resale, raw materials and consumables60 | - | - | - | €51.7m | €45.1m | ▼ 12.7% |
| Purchases600/8 | - | - | - | €52.4m | €45.5m | ▼ 13.1% |
| Change in stocks: decrease (increase)609 | - | - | - | -€674,170 | -€372,053 | ▲ 44.8% |
| Services and other goods61 | - | - | - | €3.1m | €3.3m | ▲ 7.9% |
| Remuneration, social security and pensions62 | - | - | - | €2.1m | €2.1m | ▼ 2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €991,360 | €1.0m | €1.6m | €771,218 | €446,920 | ▼ 42.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€4.0m | €26,392 | ▲ 101% |
| Other operating charges640/8 | - | - | - | €4.0m | €29,331 | ▼ 99.3% |
| Non-recurring operating charges66A | - | - | - | - | €1,064 | - |
| Operating profit (loss)9901 | €894,162 | €1.2m | €1.9m | €2.1m | €1.2m | ▼ 41.0% |
| Financial income75/76B | - | - | - | €7,145 | €10,421 | ▲ 45.9% |
| Recurring financial income75 | €17,276 | €26,201 | €49,859 | €7,145 | €7,659 | ▲ 7.2% |
| Income from financial fixed assets750 | - | - | - | €450 | €150 | ▼ 66.7% |
| Other financial income752/9 | - | - | - | €6,695 | €7,509 | ▲ 12.2% |
| Non-recurring financial income76B | - | - | - | - | €2,762 | - |
| Financial charges65/66B | - | - | - | €45,957 | €55,039 | ▲ 19.8% |
| Recurring financial charges65 | €66,142 | €62,249 | €96,948 | €45,957 | €55,039 | ▲ 19.8% |
| Debt charges650 | €42,293 | €41,499 | €71,245 | €21,076 | €20,123 | ▼ 4.5% |
| Other financial charges652/9 | - | - | - | €24,881 | €34,916 | ▲ 40.3% |
| Profit (loss) for the period before taxes9903 | €845,296 | €1.2m | €1.9m | €2.0m | €1.2m | ▼ 42.1% |
| Income taxes67/77 | €294,475 | €387,061 | €467,977 | €609,421 | €330,629 | ▼ 45.7% |
| Taxes670/3 | - | - | - | €609,421 | €330,629 | ▼ 45.7% |
| Profit (loss) for the period9904 | €550,821 | €814,904 | €1.4m | €1.4m | €856,308 | ▼ 40.5% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €7,990 | - |
| Transfer to tax-exempt reserves689 | - | - | - | €421,000 | - | - |
| Profit (loss) for the period to be appropriated9905 | €318,321 | €841,860 | €1.4m | €1.0m | €864,298 | ▼ 15.1% |
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €21.0m | €18.2m | €14.5m | €14.6m | €19.1m | ▲ 30.5% |
| Fixed assets21/28 | €4.5m | €3.7m | €3.2m | €2.6m | €2.4m | ▼ 9.1% |
| Intangible fixed assets21 | €52,047 | €34,379 | €14,802 | €10,849 | €6,165 | ▼ 43.2% |
| Tangible fixed assets22/27 | €4.4m | €3.6m | €3.1m | €2.6m | €2.3m | ▼ 9.0% |
| Land and buildings22 | - | - | - | €1.5m | €1.4m | ▼ 6.0% |
| Plant, machinery and equipment23 | - | - | - | €1.0m | €891,174 | ▼ 13.6% |
| Other tangible fixed assets26 | - | - | - | €28,023 | €27,514 | ▼ 1.8% |
| Financial fixed assets28 | €6,212 | €6,077 | €6,077 | €6,077 | €6,077 | = |
| Other financial fixed assets284/8 | - | - | - | €6,077 | €6,077 | = |
| Shares284 | - | - | - | €3,353 | €3,353 | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €2,724 | €2,724 | = |
| Current assets29/58 | €16.5m | €14.6m | €11.3m | €12.0m | €16.7m | ▲ 39.1% |
| Stocks and contracts in progress3 | €3.4m | €2.8m | €2.4m | €3.1m | €3.5m | ▲ 11.1% |
| Stocks30/36 | - | - | - | €3.1m | €3.5m | ▲ 11.1% |
| Goods purchased for resale34 | - | - | - | €3.1m | €3.5m | ▲ 11.1% |
| Amounts receivable within one year40/41 | €10.9m | €9.6m | €7.6m | €8.5m | €10.4m | ▲ 22.1% |
| Trade receivables40 | - | - | - | €7.3m | €8.5m | ▲ 16.5% |
| Other amounts receivable41 | - | - | - | €1.2m | €1.9m | ▲ 55.3% |
| Cash at bank and in hand54/58 | €2.2m | €2.0m | €1.1m | €216,306 | €2.7m | ▲ 1,147% |
| Deferred charges and accrued income490/1 | - | - | - | €130,460 | €107,707 | ▼ 17.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €21.0m | €18.2m | €14.5m | €14.6m | €19.1m | ▲ 30.5% |
| Equity10/15 | €6.2m | €5.7m | €7.1m | €8.1m | €8.9m | ▲ 10.6% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | - | - | - | €100,000 | €100,000 | = |
| Issued capital100 | - | - | - | €100,000 | €100,000 | = |
| Revaluation surpluses12 | - | - | - | €681,214 | €667,508 | ▼ 2.0% |
| Reserves13 | €2.8m | €1.5m | €1.5m | €2.0m | €2.0m | ▲ 0.3% |
| Non-distributable reserves130/1 | - | - | - | €10,000 | €10,000 | = |
| Legal reserve130 | - | - | - | €10,000 | €10,000 | = |
| Tax-exempt reserves132 | - | - | - | €653,500 | €421,000 | ▼ 35.6% |
| Distributable reserves133 | - | - | - | €1.3m | €1.5m | ▲ 18.5% |
| Profit (loss) carried forward14 | €2.6m | €3.4m | €4.8m | €5.3m | €6.2m | ▲ 16.2% |
| Provisions and deferred taxes16 | €4,746 | - | - | - | - | - |
| Amounts payable17/49 | €14.9m | €12.5m | €7.3m | €6.5m | €10.1m | ▲ 55.1% |
| Amounts payable after more than one year17 | €409,165 | €177,938 | €522,775 | €362,637 | €201,586 | ▼ 44.4% |
| Financial debts170/4 | - | - | - | €362,637 | €201,586 | ▼ 44.4% |
| Credit institutions173 | - | - | - | €362,637 | €201,586 | ▼ 44.4% |
| Amounts payable within one year42/48 | €14.4m | €12.3m | €6.8m | €6.1m | €9.9m | ▲ 61.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €160,138 | €161,051 | ▲ 0.6% |
| Financial debts43 | - | - | - | €26,073 | €288,436 | ▲ 1,006% |
| Credit institutions430/8 | - | - | - | €26,073 | €288,436 | ▲ 1,006% |
| Trade debts44 | €13.3m | €11.2m | €5.5m | €4.6m | €8.8m | ▲ 91.2% |
| Suppliers440/4 | - | - | - | €4.6m | €8.8m | ▲ 91.2% |
| Advances received on contracts in progress46 | - | - | - | €148,565 | €135,783 | ▼ 8.6% |
| Taxes, remuneration and social security45 | - | - | - | €543,492 | €473,630 | ▼ 12.9% |
| Taxes450/3 | - | - | - | €247,701 | €142,937 | ▼ 42.3% |
| Remuneration and social security454/9 | - | - | - | €295,791 | €330,693 | ▲ 11.8% |
| Other amounts payable47/48 | - | - | - | €629,233 | €5,976 | ▼ 99.1% |
| Accrued charges and deferred income492/3 | - | - | - | €42,486 | €25,532 | ▼ 39.9% |
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €550,821 | €814,904 | €1.4m | €1.4m | €856,308 | ▼ 40.5% |
| + Depreciation and write-downs630 | €991,360 | €1.0m | €1.6m | €771,218 | €446,920 | ▼ 42.1% |
| Operating cash flow (approximation) | €1.5m | €1.8m | €3.0m | €2.2m | €1.3m | ▼ 41.0% |
| Investment in fixed assets (approximation) | - | -€233,667 | - | -€213,483 | -€210,063 | ▲ 1.6% |
| Change in cash | - | -€258,969 | - | -€910,043 | €2.5m | ▲ 373% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
07-10
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 03-09-2024
29-08
Judicial reorganisation
Transfer under judicial authority
Ondernemingsrechtbank Antwerpen · court-supervised transfer · event 20-06-2024
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-03
Financial
Highest result since 2018net €1.4m ▲0.5%
Operating result €2.1m, net result €1.4m, both a record.
2021
06-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
24-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
21-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
21-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
21-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
18-02
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2013
19-12
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.
0 of 17 acts read
About the unread acts
We know of 17 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
17 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
Registered office, Antwerpen · 1 establishment unit since 1993
Ground area
1.0 ha
Building footprint
1,060 m²
Volume, LiDAR
20,294 m³
Parcel 11003A0289/00S000, Flanders · tallest building 22.7 m, ±7 floors. Linked by address, not a title deed.
16
companies at this address
See who is registered here
1 establishment unit
P.B. Projects
since 19932.064.358.156
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11003A0289/00S000 | Flanders | 1.0 ha | 1 · 1,060 m² | 22.7 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | KJELL SWARTELE ANSELMOSTRAAT 2,
2018 ANTWERPEN 1 |
03-09-2024 → present |
Structure & network
Owners and holdings
2 owners · 1 holdingChain of control
- Heroik
- Level V
- BCD HOLDING
- P.B. PROJECTS
Highest known parent: Heroik. The sources do not say who stands above it.
Owners 2
- BCD HOLDINGparent99.2%
-
0.8%
Holdings 1
-
0.4%
According to the annual accounts to 31-03-2023 of P.B. PROJECTS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 512 EUR awarded · 512 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 99 EUR | 99 EUR |
| 2023 | 1 | 0 EUR | 190 EUR |
| 2022 | 1 | 413 EUR | 223 EUR |
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Of 2,119 companies in sector 46500 we hold annual accounts for 1,403. 303 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded25-10-1993
Fiscal year end31-03
Activities, NACEBEL 2025
46500Wholesale of information and communication equipment
46497Wholesale trade
46649Wholesale of other machinery and equipment
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.