P. ELIAS
InactiveP. ELIAS was declared bankrupt on 05-03-2024 (Ondernemingsrechtbank Gent, afdeling Oudenaarde); the bankruptcy was closed for insufficient assets by judgment of 24-04-2025, published in the Belgian State Gazette on 02-05-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2022.
Signals
Four 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 · 2 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline23-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 06-10-2023, 67 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
67 d late
2021
107 d late
← before the deadline
after the deadline →
Financials · fiscal year 2022, abbreviated schema
Equity
€-37k▼ 418%
2021 · €-7k
2021: €-7k
2021 → 2022
Total assets
€29k▼ 22.9%
2021 · €38k
2021: €38k
2021 → 2022
Net result
€-30k▼ 11.0%
2021 · €-27k
2021: €-27k
2021 → 2022
Working capital
€-57k▼ 146%
2021 · €-23k
2021: €-23k
2021 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022Trend
Equity€-7k-€-37k▼ 418%
Operating result€-27k-€-30k▼ 10.8%
Net result€-27k-€-30k▼ 11.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €30k in 2022 against €27k in 2021; the loss grows.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €29k
Fixed assets
€21k▼ 4.6%
Current assets
€9k▼ 47.4%
Key figures and ratios
EBITDA
€-29k▼
2021 · €-25k
Cash flow
€-29k▼
2021 · €-26k
Solvency
-128.0%▼
2021 · -19.0%
Current ratio
0.13▼
2021 · 0.41
Quick ratio
0.10▼
2021 · 0.34
Debt / equity
-1.78▲
2021 · -6.25
ROA
-103.2%▼
2021 · -71.7%
Interest coverage
-43.86▲
2021 · -46.88
Debt
€67k▲
2021 · €45k
Debt ≤ 1 year
€66k▲
2021 · €40k
Staff costs
€146k▼
2021 · €258k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€38k€29k▼
Fixed assets21/28€22k€21k▼
Intangible fixed assets21€9k€8k▼
Financial fixed assets28€13k€13k=
Current assets29/58€16k€9k▼
Stocks and contracts in progress3€3k€2k▼
Stocks30/36€3k€2k▼
Amounts receivable within one year40/41€209€3k▲
Trade receivables40€209€0▼
Other amounts receivable41-€3k
Cash at bank and in hand54/58€11k€4k▼
Deferred charges and accrued income490/1€2k€0▼
Equity and liabilities
Total equity and liabilities10/49€38k€29k▼
Equity10/15€-7k€-37k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€-27k€-57k▼
Amounts payable17/49€45k€67k▲
Amounts payable within one year42/48€40k€66k▲
Trade debts44€11k€30k▲
Suppliers440/4€11k€30k▲
Taxes, remuneration and social security45€25k€29k▲
Taxes450/3€7k€15k▲
Remuneration and social security454/9€17k€14k▼
Other amounts payable47/48€4k€6k▲
Accrued charges and deferred income492/3€6k€1k▼
Income statement
Code20212022
Remuneration, social security and pensions62€258k€146k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€1k€0▼
Other operating charges640/8€322€5k▲
Gross operating margin9900€234k€122k▼
Operating profit (loss)9901€-27k€-30k▼
Financial charges65/66B€539€652▲
Recurring financial charges65€539€652▲
Profit (loss) for the period before taxes9903€-27k€-30k▼
Profit (loss) for the period9904€-27k€-30k▼
Profit (loss) for the period to be appropriated9905€-27k€-30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-27k€-57k▼
Profit (loss) brought forward from the previous period14P-€-27k
Social balance
Average headcount (FTE)90877.05.5▼
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
02-05
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Oudenaarde · P. ELIAS BV HOOGSTRAAT 19, 9700 OUDENAARDE · event 24-04-2025
2024
15-03
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Oudenaarde · P. ELIAS BV HOOGSTRAAT 19, 9700 OUDENAARDE · event 05-03-2024
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 67 days late
2022
15-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 107 days late
SignalNBB filing
Directors · office · real estate
Directors
1 act for this company is 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
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Ali HEERMAN EINESTRAAT 34, 9700 OUDENAARDE- |
05-03-2024 → present |