P&G
Open bankruptcyA bankruptcy procedure is open for P&G according to publications in the Belgian State Gazette; curator: LINSE DE LEEUW.
Summary
The 2020 annual accounts show negative equity (€-84k) and a net result of €-61k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2020, abbreviated schema
Equity
€-84k▼ 267%
2019 · €-23k
2018: €-20k
2019: €-23k
2018 → 2020
Total assets
€48k▲ 1,004%
2019 · €4k
2018: €6k
2019: €4k
2018 → 2020
Net result
€-61k▼ 1,970%
2019 · €-3k
2018: €-12k
2019: €-3k
2018 → 2020
Working capital
€-117k▼ 376%
2019 · €-24k
2018: €-22k
2019: €-24k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€-20k-€-23k▼ 14.8%€-84k▼ 267%
Operating result€-10k-€-1k▲ 86.3%€-60k▼ 4,356%
Net result€-12k-€-3k▲ 76.1%€-61k▼ 1,970%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €60k in 2020 against €1k in 2019; the loss grows and 2020 has the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €48k
Fixed assets
€33k ▲ 1,811%
Current assets
€15k ▲ 481%
Key figures and ratios
EBITDA
€-56k▼
2019 · €542
Cash flow
€-57k▼
2019 · €-1k
Solvency
-172.6%
Current ratio
0.12
Quick ratio
0.11
ROA
-125.6%
Debt
€132k▲
2019 · €27k
Debt ≤ 1 year
€132k▲
2019 · €27k
Income taxes
€0
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 · 2020 against 2019 · 26 lines
Balance sheet
Code20192020
Assets
Total assets20/58€4k€48k▲
Fixed assets21/28€2k€33k▲
Intangible fixed assets21-€9k
Tangible fixed assets22/27€1k€23k▲
Financial fixed assets28€471€1k▲
Current assets29/58€3k€15k▲
Stocks and contracts in progress3-€1k
Amounts receivable within one year40/41€2k€3k▲
Cash at bank and in hand54/58€595€11k▲
Equity and liabilities
Total equity and liabilities10/49€4k€48k▲
Equity10/15€-23k€-84k▼
Contributions10/11€25k-
Reserves13€31€31=
Profit (loss) carried forward14€-48k€-108k▼
Amounts payable17/49€27k€132k▲
Amounts payable within one year42/48€27k€132k▲
Trade debts44€7k€895▼
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€4k▲
Gross operating margin9900€5k€23k▲
Operating profit (loss)9901€-1k€-60k▼
Recurring financial income75-€10
Recurring financial charges65€2k€647▼
Profit (loss) for the period before taxes9903€-3k€-61k▼
Income taxes67/77-€0
Profit (loss) for the period9904€-3k€-61k▼
Profit (loss) for the period to be appropriated9905€-3k€-61k▼
Timeline · acts, filings and financial milestones
2022
20-06
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · P&G BV GANZENDRIES 234, 9000 GENT · event 14-06-2022
2021
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 91 days late
2020
31-12
Financial
Weakest financial yearnet €-61k
Net result drops to €-61k, the lowest in the series.
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 55 days late
2017
26-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 87 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 61 days late
2014
25-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
30-09
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 61 days late
2012
16-11
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 108 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Gent · 1 establishment unit since 1998
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.
Ganzendries 2349000 GentGround area
188 m²
Building footprint
188 m²
Volume, LiDAR
2,320 m³
Parcel 44809I0658/00P002, Flanders · tallest building 14.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Ganzendries 234, 9000 Gent
since 19982.088.361.104
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809I0658/00P002 | Flanders | 188 m² | 1 · 188 m² | 14.8 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 | LINSE DE LEEUW BRUSSELSESTEENWEG 691,
9050 GENTBRUGGE |
14-06-2022 → present |
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Of 6,710 companies in sector 96230 we hold annual accounts for 628. 407 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded04-08-1998
Fiscal year end31-12
Activities, NACEBEL 2025
96230Day spas, saunas and steam baths
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68204Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.