P&P Management International
ActiveP&P Management International has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €527k and a net result of €-24k. Equity is growing by ~25.2% per year across the filed fiscal years. Its solvency ranks better than 53% of 15870 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability16▼-82
Solvency68▼-28
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.22 against 2.22 in 2023; short-term debt: 56.8% and cash: 1.4% of total assets), and 57.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
42.8%
Return on assets
-2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-09-2025, 40 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
40 d late
2023
128 d late
2022
107 d late
2021
472 d late
2020
90 d late
2019
123 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€527k▼ 4.4%
2023 · €551k
2018: €89k
2019: €164k
2020: €212k
2021: €299k
2022: €371k
2023: €551k
2018 → 2024
Total assets
€1.23M▲ 58.7%
2023 · €775k
2018: €479k
2019: €481k
2020: €601k
2021: €700k
2022: €776k
2023: €775k
2018 → 2024
Net result
€-24k
2023 · €180k
2018: €48k
2019: €75k
2020: €75k
2021: €87k
2022: €73k
2023: €180k
2018 → 2024
Working capital
€151k▼ 27.8%
2023 · €209k
2018: €-72k
2019: €-36k
2020: €29k
2021: €66k
2022: €73k
2023: €209k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€212k-€299k▲ 41.0%€371k▲ 24.4%€551k▲ 48.4%€527k▼ 4.4%
Operating result€107k-€138k▲ 29.2%€121k▼ 12.7%€126k▲ 4.7%€-66k
Net result€75k-€87k▲ 16.3%€73k▼ 16.2%€180k▲ 147%€-24k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €66k after €126k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.23M
Fixed assets
€380k▼ 3.9%
Current assets
€849k▲ 124%
Equity and liabilities €1.23M
Equity
€527k▼ 4.4%
Debt
€702k▲ 214%
The debt ratio rises from 28.9% to 57.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-66k▼
2023 · €130k
Cash flow
€-24k▼
2023 · €183k
Solvency
42.8%▼
2023 · 71.1%
Current ratio
1.22▼
2023 · 2.22
Quick ratio
1.22▼
2023 · 2.22
Debt / equity
1.33▲
2023 · 0.41
ROE
-4.6%▼
2023 · 32.6%
ROA
-2.0%▼
2023 · 23.2%
Interest coverage
-12.06▼
2023 · 16.25
Debt
€702k▲
2023 · €224k
Debt ≤ 1 year
€698k▲
2023 · €171k
Debt > 1 year
€4k▼
2023 · €53k
Income taxes
€-41k▼
2023 · €62k
Staff costs
€0▼
2023 · €3k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€775k€1.23M▲
Fixed assets21/28€395k€380k▼
Tangible fixed assets22/27€15k€0▼
Furniture and vehicles24€15k€0▼
Financial fixed assets28€380k€380k=
Current assets29/58€380k€849k▲
Amounts receivable after more than one year29€317k€317k=
Other amounts receivable291€317k€317k=
Amounts receivable within one year40/41€20k€515k▲
Trade receivables40€20k€249k▲
Other amounts receivable41€0€265k▲
Cash at bank and in hand54/58€43k€17k▼
Equity and liabilities
Total equity and liabilities10/49€775k€1.23M▲
Equity10/15€551k€527k▼
Contributions10/11€12k€12k=
Reserves13€539k€539k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€537k€537k=
Profit (loss) carried forward14-€-24k
Amounts payable17/49€224k€702k▲
Amounts payable after more than one year17€53k€4k▼
Financial debts170/4€53k€4k▼
Amounts payable within one year42/48€171k€698k▲
Current portion of amounts payable after more than one year42€48k€124k▲
Financial debts43-€2k
Credit institutions430/8-€2k
Trade debts44€4k€568k▲
Suppliers440/4€4k€568k▲
Taxes, remuneration and social security45€110k€4k▼
Taxes450/3€110k€4k▼
Remuneration and social security454/9€0-
Other amounts payable47/48€9k€0▼
Income statement
Code20232024
Non-recurring operating income76A-€22k
Remuneration, social security and pensions62€3k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€0▼
Other operating charges640/8€50k€3k▼
Gross operating margin9900€183k€-62k▼
Operating profit (loss)9901€126k€-66k▼
Financial income75/76B€124k€6k▼
Recurring financial income75€124k€6k▼
Financial charges65/66B€8k€5k▼
Recurring financial charges65€8k€5k▼
Profit (loss) for the period before taxes9903€242k€-66k▼
Income taxes67/77€62k€-41k▼
Profit (loss) for the period9904€180k€-24k▼
Profit (loss) for the period to be appropriated9905€180k€-24k▼
Appropriation of the result
Profit (loss) to be appropriated9906€180k€-24k▼
Transfer to equity691/2€180k€0▼
To other reserves6921€180k€0▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 40 days late
2024
31-12
Financial
Weakest financial yearnet €-24k ▼114%
Net result drops to €-24k, the lowest in the series.
06-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 128 days late
2023
31-12
Financial
Highest result since 2018net €180k ▲147%
Net result €180k, the highest in the series.
31-12
Financial
Equity above €500kEq €551k ▲48.4%
6 profitable years in a row build equity to €551k.
15-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 107 days late
15-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 472 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial
Equity above €200kEq €212k ▲29.3%
3 profitable years in a row build equity to €212k.
01-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 123 days late
2019
31-12
Financial
Equity above €150kEq €164k ▲84.9%
2 profitable years in a row build equity to €164k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
11-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 11 days late
Financial 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
Registered office, Antwerpen · 1 establishment unit since 2008
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.
Lucien Hendrickxlei 642150 AntwerpenGround area
1,041 m²
Building footprint
378 m²
Volume, LiDAR
2,204 m³
2 parcels, Flanders · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Prins Boudewijnlaan 341, 2610 Antwerpen
since 20082.236.790.801
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11007A0153/00Z004 | Flanders | 796 m² | 1 · 278 m² | 10.5 m · 1 fl. |
| 11051C0214/00H006 | Flanders | 245 m² | 1 · 101 m² | 10.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
ELC
BE 0872.922.004
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BL TRADING
BE 0860.440.478
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GOVENTOUT
BE 0473.480.061
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SPLENDENS MANAGEMENT
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CONTAINER PROVIDERS INTERNATIONAL BENELUX
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Of 6,155 companies in sector 46190 we hold annual accounts for 2,570. 1,504 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-04-2007
Fiscal year end31-12
Activities, NACEBEL
46190Agents in non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.