P.P.P.

Open bankruptcy

Private limited company (pre-2019)founded 2008Helmetsesteenweg 151, 1030 Schaarbeek, BelgiumKBO/BCE: BE 0899.930.564

A bankruptcy procedure is open for P.P.P. according to publications in the Belgian State Gazette; curator: LUCILLE BERMOND. The 2017 annual accounts show equity of €374k and a net result of €-16k.

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Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Filed after the deadline

The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 21-09-2018, 52 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 · 8 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

not filed

2021

not filed

2020

not filed

2019

not filed

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2017, full schema

Turnover

€328k▼ 5.6%

2013 · €348k

2013: €348k

2013 → 2014

EBIT margin

33.5%▲ 19.8pp

2013 · 13.6%

2013: 13.6%

2013 → 2014

Net result

€-16k

2015 · €38k

2013: €-88k 2014: €77k 2015: €38k

2013 → 2017

Working capital

€339k▲ 58.0%

2015 · €215k

2013: €107k 2014: €112k 2015: €215k

2013 → 2017

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2013201420152017Trend

Turnover€348k-€328k▼ 5.6%

Equity€178k-€255k▲ 43.1%€293k▲ 14.9%€374k▲ 27.5%

Operating result€47k-€110k▲ 132%€58k▼ 46.9%€-15k

Net result€-88k-€77k€38k▼ 50.7%€-16k

Result per fiscal year

Operating resultNet result

The operating result is €-15k in 2017, compared with €58k in 2015. Comparable figures for the intervening years are unavailable.

Balance-sheet composition

2017 in colour, 2015 as the grey bar beneath

Assets €413k

91.6%

Fixed assets €35k▼ 61.4%

Current assets €378k▲ 11.9%

Equity and liabilities €413k

90.6%

Equity €374k▲ 27.5%

Debt €39k▼ 71.1%

The debt ratio falls from 31.5% to 9.4%. Equity is higher and debt is lower.

Key figures and ratios

2017 value · change against 2015

Solvency

90.6%▲

2015 · 68.5%

Current ratio

9.71▲

2015 · 2.74

Quick ratio

9.71▲

2015 · 2.74

ROE

-4.2%▼

2015 · 12.9%

ROA

-3.8%▼

2015 · 8.9%

Debt

€39k▼

2015 · €135k

Debt ≤ 1 year

€39k▼

2015 · €123k

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 · 2017 against 2015

Balance sheet Code20152017

Assets

Total assets20/58€428k€413k▼

Fixed assets21/28€90k€35k▼

Intangible fixed assets21€8k-

Tangible fixed assets22/27€68k€20k▼

Financial fixed assets28€15k€15k=

Current assets29/58€338k€378k▲

Amounts receivable within one year40/41€336k€371k▲

Cash at bank and in hand54/58€2k€7k▲

Equity and liabilities

Total equity and liabilities10/49€428k€413k▼

Equity10/15€293k€374k▲

Contributions10/11€30k€30k=

Reserves13€104k€104k=

Profit (loss) carried forward14€159k€240k▲

Amounts payable17/49€135k€39k▼

Amounts payable after more than one year17€11k-

Amounts payable within one year42/48€123k€39k▼

Trade debts44€17k€119▼

Income statement Code20152017

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€57k-

Gross operating margin9900€200k€125k▼

Operating profit (loss)9901€58k€-15k▼

Recurring financial income75€38-

Recurring financial charges65€5k€591▼

Profit (loss) for the period before taxes9903€38k€-16k▼

Income taxes67/77€9-

Profit (loss) for the period9904€38k€-16k▼

Profit (loss) for the period to be appropriated9905€38k€-16k▼

Download as CSV

Timeline · acts, filings and financial milestones

All 12Signals 1Financial 3Filings 8

2023

14-09

Bankruptcy Opening

Tribunal de l’entreprise francophone de Bruxelles · P.P.P. SPRL CHAUSSEE DE HELMET 151, 1030 Schaerbeek · event 11-03-2019

2018

21-09

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 52 days late

2017

31-12

Financial Liquidity quadruplescurrent ratio 9.71

Current ratio from 2.74 to 9.71; short-term debt falls from €123k to €39k.

2016

31-08

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 31 days late

01-03

NBB filing Annual accounts filed

fiscal year 2014 · full schema · 214 days late

16-02

NBB filing Annual accounts filed

fiscal year 2013 · full schema · 565 days late

2014

31-12

Financial Back to profitnet €77k

Net result €77k after one loss-making year.

31-12

Financial Equity above €200kEq €255k ▲43.1%

Equity rises from €178k to €255k.

2013

20-09

NBB filing Annual accounts filed

fiscal year 2012 · full schema · 51 days late

2012

08-10

NBB filing Annual accounts filed

fiscal year 2011 · full schema · 69 days late

2011

26-08

NBB filing Annual accounts filed

fiscal year 2010 · full schema · 26 days late

2010

09-08

NBB filing Annual accounts filed

fiscal year 2009 · full schema · 9 days late

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

Registered office, Schaarbeek · 1 establishment unit since 2008

establishment The establishment unit on the map

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.

Helmetsesteenweg 1511030 Schaarbeek

Ground area

344 m²

Building footprint

176 m²

Volume, LiDAR

2,051 m³

2 parcels, Brussels · tallest building 16.7 m, ±5 floors. Linked by address, not a title deed.

1 establishment unit

P.P.P.

Onze Lieve Vrouwlaan 122, 1140 EvereRepair and maintenance of machinery

since 20082.173.277.179

2 parcels

Brussels 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21372D0187/00Z005	Brussels	235 m²	1 · 105 m²	15.6 m · 4 fl.
21902A0440/00A004	Brussels	109 m²	1 · 71 m²	16.7 m · 5 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.

Insolvency mandates

1 mandate

Role	Name	Tenure
Curator	LUCILLE BERMOND CHAUSSEE DE LA HULPE 187, 1170 WATERMAEL-BOITSFORT- . Date provisoire de cessation de paiement : 11/09/2018	11-03-2019 → present