P.S
ActiveSummary
The computed 12-month bankruptcy probability of P.S is 3.6% (moderate). For P.S, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €362k and a net result of €1k. Equity is growing by ~35% per year across the filed fiscal years. Its solvency ranks better than 60% of 16698 sector peers (fiscal year 2022). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability69▼-31
Solvency65▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
3.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← 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 2022Solvency, return and age of the figures
Solvency
39.9%
Return on assets
0.1%
Age of the figures
51 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-06-2023, 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 · 3 filingsPosition against the passed deadline
30-06-2023 close31-01-2024 deadline25-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-06-2022 was due by 31-01-2023 and was filed on 27-02-2023, 27 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 · 3 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
27 d late
2021
25 d late
2020
19 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Turnover
€1.07M
EBIT margin
25.0%
Net result
€1k▼ 99.5%
2021 · €251k
2020: €103k
2021: €251k▲ +143% vs 2020highest in 3 years
2022: €1k▼ -99.5% vs 2021lowest in 3 years
2020 → 2022
Working capital
€6k▼ 91.6%
2021 · €69k
2020: €70khighest in 3 years
2021: €69k▼ -1.2% vs 2020
2022: €6k▼ -91.6% vs 2021lowest in 3 years
2020 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202020212022Trend
Turnover€1.07M
Equity€110k-€361k▲ 229%€362k▲ 0.3%
2020: €110klowest in 3 years
2021: €361k▲ +229% vs 2020
2022: €362k▲ +0.3% vs 2021highest in 3 years
Operating result€103k-€269k▲ 162%€76k▼ 71.7%
2020: €103k
2021: €269k▲ +162% vs 2020highest in 3 years
2022: €76k▼ -71.7% vs 2021lowest in 3 years
Net result€103k-€251k▲ 143%€1k▼ 99.5%
2020: €103k
2021: €251k▲ +143% vs 2020highest in 3 years
2022: €1k▼ -99.5% vs 2021lowest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2022; 2022 is 72% below 2021 and is the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €907k
Fixed assets
€821k ▲ 5.6%
Current assets
€86k ▼ 13.6%
Equity and liabilities €907k
Equity
€362k ▲ 0.3%
Debt
€545k ▲ 5.5%
Debt's share of the balance-sheet total rises from 58.9% to 60.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€112k▼
2021 · €287k
Cash flow
€37k▼
2021 · €269k
Current ratio
1.07▼
2021 · 3.27
Quick ratio
1.07▼
2021 · 3.25
Debt to equity
1.51▲
2021 · 1.35
ROE
0.3%▼
2021 · 69.6%
ROA
0.1%▼
2021 · 28.6%
Interest coverage
12.98
Debt ≤ 1 year
€81k▲
2021 · €31k
Debt > 1 year
€465k▼
2021 · €486k
Income taxes
€67k▲
2021 · €19k
Staff costs
€111k
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 · 2022 against 2021 · 48 lines
Balance sheet
Code20212022
Assets
Total assets20/58€878k€907k▲
Fixed assets21/28€777k€821k▲
Tangible fixed assets22/27€777k€821k▲
Land and buildings22-€806k
Plant, machinery and equipment23-€2k
Furniture and vehicles24-€13k
Current assets29/58€100k€86k▼
Stocks and contracts in progress3€546€503▼
Stocks30/36-€503
Amounts receivable within one year40/41€17k€42k▲
Trade receivables40-€26k
Other amounts receivable41-€16k
Cash at bank and in hand54/58€82k€44k▼
Equity and liabilities
Total equity and liabilities10/49€878k€907k▲
Equity10/15€361k€362k▲
Contributions10/11-€6k
Reserves13€103k€355k▲
Distributable reserves133-€355k
Profit (loss) carried forward14€251k€1k▼
Amounts payable17/49€517k€545k▲
Amounts payable after more than one year17€486k€465k▼
Financial debts170/4-€465k
Amounts payable within one year42/48€31k€81k▲
Current portion of amounts payable after more than one year42-€77k
Trade debts44€15k€3k▼
Suppliers440/4-€3k
Taxes, remuneration and social security45-€0
Taxes450/3-€0
Remuneration and social security454/9-€0
Other amounts payable47/48-€0
Income statement
Code20212022
Turnover70€1.07M-
Remuneration, social security and pensions62-€111k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€36k▲
Other operating charges640/8-€12k
Gross operating margin9900€413k€235k▼
Operating profit (loss)9901€269k€76k▼
Financial income75/76B-€761
Recurring financial income75€1k€761▼
Financial charges65/66B-€9k
Recurring financial charges65€0€9k▲
Profit (loss) for the period before taxes9903€270k€68k▼
Income taxes67/77€19k€67k▲
Profit (loss) for the period9904€251k€1k▼
Profit (loss) for the period to be appropriated9905€251k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€252k
Profit (loss) brought forward from the previous period14P-€251k
Transfer to equity691/2-€251k
To other reserves6921-€251k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Turnover70 | - | €1.07M | - | - |
| Remuneration, social security and pensions62 | - | - | €111k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23k | €18k | €36k | ▲ 101% |
| Other operating charges640/8 | - | - | €12k | - |
| Gross operating margin9900 | €317k | €413k | €235k | ▼ 43.0% |
| Operating profit (loss)9901 | €103k | €269k | €76k | ▼ 71.7% |
| Financial income75/76B | - | - | €761 | - |
| Recurring financial income75 | €866 | €1k | €761 | ▼ 24.7% |
| Financial charges65/66B | - | - | €9k | - |
| Recurring financial charges65 | €199 | €0 | €9k | - |
| Profit (loss) for the period before taxes9903 | €103k | €270k | €68k | ▼ 74.7% |
| Income taxes67/77 | - | €19k | €67k | ▲ 259% |
| Profit (loss) for the period9904 | €103k | €251k | €1k | ▼ 99.5% |
| Profit (loss) for the period to be appropriated9905 | €103k | €251k | €1k | ▼ 99.5% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €121k | €878k | €907k | ▲ 3.4% |
| Fixed assets21/28 | €39k | €777k | €821k | ▲ 5.6% |
| Tangible fixed assets22/27 | €39k | €777k | €821k | ▲ 5.6% |
| Land and buildings22 | - | - | €806k | - |
| Plant, machinery and equipment23 | - | - | €2k | - |
| Furniture and vehicles24 | - | - | €13k | - |
| Current assets29/58 | €82k | €100k | €86k | ▼ 13.6% |
| Stocks and contracts in progress3 | €613 | €546 | €503 | ▼ 7.9% |
| Stocks30/36 | - | - | €503 | - |
| Amounts receivable within one year40/41 | €17k | €17k | €42k | ▲ 142% |
| Trade receivables40 | - | - | €26k | - |
| Other amounts receivable41 | - | - | €16k | - |
| Cash at bank and in hand54/58 | €64k | €82k | €44k | ▼ 46.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €121k | €878k | €907k | ▲ 3.4% |
| Equity10/15 | €110k | €361k | €362k | ▲ 0.3% |
| Contributions10/11 | €6k | - | €6k | - |
| Reserves13 | - | €103k | €355k | ▲ 243% |
| Distributable reserves133 | - | - | €355k | - |
| Profit (loss) carried forward14 | €103k | €251k | €1k | ▼ 99.5% |
| Amounts payable17/49 | €12k | €517k | €545k | ▲ 5.5% |
| Amounts payable after more than one year17 | - | €486k | €465k | ▼ 4.4% |
| Financial debts170/4 | - | - | €465k | - |
| Amounts payable within one year42/48 | €12k | €31k | €81k | ▲ 163% |
| Current portion of amounts payable after more than one year42 | - | - | €77k | - |
| Trade debts44 | €12k | €15k | €3k | ▼ 78.4% |
| Suppliers440/4 | - | - | €3k | - |
| Taxes, remuneration and social security45 | - | - | €0 | - |
| Taxes450/3 | - | - | €0 | - |
| Remuneration and social security454/9 | - | - | €0 | - |
| Other amounts payable47/48 | - | - | €0 | - |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €103k | €251k | €1k | ▼ 99.5% |
| + Depreciation and write-downs630 | €23k | €18k | €36k | ▲ 101% |
| Operating cash flow (approximation) | €126k | €269k | €37k | ▼ 86.4% |
| Investment in fixed assets (approximation) | - | €-756k | €-79k | ▲ 89.6% |
| Change in cash | - | €18k | €-38k | ▼ 310% |
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
2023
27-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 27 days late
2022
30-06
Financial
Weakest financial yearnet €1k ▼99.5%
Net result drops to €1k, the lowest in the series.
25-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
30-06
Financial
Highest result since 2020net €251k ▲143%
Operating result €269k, net result €251k, both a record.
30-06
Financial
Equity above €200kEq €361k ▲229%
2 profitable years in a row build equity to €361k.
19-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2018
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.
Lucienne Herman-Michielsensstr. 122070 Beveren-Kruibeke-Zwijndrecht1 establishment unit
Sushi Palace
since 20182.280.004.103
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Of 1,351 companies in sector 56220 we hold annual accounts for 406. 245 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-09-2018
Fiscal year end30-06
Activities, NACEBEL 2025
56220Contract catering and other food service activities
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.