P.WINGS
Inactive1 interim measureInactive; last annual accounts for fiscal year 2022.
Summary
P.WINGS was declared bankrupt on 02-01-2024 (Ondernemingsrechtbank Brussel); the bankruptcy was closed by liquidation by judgment of 18-02-2025, published in the Belgian State Gazette on 25-02-2025.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk
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 · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline29-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 06-12-2023, 128 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
128 d late
2021
5 d late
2020
81 d late
2019
101 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 79 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2022, micro schema
Equity
-€713,732▲ 3.8%
2021 · -€741,971
Total assets
€366,741▲ 72.7%
2021 · €212,320
Net result
€28,239▼ 60.8%
2021 · €72,095
Working capital
-€716,756▲ 0.8%
2021 · -€722,560
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result-€10,651--€178,790▼ 1,579%-€347,729▼ 94.5%€72,191€28,502▼ 60.5%
Net result-€52,151--€191,129▼ 266%-€348,036▼ 82.1%€72,095€28,239▼ 60.8%
Equity-€274,900--€466,030▼ 69.5%-€814,066▼ 74.7%-€741,971▲ 8.9%-€713,732▲ 3.8%
Total assets€546,536-€500,070▼ 8.5%€366,545▼ 26.7%€212,320▼ 42.1%€366,741▲ 72.7%
Debt€821,436-€966,100▲ 17.6%€1.2m▲ 22.2%€954,291▼ 19.2%€1.1m▲ 13.2%
Working capital-€278,368--€467,736▼ 68.0%-€813,199▼ 73.9%-€722,560▲ 11.1%-€716,756▲ 0.8%
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 61% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €366,741
Fixed assets
€3,024 ▲ 150%
Current assets
€363,717 ▲ 72.3%
Key figures and ratios
EBITDA
€28,972▼
2021 · €72,440
Cash flow
€28,708▼
2021 · €72,344
Solvency
-194.6%▲
2021 · -349.5%
Current ratio
0.34▲
2021 · 0.23
Debt to equity
-1.51▼
2021 · -1.29
ROA
7.7%▼
2021 · 34.0%
Interest coverage
109.81▼
2021 · 751.69
Debt ≤ 1 year
€1.1m▲
2021 · €933,672
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,416 | €1,761 | €249 | €249 | €469 | ▲ 88.5% |
| Other operating charges640/8 | - | - | - | €815 | €43 | ▼ 94.7% |
| Non-recurring operating charges66A | - | - | - | - | €2,178 | - |
| Gross operating margin9900 | -€5,544 | -€175,501 | -€9,490 | €73,255 | €31,193 | ▼ 57.4% |
| Operating profit (loss)9901 | -€10,651 | -€178,790 | -€347,729 | €72,191 | €28,502 | ▼ 60.5% |
| Recurring financial income75 | €14 | €104 | - | - | - | - |
| Financial charges65/66B | - | - | - | €96 | €264 | ▲ 174% |
| Recurring financial charges65 | €40,830 | €12,444 | €307 | €96 | €264 | ▲ 174% |
| Profit (loss) for the period before taxes9903 | -€51,467 | -€191,129 | -€348,036 | €72,095 | €28,239 | ▼ 60.8% |
| Income taxes67/77 | €684 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€52,151 | -€191,129 | -€348,036 | €72,095 | €28,239 | ▼ 60.8% |
| Profit (loss) for the period to be appropriated9905 | -€52,151 | -€191,129 | -€348,036 | €72,095 | €28,239 | ▼ 60.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €546,536 | €500,070 | €366,545 | €212,320 | €366,741 | ▲ 72.7% |
| Fixed assets21/28 | €3,468 | €1,707 | €1,458 | €1,209 | €3,024 | ▲ 150% |
| Tangible fixed assets22/27 | €2,508 | €747 | €498 | €249 | €2,064 | ▲ 729% |
| Furniture and vehicles24 | - | - | - | €249 | €2,064 | ▲ 729% |
| Financial fixed assets28 | €960 | €960 | €960 | €960 | €960 | = |
| Current assets29/58 | €543,068 | €498,363 | €365,088 | €211,111 | €363,717 | ▲ 72.3% |
| Stocks and contracts in progress3 | €18,220 | €17,500 | €16,454 | €16,454 | - | - |
| Stocks30/36 | - | - | - | €16,454 | - | - |
| Amounts receivable within one year40/41 | €329,360 | €283,124 | €339,824 | €193,668 | €66,052 | ▼ 65.9% |
| Trade receivables40 | - | - | - | €135,082 | - | - |
| Other amounts receivable41 | - | - | - | €58,586 | €66,052 | ▲ 12.7% |
| Cash at bank and in hand54/58 | €21,108 | €27,739 | €171 | €990 | €7,213 | ▲ 628% |
| Deferred charges and accrued income490/1 | - | - | - | - | €290,453 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €546,536 | €500,070 | €366,545 | €212,320 | €366,741 | ▲ 72.7% |
| Equity10/15 | -€274,900 | -€466,030 | -€814,066 | -€741,971 | -€713,732 | ▲ 3.8% |
| Contributions10/11 | €75,000 | €75,000 | - | €75,000 | €75,000 | = |
| Profit (loss) carried forward14 | -€349,900 | -€541,030 | -€889,066 | -€816,971 | -€788,732 | ▲ 3.5% |
| Amounts payable17/49 | €821,436 | €966,100 | €1.2m | €954,291 | €1.1m | ▲ 13.2% |
| Amounts payable within one year42/48 | €821,436 | €966,100 | €1.2m | €933,672 | €1.1m | ▲ 15.7% |
| Trade debts44 | €60,629 | €17,521 | €173,486 | €142,296 | €42,719 | ▼ 70.0% |
| Suppliers440/4 | - | - | - | €142,296 | €42,719 | ▼ 70.0% |
| Taxes, remuneration and social security45 | - | - | - | €4,178 | - | - |
| Taxes450/3 | - | - | - | €4,178 | - | - |
| Other amounts payable47/48 | - | - | - | €787,198 | €1.0m | ▲ 31.8% |
| Accrued charges and deferred income492/3 | - | - | - | €20,620 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€52,151 | -€191,129 | -€348,036 | €72,095 | €28,239 | ▼ 60.8% |
| + Depreciation and write-downs630 | €2,416 | €1,761 | €249 | €249 | €469 | ▲ 88.5% |
| Operating cash flow (approximation) | -€49,735 | -€189,368 | -€347,787 | €72,344 | €28,708 | ▼ 60.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€2,284 | - |
| Change in cash | - | €6,631 | -€27,568 | €819 | €6,222 | ▲ 659% |
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
2025
25-02
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Brussel · event 18-02-2025
2024
10-01
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 02-01-2024
2023
11-12
Interim measure
Provisional administrator
ondernemingsrechtbank Brussel · MAARTEN BENTEIN
06-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 128 days late
2022
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
2021
31-12
Financial
Back to profitnet €72,095
Net result €72,095 after 3 loss-making years.
20-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 81 days late
2020
31-12
Financial
Weakest financial yearnet -€348,036
Net result drops to -€348,036, the lowest in the series.
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 58 days late
2017
05-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 127 days late
Show earlier events
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
2015
25-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 25 days late
2014
23-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
8 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
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | MAARTEN BENTEIN EDMOND TOLLENAERE-
STRAAT 56-76 B23, 1020 BRUSSEL 2- maart |
02-01-2024 → 18-02-2025 |
| Interim administrator | MAARTEN BENTEIN | 11-12-2023 → present |