PA IMMO
Open bankruptcyA bankruptcy procedure is open for PA IMMO according to publications in the Belgian State Gazette; curator: PATRICK THEVISSEN.
Summary
The 2021 annual accounts show equity of €132,918 and a net result of -€138,337.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Eupen
- Declared bankrupt
- 9 November 2023
- Supervising judge
- Christian Maraite
- Official Gazette
- 17-11-2023 (pdf) ↗search the document for 2023/143516
Deadlines
- Appeal or third-party opposition until
- passed on 2 December 2023Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 9 December 2023art. XX.104 and XX.155 CEL
- First verification report
- passed on 8 January 2024Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 9 November 2024Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Patrick ThevissenNeustrasse 113, 4700 Eupenp.thevissen@avocat.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 11-08-2022, 11 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
not filed
2023
not filed
2022
not filed
2021
11 d late
2020
81 d early
2019
100 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 57 days before 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
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, micro schema
Equity
€132,918▼ 51.0%
2020 · €271,255
Total assets
€337,010▼ 40.8%
2020 · €569,351
Net result
-€138,337
2020 · €8,849
Working capital
€114,330▼ 54.8%
2020 · €252,741
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
Line2018201920202021
Operating result€14,858--€30,801€18,649€16,061▼ 13.9%
Net result-€105,053-€272,990€8,849▼ 96.8%-€138,337
Equity€16,416-€289,406▲ 1,663%€271,255▼ 6.3%€132,918▼ 51.0%
Total assets€778,440-€782,896▲ 0.6%€569,351▼ 27.3%€337,010▼ 40.8%
Debt€762,024-€493,491▼ 35.2%€298,096▼ 39.6%€204,092▼ 31.5%
Working capital-€66,576-€271,088€252,741▼ 6.8%€114,330▼ 54.8%
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 2021; 2021 is 14% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €337,010
Fixed assets
€25,000 =
Current assets
€312,010 ▼ 42.7%
Equity and liabilities €337,010
Equity
€132,918 ▼ 51.0%
Debt
€204,092 ▼ 31.5%
Debt's share of the balance-sheet total rises from 52.4% to 60.6%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.58▼
2020 · 1.87
Quick ratio
0.00▼
2020 · 0.34
Debt to equity
1.54▲
2020 · 0.01
ROE
-104.1%▼
2020 · 3.3%
ROA
-41.0%▼
2020 · 1.6%
Debt ≤ 1 year
€197,679▼
2020 · €291,610
Debt > 1 year
€2,500=
2020 · €2,500
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 | Change |
|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €1,333 | - |
| Gross operating margin9900 | €27,888 | -€30,144 | €19,517 | €17,394 | ▼ 10.9% |
| Operating profit (loss)9901 | €14,858 | -€30,801 | €18,649 | €16,061 | ▼ 13.9% |
| Recurring financial income75 | €516 | €216,407 | €1,200 | - | - |
| Financial charges65/66B | - | - | - | €154,398 | - |
| Recurring financial charges65 | €120,427 | -€87,384 | €10,120 | €154,398 | ▲ 1,426% |
| Profit (loss) for the period before taxes9903 | -€105,053 | €272,990 | €9,729 | -€138,337 | ▼ 1,522% |
| Income taxes67/77 | - | - | €880 | - | - |
| Profit (loss) for the period9904 | -€105,053 | €272,990 | €8,849 | -€138,337 | ▼ 1,663% |
| Profit (loss) for the period to be appropriated9905 | -€105,053 | €272,990 | €8,849 | -€138,337 | ▼ 1,663% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €778,440 | €782,896 | €569,351 | €337,010 | ▼ 40.8% |
| Fixed assets21/28 | €100,000 | €25,000 | €25,000 | €25,000 | = |
| Financial fixed assets28 | €100,000 | €25,000 | €25,000 | €25,000 | = |
| Current assets29/58 | €678,440 | €757,896 | €544,351 | €312,010 | ▼ 42.7% |
| Stocks and contracts in progress3 | €617,478 | €505,580 | €444,306 | €312,010 | ▼ 29.8% |
| Stocks30/36 | - | - | - | €312,010 | - |
| Amounts receivable within one year40/41 | €60,589 | €21,000 | - | - | - |
| Cash at bank and in hand54/58 | €233 | €131,316 | €45 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €778,440 | €782,896 | €569,351 | €337,010 | ▼ 40.8% |
| Equity10/15 | €16,416 | €289,406 | €271,255 | €132,918 | ▼ 51.0% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | - |
| Reserves13 | €102,715 | €102,715 | €84,515 | €84,515 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - |
| Distributable reserves133 | - | - | - | €82,655 | - |
| Profit (loss) carried forward14 | -€104,899 | €168,091 | €168,141 | €29,804 | ▼ 82.3% |
| Amounts payable17/49 | €762,024 | €493,491 | €298,096 | €204,092 | ▼ 31.5% |
| Amounts payable after more than one year17 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Other amounts payable178/9 | - | - | - | €2,500 | - |
| Amounts payable within one year42/48 | €745,016 | €486,809 | €291,610 | €197,679 | ▼ 32.2% |
| Financial debts43 | - | - | - | €92,053 | - |
| Credit institutions430/8 | - | - | - | €92,053 | - |
| Trade debts44 | €6,096 | €3,438 | €2,741 | €4,096 | ▲ 49.5% |
| Suppliers440/4 | - | - | - | €4,096 | - |
| Taxes, remuneration and social security45 | - | - | - | €880 | - |
| Taxes450/3 | - | - | - | €880 | - |
| Other amounts payable47/48 | - | - | - | €100,650 | - |
| Accrued charges and deferred income492/3 | - | - | - | €3,912 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€105,053 | €272,990 | €8,849 | -€138,337 | ▼ 1,663% |
| Operating cash flow (approximation) | -€105,053 | €272,990 | €8,849 | -€138,337 | ▼ 1,663% |
| Investment in fixed assets (approximation) | - | €75,000 | €0 | €0 | - |
| Change in cash | - | €131,083 | -€131,271 | - | - |
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
17-11
Bankruptcy
Opening
Tribunal de l’entreprise de EUPEN · event 09-11-2023
2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
31-12
Financial
Weakest financial yearnet -€138,337
Net result drops to -€138,337, the lowest in the series.
11-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €272,990
Net result €272,990 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €289,406 ▲1,663%
Equity rises from €16,416 to €289,406.
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
15-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
25-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 25 days late
2014
23-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
22-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Kelmis · 1 establishment unit since 2011
Ground area
442 m²
Parcel 63040A1163/00N000, Wallonia. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
PA IMMO
since 20112.197.530.347
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63040A1163/00N000 | Wallonia | 442 m² | - | - |
Linked by address, not proof of ownership
Good to know
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 | PATRICK THEVISSEN NEUSTRASSE 113, 4700 EUPEN- |
09-11-2023 → present |
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2021 list no shareholders, and no other source names one.
Holdings 1
- Sourceown accounts 202150%
According to the 2021 annual accounts of PA IMMO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded17-03-2011
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.