PBB
ActiveSummary
The computed 12-month bankruptcy probability of PBB is 2.9% (moderate). The 2025 annual accounts show negative equity (-€73,064) and a net result of €103. Equity has been shrinking by about 19% per year since 2023. Its solvency ranks better than 5% of 5,796 sector peers (NACE 68, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 14-04-2022 Normal situation
- Activity
- Development of residential building projects NACE 68121and 5 others
- Establishment unit
- 2.330.144.985 2812 Mechelen, since 14-04-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 08-04-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.9%
- Gross margin
- €5,536
- Turnover
- ≈ €23,000
- estimated
- Profit
- €103
- Equity
- -€73,064
- ▲ 0.1%
- Total assets
- €187,320
- ▲ 23.1%
- Negative equity on 31-12-2025
- 2025 accounts filed 76 days after the deadline
Score breakdownraises riskLast filed accounts filed 76 days late; 1 of the last 3 accounts lateLiquidity: current ratio 0.87, cash €5, halvedNegative equity -€73,064lowers riskSector: Real estate activities (NACE 68)Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 5% of them on solvency, 1% on liquidity, 28% on profitability and 46% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 42 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, full format
2025 annual accounts filed 76 days after the deadline Filed on 15 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00559541.
Annual accounts 2025 filed on 15-10-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is a profit of €3,145, after a loss of €24,895 in 2024. It is the highest result since 2023.
The turnover shown is an estimate from the gross margin.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €2,332 | €861 | €24,292 |
| Depreciation and write-downs of the year | €1,184 | €663 | €1,870 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,184 | €663 | €1,870 | ▲ 182% |
| Other operating charges640/8 | €2,268 | €1,254 | €521 | ▼ 58.4% |
| Gross operating margin9900 | -€42,763 | -€22,978 | €5,536 | - |
| Operating profit (loss)9901 | -€46,215 | -€24,895 | €3,145 | - |
| Financial income75/76B | €211 | €223 | €25 | ▼ 88.8% |
| Recurring financial income75 | €211 | €223 | €25 | ▼ 88.8% |
| Financial charges65/66B | €4,434 | €3,057 | €3,042 | ▼ 0.5% |
| Recurring financial charges65 | €4,434 | €3,057 | €3,042 | ▼ 0.5% |
| Profit (loss) for the period before taxes9903 | -€50,438 | -€27,729 | €129 | - |
| Income taxes67/77 | - | - | €26 | - |
| Profit (loss) for the period9904 | -€50,438 | -€27,729 | €103 | - |
| Profit (loss) for the period to be appropriated9905 | -€50,438 | -€27,729 | €103 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €148,662 | €152,149 | €187,320 | ▲ 23.1% |
| Fixed assets21/28 | €1,148 | €1,346 | €23,768 | ▲ 18× |
| Tangible fixed assets22/27 | €1,148 | €1,346 | €23,768 | ▲ 18× |
| Plant, machinery and equipment23 | €966 | €1,346 | €3,460 | ▲ 157% |
| Furniture and vehicles24 | €182 | - | €20,308 | - |
| Current assets29/58 | €147,514 | €150,803 | €163,552 | ▲ 8.5% |
| Stocks and contracts in progress3 | €136,076 | €136,076 | €136,076 | = |
| Stocks30/36 | €136,076 | €136,076 | €136,076 | = |
| Amounts receivable within one year40/41 | €4,878 | €13,586 | €27,472 | ▲ 102% |
| Trade receivables40 | €4,091 | €11,736 | €25,872 | ▲ 120% |
| Other amounts receivable41 | €787 | €1,849 | €1,600 | ▼ 13.5% |
| Cash at bank and in hand54/58 | €6,268 | €1,142 | €5 | ▼ 99.6% |
| Deferred charges and accrued income490/1 | €293 | - | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €148,662 | €152,149 | €187,320 | ▲ 23.1% |
| Equity10/15 | -€45,438 | -€73,167 | -€73,064 | ▲ 0.1% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Contributions outside capital11 | €5,000 | €5,000 | €5,000 | = |
| Other1109/19 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€50,438 | -€78,167 | -€78,064 | ▲ 0.1% |
| Amounts payable17/49 | €194,100 | €225,316 | €260,384 | ▲ 15.6% |
| Amounts payable after more than one year17 | €83,998 | €78,646 | €73,115 | ▼ 7.0% |
| Financial debts170/4 | €83,998 | €78,646 | €73,115 | ▼ 7.0% |
| Amounts payable within one year42/48 | €110,102 | €146,670 | €187,269 | ▲ 27.7% |
| Current portion of amounts payable after more than one year42 | €5,171 | €5,352 | €5,531 | ▲ 3.3% |
| Trade debts44 | €1,747 | €1,484 | €16,203 | ▲ 992% |
| Suppliers440/4 | €1,747 | €1,484 | €16,203 | ▲ 992% |
| Advances received on contracts in progress46 | €4,634 | €10,715 | - | - |
| Taxes, remuneration and social security45 | - | - | €26 | - |
| Taxes450/3 | - | - | €26 | - |
| Other amounts payable47/48 | €98,550 | €129,120 | €165,510 | ▲ 28.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€50,438 | -€27,729 | €103 | - |
| + Depreciation and write-downs630 | €1,184 | €663 | €1,870 | ▲ 182% |
| Operating cash flow (approximation) | -€49,254 | -€27,066 | €1,973 | - |
| Investment in fixed assets (approximation) | - | -€861 | -€24,292 | ▼ 2,721% |
| Change in cash | - | -€5,126 | -€1,137 | ▲ 77.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 516 companies had the same profile as PBB has now. Two years later, 91.9% were still going and 4.5% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a profit under 5% of the balance sheet
Another 1.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PBB itself: 2.9% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 516 companies, not a prediction for PBB. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Board & ownership
Directors
Owners and capital
Owners
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Één of meer bestuurders, benoemd met of zonder beperking,statutair mogelijk,algemene vergadering bepaalt aantal,duur en bevoegdheid,zonder…”“Algemene kosten,los van representatie-,reis-en verplaatsingskosten, algemene vergadering beslist kosteloos of niet”
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Ieder aandeel gelijk recht in winstverdeling en vereffeningsaldo, 60”
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 19-04-2022 (in Dutch)
Network & group
PBB shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of PBB. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
23-09
Gazette deed
Registered office moved from Roosdaal to Muizen2 points ▸
- General meeting, 07-08-2024
- Registered-office move, Beukeboomstraat 34,2812 Muizen
19-04
Gazette deed
IncorporationAppointment: Pieter Bollyn (director) · Pre-incorporation commitments · Registered office clause9 points ▸
- Pre-incorporation commitments, ratification, “alle verrichtingen namens vennootschap door oprichter” (deed in Dutch)
- Registered office clause, “Omloopstraat 10,1760 Roosdaal” (deed in Dutch)
- Other provision, “website en e-mailadres” (deed in Dutch)
- Board rule, 1
- Director appointment, Pieter Bollyn (director (not named in the articles))
- Power of attorney, COFIAC
- Incorporation, 14-04-2022
- Founder, Pieter Bollyn
- Founding capital, €5,000
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Omloopstraat 10, 1760 Roosdaal until 07-08-2024 · act of 23-09-2024
Activities
NACEBEL 2025Codes under NACEBEL 2008
28 activities
- Ontwikkeling van residentiële bouwprojecten
- Ontwikkeling van niet-residentiële bouwprojecten
- Elektrotechnische installatiewerken aan gebouwen
- Elektrotechnische installatiewerken,uitgezonderd aan gebouwen
- Loodgieterswerk
- Installatie van verwarming,klimaatregeling en ventilatie
- Isolatiewerkzaamheden
- Overige bouwinstallatie,n.e.g.
- Stukadoorswerk
- Schrijnwerk
- Plaatsen van vloer-en wandtegels
- Plaatsen van vloerbedekking en wandbekleding van hout
- Plaatsen van behang en vloerbedekking en wandbekleding van andere materialen
- Schilderen van gebouwen
- Schilderen van civieltechnische werken
- Glaszetten
- Overige werkzaamheden in verband met de afwerking van gebouwen
- Dakwerkzaamheden
- Waterdichtingswerken van muren
- Gevelreiniging
- Bouw van sierschouwen en open haarden
- Uitvoeren van metsel-en voegwerken
- Restaureren van bouwwerken
- Chapewerken
- Overige gespecialiseerde bouwwerkzaamheden
- Handel in eigen onroerend goed
- Verhuur en exploitatie van eigen of geleased residentieel onroerend goed,exclusief sociale woningen
- Adviesbureaus op het gebied van bedrijfsbeheer
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0784.860.157
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12409B0149/00Y002 | Flanders | 161 m² | 1 · 69 m² | 6.6 m · 2 |