PBO
Open bankruptcyA bankruptcy procedure is open for PBO according to publications in the Belgian State Gazette; curator: ELLEN DE GEETER. The 2025 annual accounts show equity of €175k and a net result of €43k.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
on the day
2024
7 d early
2023
on the day
2022
3 d early
2021
3 d early
2020
31 d late
2019
54 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close21-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€175k▲ 33.1%
2024 · €131k
2019: €-45k
2020: €9k
2021: €81k
2022: €133k
2023: €76k
2024: €131k
2019 → 2025
Total assets
€670k▲ 17.5%
2024 · €571k
2019: €55k
2020: €115k
2021: €410k
2022: €331k
2023: €452k
2024: €571k
2019 → 2025
Net result
€43k▼ 21.0%
2024 · €55k
2019: €-39k
2020: €54k
2021: €72k
2022: €52k
2023: €-56k
2024: €55k
2019 → 2025
Working capital
€169k▲ 35.1%
2024 · €125k
2019: €-47k
2020: €7k
2021: €74k
2022: €128k
2023: €73k
2024: €125k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€81k-€133k▲ 64.1%€76k▼ 42.4%€131k▲ 72.1%€175k▲ 33.1%
Operating result€71k-€56k▼ 20.9%€-23k€85k€111k▲ 30.2%
Net result€72k-€52k▼ 28.3%€-56k€55k€43k▼ 21.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 30% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €670k
Fixed assets
€6k▼ 5.0%
Current assets
€664k▲ 17.7%
Equity and liabilities €670k
Equity
€175k▲ 33.1%
Debt
€496k▲ 12.8%
The debt ratio falls from 77.0% to 73.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€112k▲
2024 · €87k
Cash flow
€45k▼
2024 · €57k
Solvency
26.1%▲
2024 · 23.0%
Current ratio
1.34▲
2024 · 1.28
Quick ratio
1.21▼
2024 · 1.25
Debt / equity
2.84▼
2024 · 3.35
ROE
24.9%▼
2024 · 41.9%
ROA
6.5%▼
2024 · 9.6%
Interest coverage
7.22▼
2024 · 7.55
Debt
€496k▲
2024 · €439k
Debt ≤ 1 year
€496k▲
2024 · €439k
Income taxes
€32k▲
2024 · €18k
Staff costs
€38k▼
2024 · €56k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€571k€670k▲
Fixed assets21/28€6k€6k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€4k€3k▼
Plant, machinery and equipment23€785€498▼
Furniture and vehicles24€3k€3k▼
Financial fixed assets28€3k€3k=
Current assets29/58€564k€664k▲
Stocks and contracts in progress3€13k€66k▲
Stocks30/36€8k€5k▼
Contracts in progress37€6k€61k▲
Amounts receivable within one year40/41€545k€585k▲
Trade receivables40€499k€560k▲
Other amounts receivable41€47k€25k▼
Cash at bank and in hand54/58€6k€14k▲
Equity and liabilities
Total equity and liabilities10/49€571k€670k▲
Equity10/15€131k€175k▲
Contributions10/11€20k€20k=
Profit (loss) carried forward14€111k€155k▲
Amounts payable17/49€439k€496k▲
Amounts payable within one year42/48€439k€496k▲
Current portion of amounts payable after more than one year42-€66k
Financial debts43€75k-
Credit institutions430/8€75k-
Trade debts44€307k€413k▲
Suppliers440/4€307k€413k▲
Taxes, remuneration and social security45€22k€12k▼
Taxes450/3€1k-
Remuneration and social security454/9€20k€12k▼
Other amounts payable47/48€36k€5k▼
Income statement
Code20242025
Non-recurring operating income76A-€16k
Remuneration, social security and pensions62€56k€38k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼
Other operating charges640/8€17k€6k▼
Gross operating margin9900€160k€156k▼
Operating profit (loss)9901€85k€111k▲
Financial income75/76B-€3
Recurring financial income75-€3
Financial charges65/66B€12k€35k▲
Recurring financial charges65€12k€16k▲
Non-recurring financial charges66B-€20k
Profit (loss) for the period before taxes9903€73k€76k▲
Income taxes67/77€18k€32k▲
Profit (loss) for the period9904€55k€43k▼
Profit (loss) for the period to be appropriated9905€55k€43k▼
Appropriation of the result
Profit (loss) to be appropriated9906€111k€155k▲
Profit (loss) brought forward from the previous period14P€56k€111k▲
Social balance
Average headcount (FTE)90871.31.3=
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-07
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · PBO BV OPSTAL 42, 8930 MENEN · event 07-07-2026
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Equity above €150kEq €175k ▲33.1%
2 profitable years in a row build equity to €175k.
2024
24-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Back to profitnet €55k
Net result €55k after one loss-making year.
31-03
Financial
Equity above €100kEq €131k ▲72.1%
Equity rises from €76k to €131k.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Weakest financial yearnet €-56k ▼209%
Net result drops to €-56k, the lowest in the series.
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Equity above €100kEq €133k ▲64.1%
3 profitable years in a row build equity to €133k.
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Highest result since 2019net €72k ▲34.9%
Net result €72k, the highest in the series.
2020
01-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
31-03
Financial
Back to profitnet €54k
Net result €54k after one loss-making year.
31-03
Financial
Liquidity doublescurrent ratio 1.07
Current ratio from 0.53 to 1.07.
2019
24-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
19-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Menen · 1 establishment unit since 2015
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.
Opstal 428930 MenenGround area
503 m²
Building footprint
129 m²
Volume, LiDAR
639 m³
Parcel 34024A0397/00W000, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Plus Woningen
since 20152.249.541.450
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34024A0397/00W000 | Flanders | 503 m² | 1 · 129 m² | 7.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 | ELLEN DE GEETER DOORNIKSEWIJK 134, 8500 KORT-
RIJK |
07-07-2026 → present |
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Of 29,801 companies in sector 41001 we hold annual accounts for 16,045. 12,366 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded06-11-2015
Fiscal year end31-03
Activities, NACEBEL
41001General construction of residential buildings
68121Development of residential building projects
41003General construction of other non-residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.