PF

Inactive KBO/BCE: BE 0442.960.396 subsidiary of GROUP BOSTOEN NV

Follow Report

Overview

Lifetime

10 annual accounts with figures on one time axis, 25 filings since 1991

Turnoverpeak €2.2m (2011)

€52,276▲ 11×

Resultlowest -€694,778 (2012)

-€4,266▲ €77,188

Equitypeak €408,228 (2009)

-€1.2m▼ €4,267

Debts

€1.4m▼ 5.1%

Staffpeak 10.6 FTE (2011)

-not published

Owners4 names in the annual accounts

100%Immobiliën Francis Bostoen and 1 other

Documentsfilings and deeds

07-07-201624 days before the deadline

2015financial year

Turnover from €4,590 to €52,276Loss of €4,266

Key points

from the 2015 annual accounts, the last ones filed

Equity

-€1.2m from €408,228 in 2009

Equity fell below zero in 2012.

Debts

€1.4m 824% of the balance sheet

After one year 8%Within one year 92%

Of this, €1.3m falls due within a year.

Filings

25 annual accounts since 1991

Two of the last ten came late. The 2011 accounts came latest: 58 days after the end of the period.

No score

Board and ownership

GROUP BOSTOEN NV consolidatesscore 82equity €20.8m (2025) · annual accounts 2015

Board & ownership

Recent changes

24-05-2023

Bankruptcy closure (insufficient assets) Enterprise Court of Ghent, Ghent division · judgment of 16-05-2023 · Bankruptcy

19-12-2016

Bankruptcy published Commercial Court of Ghent, Ghent division · judgment of 14-12-2016 · Bankruptcy

23-02-1991

Incorporation 21 publications in the Belgian Official Gazette, the last on 02-09-2016 · Gazette deed

All 31 events

Official details

Source: KBO

Status: Inactivedeed of incorporation of 23-02-1991 · bankruptcy closed on 16-05-2023
Activity: No activity registered in the KBO
Financial year end: 31 December
Peppol: Not found in the Peppol Directory

Company details

Annual accounts 2015

Turnover: €52,276▲ 11×
Loss: €4,266▼ 94.8%
Equity: -€1.2m▼ 0.3%
Total assets: €172,056▼ 32.1%
Filing: Filed on 07-07-2016

Financials

Insights on PF

PF reached its highest turnover since 2009 in 2011: €2.2m. A year later it was €1.3m, and in 2013 still €137,125.

Equity fell from €408,228 in 2009 to -€1.2m in 2015, while debts rose from €1.1m to €1.4m.

On 14 December 2016 the court declared PF bankrupt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2015

full format, filed on 07-07-2016, 24 days before the deadline

Turnover

€52,276

▲ 11×

Operating result

€9,867

▲ €30,366

EBITDA

€40,024

▲ 314%

Cash flow

€25,891

▲ €77,188

Solvency

-724.2%

▼ 233.9 percentage points

Current ratio

0.01

▼ 0.04

Money flows

of every €100 of turnover, €8.16 was lost in 2015

Balance sheet

balance sheet total €172,056 on 31-12-2015

What the company ownsHow it is paid for

Change in equityin €m

Change in cash

Staff

Men and women

Not in that year's accounts.

Staff cost per FTE

Staff costs divided by the average number of full-time equivalents.

Joined and left

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	172,056	253,275	560,173	1.1m	2.0m	1.9m	1.6m	975,350	932,059	984,571
Fixed assets`21/28`	154,244	184,401	214,559	444,112	1.1m	1.2m	1.1m	500,579	541,707	548,752
Tangible fixed assets`22/27`	154,244	184,401	214,559	444,112	1.1m	1.2m	1.1m	500,579	541,707	548,752
Land and buildings`22`	-	184,401	214,559	244,716	776,729	808,743	840,756	372,770	395,476	425,628
Plant, machinery and equipment`23`	-	-	-	142,127	143,720	162,523	76,418	69,869	52,368	42,907
Furniture and vehicles`24`	-	-	-	57,269	102,976	119,090	138,010	45,352	78,758	62,594
Other tangible fixed assets`26`	154,244	-	-	-	60,343	69,451	10,070	12,587	15,105	17,622
Current assets`29/58`	17,812	68,873	345,615	704,722	926,990	758,581	519,112	474,771	390,353	435,819
Stocks and contracts in progress`3`	-	-	-	261,106	340,748	398,025	249,677	246,827	220,966	189,772
Stocks`30/36`	-	-	-	261,106	340,748	398,025	249,677	246,827	220,966	189,772
Raw materials and consumables`30/31`	-	-	-	86,354	194,722	150,452	95,152	-	-	-
Work in progress`32`	-	-	-	82,745	26,391	29,059	34,621	-	-	-
Finished goods`33`	-	-	-	92,007	119,635	218,514	119,904	-	-	-
Amounts receivable within one year`40/41`	17,344	68,420	343,032	438,658	575,617	356,983	143,191	138,211	52,842	176,494
Trade receivables`40`	16,905	61,861	203,184	310,286	544,736	308,481	106,026	82,900	48,180	165,583
Other amounts receivable`41`	439	6,559	139,848	128,372	30,881	48,502	37,165	55,310	4,662	10,911
Cash at bank and in hand`54/58`	-	11	11	11	3,910	1,655	118,295	84,993	112,868	65,234
Deferred charges and accrued income`490/1`	468	443	2,571	4,948	6,716	1,918	7,950	4,741	3,677	4,320
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	172,056	253,275	560,173	1.1m	2.0m	1.9m	1.6m	975,350	932,059	984,571
Equity`10/15`	-1.2m	-1.2m	-1.2m	-530,696	164,082	363,337	408,228	319,127	246,686	199,322
Contributions`10/11`	26,000	26,000	26,000	26,000	26,000	26,000	26,000	26,000	26,000	26,000
Issued capital`100`	26,000	26,000	26,000	26,000	26,000	26,000	26,000	26,000	26,000	26,000
Contributions outside capital`11`	625	626	626	626	626	626	626	626	626	626
Share premium`1100/10`	625	626	626	626	626	626	626	626	626	626
Reserves`13`	317,600	317,600	317,600	317,600	317,600	317,600	317,600	217,600	217,600	172,600
Legal reserve`130`	2,600	2,600	2,600	2,600	2,600	2,600	2,600	2,600	2,600	2,600
Distributable reserves`133`	315,000	315,000	315,000	315,000	315,000	315,000	315,000	215,000	215,000	170,000
Profit (loss) carried forward`14`	-1.6m	-1.6m	-1.5m	-874,922	-180,143	19,111	64,002	74,902	2,460	97
Provisions and deferred taxes`16`	-	-	-	-	-	-	46,410	-	-	-
Provisions for liabilities and charges`160/5`	-	-	-	-	-	-	46,410	-	-	-
Other liabilities and charges`164/5`	-	-	-	-	-	-	46,410	-	-	-
Amounts payable`17/49`	1.4m	1.5m	1.7m	1.7m	1.8m	1.6m	1.1m	656,222	685,373	785,249
Amounts payable after more than one year`17`	109,739	136,284	161,241	185,270	662,135	739,319	262,133	285,615	331,237	387,246
Financial debts`170/4`	109,739	136,284	161,241	185,270	662,135	739,319	262,133	285,615	331,237	387,246
Credit institutions`173`	109,739	136,284	161,241	185,270	662,135	739,319	262,133	-	-	-
Amounts payable within one year`42/48`	1.3m	1.3m	1.6m	1.5m	1.2m	812,415	866,736	368,392	350,226	394,153
Current portion of amounts payable after more than one year`42`	26,350	24,958	24,028	23,133	77,184	81,441	41,800	45,622	56,009	53,711
Financial debts`43`	-	-	-	-	-	-	11,964	140,470	131,881	130,111
Credit institutions`430/8`	-	-	-	-	-	-	11,964	140,470	131,881	130,111
Trade debts`44`	2,667	48,946	81,903	86,304	277,402	209,388	80,619	137,537	118,526	141,047
Suppliers`440/4`	2,667	48,946	81,903	86,304	277,402	209,388	80,619	67,869	46,240	56,713
Bills of exchange payable`441`	-	-	-	-	-	-	-	69,667	72,285	84,334
Advances received on contracts in progress`46`	-	-	-	11,494	9,912	28,443	19,328	22,948	16,091	21,350
Taxes, remuneration and social security`45`	-	-	-	23,654	45,518	46,029	25,573	21,815	17,719	17,934
Taxes`450/3`	-	-	-	4,604	7,008	16,553	11,198	11,216	4,560	4,896
Remuneration and social security`454/9`	-	-	-	19,051	38,510	29,476	14,375	10,599	13,159	13,038
Other amounts payable`47/48`	1.3m	1.3m	1.4m	1.3m	760,830	447,114	687,452	-	10,000	30,000
Accrued charges and deferred income`492/3`	10,017	11,238	7,854	15,345	13,696	3,318	860	2,215	3,910	3,851
Income statement
Operating income`70/76A`	52,276	46,586	116,798	1.4m	2.1m	1.9m	1.6m	-	-	-
Turnover`70`	52,276	4,590	137,125	1.3m	2.2m	1.6m	1.5m	-	-	-
Change in stocks of work in progress, finished goods and contracts in progress`71`	-	-	-45,745	28,726	-101,547	93,048	-5,326	-	-	-
Own construction capitalised`72`	-	-	-	-	-	144,297	34,500	-	-	-
Non-recurring operating income`76A`	-	-	25,603	90,890	-	-	4,730	2,820	-	5,000
Gross operating margin`9900`	-	-	-	-	-	-	-	551,571	525,700	435,029
Operating charges`60/66A`	42,409	67,086	605,631	2.0m	2.3m	1.9m	1.4m	-	-	-
Goods for resale, raw materials and consumables`60`	5,571	18,736	205,182	863,719	1.1m	931,952	700,137	-	-	-
Purchases`600/8`	5,571	18,736	205,182	801,355	1.2m	987,252	708,313	-	-	-
Change in stocks: decrease (increase)`609`	-	-	-	62,365	-44,270	-55,301	-8,176	-	-	-
Services and other goods`61`	4,862	5,083	134,343	428,296	455,186	354,251	207,209	-	-	-
Remuneration, social security and pensions`62`	-	5,366	154,550	507,888	468,286	409,986	334,915	322,684	305,139	271,711
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	30,157	30,157	30,157	148,946	145,835	202,669	103,833	81,220	79,151	70,312
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-3,778	1,418	75,826	29,374	12,774	-	4,564	8,423	5,076	-3,799
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-	-	-	-	-	-46,410	46,410	-	-	-
Other operating charges`640/8`	5,597	6,325	5,574	12,465	48,876	21,448	24,875	11,707	22,617	8,633
Non-recurring operating charges`66A`	-	43,500	145,361	156,754	-	-	-	-	10,000	2,458
Operating profit (loss)`9901`	9,867	-20,499	-488,834	-616,059	-157,200	-9,286	144,211	127,536	113,717	88,171
Financial income`75/76B`	-	1,663	3	12,516	1,623	1,288	3,912	3,688	356	3,958
Recurring financial income`75`	-	1,663	3	12,516	1,623	1,288	3,912	3,688	356	3,958
Income from current assets`751`	-	-	0	595	0	9	489	-	-	-
Other financial income`752/9`	-	1,663	3	11,920	1,623	1,279	3,423	-	-	-
Financial charges`65/66B`	14,133	19,075	20,984	25,371	43,678	36,893	18,922	23,593	24,230	24,005
Recurring financial charges`65`	14,133	19,075	20,984	25,371	43,678	36,893	18,922	23,593	24,230	24,005
Debt charges`650`	13,332	16,989	18,773	24,094	42,794	32,227	17,264	-	-	-
Other financial charges`652/9`	801	2,086	2,210	1,277	884	4,666	1,658	-	-	-
Profit (loss) for the period before taxes`9903`	-4,266	-81,411	-629,572	-694,778	-199,254	-44,890	133,930	110,451	79,843	70,666
Income taxes`67/77`	-	43	-	-	0	1	44,830	38,009	22,480	22,746
Taxes`670/3`	-	43	-	-	0	1	44,830	-	-	-
Profit (loss) for the period`9904`	-4,266	-81,454	-629,572	-694,778	-199,254	-44,891	89,101	72,442	57,364	47,920
Profit (loss) for the period to be appropriated`9905`	-4,266	-81,454	-629,572	-694,778	-199,254	-44,891	89,101	72,442	57,364	47,920
Appropriation of the result
Profit (loss) to be appropriated`9906`	-1.6m	-1.6m	-1.5m	-874,922	-180,143	19,111	164,002	74,902	57,460	48,097
Transfer to equity`691/2`	-	-	-	-	-	-	100,000	-	45,000	38,000
To other reserves`6921`	-	-	-	-	-	-	100,000	-	45,000	38,000
Profit to be distributed`694/7`	-	-	-	-	-	-	-	-	10,000	10,000
Return on contributions (dividend)`694`	-	-	-	-	-	-	-	-	10,000	10,000
Social balance sheet
Average staff (FTE)`9087`	-	-	3.1	10.3	10.6	9.2	7.8	9	8.8	7.2
Men (FTE)`1003`	-	-	3.1	5.3	-	-	-	-	-	-
Women (FTE)`1003`	-	-	-	5	-	-	-	-	-	-
Agency workers`1501`	-	-	-	-	0.7	0.4	-	-	-	-
Hours worked`1013`	-	-	3,869	16,910	16,240	14,504	12,776	12,544	12,560	10,768
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 15 older financial years (1991-2005) were filed as documents without figures as data, scans for example.

Source: Annual accounts 2015 (PDF), filed on 07-07-2016.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2015	full format	07-07-2016	2016-30100215	PDF
31-12-2014	full format	10-07-2015	2015-29500558	PDF
31-12-2013	full format	24-07-2014	2014-34500323	PDF
31-12-2012	full format	19-07-2013	2013-32000403	PDF
31-12-2011	full format	27-09-2012	2012-57700508	PDF
31-12-2010	full format	08-07-2011	2011-26400043	PDF
31-12-2009	full format	10-08-2010	2010-39800333	PDF
31-12-2008	abbreviated format	23-06-2009	2009-26200188	PDF
31-12-2007	abbreviated format	27-05-2008	2008-15700116	PDF
31-12-2006	abbreviated format	04-06-2007	2007-17700092	PDF
31-12-2005	abbreviated format	06-06-2006	2006-19202039	PDF
31-12-2004	abbreviated format	11-05-2005	2005-14504169	PDF
31-12-2003	abbreviated format	07-06-2004	2004-21005271	PDF
31-12-2002	abbreviated format	04-06-2003	2003-19503500	PDF
31-12-2001	abbreviated format	04-06-2002	2002-16801952	PDF
31-12-2000	abbreviated format	07-06-2001	2001-18303485	PDF
31-12-1999	abbreviated format	26-05-2000	2000-15603965	PDF
31-12-1998	abbreviated format	26-05-1999	1999-11702728	PDF
31-12-1997	abbreviated format	29-05-1998	1998-12104940	PDF
31-12-1996	abbreviated format	23-06-1997	1997-19000957	PDF
31-12-1995	abbreviated format	20-06-1996	1996-19203038	PDF
31-12-1994	abbreviated format	16-05-1995	1995-08201875	PDF
31-12-1993	abbreviated format	01-06-1994	1994-11001783	PDF
31-12-1992	abbreviated format	03-06-1993	1993-10001538	PDF
31-12-1991	abbreviated format	11-06-1992	1992-10105030	PDF

Key figures and ratios

per financial year, computed from the annual accounts

Line	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	40,024	9,658	-458,676	-467,113	-11,365	193,383	248,044	208,756	192,868	158,483
Cash flow	25,891	-51,297	-599,415	-545,832	-53,420	157,778	192,934	153,661	136,514	118,233
Investment in fixed assets (approximation)	-0	0	-199,397	36,245	69,796	297,222	668,509	56,694	72,105	229,119
Change in cash	-	0	0	-3,899	2,254	-116,639	33,302	-27,875	47,634	-
Working capital	-1.3m	-1.3m	-1.2m	-774,194	-243,854	-53,834	-347,624	106,379	40,126	41,667
EBIT margin	18.9%	-	-	-46.5%	-7.2%	-0.6%	9.5%	-	-	-
Solvency	-724.2%	-490.3%	-207.1%	-46.2%	8.2%	18.9%	25.8%	32.7%	26.5%	20.2%
Current ratio	0.01	0.05	0.22	0.48	0.79	0.93	0.60	1.29	1.11	1.11
Quick ratio	0.01	0.05	0.22	0.30	0.50	0.44	0.31	0.62	0.48	0.62
Debt to equity	-	-	-	-	11.25	4.28	2.77	2.06	2.78	3.94
ROE	-	-	-	-	-121.4%	-12.4%	21.8%	22.7%	23.3%	24.0%
ROA	-2.5%	-32.2%	-112.4%	-60.5%	-9.9%	-2.3%	5.6%	7.4%	6.2%	4.9%
Interest coverage	3.00	0.57	-24.43	-19.39	-0.27	6.00	14.37	-	-	-
Customer credit	118 days	4919 days	541 days	85 days	91 days	70 days	25 days	-	-	-
Supplier credit	93 days	750 days	88 days	24 days	64 days	59 days	32 days	-	-	-

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Revenue breakdown

as filed

By activity 2012

Schrijnwerkerij €1,325,969100.0%

Source: 2012 accounts, page 17, filing 2013-32000403

By geographic market 2012

Europa €1,325,969100.0%

Source: 2012 accounts, page 17, filing 2013-32000403

The 2013 accounts state only “Schrijnwerkerij” in the revenue breakdown.

All years (2008 to 2012)

By activity

By activity	2008	2009	2010	2011	2012
Schrijnwerkerij	€1,522,212	€1,559,327	€1,611,794	€2,191,141	€1,325,969

By geographic market

By geographic market	2008	2009	2010	2011	2012
Europa	€1,522,212	€1,559,327	€1,611,794	€2,191,141	€1,325,969

Insights on PF

The operating result for 2015 is a profit of €9,867, after a loss of €20,499 in 2014. It is the highest result since 2009.

Equity is negative. Debt (€1.4m) exceeds the balance-sheet total (€172,056).

Board & ownership

Curator

1 mandate

Mr Lievens Renaat

Curator, Ganzenhof 3, 9080 Lochristi

from 14-12-2016 to 16-05-2023

Control

Consolidating parent

GROUP BOSTOEN NV

Equity €20.8m

Loss €2.8m in 2025 (loss €2.9m in 2024)

Checked score 82

Source: parent in own accounts 2015

consolidates

This company

Equity -€1.2m

Loss €4,266 in 2015

Capital

Capital: €26,000
Source: 2015 annual accounts

Owners through the years

as the annual accounts name them

Immobiliën Francis Bostoen

100%

Bostoen Group

consolidates

consolidates until 2015

100% until 2012

99.23% until 2008

Owners as a list

Immobiliën Francis Bostoen
- 2013 to 2016: 100%
Bostoen Group
- 2009 to 2015: consolidates
TERRASTONE
- 2009 to 2012: 100%
RITMAR
- 2006 to 2008: 99.23%

Source: parent in its own accounts, lists of holdings in the owners' accounts

Office holders in the KBO →

Network & group

Parent

GROUP BOSTOEN NV

0437.878.289 · equity €20.8m · loss €2.8m (2025)

Checked score 82

Connections & network

Depth

The network starts from the shareholders of PF. Every company they also own or run is a node.

This company Company Director Shareholding +N: links not shown yet

Timeline

31 events since 1991

Filings

Financial

Insolvency

1995200020052010201520202025

2023

24-05-2023

Bankruptcy closure (insufficient assets) Enterprise Court of Ghent, Ghent division · judgment of 16-05-2023

2016

19-12-2016

Bankruptcy published Commercial Court of Ghent, Ghent division · judgment of 14-12-2016

07-07-2016

Annual accounts 2015 filed PDFfull format · 24 days before the deadline

2015

10-07-2015

Annual accounts 2014 filed PDFfull format · 21 days before the deadline

2014

24-07-2014

Annual accounts 2013 filed PDFfull format · 7 days before the deadline

2013

19-07-2013

Annual accounts 2012 filed PDFfull format · 12 days before the deadline

2012

31-12-2012

Weakest financial year net -€694,778 The net result drops to -€694,778, the lowest from 2006 to 2015.

27-09-2012

Annual accounts 2011 filed PDFfull format · 58 days late

2011

08-07-2011

Annual accounts 2010 filed PDFfull format · 23 days before the deadline

2010

10-08-2010

Annual accounts 2009 filed PDFfull format · 10 days late

2009

31-12-2009

Highest result from 2006 to 2015 net €89,101 ▲23% The operating result of €144,211 and the net result of €89,101 are both a record.

23-06-2009

Annual accounts 2008 filed PDFabbreviated format · 38 days before the deadline

2008

27-05-2008

Annual accounts 2007 filed PDFabbreviated format · 65 days before the deadline

2007

31-12-2007

Equity above €200,000 equity €246,686 ▲23.8% With a profit in every financial year since 2006, equity grows to €246,686.

04-06-2007

Annual accounts 2006 filed PDFabbreviated format · 57 days before the deadline

2006

06-06-2006

Annual accounts 2005 filed PDFabbreviated format

2005

11-05-2005

Annual accounts 2004 filed PDFabbreviated format

2004

07-06-2004

Annual accounts 2003 filed PDFabbreviated format

2003

04-06-2003

Annual accounts 2002 filed PDFabbreviated format

2002

04-06-2002

Annual accounts 2001 filed PDFabbreviated format

2001

07-06-2001

Annual accounts 2000 filed PDFabbreviated format

2000

26-05-2000

Annual accounts 1999 filed PDFabbreviated format

1999

26-05-1999

Annual accounts 1998 filed PDFabbreviated format

1998

29-05-1998

Annual accounts 1997 filed PDFabbreviated format

1997

23-06-1997

Annual accounts 1996 filed PDFabbreviated format

1996

20-06-1996

Annual accounts 1995 filed PDFabbreviated format

1995

16-05-1995

Annual accounts 1994 filed PDFabbreviated format

1994

01-06-1994

Annual accounts 1993 filed PDFabbreviated format

1993

03-06-1993

Annual accounts 1992 filed PDFabbreviated format

1992

11-06-1992

Annual accounts 1991 filed PDFabbreviated format

1991

23-02-1991

Incorporation 21 publications in the Belgian Official Gazette, the last on 02-09-2016

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official Gazette Filings with the National Bank

History

Turnover fell from €2.2m in 2011 to €52,276 in 2015 and headcount from 10.6 full-time equivalents in 2011 to 3.1 in 2013.¹ The bankruptcy of PF was declared on 14 December 2016 and closed on 16 May 2023.²³

Company details

Inactive

PF is no longer in the KBO register.

Last annual accounts: financial year to 31 December 2015
Last registered office: Koninginnelaan 2, Bus 3, 9031 Drongenas published on 2 September 2016
Legal form: Private limited company (pre-2019)
First annual accounts: financial year 1991

Official KBO record