PFC
ActiveThe file of PFC contains 2 judicial reorganisations, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 4.5% (elevated). The 2024 annual accounts show equity of €9.93M and a net result of €18k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 79% of 9038 sector peers (fiscal year 2024).
Checked score
Score 2024
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability19▲+5
Solvency97▲+76
Growth78=
Track record60
Bankruptcy probability, 12 months
4.5%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €490k at 30 days only on tighter terms
short-term debt: 0.1% and cash: 0.9% of total assets, and 27.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
72.4%
Return on assets
0.1%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
8 d early
2022
28 d early
2021
31 d early
2020
16 d early
2019
14 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Turnover
€75k
EBIT margin
-1252.6%
Net result
€18k
2023 · €-79k
2018: €-6.50M
2019: €3.74M
2020: €-19k
2021: €-18k
2022: €-49k
2023: €-79k
2018 → 2024
Working capital
€10.32M
2023 · €-1.94M
2018: €-2.74M
2019: €142k
2020: €111k
2021: €-324k
2022: €-951k
2023: €-1.94M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€61k-€43k▼ 29.3%€-6k€-84k▼ 1,409%€9.93M
Operating result€-23k-€-10k▲ 58.1%€-10k▼ 0.6%€-31k▼ 213%€-123k▼ 299%
Net result€-19k-€-18k▲ 5.5%€-49k▼ 172%€-79k▼ 60.9%€18k
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €123k in 2024 against €31k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €13.71M
Fixed assets
€3.37M ▲ 81.8%
Current assets
€10.34M ▲ 28,577%
Equity and liabilities €13.71M
Equity
€9.93M
Debt
€3.78M
Debt finances 27.6% of the balance-sheet total.
Key figures and ratios
EBITDA
€-108k▼
2023 · €-24k
Cash flow
€33k▲
2023 · €-72k
Debt to equity
0.38▲
2023 · -23.47
ROE
0.2%
ROA
0.1%▲
2023 · -4.2%
Interest coverage
-1.40▼
2023 · -0.46
Debt ≤ 1 year
€15k▼
2023 · €1.98M
Debt > 1 year
€3.73M
A ratio outside any meaningful range has been withheld (balance sheet total €13.71M, equity €9.93M).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 54 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.89M€13.71M▲
Fixed assets21/28€1.86M€3.37M▲
Tangible fixed assets22/27€310k€295k▼
Land and buildings22€308k€293k▼
Furniture and vehicles24€2k€2k▼
Financial fixed assets28€1.55M€3.08M▲
Current assets29/58€36k€10.34M▲
Amounts receivable within one year40/41€1k€219k▲
Trade receivables40-€29
Other amounts receivable41€1k€219k▲
Current investments50/53€11k€9.92M▲
Cash at bank and in hand54/58€23k€124k▲
Deferred charges and accrued income490/1€202€76k▲
Equity and liabilities
Total equity and liabilities10/49€1.89M€13.71M▲
Equity10/15€-84k€9.93M▲
Contributions10/11€8.82M€18.82M▲
Capital10€7.53M€17.53M▲
Issued capital100€7.53M€17.53M▲
Outside capital11€1.30M€1.30M=
Share premium1100/10€1.30M€1.30M=
Reserves13€61k€61k=
Non-distributable reserves130/1€61k€61k=
Legal reserve130€11k€11k=
Own shares acquired1312€50k€50k=
Tax-exempt reserves132€0-
Profit (loss) carried forward14€-8.97M€-8.95M▲
Amounts payable17/49€1.98M€3.78M▲
Amounts payable after more than one year17-€3.73M
Financial debts170/4-€3.73M
Amounts payable within one year42/48€1.98M€15k▼
Current portion of amounts payable after more than one year42€0-
Financial debts43€1.97M€0▼
Other loans439€1.97M€0▼
Trade debts44-€6k
Suppliers440/4-€6k
Advances received on contracts in progress46€19€19=
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€6k€9k▲
Accrued charges and deferred income492/3-€33k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€15k▲
Other operating charges640/8€6k€82k▲
Gross operating margin9900€-18k€-26k▼
Operating profit (loss)9901€-31k€-123k▼
Financial income75/76B€4k€218k▲
Recurring financial income75€4k€218k▲
Financial charges65/66B€52k€77k▲
Recurring financial charges65€52k€77k▲
Profit (loss) for the period before taxes9903€-79k€18k▲
Profit (loss) for the period9904€-79k€18k▲
Transfer from tax-exempt reserves789€3.99M€0▼
Profit (loss) for the period to be appropriated9905€3.91M€18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-8.97M€-8.95M▲
Profit (loss) brought forward from the previous period14P€-12.88M€-8.97M▲
The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €18k
Net result €18k after 4 loss-making years.
31-12
Financial
Liquidity times 36992current ratio 674.88
Current ratio from 0.02 to 674.88; short-term debt falls from €1.98M to €15k.
31-12
Financial
Equity above €5MEq €9.93M
Equity rises from €-84k to €9.93M.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €3.74M
Net result €3.74M after one loss-making year.
31-12
Financial
Liquidity times 48current ratio 1.39
Current ratio from 0.03 to 1.39; short-term debt falls from €2.82M to €361k.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Show earlier events
08-03
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2018
16-11
Judicial reorganisation
Plan homologation
Ondernemingsrechtbank Gent · 20180019 · event 06-11-2018
14-08
Judicial reorganisation
Opening
Rechtbank van koophandel Gent · collectif · event 09-08-2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 73 days late
2017
08-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 161 days late
2016
10-03
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
11-03
State Gazette act
General meeting · Capital increase
Capital · Director resignation · Eric De Bie
23-02
State Gazette act
Merger · Corporate purpose
Capital · Net-asset statement
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
24 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, Vilvoorde · 1 establishment unit since 2010
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.
Drie Kastelenstraat 601800 VilvoordeGround area
473 m²
Building footprint
236 m²
Volume, LiDAR
2,800 m³
Parcel 23066A0244/00R000, Flanders · tallest building 18.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Drie Kastelenstraat 60, 1800 Vilvoorde
since 20102.189.215.368
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23066A0244/00R000 | Flanders | 473 m² | 1 · 236 m² | 18.1 m · 4 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Legal Entity Identifier
894500RCNKUVF8R4VP73
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INTERNATIONAL GARAGE
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Of 169 companies in sector 46730 we hold annual accounts for 89. 8 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded12-02-2010
Fiscal year end31-12
Activities, NACEBEL 2025
46730Wholesale trade
46495Wholesale trade
47632Retail sale of bicycles
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.