PIERCO HOTELS INTERNATIONAL
Open bankruptcyA bankruptcy procedure is open for PIERCO HOTELS INTERNATIONAL according to publications in the Belgian State Gazette; curator: JENS VREBOS.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Filed more than 90 days late
The financial year that closed on 16-02-2022 was due by 16-09-2022 and was filed on 28-03-2023, 193 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2022
193 d late
2021
239 d late
2020
107 d late
2019
102 d late
2018
119 d late
2017
128 d late
2016
85 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Turnover
€1.19M
EBIT margin
16.8%
Net result
€-2k▲ 99.0%
2021 · €-192k
2018: €187k
2019: €222k
2020: €116k
2021: €-192k
2018 → 2022
Working capital
€1.14M▼ 0.2%
2021 · €1.14M
2018: €2.06M
2019: €1.74M
2020: €1.79M
2021: €1.14M
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€1.19M-
Equity€1.71M-€1.93M▲ 13.0%€2.04M▲ 5.9%€1.83M▼ 10.3%€1.83M▼ 0.1%
Operating result€201k-€265k▲ 32.2%€126k▼ 52.3%€-20k
Net result€187k-€222k▲ 18.6%€116k▼ 47.9%€-192k€-2k▲ 99.0%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €20k after €126k in 2020, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €2.85M
Fixed assets
€1.14M =
Current assets
€1.71M =
Equity and liabilities €2.85M
Equity
€1.83M ▼ 0.1%
Provisions
€303k =
Debt
€713k ▲ 0.3%
Debt's share of the balance-sheet total rises from 25.0% to 25.1%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
3.01▼
2021 · 3.02
Debt to equity
0.39▲
2021 · 0.39
ROE
-0.1%▲
2021 · -10.5%
ROA
-0.1%▲
2021 · -6.7%
Debt ≤ 1 year
€567k▲
2021 · €566k
Debt > 1 year
€146k=
2021 · €146k
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 · 2022 against 2021 · 54 lines
Balance sheet
Code20212022
Assets
Total assets20/58€2.85M€2.85M=
Fixed assets21/28€1.14M€1.14M=
Tangible fixed assets22/27€1.14M€1.14M=
Plant, machinery and equipment23€447k€447k=
Furniture and vehicles24€79k€79k=
Other tangible fixed assets26€613k€613k=
Financial fixed assets28€285€285=
Current assets29/58€1.71M€1.71M=
Amounts receivable after more than one year29€1.40M€1.40M=
Other amounts receivable291€1.40M€1.40M=
Amounts receivable within one year40/41€138k€138k=
Trade receivables40€109k€109k=
Other amounts receivable41€30k€30k=
Current investments50/53€1k€1k=
Cash at bank and in hand54/58€98k€98k=
Deferred charges and accrued income490/1€71k€71k=
Equity and liabilities
Total equity and liabilities10/49€2.85M€2.85M=
Equity10/15€1.83M€1.83M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€27k€27k=
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Tax-exempt reserves132€19k€19k=
Profit (loss) carried forward14€1.74M€1.74M▼
Provisions and deferred taxes16€303k€303k=
Provisions for liabilities and charges160/5€303k€303k=
Other liabilities and charges164/5€303k€303k=
Amounts payable17/49€711k€713k▲
Amounts payable after more than one year17€146k€146k=
Financial debts170/4€146k€146k=
Amounts payable within one year42/48€566k€567k▲
Current portion of amounts payable after more than one year42€142k€116k▼
Financial debts43€104k€132k▲
Credit institutions430/8€104k€132k▲
Trade debts44€124k€124k=
Suppliers440/4€124k€124k=
Taxes, remuneration and social security45€177k€177k=
Taxes450/3€173k€173k=
Remuneration and social security454/9€3k€3k=
Other amounts payable47/48€20k€20k=
Income statement
Code20212022
Remuneration, social security and pensions62€2k-
Other operating charges640/8€15k-
Gross operating margin9900€-3k-
Operating profit (loss)9901€-20k-
Financial charges65/66B€10k€2k▼
Recurring financial charges65€10k€2k▼
Profit (loss) for the period before taxes9903€-30k€-2k▲
Income taxes67/77€161k-
Profit (loss) for the period9904€-192k€-2k▲
Profit (loss) for the period to be appropriated9905€-192k€-2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.74M€1.74M▼
Profit (loss) brought forward from the previous period14P€1.93M€1.74M▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
28-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 193 days late
27-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 239 days late
2021
31-12
Financial
Weakest financial yearnet €-192k ▼266%
Net result drops to €-192k, the lowest in the series.
03-12
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · PIERCO HOTELS INTERNA- TIONAL NV BERGSTRAAT 22, 1000 BRUSSEL · event 23-11-2021
15-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 107 days late
2020
31-12
Financial
Equity above €2MEq €2.04M ▲5.9%
3 profitable years in a row build equity to €2.04M.
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 102 days late
2019
31-12
Financial
Highest result since 2018net €222k ▲18.6%
Net result €222k, the highest in the series.
27-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 119 days late
2018
06-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 128 days late
2017
24-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 85 days late
2016
08-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 8 days late
2015
31-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
07-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JENS VREBOS EZELSTRAAT 25, 8000 BRUGGE- |
23-11-2021 → present |