Active BE 0438.157.908Public limited companyOpen bankruptcy

PIERINO HORECA

Chaussée de Bruxelles 68 ·6020 Charleroi, Belgium· 37 yrs active

Sector: Vervaardiging van machines en apparaten voor klimaatregeling, voor niet-huishoudelijk gebruik (28250)

Conclusion Checked

A bankruptcy procedure is open for PIERINO HORECA according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €32k and a net result of €-8k.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€32k
Net result	€-8k
Better than sector	19%
Active	37 yrs

Financial profile 5 of 5 axes measured · computed by Checked

20 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 19

Solvency 42

Growth 38

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2021 · computed

0 / 100 Critical

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2021 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 26-09-2022 with the NBB · fiscal year 2021 · micro

RevenueOperating resultNet result

Sector comparison

Fiscal year 2021 · NACE 28 · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	12.9%	38.8%	better than 19% of 49 sector peers
Net result	€-8k	€21k	better than 10% of 49 sector peers
Equity	€32k	€55k	better than 25% of 49 sector peers
Gross operating margin	€7k	€62k	better than 15% of 49 sector peers
Total assets	€246k	€214k	better than 56% of 49 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Revenue

€50k

-36.7% 18-21

EBITDA

€6k

-62.3% 18-21

Net profit

€-8k

+62.0% 18-21

Cash flow

€-2k

+85.5% 18-21

Total assets

€246k

+9.1% 18-21

Equity

€32k

-20.8% 18-21

Working capital

€153k

+42.4% 18-21

Income taxes

€957

- 18-21

Show 12 other metrics

Debt

€215k

+15.6% 18-21

Debt ≤ 1y

€78k

-19.6% 18-21

Debt > 1y

€16k

-15.7% 18-21

Current ratio

2.97

+40.7% 18-21

Quick ratio

2.85

+35.0% 18-21

Solvency

12.9%

-27.5% 18-21

Debt / equity

6.78

+1309.0% 18-21

ROE

-26.3%

+52.0% 18-21

ROA

-3.4%

+65.2% 18-21

Net margin

-16.6%

+40.0% 18-21

EBITDA margin

11.3%

-40.4% 18-21

Interest coverage

0.81

- 18-21

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Deposit	micro
Revenue	€50k
EBITDA	€6k
Net profit	€-8k
Cash flow	€-2k
Staff costs	-
Income taxes	€957
Dividends	-
Total assets	€246k
Equity	€32k
Debt	€215k
of which ≤ 1y	€78k
of which > 1y	€16k
Working capital	€153k
Employees (FTE)	-

Ratios (computed)

	2021
Current ratio	2.97
Quick ratio	2.85
Working capital ratio	62.2%
Solvency	12.9%
Debt / equity	6.78
Long-term debt ratio	0.51
Interest coverage	0.81
Gross margin	-30.7%
Net margin	-16.6%
ROA	-3.4%
ROE	-26.3%
EBITDA margin	11.3%
Days sales outstanding	582d
Days payable outstanding	326d
Inventory turnover	7.07
Days inventory (DSI)	52d

Balance-sheet composition 2021

Assets

Fixed assets €15k · 6.2% Current assets €231k · 93.8%

Equity & liabilities

Equity €32k · 12.9% Debt €215k · 87.1%

Full annual accounts (25 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€246k
Fixed assets	21/28	€15k
Tangible fixed assets	22/27	€15k
Financial fixed assets	28	€300
Current assets	29/58	€231k
Stocks & contracts in progress	3	€9k
Amounts receivable within one year	40/41	€80k
Cash & bank	54/58	€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€246k
Equity	10/15	€32k
Contributions / capital	10/11	€62k
Accumulated profits (losses)	14	€-30k
Amounts payable	17/49	€215k
Amounts payable after one year	17	€16k
Amounts payable within one year	42/48	€78k
Trade debts payable within one year	44	€59k
Income statement
Turnover	70	€50k
Gross operating margin	9900	€7k
Operating result	9901	€-356
Financial income	75	€2
Financial charges	65	€7k
Result before taxes	9903	€-7k
Income taxes	67/77	€957
Net result for the period	9904	€-8k
Result to be appropriated	9905	€-8k

This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	CHRISTIANE NOEL RUE DE DAMPREMY 67/32, 6000 CHARLEROI- . Date provisoire de cessation de paiement : 03/10/2022	03-10-2022 → present	Belgian State Gazette

Legal Structure

NACE primary	Vervaardiging van machines en apparaten voor klimaatregeling, voor niet-huishoudelijk gebruik(28250)
Legal form	Public limited company(014)
Incorporation	11-08-1989
Status	Active
Postal code	6020
First BS signal	10-10-2022
Latest BS signal	10-10-2022

Establishment units 1 location

Pierino Horeca

Chaussée de Bruxelles 68, 6020 CharleroiVervaardiging van deegwaren

since 20162.252.720.575

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
52016A0423/00D005	Wallonia	742 m²	1 · 118 m²	11.3 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2022

10-10-2022

Bankruptcy Opening

Tribunal de l’entreprise du Hainaut, division Charleroi · PIERINO HORECA SA CHAUSSEE DE BRUXELLES 68, 6020 DAMPREMY · event 03-10-2022

26-09-2022