PINIPAL
InactivePINIPAL was declared bankrupt on 24-02-2022 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 18-10-2022, published in the Belgian State Gazette on 26-10-2022.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 5 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 31-08-2021, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 31 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2020, micro schema
Equity
-€29,341▼ 18.2%
2019 · -€24,825
Total assets
€1,789▼ 74.6%
2019 · €7,044
Net result
-€4,516▲ 54.0%
2019 · -€9,818
Working capital
-€29,721▼ 9.5%
2019 · -€27,143
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Operating result€3,193--€9,550-€4,345▲ 54.5%
Net result€2,901--€9,818-€4,516▲ 54.0%
Equity-€15,007--€24,825▼ 65.4%-€29,341▼ 18.2%
Total assets€6,438-€7,044▲ 9.4%€1,789▼ 74.6%
Debt€21,445-€31,869▲ 48.6%€31,129▼ 2.3%
Working capital-€19,345--€27,143▼ 40.3%-€29,721▼ 9.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4,345 in 2020 against €9,550 in 2019; the loss shrinks.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €1,789
Fixed assets
€380 ▼ 82.4%
Current assets
€1,409 ▼ 70.2%
Key figures and ratios
EBITDA
-€2,407▲
2019 · -€7,531
Cash flow
-€2,578▲
2019 · -€7,799
Debt ≤ 1 year
€31,129▼
2019 · €31,869
Ratios withheld: a balance sheet total of €1,789 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,095 | €2,019 | €1,938 | ▼ 4.0% |
| Gross operating margin9900 | €8,566 | -€5,273 | -€1,513 | ▲ 71.3% |
| Operating profit (loss)9901 | €3,193 | -€9,550 | -€4,345 | ▲ 54.5% |
| Recurring financial charges65 | €292 | €268 | €171 | ▼ 36.1% |
| Profit (loss) for the period before taxes9903 | €2,901 | -€9,818 | -€4,516 | ▲ 54.0% |
| Profit (loss) for the period9904 | €2,901 | -€9,818 | -€4,516 | ▲ 54.0% |
| Profit (loss) for the period to be appropriated9905 | €2,901 | -€9,818 | -€4,516 | ▲ 54.0% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €6,438 | €7,044 | €1,789 | ▼ 74.6% |
| Formation expenses20 | €363 | €155 | - | - |
| Fixed assets21/28 | €3,975 | €2,163 | €380 | ▼ 82.4% |
| Tangible fixed assets22/27 | €3,975 | €2,163 | €380 | ▼ 82.4% |
| Current assets29/58 | €2,101 | €4,726 | €1,409 | ▼ 70.2% |
| Amounts receivable within one year40/41 | €888 | €4,157 | €453 | ▼ 89.1% |
| Cash at bank and in hand54/58 | €1,212 | €569 | €956 | ▲ 67.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €6,438 | €7,044 | €1,789 | ▼ 74.6% |
| Equity10/15 | -€15,007 | -€24,825 | -€29,341 | ▼ 18.2% |
| Contributions10/11 | €18,600 | €18,600 | - | - |
| Profit (loss) carried forward14 | -€33,607 | -€43,425 | -€47,941 | ▼ 10.4% |
| Amounts payable17/49 | €21,445 | €31,869 | €31,129 | ▼ 2.3% |
| Amounts payable within one year42/48 | €21,445 | €31,869 | €31,129 | ▼ 2.3% |
| Trade debts44 | €349 | €8,322 | €5,769 | ▼ 30.7% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,901 | -€9,818 | -€4,516 | ▲ 54.0% |
| + Depreciation and write-downs630 | €2,095 | €2,019 | €1,938 | ▼ 4.0% |
| Operating cash flow (approximation) | €4,996 | -€7,799 | -€2,578 | ▲ 66.9% |
| Investment in fixed assets (approximation) | - | -€207 | -€155 | ▲ 25.1% |
| Change in cash | - | -€643 | €387 | ▲ 160% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2022
26-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 18-10-2022
02-03
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 24-02-2022
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet -€9,818
Net result drops to -€9,818, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
17-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 290 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JEAN HENDRICKX LANGE LOZANASTRAAT 24,
2018 ANTWERPEN 1 |
24-02-2022 → 18-10-2022 |