PIRES CONSTRUCT
InactivePIRES CONSTRUCT was declared bankrupt on 16-05-2023 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 06-05-2025, published in the Belgian State Gazette on 15-05-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2020.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○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 · 3 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline21-09-2026 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 18-10-2021, 79 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
79 d late
2018
153 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2020, micro schema
Equity
€13k▲ 34.1%
2018 · €9k
2018: €9k
2018 → 2020
Total assets
€24k▲ 39.0%
2018 · €17k
2018: €17k
2018 → 2020
Net result
€-413
2018 · €4k
2018: €4k
2018 → 2020
Working capital
€8k▲ 387%
2018 · €2k
2018: €2k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182020Trend
Equity€9k-€13k▲ 34.1%
Operating result€6k-€3k▼ 57.8%
Net result€4k-€-413
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €3k in 2020, compared with €6k in 2018. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2020 in colour, 2018 as the grey bar beneath
Assets €24k
Fixed assets
€4k▼ 43.7%
Current assets
€20k▲ 106%
Equity and liabilities €24k
Equity
€13k▲ 34.1%
Debt
€11k▲ 44.8%
The debt ratio rises from 45.4% to 47.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€5k▼
2018 · €9k
Cash flow
€2k▼
2018 · €7k
Solvency
52.7%▼
2018 · 54.6%
Current ratio
1.73▲
2018 · 1.22
Quick ratio
1.73▲
2018 · 1.22
ROE
-3.3%▼
2018 · 47.2%
ROA
-1.7%▼
2018 · 25.8%
Debt
€11k▲
2018 · €8k
Debt ≤ 1 year
€11k▲
2018 · €8k
Income taxes
€1k▼
2018 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2020 against 2018
Balance sheet
Code20182020
Assets
Total assets20/58€17k€24k▲
Fixed assets21/28€8k€4k▼
Tangible fixed assets22/27€8k€4k▼
Current assets29/58€9k€20k▲
Amounts receivable within one year40/41€8k€17k▲
Cash at bank and in hand54/58€150€3k▲
Equity and liabilities
Total equity and liabilities10/49€17k€24k▲
Equity10/15€9k€13k▲
Contributions10/11€1k-
Reserves13€8k€8k=
Profit (loss) carried forward14-€3k
Amounts payable17/49€8k€11k▲
Amounts payable within one year42/48€8k€11k▲
Trade debts44€4k€7k▲
Income statement
Code20182020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Gross operating margin9900€10k€7k▼
Operating profit (loss)9901€6k€3k▼
Recurring financial income75€38-
Recurring financial charges65€65€2k▲
Profit (loss) for the period before taxes9903€6k€884▼
Income taxes67/77€2k€1k▼
Profit (loss) for the period9904€4k€-413▼
Profit (loss) for the period to be appropriated9905€4k€-413▼
Timeline · acts, filings and financial milestones
2025
15-05
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · PIRES CONSTRUCT BV IMPERIASTRAAT 8/1, 1930 ZAVENTEM · event 06-05-2025
2023
15-12
KBO administration
Address struck
24-05
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · PIRES CONSTRUCT BV IMPERIASTRAAT 8/1, 1930 ZAVENTEM · event 16-05-2023
2021
18-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 79 days late
2019
31-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 153 days late
2018
31-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 153 days late
SignalNBB filing
Directors · office · real estate
Directors
6 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 | Gerry VERSCHUREN BLEEKSTRAAT 11/003,
2800 MECHELEN |
16-05-2023 → present |
Company data · Crossroads Bank
Identification
Legal formBVBA
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filings
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.