PIRO
Open bankruptcyA bankruptcy procedure is open for PIRO according to publications in the Belgian State Gazette; curator: CARL SCHREURS.
Summary
The 2020 annual accounts show equity of €13k and a net result of €23k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Equity
€13k
2019 · €-10k
2018: €3k
2019: €-10k▼ -427% vs 2018lowest in 3 years
2020: €13k▲ +232% vs 2019highest in 3 years
2018 → 2020
Total assets
€64k▲ 682%
2019 · €8k
2018: €13k
2019: €8k▼ -35.4% vs 2018lowest in 3 years
2020: €64k▲ +682% vs 2019highest in 3 years
2018 → 2020
Net result
€23k
2019 · €-13k
2018: €-7k
2019: €-13k▼ -90.5% vs 2018lowest in 3 years
2020: €23k▲ +278% vs 2019highest in 3 years
2018 → 2020
Working capital
€15k
2019 · €-4k
2018: €-1k
2019: €-4k▼ -251% vs 2018lowest in 3 years
2020: €15k▲ +451% vs 2019highest in 3 years
2018 → 2020
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€3k-€-10k€13k
2018: €3k
2019: €-10k▼ -427% vs 2018lowest in 3 years
2020: €13k▲ +232% vs 2019highest in 3 years
Operating result€-7k-€-13k▼ 87.0%€25k
2018: €-7k
2019: €-13k▼ -87.0% vs 2018lowest in 3 years
2020: €25k▲ +289% vs 2019highest in 3 years
Net result€-7k-€-13k▼ 90.5%€23k
2018: €-7k
2019: €-13k▼ -90.5% vs 2018lowest in 3 years
2020: €23k▲ +278% vs 2019highest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2020: €25k after a loss of €13k in 2019, the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €64k
Fixed assets
€9k ▲ 108%
Current assets
€55k ▲ 1,265%
Equity and liabilities €64k
Equity
€13k
Debt
€51k
Debt finances 79.1% of the balance-sheet total.
Key figures and ratios
EBITDA
€25k▲
2019 · €-13k
Cash flow
€24k▲
2019 · €-13k
Current ratio
1.36▲
2019 · 0.49
Debt to equity
0.75▲
2019 · -0.99
ROE
175.7%
ROA
36.6%▲
2019 · -161.1%
Debt ≤ 1 year
€41k▲
2019 · €8k
Debt > 1 year
€10k=
2019 · €10k
Income taxes
€1k
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 · 2020 against 2019 · 24 lines
Balance sheet
Code20192020
Assets
Total assets20/58€8k€64k▲
Fixed assets21/28€4k€9k▲
Tangible fixed assets22/27€1k€6k▲
Financial fixed assets28€3k€3k=
Current assets29/58€4k€55k▲
Amounts receivable within one year40/41€957€50k▲
Cash at bank and in hand54/58€3k€5k▲
Equity and liabilities
Total equity and liabilities10/49€8k€64k▲
Equity10/15€-10k€13k▲
Contributions10/11€10k-
Profit (loss) carried forward14€-20k€3k▲
Amounts payable17/49€18k€51k▲
Amounts payable after more than one year17€10k€10k=
Amounts payable within one year42/48€8k€41k▲
Trade debts44€4k€24k▲
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€164€476▲
Gross operating margin9900€-11k€27k▲
Operating profit (loss)9901€-13k€25k▲
Recurring financial income75-€1
Recurring financial charges65€197€51▼
Profit (loss) for the period before taxes9903€-13k€24k▲
Income taxes67/77-€1k
Profit (loss) for the period9904€-13k€23k▲
Profit (loss) for the period to be appropriated9905€-13k€23k▲
Accounts by statement
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €164 | €164 | €476 | ▲ 190% |
| Gross operating margin9900 | €-6k | €-11k | €27k | ▲ 351% |
| Operating profit (loss)9901 | €-7k | €-13k | €25k | ▲ 289% |
| Recurring financial income75 | €36 | - | €1 | - |
| Recurring financial charges65 | €9 | €197 | €51 | ▼ 74.0% |
| Profit (loss) for the period before taxes9903 | €-7k | €-13k | €24k | ▲ 286% |
| Income taxes67/77 | - | - | €1k | - |
| Profit (loss) for the period9904 | €-7k | €-13k | €23k | ▲ 278% |
| Profit (loss) for the period to be appropriated9905 | €-7k | €-13k | €23k | ▲ 278% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €13k | €8k | €64k | ▲ 682% |
| Fixed assets21/28 | €4k | €4k | €9k | ▲ 108% |
| Tangible fixed assets22/27 | €1k | €1k | €6k | ▲ 336% |
| Financial fixed assets28 | €3k | €3k | €3k | = |
| Current assets29/58 | €8k | €4k | €55k | ▲ 1,265% |
| Amounts receivable within one year40/41 | €8k | €957 | €50k | ▲ 5,157% |
| Cash at bank and in hand54/58 | €12 | €3k | €5k | ▲ 64.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €13k | €8k | €64k | ▲ 682% |
| Equity10/15 | €3k | €-10k | €13k | ▲ 232% |
| Contributions10/11 | €10k | €10k | - | - |
| Profit (loss) carried forward14 | €-7k | €-20k | €3k | ▲ 117% |
| Amounts payable17/49 | €10k | €18k | €51k | ▲ 177% |
| Amounts payable after more than one year17 | - | €10k | €10k | = |
| Amounts payable within one year42/48 | €10k | €8k | €41k | ▲ 391% |
| Trade debts44 | €3k | €4k | €24k | ▲ 567% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-7k | €-13k | €23k | ▲ 278% |
| + Depreciation and write-downs630 | €164 | €164 | €476 | ▲ 190% |
| Operating cash flow (approximation) | €-7k | €-13k | €24k | ▲ 284% |
| Investment in fixed assets (approximation) | - | €0 | €-5k | - |
| Change in cash | - | €3k | €2k | ▼ 35.4% |
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
2024
12-06
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 06-06-2024
2021
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 91 days late
2020
31-12
Financial
Back to profitnet €23k
Net result €23k after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 1.36
Current ratio from 0.49 to 1.36.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Dilsen-Stokkem · 1 establishment unit since 2019
Ground area
721 m²
Building footprint
168 m²
Volume, LiDAR
3 m³
Parcel 73043A0533/00N000, Flanders · tallest building 1.0 m. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Piro
since 20192.287.473.695
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73043A0533/00N000 | Flanders | 721 m² | 1 · 168 m² | 1.0 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CARL SCHREURS PASTOOR RAEYMAEKERS-
STRAAT 25, 3600 GENK |
06-06-2024 → present |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded17-01-2018
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.