PIZIMMO
Open bankruptcyA bankruptcy procedure is open for PIZIMMO according to publications in the Belgian State Gazette; curator: VIRGINIE SALTEUR.
Summary
The file additionally contains 1 administrative flag. The 2022 annual accounts show equity of €36k and a net result of €-62k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-03-2022 was due by 31-10-2022 and was filed on 21-11-2022, 21 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 · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
21 d late
2021
17 d late
2020
25 d late
2019
3 d early
← 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 2022, micro schema
Turnover
€74▼ 99.8%
2020 · €37k
2019: €208khighest in 3 years
2020: €37k▼ -82.2% vs 2019
2021: €74▼ -99.8% vs 2020lowest in 3 years
2019 → 2021
EBIT margin
-3431.1%▼ 3398.2pp
2020 · -32.9%
2019: 46.7%highest in 3 years
2020: -32.9%▼ -171% vs 2019
2021: -3431.1%▼ -10319% vs 2020lowest in 3 years
2019 → 2021
Net result
€-62k▼ 2,282%
2021 · €-3k
2019: €76khighest in 4 years
2020: €-5k▼ -106% vs 2019
2021: €-3k▲ +44.7% vs 2020
2022: €-62k▼ -2282% vs 2021lowest in 4 years
2019 → 2022
Working capital
€27k▼ 71.5%
2021 · €93k
2019: €100khighest in 4 years
2020: €96k▼ -4.6% vs 2019
2021: €93k▼ -2.7% vs 2020
2022: €27k▼ -71.5% vs 2021lowest in 4 years
2019 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212022Trend
Turnover€208k-€37k▼ 82.2%€74▼ 99.8%
2019: €208khighest in 3 years
2020: €37k▼ -82.2% vs 2019
2021: €74▼ -99.8% vs 2020lowest in 3 years
Equity€104k-€100k▼ 4.5%€97k▼ 2.6%€36k▼ 63.3%
2019: €104khighest in 4 years
2020: €100k▼ -4.5% vs 2019
2021: €97k▼ -2.6% vs 2020
2022: €36k▼ -63.3% vs 2021lowest in 4 years
Operating result€97k-€-12k€-3k▲ 79.3%€-21k▼ 719%
2019: €97khighest in 4 years
2020: €-12k▼ -113% vs 2019
2021: €-3k▲ +79.3% vs 2020
2022: €-21k▼ -719% vs 2021lowest in 4 years
Net result€76k-€-5k€-3k▲ 44.7%€-62k▼ 2,282%
2019: €76khighest in 4 years
2020: €-5k▼ -106% vs 2019
2021: €-3k▲ +44.7% vs 2020
2022: €-62k▼ -2282% vs 2021lowest in 4 years
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €21k in 2022 against €3k in 2021; the loss grows and 2022 has the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €36k
Fixed assets
€9k ▲ 127%
Current assets
€27k ▼ 71.2%
Equity and liabilities €36k
Equity
€36k ▼ 63.3%
Debt
€265 ▲ 55.6%
Debt's share of the balance-sheet total rises from 0.2% to 0.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-20k
Cash flow
€-61k
Debt to equity
0.01
ROE
-172.6%▼
2021 · -2.7%
ROA
-171.3%▼
2021 · -2.7%
Interest coverage
-49.90
Debt ≤ 1 year
€265▲
2021 · €170
A ratio outside any meaningful range has been withheld (balance sheet total €36k, equity €36k).
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 · 37 lines
Balance sheet
Code20212022
Assets
Total assets20/58€97k€36k▼
Fixed assets21/28€4k€9k▲
Tangible fixed assets22/27-€9k
Furniture and vehicles24-€9k
Financial fixed assets28€4k-
Current assets29/58€93k€27k▼
Amounts receivable within one year40/41€48k€18k▼
Other amounts receivable41-€18k
Cash at bank and in hand54/58€45k€9k▼
Equity and liabilities
Total equity and liabilities10/49€97k€36k▼
Equity10/15€97k€36k▼
Contributions10/11-€19k
Outside capital11-€19k
Share premium1100/10-€19k
Reserves13€2k€2k=
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Profit (loss) carried forward14€77k€15k▼
Amounts payable17/49€170€265▲
Amounts payable within one year42/48€170€265▲
Trade debts44-€94
Suppliers440/4-€94
Taxes, remuneration and social security45-€170
Taxes450/3-€170
Income statement
Code20212022
Turnover70€74-
Goods, raw materials, services and sundry goods60/61-€20k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€835
Gross operating margin9900€-3k€-20k▼
Operating profit (loss)9901€-3k€-21k▼
Financial charges65/66B-€41k
Recurring financial charges65€44€400▲
Non-recurring financial charges66B-€40k
Profit (loss) for the period before taxes9903€-3k€-62k▼
Profit (loss) for the period9904€-3k€-62k▼
Profit (loss) for the period to be appropriated9905€-3k€-62k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€15k
Profit (loss) brought forward from the previous period14P-€77k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Turnover70 | €208k | €37k | €74 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €20k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23k | - | - | €835 | - |
| Gross operating margin9900 | €122k | €-11k | €-3k | €-20k | ▼ 686% |
| Operating profit (loss)9901 | €97k | €-12k | €-3k | €-21k | ▼ 719% |
| Recurring financial income75 | - | €65 | - | - | - |
| Financial charges65/66B | - | - | - | €41k | - |
| Recurring financial charges65 | €356 | €69 | €44 | €400 | ▲ 809% |
| Non-recurring financial charges66B | - | - | - | €40k | - |
| Profit (loss) for the period before taxes9903 | €76k | €-5k | €-3k | €-62k | ▼ 2,282% |
| Profit (loss) for the period9904 | €76k | €-5k | €-3k | €-62k | ▼ 2,282% |
| Profit (loss) for the period to be appropriated9905 | €76k | €-5k | €-3k | €-62k | ▼ 2,282% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €125k | €104k | €97k | €36k | ▼ 63.1% |
| Fixed assets21/28 | €4k | €4k | €4k | €9k | ▲ 127% |
| Tangible fixed assets22/27 | - | - | - | €9k | - |
| Furniture and vehicles24 | - | - | - | €9k | - |
| Financial fixed assets28 | €4k | €4k | €4k | - | - |
| Current assets29/58 | €121k | €100k | €93k | €27k | ▼ 71.2% |
| Amounts receivable within one year40/41 | €34k | €64k | €48k | €18k | ▼ 63.2% |
| Other amounts receivable41 | - | - | - | €18k | - |
| Cash at bank and in hand54/58 | €86k | €36k | €45k | €9k | ▼ 79.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €125k | €104k | €97k | €36k | ▼ 63.1% |
| Equity10/15 | €104k | €100k | €97k | €36k | ▼ 63.3% |
| Contributions10/11 | €19k | €19k | - | €19k | - |
| Outside capital11 | - | - | - | €19k | - |
| Share premium1100/10 | - | - | - | €19k | - |
| Reserves13 | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | - | - | €2k | - |
| Reserves not available under the articles1311 | - | - | - | €2k | - |
| Profit (loss) carried forward14 | €84k | €79k | €77k | €15k | ▼ 80.2% |
| Amounts payable17/49 | €20k | €4k | €170 | €265 | ▲ 55.6% |
| Amounts payable within one year42/48 | €20k | €4k | €170 | €265 | ▲ 55.6% |
| Trade debts44 | €55 | €180 | - | €94 | - |
| Suppliers440/4 | - | - | - | €94 | - |
| Taxes, remuneration and social security45 | - | - | - | €170 | - |
| Taxes450/3 | - | - | - | €170 | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €76k | €-5k | €-3k | €-62k | ▼ 2,282% |
| + Depreciation and write-downs630 | €23k | - | - | €835 | - |
| Operating cash flow (approximation) | €99k | €-5k | €-3k | €-61k | ▼ 2,250% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-6k | - |
| Change in cash | - | €-50k | €9k | €-36k | ▼ 494% |
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
2025
29-04
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 18-04-2025
21-02
KBO administration
Address struck
Louizalaan 367 1050 Die Sitzadresse Avenue Louise / Louizalaan
Ixelles · event 05-11-2024
2022
21-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
31-03
Financial
Weakest financial yearnet €-62k
Net result drops to €-62k, the lowest in the series.
2021
17-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
31-03
Financial
Liquidity times 22current ratio 549.16
Current ratio from 24.68 to 549.16; short-term debt falls from €4k to €170.
2020
25-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 25 days late
31-03
Financial
Liquidity quadruplescurrent ratio 24.68
Current ratio from 6.00 to 24.68; short-term debt falls from €20k to €4k.
2019
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Show earlier events
2015
30-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
17-02
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 109 days late
2013
30-10
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.
0 of 6 acts read
About the unread acts
We know of 6 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
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
Registered office, Elsene · 1 establishment unit since 2010
Ground area
602 m²
Building footprint
605 m²
Volume, LiDAR
7,921 m³
2 parcels, Brussels · tallest building 34.0 m, ±5 floors. Linked by address, not a title deed.
493
companies at this address
See who is registered here
1 establishment unit
-
since 20102.189.458.660
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21809K0170/02B005 | Brussels | 336 m² | 1 · 340 m² | 21.1 m · 5 fl. |
| 21807G0211/00W012 | Brussels | 266 m² | 1 · 265 m² | 34.0 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 | VIRGINIE SALTEUR AENUE DU CENTENAIRE 120,
1400 NIVELLES |
18-04-2025 → present |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded26-03-2010
Fiscal year end31-03
Scores and ratios are computed by Checked and are not a credit decision.