PNF
Open bankruptcyA bankruptcy procedure is open for PNF according to publications in the Belgian State Gazette; curator: GABRIEL PERSOONS.
Summary
The 2022 annual accounts show equity of €57k and a net result of €-17k.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- French-language Enterprise Court of Brussels
- Declared bankrupt
- 8 December 2025
- Supervising judge
- Eric Van Rijckevorsel
- Official Gazette
- 16-12-2025 (pdf) ↗search the document for 2025/152344
Curator
- Gabriel PersoonsAvenue Louise 54, 1050 Ixellesgabriel.persoons@victor.law
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
Signals
Two signals.
+raises risk
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox or domiciliation address?Address check Are there other customers at risk in your own list?Debtor check
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-17k▲ 79.5%
2021 · €-80k
Working capital
€-59k
2021 · €71k
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
Line202020212022
Operating result€66k-€-76k€-11k▲ 86.1%
Net result€41k-€-80k€-17k▲ 79.5%
Equity€137k-€74k▼ 46.3%€57k▼ 22.4%
Total assets€574k-€549k▼ 4.4%€510k▼ 7.1%
Debt€318k-€375k▲ 17.9%€356k▼ 5.0%
Working capital€146k-€71k▼ 51.5%€-59k
Staff (FTE)0
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11k in 2022 against €76k in 2021; the loss shrinks.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €510k
Fixed assets
€217k ▼ 3.2%
Current assets
€293k ▼ 9.7%
Equity and liabilities €510k
Equity
€57k ▼ 22.4%
Provisions
€96k ▼ 3.3%
Debt
€356k ▼ 5.0%
Debt's share of the balance-sheet total rises from 68.4% to 69.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-3k▲
2021 · €-69k
Cash flow
€-9k▲
2021 · €-73k
Current ratio
0.83▼
2021 · 1.28
Debt to equity
6.24▲
2021 · 5.10
ROE
-28.9%▲
2021 · -109.3%
ROA
-3.2%▲
2021 · -14.7%
Interest coverage
-0.36▲
2021 · -8.56
Debt ≤ 1 year
€352k▲
2021 · €253k
Debt > 1 year
€0▼
2021 · €119k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | €24k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €7k | €7k | = |
| Other operating charges640/8 | - | €12k | €0 | ▼ 100% |
| Non-recurring operating charges66A | - | €9k | €0 | ▼ 100% |
| Gross operating margin9900 | €73k | €-47k | €-3k | ▲ 92.9% |
| Operating profit (loss)9901 | €66k | €-76k | €-11k | ▲ 86.1% |
| Financial income75/76B | - | €0 | - | - |
| Recurring financial income75 | - | €0 | - | - |
| Financial charges65/66B | - | €8k | €9k | ▲ 15.6% |
| Recurring financial charges65 | €10k | €8k | €9k | ▲ 15.6% |
| Profit (loss) for the period before taxes9903 | €56k | €-84k | €-20k | ▲ 76.3% |
| Transfer from deferred taxes780 | - | €3k | €3k | ▼ 3.3% |
| Transfer to deferred taxes680 | - | €0 | - | - |
| Profit (loss) for the period9904 | €41k | €-80k | €-17k | ▲ 79.5% |
| Transfer from tax-exempt reserves789 | - | €10k | €10k | ▼ 3.3% |
| Transfer to tax-exempt reserves689 | - | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €-6k | €-70k | €-7k | ▲ 90.7% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €574k | €549k | €510k | ▼ 7.1% |
| Fixed assets21/28 | €232k | €224k | €217k | ▼ 3.2% |
| Tangible fixed assets22/27 | €232k | €224k | €217k | ▼ 3.2% |
| Land and buildings22 | - | €224k | €217k | ▼ 3.2% |
| Current assets29/58 | €342k | €324k | €293k | ▼ 9.7% |
| Amounts receivable within one year40/41 | €78k | €319k | €288k | ▼ 9.9% |
| Trade receivables40 | - | €32k | - | - |
| Other amounts receivable41 | - | €288k | €288k | = |
| Cash at bank and in hand54/58 | €19k | €0 | - | - |
| Deferred charges and accrued income490/1 | - | €5k | €5k | = |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €574k | €549k | €510k | ▼ 7.1% |
| Equity10/15 | €137k | €74k | €57k | ▼ 22.4% |
| Contributions10/11 | €62k | €62k | €62k | = |
| Reserves13 | €414k | €419k | €409k | ▼ 2.4% |
| Tax-exempt reserves132 | - | €299k | €289k | ▼ 3.3% |
| Distributable reserves133 | - | €120k | €120k | = |
| Profit (loss) carried forward14 | €-339k | €-408k | €-414k | ▼ 1.6% |
| Provisions and deferred taxes16 | €119k | €100k | €96k | ▼ 3.3% |
| Deferred taxes168 | - | €100k | €96k | ▼ 3.3% |
| Amounts payable17/49 | €318k | €375k | €356k | ▼ 5.0% |
| Amounts payable after more than one year17 | €122k | €119k | €0 | ▼ 100% |
| Financial debts170/4 | - | €119k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €196k | €253k | €352k | ▲ 38.9% |
| Current portion of amounts payable after more than one year42 | - | €18k | €119k | ▲ 564% |
| Financial debts43 | - | €16k | €43k | ▲ 172% |
| Credit institutions430/8 | - | €16k | €43k | ▲ 172% |
| Trade debts44 | - | €32k | €2k | ▼ 94.2% |
| Suppliers440/4 | - | €32k | €2k | ▼ 94.2% |
| Other amounts payable47/48 | - | €187k | €187k | = |
| Accrued charges and deferred income492/3 | - | €3k | €5k | ▲ 80.0% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €41k | €-80k | €-17k | ▲ 79.5% |
| + Depreciation and write-downs630 | €7k | €7k | €7k | = |
| Operating cash flow (approximation) | €48k | €-73k | €-9k | ▲ 87.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | ▲ 100% |
| Change in cash | - | €-19k | - | - |
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
16-12
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 08-12-2025
2024
02-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 367 days late
02-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 732 days late
2021
30-06
Financial
Weakest financial yearnet €-80k
Net result drops to €-80k, the lowest in the series.
10-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 38 days late
2019
14-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 42 days late
2017
05-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
05-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 308 days late
2016
22-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 296 days late
2015
23-03
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 51 days late
2014
13-03
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 41 days late
2013
20-12
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 323 days late
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 2011
Ground area
207 m²
Building footprint
259 m²
Volume, LiDAR
4,197 m³
2 parcels, Brussels · tallest building 23.6 m, ±8 floors. Linked by address, not a title deed.
15
companies at this address
See who is registered here
1 establishment unit
Establishment
since 20112.204.274.817
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A1035/00K003 | Brussels | 108 m² | 1 · 159 m² | 15.7 m · 4 fl. |
| 21803C0244/00A002 | Brussels | 100 m² | 1 · 99 m² | 23.6 m · 8 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 | GABRIEL PERSOONS AVENUE LOUISE 54,
1050 IXELLES |
08-12-2025 → present |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded27-01-2011
Fiscal year end30-06
Scores and ratios are computed by Checked and are not a credit decision.