PP BENELUX
ActivePP BENELUX has been active since 1974 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €317k and a net result of €-62k. Equity is shrinking by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 25% of 4828 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability13▼-22
Solvency48▼-6
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity tight (current ratio 1.04 against 1.14 in 2024; short-term debt: 76.8% and cash: 25% of total assets), and 76.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-62k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
22 d early
2023
13 d early
2022
28 d late
2021
23 d late
2020
11 d early
2019
29 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-62k▼ 2,656%
2024 · €-2k
2018: €-179k
2019: €-221k
2020: €46k
2021: €44k
2022: €-160k
2023: €33k
2024: €-2k
2018 → 2025
Working capital
€46k▼ 63.6%
2024 · €125k
2018: €654k
2019: €397k
2020: €384k
2021: €352k
2022: €114k
2023: €154k
2024: €125k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€509k-€348k▼ 31.5%€381k▲ 9.5%€379k▼ 0.6%€317k▼ 16.3%
Operating result€76k-€-75k€39k€26k▼ 33.9%€-53k
Net result€44k-€-160k€33k€-2k€-62k▼ 2,656%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €53k after €26k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.37M
Fixed assets
€272k▼ 8.0%
Current assets
€1.10M▲ 9.5%
Equity and liabilities €1.37M
Equity
€317k▼ 16.3%
Debt
€1.05M▲ 14.5%
The debt ratio rises from 70.8% to 76.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-23k▼
2024 · €60k
Cash flow
€-32k▼
2024 · €31k
Solvency
23.2%▼
2024 · 29.2%
Current ratio
1.04▼
2024 · 1.14
Quick ratio
0.73▼
2024 · 1.01
Debt / equity
3.31▲
2024 · 2.42
ROE
-19.5%▼
2024 · -0.6%
ROA
-4.5%▼
2024 · -0.2%
Interest coverage
-2.52▼
2024 · 1.96
Debt
€1.05M▲
2024 · €918k
Debt ≤ 1 year
€1.05M▲
2024 · €877k
Debt > 1 year
€0▼
2024 · €37k
Income taxes
€176▲
2024 · €71
Staff costs
€322k▲
2024 · €145k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.30M€1.37M▲
Fixed assets21/28€295k€272k▼
Intangible fixed assets21€50k€25k▼
Tangible fixed assets22/27€5k€7k▲
Plant, machinery and equipment23€5k€1k▼
Furniture and vehicles24€276€5k▲
Financial fixed assets28€240k€240k=
Current assets29/58€1.00M€1.10M▲
Stocks and contracts in progress3€114k€331k▲
Stocks30/36€114k€331k▲
Amounts receivable within one year40/41€688k€422k▼
Trade receivables40€184k€18k▼
Other amounts receivable41€504k€404k▼
Cash at bank and in hand54/58€195k€342k▲
Deferred charges and accrued income490/1€5k€3k▼
Equity and liabilities
Total equity and liabilities10/49€1.30M€1.37M▲
Equity10/15€379k€317k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€311k€249k▼
Amounts payable17/49€918k€1.05M▲
Amounts payable after more than one year17€37k€0▼
Financial debts170/4€37k€0▼
Amounts payable within one year42/48€877k€1.05M▲
Current portion of amounts payable after more than one year42€47k€37k▼
Financial debts43€8k€0▼
Credit institutions430/8€8k€0▼
Trade debts44€515k€54k▼
Suppliers440/4€515k€54k▼
Advances received on contracts in progress46€836€0▼
Taxes, remuneration and social security45€17k€37k▲
Taxes450/3€360€248▼
Remuneration and social security454/9€16k€37k▲
Other amounts payable47/48€289k€924k▲
Accrued charges and deferred income492/3€4k€0▼
Income statement
Code20242025
Non-recurring operating income76A€3k€0▼
Remuneration, social security and pensions62€145k€322k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€30k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€68k€410▼
Other operating charges640/8€0€998▲
Non-recurring operating charges66A€2k€0▼
Gross operating margin9900€274k€301k▲
Operating profit (loss)9901€26k€-53k▼
Financial income75/76B€2k€551▼
Recurring financial income75€2k€551▼
Financial charges65/66B€30k€9k▼
Recurring financial charges65€30k€9k▼
Profit (loss) for the period before taxes9903€-2k€-62k▼
Income taxes67/77€71€176▲
Profit (loss) for the period9904€-2k€-62k▼
Profit (loss) for the period to be appropriated9905€-2k€-62k▼
Appropriation of the result
Profit (loss) to be appropriated9906€311k€249k▼
Profit (loss) brought forward from the previous period14P€313k€311k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €33k
Net result €33k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 23 days late
2021
31-12
Financial
Equity above €500kEq €509k ▲9.4%
2 profitable years in a row build equity to €509k.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €46k
Net result €46k after 2 loss-making years.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €-221k
Net result drops to €-221k, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
09-09-2024
Confini: Resigned as Director
09-09-2024
PP NEDERLAND: Resigned as Director
21-03-2024
Confini: Resigned as Director
21-03-2024
PP NEDERLAND: Resigned as Director
27-07-2020
Peggy Passage: Resigned as Director
13-08-2007
Peggy Passage: Resigned as Director
13-08-2007
BORMANS Mathilde: Resigned as Director
Location & real-estate footprint
Registered office, Pelt · 1 establishment unit since 1998
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.
Exschoor(SHL) 143910 PeltGround area
2,628 m²
Building footprint
417 m²
Volume, LiDAR
2,087 m³
Parcel 72033B0943/00F009, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PP BENELUX
since 19982.010.319.456
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72033B0943/00F009 | Flanders | 2,628 m² | 1 · 416 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 529 EUR awarded · 530 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 361 EUR | 361 EUR |
| 2023 | 1 | 0 EUR | 122 EUR |
| 2022 | 1 | 168 EUR | 47 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
549300EOG2NXJ4L2H574
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Of 798 companies in sector 46450 we hold annual accounts for 452. 317 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded05-09-1974
Fiscal year end31-12
Activities, NACEBEL
46450Wholesale of perfume and cosmetics
46649Wholesale of other machinery and equipment
51873
46500Wholesale of information and communication equipment
46660Wholesale trade
46900Non-specialised wholesale trade
51850
51900
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.