PP Construction
Open bankruptcyA bankruptcy procedure is open for PP Construction according to publications in the Belgian State Gazette; curator: ALEXIA DE CLERCQ.
Summary
The file additionally contains 1 administrative flag. The 2021 annual accounts show equity of €23,164 and a net result of €49,164.
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
- Enterprise Court of Ghent, Ghent division
- Declared bankrupt
- 23 September 2025
- Supervising judge
- Stefaan Vandenberghe
- Official Gazette
- 30-09-2025 (pdf) ↗search the document for 2025/139019
Curator
- Alexia De ClercqEdgard Gevaertdreef 10, 9830 Sint-Martens-Latemadc@watersteen.be
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
Three signals. The signal on the left, the evidence on the right.
+raises risk
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
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 address or a business centre?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 2021, micro schema
Equity
€23,164
Total assets
€87,932
Net result
€49,164
Working capital
€15,298
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €87,932
Fixed assets
€22,369
Current assets
€65,563
Equity and liabilities €87,932
Equity
€23,164
Debt
€64,769
Debt finances 73.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€75,472
Cash flow
€53,995
Current ratio
1.30
Debt to equity
2.80
ROE
212.2%
ROA
55.9%
Interest coverage
18.41
Debt ≤ 1 year
€50,265
Debt > 1 year
€14,503
Income taxes
€17,397
Staff costs
€141,427
Annual accounts
| Line | 2021 |
|---|---|
| Remuneration, social security and pensions62 | €141,427 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,831 |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €35,595 |
| Other operating charges640/8 | €1,514 |
| Gross operating margin9900 | €254,009 |
| Operating profit (loss)9901 | €70,641 |
| Financial income75/76B | €20 |
| Recurring financial income75 | €20 |
| Financial charges65/66B | €4,100 |
| Recurring financial charges65 | €4,100 |
| Profit (loss) for the period before taxes9903 | €66,561 |
| Income taxes67/77 | €17,397 |
| Profit (loss) for the period9904 | €49,164 |
| Profit (loss) for the period to be appropriated9905 | €49,164 |
| Line | 2021 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €87,932 | |
| Fixed assets21/28 | €22,369 | |
| Tangible fixed assets22/27 | €20,044 | |
| Plant, machinery and equipment23 | €17,932 | |
| Furniture and vehicles24 | €2,111 | |
| Financial fixed assets28 | €2,325 | |
| Current assets29/58 | €65,563 | |
| Amounts receivable within one year40/41 | €18,915 | |
| Trade receivables40 | €13,758 | |
| Other amounts receivable41 | €5,157 | |
| Cash at bank and in hand54/58 | €46,499 | |
| Deferred charges and accrued income490/1 | €150 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €87,932 | |
| Equity10/15 | €23,164 | |
| Contributions10/11 | €10,000 | |
| Reserves13 | €1,000 | |
| Distributable reserves133 | €1,000 | |
| Profit (loss) carried forward14 | €12,164 | |
| Amounts payable17/49 | €64,769 | |
| Amounts payable after more than one year17 | €14,503 | |
| Financial debts170/4 | €14,503 | |
| Amounts payable within one year42/48 | €50,265 | |
| Current portion of amounts payable after more than one year42 | €7,927 | |
| Trade debts44 | €10,938 | |
| Suppliers440/4 | €10,938 | |
| Taxes, remuneration and social security45 | €29,583 | |
| Taxes450/3 | €28,681 | |
| Remuneration and social security454/9 | €902 | |
| Other amounts payable47/48 | €1,816 | |
| Line | 2021 |
|---|---|
| Profit (loss) for the period9904 | €49,164 |
| + Depreciation and write-downs630 | €4,831 |
| Operating cash flow (approximation) | €53,995 |
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
30-09
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 23-09-2025
07-03
KBO administration
Address struck
Hutsepotstraat 180 Die Sitzadresse Hutsepotstraat 180 9052
Gent · event 07-01-2025
2022
29-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 151 days late
SignalNBB filing
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Gent · 1 establishment unit since 2020
Ground area
192 m²
Building footprint
73 m²
Volume, LiDAR
466 m³
Parcel 44082B0125/00N000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PP Construction
since 20202.309.635.821
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44082B0125/00N000 | Flanders | 192 m² | 1 · 73 m² | 10.1 m · 2 fl. |
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 | ALEXIA DE CLERCQ EDGARD GEVAERTDREEF 10,
9830 SINT-MARTENS-LATEM |
23-09-2025 → present |
Identification & contact
Identification
Legal formPrivate limited company
Founded07-08-2020
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.