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Complete company report
Generated 26-07-2026
Active BE 0751.884.018Private limited companyOpen bankruptcy

PP Construction

· 5 yrs active
Conclusion Checked

A bankruptcy procedure is open for PP Construction according to publications in the Belgian State Gazette. The file additionally contains 1 administrative flag. The 2021 annual accounts show equity of €23k and a net result of €49k.

Based on the State Gazette, CBE and 1 annual account.
Key figures
Equity €23k
Net result €49k
Staff (FTE) 6
Active 5 yrs
Snowflake analysis 5 axes · computed by Checked
Health18Profitability100Solvency47Growth50Stability0
43 / 100

Fragile profile, watch stability in particular.

Health 18
Profitability 100
Solvency 47
Growth 50
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
53 / 100
High risk
Components
· Open bankruptcy (+50)
· 1 administrative flag (+3)
Trust signals 1 signals
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags 1 events
Address struck
Health barometer FY 2021 · computed
18 / 100 Critical
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview1 NBB filings
Annual accounts filed on 29-12-2022 with the NBB · fiscal year 2021 · micro
Fiscal year2021
Revenue-
EBITDA€75k
Net profit€49k
Cash flow€54k
Staff costs€141k
Income taxes€17k
Dividends€36k
Total assets€88k
Equity€23k
Debt€65k
of which ≤ 1y€50k
of which > 1y€15k
Working capital€15k
Employees (FTE)6.0
Ratios (computed)
2021
Current ratio1.30
Quick ratio1.30
Working capital ratio17.4%
Solvency26.3%
Debt / equity2.80
Long-term debt ratio0.63
Interest coverage18.41
Gross margin-
Net margin-
ROA55.9%
ROE212.2%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2021
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2021
Balance sheet, Assets
TOTAL ASSETS 20/58€88k
Fixed assets 21/28€22k
Tangible fixed assets 22/27€20k
Financial fixed assets 28€2k
Current assets 29/58€66k
Amounts receivable within one year 40/41€19k
Cash & bank 54/58€46k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€88k
Equity 10/15€23k
Contributions / capital 10/11€10k
Reserves 13€1k
Accumulated profits (losses) 14€12k
Amounts payable 17/49€65k
Amounts payable after one year 17€15k
Amounts payable within one year 42/48€50k
Trade debts payable within one year 44€11k
Income statement
Gross operating margin 9900€254k
Operating result 9901€71k
Financial income 75€20
Financial charges 65€4k
Result before taxes 9903€67k
Income taxes 67/77€17k
Net result for the period 9904€49k
Result to be appropriated 9905€49k
Ratios computed by Checked.
Directors & mandates1 person
Role Name Tenure Source
Curator ALEXIA DE CLERCQ
EDGARD GEVAERTDREEF 10, 9830 SINT-MARTENS-LATEM
 23-09-2025 → present Belgian State Gazette
Legal Structure
NACE primary -
Legal form Private limited company(610)
Incorporation07-08-2020
StatusActive
Postal code-
First BS signal 30-09-2025
Latest BS signal 30-09-2025
Company structure, linked entities1 linked entities
PP ConstructionBE 0751.884.018ALEXIA DE CLERCQReceiver
Mandates
Establishment units 1 location
PP Construction
Optrekken van de ruwbouw van gebouwen
since 20202.309.635.821
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44082B0125/00N000 Flanders 192 m² 1 · 73 m² 10.1 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 6 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
30-09-2025
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Gent · PP CONSTRUCTION BV HUTSEPOTSTRAAT 180, 9052 ZWIJNAARDE · event 23-09-2025
07-03-2025
KBO administration Address struck
Hutsepotstraat 180 Die Sitzadresse Hutsepotstraat 180 9052 Gent · event 07-01-2025
2024
26-09-2024
State Gazette act Director changes
2022
29-12-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
20-10-2022
State Gazette act Director changes
Lifecycle & Insolvency Signals 2 events
30-09-2025
Bankruptcy Opening
Date: 23-09-2025 · Ondernemingsrechtbank Gent, afdeling Gent · PP CONSTRUCTION BV HUTSEPOTSTRAAT 180, 9052 ZWIJNAARDE · Publications in State Gazette ↗
07-03-2025
KBO administration Address struck
Date: 07-01-2025 · Hutsepotstraat 180 Die Sitzadresse Hutsepotstraat 180 9052 Gent · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262025-03-07 · KBO administration · Address struck2025-09-30 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 2 acts
All acts · 2 updated 1 year ago
2024
26-09-2024 Mandate of LIECIANI Stefano as director expired Director changes
  • LIECIANI Stefano, Bestuurder
Technical details 
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  "events": [
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      "kind": "director_out",
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        "address": "9052 Gent, Hutsepotstraat 180",
        "birth_date": "1990-04-25",
        "profession": null,
        "birth_place": null
      },
      "reason": "end_of_term",
      "subkind": "regular",
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      "statutory": null,
      "compensated": false,
      "effective_date": "2024-03-06",
      "evidence_quote": "",
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  "act_meta": {
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    "filing_date": "2024-09-17",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
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    }
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  "co_filed_documents": [],
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2022
20-10-2022 2 directors appointed, 1 resigning Director changes
  • LIECIANI Stefano, Bestuurder
  • DORIGO Andry, Bestuurder
  • DE NAEYER Christophe, Bestuurder
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "DE NAEYER Christophe",
        "address": "Hekers 27, 9052 Gent (Zwijnaarde)",
        "birth_date": "1969-09-18",
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
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      "compensated": false,
      "effective_date": "2022-07-01",
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "LIECIANI Stefano",
        "address": "Hutsepotstraat 180, 9052 Gent",
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        "birth_place": null
      },
      "reason": null,
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      "compensated": false,
      "effective_date": "2022-08-01",
      "evidence_quote": "",
      "decharge_status": null,
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      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "DORIGO Andry",
        "address": "Oude Gaversesteenweg 1, 9820 Merelbeke",
        "birth_date": "2000-07-09",
        "profession": null,
        "birth_place": null
      },
      "reason": null,
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      "evidence_quote": "",
      "decharge_status": null,
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      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
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  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Zwijnaarde",
    "is_associated": false
  },
  "act_meta": {
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    "pub_date": "2022-10-20",
    "filing_date": "2022-10-11",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
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      "date": "2022-07-01",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0751.884.018",
    "name_full": "PP CONSTRUCTION",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "PAROLIN Massimo",
    "org_rep_person_name": null,
    "person_role_at_subject": "Bestuurder"
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameNL PP Construction
Registration history
  1. 07-01-2025 Address struck
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative