Debts
€64,769 74% of the balance sheet
Financial debts 22%Suppliers 17%Taxes and wages 46%Other 15%
Of this, €50,265 falls due within a year.
PP Construction
Overview
Information for creditors
Enterprise Court of Ghent, Ghent division · Official Gazette of 30-09-2025Appeal or third-party opposition 15-10-2025Filing the claim in RegSol 23-10-2025First verification report 28-10-2025Late claim 23-09-2026
Trustee: Alexia De Clercq. The judgment is more than a year old. A claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.
Lifetime
1 annual account with figurespeak €254,009 (2021)
€254,009
peak €49,164 (2021)
€49,164
peak €23,164 (2021)
€23,164
€64,769
Board5 names since 2020
1 directorPAROLIN Massimo
Documentsfilings and deeds
29-12-2022151 days late
2021micro format
Deed on the registered office and the board 22-09Dividend €36,000First year with figures
Key points
from the 2021 annual accounts, the last ones filedNo score
Board and ownership
- PAROLIN Massimo 50 sharesdeed of 11-08-2020
- PALAZZO Leonardo 40 sharesdeed of 11-08-2020
- DE NAEYER Christophe Lucienne Marcel 10 sharesdeed of 11-08-2020
Recent changes
Bankruptcy published
Enterprise Court of Ghent, Ghent division · judgment of 23-09-2025 · Bankruptcy
Address struck
Hutsepotstraat 180 Hutsepotstraat 180, 9052
Gent · effective 07-01-2025 · KBO administration
Resignation: LIECIANI Stefano (director)
General meeting of 06-03-2024 · Gazette deed
2 directors appointed, 1 resignation
Resignation: DE NAEYER Christophe · Appointments: LIECIANI Stefano and DORIGO Andry · General meeting of 01-07-2022 · Gazette deed
Official details
Source: KBO- Status
- In bankruptcydeclared bankrupt on 23-09-2025
- Legal form
- Private limited company
- Activity
- “Plaatsen van vloer- en wandtegels” (deed in Dutch)From the articles, 7 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.309.635.821since 07-08-2020
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2021
- €254,009
- ≈ €510,000estimated
- €49,164
- €23,164
- €87,932
- Employeeson 31-12-2021
- 6
- Filing
- Filed on 29-12-2022
Insights on PP Construction
On 23 September 2025 the court declared PP Construction bankrupt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2021
micro format, filed on 29-12-2022, 151 days late€254,009
€70,641
€49,164
€15,298
26.3%
1.30
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €510,000. Estimated: probably between €350,000 and €740,000.
Balance sheet
balance sheet total €87,932 on 31-12-2021What the company ownsHow it is paid for
Staff
€23,571
Staff costs divided by the average number of full-time equivalents.
+6 people
people who joined
people who left
In 2021, 6 people joined and nobody left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2021 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
87,932 | |
21/28 |
22,369 | |
22/27 |
20,044 | |
23 |
17,932 | |
24 |
2,111 | |
28 |
2,325 | |
29/58 |
65,563 | |
40/41 |
18,915 | |
40 |
13,758 | |
41 |
5,157 | |
54/58 |
46,499 | |
490/1 |
150 | |
| Balance sheet: equity and liabilities | ||
10/49 |
87,932 | |
10/15 |
23,164 | |
10/11 |
10,000 | |
13 |
1,000 | |
133 |
1,000 | |
14 |
12,164 | |
17/49 |
64,769 | |
17 |
14,503 | |
170/4 |
14,503 | |
42/48 |
50,265 | |
42 |
7,927 | |
44 |
10,938 | |
440/4 |
10,938 | |
45 |
29,583 | |
450/3 |
28,681 | |
454/9 |
902 | |
47/48 |
1,816 | |
| Income statement | ||
9900 |
254,009 | |
62 |
141,427 | |
630 |
4,831 | |
631/4 |
35,595 | |
640/8 |
1,514 | |
9901 |
70,641 | |
75/76B |
20 | |
75 |
20 | |
65/66B |
4,100 | |
65 |
4,100 | |
9903 |
66,561 | |
67/77 |
17,397 | |
9904 |
49,164 | |
9905 |
49,164 | |
| Appropriation of the result | ||
9906 |
49,164 | |
691/2 |
1,000 | |
6920 |
1,000 | |
694/7 |
36,000 | |
694 |
36,000 | |
| Social balance sheet | ||
9087 |
6 | |
Hours worked1013 |
4,744 | |
| Document | ||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2021 (PDF), filed on 29-12-2022.
Filings
each dot is a set of accounts, on the day it reached the National Bank2021 annual accounts filed 151 days after the deadline. Filed on 29 December 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20550065.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | micro format | 29-12-2022 | 2022-20550065 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2021 |
|---|---|---|
| 75,472 | ||
| 53,995 | ||
| 27,200 | ||
| 15,298 | ||
| 26.3% | ||
| 1.30 | ||
| 2.80 | ||
| 212.2% | ||
| 55.9% | ||
| 18.41 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2021 |
|---|---|
| Employees at the balance-sheet date | 6 |
| full-time | 6 |
| in full-time equivalents | 6 |
| 6 | |
| On a permanent contract | 6 |
| Joined | 6 |
| Left | 0 |
Source: social balance sheet in the 2021 annual accounts
Investments
fixed assets acquired| Item | 2021 |
|---|---|
| Tangible fixed assets | €24,875 |
| Financial fixed assets | €2,325 |
| €4,831 |
Source: notes to the 2021 annual accounts (statement of fixed assets)
Insights on PP Construction
Debt's share of the balance-sheet total is 73.7%.
Board & ownership
Curator
the curator has managed the company since 23-09-2025Last board
2 directors, no change since 2024Director (not named in the articles)
since 06-08-2020
term without a fixed end
listed in the 2021 annual accounts, filed on 29-12-2022
1 other company bankruptMandates through the years
5 names, the dashed line is todayPAROLIN Massimo
Director (not named in the articles)
Director (not named in the articles)
DORIGO Andry
Director
Director
LIECIANI Stefano
Director
Director
DE NAEYER Christophe
Director
Director
PALAZZO Leonardo
Director (not named in the articles)
Director (not named in the articles)
BoardEarliermandate already running before its first mentionend not datedBankruptcy 23-09-2025
Mandates as a list
- PAROLIN Massimo
- Director (not named in the articles), from 06-08-2020, until the bankruptcy of 23-09-2025
- DORIGO Andry
- Director, appointed by deed of 20-10-2022, until the bankruptcy of 23-09-2025
- LIECIANI Stefano
- Director, appointed by deed of 20-10-2022, until 06-03-2024
- DE NAEYER Christophe
- Director, until 01-07-2022
- PALAZZO Leonardo
- Director (not named in the articles), appointed by deed of 11-08-2020, no longer listed in the 2021 annual accounts
Control
Founders
This company
PP Construction
Equity €23,164
Profit €49,164 in 2021
Capital
- Contribution
- €10,000
- Shares
- 100
- Contribution per share
- €100
- Equity per share
- €232 in 2021
- Source
- deed of 11-08-2020
Articles of association
deed of 11-08-2020 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Friday of June at 18:00
Shareholders
At incorporation
deed of 11-08-2020 ↗
- PAROLIN Massimo 50 shares (50%) · €5,000
- PALAZZO Leonardo 40 shares (40%) · €4,000
- DE NAEYER Christophe Lucienne Marcel 10 shares (10%) · €1,000
The directors' other companies
1 last director with another company that went bankrupt, was dissolved or struck off1 other company of this director went bankrupt (2023).
- Archipal bankruptcy on 10-01-2023Official Gazettemandate 2021 to 2022
Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it.
Network & group
No group
PP Construction has no parent and no holdings in its annual accounts.
At the same address
1 other company| IB BETON
registered office since 31-01-2024 |
founded in 2024 1005.448.451 |
Earlier ties
| Archipal via PAROLIN Massimo (no longer at Archipal) and PALAZZO Leonardo (at PP Construction, last mentioned in 2020) · Director · deeds of 04-04-2022 and 01-08-2019 Open bankruptcy |
founded in 2019 |
| L'APERITIVO via PALAZZO Leonardo, at PP Construction, last mentioned in 2020 · Director (not named in the articles) · deed of 04-06-2021 founded in 2021 · negative equity (2025) |
total assets €1,187 (2025) |
| PALAZZO via PALAZZO Leonardo, at PP Construction, last mentioned in 2020 · Director (not named in the articles) · deed of 27-06-2024 founded in 2018 |
total assets €249,610 (2025) |
| IB BETON via LIECIANI Stefano, at PP Construction until 2024 · Director (not named in the articles) · deed of 02-02-2024 |
founded in 2024 |
Connections & network
This company
Company
Director
Shareholding
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Timeline
Timeline
8 events since 2020Board
Filings
Establishments
Insolvency
Address
2020202220242026
2025
Bankruptcy published Enterprise Court of Ghent, Ghent division · judgment of 23-09-2025
Address struck Hutsepotstraat 180 Hutsepotstraat 180, 9052
Gent · effective 07-01-2025
2024
- General meeting, 06-03-2024
- Director resignation, LIECIANI Stefano
2022
Annual accounts 2021 filed PDFmicro format · 151 days late
2 directors appointed, 1 resignationResignation: DE NAEYER Christophe · Appointments: LIECIANI Stefano and DORIGO Andry · General meeting of 01-07-20224 points ▸
- General meeting, 01-07-2022
- Director resignation, DE NAEYER Christophe
- Director appointment, LIECIANI Stefano
- Director appointment, DORIGO Andry
2021
Deed on the registered office and the board PDF
2020
IncorporationFounding capital of €10,000, 100 shares · Founders: PAROLIN Massimo, PALAZZO Leonardo and DE NAEYER Christophe Lucienne Marcel · Appointments: PAROLIN Massimo (director) and PALAZZO Leonardo (director) · published on 11-08-20208 points ▸
- Registered office clause, Hoorndriesstraat 130, 9820 Merelbeke
- Director appointment, PAROLIN Massimo (director (not named in the articles))
- Director appointment, PALAZZO Leonardo (director (not named in the articles))
- Founder, PAROLIN Massimo
- Founder, PALAZZO Leonardo
- Founder, DE NAEYER Christophe Lucienne Marcel
- Founding capital, €10,000, 100 shares
- 100 shares
- The deed holds 4 more points.
First establishment
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0751.884.018
- VAT number
- BE 0751.884.018
- Legal form
- Private limited company
- Status
- In bankruptcy, since 23-09-2025
- Founded
- 07-08-2020
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Friday of June at 18:00deed of 11-08-2020 (in Dutch)
- Peppol
- Not found in the Peppol Directory
- Name
- PP Construction in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 11-08-2020 (in Dutch)
- Name clauseThe company operates under this name according to its articles.
- PP Constructiondeed of 11-08-2020 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 11-08-2020 (in Dutch)
Activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Plaatsen van vloer- en wandtegels; Optrekken van de ruwbouw van gebouwen; Uitvoeren van metsel- en voegwerken; Gevelreiniging…”deed of 11-08-2020 (in Dutch)
7 activities
- Plaatsen van vloer- en wandtegels
- Optrekken van de ruwbouw van gebouwen
- Uitvoeren van metsel- en voegwerken
- Gevelreiniging
- Isolatiewerkzaamheden
- Slopen
- Ruimen van bouwterreinen
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| PP Construction 4100105 General construction of residential buildings | 07-08-2020 | 2.309.635.821 |
Buildings and parcels at the address
- Ground area
- 192 m²
- Buildings
- 73 m²
- Volume, LiDAR
- 466 m³
- Tallest building
- 10.1 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44082B0125/00N000 | 192 m² | 1 · 73 m² | 10.1 m · 2 |