Summary
PP HOLDING is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €3.0m and a net result of €220,803. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 73% of 2451 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-07-2025 was due by 28-02-2026 and was filed on 17-02-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
42 d early
2023
31 d early
2022
47 d early
2021
49 d early
2020
68 d early
2019
36 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 41 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-07-2026 and is due by 28-02-2027. Nothing is late today. Usually files around 17 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-07-2026 close30-09-2026 today28-02-2027 deadline
History
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Financials · fiscal year 2025, full schema
Equity
€3.0m▲ 8.0%
2024 · €2.7m
Net result
€220,803▲ 272%
2024 · €59,322
Total assets
€3.5m▼ 9.9%
2024 · €3.9m
Solvency
84.8%▲ 14.1pp
2024 · 70.8%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€1,662-€20,111€25,620-€4,301-€135▲ 96.9%
Net result€61,032within the sector's middle half▼ 12.0%€107,336within the sector's middle half▲ 75.9%€95,365within the sector's middle half▼ 11.2%€59,322within the sector's middle half▼ 37.8%€220,803within the sector's middle half▲ 272%
Equity€2.5mwithin the sector's middle half▲ 2.5%€2.6mwithin the sector's middle half▲ 4.3%€2.7mwithin the sector's middle half▲ 3.7%€2.7mwithin the sector's middle half▲ 2.2%€3.0mwithin the sector's middle half▲ 8.0%
Total assets€3.0mwithin the sector's middle half▲ 0.5%€3.2mwithin the sector's middle half▲ 4.2%€3.9mwithin the sector's middle half▲ 21.9%€3.9mwithin the sector's middle half▲ 0.8%€3.5mwithin the sector's middle half▼ 9.9%
Debt€548,100▼ 7.8%€567,407▲ 3.5%€1.2m▲ 105%€1.1m▼ 2.5%€530,431▼ 53.3%
Working capital€135,319within the sector's middle half▲ 25.0%-€23,597within the sector's middle half€732,161within the sector's middle half€748,801within the sector's middle half▲ 2.3%€237,693within the sector's middle half▼ 68.3%
Solvency81.9%within the sector's middle half▲ 1.6pp82.0%within the sector's middle half▲ 0.1pp69.8%within the sector's middle half▼ 12.3pp70.8%within the sector's middle half▲ 1.0pp84.8%within the sector's middle half▲ 14.1pp
Current ratio3.42above the sector's middle half▲ 0.650.80within the sector's middle half▼ 2.6211.81above the sector's middle half▲ 11.0110.15above the sector's middle half▼ 1.652.14within the sector's middle half▼ 8.01
Return on assets (ROA)2.0%within the sector's middle half▼ 0.3pp3.4%within the sector's middle half▲ 1.4pp2.5%within the sector's middle half▼ 0.9pp1.5%within the sector's middle half▼ 0.9pp6.3%within the sector's middle half▲ 4.8pp
Staff (FTE)0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €135 in 2025 against €4,301 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.5m
Fixed assets
€3.1m =
Current assets
€446,143 ▼ 46.3%
Equity and liabilities €3.5m
Equity
€3.0m ▲ 8.0%
Debt
€530,431 ▼ 53.3%
Debt's share of the balance-sheet total falls from 29.2% to 15.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
7.4%▲
2024 · 2.2%
Debt ≤ 1 year
€208,450▲
2024 · €81,828
Debt > 1 year
€319,993▼
2024 · €1.1m
Income taxes
€22,080▲
2024 · €5,932
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,731 | €14,881 | €14,881 | €0 | - | - |
| Other operating charges640/8 | - | €1,848 | €2,733 | €3,184 | €2,928 | ▼ 8.1% |
| Gross operating margin9900 | €20,114 | -€3,382 | €43,235 | -€1,117 | €2,793 | ▲ 350% |
| Operating profit (loss)9901 | €1,662 | -€20,111 | €25,620 | -€4,301 | -€135 | ▲ 96.9% |
| Financial income75/76B | - | €146,718 | €94,114 | €83,821 | €249,840 | ▲ 198% |
| Recurring financial income75 | €74,492 | €146,718 | €94,114 | €83,821 | €249,840 | ▲ 198% |
| Financial charges65/66B | - | €8,537 | €14,833 | €14,266 | €6,822 | ▼ 52.2% |
| Recurring financial charges65 | €9,019 | €8,537 | €14,833 | €14,266 | €6,822 | ▼ 52.2% |
| Profit (loss) for the period before taxes9903 | €67,135 | €118,070 | €104,902 | €65,255 | €242,884 | ▲ 272% |
| Income taxes67/77 | €6,103 | €10,734 | €9,537 | €5,932 | €22,080 | ▲ 272% |
| Profit (loss) for the period9904 | €61,032 | €107,336 | €95,365 | €59,322 | €220,803 | ▲ 272% |
| Profit (loss) for the period to be appropriated9905 | €61,032 | €107,336 | €95,365 | €59,322 | €220,803 | ▲ 272% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.0m | €3.2m | €3.9m | €3.9m | €3.5m | ▼ 9.9% |
| Fixed assets21/28 | €2.8m | €3.1m | €3.1m | €3.1m | €3.1m | = |
| Tangible fixed assets22/27 | €579,350 | €564,468 | €549,587 | €549,587 | €549,587 | = |
| Land and buildings22 | - | €564,468 | €549,587 | €549,587 | €549,587 | = |
| Financial fixed assets28 | €2.3m | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Current assets29/58 | €191,223 | €92,127 | €799,921 | €830,630 | €446,143 | ▼ 46.3% |
| Amounts receivable after more than one year29 | - | - | €688,000 | €688,000 | €0 | ▼ 100% |
| Other amounts receivable291 | - | - | €688,000 | €688,000 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €183,435 | €65,381 | €86,801 | €104,314 | €412,702 | ▲ 296% |
| Trade receivables40 | - | - | €50,000 | €10,115 | €34,225 | ▲ 238% |
| Other amounts receivable41 | - | €65,381 | €36,801 | €94,199 | €378,477 | ▲ 302% |
| Cash at bank and in hand54/58 | €7,470 | €25,810 | €9,493 | €8,979 | €30,280 | ▲ 237% |
| Deferred charges and accrued income490/1 | - | €936 | €15,628 | €29,336 | €3,160 | ▼ 89.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.0m | €3.2m | €3.9m | €3.9m | €3.5m | ▼ 9.9% |
| Equity10/15 | €2.5m | €2.6m | €2.7m | €2.7m | €3.0m | ▲ 8.0% |
| Contributions10/11 | - | €2.3m | €2.3m | €2.3m | €2.3m | = |
| Reserves13 | €223,960 | €331,296 | €426,661 | €485,984 | €706,787 | ▲ 45.4% |
| Non-distributable reserves130/1 | - | €10,390 | €10,390 | €0 | - | - |
| Reserves not available under the articles1311 | - | €10,390 | €10,390 | €0 | - | - |
| Distributable reserves133 | - | €320,906 | €416,271 | €485,984 | €706,787 | ▲ 45.4% |
| Amounts payable17/49 | €548,100 | €567,407 | €1.2m | €1.1m | €530,431 | ▼ 53.3% |
| Amounts payable after more than one year17 | €491,976 | €449,988 | €1.1m | €1.1m | €319,993 | ▼ 69.6% |
| Financial debts170/4 | - | €449,988 | €407,335 | €364,007 | €319,993 | ▼ 12.1% |
| Other amounts payable178/9 | - | - | €688,000 | €688,000 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €55,904 | €115,725 | €67,761 | €81,828 | €208,450 | ▲ 155% |
| Current portion of amounts payable after more than one year42 | - | €38,514 | €42,653 | €43,328 | €44,014 | ▲ 1.6% |
| Trade debts44 | €7,485 | €1,042 | €7,959 | €9,160 | €3,465 | ▼ 62.2% |
| Suppliers440/4 | - | €1,042 | €7,959 | €9,160 | €3,465 | ▼ 62.2% |
| Taxes, remuneration and social security45 | - | €12,234 | €10,269 | €6,810 | €22,120 | ▲ 225% |
| Taxes450/3 | - | €10,734 | €10,269 | €6,810 | €22,120 | ▲ 225% |
| Remuneration and social security454/9 | - | €1,500 | €0 | - | - | - |
| Other amounts payable47/48 | - | €63,935 | €6,880 | €22,530 | €138,850 | ▲ 516% |
| Accrued charges and deferred income492/3 | - | €1,694 | €1,859 | €1,885 | €1,988 | ▲ 5.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €61,032 | €107,336 | €95,365 | €59,322 | €220,803 | ▲ 272% |
| + Depreciation and write-downs630 | €14,731 | €14,881 | €14,881 | €0 | - | - |
| Operating cash flow (approximation) | €75,763 | €122,218 | €110,247 | €59,322 | €220,803 | ▲ 272% |
| Investment in fixed assets (approximation) | - | -€240,620 | €0 | €620 | €0 | ▼ 100% |
| Change in cash | - | €18,340 | -€16,317 | -€514 | €21,301 | ▲ 4,245% |
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
Next filing, fiscal year 2026, expected by
2026
17-02
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-07
Financial
Highest result since 2019net €220,803 ▲272%
Net result €220,803, the highest in the series.
17-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-07
Financial
Liquidity times 15current ratio 11.81
Current ratio from 0.80 to 11.81; short-term debt falls from €115,725 to €67,761.
12-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
10-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
22-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
24-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
15-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial 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, Tournai · 1 establishment unit since 2014
Ground area
934 m²
Building footprint
352 m²
Volume, LiDAR
2,081 m³
Parcel 57069C0256/00F000, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PP HOLDING
since 20142.237.814.645
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57069C0256/00F000 | Wallonia | 934 m² | 1 · 352 m² | 7.9 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.
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Of 24,721 companies in sector 64210 we hold annual accounts for 19,799. 9,752 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-11-2014
Fiscal year end31-07
Activities, NACEBEL 2025
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0567997455
Registered
16-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.