PP LINE
ActiveThe computed 12-month bankruptcy probability of PP LINE is 1.6% (moderate). The 2025 annual accounts show negative equity (€-88k) and a net result of €-91k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 4398 sector peers (fiscal year 2025). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
7
/ 100
Critical▼ -49 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency33▲+29
Growth32▼-26
Stability100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.44 against 0.65 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-37.9%
Return on assets
-39.3%
Age of the figures
8 mo
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 · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€88k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
30 d late
2022
31 d late
2021
116 d late
2020
66 d late
2019
122 d late
← 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
10-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-88k
2024 · €3k
2018: €22k
2019: €-64k
2020: €7k
2021: €-17k
2022: €-39k
2023: €-33k
2024: €3k
2018 → 2025
Total assets
€233k▼ 2.0%
2024 · €237k
2018: €311k
2019: €200k
2020: €224k
2021: €190k
2022: €189k
2023: €226k
2024: €237k
2018 → 2025
Net result
€-91k
2024 · €36k
2018: €-25k
2019: €-85k
2020: €70k
2021: €-23k
2022: €15k
2023: €36
2024: €36k
2018 → 2025
Working capital
€-167k▼ 107%
2024 · €-81k
2018: €-103k
2019: €-155k
2020: €-70k
2021: €-89k
2022: €-109k
2023: €-131k
2024: €-81k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-17k-€-39k▼ 134%€-33k▲ 15.1%€3k€-88k
Operating result€-22k-€28k€4k▼ 87.3%€39k▲ 1,012%€-90k
Net result€-23k-€15k€36▼ 99.8%€36k▲ 100,868%€-91k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €90k after €39k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €233k
Fixed assets
€101k▲ 20.6%
Current assets
€131k▼ 14.3%
Key figures and ratios
EBITDA
€-72k▼
2024 · €57k
Cash flow
€-73k▼
2024 · €54k
Solvency
-37.9%▼
2024 · 1.4%
Current ratio
0.44▼
2024 · 0.65
Quick ratio
0.44▼
2024 · 0.65
Debt / equity
-3.64▼
2024 · 72.29
ROE
103.7%▼
2024 · 1119.2%
ROA
-39.3%▼
2024 · 15.3%
Interest coverage
-38.74▼
2024 · 18.73
Debt
€321k▲
2024 · €234k
Debt ≤ 1 year
€298k▲
2024 · €234k
Debt > 1 year
€22k
Staff costs
€183k▲
2024 · €141k
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€237k€233k▼
Fixed assets21/28€84k€101k▲
Tangible fixed assets22/27€55k€72k▲
Land and buildings22€29k€21k▼
Plant, machinery and equipment23€2k€32k▲
Furniture and vehicles24€24k€19k▼
Financial fixed assets28€29k€29k=
Current assets29/58€153k€131k▼
Amounts receivable within one year40/41€129k€110k▼
Trade receivables40€108k€91k▼
Other amounts receivable41€21k€19k▼
Cash at bank and in hand54/58€24k€21k▼
Equity and liabilities
Total equity and liabilities10/49€237k€233k▼
Equity10/15€3k€-88k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-18k€-109k▼
Amounts payable17/49€234k€321k▲
Amounts payable after more than one year17-€22k
Financial debts170/4-€22k
Amounts payable within one year42/48€234k€298k▲
Current portion of amounts payable after more than one year42-€11k
Trade debts44€86k€84k▼
Suppliers440/4€86k€84k▼
Taxes, remuneration and social security45€22k€23k▲
Taxes450/3€20k€16k▼
Remuneration and social security454/9€2k€8k▲
Other amounts payable47/48€127k€180k▲
Income statement
Code20242025
Remuneration, social security and pensions62€141k€183k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€18k▲
Other operating charges640/8€20k€37k▲
Gross operating margin9900€218k€148k▼
Operating profit (loss)9901€39k€-90k▼
Financial income75/76B-€496
Recurring financial income75-€496
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€36k€-91k▼
Profit (loss) for the period9904€36k€-91k▼
Profit (loss) for the period to be appropriated9905€36k€-91k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-18k€-109k▼
Profit (loss) brought forward from the previous period14P€-54k€-18k▲
The notes to these accounts (9 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-91k ▼352%
Net result drops to €-91k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
24-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 116 days late
2021
05-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 66 days late
2020
31-12
Financial
Back to profitnet €70k
Net result €70k after 2 loss-making years.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 70 days late
08-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 161 days late
2017
16-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 108 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Eghezée · 1 establishment unit since 1999
Ground area
2,431 m²
Building footprint
994 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
Route de Namêche,Leuze 29, 5310 Eghezée
since 19992.131.406.239
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92072C0025/00L002 | Wallonia | 1,413 m² | 1 · 994 m² | - |
| 92072B0721/00C000 | Wallonia | 1,018 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,436 companies in sector 49410 we hold annual accounts for 8,075. 2,031 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-12-1999
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.