PP Works
ActiveThe computed 12-month bankruptcy probability of PP Works is 2.9% (moderate). The 2024 annual accounts show equity of €4k and a net result of €813. Its solvency ranks better than 23% of 9981 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
37
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes
Profitability46
Solvency41
Growth-
Track record67
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.19; short-term debt: 84.2% and cash: 3.2% of total assets), and 84.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
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 2024Solvency, return and age of the figures
Solvency
15.8%
Return on assets
3.4%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 9981 sector peers (2024).
NBB · sector comparisonPosition among 9981 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 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 · 1 filingDeviation from the deadline
2024
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€4k
Total assets
€24k
Net result
€813
Working capital
€4k
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Equity and liabilities €24k
Equity
€4k
Debt
€20k
Debt finances 84.2% of the balance-sheet total.
Key figures and ratios
Solvency
15.8%
Current ratio
1.19
Quick ratio
1.19
Debt / equity
5.33
ROE
21.3%
ROA
3.4%
Debt
€20k
Debt ≤ 1 year
€20k
Income taxes
€1k
Staff costs
€78k
Filed annual accounts
As filed with the NBB · 2024
Balance sheet
Code2024
Assets
Total assets20/58€24k
Current assets29/58€24k
Amounts receivable within one year40/41€19k
Trade receivables40€6k
Other amounts receivable41€13k
Cash at bank and in hand54/58€775
Deferred charges and accrued income490/1€4k
Equity and liabilities
Total equity and liabilities10/49€24k
Equity10/15€4k
Contributions10/11€3k
Reserves13€813
Distributable reserves133€813
Amounts payable17/49€20k
Amounts payable within one year42/48€20k
Trade debts44€10k
Suppliers440/4€10k
Taxes, remuneration and social security45€10k
Taxes450/3€2k
Remuneration and social security454/9€8k
Income statement
Code2024
Remuneration, social security and pensions62€78k
Other operating charges640/8€733
Gross operating margin9900€81k
Operating profit (loss)9901€2k
Financial income75/76B€214
Recurring financial income75€214
Financial charges65/66B€31
Recurring financial charges65€31
Profit (loss) for the period before taxes9903€2k
Income taxes67/77€1k
Profit (loss) for the period9904€813
Profit (loss) for the period to be appropriated9905€813
Appropriation of the result
Profit (loss) to be appropriated9906€813
Transfer to equity691/2€813
To other reserves6921€813
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
NBB filing
Directors · office · real estate
Directors
1 act for this company is 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, Zutendaal · 1 establishment unit since 2024
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Zuurbroekstraat 373690 ZutendaalGround area
758 m²
Building footprint
142 m²
Volume, LiDAR
61 m³
Parcel 71582D0754/00R000, Flanders · tallest building 5.8 m. Linked by address, not a title deed.
1 establishment unit
PP Works
since 20242.357.883.225
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71582D0754/00R000 | Flanders | 758 m² | 1 · 142 m² | 5.8 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Adco Home
BE 1015.114.304
Braine-l'Alleud · Eq €4k
CGS Concept
BE 0753.834.906
Waterloo · Eq €4k
Matbouw
BE 0785.474.920
Alken · Eq €4k
MJ HOME
BE 0787.440.357
Bernissart · Eq €4k
D&L CONSTRUCTION
BE 0765.225.872
Remicourt · Eq €4k
Of 29,803 companies in sector 41001 we hold annual accounts for 16,040. 5,429 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-03-2024
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43230Insulation installation
43291Specialised construction activities
43320Joinery installation
43410Roofing work
43990Other specialised construction activities
43995Specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.