PP1
ActiveSummary
The computed 12-month bankruptcy probability of PP1 is 6.1% (elevated). The 2025 annual accounts show negative equity (-€873) and a net result of -€1,385. The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-1
Solvency1▼-39
Growth32
Track record82
Bankruptcy probability, 12 months
6.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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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 · 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 2025Age of the figures
Age of the figures
15 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year -€873
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 05-01-2026, 26 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
26 d early
2024
4 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 11 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close26-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€873
2024 · €512
Total assets
€3,665▲ 8.3%
2024 · €3,383
Net result
-€1,385▼ 184%
2024 · -€488
Working capital
€657
2024 · -€1,465
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Operating result-€467--€1,310▼ 180%
Net result-€488--€1,385▼ 184%
Equity€512--€873
Total assets€3,383-€3,665▲ 8.3%
Debt€2,871-€4,538▲ 58.1%
Working capital-€1,465-€657
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1,310 in 2025 against €467 in 2024; the loss grows.
Key figures and ratios
EBITDA
-€904▼
2024 · -€410
Cash flow
-€978▼
2024 · -€431
Interest coverage
-6.15▲
2024 · -19.55
Debt ≤ 1 year
€1,438▼
2024 · €2,871
Debt > 1 year
€3,100
Ratios withheld: a balance sheet total of €3,665 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €57 | €407 | ▲ 615% |
| Gross operating margin9900 | -€410 | -€904 | ▼ 120% |
| Operating profit (loss)9901 | -€467 | -€1,310 | ▼ 180% |
| Financial income75/76B | - | €73 | - |
| Recurring financial income75 | - | €73 | - |
| Financial charges65/66B | €21 | €147 | ▲ 601% |
| Recurring financial charges65 | €21 | €147 | ▲ 601% |
| Profit (loss) for the period before taxes9903 | -€488 | -€1,385 | ▼ 184% |
| Profit (loss) for the period9904 | -€488 | -€1,385 | ▼ 184% |
| Profit (loss) for the period to be appropriated9905 | -€488 | -€1,385 | ▼ 184% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €3,383 | €3,665 | ▲ 8.3% |
| Formation expenses20 | €1,977 | €1,570 | ▼ 20.6% |
| Current assets29/58 | €1,406 | €2,095 | ▲ 49.0% |
| Amounts receivable within one year40/41 | €1,387 | €2,095 | ▲ 51.0% |
| Other amounts receivable41 | €1,387 | €2,095 | ▲ 51.0% |
| Cash at bank and in hand54/58 | €19 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €3,383 | €3,665 | ▲ 8.3% |
| Equity10/15 | €512 | -€873 | ▼ 271% |
| Contributions10/11 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | -€488 | -€1,873 | ▼ 284% |
| Amounts payable17/49 | €2,871 | €4,538 | ▲ 58.1% |
| Amounts payable after more than one year17 | - | €3,100 | - |
| Other amounts payable178/9 | - | €3,100 | - |
| Amounts payable within one year42/48 | €2,871 | €1,438 | ▼ 49.9% |
| Financial debts43 | - | €32 | - |
| Credit institutions430/8 | - | €32 | - |
| Trade debts44 | €2,871 | €1,406 | ▼ 51.0% |
| Suppliers440/4 | €2,871 | €1,406 | ▼ 51.0% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€488 | -€1,385 | ▼ 184% |
| + Depreciation and write-downs630 | €57 | €407 | ▲ 615% |
| Operating cash flow (approximation) | -€431 | -€978 | ▼ 127% |
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
05-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Liquidity triplescurrent ratio 1.46
Current ratio from 0.49 to 1.46; short-term debt falls from €2,871 to €1,438.
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 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.
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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, Aywaille · 1 establishment unit since 2024
Ground area
74 m²
Building footprint
66 m²
Volume, LiDAR
628 m³
Parcel 62009B0052/00F000, Wallonia · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
PP1
since 20242.358.678.625
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62009B0052/00F000 | Wallonia | 74 m² | 1 · 66 m² | 12.7 m · 3 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded11-04-2024
Fiscal year end30-06
Contact
E-mail
cruggieroinc@outlook.com
Scores and ratios are computed by Checked and are not a credit decision.