PPIP
InactivePPIP was declared bankrupt on 14-07-2022 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 12-11-2024, published in the Belgian State Gazette on 20-11-2024.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 3 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 01-07-2021, 30 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
30 d early
2019
40 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Equity
€53k
2019 · €-87k
2018: €-59k
2019: €-87k
2018 → 2020
Total assets
€78k▲ 55.3%
2019 · €50k
2018: €69k
2019: €50k
2018 → 2020
Net result
€140k
2019 · €-28k
2018: €-78k
2019: €-28k
2018 → 2020
Working capital
€25k
2019 · €-109k
2018: €-89k
2019: €-109k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€-59k-€-87k▼ 46.9%€53k
Operating result€-67k-€-19k▲ 71.5%€155k
Net result€-78k-€-28k▲ 64.3%€140k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2020: €155k after a loss of €19k in 2019, the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €78k
Fixed assets
€28k ▲ 31.2%
Current assets
€50k ▲ 73.4%
Equity and liabilities €78k
Equity
€53k
Debt
€24k
Debt finances 31.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€161k▲
2019 · €-13k
Cash flow
€147k▲
2019 · €-22k
Current ratio
2.03▲
2019 · 0.21
Quick ratio
1.60▲
2019 · 0.10
ROE
262.5%
ROA
180.4%▲
2019 · -55.4%
Debt ≤ 1 year
€24k▼
2019 · €137k
Income taxes
€13k▲
2019 · €45
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2020 against 2019 · 23 lines
Balance sheet
Code20192020
Assets
Total assets20/58€50k€78k▲
Fixed assets21/28€22k€28k▲
Tangible fixed assets22/27€22k€28k▲
Current assets29/58€29k€50k▲
Stocks and contracts in progress3€15k€10k▼
Amounts receivable within one year40/41€6k€16k▲
Cash at bank and in hand54/58€7k€22k▲
Equity and liabilities
Total equity and liabilities10/49€50k€78k▲
Equity10/15€-87k€53k▲
Contributions10/11€19k-
Profit (loss) carried forward14€-106k€35k▲
Amounts payable17/49€137k€24k▼
Amounts payable within one year42/48€137k€24k▼
Trade debts44€3k€11k▲
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▲
Gross operating margin9900€17k€178k▲
Operating profit (loss)9901€-19k€155k▲
Recurring financial income75€0€355▲
Recurring financial charges65€9k€2k▼
Profit (loss) for the period before taxes9903€-28k€153k▲
Income taxes67/77€45€13k▲
Profit (loss) for the period9904€-28k€140k▲
Profit (loss) for the period to be appropriated9905€-28k€140k▲
Timeline · acts, filings and financial milestones
2024
20-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 12-11-2024
2022
22-07
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 14-07-2022
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €140k
Net result €140k after 2 loss-making years.
31-12
Financial
Liquidity times 10current ratio 2.03
Current ratio from 0.21 to 2.03; short-term debt falls from €137k to €24k.
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 40 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
SignalFinancial 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PHILIPPE TERMOTE COCKERILLKAAI 18,
2000 ANTWERPEN 1 |
14-07-2022 → 12-11-2024 |