PPM Limo Services
ActiveSummary
The computed 12-month bankruptcy probability of PPM Limo Services is 4.7% (elevated). The 2025 annual accounts show negative equity (-€13,966) and a net result of €56. Equity is shrinking by ~42.4% per year across the filed fiscal years. Its solvency ranks better than 6% of 4695 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-5
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
4.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.59 against 0.62 in 2024; short-term debt: 166.3% and cash: 40.5% of total assets), 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 · 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
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2025Solvency, return and age of the figures
Solvency
-70.4%
Return on assets
0.3%
Age of the figures
18 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 4695 sector peers (2025).
NBB · sector comparisonPosition among 4695 sector peers
Solvency
better than 6%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 24-10-2025, 7 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
7 d early
2024
3 d early
2023
1 d early
2022
3 d early
2021
117 d late
2020
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 22 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€13,966▲ 0.4%
2024 · -€14,022
Total assets
€19,838▼ 18.9%
2024 · €24,473
Net result
€56▼ 94.3%
2024 · €986
Working capital
-€13,637▲ 4.6%
2024 · -€14,294
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
Line20212022202320242025
Operating result€509-€2,300-€12,557▼ 446%€1,034€187▼ 81.9%
Net result€257-€2,395-€12,664▼ 429%€986€56▼ 94.3%
Equity€51-€2,344-€15,008▼ 540%-€14,022▲ 6.6%-€13,966▲ 0.4%
Total assets€67,563▼ 8.6%€50,901▼ 24.7%€32,885▼ 35.4%€24,473▼ 25.6%€19,838▼ 18.9%
Debt€67,512▼ 8.9%€53,245▼ 21.1%€47,893▼ 10.1%€38,495▼ 19.6%€33,804▼ 12.2%
Working capital-€24,080▲ 59.5%-€18,287▲ 24.1%-€22,762▼ 24.5%-€14,294▲ 37.2%-€13,637▲ 4.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 82% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19,838
Fixed assets
€485 ▼ 55.3%
Current assets
€19,353 ▼ 17.3%
Key figures and ratios
EBITDA
€787▼
2024 · €2,013
Cash flow
€657▼
2024 · €1,966
Solvency
-70.4%▼
2024 · -57.3%
Current ratio
0.59▼
2024 · 0.62
Debt to equity
-2.42▲
2024 · -2.75
ROA
0.3%▼
2024 · 4.0%
Interest coverage
6.04▼
2024 · 23.14
Debt ≤ 1 year
€32,990▼
2024 · €37,681
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 908 companies that looked in July 2024 the way this one looks now, 5.9% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit under 5% of the balance sheet
5.9%
went bankrupt
3.9%
stopped otherwise
89%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 4.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 908 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,189 | €8,189 | €8,189 | €979 | €600 | ▼ 38.7% |
| Other operating charges640/8 | - | €688 | €177 | €1,563 | €399 | ▼ 74.4% |
| Gross operating margin9900 | €17,177 | €6,576 | -€4,191 | €3,576 | €1,186 | ▼ 66.8% |
| Operating profit (loss)9901 | €509 | -€2,300 | -€12,557 | €1,034 | €187 | ▼ 81.9% |
| Financial income75/76B | - | €0 | - | €39 | - | - |
| Recurring financial income75 | - | €0 | - | €39 | - | - |
| Financial charges65/66B | - | €95 | €107 | €87 | €130 | ▲ 49.8% |
| Recurring financial charges65 | €251 | €95 | €107 | €87 | €130 | ▲ 49.8% |
| Profit (loss) for the period before taxes9903 | €257 | -€2,395 | -€12,664 | €986 | €56 | ▼ 94.3% |
| Profit (loss) for the period9904 | €257 | -€2,395 | -€12,664 | €986 | €56 | ▼ 94.3% |
| Profit (loss) for the period to be appropriated9905 | €257 | -€2,395 | -€12,664 | €986 | €56 | ▼ 94.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €67,563 | €50,901 | €32,885 | €24,473 | €19,838 | ▼ 18.9% |
| Formation expenses20 | €1,138 | €758 | €379 | - | - | - |
| Fixed assets21/28 | €23,744 | €15,934 | €8,124 | €1,086 | €485 | ▼ 55.3% |
| Tangible fixed assets22/27 | €23,644 | €15,834 | €8,024 | €986 | €385 | ▼ 60.9% |
| Furniture and vehicles24 | - | €15,834 | €8,024 | €986 | €385 | ▼ 60.9% |
| Financial fixed assets28 | €100 | €100 | €100 | €100 | €100 | = |
| Current assets29/58 | €42,682 | €34,209 | €24,381 | €23,388 | €19,353 | ▼ 17.3% |
| Amounts receivable within one year40/41 | €6,834 | €5,575 | €10,336 | €2,976 | €11,314 | ▲ 280% |
| Trade receivables40 | - | €5,044 | €10,210 | €2,914 | €4,806 | ▲ 64.9% |
| Other amounts receivable41 | - | €530 | €126 | €63 | €6,508 | ▲ 10,270% |
| Cash at bank and in hand54/58 | €35,562 | €27,330 | €13,995 | €20,411 | €8,039 | ▼ 60.6% |
| Deferred charges and accrued income490/1 | - | €1,304 | €50 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €67,563 | €50,901 | €32,885 | €24,473 | €19,838 | ▼ 18.9% |
| Equity10/15 | €51 | -€2,344 | -€15,008 | -€14,022 | -€13,966 | ▲ 0.4% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€6,149 | -€8,544 | -€21,208 | -€20,222 | -€20,166 | ▲ 0.3% |
| Amounts payable17/49 | €67,512 | €53,245 | €47,893 | €38,495 | €33,804 | ▼ 12.2% |
| Amounts payable within one year42/48 | €66,762 | €52,495 | €47,143 | €37,681 | €32,990 | ▼ 12.5% |
| Trade debts44 | €5,470 | €7,074 | €5,917 | €1,754 | - | - |
| Suppliers440/4 | - | €7,074 | €5,917 | €1,754 | - | - |
| Taxes, remuneration and social security45 | - | - | - | - | €63 | - |
| Taxes450/3 | - | - | - | - | €63 | - |
| Other amounts payable47/48 | - | €45,422 | €41,226 | €35,927 | €32,927 | ▼ 8.4% |
| Accrued charges and deferred income492/3 | - | €750 | €750 | €814 | €814 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €257 | -€2,395 | -€12,664 | €986 | €56 | ▼ 94.3% |
| + Depreciation and write-downs630 | €8,189 | €8,189 | €8,189 | €979 | €600 | ▼ 38.7% |
| Operating cash flow (approximation) | €8,446 | €5,794 | -€4,475 | €1,966 | €657 | ▼ 66.6% |
| Investment in fixed assets (approximation) | - | -€379 | -€379 | €6,060 | €0 | ▼ 100% |
| Change in cash | - | -€8,232 | -€13,335 | €6,416 | -€12,373 | ▼ 293% |
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
2025
24-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Back to profitnet €986
Net result €986 after 2 loss-making years.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Weakest financial yearnet -€12,664
Net result drops to -€12,664, the lowest in the series; recovery starts the following year.
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
25-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 117 days late
2021
31-03
Financial
Back to profitnet €257
Net result €257 after one loss-making year.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Rixensart · 1 establishment unit since 2019
Ground area
120 m²
Building footprint
58 m²
Volume, LiDAR
579 m³
Parcel 25033A0317/00_000, Wallonia · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
PPM Limo Services
since 20192.285.935.850
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25033A0317/00_000 | Wallonia | 120 m² | 1 · 58 m² | 11.8 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.
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Of 6,684 companies in sector 49330 we hold annual accounts for 2,297. 31 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 (pre-2019)
Founded21-02-2019
Fiscal year end31-03
Activities, NACEBEL 2025
49320Non-scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
E-invoicing
Reachable via Peppol
Peppol ID
0208:0721397611
Registered
07-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.