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PPP Belgium

Active
Private limited companyfounded 199332 years activeBourgetlaan 42, 1130 Brussel, BelgiumKBO/BCE: BE 0451.600.326
Summary

The computed 12-month bankruptcy probability of PPP Belgium is 2.0% (moderate). The 2025 annual accounts show equity of €464,493 and a net result of €122,883. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 18% of 150 sector peers (NACE 53, fiscal year 2025). The company has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Other postal and courier activities
NACE 53200Other business support services NACE 82990
#8 oldest company in the Brussels-Capital Region, Postal and courier sector5 sites
Size
€3.9mtotal assets 2025
Staff
11.2 FTE
Equity
€464,493
Profit
€122,883
Financial health
52 Fair Checked score 2025
Bankruptcy probability, 12 months
2.0%
Structure
Parent
VILLA TORELLA · 100%
Board
2 members
Holdings
1
Auditor: Grant Thornton Réviseurs d'Entreprises SRLAccounts filed 59 days late2 of 17 deeds read
Why 52- Equity €464,493 (11.9% of total assets)- Sector Postal and courier activities (NACE 53)- 1 change of registered office in 24 months- Latest accounts 59 days late; 1 of the last 3 lateShow the evidence

Checked score

Score 2025
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 18% of its sector peers (NACE 53, small)
Financial strength · tick = 2024
Weak
Solvency 37-12
equity 11.9% of total assets
Liquidity 25+14
short-term debt 73.8% · cash 12.1%
Profitability 60+8
return on assets 3.2%
Bankruptcy probability, 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.9% (58 companies)
Last 24 months 11-2024: 0.8%lowest value 12-2024: 0.8%● unchanged vs 11-2024lowest value 01-2025: 0.8%● unchanged vs 12-2024lowest value 02-2025: 1.4%▲ +0.6 percentage points vs 01-2025 03-2025: 1.6%▲ +0.2 percentage points vs 02-2025 04-2025: 1.7%▲ +0.1 percentage points vs 03-2025 05-2025: 2.0%▲ +0.3 percentage points vs 04-2025 06-2025: 2.0%● unchanged vs 05-2025 07-2025: 2.2%▲ +0.2 percentage points vs 06-2025 08-2025: 3.2%▲ +1.0 percentage point vs 07-2025 09-2025: 2.0%▼ -1.2 percentage points vs 08-2025 10-2025: 2.0%● unchanged vs 09-2025 11-2025: 2.0%● unchanged vs 10-2025 12-2025: 2.0%● unchanged vs 11-2025 01-2026: 2.0%● unchanged vs 12-2025 02-2026: 2.0%● unchanged vs 01-2026 03-2026: 2.3%▲ +0.3 percentage points vs 02-2026 04-2026: 2.5%▲ +0.2 percentage points vs 03-2026 05-2026: 2.9%▲ +0.4 percentage points vs 04-2026 06-2026: 3.0%▲ +0.1 percentage points vs 05-2026 07-2026: 3.1%▲ +0.1 percentage points vs 06-2026 08-2026: 4.2%▲ +1.1 percentage points vs 07-2026 09-2026: 5.3%▲ +1.1 percentage points vs 08-2026highest value 10-2026: 2.0%▼ -3.3 percentage points vs 09-2026
Credit up to €24,000 at 30 days acceptable
Liquidity tight (current ratio 1.14 against 1.25 in 2024; short-term debt: 73.8% and cash: 12.1% of total assets), and 88.1% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 53, small): better than 20% on solvency, 23% on liquidity, 25% on profitability and 5% on growth.

The bankruptcy probability was computed on 06-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
+raises risk○neutral
raises risk · Equity €464,493 (11.9% of total assets)
NBB · annual accounts
raises risk · Sector Postal and courier activities (NACE 53)
KBO
raises risk · 1 change of registered office in 24 months
Belgian State Gazette
raises risk · Latest accounts 59 days late; 1 of the last 3 late
NBB · filings
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 150 sector peers (2025).
NBB · sector comparison
Position among 150 sector peers
Solvency
better than 18%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-09-2026, 59 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 filings
Deviation from the deadline
2025
59 days late
2024
1 day early
2023
2 days early
2022
29 days late
2021
22 days late
2020
22 days early
2019
31 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 17 days after the deadline; the sector median for financial year 2024 is 13 days after the deadline, and 56% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 22 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Appointments: PPP Group (statutory director) and…Permanent representative: DESMET Gregory ·…
  3. Resignation: SRL CA.SA (director)Permanent representatives: Angelino Capretti and…

Key points

  • Caution: Among the weakest 18% on solvencysector median 35.8% · 150 companies 11.9% View
  • Caution: Equity fell in 2025from €841,610 to €464,493 ▼ 44.8% View
  • Board changedlatest change 23-09-2026 · 2 in office 2 joined · 1 left View
  • Controlled by VILLA TORELLAitself parent of 1 companies 100% View
  • Positive: 6 profitable years in a rowprofit 2025: €122,883 6 years View

By topic

Financials

Fiscal year
2025
Total assets
€3.9m
Profit
€122,883
Solvency
11.9%
Total assets▲ 9.9%
Net result
20182025
Go to Financials

Board & ownership

Board
2 members
Parent
VILLA TORELLA · 100%
Auditor
Grant Thornton Réviseurs d'Entreprises…
Go to Board & ownership

Timeline

Events
16
Since
2017
Next accounts
by 31-07-2027
  1. 30-07-2025Annual accounts filed
  2. 29-07-2024Annual accounts filed
  3. 29-08-2023Annual accounts filed
Go to Timeline

Company details

Sites
5
Legal form
Private limited company
Activity
Other postal and courier activitiesNACE 53200
Founded
06-12-1993
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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