Turnover
≈ €260,000 estimated
The micro format states no turnover.
PPPF
Lifetime
10 annual accounts with figures on one time axispeak €86,037 (2024)
€85,409▼ 0.7%
lowest -€27,052 (2022)
€22,556▼ 25.3%
peak €194,263 (2025)
€194,263▲ 13.1%
€550,746▼ 8.3%
Board2 names since 2021
1 directorDanièle ARAUJO DE ANDRADE
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Result from €30,184 to €22,556Equity from €171,707 to €194,263Cash from €22,097 to €8,554
Key points
from the 2025 annual accountsChecked score
89
Excellent
Financially stronger than 46% of micro companies without a NACE code
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.1%▼ -0.1 percentage points vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025highest value
09-2025: 0.1%▼ -0.1 percentage points vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026lowest value
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
Liquidity: current ratio 0.30, cash €8,554, halved
lowers risk
Size: total assets €745,009
No main activity registered
Calculation
The band follows from the bankruptcy probability. 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 (no NACE code, micro). It does better than 31% of them on solvency, 30% on liquidity, 53% on profitability and 71% on growth.
The bankruptcy probability was computed on 05-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 4,107 companies had the same profile as PPPF has now. Each dot stands for 11 companies, two years later.
98.0%
were still trading
0.9%
stopped another way
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PPPF itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,107 companies, not a prediction for PPPF. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €17,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.3 (0.29 in 2024), below 1. Short-term debt is 15.9% and cash 1.1% of total assets. 73.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
26 days late
2023
29 days late
2022
26 days early
2021
29 days late
2020
31 days early
2019
91 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 21 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Jean-Pierre GREGOIRE associé actif non rémunérédeed of 26-05-2023
Recent changes
Amendment of the articles · Legal-form change
Gazette deed
Resignations & appointments
Partner: Jean-Pierre GREGOIRE (associé actif non rémunéré) · General meeting of 02-05-2023 · Gazette deed
Registered office moved to Jurbise
New registered office: 7050 JURBISE, Route d'Ath · General meeting of 01-12-2022 · Gazette deed
Resignation: Elisabeth MAURY-PLAS (director)
Appointment: Danièle ARAUJO DE ANDRADE (director) · Director discharge: Elisabeth MAURY-PLAS · General meeting of 31-10-2021 · Gazette deed
Official details
Source: KBO- Status
- Active since 02-10-2015Normal situation
- Activity
- “Administrateur” (deed in French)From the articles, 2 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.324.370.0227000 Mons, since 29-11-2021
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on PPPF
PPPF files the micro format. That format states no turnover. The gross margin rose from €44,679 in 2016 to €85,409 in 2025.
The balance sheet grew most from 2021 to 2022 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PPPF
- What is the company number of PPPF?
- The company number of PPPF is 0639.862.874. The VAT number is the same number with BE in front: BE 0639.862.874.
- Where is PPPF based?
- The registered office is at Route d'Ath 82, 7050 Jurbise.Company details
- What is the legal form of PPPF?
- PPPF is a private limited company (BV).
- When was PPPF founded?
- PPPF was founded on 02-10-2015.
- Is PPPF still active?
- Yes, PPPF is an active enterprise in the KBO register.
- What is the turnover of PPPF?
- The turnover in financial year 2025 is ≈ €260,000. This figure is estimated from the gross margin of €85,409 and 2,667 comparable companies of the same size. It probably lies between €170,000 and €440,000. It is a rough estimate.Financials
- Is PPPF profitable?
- In financial year 2025, PPPF made a profit of €22,556.
- Where can I find the annual accounts of PPPF?
- PPPF filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PPPF due?
- PPPF must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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