PPRX
ActiveSummary
The computed 12-month bankruptcy probability of PPRX is 5.1% (elevated). The 2024 annual accounts show equity of €120,056 and a net result of €230,283. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2018 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency54▼-46
Growth58▲+6
Track record84
Bankruptcy probability, 12 months
5.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.38 against 40.15 in 2023; short-term debt: 70.8% and cash: 29.3% of total assets), and 70.9% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
22 d late
2022
42 d early
2021
62 d early
2020
13 d late
2019
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 14 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckAddress strikeout annulled
History
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Financials · fiscal year 2024, micro schema
Equity
€120,056▼ 55.7%
2023 · €270,950
Total assets
€413,144▲ 48.5%
2023 · €278,263
Net result
€230,283▲ 56.8%
2023 · €146,823
Working capital
€111,628▼ 57.3%
2023 · €261,497
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
Line20202021202220232024
Operating result€181,067▼ 23.7%€187,811▲ 3.7%€183,063▼ 2.5%€212,555▲ 16.1%€306,578▲ 44.2%
Net result€139,251▼ 19.8%€144,385▲ 3.7%€140,607▼ 2.6%€146,823▲ 4.4%€230,283▲ 56.8%
Equity€325,230▲ 74.9%€475,815▲ 46.3%€392,421▼ 17.5%€270,950▼ 31.0%€120,056▼ 55.7%
Total assets€430,077▲ 71.9%€520,489▲ 21.0%€397,261▼ 23.7%€278,263▼ 30.0%€413,144▲ 48.5%
Debt€104,847▲ 63.3%€44,674▼ 57.4%€4,839▼ 89.2%€7,313▲ 51.1%€293,087▲ 3,908%
Working capital€322,084▲ 76.0%€464,788▲ 44.3%€384,784▼ 17.2%€261,497▼ 32.0%€111,628▼ 57.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 44% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €413,144
Fixed assets
€9,101 ▼ 9.8%
Current assets
€404,043 ▲ 50.7%
Equity and liabilities €413,144
Equity
€120,056 ▼ 55.7%
Debt
€293,087 ▲ 3,908%
Debt's share of the balance-sheet total rises from 2.6% to 70.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€310,813▲
2023 · €215,991
Cash flow
€234,518▲
2023 · €150,259
Current ratio
1.38▼
2023 · 40.15
Debt to equity
2.44▲
2023 · 0.03
ROE
191.8%▲
2023 · 54.2%
ROA
55.7%▲
2023 · 52.8%
Interest coverage
9646.60▲
2023 · 1398.72
Debt ≤ 1 year
€292,415▲
2023 · €6,679
Income taxes
€76,495▲
2023 · €45,475
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 5.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 6,706 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,239 | €2,850 | €3,389 | €3,436 | €4,235 | ▲ 23.3% |
| Other operating charges640/8 | - | €790 | €810 | €1,019 | €2,829 | ▲ 178% |
| Gross operating margin9900 | €182,887 | €191,451 | €187,262 | €217,010 | €313,643 | ▲ 44.5% |
| Operating profit (loss)9901 | €181,067 | €187,811 | €183,063 | €212,555 | €306,578 | ▲ 44.2% |
| Financial income75/76B | - | €484 | €998 | €63 | €233 | ▲ 267% |
| Recurring financial income75 | - | €484 | €998 | €63 | €233 | ▲ 267% |
| Financial charges65/66B | - | €498 | €372 | €20,320 | €32 | ▼ 99.8% |
| Recurring financial charges65 | €1,035 | €498 | €372 | €154 | €32 | ▼ 79.1% |
| Non-recurring financial charges66B | - | - | - | €20,166 | - | - |
| Profit (loss) for the period before taxes9903 | €180,033 | €187,797 | €183,688 | €192,298 | €306,779 | ▲ 59.5% |
| Income taxes67/77 | €40,782 | €43,412 | €43,082 | €45,475 | €76,495 | ▲ 68.2% |
| Profit (loss) for the period9904 | €139,251 | €144,385 | €140,607 | €146,823 | €230,283 | ▲ 56.8% |
| Profit (loss) for the period to be appropriated9905 | €139,251 | €144,385 | €140,607 | €146,823 | €230,283 | ▲ 56.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €430,077 | €520,489 | €397,261 | €278,263 | €413,144 | ▲ 48.5% |
| Fixed assets21/28 | €3,145 | €11,027 | €7,637 | €10,087 | €9,101 | ▼ 9.8% |
| Tangible fixed assets22/27 | €2,895 | €10,777 | €7,387 | €9,837 | €8,851 | ▼ 10.0% |
| Land and buildings22 | - | €4,683 | €3,619 | €6,585 | €4,640 | ▼ 29.5% |
| Plant, machinery and equipment23 | - | €1,742 | €1,317 | €892 | €467 | ▼ 47.6% |
| Furniture and vehicles24 | - | €4,353 | €2,452 | €2,360 | €3,744 | ▲ 58.6% |
| Financial fixed assets28 | €250 | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €426,932 | €509,462 | €389,623 | €268,176 | €404,043 | ▲ 50.7% |
| Amounts receivable after more than one year29 | - | €90,000 | - | - | - | - |
| Other amounts receivable291 | - | €90,000 | - | - | - | - |
| Amounts receivable within one year40/41 | - | - | €1,487 | €1,748 | €1,991 | ▲ 13.9% |
| Other amounts receivable41 | - | - | €1,487 | €1,748 | €1,991 | ▲ 13.9% |
| Current investments50/53 | €124,062 | €195,634 | €255,326 | - | €120,000 | - |
| Cash at bank and in hand54/58 | €213,625 | €130,760 | €35,939 | €155,330 | €121,164 | ▼ 22.0% |
| Deferred charges and accrued income490/1 | - | €93,068 | €96,872 | €111,098 | €160,888 | ▲ 44.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €430,077 | €520,489 | €397,261 | €278,263 | €413,144 | ▲ 48.5% |
| Equity10/15 | €325,230 | €475,815 | €392,421 | €270,950 | €120,056 | ▼ 55.7% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | €312,830 | €457,215 | €373,821 | €252,350 | €101,456 | ▼ 59.8% |
| Amounts payable17/49 | €104,847 | €44,674 | €4,839 | €7,313 | €293,087 | ▲ 3,908% |
| Amounts payable within one year42/48 | €104,847 | €44,674 | €4,839 | €6,679 | €292,415 | ▲ 4,278% |
| Trade debts44 | - | - | €839 | €479 | €15,915 | ▲ 3,223% |
| Suppliers440/4 | - | - | €839 | €479 | €15,915 | ▲ 3,223% |
| Taxes, remuneration and social security45 | - | €44,500 | €4,000 | €6,200 | €36,500 | ▲ 489% |
| Taxes450/3 | - | €44,500 | €4,000 | €6,200 | €36,500 | ▲ 489% |
| Other amounts payable47/48 | - | €174 | - | - | €240,000 | - |
| Accrued charges and deferred income492/3 | - | - | - | €634 | €672 | ▲ 6.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €139,251 | €144,385 | €140,607 | €146,823 | €230,283 | ▲ 56.8% |
| + Depreciation and write-downs630 | €1,239 | €2,850 | €3,389 | €3,436 | €4,235 | ▲ 23.3% |
| Operating cash flow (approximation) | €140,490 | €147,235 | €143,996 | €150,259 | €234,518 | ▲ 56.1% |
| Investment in fixed assets (approximation) | - | -€10,731 | €0 | -€5,885 | -€3,249 | ▲ 44.8% |
| Change in cash | - | -€82,864 | -€94,822 | €119,391 | -€34,166 | ▼ 129% |
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
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €230,283 ▲56.8%
Operating result €306,578, net result €230,283, both a record.
26-08
KBO administration
Address strikeout annulled
22-08
KBO administration
Address struck
event 15-03-2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity times 7current ratio 80.51
Current ratio from 11.40 to 80.51; short-term debt falls from €44,674 to €4,839.
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 11.40
Current ratio from 4.07 to 11.40; short-term debt falls from €104,847 to €44,674.
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
31-12
Financial
Weakest financial yearnet €139,251 ▼19.8%
Net result drops to €139,251, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200,000Eq €325,230 ▲74.9%
2 profitable years in a row build equity to €325,230.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Sint-Lambrechts-Woluwe · 1 establishment unit since 2024
Ground area
245 m²
Building footprint
47 m²
Volume, LiDAR
491 m³
Parcel 21018B0190/00A010, Brussels · tallest building 12.9 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
PPRX
since 20242.362.452.816
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21018B0190/00A010 | Brussels | 245 m² | 1 · 47 m² | 12.9 m · 4 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
Founded30-10-2018
Fiscal year end31-12
Contact
E-mail
philippepetillon@gmail.comSint-Lambrechts-Woluwe
Phone
+32473365497Sint-Lambrechts-Woluwe
E-invoicing
Reachable via Peppol
Peppol ID
0208:0712697008
Registered
27-03-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.