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PPSF

Open bankruptcy
Private limited company (pre-2019)founded 2004KBO/BCE: BE 0865.433.307

A bankruptcy procedure is open for PPSF according to publications in the Belgian State Gazette; curator: ANOUK DE VLEESHOUWER.

Summary

The file additionally contains 1 administrative flag. The 2019 annual accounts show negative equity (-€5,637) and a net result of €4,339.

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.

The procedure

Court
Enterprise Court of Antwerp, Mechelen division
Declared bankrupt
27 July 2022
Supervising judge
Eddy Brouwers
Official Gazette
19-08-2022 (pdf) ↗search the document for 2022/129941

Deadlines

Provisional date payments stopped
27 July 2022A later judgment can change the date.art. XX.105 CEL
File the claim in RegSol until
passed on 26 August 2022art. XX.104 and XX.155 CEL
Appeal or third-party opposition until
passed on 3 September 2022Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
First verification report
passed on 19 September 2022Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
Late claim until
passed on 27 July 2023Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL

Curator

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.

File a claim in RegSol ↗ Watch Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company

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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 02-07-2020, 29 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
29 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2019 accounts 29 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Address struck

History

PPSF was incorporated on 25 May 2004.1 The company has filed 16 sets of annual accounts, the latest for fiscal year 2019.2 On 27 July 2022 the company was declared bankrupt.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019
  3. 3Belgian State Gazette, 19-08-2022

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2019, micro schema

Equity
-€5,637▲ 43.5%
2018 · -€9,975
Total assets
€263,176▼ 7.4%
2018 · €284,223
Net result
€4,339
2018 · -€46,166
Working capital
-€28,658▲ 18.5%
2018 · -€35,167
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
Line20182019
Operating result-€32,119-€18,409
Net result-€46,166-€4,339
Equity-€9,975--€5,637▲ 43.5%
Total assets€284,223-€263,176▼ 7.4%
Debt€294,198-€268,812▼ 8.6%
Working capital-€35,167--€28,658▲ 18.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€60,000-€40,000-€20,000€0€20,000Operating result 2018: -€32,119-€32,119Net result 2018: -€46,166-€46,166Operating result 2019: €18,409€18,409Net result 2019: €4,339€4,33920182019-€60,000-€40,000-€20,000€0€20,000Operating result 2018: -€32,119-€32,100Net result 2018: -€46,166-€46,200Operating result 2019: €18,409€18,400Net result 2019: €4,339€4,34020182019
The operating result returns to profit in 2019: €18,409 after a loss of €32,119 in 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €263,176
Fixed assets €174,544 ▼ 11.8%
Current assets €88,632 ▲ 2.7%
Key figures and ratios
2019 value · change against 2018
EBITDA
€41,783▲
2018 · -€8,749
Cash flow
€27,712▲
2018 · -€22,796
Solvency
-2.1%▲
2018 · -3.5%
Current ratio
0.76▲
2018 · 0.71
Debt to equity
-26.88▼
2018 · -17.32
ROA
1.6%▲
2018 · -16.2%
Debt ≤ 1 year
€117,289▼
2018 · €121,472
Debt > 1 year
€151,523▼
2018 · €172,726
Income taxes
€9▼
2018 · €15
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2019 against 2018 · 24 lines
Balance sheet Code20182019
Assets
Total assets20/58€284,223€263,176▼
Fixed assets21/28€197,918€174,544▼
Tangible fixed assets22/27€197,798€174,424▼
Financial fixed assets28€120€120=
Current assets29/58€86,305€88,632▲
Amounts receivable within one year40/41€86,305€82,994▼
Cash at bank and in hand54/58-€3,110
Equity and liabilities
Total equity and liabilities10/49€284,223€263,176▼
Equity10/15-€9,975-€5,637▲
Contributions10/11€37,200€37,200=
Reserves13€1,102€1,102=
Profit (loss) carried forward14-€55,185-€50,846▲
Amounts payable17/49€294,198€268,812▼
Amounts payable after more than one year17€172,726€151,523▼
Amounts payable within one year42/48€121,472€117,289▼
Trade debts44-€791
Income statement Code20182019
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23,370€23,374=
Gross operating margin9900-€6,878€43,620▲
Operating profit (loss)9901-€32,119€18,409▲
Recurring financial charges65€14,032€14,062▲
Profit (loss) for the period before taxes9903-€46,151€4,347▲
Income taxes67/77€15€9▼
Profit (loss) for the period9904-€46,166€4,339▲
Profit (loss) for the period to be appropriated9905-€46,166€4,339▲
Line20182019Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23,370€23,374=
Gross operating margin9900-€6,878€43,620▲ 734%
Operating profit (loss)9901-€32,119€18,409▲ 157%
Recurring financial charges65€14,032€14,062▲ 0.2%
Profit (loss) for the period before taxes9903-€46,151€4,347▲ 109%
Income taxes67/77€15€9▼ 43.5%
Profit (loss) for the period9904-€46,166€4,339▲ 109%
Profit (loss) for the period to be appropriated9905-€46,166€4,339▲ 109%
Line20182019Change
Assets
Total assets20/58€284,223€263,176▼ 7.4%
Fixed assets21/28€197,918€174,544▼ 11.8%
Tangible fixed assets22/27€197,798€174,424▼ 11.8%
Financial fixed assets28€120€120=
Current assets29/58€86,305€88,632▲ 2.7%
Amounts receivable within one year40/41€86,305€82,994▼ 3.8%
Cash at bank and in hand54/58-€3,110-
Equity and liabilities
Total equity and liabilities10/49€284,223€263,176▼ 7.4%
Equity10/15-€9,975-€5,637▲ 43.5%
Contributions10/11€37,200€37,200=
Reserves13€1,102€1,102=
Profit (loss) carried forward14-€55,185-€50,846▲ 7.9%
Amounts payable17/49€294,198€268,812▼ 8.6%
Amounts payable after more than one year17€172,726€151,523▼ 12.3%
Amounts payable within one year42/48€121,472€117,289▼ 3.4%
Trade debts44-€791-
Line20182019Change
Profit (loss) for the period9904-€46,166€4,339▲ 109%
+ Depreciation and write-downs630€23,370€23,374=
Operating cash flow (approximation)-€22,796€27,712▲ 222%
Investment in fixed assets (approximation)-€0-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
11-07
KBO administration Address struck
2022
19-08
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 27-07-2022
2020
02-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial Back to profitnet €4,339
Net result €4,339 after one loss-making year.
22-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
23-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
19-07
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
30-06
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
13-08
NBB filing Annual accounts filed
fiscal year 2013 · abbreviated schema · 13 days late
2013
31-07
NBB filing Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
25-07
NBB filing Annual accounts filed
fiscal year 2011 · abbreviated schema
2011
26-07
NBB filing Annual accounts filed
fiscal year 2010 · abbreviated schema
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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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
Registered office, Sint-Katelijne-Waver · 1 establishment unit since 2004
seat establishment The establishment unit on the map
Ground area
1,031 m²
Building footprint
162 m²
Volume, LiDAR
828 m³
Parcel 12035E0067/00F000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PPSF
NACE 7414201
since 20042.137.524.464
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12035E0067/00F000 Flanders 1,031 m² 1 · 162 m² 8.0 m · 2 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.

Insolvency mandates

1 mandate
Role Name Tenure
Curator ANOUK DE VLEESHOUWER
DRABSTRAAT 18, 2800 MECHELEN
27-07-2022 → present

Similar companies · same sector

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector. Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded25-05-2004
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68310Real estate agency activities
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.