PTF
ActiveSummary
The computed 12-month bankruptcy probability of PTF is 4.0% (elevated). The 2024 annual accounts show negative equity (-€3,579) and a net result of -€24,366. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 9% of 36386 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-63
Solvency20▼-25
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
4.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.44 against 1.31 in 2023; short-term debt: 60.1% and cash: 14.6% of total assets), and equity is negative.
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Signals
Five 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
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 2024Solvency, return and age of the figures
Solvency
-5.2%
Return on assets
-35.2%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year -€3,579
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 10-07-2025, 21 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
21 d early
2023
21 d early
2022
39 d early
2021
32 d early
2020
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 23 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Equity
-€3,579
2023 · €20,787
Total assets
€69,159▼ 33.1%
2023 · €103,386
Net result
-€24,366▼ 1,323%
2023 · -€1,712
Working capital
€18,270▲ 76.8%
2023 · €10,332
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€16,673-€953▼ 94.3%€7,214▲ 657%€1,029▼ 85.7%-€21,352
Net result€13,250within the sector's middle half-€949within the sector's middle half▼ 92.8%€5,300within the sector's middle half▲ 458%-€1,712below the sector's middle half-€24,366below the sector's middle half▼ 1,323%
Equity€16,250below the sector's middle half-€17,200below the sector's middle half▲ 5.8%€22,500within the sector's middle half▲ 30.8%€20,787within the sector's middle half▼ 7.6%-€3,579below the sector's middle half
Total assets€21,507below the sector's middle half-€22,294below the sector's middle half▲ 3.7%€44,980below the sector's middle half▲ 102%€103,386within the sector's middle half▲ 130%€69,159within the sector's middle half▼ 33.1%
Debt€5,256-€5,094▼ 3.1%€22,481▲ 341%€82,599▲ 267%€72,738▼ 11.9%
Working capital€16,250within the sector's middle half-€17,200within the sector's middle half▲ 5.8%€14,961within the sector's middle half▼ 13.0%€10,332within the sector's middle half▼ 30.9%€18,270within the sector's middle half▲ 76.8%
Solvency75.6%above the sector's middle half-77.1%above the sector's middle half▲ 1.6pp50.0%within the sector's middle half▼ 27.1pp20.1%below the sector's middle half▼ 29.9pp-5.2%below the sector's middle half▼ 25.3pp
Current ratio4.09above the sector's middle half-4.38above the sector's middle half▲ 0.282.60within the sector's middle half▼ 1.771.31within the sector's middle half▼ 1.301.44within the sector's middle half▲ 0.13
Return on assets (ROA)61.6%above the sector's middle half-4.3%within the sector's middle half▼ 57.4pp11.8%within the sector's middle half▲ 7.5pp-1.7%below the sector's middle half▼ 13.4pp-35.2%below the sector's middle half▼ 33.6pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €21,352 after €1,029 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €69,159
Fixed assets
€9,307 ▼ 84.3%
Current assets
€59,852 ▲ 36.1%
Key figures and ratios
EBITDA
-€15,661▼
2023 · €15,213
Cash flow
-€18,676▼
2023 · €12,471
Quick ratio
1.35▲
2023 · 1.31
Debt to equity
-20.32▼
2023 · 3.97
Interest coverage
-5.19▼
2023 · 5.55
Debt ≤ 1 year
€41,582▲
2023 · €33,633
Debt > 1 year
€31,156▼
2023 · €48,859
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,038 companies that looked in July 2024 the way this one looks now, 7.3% went bankrupt within 24 months and 82% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.3%
went bankrupt
8.2%
stopped otherwise
82%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 4.0% 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 497,662 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 6,038 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 | - | - | €2,073 | €14,183 | €5,690 | ▼ 59.9% |
| Other operating charges640/8 | - | €658 | €731 | €1,011 | €1,062 | ▲ 5.0% |
| Non-recurring operating charges66A | - | - | - | - | €34,723 | - |
| Gross operating margin9900 | €16,753 | €1,610 | €10,019 | €16,224 | €20,123 | ▲ 24.0% |
| Operating profit (loss)9901 | €16,673 | €953 | €7,214 | €1,029 | -€21,352 | ▼ 2,174% |
| Financial income75/76B | - | €66 | €246 | €0 | €0 | ▲ 300% |
| Recurring financial income75 | €101 | €66 | €246 | €0 | €0 | ▲ 300% |
| Financial charges65/66B | - | -€182 | €756 | €2,742 | €3,015 | ▲ 10.0% |
| Recurring financial charges65 | €205 | -€182 | €756 | €2,742 | €3,015 | ▲ 10.0% |
| Profit (loss) for the period before taxes9903 | €16,569 | €1,201 | €6,704 | -€1,712 | -€24,366 | ▼ 1,323% |
| Income taxes67/77 | €3,319 | €251 | €1,404 | €0 | - | - |
| Profit (loss) for the period9904 | €13,250 | €949 | €5,300 | -€1,712 | -€24,366 | ▼ 1,323% |
| Profit (loss) for the period to be appropriated9905 | €13,250 | €949 | €5,300 | -€1,712 | -€24,366 | ▼ 1,323% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €21,507 | €22,294 | €44,980 | €103,386 | €69,159 | ▼ 33.1% |
| Fixed assets21/28 | - | - | €20,688 | €59,420 | €9,307 | ▼ 84.3% |
| Tangible fixed assets22/27 | - | - | €20,688 | €59,420 | €9,307 | ▼ 84.3% |
| Furniture and vehicles24 | - | - | €20,688 | €59,420 | €9,307 | ▼ 84.3% |
| Current assets29/58 | €21,507 | €22,294 | €24,293 | €43,966 | €59,852 | ▲ 36.1% |
| Stocks and contracts in progress3 | €883 | €0 | €887 | €0 | €3,797 | - |
| Stocks30/36 | - | €0 | €887 | €0 | - | - |
| Contracts in progress37 | - | - | - | - | €3,797 | - |
| Amounts receivable within one year40/41 | €10,851 | €12,492 | €15,257 | €36,442 | €10,904 | ▼ 70.1% |
| Trade receivables40 | - | €6,864 | €10,054 | €35,388 | €5,480 | ▼ 84.5% |
| Other amounts receivable41 | - | €5,628 | €5,203 | €1,055 | €5,424 | ▲ 414% |
| Cash at bank and in hand54/58 | €8,703 | €7,695 | €3,425 | €1,467 | €10,108 | ▲ 589% |
| Deferred charges and accrued income490/1 | - | €2,107 | €4,724 | €6,057 | €35,043 | ▲ 479% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €21,507 | €22,294 | €44,980 | €103,386 | €69,159 | ▼ 33.1% |
| Equity10/15 | €16,250 | €17,200 | €22,500 | €20,787 | -€3,579 | ▼ 117% |
| Contributions10/11 | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €13,250 | €14,200 | €19,500 | €17,787 | -€6,579 | ▼ 137% |
| Amounts payable17/49 | €5,256 | €5,094 | €22,481 | €82,599 | €72,738 | ▼ 11.9% |
| Amounts payable after more than one year17 | - | - | €13,149 | €48,859 | €31,156 | ▼ 36.2% |
| Financial debts170/4 | - | - | €13,149 | €48,859 | €31,156 | ▼ 36.2% |
| Amounts payable within one year42/48 | €5,256 | €5,094 | €9,332 | €33,633 | €41,582 | ▲ 23.6% |
| Current portion of amounts payable after more than one year42 | - | - | €7,116 | €18,844 | €17,702 | ▼ 6.1% |
| Trade debts44 | €1,938 | €1,776 | €1,939 | €1,390 | €3,403 | ▲ 145% |
| Suppliers440/4 | - | €1,776 | €1,939 | €1,390 | €3,403 | ▲ 145% |
| Taxes, remuneration and social security45 | - | €3,319 | €278 | €355 | €337 | ▼ 4.9% |
| Taxes450/3 | - | €3,319 | €278 | €355 | €337 | ▼ 4.9% |
| Other amounts payable47/48 | - | - | - | €13,044 | €20,139 | ▲ 54.4% |
| Accrued charges and deferred income492/3 | - | - | - | €107 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,250 | €949 | €5,300 | -€1,712 | -€24,366 | ▼ 1,323% |
| + Depreciation and write-downs630 | - | - | €2,073 | €14,183 | €5,690 | ▼ 59.9% |
| Operating cash flow (approximation) | €13,250 | €949 | €7,373 | €12,471 | -€18,676 | ▼ 250% |
| Investment in fixed assets (approximation) | - | - | - | -€52,916 | €44,423 | ▲ 184% |
| Change in cash | - | -€1,008 | -€4,270 | -€1,959 | €8,641 | ▲ 541% |
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
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€24,366
Net result drops to -€24,366, the lowest in the series.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
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, Geel · 1 establishment unit since 2020
Ground area
1,092 m²
Building footprint
447 m²
Volume, LiDAR
4,626 m³
Parcel 13008H0644/00E002, Flanders · tallest building 15.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
PTF
since 20202.304.582.022
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13008H0644/00E002 | Flanders | 1,092 m² | 1 · 446 m² | 15.5 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.
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Of 7,868 companies in sector 43341 we hold annual accounts for 2,666. 2,074 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
Founded02-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
43310Plastering work
43320Joinery installation
43331Floor and wall tiling
43333Wallpapering and laying of floor and wall coverings in other materials
E-invoicing
Reachable via Peppol
Peppol ID
0208:0749690927
Also
9925:BE0749690927
Registered
16-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.