PXN
Bankruptcy closedPXN was declared bankrupt on 31-07-2024 (Tribunal de l’entreprise de Liège, division Liège); the bankruptcy was closed for insufficient assets by judgment of 01-09-2026, published in the Belgian State Gazette on 07-09-2026. The 2022 annual accounts show negative equity (€-89k) and a net result of €-65k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 28-09-2023, 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
59 d late
2021
47 d early
2020
89 d late
2019
45 d late
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Turnover
€3k
EBIT margin
107.7%
Net result
€-65k▼ 713%
2021 · €-8k
2019: €-21k
2020: €4k
2021: €-8k
2019 → 2022
Working capital
€-52k▼ 296%
2021 · €-13k
2020: €-16k
2021: €-13k
2020 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212022Trend
Turnover€3k
Equity€-21k-€-16k▲ 21.8%€-24k▼ 49.5%€-89k▼ 269%
Operating result€-20k-€4k€-8k€-65k▼ 729%
Net result€-21k-€4k€-8k€-65k▼ 713%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €65k in 2022 against €8k in 2021; the loss grows and 2022 has the lowest result in the available series.
Key figures and ratios
EBITDA
€-64k
Cash flow
€-64k
Solvency
-554.9%
Current ratio
0.23
Quick ratio
0.17
Debt / equity
-1.18
ROA
-404.5%
Interest coverage
-497.54
Debt
€105k▲
2021 · €26k
Debt ≤ 1 year
€68k▲
2021 · €16k
Staff costs
€64k▲
2021 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€2k€16k▲
Formation expenses20-€230
Current assets29/58€2k€16k▲
Stocks and contracts in progress3-€4k
Stocks30/36-€4k
Amounts receivable within one year40/41€1k€3k▲
Trade receivables40€228€1k▲
Other amounts receivable41€1k€2k▲
Cash at bank and in hand54/58€1k€9k▲
Equity and liabilities
Total equity and liabilities10/49€2k€16k▲
Equity10/15€-24k€-89k▼
Contributions10/11€1€1=
Profit (loss) carried forward14€-24k€-89k▼
Amounts payable17/49€26k€105k▲
Amounts payable within one year42/48€16k€68k▲
Financial debts43€12€0▼
Credit institutions430/8€12€0▼
Trade debts44€12k€45k▲
Suppliers440/4€12k€45k▲
Taxes, remuneration and social security45€3k€15k▲
Taxes450/3€807€4k▲
Remuneration and social security454/9€2k€11k▲
Other amounts payable47/48€5€8k▲
Accrued charges and deferred income492/3€11k€36k▲
Income statement
Code20212022
Remuneration, social security and pensions62€3k€64k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€1k
Other operating charges640/8€327€749▲
Non-recurring operating charges66A€1k-
Gross operating margin9900€-3k€1k▲
Operating profit (loss)9901€-8k€-65k▼
Financial income75/76B-€165
Recurring financial income75-€165
Financial charges65/66B€148€128▼
Recurring financial charges65€148€128▼
Non-recurring financial charges66B-€0
Profit (loss) for the period before taxes9903€-8k€-65k▼
Profit (loss) for the period9904€-8k€-65k▼
Profit (loss) for the period to be appropriated9905€-8k€-65k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-24k€-89k▼
Profit (loss) brought forward from the previous period14P€-16k€-24k▼
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
07-09
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise de Liège, division Liège · PXN SRL PLACE XAVIER-NEUJEAN 29, 4000 LIEGE 1. déclarée le 31 juillet 2024 · event 01-09-2026
2024
06-08
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · PXN SRL PLACE XAVIER-NEUJEAN 29, 4000 LIEGE 1 · event 31-07-2024
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
31-12
Financial
Weakest financial yearnet €-65k
Net result drops to €-65k, the lowest in the series.
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 45 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Liège · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Place Xavier-Neujean 294000 LiègeGround area
208 m²
Building footprint
106 m²
Volume, LiDAR
1,667 m³
Parcel 62803A1060/00M000, Wallonia · tallest building 21.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Place Xavier-Neujean 29, 4000 Liège
since 20222.329.979.689
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62803A1060/00M000 | Wallonia | 208 m² | 1 · 106 m² | 21.9 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 | INGRID VON FRENCKELL QUAI MARCELLIS 7 7,
4020 LIEGE 2 |
31-07-2024 → present |
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We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 14,025 companies in sector 56301 we hold annual accounts for 4,894.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-01-2019
Fiscal year end31-12
Activities, NACEBEL
56301Cafés and bars
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.