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P.B. PROJECTS

Active
Public limited company·Groothandel in informatie- en communicatieapparatuur· 32 yrs active
Roderveldlaan 4 ·2600 Antwerpen, Belgium
Open bankruptcy
KBO/BCE: BE 0451.190.253
Watch Print / PDF
Age32 yrs
Staff (FTE)32.6
Real estate1 parcel · 1.0 ha

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for P.B. PROJECTS according to publications in the Belgian State Gazette. The file additionally contains 1 judicial reorganisation. The 2023 annual accounts show equity of €8.92M and a net result of €856k.

Based on the State Gazette, CBE and 3 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Insolvency timeline

2 events
07-10-2024
Bankruptcy Opening
Date: 03-09-2024 · Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · P.B. PROJECTS NV RODER- VELDLAAN 4, 2600 BERCHEM (ANTWERPEN) · Publications in State Gazette ↗
29-08-2024
Judicial reorganisation Transfer under judicial authority
Date: 20-06-2024 · Ondernemingsrechtbank Antwerpen · transfert_judiciaire · Publications in State Gazette ↗

Signals

Insufficient current data: the most recent filed accounts (financial year 2023) are too old to derive current signals.

Trust signals

2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags

No administrative flags

Financials

Turnover€49.33M-12.8%
EBIT margin2.5%-1.2pp
Net result€856k-40.5%
Working capital€6.79M+15.6%
Directors1

Annual accounts & ratios

Source: NBB · 2023
Annual accounts filed on 31-08-2023 with the NBB · fiscal year 2023 · volledig
€0€20.00M€40.00M€60.00MRevenue 2019: €65.65M€65.65MOperating result 2019: €1.24M€1.24MNet result 2019: €3.40M€3.40MRevenue 2022: €56.59M€56.59MOperating result 2022: €2.09M€2.09MNet result 2022: €1.44M€1.44MRevenue 2023: €49.33M€49.33MOperating result 2023: €1.23M€1.23MNet result 2023: €856k€856k201920222023
RevenueOperating resultNet result
Sector comparison
Fiscal year 2023 · NACE 46, Wholesale trade · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency 46.8% 29.7%
better than 67% of 586 sector peers
Net result €856k €38k
better than 84% of 585 sector peers
Equity €8.92M €481k
better than 87% of 586 sector peers
Staff costs €2.08M €506k
higher than 77% of 441 sector peers
Employees (FTE) 32.6 7.5
better than 80% of 388 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€49.33M
-12.8% far above sector median
EBITDA
€1.68M
-41.3% far above sector median
Net profit
€856k
-40.5% far above sector median
Cash flow
€1.30M
-41.0% far above sector median
Total assets
€19.06M
+30.5% far above sector median
Equity
€8.92M
+10.6% far above sector median
Working capital
€6.79M
+15.6% far above sector median
Employees (FTE)
33
-14.4% far above sector median
Staff costs
€2.08M
-2.0% far above sector median
Income taxes
€331k
-45.7% far above sector median
Dividends
€500k
-60.0% 19-23
Debt
€10.14M
+55.1% far above sector median
Debt ≤ 1y
€9.91M
+61.6% far above sector median
Debt > 1y
€202k
-44.4% -91% vs sector
Current ratio
1.68
-13.9% +66% vs sector
Quick ratio
1.33
-7.8% +32% vs sector
Solvency
46.8%
-15.2% +53% vs sector
Debt / equity
1.14
+40.2% +19% vs sector
ROE
9.6%
-46.2% +99% vs sector
ROA
4.5%
-54.4% far above sector median
Net margin
1.7%
-31.8% far above sector median
EBITDA margin
3.4%
-32.7% 19-23
Interest coverage
83.41
-38.5% far above sector median
Figures by fiscal year
Fiscal year2023
Revenue€49.33M
EBITDA€1.68M
Net profit€856k
Cash flow€1.30M
Staff costs€2.08M
Income taxes€331k
Dividends-
Total assets€19.06M
Equity€8.92M
Debt€10.14M
of which ≤ 1y€9.91M
of which > 1y€202k
Working capital€6.79M
Employees (FTE)32.6
Ratios (computed)
2023
Current ratio1.68
Quick ratio1.33
Working capital ratio35.6%
Solvency46.8%
Debt / equity1.14
Long-term debt ratio0.02
Interest coverage83.41
Gross margin8.5%
Net margin1.7%
ROA4.5%
ROE9.6%
EBITDA margin3.4%
Days sales outstanding63d
Days payable outstanding72d
Inventory turnover13.01
Days inventory (DSI)28d
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€19.06M
Fixed assets 21/28€2.36M
Intangible fixed assets 21€6k
Tangible fixed assets 22/27€2.34M
Financial fixed assets 28€6k
Current assets 29/58€16.70M
Stocks & contracts in progress 3€3.47M
Amounts receivable within one year 40/41€10.43M
Cash & bank 54/58€2.70M
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€19.06M
Equity 10/15€8.92M
Contributions / capital 10/11€100k
Reserves 13€1.96M
Accumulated profits (losses) 14€6.19M
Amounts payable 17/49€10.14M
Amounts payable after one year 17€202k
Amounts payable within one year 42/48€9.91M
Trade debts payable within one year 44€8.85M
Income statement
Turnover 70€49.33M
Operating result 9901€1.23M
Financial income 75€8k
Financial charges 65€55k
Result before taxes 9903€1.19M
Income taxes 67/77€331k
Net result for the period 9904€856k
Result to be appropriated 9905€864k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2023 · computed
21 / 100 Critical
050100
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →
Computed by Checked from the NBB filing for FY 2023 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Directors

Directors & mandates

No directors on record

No directors or mandates are on record for this company in the CBE. Not every legal form publishes directors; if they appear in the Belgian State Gazette later, they show up here automatically.

Insolvency mandates

1 mandate
Role Name Tenure Source
Curator KJELL SWARTELE
ANSELMOSTRAAT 2, 2018 ANTWERPEN 1
 03-09-2024 → present Belgian State Gazette

Legal Structure

NACE primary Groothandel in informatie- en communicatieapparatuur(46500)
Legal form Public limited company(014)
Incorporation25-10-1993
StatusActive
Postal code2600
First BS signal 29-08-2024
Latest BS signal 07-10-2024

Structure & network

Company structure: linked entities

1 linked entity
P.B. PROJECTSBE 0451.190.253KJELL SWARTELEReceiver ↔ 95Toska LuanAJTechnicsHofra B&M
Mandates
↔ 1 of these mandate-holders are active on other cases, click any red card to open that KBO.

Locations & real estate

Establishment units

1 location
P.B. Projects
Roderveldlaan 4, 2600 AntwerpenGroothandel in sport- en kampeerartikelen, rijwielen en onderdelen en toebehoren daarvan, spellen en speelgoed
since 19932.064.358.156
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1.0 ha
Buildings1
Building footprint1,060 m²
Volume (LiDAR)20,294 m³
Tallest building22.7 m · ±7 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11003A0289/00S000 Flanders 1.0 ha 1 · 1,060 m² 22.7 m · 7 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

2 events from the State Gazette
07-10-2024
Bankruptcy Opening
Date: 03-09-2024 · Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · P.B. PROJECTS NV RODER- VELDLAAN 4, 2600 BERCHEM (ANTWERPEN) · Publications in State Gazette ↗
29-08-2024
Judicial reorganisation Transfer under judicial authority
Date: 20-06-2024 · Ondernemingsrechtbank Antwerpen · transfert_judiciaire · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262024-08-29 · Judicial reorganisation · Transfer under judicial authority2024-10-07 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event

Belgisch Staatsblad · acts

8 acts
Address history · 1
09-04-2024
Registered-office move
All acts · 8 updated 2 years ago
2024
09-04-2024 Registered office moved from Ranst to Berchem Registered-office change·Vincent SCHOETERS
  • Ter Stratenweg 37, 2520 Ranst (Oelegem) → Roderveldlaan 4, 2600 Berchem
Notary: Vincent SCHOETERS · Antwerpen
2023
26-09-2023 Pragmatik BV appointed as director Director changes
  • Pragmatik BV, Bestuurder
Summary: v3.2
2022
08-12-2022 Michel Dupont appointed as commissaris revisor Director changes
  • Michel Dupont, Commissaris revisor
Summary: v3.2
2020
31-08-2020 3 directors appointed Director changes
  • LEVEL V, Bestuurder
  • EMVIE, Bestuurder
  • LEVEL V, Gedelegeerd bestuurder
Summary: v3.2
2019
12-07-2019 Michel Dupont appointed as commissaris revisor Director changes
  • Michel Dupont, Commissaris revisor
Summary: v3.2
2017
20-03-2017 5 directors appointed, 2 resigning Director changes
  • Level V, Bestuurder
  • Emvie BVBA, Bestuurder
  • Level V, Gedelegeerd bestuurder
  • Kris Lenaerts, Vaste vertegenwoordiger
  • Marc Vennekens, Vaste vertegenwoordiger
  • BCD Holding NV, Bestuurder
  • Farmersbrain BVBA, Bestuurder
Summary: v3.2
2016
31-08-2016 Frederic Poesen appointed as commissaris revisor Director changes
  • Frederic Poesen, Commissaris revisor
Summary: v3.2
2014
14-11-2014 1 director appointed, 1 resigning Director changes
  • Ludo Ruysen, Vertegenwoordiger
  • Sophie Brabants, Vertegenwoordiger
Summary: v3.2

Analysis

Snowflake analysis

financial profile on 5 axes
Health21Profitability33Solvency85Growth35Stability0
35 / 100

Fragile profile, watch stability in particular.

All 5 axes are computed from data Checked has read.

Health 21
Profitability 33
Solvency 85
Growth 35
Stability 0

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Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

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Company registry

Company registry (CBE)

Crossroads Bank
Activities
Groothandel in informatie- en communicatieapparatuur46500Groothandel in computers, randapparatuur en software46510Groothandel in diverse machines en uitrusting voor handel en dienstverlening, n.e.g.51873Groothandel in spellen en speelgoed46497Groothandel in spellen en speelgoed46497Groothandel in andere machines en werktuigen, neg46649Groothandel in andere machines en werktuigen, n.e.g.46699
Primary activity highlighted.
Names & trade names
Legal nameNL P.B. PROJECTS
Registered office
Roderveldlaan 4
2600 Antwerpen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.