P&CO SHUTTLE
ActiveSummary
The computed 12-month bankruptcy probability of P&CO SHUTTLE is 3.0% (moderate). The 2024 annual accounts show negative equity (€-181k) and a net result of €-8k. Equity is shrinking by ~25.5% per year across the filed fiscal years. Its solvency ranks better than 14% of 26043 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
26
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability34▼-29
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.66 against 0.4 in 2023; short-term debt: 128.8% and cash: 6.9% of total assets), and equity is negative.
Credit advice for your own amount and term
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
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
-37.3%
Return on assets
-1.6%
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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
192021222324
2019 to 2024 · latest year €-181k
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 28-07-2025, 3 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
3 d early
2023
31 d late
2022
22 d late
2021
170 d late
2020
on the day
2019
3 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-181k▼ 4.5%
2023 · €-173k
2019: €16k
2020: €-74k
2021: €-109k
2022: €-165k
2023: €-173k
2019 → 2024
Total assets
€485k▲ 157%
2023 · €189k
2019: €392k
2020: €490k
2021: €781k
2022: €537k
2023: €189k
2019 → 2024
Net result
€-8k▲ 10.3%
2023 · €-9k
2019: €1k
2020: €-90k
2021: €-52k
2022: €-56k
2023: €-9k
2019 → 2024
Working capital
€-215k▼ 34.3%
2023 · €-160k
2019: €-220k
2020: €-90k
2021: €-134k
2022: €-73k
2023: €-160k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-74k-€-109k▼ 47.1%€-165k▼ 50.9%€-173k▼ 5.3%€-181k▼ 4.5%
Operating result€-85k-€-44k▲ 48.5%€-43k▲ 1.9%€-4k▲ 90.8%€-170▲ 95.7%
Net result€-90k-€-52k▲ 42.1%€-56k▼ 5.9%€-9k▲ 84.2%€-8k▲ 10.3%
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 €170 in 2024 against €4k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €485k
Fixed assets
€76k ▼ 9.6%
Current assets
€409k ▲ 291%
Key figures and ratios
EBITDA
€32k▼
2023 · €42k
Cash flow
€24k▼
2023 · €37k
Solvency
-37.3%▲
2023 · -91.9%
Current ratio
0.66▲
2023 · 0.40
Quick ratio
0.59▲
2023 · 0.24
Debt to equity
-3.68▼
2023 · -2.09
ROA
-1.6%▲
2023 · -4.6%
Interest coverage
2.13▼
2023 · 8.54
Debt
€666k▲
2023 · €362k
Debt ≤ 1 year
€625k▲
2023 · €265k
Debt > 1 year
€39k▼
2023 · €95k
Staff costs
€79k▲
2023 · €77k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€189k€485k▲
Fixed assets21/28€84k€76k▼
Tangible fixed assets22/27€82k€74k▼
Plant, machinery and equipment23€47k€32k▼
Furniture and vehicles24€36k€42k▲
Financial fixed assets28€1k€1k=
Current assets29/58€105k€409k▲
Stocks and contracts in progress3€41k€41k▼
Stocks30/36€41k€41k▼
Amounts receivable within one year40/41€13k€332k▲
Trade receivables40€13k€60k▲
Other amounts receivable41-€272k
Cash at bank and in hand54/58€9k€33k▲
Deferred charges and accrued income490/1€42k€3k▼
Equity and liabilities
Total equity and liabilities10/49€189k€485k▲
Equity10/15€-173k€-181k▼
Contributions10/11€16k€16k=
Profit (loss) carried forward14€-190k€-197k▼
Amounts payable17/49€362k€666k▲
Amounts payable after more than one year17€95k€39k▼
Financial debts170/4€95k€39k▼
Amounts payable within one year42/48€265k€625k▲
Current portion of amounts payable after more than one year42€80k€60k▼
Trade debts44€1k€16k▲
Suppliers440/4€1k€16k▲
Taxes, remuneration and social security45€19k€23k▲
Taxes450/3-€12k
Remuneration and social security454/9€19k€11k▼
Other amounts payable47/48€164k€525k▲
Accrued charges and deferred income492/3€1k€2k▲
Income statement
Code20232024
Non-recurring operating income76A-€43k
Remuneration, social security and pensions62€77k€79k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46k€32k▼
Other operating charges640/8€4k€5k▲
Gross operating margin9900€123k€117k▼
Operating profit (loss)9901€-4k€-170▲
Financial income75/76B€77€7k▲
Recurring financial income75€77€7k▲
Financial charges65/66B€5k€15k▲
Recurring financial charges65€5k€15k▲
Profit (loss) for the period before taxes9903€-9k€-8k▲
Profit (loss) for the period9904€-9k€-8k▲
Profit (loss) for the period to be appropriated9905€-9k€-8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-190k€-197k▼
Profit (loss) brought forward from the previous period14P€-181k€-190k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 170 days late
2021
31-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet €-90k ▼6901%
Net result drops to €-90k, the lowest in the series; recovery starts the following year.
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Hamoir · 1 establishment unit since 2019
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.
Quai des Oûtleus 54180 HamoirGround area
762 m²
Building footprint
136 m²
Volume, LiDAR
846 m³
Parcel 61024B0610/00Y004, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
P&CO SHUTTLE
since 20192.284.654.460
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61024B0610/00Y004 | Wallonia | 762 m² | 1 · 136 m² | 7.9 m · 2 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.
Similar companies · same sector, comparable size
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ALLESKOEL
BE 0783.799.392
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"BILL RENOVATIONS"
BE 0742.733.057
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One-Eagle Fleet Services
BE 0747.638.782
Sint-Niklaas · Eq €13,543
Of 345 companies in sector 47812 we hold annual accounts for 205. 58 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-12-2018
Fiscal year end31-12
Activities, NACEBEL 2025
47812Retail trade
52210Service activities incidental to land transportation
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46180Agents specialised in the wholesale of other particular products
49410Freight transport by road
52250Logistics services
53200Other postal and courier activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.