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PFP LOGISTICS

Active
Heidestraat 36A ·1742 Ternat, Belgium
Open bankruptcy
KBO/BCE: BE 0828.323.382
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Full dossier in preparation

Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.

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Age16 yrs

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for PFP LOGISTICS according to publications in the Belgian State Gazette. The 2019 annual accounts show negative equity (€-2.12M) and a net result of €-2.67M.

Based on the State Gazette, CBE and 1 annual account.

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

1 events
22-07-2021
Bankruptcy Opening
Date: 13-07-2021 · Ondernemingsrechtbank Brussel · PFP LOGISTICS NV HEIDE- STRAAT 36A/3, 1742 SINT-KATHERINA-LOMBEEK · Publications in State Gazette ↗

Signals

Insufficient current data: the most recent filed accounts (financial year 2019) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
Latest accounts filed on time
The financial year that closed on 30-06-2019 was due by 31-01-2020 and was filed on 30-12-2019, 32 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 8 filed financial years, each closing on 30-06. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-06-2019, that is 31-01-2020.
Deadline per financial year
Year closed Due by Filed Variance Reference
30-06-2025 31-01-2026 nothing on record not filed -
30-06-2024 31-01-2025 nothing on record not filed -
30-06-2023 31-01-2024 nothing on record not filed -
30-06-2022 31-01-2023 nothing on record not filed -
30-06-2021 31-01-2022 nothing on record not filed -
30-06-2020 31-01-2021 nothing on record not filed -
30-06-2019 31-01-2020 30-12-2019 32 d early 2019-77700548
30-06-2018 31-01-2019 31-01-2019 on the day 2019-04300045
30-06-2017 31-01-2018 31-01-2018 on the day 2018-04500076
30-06-2016 31-01-2017 21-10-2016 102 d early 2016-66000526
30-06-2015 31-01-2016 15-01-2016 16 d early 2016-02200570
30-06-2014 31-01-2015 27-01-2015 4 d early 2015-02600294

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

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

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-2.67M
Working capital€-1.84M
Directors1

Annual accounts & ratios

Source: NBB · 2019
Annual accounts filed on 30-12-2019 with the NBB · fiscal year 2019 · verkort
Fiscal year2019
Depositverkort
Revenue-
EBITDA-
Net profit€-2.67M
Cash flow-
Staff costs-
Income taxes-
Dividends-
Total assets€3k
Equity€-2.12M
Debt€2.12M
of which ≤ 1y€1.84M
of which > 1y€250k
Working capital€-1.84M
Employees (FTE)-
Ratios (computed)
2019
Current ratio0.00
Quick ratio0.00
Working capital ratio-70366.0%
Solvency-81051.2%
Debt / equity-0.12
Long-term debt ratio-0.12
Interest coverage-
Gross margin-
Net margin-
ROA-102114.1%
ROE126.0%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2019
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2019
Balance sheet, Assets
TOTAL ASSETS 20/58€3k
Fixed assets 21/28€1
Financial fixed assets 28€1
Current assets 29/58€3k
Amounts receivable within one year 40/41€2k
Cash & bank 54/58€243
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€3k
Equity 10/15€-2.12M
Contributions / capital 10/11€525k
Reserves 13€26k
Accumulated profits (losses) 14€-2.67M
Amounts payable 17/49€2.12M
Amounts payable after one year 17€250k
Amounts payable within one year 42/48€1.84M
Trade debts payable within one year 44€14k
Income statement
Gross operating margin 9900€11k
Operating result 9901€10k
Financial charges 65€192k
Result before taxes 9903€-1.46M
Net result for the period 9904€-1.46M
Result to be appropriated 9905€-1.46M
Ratios computed by Checked.

Health barometer

FY 2019 · computed
0 / 100 Critical
050100
Computed from 3 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

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Computed by Checked from the NBB filing for FY 2019 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Directors

Directors & mandates

Not yet read from the acts

5 acts for this company are in the Belgian State Gazette, of which we have read 0. This is therefore not a statement about the company: we have not extracted its directors from those acts yet.

Insolvency mandates

1 mandate
Role Name Tenure Source
Curator CHARLOTTE PIERS
GROENKRAAGLAAN 3, 1170 BRUSSEL 17
13-07-2021 → present Belgian State Gazette

Legal Structure

NACE primary Groothandel in vaste, vloeibare en gasvormige brandstoffen en aanverwante producten(46810)
Legal form Public limited company(014)
Incorporation06-08-2010
StatusActive
Postal code1742
First BS signal 22-07-2021
Latest BS signal 22-07-2021

Structure & network

Company structure: linked entities

1 linked entity
PFP LOGISTICSBE 0828.323.382CHARLOTTE PIERSReceiver ↔ 108M&D DESIGNMJ BUSINESSKAPTAN GROUP
Mandates
1 of these mandate-holders are active on other cases, click any red card to open that KBO.

Locations & real estate

Registered office

on the map · from the address register
seat.Municipality exact location from the address register
6 companies at this address See who is registered here

Establishment units

1 location
PFP LOGISTICS
Heidestraat 36A, 1742 TernatHandelsbemiddeling in meststoffen, verdelgingsmiddelen en chemische producten voor de landbouw
since 20102.194.349.836
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area2,326 m²
Buildings1
Building footprint1,118 m²
Volume (LiDAR)5,659 m³
Tallest building11.1 m · ±2 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.
23071C0520/00C000 Flanders 2,326 m² 1 · 1,118 m² 11.1 m · 2 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

1 event from the State Gazette
22-07-2021
Bankruptcy Opening
Date: 13-07-2021 · Ondernemingsrechtbank Brussel · PFP LOGISTICS NV HEIDE- STRAAT 36A/3, 1742 SINT-KATHERINA-LOMBEEK · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262021-07-22 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source and are complete.

Analysis

Snowflake analysis

financial profile on 5 axes
Health0Profitability100Solvency33Growth-Stability0
33 / 100

Fragile profile, watch health in particular.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 0
Profitability 100
Solvency 33
Growth -
Stability 0

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Credit advice

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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 vaste, vloeibare en gasvormige brandstoffen en aanverwante producten46710Groothandel in vaste, vloeibare en gasvormige brandstoffen en aanverwante producten46810
Primary activity highlighted.
Names & trade names
Legal nameNL PFP LOGISTICS
Registered office
Heidestraat 36A bus 3
1742 Ternat, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.