PLS
Open bankruptcyA bankruptcy procedure is open for PLS according to publications in the Belgian State Gazette; curator: RANDALL HUYSENTRUYT.
Summary
The 2023 annual accounts show equity of €66k and a net result of €-7k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€66k▼ 4.1%
2022 · €68k
2018: €118k
2019: €91k
2020: €76k
2022: €68k
2018 → 2023
Total assets
€312k▲ 0.6%
2022 · €310k
2018: €414k
2019: €287k
2020: €279k
2022: €310k
2018 → 2023
Net result
€-7k▲ 27.0%
2022 · €-10k
2018: €37k
2019: €-27k
2020: €-15k
2022: €-10k
2018 → 2023
Working capital
€66k▼ 4.0%
2022 · €69k
2018: €117k
2019: €91k
2020: €76k
2022: €69k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020222023Trend
Equity€118k-€91k▼ 22.9%€76k▼ 16.9%€68k▼ 9.4%€66k▼ 4.1%
Operating result€108k-€-27k€-15k▲ 44.4%€-11k▲ 26.3%€-7k▲ 35.8%
Net result€37k-€-27k€-15k▲ 42.9%€-10k▲ 33.1%€-7k▲ 27.0%
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 €7k in 2023 against €11k in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €312k
Equity
€66k ▼ 4.1%
Debt
€247k ▲ 1.9%
Debt's share of the balance-sheet total rises from 78.0% to 79.0%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.27▼
2022 · 1.29
Quick ratio
1.07▲
2022 · 1.05
Debt to equity
3.76▲
2022 · 3.54
ROE
-11.4%▲
2022 · -15.0%
ROA
-2.4%▲
2022 · -3.3%
Debt ≤ 1 year
€246k▲
2022 · €241k
Staff costs
€2k
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 · 2023 against 2022 · 39 lines
Balance sheet
Code20222023
Assets
Total assets20/58€310k€312k▲
Current assets29/58€310k€312k▲
Stocks and contracts in progress3€56k€49k▼
Stocks30/36€56k€49k▼
Amounts receivable within one year40/41€253k€261k▲
Trade receivables40€242k€251k▲
Other amounts receivable41€10k€10k▼
Cash at bank and in hand54/58€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€310k€312k▲
Equity10/15€68k€66k▼
Contributions10/11€86k€91k▲
Reserves13€115k€115k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€77k€77k=
Distributable reserves133€36k€36k=
Profit (loss) carried forward14€-133k€-140k▼
Amounts payable17/49€242k€247k▲
Amounts payable within one year42/48€241k€246k▲
Trade debts44€14k€6k▼
Suppliers440/4€14k€6k▼
Advances received on contracts in progress46€221k€221k=
Taxes, remuneration and social security45€6k€19k▲
Taxes450/3€6k€19k▲
Accrued charges and deferred income492/3€800€800=
Income statement
Code20222023
Remuneration, social security and pensions62-€2k
Other operating charges640/8€3k€292▼
Gross operating margin9900€-8k€-5k▲
Operating profit (loss)9901€-11k€-7k▲
Financial income75/76B€2k€0▼
Recurring financial income75€450€0▼
Non-recurring financial income76B€2k-
Financial charges65/66B€2k€385▼
Recurring financial charges65€2k€385▼
Profit (loss) for the period before taxes9903€-10k€-7k▲
Profit (loss) for the period9904€-10k€-7k▲
Profit (loss) for the period to be appropriated9905€-10k€-7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-133k€-140k▼
Profit (loss) brought forward from the previous period14P€-123k€-133k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-02
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 18-02-2025
13-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 197 days late
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 361 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet €-27k
Net result drops to €-27k, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
05-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
27-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Kortrijk · 1 establishment unit since 2004
Ground area
1,030 m²
Building footprint
303 m²
Volume, LiDAR
1,106 m³
2 parcels, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PLS
since 20042.136.690.660
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34001A0029/00B000 | Flanders | 852 m² | 1 · 205 m² | 4.5 m · 1 fl. |
| 34001A0419/02R000 | Flanders | 178 m² | 1 · 98 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 | RANDALL HUYSENTRUYT DEKEN CAMERLYNCK-
LAAN 85, 8500 KORTRIJK |
18-02-2025 → present |
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Of 210 companies in sector 28299 we hold annual accounts for 154. 81 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 (pre-2019)
Founded02-03-2004
Fiscal year end31-12
Activities, NACEBEL 2025
28299Manufacture of machinery and equipment not elsewhere classified
43211General electrical installation work
46643Wholesale of electrical equipment, including installation materials
47540Retail sale of electrical household appliances
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.