7 L'O
Inactive7 L'O was declared bankrupt on 08-02-2024 (Tribunal de l’entreprise de Liège, division Namur); the bankruptcy was closed by liquidation by judgment of 01-10-2025, published in the Belgian State Gazette on 06-10-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-06-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
30-06-2023 close31-01-2024 deadline25-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 30-06-2022 was due by 31-01-2023 and was filed on 15-11-2023, 288 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
288 d late
2021
on the day
2020
312 d late
2019
678 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€1k▼ 96.5%
2021 · €36k
2019: €-10klowest in 4 years
2020: €-3k▲ +72.1% vs 2019
2021: €36k▲ +1428% vs 2020highest in 4 years
2022: €1k▼ -96.5% vs 2021
2019 → 2022
Total assets
€113k▲ 0.5%
2021 · €112k
2019: €83klowest in 4 years
2020: €184k▲ +120% vs 2019highest in 4 years
2021: €112k▼ -38.9% vs 2020
2022: €113k▲ +0.5% vs 2021
2019 → 2022
Net result
€-35k
2021 · €38k
2019: €-30k
2020: €7k▲ +123% vs 2019
2021: €38k▲ +452% vs 2020highest in 4 years
2022: €-35k▼ -190% vs 2021lowest in 4 years
2019 → 2022
Working capital
€-15k
2021 · €30k
2019: €-8k
2020: €-31k▼ -275% vs 2019lowest in 4 years
2021: €30k▲ +196% vs 2020highest in 4 years
2022: €-15k▼ -152% vs 2021
2019 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212022Trend
Equity€-10k-€-3k▲ 72.1%€36k€1k▼ 96.5%
2019: €-10klowest in 4 years
2020: €-3k▲ +72.1% vs 2019
2021: €36k▲ +1428% vs 2020highest in 4 years
2022: €1k▼ -96.5% vs 2021
Operating result€-26k-€21k€47k▲ 119%€-30k
2019: €-26k
2020: €21k▲ +181% vs 2019
2021: €47k▲ +119% vs 2020highest in 4 years
2022: €-30k▼ -164% vs 2021lowest in 4 years
Net result€-30k-€7k€38k▲ 452%€-35k
2019: €-30k
2020: €7k▲ +123% vs 2019
2021: €38k▲ +452% vs 2020highest in 4 years
2022: €-35k▼ -190% vs 2021lowest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €30k after €47k in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €113k
Fixed assets
€43k ▲ 589%
Current assets
€70k ▼ 33.9%
Equity and liabilities €113k
Equity
€1k ▼ 96.5%
Debt
€112k ▲ 45.9%
Debt's share of the balance-sheet total rises from 68.1% to 98.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-24k▼
2021 · €50k
Cash flow
€-28k▼
2021 · €41k
Current ratio
0.82▼
2021 · 1.39
Quick ratio
0.76▼
2021 · 1.32
Debt to equity
89.46
ROA
-30.6%▼
2021 · 34.3%
Interest coverage
-5.04
Debt ≤ 1 year
€85k▲
2021 · €76k
Debt > 1 year
€26k
Income taxes
€-222▼
2021 · €8k
Staff costs
€251k
A ratio outside any meaningful range has been withheld (balance sheet total €113k, equity €1k).
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 · 2022 against 2021 · 48 lines
Balance sheet
Code20212022
Assets
Total assets20/58€112k€113k▲
Fixed assets21/28€6k€43k▲
Tangible fixed assets22/27€5k€41k▲
Plant, machinery and equipment23-€761
Furniture and vehicles24-€3k
Leasing and similar rights25-€38k
Financial fixed assets28€1k€1k=
Current assets29/58€106k€70k▼
Stocks and contracts in progress3€5k€5k=
Stocks30/36-€5k
Amounts receivable within one year40/41€66k€45k▼
Trade receivables40-€37k
Other amounts receivable41-€8k
Cash at bank and in hand54/58€32k€20k▼
Deferred charges and accrued income490/1-€353
Equity and liabilities
Total equity and liabilities10/49€112k€113k▲
Equity10/15€36k€1k▼
Contributions10/11-€35k
Profit (loss) carried forward14€452€-34k▼
Amounts payable17/49€76k€112k▲
Amounts payable after more than one year17-€26k
Financial debts170/4-€26k
Amounts payable within one year42/48€76k€85k▲
Current portion of amounts payable after more than one year42-€7k
Financial debts43-€1k
Credit institutions430/8-€1k
Trade debts44€8k€33k▲
Suppliers440/4-€33k
Taxes, remuneration and social security45-€44k
Taxes450/3-€14k
Remuneration and social security454/9-€31k
Other amounts payable47/48-€79
Income statement
Code20212022
Remuneration, social security and pensions62-€251k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€6k▲
Other operating charges640/8-€2k
Non-recurring operating charges66A-€448
Gross operating margin9900€199k€230k▲
Operating profit (loss)9901€47k€-30k▼
Financial income75/76B-€63
Recurring financial income75€727€63▼
Financial charges65/66B-€5k
Recurring financial charges65€1k€5k▲
Profit (loss) for the period before taxes9903€46k€-35k▼
Income taxes67/77€8k€-222▼
Profit (loss) for the period9904€38k€-35k▼
Profit (loss) for the period to be appropriated9905€38k€-35k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-34k
Profit (loss) brought forward from the previous period14P-€452
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €251k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €3k | €3k | €6k | ▲ 126% |
| Other operating charges640/8 | - | - | - | €2k | - |
| Non-recurring operating charges66A | - | - | - | €448 | - |
| Gross operating margin9900 | €223k | €204k | €199k | €230k | ▲ 15.3% |
| Operating profit (loss)9901 | €-26k | €21k | €47k | €-30k | ▼ 164% |
| Financial income75/76B | - | - | - | €63 | - |
| Recurring financial income75 | €24 | - | €727 | €63 | ▼ 91.3% |
| Financial charges65/66B | - | - | - | €5k | - |
| Recurring financial charges65 | €3k | €3k | €1k | €5k | ▲ 302% |
| Profit (loss) for the period before taxes9903 | €-30k | €19k | €46k | €-35k | ▼ 175% |
| Income taxes67/77 | - | €12k | €8k | €-222 | ▼ 103% |
| Profit (loss) for the period9904 | €-30k | €7k | €38k | €-35k | ▼ 190% |
| Profit (loss) for the period to be appropriated9905 | €-30k | €7k | €38k | €-35k | ▼ 190% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €83k | €184k | €112k | €113k | ▲ 0.5% |
| Fixed assets21/28 | €9k | €28k | €6k | €43k | ▲ 589% |
| Tangible fixed assets22/27 | €8k | €27k | €5k | €41k | ▲ 738% |
| Plant, machinery and equipment23 | - | - | - | €761 | - |
| Furniture and vehicles24 | - | - | - | €3k | - |
| Leasing and similar rights25 | - | - | - | €38k | - |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €74k | €156k | €106k | €70k | ▼ 33.9% |
| Stocks and contracts in progress3 | €5k | €5k | €5k | €5k | = |
| Stocks30/36 | - | - | - | €5k | - |
| Amounts receivable within one year40/41 | €42k | €109k | €66k | €45k | ▼ 31.9% |
| Trade receivables40 | - | - | - | €37k | - |
| Other amounts receivable41 | - | - | - | €8k | - |
| Cash at bank and in hand54/58 | €27k | €41k | €32k | €20k | ▼ 36.8% |
| Deferred charges and accrued income490/1 | - | - | - | €353 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €83k | €184k | €112k | €113k | ▲ 0.5% |
| Equity10/15 | €-10k | €-3k | €36k | €1k | ▼ 96.5% |
| Contributions10/11 | €34k | €34k | - | €35k | - |
| Reserves13 | €1k | €1k | - | - | - |
| Profit (loss) carried forward14 | €-45k | €-38k | €452 | €-34k | ▼ 7,638% |
| Amounts payable17/49 | €93k | €186k | €76k | €112k | ▲ 45.9% |
| Amounts payable after more than one year17 | €11k | - | - | €26k | - |
| Financial debts170/4 | - | - | - | €26k | - |
| Amounts payable within one year42/48 | €82k | €186k | €76k | €85k | ▲ 11.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €7k | - |
| Financial debts43 | - | - | - | €1k | - |
| Credit institutions430/8 | - | - | - | €1k | - |
| Trade debts44 | €13k | €144k | €8k | €33k | ▲ 306% |
| Suppliers440/4 | - | - | - | €33k | - |
| Taxes, remuneration and social security45 | - | - | - | €44k | - |
| Taxes450/3 | - | - | - | €14k | - |
| Remuneration and social security454/9 | - | - | - | €31k | - |
| Other amounts payable47/48 | - | - | - | €79 | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-30k | €7k | €38k | €-35k | ▼ 190% |
| + Depreciation and write-downs630 | €12k | €3k | €3k | €6k | ▲ 126% |
| Operating cash flow (approximation) | €-18k | €10k | €41k | €-28k | ▼ 168% |
| Investment in fixed assets (approximation) | - | €-22k | €19k | €-43k | ▼ 324% |
| Change in cash | - | €15k | €-10k | €-12k | ▼ 21.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
06-10
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise de Liège, division Namur · event 01-10-2025
2024
14-02
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Namur · event 08-02-2024
2023
15-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 288 days late
2022
30-06
Financial
Weakest financial yearnet €-35k
Net result drops to €-35k, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 312 days late
09-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 678 days late
09-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1043 days late
30-06
Financial
Highest result since 2019net €38k ▲452%
Operating result €47k, net result €38k, both a record.
2020
30-06
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 131 days late
2017
28-02
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 212 days late
Show earlier events
2016
01-03
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 214 days late
2015
11-02
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 195 days late
2013
31-12
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 153 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | BAUDHUIN RASE BD DE LA MEUSE 25, 5100 JAMBES
(NAMUR) |
08-02-2024 → 01-10-2025 |