A.B.C. DEVELOPMENT
InactiveA.B.C. DEVELOPMENT was declared bankrupt on 12-05-2022 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed by liquidation by judgment of 27-06-2023, published in the Belgian State Gazette on 03-07-2023.
Summary
Inactive; last annual accounts for fiscal year 2017.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2017. Since then, 8 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 3 filingsPosition against the passed deadline
31-12-2018 close31-07-2019 deadline25-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 31-12-2018, 153 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2017, micro schema
Turnover
€147k▲ 10.1%
2016 · €134k
2016: €134k
2017: €147k▲ +10.1% vs 2016
2016 → 2017
EBIT margin
-9.9%▼ 6.6pp
2016 · -3.3%
2016: -3.3%
2017: -9.9%▼ -199% vs 2016
2016 → 2017
Net result
€-16k▼ 228%
2016 · €-5k
2015: €-6k
2016: €-5k▲ +15.3% vs 2015highest in 3 years
2017: €-16k▼ -228% vs 2016lowest in 3 years
2015 → 2017
Working capital
€-15k▼ 11.9%
2016 · €-13k
2015: €-7khighest in 3 years
2016: €-13k▼ -95.2% vs 2015
2017: €-15k▼ -11.9% vs 2016lowest in 3 years
2015 → 2017
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201520162017Trend
Turnover€134k€147k▲ 10.1%
2016: €134k
2017: €147k▲ +10.1% vs 2016
Equity€34k-€29k▼ 14.7%€13k▼ 56.5%
2015: €34khighest in 3 years
2016: €29k▼ -14.7% vs 2015
2017: €13k▼ -56.5% vs 2016lowest in 3 years
Operating result€-4k-€-4k▼ 13.5%€-15k▼ 229%
2015: €-4khighest in 3 years
2016: €-4k▼ -13.5% vs 2015
2017: €-15k▼ -229% vs 2016lowest in 3 years
Net result€-6k-€-5k▲ 15.3%€-16k▼ 228%
2015: €-6k
2016: €-5k▲ +15.3% vs 2015highest in 3 years
2017: €-16k▼ -228% vs 2016lowest in 3 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €15k in 2017 against €4k in 2016; the loss grows and 2017 has the lowest result in the available series.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €42k
Fixed assets
€30k ▼ 31.3%
Current assets
€12k ▲ 162%
Equity and liabilities €42k
Equity
€13k ▼ 56.5%
Debt
€29k ▲ 51.1%
Debt's share of the balance-sheet total rises from 40.1% to 70.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-5k▼
2016 · €3k
Cash flow
€-7k▼
2016 · €2k
Current ratio
0.45▲
2016 · 0.26
Quick ratio
0.20▲
2016 · 0.16
Debt to equity
0.24
ROE
-130.1%▼
2016 · -17.2%
ROA
-39.1%▼
2016 · -10.3%
Debt ≤ 1 year
€26k▲
2016 · €17k
Debt > 1 year
€3k
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 · 2017 against 2016 · 23 lines
Balance sheet
Code20162017
Assets
Total assets20/58€48k€42k▼
Fixed assets21/28€44k€30k▼
Intangible fixed assets21€12k€11k▼
Tangible fixed assets22/27€32k€20k▼
Current assets29/58€4k€12k▲
Stocks and contracts in progress3€2k€7k▲
Amounts receivable within one year40/41€3k€5k▲
Equity and liabilities
Total equity and liabilities10/49€48k€42k▼
Equity10/15€29k€13k▼
Contributions10/11€40k€40k=
Profit (loss) carried forward14€-11k€-27k▼
Amounts payable17/49€19k€29k▲
Amounts payable after more than one year17-€3k
Amounts payable within one year42/48€17k€26k▲
Trade debts44€6k€10k▲
Income statement
Code20162017
Turnover70€134k€147k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€9k▲
Gross operating margin9900€19k€16k▼
Operating profit (loss)9901€-4k€-15k▼
Recurring financial charges65€565€2k▲
Profit (loss) for the period before taxes9903€-5k€-16k▼
Profit (loss) for the period9904€-5k€-16k▼
Profit (loss) for the period to be appropriated9905€-5k€-16k▼
Accounts by statement
| Line | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|
| Turnover70 | - | €134k | €147k | ▲ 10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €7k | €9k | ▲ 32.6% |
| Gross operating margin9900 | €21k | €19k | €16k | ▼ 15.4% |
| Operating profit (loss)9901 | €-4k | €-4k | €-15k | ▼ 229% |
| Recurring financial income75 | €155 | - | - | - |
| Recurring financial charges65 | €2k | €565 | €2k | ▲ 222% |
| Profit (loss) for the period before taxes9903 | €-6k | €-5k | €-16k | ▼ 228% |
| Profit (loss) for the period9904 | €-6k | €-5k | €-16k | ▼ 228% |
| Profit (loss) for the period to be appropriated9905 | €-6k | €-5k | €-16k | ▼ 228% |
| Line | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €48k | €48k | €42k | ▼ 13.3% |
| Fixed assets21/28 | €43k | €44k | €30k | ▼ 31.3% |
| Intangible fixed assets21 | €14k | €12k | €11k | ▼ 12.5% |
| Tangible fixed assets22/27 | €29k | €32k | €20k | ▼ 38.3% |
| Current assets29/58 | €5k | €4k | €12k | ▲ 162% |
| Stocks and contracts in progress3 | €4k | €2k | €7k | ▲ 292% |
| Amounts receivable within one year40/41 | €1k | €3k | €5k | ▲ 85.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €48k | €48k | €42k | ▼ 13.3% |
| Equity10/15 | €34k | €29k | €13k | ▼ 56.5% |
| Contributions10/11 | €40k | €40k | €40k | = |
| Profit (loss) carried forward14 | €-6k | €-11k | €-27k | ▼ 150% |
| Amounts payable17/49 | €14k | €19k | €29k | ▲ 51.1% |
| Amounts payable after more than one year17 | - | - | €3k | - |
| Amounts payable within one year42/48 | €12k | €17k | €26k | ▲ 50.4% |
| Trade debts44 | €4k | €6k | €10k | ▲ 55.9% |
| Line | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-6k | €-5k | €-16k | ▼ 228% |
| + Depreciation and write-downs630 | €7k | €7k | €9k | ▲ 32.6% |
| Operating cash flow (approximation) | €948 | €2k | €-7k | ▼ 422% |
| Investment in fixed assets (approximation) | - | €-8k | €4k | ▲ 151% |
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
2023
03-07
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 27-06-2023
2022
19-05
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 12-05-2022
2018
31-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 153 days late
2017
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series.
29-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 151 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 60 days late
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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | NATHALIE TAEYMANS CUYLITSSTRAAT 48,
2018 ANTWERPEN 1 |
12-05-2022 → 27-06-2023 |