A.R.C. LETTERING
InactiveA.R.C. LETTERING was declared bankrupt on 09-08-2022 (Ondernemingsrechtbank Brussel); the bankruptcy was closed by liquidation by judgment of 19-09-2023, published in the Belgian State Gazette on 04-10-2023.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 31-08-2021, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
31 d late
2019
52 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Equity
€-111k
2019 · €39k
2018: €35k
2019: €39k
2018 → 2020
Total assets
€260k▼ 36.5%
2019 · €409k
2018: €411k
2019: €409k
2018 → 2020
Net result
€-150k
2019 · €49k
2018: €-18k
2019: €49k
2018 → 2020
Working capital
€-140k
2019 · €29k
2018: €27k
2019: €29k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€35k-€39k▲ 12.5%€-111k
Operating result€-7k-€61k€-37k
Net result€-18k-€49k€-150k
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 2020: a loss of €37k after €61k in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €260k
Fixed assets
€198k ▼ 5.9%
Current assets
€62k ▼ 69.0%
Key figures and ratios
EBITDA
€-25k▼
2019 · €92k
Cash flow
€-137k▼
2019 · €81k
Solvency
-42.7%▼
2019 · 9.6%
Current ratio
0.31▼
2019 · 1.17
Debt to equity
-1.47▼
2019 · 4.90
ROA
-57.8%▼
2019 · 12.1%
Debt
€364k▲
2019 · €363k
Debt ≤ 1 year
€201k▲
2019 · €170k
Debt > 1 year
€162k▼
2019 · €192k
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 · 2020 against 2019 · 25 lines
Balance sheet
Code20192020
Assets
Total assets20/58€409k€260k▼
Fixed assets21/28€210k€198k▼
Tangible fixed assets22/27€210k€198k▼
Current assets29/58€199k€62k▼
Amounts receivable within one year40/41€70k€50k▼
Cash at bank and in hand54/58€124k-
Equity and liabilities
Total equity and liabilities10/49€409k€260k▼
Equity10/15€39k€-111k▼
Contributions10/11€20k-
Reserves13€33k€23k▼
Profit (loss) carried forward14€-14k€-154k▼
Provisions and deferred taxes16€7k€7k▼
Amounts payable17/49€363k€364k▲
Amounts payable after more than one year17€192k€162k▼
Amounts payable within one year42/48€170k€201k▲
Trade debts44€12k€23k▲
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€13k▼
Gross operating margin9900€130k€29k▼
Operating profit (loss)9901€61k€-37k▼
Recurring financial income75€19€57▲
Recurring financial charges65€11k€13k▲
Profit (loss) for the period before taxes9903€50k€-151k▼
Income taxes67/77€961-
Profit (loss) for the period9904€49k€-150k▼
Profit (loss) for the period to be appropriated9905€51k€-139k▼
Timeline · acts, filings and financial milestones
2023
04-10
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Brussel · A.R.C. LETTERING BV WAARDBEEKDREEF 3/B, 1850 GRIMBERGEN · event 19-09-2023
2022
17-08
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · A.R.C. LETTERING BV WAARD- BEEKDREEF 3/B, 1850 GRIMBERGEN · event 09-08-2022
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
15-06
Bankruptcy
Judicial dissolution
Ondernemingsrechtbank Brussel · van: A.R.C. LETTERING BV- WAARDBEEKDREEF 3 B, 1850 GRIMBERGEN
2020
31-12
Financial
Weakest financial yearnet €-150k ▼404%
Net result drops to €-150k, the lowest in the series.
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 52 days late
2019
31-12
Financial
Back to profitnet €49k
Net result €49k after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
23-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Show earlier events
2014
23-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
03-06
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
29-06
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | SVEN DE MAESENEER PEGASUSLAAN 5, 1831 DIEGEM- |
09-08-2022 → 19-09-2023 |