A&S
Open bankruptcyA bankruptcy procedure is open for A&S according to publications in the Belgian State Gazette; curator: NICK PEETERS.
Summary
The 2022 annual accounts show equity of €14k and a net result of €-30k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Turnover
€291k▲ 16.9%
2020 · €249k
2020: €249k
2020 → 2021
EBIT margin
9.6%▲ 11.2pp
2020 · -1.5%
2020: -1.5%
2020 → 2021
Net result
€-30k
2021 · €23k
2020: €-5k
2021: €23k
2020 → 2022
Working capital
€21k▼ 50.2%
2021 · €42k
2020: €2k
2021: €42k
2020 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202020212022Trend
Turnover€249k-€291k▲ 16.9%
Equity€20k-€44k▲ 117%€14k▼ 68.7%
Operating result€-4k-€28k€-24k
Net result€-5k-€23k€-30k
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 €24k after €28k in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €220k
Fixed assets
€68k ▲ 2.3%
Current assets
€152k ▲ 29.0%
Equity and liabilities €220k
Equity
€14k ▼ 68.7%
Debt
€207k ▲ 46.7%
Debt's share of the balance-sheet total rises from 76.4% to 93.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-6k▼
2021 · €42k
Cash flow
€-12k▼
2021 · €37k
Current ratio
1.16▼
2021 · 1.55
Quick ratio
0.90▲
2021 · 0.80
Debt to equity
15.15▲
2021 · 3.23
ROE
-219.3%▼
2021 · 53.9%
ROA
-13.6%▼
2021 · 12.7%
Interest coverage
-0.94▼
2021 · 12.42
Debt ≤ 1 year
€131k▲
2021 · €76k
Debt > 1 year
€75k▲
2021 · €65k
Staff costs
€28k▲
2021 · €12k
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€184k€220k▲
Fixed assets21/28€66k€68k▲
Tangible fixed assets22/27€62k€56k▼
Plant, machinery and equipment23€4k€8k▲
Leasing and similar rights25€58k€49k▼
Financial fixed assets28€4k€12k▲
Current assets29/58€118k€152k▲
Stocks and contracts in progress3€57k€34k▼
Stocks30/36€57k€34k▼
Amounts receivable within one year40/41€7k€32k▲
Trade receivables40€7k€32k▲
Other amounts receivable41-€109
Cash at bank and in hand54/58€54k€86k▲
Equity and liabilities
Total equity and liabilities10/49€184k€220k▲
Equity10/15€44k€14k▼
Contributions10/11€25k€25k=
Outside capital11€25k-
Other1109/19€25k-
Profit (loss) carried forward14€19k€-11k▼
Amounts payable17/49€141k€207k▲
Amounts payable after more than one year17€65k€75k▲
Financial debts170/4€65k€75k▲
Amounts payable within one year42/48€76k€131k▲
Current portion of amounts payable after more than one year42€20k€25k▲
Trade debts44€34k€62k▲
Suppliers440/4€34k€62k▲
Taxes, remuneration and social security45€7k€8k▲
Taxes450/3€1k€1k▼
Remuneration and social security454/9€6k€7k▲
Other amounts payable47/48€16k€36k▲
Accrued charges and deferred income492/3-€348
Income statement
Code20212022
Turnover70€291k-
Goods, raw materials, services and sundry goods60/61€237k-
Remuneration, social security and pensions62€12k€28k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€18k▲
Other operating charges640/8€718€2k▲
Gross operating margin9900€54k€25k▼
Operating profit (loss)9901€28k€-24k▼
Financial income75/76B€9€7▼
Recurring financial income75€9€7▼
Financial charges65/66B€3k€6k▲
Recurring financial charges65€3k€6k▲
Profit (loss) for the period before taxes9903€25k€-30k▼
Income taxes67/77€1k-
Profit (loss) for the period9904€23k€-30k▼
Profit (loss) for the period to be appropriated9905€23k€-30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€19k€-11k▼
Profit (loss) brought forward from the previous period14P€-5k€19k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
02-05
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 25-04-2024
01-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 185 days late
2022
31-12
Financial
Weakest financial yearnet €-30k
Net result drops to €-30k, the lowest in the series.
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro 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, Antwerpen · 3 establishment units since 2020
Ground area
675 m²
Building footprint
321 m²
Volume, LiDAR
3,277 m³
3 parcels, Flanders · tallest building 14.0 m, ±4 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
3 establishment units
Bisschoppenhoflaan 7-9, 2100 Antwerpen
since 20202.297.698.287
salambek vleeshandel
since 20212.320.991.551
RED SEA RESTAURANT
since 20222.332.965.212
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11012A0016/00Y013 | Flanders | 329 m² | 1 · 156 m² | 11.8 m · 3 fl. |
| 11012A0030/00K003 | Flanders | 265 m² | 1 · 84 m² | 12.6 m · 4 fl. |
| 11807G0421/00L006 | Flanders | 81 m² | 1 · 81 m² | 14.0 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 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 | NICK PEETERS NOORDERLAAN 98,
2030 ANTWERPEN 3 |
25-04-2024 → present |
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 4,320 EUR awarded · 4,320 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 4,320 EUR | 4,320 EUR |
Schemes
Hinderpremie bij openbare werken
Similar companies · same sector, comparable size
ANJA ZINAS
BE 0746.698.575
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BBDM Ovins
BE 0526.953.587
Marchin · Eq €14,116
JOSAN
BE 0461.995.855
Balen · Eq €14,199
MELITA - MEAT
BE 0427.881.747
Gent · Eq €14,870
MATTHI
BE 0463.105.516
Brakel · Eq €15,656
Of 756 companies in sector 46321 we hold annual accounts for 551. 142 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
Founded21-06-2019
Fiscal year end31-12
Activities, NACEBEL 2025
46321Wholesale of meat and meat products, excluding game and poultry
10712Artisanal bread and fresh pastry making
46322Wholesale trade
47110Non-specialised retail sale with food, beverages or tobacco predominating
47221Retail sale of meat and meat products, excluding game and poultry
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.