ABDAMIN
InactiveABDAMIN was declared bankrupt on 18-12-2023 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 09-04-2024, published in the Belgian State Gazette on 15-04-2024.
Summary
Inactive; last annual accounts for fiscal year 2021.
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 31-12-2022, 4 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 · 6 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 10-10-2022, 71 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
71 d late
2020
90 d late
2019
46 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€46k▲ 32.1%
2020 · €35k
2018: €24k
2019: €24k
2020: €35k
2018 → 2021
Total assets
€82k▲ 48.6%
2020 · €55k
2018: €53k
2019: €53k
2020: €55k
2018 → 2021
Net result
€31k▼ 24.7%
2020 · €42k
2018: €9k
2019: €3k
2020: €42k
2018 → 2021
Working capital
€27k▲ 359%
2020 · €6k
2018: €-19k
2019: €-16k
2020: €6k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€24k-€24k=€35k▲ 48.8%€46k▲ 32.1%
Operating result€9k-€4k▼ 52.6%€40k▲ 833%€24k▼ 40.1%
Net result€9k-€3k▼ 68.3%€42k▲ 1,354%€31k▼ 24.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 40% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €82k
Fixed assets
€19k ▼ 34.2%
Current assets
€63k ▲ 141%
Equity and liabilities €82k
Equity
€46k ▲ 32.1%
Debt
€36k ▲ 77.2%
Debt's share of the balance-sheet total rises from 36.6% to 43.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€34k▼
2020 · €50k
Cash flow
€41k▼
2020 · €52k
Current ratio
1.76▲
2020 · 1.29
Quick ratio
1.48▲
2020 · 0.70
Debt to equity
0.77
ROE
67.3%▼
2020 · 118.1%
ROA
38.0%▼
2020 · 74.9%
Interest coverage
169.04
Debt ≤ 1 year
€36k▲
2020 · €20k
Staff costs
€11k
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 · 2021 against 2020 · 44 lines
Balance sheet
Code20202021
Assets
Total assets20/58€55k€82k▲
Fixed assets21/28€29k€19k▼
Intangible fixed assets21€20k€10k▼
Financial fixed assets28€9k€9k=
Current assets29/58€26k€63k▲
Stocks and contracts in progress3€12k€10k▼
Stocks30/36-€10k
Amounts receivable within one year40/41€2k€3k▲
Trade receivables40-€252
Other amounts receivable41-€3k
Cash at bank and in hand54/58€12k€50k▲
Equity and liabilities
Total equity and liabilities10/49€55k€82k▲
Equity10/15€35k€46k▲
Contributions10/11-€18k
Outside capital11-€18k
Other1109/19-€18k
Reserves13€674€674=
Non-distributable reserves130/1-€674
Reserves not available under the articles1311-€674
Profit (loss) carried forward14€16k€27k▲
Amounts payable17/49€20k€36k▲
Amounts payable within one year42/48€20k€36k▲
Trade debts44€9k€9k▼
Suppliers440/4-€9k
Taxes, remuneration and social security45-€27k
Taxes450/3-€4k
Remuneration and social security454/9-€23k
Income statement
Code20202021
Remuneration, social security and pensions62-€11k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k=
Other operating charges640/8-€56
Gross operating margin9900€59k€45k▼
Operating profit (loss)9901€40k€24k▼
Financial income75/76B-€8k
Recurring financial income75€2k€8k▲
Financial charges65/66B-€201
Recurring financial charges65€210€201▼
Profit (loss) for the period before taxes9903€42k€31k▼
Income taxes67/77€478-
Profit (loss) for the period9904€42k€31k▼
Profit (loss) for the period to be appropriated9905€42k€31k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€47k
Profit (loss) brought forward from the previous period14P-€16k
Profit to be distributed694/7-€20k
Other beneficiaries697-€20k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
15-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · ABDAMIN SRL BOULEVARD DE L’EMPEREUR 10, 1000 BRUXELLES. déclarée le 18 décembre 2023 · event 09-04-2024
05-01
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · ABDAMIN SRL BOULEVARD DE L’EMPEREUR 10, 1000 BRUXELLES · event 18-12-2023
2022
10-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 71 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial
Highest result since 2018net €42k ▲1354%
Operating result €40k, net result €42k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.29
Current ratio from 0.46 to 1.29; short-term debt falls from €29k to €20k.
15-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 46 days late
2019
31-12
Financial
Weakest financial yearnet €3k ▼68.3%
Net result drops to €3k, the lowest in the series.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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 | YSABELLE ENSCH AVENUE LOUISE 349 B 17,
1050 IXELLES |
18-12-2023 → 09-04-2024 |