ADDISON AND KHAN
InactiveADDISON AND KHAN was declared bankrupt on 02-01-2024 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 26-11-2024, published in the Belgian State Gazette on 29-11-2024.
No longer registered with the KBO; last annual accounts for fiscal year 2020.
Signals
Four 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 · 2 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline22-09-2026 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 27-10-2021, 88 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
88 d late
2019
185 d late
← before the deadline
after the deadline →
Financials · fiscal year 2020, micro schema
Turnover
€45k▲ 14.8%
2019 · €39k
2019: €39k
2019 → 2020
EBIT margin
-14.8%▲ 5.1pp
2019 · -20.0%
2019: -20.0%
2019 → 2020
Net result
€-7k▲ 14.6%
2019 · €-8k
2019: €-8k
2019 → 2020
Working capital
€-16k▼ 26.4%
2019 · €-12k
2019: €-12k
2019 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020Trend
Turnover€39k-€45k▲ 14.8%
Equity€-2k-€-8k▼ 404%
Operating result€-8k-€-7k▲ 14.7%
Net result€-8k-€-7k▲ 14.6%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7k in 2020 against €8k in 2019; the loss shrinks.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €34k
Fixed assets
€7k▼ 32.0%
Current assets
€27k▲ 216%
Key figures and ratios
EBITDA
€-3k▲
2019 · €-4k
Cash flow
€-3k▲
2019 · €-4k
Solvency
-24.6%▼
2019 · -8.7%
Current ratio
0.63▲
2019 · 0.40
Quick ratio
0.02▲
2019 · 0.01
ROA
-19.7%▲
2019 · -40.9%
Debt
€42k▲
2019 · €21k
Debt ≤ 1 year
€42k▲
2019 · €21k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€19k€34k▲
Fixed assets21/28€11k€7k▼
Tangible fixed assets22/27€11k€7k▼
Current assets29/58€8k€27k▲
Stocks and contracts in progress3€8k€26k▲
Cash at bank and in hand54/58€297€847▲
Equity and liabilities
Total equity and liabilities10/49€19k€34k▲
Equity10/15€-2k€-8k▼
Contributions10/11€6k-
Profit (loss) carried forward14€-8k€-15k▼
Amounts payable17/49€21k€42k▲
Amounts payable within one year42/48€21k€42k▲
Trade debts44€3k€36k▲
Income statement
Code20192020
Turnover70€39k€45k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k=
Gross operating margin9900€18k€30k▲
Operating profit (loss)9901€-8k€-7k▲
Recurring financial charges65€25€27▲
Profit (loss) for the period before taxes9903€-8k€-7k▲
Profit (loss) for the period9904€-8k€-7k▲
Profit (loss) for the period to be appropriated9905€-8k€-7k▲
Timeline · acts, filings and financial milestones
2024
29-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · ADDISON AND KHAN BV BROGNIEZSTRAAT 97/A, 1070 ANDERLECHT · event 26-11-2024
10-01
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · ADDISON AND KHAN BV BROGNIEZSTRAAT 97/A, 1070 ANDERLECHT · event 02-01-2024
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
01-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 185 days late
SignalNBB filing
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 | STEVEN VERBEKE LAKENSESTRAAT 154 B11,
1000 BRUSSEL 1 |
02-01-2024 → present |