AKR GROUP
Open bankruptcyA bankruptcy procedure is open for AKR GROUP according to publications in the Belgian State Gazette; curator: FREDERIK DE VULDER.
Summary
The 2021 annual accounts show negative equity (€-304k) and a net result of €-126k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 30-08-2022, 30 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
30 d late
2020
31 d late
2019
26 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-126k▼ 23.4%
2020 · €-102k
2018: €7k
2019: €-114k
2020: €-102k
2018 → 2021
Working capital
€-403k▼ 54.7%
2020 · €-261k
2018: €-84k
2019: €-194k
2020: €-261k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€32k-€-76k€-178k▼ 134%€-304k▼ 70.7%
Operating result€36k-€-49k€-81k▼ 65.3%€-94k▼ 16.6%
Net result€7k-€-114k€-102k▲ 10.6%€-126k▼ 23.4%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €94k in 2021 against €81k in 2020; the loss grows and 2021 has the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €249k
Fixed assets
€148k ▼ 16.6%
Current assets
€101k ▼ 13.6%
Key figures and ratios
EBITDA
€-59k▼
2020 · €-44k
Cash flow
€-91k▼
2020 · €-65k
Solvency
-122.1%▼
2020 · -60.5%
Current ratio
0.20▼
2020 · 0.31
Quick ratio
0.19▲
2020 · 0.18
Debt to equity
-1.82▼
2020 · -0.50
ROA
-50.5%▼
2020 · -34.7%
Interest coverage
-1.87
Debt
€553k▲
2020 · €472k
Debt ≤ 1 year
€504k▲
2020 · €377k
Debt > 1 year
€48k▼
2020 · €89k
Staff costs
€172k
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 · 52 lines
Balance sheet
Code20202021
Assets
Total assets20/58€294k€249k▼
Fixed assets21/28€177k€148k▼
Tangible fixed assets22/27€177k€147k▼
Plant, machinery and equipment23-€138k
Furniture and vehicles24-€10k
Financial fixed assets28€692€692=
Current assets29/58€117k€101k▼
Stocks and contracts in progress3€49k€7k▼
Stocks30/36-€7k
Amounts receivable within one year40/41€11k€47k▲
Trade receivables40-€15k
Other amounts receivable41-€32k
Cash at bank and in hand54/58€48k€37k▼
Deferred charges and accrued income490/1-€10k
Equity and liabilities
Total equity and liabilities10/49€294k€249k▼
Equity10/15€-178k€-304k▼
Contributions10/11€19k€19k=
Capital10-€19k
Issued capital100-€19k
Reserves13€2k€2k=
Non-distributable reserves130/1-€2k
Legal reserve130-€2k
Profit (loss) carried forward14€-198k€-324k▼
Amounts payable17/49€472k€553k▲
Amounts payable after more than one year17€89k€48k▼
Financial debts170/4-€48k
Amounts payable within one year42/48€377k€504k▲
Current portion of amounts payable after more than one year42-€21k
Trade debts44€90k€103k▲
Suppliers440/4-€103k
Taxes, remuneration and social security45-€33k
Taxes450/3-€3k
Remuneration and social security454/9-€30k
Other amounts payable47/48-€347k
Accrued charges and deferred income492/3-€279
Income statement
Code20202021
Remuneration, social security and pensions62-€172k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€35k▼
Other operating charges640/8-€9k
Gross operating margin9900€126k€122k▼
Operating profit (loss)9901€-81k€-94k▼
Financial income75/76B-€25
Recurring financial income75€1€25▲
Financial charges65/66B-€32k
Recurring financial charges65€21k€32k▲
Non-recurring financial charges66B-€180
Profit (loss) for the period before taxes9903€-102k€-126k▼
Income taxes67/77€82-
Profit (loss) for the period9904€-102k€-126k▼
Profit (loss) for the period to be appropriated9905€-102k€-126k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-324k
Profit (loss) brought forward from the previous period14P-€-198k
Social balance
Average headcount (FTE)9087-12.3
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2022
24-10
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · AKR GROUP SPRL RUE DES ETANGS NOIRS 81, 1080 MOLENBEEK-SAINT-JEAN · event 17-10-2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet €-126k
Net result drops to €-126k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 26 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 23 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 21 days late
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 8 days late
2016
18-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 18 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Sint-Jans-Molenbeek · 1 establishment unit since 2014
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.
Zwarte Vijversstraat 811080 Sint-Jans-MolenbeekGround area
686 m²
Building footprint
634 m²
Volume, LiDAR
15,709 m³
2 parcels, Brussels · tallest building 30.9 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
MANHATTAN
since 20142.233.826.163
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21802B0218/00B000 | Brussels | 559 m² | 1 · 545 m² | 30.9 m · 9 fl. |
| 21526D0148/00N005 | Brussels | 127 m² | 1 · 89 m² | 19.3 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 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 | FREDERIK DE VULDER 59 B, AVENUE REINE ASTRID
(BTE 3), 1780 WEMMEL |
17-10-2022 → present |
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Of 10,519 companies in sector 47110 we hold annual accounts for 5,857. 4,465 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 (pre-2019)
Founded15-07-2014
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0473902837