ALBAS CONSULTING
InactiveALBAS CONSULTING was declared bankrupt on 25-09-2023 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 28-01-2025, published in the Belgian State Gazette on 05-02-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
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 31-12-2023, 3 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 · 2 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 02-05-2023, 90 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
90 d early
2021
11 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 51 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2022, micro schema
Turnover
€2.0m▲ 19.6%
2021 · €1.7m
EBIT margin
2.2%▲ 2.1pp
2021 · 0.1%
Net result
€38,258
2021 · -€2,071
Working capital
€54,387▲ 4,378%
2021 · €1,215
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022
Turnover€1.7m-€2.0m▲ 19.6%
Operating result€1,469-€45,102▲ 2,970%
Net result-€2,071-€38,258
EBIT margin0.1%-2.2%▲ 2.1pp
Equity€7,929-€60,187▲ 659%
Total assets€120,964-€182,041▲ 50.5%
Debt€113,035-€121,854▲ 7.8%
Working capital€1,215-€54,387▲ 4,378%
Staff (FTE)4.4-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2022; 2022 is 2,970% above 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €182,041
Fixed assets
€5,800 ▼ 13.6%
Current assets
€176,241 ▲ 54.3%
Equity and liabilities €182,041
Equity
€60,187 ▲ 659%
Debt
€121,854 ▲ 7.8%
Debt's share of the balance-sheet total falls from 93.4% to 66.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€46,017▲
2021 · €2,384
Cash flow
€39,173▲
2021 · -€1,155
Current ratio
1.45▲
2021 · 1.01
Quick ratio
0.91▲
2021 · 0.62
Debt to equity
2.02▼
2021 · 14.26
ROE
63.6%▲
2021 · -26.1%
ROA
21.0%▲
2021 · -1.7%
Interest coverage
17.79▲
2021 · 1.29
Debt ≤ 1 year
€121,854▲
2021 · €113,035
Income taxes
€4,257▲
2021 · €1,689
Staff costs
€106,558▲
2021 · €94,622
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Turnover70 | €1.7m | €2.0m | ▲ 19.6% |
| Goods, raw materials, services and sundry goods60/61 | €1.6m | €1.9m | ▲ 17.4% |
| Remuneration, social security and pensions62 | €94,622 | €106,558 | ▲ 12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €915 | €915 | = |
| Other operating charges640/8 | €8,208 | €6,998 | ▼ 14.7% |
| Gross operating margin9900 | €105,215 | €159,573 | ▲ 51.7% |
| Operating profit (loss)9901 | €1,469 | €45,102 | ▲ 2,970% |
| Financial income75/76B | €4 | - | - |
| Recurring financial income75 | €4 | - | - |
| Financial charges65/66B | €1,855 | €2,587 | ▲ 39.4% |
| Recurring financial charges65 | €1,855 | €2,587 | ▲ 39.4% |
| Profit (loss) for the period before taxes9903 | -€382 | €42,515 | ▲ 11,226% |
| Income taxes67/77 | €1,689 | €4,257 | ▲ 152% |
| Profit (loss) for the period9904 | -€2,071 | €38,258 | ▲ 1,948% |
| Profit (loss) for the period to be appropriated9905 | -€2,071 | €38,258 | ▲ 1,948% |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €120,964 | €182,041 | ▲ 50.5% |
| Fixed assets21/28 | €6,715 | €5,800 | ▼ 13.6% |
| Tangible fixed assets22/27 | €1,915 | €1,000 | ▼ 47.8% |
| Furniture and vehicles24 | €1,915 | €1,000 | ▼ 47.8% |
| Financial fixed assets28 | €4,800 | €4,800 | = |
| Current assets29/58 | €114,249 | €176,241 | ▲ 54.3% |
| Stocks and contracts in progress3 | €44,035 | €65,887 | ▲ 49.6% |
| Stocks30/36 | €44,035 | €65,887 | ▲ 49.6% |
| Amounts receivable within one year40/41 | €59,444 | €88,285 | ▲ 48.5% |
| Trade receivables40 | €45,959 | €74,800 | ▲ 62.8% |
| Other amounts receivable41 | €13,485 | €13,485 | = |
| Cash at bank and in hand54/58 | €10,771 | €22,069 | ▲ 105% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €120,964 | €182,041 | ▲ 50.5% |
| Equity10/15 | €7,929 | €60,187 | ▲ 659% |
| Contributions10/11 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€2,071 | €50,187 | ▲ 2,524% |
| Amounts payable17/49 | €113,035 | €121,854 | ▲ 7.8% |
| Amounts payable within one year42/48 | €113,035 | €121,854 | ▲ 7.8% |
| Trade debts44 | €77,633 | €62,014 | ▼ 20.1% |
| Suppliers440/4 | €77,633 | €62,014 | ▼ 20.1% |
| Taxes, remuneration and social security45 | €34,997 | €59,840 | ▲ 71.0% |
| Taxes450/3 | €16,184 | €47,785 | ▲ 195% |
| Remuneration and social security454/9 | €18,813 | €12,055 | ▼ 35.9% |
| Other amounts payable47/48 | €405 | - | - |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€2,071 | €38,258 | ▲ 1,948% |
| + Depreciation and write-downs630 | €915 | €915 | = |
| Operating cash flow (approximation) | -€1,155 | €39,173 | ▲ 3,491% |
| Investment in fixed assets (approximation) | - | -€0 | - |
| Change in cash | - | €11,298 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
05-02
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · event 28-01-2025
2023
02-10
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 25-09-2023
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €38,258
Net result €38,258 after one loss-making year.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JEAN-MICHEL DERICK AVENUE LOUISE 391 BTE 3,
1050 FR BRUXELLES 5 |
25-09-2023 → 28-01-2025 |
Structure & network
Owners and holdings
1 ownerChain of control
- AMAU GROUP
- ALBAS CONSULTING
Highest known parent: AMAU GROUP. The sources do not say who stands above it.
Owners 1
- AMAU GROUPparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.