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ALGEMENE TWO

Inactive
KBO/BCE: BE 0460.045.264

ALGEMENE TWO was declared bankrupt on 25-11-2019 (Ondernemingsrechtbank Gent, afdeling Kortrijk); the bankruptcy was closed by liquidation by judgment of 19-09-2023, published in the Belgian State Gazette on 25-09-2023.

Summary

Inactive; last annual accounts for fiscal year 2018.

Risk analysis Watch Report Compare
ALGEMENE TWOInactive
Risk analysis Report Compare

Signals

Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Earlier reorganisation (closed)
Involved in a judicial reorganisation procedure in the past. No current open procedure.
Belgian State Gazette
neutral · No filing for years
The last filed financial year closed on 30-09-2018. Since then, 7 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filings
Position against the passed deadline
30-09-2019 close30-04-2020 deadline29-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-09-2018 was due by 30-04-2019 and was filed on 26-07-2019, 87 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 · 10 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline after the deadline →
tick = median of all Belgian filings

The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

ALGEMENE TWO has filed 21 sets of annual accounts, the latest for fiscal year 2018.1 On 25 November 2019 the company was declared bankrupt; the bankruptcy was closed on 19 September 2023.23

  1. 1National Bank, annual accounts 2018
  2. 2Belgian State Gazette, 03-12-2019
  3. 3Belgian State Gazette, 25-09-2023

Financials · fiscal year 2018, abbreviated schema

Equity
€648,285
Total assets
€1.9m
Net result
-€688,300
Working capital
€300,564

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Balance-sheet composition
Assets €1.9m
Fixed assets €784,956
Current assets €1.1m
Equity and liabilities €1.9m
Equity €648,285
Debt €1.3m
Debt finances 65.9% of the balance-sheet total.
Key figures and ratios
2018 value
EBITDA
-€542,349
Cash flow
-€514,365
Current ratio
1.37
Quick ratio
0.53
Debt to equity
0.64
ROE
-106.2%
ROA
-36.2%
Debt ≤ 1 year
€815,173
Debt > 1 year
€415,569
Income taxes
€143
Annual accounts
Filed annual accounts As filed with the NBB · 2018 · 27 lines
Balance sheet Code2018
Assets
Total assets20/58€1.9m
Fixed assets21/28€784,956
Intangible fixed assets21€97,189
Tangible fixed assets22/27€686,417
Financial fixed assets28€1,350
Current assets29/58€1.1m
Stocks and contracts in progress3€680,628
Amounts receivable within one year40/41€404,709
Cash at bank and in hand54/58€18,084
Equity and liabilities
Total equity and liabilities10/49€1.9m
Equity10/15€648,285
Contributions10/11€2.0m
Reserves13€1,328
Profit (loss) carried forward14-€1.4m
Amounts payable17/49€1.3m
Amounts payable after more than one year17€415,569
Amounts payable within one year42/48€815,173
Trade debts44€362,776
Income statement Code2018
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€173,935
Gross operating margin9900€401,881
Operating profit (loss)9901-€716,284
Recurring financial income75€47,496
Recurring financial charges65€19,369
Profit (loss) for the period before taxes9903-€688,156
Income taxes67/77€143
Profit (loss) for the period9904-€688,300
Profit (loss) for the period to be appropriated9905-€688,300
Line2018
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€173,935
Gross operating margin9900€401,881
Operating profit (loss)9901-€716,284
Recurring financial income75€47,496
Recurring financial charges65€19,369
Profit (loss) for the period before taxes9903-€688,156
Income taxes67/77€143
Profit (loss) for the period9904-€688,300
Profit (loss) for the period to be appropriated9905-€688,300
Line2018
Assets
Total assets20/58€1.9m
Fixed assets21/28€784,956
Intangible fixed assets21€97,189
Tangible fixed assets22/27€686,417
Financial fixed assets28€1,350
Current assets29/58€1.1m
Stocks and contracts in progress3€680,628
Amounts receivable within one year40/41€404,709
Cash at bank and in hand54/58€18,084
Equity and liabilities
Total equity and liabilities10/49€1.9m
Equity10/15€648,285
Contributions10/11€2.0m
Reserves13€1,328
Profit (loss) carried forward14-€1.4m
Amounts payable17/49€1.3m
Amounts payable after more than one year17€415,569
Amounts payable within one year42/48€815,173
Trade debts44€362,776
Line2018
Profit (loss) for the period9904-€688,300
+ Depreciation and write-downs630€173,935
Operating cash flow (approximation)-€514,365

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2023
25-09
Bankruptcy Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 19-09-2023
2019
03-12
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 25-11-2019
27-09
Judicial reorganisation Plan homologation
Ondernemingsrechtbank Gent · event 24-09-2019
26-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 87 days late
25-02
Judicial reorganisation Plan approval refused
Ondernemingsrechtbank Gent · event 19-02-2019
11-01
Judicial reorganisation Extension
Ondernemingsrechtbank Gent, afdeling Kortrijk · collective agreement · event 08-01-2019
2018
19-10
Judicial reorganisation Opening
Rechtbank van koophandel Gent · collective agreement · event 16-10-2018
24-04
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
31-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
28-08
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema · 28 days late
2014
28-05
NBB filing Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
31-05
NBB filing Annual accounts filed
fiscal year 2012 · abbreviated schema
Show earlier events
2012
07-06
NBB filing Annual accounts filed
fiscal year 2011 · abbreviated schema
2011
25-05
NBB filing Annual accounts filed
fiscal year 2010 · abbreviated schema
2010
26-05
NBB filing Annual accounts filed
fiscal year 2009 · abbreviated schema
2009
08-06
NBB filing Annual accounts filed
fiscal year 2008 · abbreviated schema
SignalNBB filing
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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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 PHILIP GHEKIERE
KONING ALBERTSTRAAT 24 BUS 1, 8500 KORTRIJK
 25-11-2019 → 19-09-2023

Structure & network

Owners and holdings

1 owner

Owners 1

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.

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