ALTMAN GAN
InactiveALTMAN GAN was declared bankrupt on 29-08-2023 (Ondernemingsrechtbank Leuven); the bankruptcy was closed by liquidation by judgment of 25-04-2024, published in the Belgian State Gazette on 02-05-2024.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four 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 · 2 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline22-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 30-01-2023, 183 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
183 d late
2020
90 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Equity
€4k▼ 74.0%
2020 · €15k
2020: €15k
2020 → 2021
Total assets
€113k▲ 5.1%
2020 · €108k
2020: €108k
2020 → 2021
Net result
€-11k▼ 9.1%
2020 · €-10k
2020: €-10k
2020 → 2021
Working capital
€-35k▼ 59.5%
2020 · €-22k
2020: €-22k
2020 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021Trend
Equity€15k-€4k▼ 74.0%
Operating result€-8k-€-9k▼ 15.7%
Net result€-10k-€-11k▼ 9.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9k in 2021 against €8k in 2020; the loss grows.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €113k
Fixed assets
€75k▼ 8.5%
Current assets
€38k▲ 48.6%
Equity and liabilities €113k
Equity
€4k▼ 74.0%
Debt
€109k▲ 17.8%
The debt ratio rises from 86.2% to 96.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1k▲
2020 · €-471
Cash flow
€-685▲
2020 · €-3k
Solvency
3.4%▼
2020 · 13.8%
Current ratio
0.52▼
2020 · 0.54
Quick ratio
0.52▼
2020 · 0.54
Debt / equity
28.22▲
2020 · 3.03
ROE
-284.7%▼
2020 · -67.8%
ROA
-9.7%▼
2020 · -9.4%
Interest coverage
0.62
Debt
€109k▲
2020 · €93k
Debt ≤ 1 year
€73k▲
2020 · €48k
Debt > 1 year
€36k▼
2020 · €45k
Staff costs
€6k
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€108k€113k▲
Fixed assets21/28€82k€75k▼
Intangible fixed assets21€69k€62k▼
Tangible fixed assets22/27€12k€13k▲
Plant, machinery and equipment23-€11k
Other tangible fixed assets26-€2k
Financial fixed assets28€180€204▲
Current assets29/58€26k€38k▲
Amounts receivable within one year40/41€22k€19k▼
Trade receivables40-€15k
Other amounts receivable41-€4k
Cash at bank and in hand54/58€3k€6k▲
Deferred charges and accrued income490/1-€14k
Equity and liabilities
Total equity and liabilities10/49€108k€113k▲
Equity10/15€15k€4k▼
Contributions10/11-€25k
Profit (loss) carried forward14€-10k€-21k▼
Amounts payable17/49€93k€109k▲
Amounts payable after more than one year17€45k€36k▼
Financial debts170/4-€36k
Amounts payable within one year42/48€48k€73k▲
Current portion of amounts payable after more than one year42-€8k
Financial debts43-€19k
Other loans439-€19k
Trade debts44€9k€44k▲
Suppliers440/4-€44k
Taxes, remuneration and social security45-€2k
Taxes450/3-€236
Remuneration and social security454/9-€2k
Other amounts payable47/48-€285
Income statement
Code20202021
Remuneration, social security and pensions62-€6k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€10k▲
Other operating charges640/8-€304
Gross operating margin9900€610€8k▲
Operating profit (loss)9901€-8k€-9k▼
Financial charges65/66B-€2k
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-10k€-11k▼
Profit (loss) for the period9904€-10k€-11k▼
Profit (loss) for the period to be appropriated9905€-10k€-11k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-21k
Profit (loss) brought forward from the previous period14P-€-10k
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
02-05
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Leuven · ALTMAN GAN BV AARSCHOTSESTEENWEG 749, 3012 WILSELE · event 25-04-2024
2023
05-09
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · ALTMAN GAN BV AARSCHOT- SESTEENWEG 749, 3012 WILSELE · event 29-08-2023
30-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 183 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
SignalNBB filing
Directors · office · real estate
Directors
2 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 | JOHAN MOMMAERTS BRUSSELSESTEENWEG 62,
3000 LEUVEN |
29-08-2023 → present |
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 3,797 EUR awarded · 3,797 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 3,797 EUR | 3,797 EUR |
Schemes
Vlaams Beschermingsmechanisme 11 (stopgezet)