AMBACH
InactiveAMBACH was declared bankrupt on 09-08-2022 (Ondernemingsrechtbank Leuven); the bankruptcy was closed for insufficient assets by judgment of 15-12-2022, published in the Belgian State Gazette on 22-12-2022.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three 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 · 5 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline24-09-2026 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 09-08-2021, 9 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
9 d late
2019
25 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Equity
€-22k▼ 174%
2019 · €-8k
2018: €28k
2019: €-8k
2018 → 2020
Total assets
€34k▲ 34.8%
2019 · €25k
2018: €38k
2019: €25k
2018 → 2020
Net result
€-20k▲ 45.6%
2019 · €-36k
2018: €1k
2019: €-36k
2018 → 2020
Working capital
€-40k▼ 32.2%
2019 · €-31k
2018: €4k
2019: €-31k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€28k-€-8k€-22k▼ 174%
Operating result€1k-€-36k€-20k▲ 45.0%
Net result€1k-€-36k€-20k▲ 45.6%
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 €20k in 2020 against €36k in 2019; the loss shrinks.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €34k
Fixed assets
€18k ▼ 18.8%
Current assets
€16k ▲ 475%
Key figures and ratios
EBITDA
€-14k▲
2019 · €-31k
Cash flow
€-14k▲
2019 · €-31k
Solvency
-65.2%▼
2019 · -32.1%
Current ratio
0.28▲
2019 · 0.08
Quick ratio
0.27▲
2019 · 0.04
ROA
-57.8%▲
2019 · -143.3%
Debt
€56k▲
2019 · €33k
Debt ≤ 1 year
€56k▲
2019 · €33k
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 · 2020 against 2019 · 25 lines
Balance sheet
Code20192020
Assets
Total assets20/58€25k€34k▲
Fixed assets21/28€22k€18k▼
Tangible fixed assets22/27€11k€7k▼
Financial fixed assets28€12k€12k=
Current assets29/58€3k€16k▲
Stocks and contracts in progress3€1k€376▼
Amounts receivable within one year40/41€42€10k▲
Cash at bank and in hand54/58€1k€4k▲
Equity and liabilities
Total equity and liabilities10/49€25k€34k▲
Equity10/15€-8k€-22k▼
Contributions10/11€13k-
Reserves13€15k€2k▼
Profit (loss) carried forward14€-36k€-43k▼
Amounts payable17/49€33k€56k▲
Amounts payable within one year42/48€33k€56k▲
Trade debts44€3k€2k▼
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▲
Gross operating margin9900€-29k€-13k▲
Operating profit (loss)9901€-36k€-20k▲
Recurring financial income75-€3
Recurring financial charges65€222€59▼
Profit (loss) for the period before taxes9903€-36k€-20k▲
Income taxes67/77€281-
Profit (loss) for the period9904€-36k€-20k▲
Profit (loss) for the period to be appropriated9905€-36k€-20k▲
Timeline · acts, filings and financial milestones
2022
22-12
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Leuven · AMBACH BVBA ZEELSTRAAT 14, 3000 LEUVEN · event 15-12-2022
17-08
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · AMBACH BVBA ZEEL- STRAAT 14, 3000 LEUVEN · event 09-08-2022
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-36k ▼2998%
Net result drops to €-36k, the lowest in the series.
16-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 16 days late
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 14 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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 | ILSE VAN DE MIEROP WOLSTRAAT 70, 1000 BRUSSEL 1- |
09-08-2022 → 15-12-2022 |