ANDEV GROUP
InactiveANDEV GROUP was declared bankrupt on 12-12-2022 (Ondernemingsrechtbank Antwerpen, afdeling Mechelen); the bankruptcy was closed for insufficient assets by judgment of 30-09-2024, published in the Belgian State Gazette on 04-10-2024.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○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 · 3 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline29-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 09-08-2022, 374 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
374 d late
2019
156 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 265 days after 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 2020, micro schema
Equity
€16,071▼ 61.4%
2019 · €41,643
Total assets
€56,084▲ 9.6%
2019 · €51,156
Net result
-€25,572
2019 · €17,273
Working capital
-€1,115
2019 · €41,643
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
Line201820192020
Operating result€24,921-€22,535▼ 9.6%-€22,613
Net result€18,170-€17,273▼ 4.9%-€25,572
Equity€24,370-€41,643▲ 70.9%€16,071▼ 61.4%
Total assets€111,731-€51,156▼ 54.2%€56,084▲ 9.6%
Debt€87,361-€9,513▼ 89.1%€40,013▲ 321%
Working capital€24,370-€41,643▲ 70.9%-€1,115
Staff (FTE)1
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €22,613 after €22,535 in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €56,084
Fixed assets
€17,186
Current assets
€38,898
Equity and liabilities €56,084
Equity
€16,071 ▼ 61.4%
Debt
€40,013 ▲ 321%
Debt's share of the balance-sheet total rises from 18.6% to 71.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€18,292
Cash flow
-€21,251
Current ratio
0.97▼
2019 · 5.38
Debt to equity
2.49
ROE
-159.1%▼
2019 · 41.5%
ROA
-45.6%▼
2019 · 33.8%
Interest coverage
-22.69
Debt ≤ 1 year
€40,013▲
2019 · €9,513
Income taxes
€2,324▼
2019 · €5,618
Staff costs
€10,804
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €10,804 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €4,321 | - |
| Other operating charges640/8 | - | - | €12,651 | - |
| Gross operating margin9900 | €27,491 | €24,568 | €5,163 | ▼ 79.0% |
| Operating profit (loss)9901 | €24,921 | €22,535 | -€22,613 | ▼ 200% |
| Financial income75/76B | - | - | €171 | - |
| Recurring financial income75 | €499 | €578 | €171 | ▼ 70.4% |
| Financial charges65/66B | - | - | €806 | - |
| Recurring financial charges65 | €240 | €222 | €806 | ▲ 263% |
| Profit (loss) for the period before taxes9903 | €25,180 | €22,891 | -€23,248 | ▼ 202% |
| Income taxes67/77 | €7,010 | €5,618 | €2,324 | ▼ 58.6% |
| Profit (loss) for the period9904 | €18,170 | €17,273 | -€25,572 | ▼ 248% |
| Profit (loss) for the period to be appropriated9905 | €18,170 | €17,273 | -€25,572 | ▼ 248% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €111,731 | €51,156 | €56,084 | ▲ 9.6% |
| Fixed assets21/28 | - | - | €17,186 | - |
| Tangible fixed assets22/27 | - | - | €17,186 | - |
| Furniture and vehicles24 | - | - | €17,186 | - |
| Current assets29/58 | €111,731 | €51,156 | €38,898 | ▼ 24.0% |
| Amounts receivable within one year40/41 | €111,728 | €50,484 | €36,446 | ▼ 27.8% |
| Trade receivables40 | - | - | €25,917 | - |
| Other amounts receivable41 | - | - | €10,529 | - |
| Cash at bank and in hand54/58 | €3 | €22 | €2,127 | ▲ 9,568% |
| Deferred charges and accrued income490/1 | - | - | €325 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €111,731 | €51,156 | €56,084 | ▲ 9.6% |
| Equity10/15 | €24,370 | €41,643 | €16,071 | ▼ 61.4% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | €6,200 | - |
| Issued capital100 | - | - | €18,600 | - |
| Uncalled capital101 | - | - | €12,400 | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | - |
| Legal reserve130 | - | - | €1,860 | - |
| Profit (loss) carried forward14 | €16,310 | €33,583 | €8,011 | ▼ 76.1% |
| Amounts payable17/49 | €87,361 | €9,513 | €40,013 | ▲ 321% |
| Amounts payable within one year42/48 | €87,361 | €9,513 | €40,013 | ▲ 321% |
| Trade debts44 | €65,733 | €3,895 | €32,032 | ▲ 722% |
| Suppliers440/4 | - | - | €32,032 | - |
| Other amounts payable47/48 | - | - | €7,981 | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,170 | €17,273 | -€25,572 | ▼ 248% |
| + Depreciation and write-downs630 | - | - | €4,321 | - |
| Operating cash flow (approximation) | €18,170 | €17,273 | -€21,251 | ▼ 223% |
| Change in cash | - | €19 | €2,105 | ▲ 10,979% |
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
2024
04-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 30-09-2024
2022
16-12
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 12-12-2022
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 374 days late
2021
03-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 156 days late
2020
31-12
Financial
Weakest financial yearnet -€25,572
Net result drops to -€25,572, the lowest in the series.
2019
31-12
Financial
Liquidity quadruplescurrent ratio 5.38
Current ratio from 1.28 to 5.38; short-term debt falls from €87,361 to €9,513.
17-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 139 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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 | MARIA LAMBRECHTS EZENHOEK 15, 2590 BERLAAR- |
12-12-2022 → 30-09-2024 |