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ANDRO

Inactive
KBO/BCE: BE 0444.876.840

ANDRO was declared bankrupt on 26-08-2022 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 12-12-2023, published in the Belgian Official Gazette on 19-12-2023.

Summary

Inactive; last annual accounts for financial year 2020.

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ANDROInactive
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Overview

Activity
Activity not known
Size
€18,002total assets 2020
Equity
-€6,981
Loss
-€9,455
Turnover not published (micro format)
Financial health
Inactive: no score
Structure
6 deeds in the Belgian Official Gazette
Signalsraises risk2020 accounts filed 61 days lateneutralPrior bankruptcyNo filing for yearsShow the evidence

Signals

Three signals.
raises riskneutral
neutral · Prior bankruptcy
Earlier bankruptcy on record in the Belgian Official Gazette, no current open procedure.
Belgian Official Gazette
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 · 10 filings
Position against the passed deadline
31-12-2021 year end31-07-2022 deadline28-10-2026 today
raises risk · 2020 accounts filed 61 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 30-09-2021, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2021
not filed
2020
61 days late
2019
92 days late
2018
61 days late
2017
31 days late
2016
30 days late
2015
31 days late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 51 days after the deadline; the Belgian median for financial year 2021 is 3 days before the deadline, and 44% of all filings were late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Bankruptcy closure (insufficient assets)French-language Enterprise Court of Brussels…
  2. OpeningFrench-language Enterprise Court of Brussels…
  3. Annual accounts filedfinancial year 2020 · micro…

Financials · financial year 2020, micro format

2020 annual accounts filed late (61 days) Filed on 30 September 2021, deadline 31 July 2021 (7 months after the close on 31 December 2020, Companies Code art. 3:10). Source: NBB, 2021-70400005.

Equity
-€6,981
2019 · €2,474
Total assets
€18,002▼ 25.4%
2019 · €24,132
Net result
-€9,455
2019 · €6,393
Working capital
-€10,196▼ 311%
2019 · -€2,482
Trend over the years

2018 to 2020, 3 financial years 2018 to 2020, 3 financial years

The operating result turns negative in 2020: a loss of €7,491 after €8,363 in 2019, the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€7,491 2020 Net result-€9,455 2020

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line201820192020
Operating result€1,545-€8,363▲ 441%-€7,491
Net result-€293-€6,393-€9,455
Equity-€3,919-€2,474-€6,981
Total assets€27,063-€24,132▼ 10.8%€18,002▼ 25.4%
Debt€30,981-€21,657▼ 30.1%€24,982▲ 15.4%
Working capital-€14,066--€2,482▲ 82.4%-€10,196▼ 311%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €18,002
Fixed assets €3,215 ▼ 40.4%
Current assets €14,787 ▼ 21.1%
Equity and liabilities
Equity-€6,981
Debt€24,982
Equity is negative: debt (€24,982) exceeds the balance-sheet total (€18,002).
Key figures and ratios
2020 value · change against 2019
EBITDA
-€5,882▼
2019 · €13,530
Cash flow
-€7,846▼
2019 · €11,560
Solvency
-38.8%▼
2019 · 10.3%
Current ratio
0.59▼
2019 · 0.88
ROA
-52.5%▼
2019 · 26.5%
Debt ≤ 1 year
€24,982▲
2019 · €21,222
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2020 against 2019 · 21 lines
Balance sheet Code20192020
Assets
Total assets20/58€24,132€18,002▼
Fixed assets21/28€5,392€3,215▼
Tangible fixed assets22/27€5,392€3,215▼
Current assets29/58€18,739€14,787▼
Amounts receivable within one year40/41€18,575€14,787▼
Equity and liabilities
Total equity and liabilities10/49€24,132€18,002▼
Equity10/15€2,474-€6,981▼
Contributions10/11€18,600€18,600=
Reserves13€1,860€1,860=
Profit (loss) carried forward14-€17,986-€27,441▼
Amounts payable17/49€21,657€24,982▲
Amounts payable within one year42/48€21,222€24,982▲
Trade debts44€9,888€12,489▲
Income statement Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,167€1,609▼
Gross operating margin9900€13,963-€5,382▼
Operating profit (loss)9901€8,363-€7,491▼
Recurring financial income75€2€114▲
Recurring financial charges65€1,972€2,078▲
Profit (loss) for the period before taxes9903€6,393-€9,455▼
Profit (loss) for the period9904€6,393-€9,455▼
Profit (loss) for the period to be appropriated9905€6,393-€9,455▼
Line201820192020Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,246€5,167€1,609▼ 68.9%
Gross operating margin9900€7,235€13,963-€5,382-
Operating profit (loss)9901€1,545€8,363-€7,491-
Recurring financial income75€145€2€114▲ 50×
Recurring financial charges65€1,983€1,972€2,078▲ 5.4%
Profit (loss) for the period before taxes9903-€293€6,393-€9,455-
Profit (loss) for the period9904-€293€6,393-€9,455-
Profit (loss) for the period to be appropriated9905-€293€6,393-€9,455-
Line201820192020Change
Assets
Total assets20/58€27,063€24,132€18,002▼ 25.4%
Fixed assets21/28€10,559€5,392€3,215▼ 40.4%
Tangible fixed assets22/27€10,559€5,392€3,215▼ 40.4%
Current assets29/58€16,503€18,739€14,787▼ 21.1%
Amounts receivable within one year40/41€15,778€18,575€14,787▼ 20.4%
Cash at bank and in hand54/58€135---
Equity and liabilities
Total equity and liabilities10/49€27,063€24,132€18,002▼ 25.4%
Equity10/15-€3,919€2,474-€6,981-
Contributions10/11€18,600€18,600€18,600=
Reserves13€1,860€1,860€1,860=
Profit (loss) carried forward14-€24,379-€17,986-€27,441▼ 52.6%
Amounts payable17/49€30,981€21,657€24,982▲ 15.4%
Amounts payable within one year42/48€30,570€21,222€24,982▲ 17.7%
Trade debts44€15,670€9,888€12,489▲ 26.3%
Line201820192020Change
Profit (loss) for the period9904-€293€6,393-€9,455-
+ Depreciation and write-downs630€5,246€5,167€1,609▼ 68.9%
Operating cash flow (approximation)€4,953€11,560-€7,846-
Investment in fixed assets (approximation)-€0€568-

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

Download as CSV

Latest 10 of 29 filings with the National Bank
Financial year Type Filed Reference
31-12-2020 micro format 30-09-2021 2021-70400005
31-12-2019 micro format 31-10-2020 2020-66200600
31-12-2018 micro format 30-09-2019 2019-66600011
31-12-2017 micro format 31-08-2018 2018-55300561
31-12-2016 micro format 30-08-2017 2017-50800147
31-12-2015 full format 31-08-2016 2016-51300510
31-12-2014 full format 28-08-2015 2015-48900464
31-12-2013 full format 27-08-2014 2014-48200149
31-12-2012 full format 30-08-2013 2013-55400475
31-12-2011 full format 22-05-2012 2012-12000102

Show all 29 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 6 Gazette acts processed. See the directors and other office holders in the KBO →

Insolvency mandates

1 mandate
Role Name Tenure
Trustee Maia Gutmann Le Paige
Rue De La Loi 28, 1040 Bruxelles 4
 26-08-2022 → 12-12-2023

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

Total assets fell from €27,063 in 2018 to €18,002 in 2020.1 On 26 August 2022 ANDRO was declared bankrupt; the bankruptcy was closed on 12 December 2023.23

  1. 1National Bank, annual accounts 2018 and 2020
  2. 2Belgian Official Gazette, 02-09-2022
  3. 3Belgian Official Gazette, 19-12-2023

Acts, filings and financial milestones

2023
19-12
Bankruptcy Bankruptcy closure (insufficient assets)
French-language Enterprise Court of Brussels · judgment of 12-12-2023
2022
02-09
Bankruptcy Opening
French-language Enterprise Court of Brussels · judgment of 26-08-2022
2021
30-09
NBB filing Annual accounts filed
financial year 2020 · micro format · 61 days late
2020
31-12
Financial Weakest financial yearnet -€9,455
Net result drops to -€9,455, the lowest in the series.
31-10
NBB filing Annual accounts filed
financial year 2019 · micro format · 92 days late
2019
31-12
Financial Back to profitnet €6,393
Net result €6,393 after one loss-making year.
30-09
NBB filing Annual accounts filed
financial year 2018 · micro format · 61 days late
2018
31-08
NBB filing Annual accounts filed
financial year 2017 · micro format · 31 days late
2017
30-08
NBB filing Annual accounts filed
financial year 2016 · micro format · 30 days late
2016
31-08
NBB filing Annual accounts filed
financial year 2015 · full format · 31 days late
2015
28-08
NBB filing Annual accounts filed
financial year 2014 · full format · 28 days late
2014
27-08
NBB filing Annual accounts filed
financial year 2013 · full format · 27 days late
2013
30-08
NBB filing Annual accounts filed
financial year 2012 · full format · 30 days late
2012
22-05
NBB filing Annual accounts filed
financial year 2011 · full format
SignalFinancial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 29 annual accounts filed, the latest 10 are here; all 29 are under Financials.
0 of 6 deeds read
About the unread acts

We know of 6 Belgian Official 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.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

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