ARO-TRAVEL
InactiveARO-TRAVEL was declared bankrupt on 10-05-2022 (Ondernemingsrechtbank Antwerpen, afdeling Turnhout); the bankruptcy was closed by liquidation by judgment of 07-11-2023, published in the Belgian State Gazette on 13-11-2023.
No longer registered with the KBO; last annual accounts for fiscal year 2020.
Signals
Four 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 · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline22-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 22-06-2021, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
39 d early
2019
217 d late
← before the deadline
after the deadline →
Financials · fiscal year 2020, micro schema
Equity
€16k▼ 64.4%
2019 · €45k
2018: €-10k
2019: €45k
2018 → 2020
Total assets
€78k▼ 18.0%
2019 · €95k
2018: €239k
2019: €95k
2018 → 2020
Net result
€-29k
2019 · €105k
2018: €-113k
2019: €105k
2018 → 2020
Working capital
€27k▼ 52.5%
2019 · €57k
2018: €-165k
2019: €57k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€-10k-€45k€16k▼ 64.4%
Operating result€-102k-€125k€-29k
Net result€-113k-€105k€-29k
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 €29k after €125k in 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €78k
Fixed assets
€13k▲ 8.6%
Current assets
€65k▼ 21.8%
Equity and liabilities €78k
Equity
€16k▼ 64.4%
Debt
€62k▲ 23.1%
The debt ratio rises from 53.1% to 79.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-28k▼
2019 · €128k
Cash flow
€-28k▼
2019 · €108k
Solvency
20.3%▼
2019 · 46.9%
Current ratio
1.71▼
2019 · 3.14
Quick ratio
1.71▼
2019 · 3.14
Debt / equity
1.51▲
2019 · 0.54
ROE
-181.1%▼
2019 · 235.0%
ROA
-36.8%▼
2019 · 110.2%
Debt
€62k▲
2019 · €51k
Debt ≤ 1 year
€38k▲
2019 · €27k
Debt > 1 year
€24k=
2019 · €24k
Income taxes
€116▼
2019 · €117
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 · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€95k€78k▼
Fixed assets21/28€12k€13k▲
Tangible fixed assets22/27€2k€3k▲
Financial fixed assets28€10k€10k=
Current assets29/58€83k€65k▼
Amounts receivable within one year40/41€15k€16k▲
Cash at bank and in hand54/58€68k€49k▼
Equity and liabilities
Total equity and liabilities10/49€95k€78k▼
Equity10/15€45k€16k▼
Reserves13€25k€2k▼
Profit (loss) carried forward14€1k€-5k▼
Amounts payable17/49€51k€62k▲
Amounts payable after more than one year17€24k€24k=
Amounts payable within one year42/48€27k€38k▲
Trade debts44€1k€18k▲
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€1k▼
Gross operating margin9900€128k€-26k▼
Operating profit (loss)9901€125k€-29k▼
Recurring financial income75-€418
Recurring financial charges65€3k€313▼
Profit (loss) for the period before taxes9903€105k€-29k▼
Income taxes67/77€117€116▼
Profit (loss) for the period9904€105k€-29k▼
Profit (loss) for the period to be appropriated9905€105k€-29k▼
Timeline · acts, filings and financial milestones
2023
13-11
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · ARO-TRAVEL BV DIAMANTSTRAAT 8/275, 2200 HERENTALS · event 07-11-2023
2022
16-05
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · ARO-TRAVEL BV DIAMANT- STRAAT 8/275, 2200 HERENTALS · event 10-05-2022
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
05-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 217 days late
2019
31-12
Financial
Back to profitnet €105k
Net result €105k after one loss-making year.
31-12
Financial
Liquidity times 9current ratio 3.14
Current ratio from 0.33 to 3.14; short-term debt falls from €247k to €27k.
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
05-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
21-04
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
20-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
29-03
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
17-04
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
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
3 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | KRISTOF BENIJTS LIERSEWEG 271-273,
2200 HERENTALS |
10-05-2022 → present |
| Curator | PHILIP SOMERS LIER-
SEWEG 271-273, 2200 HERENTALS |
10-05-2022 → present |
| Curator | VEERLE
VERHAEGEN STEENWEG OP ZEVENDONK 60, 2300 TURNHOUT- |
10-05-2022 → present |
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 4,918 EUR awarded · 4,918 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 4,918 EUR | 4,918 EUR |
Schemes
Vlaams Beschermingsmechanisme 11 (stopgezet)