ASR GROUP
Open bankruptcyA bankruptcy procedure is open for ASR GROUP according to publications in the Belgian State Gazette; curator: BARBARA HEYSSE.
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 · 4 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 19-08-2021, 19 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
19 d late
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Equity
€13k▼ 35.1%
2019 · €21k
2018: €6k
2019: €21k
2018 → 2020
Total assets
€38k▼ 0.4%
2019 · €38k
2018: €26k
2019: €38k
2018 → 2020
Net result
€-7k
2019 · €9k
2018: €-8k
2019: €9k
2018 → 2020
Working capital
€13k▼ 35.3%
2019 · €20k
2018: €2k
2019: €20k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€6k-€21k▲ 261%€13k▼ 35.1%
Operating result€-7k-€9k€-7k
Net result€-8k-€9k€-7k
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 €7k after €9k in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €38k
Fixed assets
€455 ▼ 27.8%
Current assets
€37k ▲ 0.1%
Equity and liabilities €38k
Equity
€13k ▼ 35.1%
Debt
€24k ▲ 42.2%
Debt's share of the balance-sheet total rises from 44.9% to 64.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-7k▼
2019 · €12k
Cash flow
€-7k▼
2019 · €12k
Current ratio
1.54▼
2019 · 2.19
Quick ratio
0.71▼
2019 · 1.22
ROE
-54.1%▼
2019 · 42.5%
ROA
-19.4%▼
2019 · 23.4%
Debt ≤ 1 year
€24k▲
2019 · €17k
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 · 24 lines
Balance sheet
Code20192020
Assets
Total assets20/58€38k€38k▼
Fixed assets21/28€630€455▼
Tangible fixed assets22/27€380€205▼
Financial fixed assets28€250€250=
Current assets29/58€37k€37k▲
Stocks and contracts in progress3€17k€20k▲
Amounts receivable within one year40/41€12k€9k▼
Cash at bank and in hand54/58€9k€9k▼
Equity and liabilities
Total equity and liabilities10/49€38k€38k▼
Equity10/15€21k€13k▼
Contributions10/11€12k€12k=
Reserves13€250€750▲
Profit (loss) carried forward14€8k€339▼
Amounts payable17/49€17k€24k▲
Amounts payable within one year42/48€17k€24k▲
Trade debts44€2k€3k▲
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€175▼
Gross operating margin9900€13k€-5k▼
Operating profit (loss)9901€9k€-7k▼
Recurring financial income75-€5
Recurring financial charges65€271€224▼
Profit (loss) for the period before taxes9903€9k€-7k▼
Profit (loss) for the period9904€9k€-7k▼
Profit (loss) for the period to be appropriated9905€9k€-7k▼
Timeline · acts, filings and financial milestones
2024
04-12
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · ASR GROUP BV IN VEREFFE- NING FRANS BEIRENSLAAN 177/2, 2150 BORSBEEK (ANTW.) · event 28-11-2024
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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 | BARBARA HEYSSE ESMOREITLAAN 5,
2050 ANTWERPEN 5 |
28-11-2024 → present |