AUTOPARTS PLUS COPPENS

Open bankruptcy

Private limited company (pre-2019)founded 1995Walderdonk 91A, 9185 Lochristi, BelgiumKBO/BCE: BE 0454.576.939

A bankruptcy procedure is open for AUTOPARTS PLUS COPPENS according to publications in the Belgian State Gazette; curator: JAN DE POORTER. The 2020 annual accounts show equity of €19k and a net result of €-13k.

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Signals

Three signals.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2020, micro schema

Equity

€19k

2019 · €-160k

2018: €-119k 2019: €-160k

2018 → 2020

Total assets

€375k▼ 8.4%

2019 · €409k

2018: €448k 2019: €409k

2018 → 2020

Net result

€-13k▲ 67.8%

2019 · €-41k

2018: €-15k 2019: €-41k

2018 → 2020

Working capital

€208k▲ 637%

2019 · €28k

2018: €71k 2019: €28k

2018 → 2020

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line201820192020Trend

Equity€-119k-€-160k▼ 34.3%€19k

Operating result€-14k-€-36k▼ 152%€-14k▲ 62.0%

Net result€-15k-€-41k▼ 165%€-13k▲ 67.8%

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 €14k in 2020 against €36k in 2019; the loss shrinks.

Balance-sheet composition

Equity and liabilities €375k

95.0%

Equity €19k

Debt €356k

Debt finances 95.0% of the balance-sheet total.

Key figures and ratios

2020 value · change against 2019

EBITDA

€-13k▲

2019 · €-35k

Cash flow

€-12k▲

2019 · €-40k

Solvency

5.0%▲

2019 · -39.0%

Current ratio

2.25▲

2019 · 1.07

Quick ratio

0.06▼

2019 · 0.11

Debt / equity

10.21▲

2019 · -1.18

ROE

-70.6%

ROA

-3.5%▲

2019 · -10.0%

Debt

€356k▼

2019 · €568k

Debt ≤ 1 year

€166k▼

2019 · €380k

Debt > 1 year

€190k▲

2019 · €188k

Income taxes

€-2k▼

2019 · €4k

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€409k€375k▼

Fixed assets21/28€633-

Tangible fixed assets22/27€633-

Current assets29/58€408k€375k▼

Stocks and contracts in progress3€366k€365k▼

Amounts receivable within one year40/41€43k€9k▼

Cash at bank and in hand54/58-€117

Equity and liabilities

Total equity and liabilities10/49€409k€375k▼

Equity10/15€-160k€19k▲

Contributions10/11€19k-

Profit (loss) carried forward14€-178k€-137k▲

Amounts payable17/49€568k€356k▼

Amounts payable after more than one year17€188k€190k▲

Amounts payable within one year42/48€380k€166k▼

Trade debts44-€19k

Income statement Code20192020

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€719€633▼

Gross operating margin9900€-32k€-11k▲

Operating profit (loss)9901€-36k€-14k▲

Recurring financial income75€4€6▲

Recurring financial charges65€860€1k▲

Profit (loss) for the period before taxes9903€-37k€-15k▲

Income taxes67/77€4k€-2k▼

Profit (loss) for the period9904€-41k€-13k▲

Profit (loss) for the period to be appropriated9905€-41k€-13k▲

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Timeline · acts, filings and financial milestones

All 13Signals 1Financial 2Filings 10

2023

19-07

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Gent · AUTOPARTS PLUS COPPENS BV WALDERDONK 91A, 9185 WACHTEBEKE · event 11-07-2023

2022

03-01

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 156 days late

2021

19-12

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 506 days late

13-12

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 866 days late

04-12

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 1222 days late

2020

31-12

Financial Liquidity doublescurrent ratio 2.25

Current ratio from 1.07 to 2.25; short-term debt falls from €380k to €166k.

2019

31-12

Financial Weakest financial yearnet €-41k

Net result drops to €-41k, the lowest in the series.

2018

08-05

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 281 days late

2016

22-09

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 53 days late

2015

22-12

NBB filing Annual accounts filed

fiscal year 2014 · abbreviated schema · 144 days late

09-04

NBB filing Annual accounts filed

fiscal year 2013 · abbreviated schema · 252 days late

2013

19-07

NBB filing Annual accounts filed

fiscal year 2012 · abbreviated schema

2012

12-06

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

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

Location & real-estate footprint

Registered office, Lochristi · 1 establishment unit since 1995

establishment The establishment unit on the map

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.

Walderdonk 91A9185 Lochristi

Ground area

1,775 m²

Building footprint

505 m²

Volume, LiDAR

2,328 m³