B'ELLE
InactiveSignals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-09-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
30-09-2023 close30-04-2024 deadline01-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2022 was due by 30-04-2023 and was filed on 10-03-2023, 51 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2022
51 d early
2021
25 d early
2020
8 d late
2019
8 d early
2018
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 15 days before the deadline; the Belgian median for financial year 2022 is 3 days before the deadline, and 42% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2022, micro schema
Equity
-€571▲ 96.7%
2021 · -€17,046
Total assets
€156,392▲ 41.0%
2021 · €110,880
Net result
€4,075
2021 · -€4,993
Working capital
€55,141
2021 · -€32,347
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2019202020212022
Operating result€3,155-€7,955▲ 152%-€1,581€9,870
Net result€574--€440-€4,993▼ 1,034%€4,075
Equity-€11,613--€12,053▼ 3.8%-€17,046▼ 41.4%-€571▲ 96.7%
Total assets€84,723-€99,439▲ 17.4%€110,880▲ 11.5%€156,392▲ 41.0%
Debt€96,336-€111,492▲ 15.7%€127,926▲ 14.7%€156,963▲ 22.7%
Working capital-€41,916--€35,108▲ 16.2%-€32,347▲ 7.9%€55,141
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2022: €9,870 after a loss of €1,581 in 2021, the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €156,392
Fixed assets
€7,548 ▼ 50.7%
Current assets
€148,845 ▲ 55.7%
Equity and liabilities
Equity-€571
Debt€156,963
Equity is negative: debt (€156,963) exceeds the balance-sheet total (€156,392).
Key figures and ratios
EBITDA
€17,624▲
2021 · €6,173
Cash flow
€11,829▲
2021 · €2,761
Solvency
-0.4%▲
2021 · -15.4%
Current ratio
1.59▲
2021 · 0.75
Quick ratio
0.39▲
2021 · 0.29
ROA
2.6%▲
2021 · -4.5%
Interest coverage
4.89▲
2021 · 2.69
Debt ≤ 1 year
€93,704▼
2021 · €127,926
Debt > 1 year
€63,259
Income taxes
€2,299▲
2021 · €1,120
Equity ratios withheld: equity of -€571 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €10,860 | - |
| Remuneration, social security and pensions62 | - | - | €1,899 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,883 | €7,867 | €7,754 | €7,754 | = |
| Other operating charges640/8 | - | - | €2,687 | €1,720 | ▼ 36.0% |
| Gross operating margin9900 | €17,183 | €21,075 | €10,758 | €19,344 | ▲ 79.8% |
| Operating profit (loss)9901 | €3,155 | €7,955 | -€1,581 | €9,870 | ▲ 724% |
| Financial income75/76B | - | - | €3 | €110 | ▲ 4,027% |
| Recurring financial income75 | €4 | €149 | €3 | €110 | ▲ 4,027% |
| Financial charges65/66B | - | - | €2,295 | €3,606 | ▲ 57.2% |
| Recurring financial charges65 | €2,071 | €6,752 | €2,295 | €3,606 | ▲ 57.2% |
| Profit (loss) for the period before taxes9903 | €1,088 | €1,352 | -€3,873 | €6,374 | ▲ 265% |
| Income taxes67/77 | €513 | €1,793 | €1,120 | €2,299 | ▲ 105% |
| Profit (loss) for the period9904 | €574 | -€440 | -€4,993 | €4,075 | ▲ 182% |
| Profit (loss) for the period to be appropriated9905 | €574 | -€440 | -€4,993 | €4,075 | ▲ 182% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €84,723 | €99,439 | €110,880 | €156,392 | ▲ 41.0% |
| Fixed assets21/28 | €30,303 | €23,055 | €15,301 | €7,548 | ▼ 50.7% |
| Tangible fixed assets22/27 | €30,303 | €23,055 | €15,301 | €7,548 | ▼ 50.7% |
| Furniture and vehicles24 | - | - | €15,301 | €7,548 | ▼ 50.7% |
| Current assets29/58 | €54,420 | €76,384 | €95,579 | €148,845 | ▲ 55.7% |
| Stocks and contracts in progress3 | €43,349 | €70,452 | €58,852 | €112,085 | ▲ 90.5% |
| Stocks30/36 | - | - | €58,852 | €112,085 | ▲ 90.5% |
| Amounts receivable within one year40/41 | €726 | €160 | €32,275 | €30,695 | ▼ 4.9% |
| Trade receivables40 | - | - | €30,432 | €30,432 | = |
| Other amounts receivable41 | - | - | €1,844 | €263 | ▼ 85.7% |
| Cash at bank and in hand54/58 | €10,346 | €5,772 | €4,452 | €6,065 | ▲ 36.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €84,723 | €99,439 | €110,880 | €156,392 | ▲ 41.0% |
| Equity10/15 | -€11,613 | -€12,053 | -€17,046 | -€571 | ▲ 96.7% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €18,600 | ▲ 200% |
| Outside capital11 | - | - | €6,200 | €18,600 | ▲ 200% |
| Other1109/19 | - | - | €6,200 | €18,600 | ▲ 200% |
| Profit (loss) carried forward14 | -€17,813 | -€18,253 | -€23,246 | -€19,171 | ▲ 17.5% |
| Amounts payable17/49 | €96,336 | €111,492 | €127,926 | €156,963 | ▲ 22.7% |
| Amounts payable after more than one year17 | - | - | - | €63,259 | - |
| Other amounts payable178/9 | - | - | - | €63,259 | - |
| Amounts payable within one year42/48 | €96,336 | €111,492 | €127,926 | €93,704 | ▼ 26.8% |
| Trade debts44 | €7,602 | €15,181 | €6,981 | €23,791 | ▲ 241% |
| Suppliers440/4 | - | - | €6,981 | €23,791 | ▲ 241% |
| Taxes, remuneration and social security45 | - | - | €16,507 | €69,913 | ▲ 324% |
| Taxes450/3 | - | - | €16,507 | €69,913 | ▲ 324% |
| Other amounts payable47/48 | - | - | €104,439 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €574 | -€440 | -€4,993 | €4,075 | ▲ 182% |
| + Depreciation and write-downs630 | €7,883 | €7,867 | €7,754 | €7,754 | = |
| Operating cash flow (approximation) | €8,458 | €7,426 | €2,761 | €11,829 | ▲ 328% |
| Investment in fixed assets (approximation) | - | -€619 | €0 | €0 | - |
| Change in cash | - | -€4,574 | -€1,320 | €1,613 | ▲ 222% |
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
02-12
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 26-11-2024
2023
14-11
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 07-11-2023
10-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €4,075
Net result €4,075 after 2 loss-making years.
30-09
Financial
Liquidity doublescurrent ratio 1.59
Current ratio from 0.75 to 1.59; short-term debt falls from €127,926 to €93,704.
05-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet -€4,993
Net result drops to -€4,993, the lowest in the series.
08-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 8 days late
2020
22-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JAN BRAECKMANS Grote Steenweg 417, 2600 Berchem (Antwerpen) |
07-11-2023 → 26-11-2024 |