B2B FOODS, AFGEKORT : E.B.C.
InactiveB2B FOODS, AFGEKORT : E.B.C. was declared bankrupt on 22-01-2024 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed for insufficient assets by judgment of 03-06-2024, published in the Belgian State Gazette on 07-06-2024.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four 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 31-12-2022, 4 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 · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline22-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 29-04-2022, 93 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
93 d early
2020
24 d late
2019
208 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Turnover
€3k▼ 86.7%
2018 · €20k
2018: €20k
2018 → 2019
EBIT margin
-763.9%▼ 735.9pp
2018 · -28.0%
2018: -28.0%
2018 → 2019
Net result
€22k
2020 · €-24k
2018: €-6k
2019: €-24k
2020: €-24k
2018 → 2021
Working capital
€-194k▼ 200%
2020 · €-65k
2018: €36k
2020: €-65k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€20k-€3k▼ 86.7%
Equity€36k-€12k▼ 66.0%€-12k€11k
Operating result€-6k-€-20k▼ 263%€-24k▼ 16.5%€23k
Net result€-6k-€-24k▼ 320%€-24k▲ 0.4%€22k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €23k after a loss of €24k in 2020, the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €222k
Fixed assets
€205k▲ 285%
Current assets
€17k▼ 36.8%
Equity and liabilities €222k
Equity
€11k
Debt
€211k
Debt finances 95.2% of the balance-sheet total.
Key figures and ratios
EBITDA
€34k
Cash flow
€33k
Solvency
4.8%▲
2020 · -14.4%
Current ratio
0.08▼
2020 · 0.30
Quick ratio
0.02▼
2020 · 0.30
Debt / equity
19.68
ROE
207.5%
ROA
10.0%▲
2020 · -29.8%
Interest coverage
30.35
Debt
€211k▲
2020 · €92k
Debt ≤ 1 year
€211k▲
2020 · €92k
Staff costs
€47k
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€80k€222k▲
Fixed assets21/28€53k€205k▲
Intangible fixed assets21-€2k
Tangible fixed assets22/27€53k€192k▲
Land and buildings22-€53k
Plant, machinery and equipment23-€114k
Furniture and vehicles24-€6k
Leasing and similar rights25-€19k
Financial fixed assets28-€11k
Current assets29/58€27k€17k▼
Stocks and contracts in progress3-€13k
Stocks30/36-€13k
Amounts receivable within one year40/41€17k€4k▼
Trade receivables40-€4k
Cash at bank and in hand54/58€7k€948▼
Equity and liabilities
Total equity and liabilities10/49€80k€222k▲
Equity10/15€-12k€11k▲
Contributions10/11-€6k
Reserves13€6k€6k=
Distributable reserves133-€6k
Profit (loss) carried forward14€-24k€-2k▲
Amounts payable17/49€92k€211k▲
Amounts payable within one year42/48€92k€211k▲
Financial debts43-€32k
Other loans439-€32k
Trade debts44€80k€179k▲
Suppliers440/4-€179k
Taxes, remuneration and social security45-€629
Taxes450/3-€629
Income statement
Code20202021
Remuneration, social security and pensions62-€47k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€11k
Other operating charges640/8-€1k
Gross operating margin9900€-16k€83k▲
Operating profit (loss)9901€-24k€23k▲
Financial income75/76B-€50
Recurring financial income75€23€50▲
Financial charges65/66B-€1k
Recurring financial charges65€390€1k▲
Profit (loss) for the period before taxes9903€-24k€22k▲
Profit (loss) for the period9904€-24k€22k▲
Profit (loss) for the period to be appropriated9905€-24k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-2k
Profit (loss) brought forward from the previous period14P-€-24k
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
07-06
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Dendermonde · B2B FOODS BV BRAKELSESTEENWEG 239, 9406 OUTER · event 03-06-2024
26-01
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · B2B FOODS BV BRAKELSE- STEENWEG 239, 9406 OUTER · event 22-01-2024
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €22k
Net result €22k after 3 loss-making years.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
24-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 208 days late
2020
04-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 217 days late
2019
31-12
Financial
Weakest financial yearnet €-24k
Net result drops to €-24k, the lowest in the series.
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 61 days late
24-02
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 208 days late
24-02
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 574 days late
24-02
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 939 days late
2014
06-01
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 159 days late
2012
29-11
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 121 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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 | MARGA PIETERS AFFLIGEMDREEF 144, 9300 AALST- |
22-01-2024 → present |
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 4,720 EUR awarded · 4,720 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 4,720 EUR | 4,720 EUR |
Schemes
Hinderpremie bij openbare werken