BELDOVAR
InactiveBELDOVAR was declared bankrupt on 20-09-2022 (Ondernemingsrechtbank Gent, afdeling Kortrijk); the bankruptcy was closed for insufficient assets by judgment of 26-03-2024, published in the Belgian State Gazette on 02-04-2024.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
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 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 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 31-08-2022, 31 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
31 d late
2020
228 d late
2019
593 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 284 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, micro schema
Equity
-€1.5m=
2020 · -€1.5m
Total assets
€348,738=
2020 · €348,729
Net result
-€46▲ 97.4%
2020 · -€1,750
Working capital
-€1.5m=
2020 · -€1.5m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result€51,527--€902-€1,665▼ 84.6%
Net result€51,088--€1,319-€1,750▼ 32.7%-€46▲ 97.4%
Equity-€1.5m--€1.5m▼ 0.1%-€1.5m▼ 0.1%-€1.5m=
Total assets€348,754-€348,735=€348,729=€348,738=
Debt€1.9m-€1.9m▲ 0.1%€1.9m▲ 0.1%€1.9m=
Working capital-€1.5m--€1.5m▼ 0.1%-€1.5m▼ 0.1%-€1.5m=
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 €1,665 in 2020 against €902 in 2019; the loss grows and 2020 has the lowest result in the available series.
Key figures and ratios
Solvency
-443.2%=
2020 · -443.2%
Current ratio
0.18=
2020 · 0.18
Debt to equity
-1.23
ROA
0.0%▲
2020 · -0.5%
Debt ≤ 1 year
€1.9m=
2020 · €1.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Gross operating margin9900 | €58,375 | -€303 | -€1,064 | - | - |
| Operating profit (loss)9901 | €51,527 | -€902 | -€1,665 | - | - |
| Financial charges65/66B | - | - | - | €46 | - |
| Recurring financial charges65 | €439 | €417 | €85 | €46 | ▼ 46.1% |
| Profit (loss) for the period before taxes9903 | €51,088 | -€1,319 | -€1,750 | -€46 | ▲ 97.4% |
| Profit (loss) for the period9904 | €51,088 | -€1,319 | -€1,750 | -€46 | ▲ 97.4% |
| Profit (loss) for the period to be appropriated9905 | €51,088 | -€1,319 | -€1,750 | -€46 | ▲ 97.4% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €348,754 | €348,735 | €348,729 | €348,738 | = |
| Current assets29/58 | €348,754 | €348,735 | €348,729 | €348,738 | = |
| Amounts receivable within one year40/41 | €348,679 | €348,679 | €348,679 | €348,679 | = |
| Other amounts receivable41 | - | - | - | €348,679 | - |
| Cash at bank and in hand54/58 | €75 | €56 | €50 | €59 | ▲ 17.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €348,754 | €348,735 | €348,729 | €348,738 | = |
| Equity10/15 | -€1.5m | -€1.5m | -€1.5m | -€1.5m | = |
| Contributions10/11 | €30,987 | - | - | €30,987 | - |
| Profit (loss) carried forward14 | -€1.6m | -€1.6m | -€1.6m | -€1.6m | = |
| Amounts payable17/49 | €1.9m | €1.9m | €1.9m | €1.9m | = |
| Amounts payable within one year42/48 | €1.9m | €1.9m | €1.9m | €1.9m | = |
| Trade debts44 | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Suppliers440/4 | - | - | - | €1.4m | - |
| Other amounts payable47/48 | - | - | - | €520,706 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51,088 | -€1,319 | -€1,750 | -€46 | ▲ 97.4% |
| Operating cash flow (approximation) | €51,088 | -€1,319 | -€1,750 | -€46 | ▲ 97.4% |
| Change in cash | - | -€19 | -€6 | €9 | ▲ 256% |
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
02-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 26-03-2024
2022
26-09
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 20-09-2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
16-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 228 days late
16-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 593 days late
2020
31-12
Financial
Weakest financial yearnet -€1,750
Net result drops to -€1,750, the lowest in the series.
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 488 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 184 days late
2017
24-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 177 days late
2016
05-01
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 158 days late
2015
28-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 362 days late
2013
19-07
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | VIRGINIE BAILLEUL PRINSESSESTRAAT 103,
8870 IZEGEM |
20-09-2022 → 26-03-2024 |