BELFINA
Open bankruptcyA bankruptcy procedure is open for BELFINA according to publications in the Belgian State Gazette; curator: LIESBETH TOMMELEIN. The 2021 annual accounts show negative equity (€-32k) and a net result of €-16k.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2021, micro schema
Equity
€-32k▼ 104%
2020 · €-16k
2019: €8k
2020: €-16k
2019 → 2021
Total assets
€28k▲ 155%
2020 · €11k
2019: €36k
2020: €11k
2019 → 2021
Net result
€-16k▲ 30.3%
2020 · €-23k
2019: €10k
2020: €-23k
2019 → 2021
Working capital
€-54k▼ 212%
2020 · €-17k
2019: €8k
2020: €-17k
2019 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202021Trend
Equity€8k-€-16k€-32k▼ 104%
Operating result€12k-€-22k€-21k▲ 3.4%
Net result€10k-€-23k€-16k▲ 30.3%
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 €21k in 2021 against €22k in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €28k
Fixed assets
€26k▲ 350%
Current assets
€2k▼ 64.2%
Key figures and ratios
EBITDA
€-16k▲
2020 · €-20k
Cash flow
€-12k▲
2020 · €-22k
Solvency
-113.0%▲
2020 · -141.4%
Current ratio
0.03▼
2020 · 0.23
Quick ratio
0.01▼
2020 · 0.18
Debt / equity
-0.13▲
2020 · -0.27
ROE
50.9%▼
2020 · 148.5%
ROA
-57.5%▲
2020 · -210.0%
Debt
€60k▲
2020 · €27k
Debt ≤ 1 year
€56k▲
2020 · €22k
Debt > 1 year
€4k=
2020 · €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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€11k€28k▲
Fixed assets21/28€6k€26k▲
Intangible fixed assets21-€23k
Tangible fixed assets22/27€6k€4k▼
Current assets29/58€5k€2k▼
Stocks and contracts in progress3€1k€1k=
Amounts receivable within one year40/41€3k€152▼
Cash at bank and in hand54/58€528€461▼
Equity and liabilities
Total equity and liabilities10/49€11k€28k▲
Equity10/15€-16k€-32k▼
Contributions10/11€8k€8k=
Profit (loss) carried forward14€-23k€-39k▼
Amounts payable17/49€27k€60k▲
Amounts payable after more than one year17€4k€4k=
Amounts payable within one year42/48€22k€56k▲
Trade debts44€14k€2k▼
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€5k▲
Gross operating margin9900€-19k€-16k▲
Operating profit (loss)9901€-22k€-21k▲
Recurring financial income75€15-
Recurring financial charges65€2k€502▼
Profit (loss) for the period before taxes9903€-23k€-16k▲
Income taxes67/77€61-
Profit (loss) for the period9904€-23k€-16k▲
Profit (loss) for the period to be appropriated9905€-23k€-16k▲
Timeline · acts, filings and financial milestones
2022
28-12
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Oostende · BELFINA BV ICHTEGEM- STRAAT 18, 8610 KORTEMARK · event 15-12-2022
17-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 109 days late
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Weakest financial yearnet €-23k ▼329%
Net result drops to €-23k, the lowest in the series.
2019
10-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 40 days late
28-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 89 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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
Registered office, Kortemark · 1 establishment unit since 2017
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.
Ichtegemstraat 188610 KortemarkGround area
663 m²
Building footprint
201 m²
Volume, LiDAR
926 m³
Parcel 32011C0822/00M002, Flanders · tallest building 8.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Hapkin
since 20172.264.824.789
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32011C0822/00M002 | Flanders | 663 m² | 1 · 201 m² | 8.8 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LIESBETH TOMMELEIN RIETSTRAAT 11,
8400 OOSTENDE |
15-12-2022 → present |
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Of 20,232 companies in sector 56111 we hold annual accounts for 11,312. 6,128 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded28-03-2017
Fiscal year end31-03
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.