BLADEK
InactiveBLADEK was declared bankrupt on 19-09-2023 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed by liquidation by judgment of 09-07-2024, published in the Belgian State Gazette on 12-07-2024.
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
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 05-07-2023, 339 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
339 d late
2020
1 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 113 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
€34,700▲ 51.0%
2020 · €22,979
Total assets
€37,658▲ 19.4%
2020 · €31,527
Net result
€11,722▲ 354%
2020 · €2,583
Working capital
€32,010▲ 73.3%
2020 · €18,475
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€5,304-€690▼ 87.0%€2,887▲ 318%€14,104▲ 388%
Net result€4,161-€293▼ 93.0%€2,583▲ 783%€11,722▲ 354%
Equity€20,103-€20,395▲ 1.5%€22,979▲ 12.7%€34,700▲ 51.0%
Total assets€23,580-€26,764▲ 13.5%€31,527▲ 17.8%€37,658▲ 19.4%
Debt€3,477-€6,368▲ 83.1%€8,548▲ 34.2%€2,957▼ 65.4%
Working capital€15,458-€13,853▼ 10.4%€18,475▲ 33.4%€32,010▲ 73.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2019 the operating result has climbed two years in a row; 2021 is 388% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €37,658
Fixed assets
€2,691 ▼ 41.7%
Current assets
€34,967 ▲ 29.9%
Equity and liabilities €37,658
Equity
€34,700 ▲ 51.0%
Debt
€2,957 ▼ 65.4%
Debt's share of the balance-sheet total falls from 27.1% to 7.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€16,030▲
2020 · €4,813
Cash flow
€13,647▲
2020 · €4,509
Current ratio
11.82▲
2020 · 3.19
Debt to equity
0.09
ROE
33.8%▲
2020 · 11.2%
ROA
31.1%▲
2020 · 8.2%
Interest coverage
15.33
Debt ≤ 1 year
€2,957▼
2020 · €8,436
Income taxes
€1,337▲
2020 · €43
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 |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,191 | €1,926 | €1,926 | €1,926 | = |
| Other operating charges640/8 | - | - | - | €933 | - |
| Gross operating margin9900 | €7,517 | €3,736 | €5,459 | €16,963 | ▲ 211% |
| Operating profit (loss)9901 | €5,304 | €690 | €2,887 | €14,104 | ▲ 388% |
| Financial income75/76B | - | - | - | €1 | - |
| Recurring financial income75 | €35 | €2 | - | €1 | - |
| Financial charges65/66B | - | - | - | €1,046 | - |
| Recurring financial charges65 | €264 | €222 | €261 | €1,046 | ▲ 300% |
| Profit (loss) for the period before taxes9903 | €5,076 | €470 | €2,626 | €13,059 | ▲ 397% |
| Income taxes67/77 | €915 | €177 | €43 | €1,337 | ▲ 3,034% |
| Profit (loss) for the period9904 | €4,161 | €293 | €2,583 | €11,722 | ▲ 354% |
| Profit (loss) for the period to be appropriated9905 | €4,161 | €293 | €2,583 | €11,722 | ▲ 354% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €23,580 | €26,764 | €31,527 | €37,658 | ▲ 19.4% |
| Fixed assets21/28 | €4,645 | €6,542 | €4,616 | €2,691 | ▼ 41.7% |
| Tangible fixed assets22/27 | €4,645 | €6,542 | €4,616 | €2,691 | ▼ 41.7% |
| Plant, machinery and equipment23 | - | - | - | €1,561 | - |
| Furniture and vehicles24 | - | - | - | €1,129 | - |
| Current assets29/58 | €18,935 | €20,221 | €26,910 | €34,967 | ▲ 29.9% |
| Stocks and contracts in progress3 | €500 | €500 | €500 | - | - |
| Amounts receivable within one year40/41 | €16,254 | €7,798 | €21,189 | €31,944 | ▲ 50.8% |
| Trade receivables40 | - | - | - | €9,248 | - |
| Other amounts receivable41 | - | - | - | €22,696 | - |
| Cash at bank and in hand54/58 | €2,181 | €11,102 | €4,404 | €3,023 | ▼ 31.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €23,580 | €26,764 | €31,527 | €37,658 | ▲ 19.4% |
| Equity10/15 | €20,103 | €20,395 | €22,979 | €34,700 | ▲ 51.0% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | -€357 | -€65 | €2,519 | €14,240 | ▲ 465% |
| Amounts payable17/49 | €3,477 | €6,368 | €8,548 | €2,957 | ▼ 65.4% |
| Amounts payable within one year42/48 | €3,477 | €6,368 | €8,436 | €2,957 | ▼ 64.9% |
| Trade debts44 | - | - | €6,773 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €2,957 | - |
| Taxes450/3 | - | - | - | €2,957 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,161 | €293 | €2,583 | €11,722 | ▲ 354% |
| + Depreciation and write-downs630 | €1,191 | €1,926 | €1,926 | €1,926 | = |
| Operating cash flow (approximation) | €5,352 | €2,218 | €4,509 | €13,647 | ▲ 203% |
| Investment in fixed assets (approximation) | - | -€3,823 | €0 | €0 | - |
| Change in cash | - | €8,921 | -€6,698 | -€1,381 | ▲ 79.4% |
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
12-07
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Gent · event 09-07-2024
2023
25-09
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 19-09-2023
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 339 days late
2021
31-12
Financial
Highest result since 2018net €11,722 ▲354%
Operating result €14,104, net result €11,722, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 11.82
Current ratio from 3.19 to 11.82; short-term debt falls from €8,436 to €2,957.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €293 ▼93%
Net result drops to €293, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Show earlier events
2014
07-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
05-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 5 days late
2012
03-10
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 64 days late
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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 | HILDE DE BOEVER BRUSSELSESTEENWEG 346 C BUS 1,
9090 MELLE |
19-09-2023 → 09-07-2024 |