BORLOCO
InactiveBORLOCO was declared bankrupt on 12-04-2022 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed by liquidation by judgment of 25-06-2024, published in the Belgian State Gazette on 31-07-2024.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 07-06-2021, 54 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
54 d early
2019
21 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 17 days before 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 2020, abbreviated schema
Equity
-€73,670▼ 72.4%
2019 · -€42,743
Total assets
€331,092▼ 11.4%
2019 · €373,689
Net result
-€30,927▲ 52.1%
2019 · -€64,515
Working capital
-€174,366▼ 15.6%
2019 · -€150,882
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
Line201820192020
Operating result€7,469--€53,486-€23,636▲ 55.8%
Net result€1,984--€64,515-€30,927▲ 52.1%
Equity€46,772--€42,743-€73,670▼ 72.4%
Total assets€445,598-€373,689▼ 16.1%€331,092▼ 11.4%
Debt€398,826-€416,431▲ 4.4%€404,762▼ 2.8%
Working capital-€55,196--€150,882▼ 173%-€174,366▼ 15.6%
Staff (FTE)4.1-3.8▼ 7.3%3.4▼ 10.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €23,636 in 2020 against €53,486 in 2019; the loss shrinks.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €331,092
Fixed assets
€100,696 ▼ 21.8%
Current assets
€230,396 ▼ 5.9%
Key figures and ratios
EBITDA
€10,592▲
2019 · -€19,156
Cash flow
€3,301▲
2019 · -€30,185
Solvency
-22.3%▼
2019 · -11.4%
Current ratio
0.57▼
2019 · 0.62
Quick ratio
0.18▼
2019 · 0.24
Debt to equity
0.00▲
2019 · -0.48
ROA
-9.3%▲
2019 · -17.3%
Debt ≤ 1 year
€404,762▲
2019 · €395,741
Debt > 1 year
€0▼
2019 · €20,690
Income taxes
-€10▼
2019 · €3
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,605 | €34,330 | €34,228 | ▼ 0.3% |
| Gross operating margin9900 | €169,759 | €104,338 | €110,004 | ▲ 5.4% |
| Operating profit (loss)9901 | €7,469 | -€53,486 | -€23,636 | ▲ 55.8% |
| Recurring financial income75 | €4,602 | €37 | €0 | ▼ 99.9% |
| Recurring financial charges65 | €10,091 | €11,062 | €7,301 | ▼ 34.0% |
| Profit (loss) for the period before taxes9903 | €1,979 | -€64,511 | -€30,937 | ▲ 52.0% |
| Income taxes67/77 | -€5 | €3 | -€10 | ▼ 404% |
| Profit (loss) for the period9904 | €1,984 | -€64,515 | -€30,927 | ▲ 52.1% |
| Profit (loss) for the period to be appropriated9905 | €1,984 | -€64,515 | -€30,927 | ▲ 52.1% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €445,598 | €373,689 | €331,092 | ▼ 11.4% |
| Fixed assets21/28 | €153,863 | €128,830 | €100,696 | ▼ 21.8% |
| Tangible fixed assets22/27 | €147,310 | €126,090 | €97,956 | ▼ 22.3% |
| Financial fixed assets28 | €6,553 | €2,740 | €2,740 | = |
| Current assets29/58 | €291,735 | €244,859 | €230,396 | ▼ 5.9% |
| Stocks and contracts in progress3 | €162,840 | €148,521 | €156,969 | ▲ 5.7% |
| Amounts receivable within one year40/41 | €16,304 | €5,848 | €1,086 | ▼ 81.4% |
| Current investments50/53 | €10,031 | - | - | - |
| Cash at bank and in hand54/58 | €91,924 | €85,061 | €66,913 | ▼ 21.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €445,598 | €373,689 | €331,092 | ▼ 11.4% |
| Equity10/15 | €46,772 | -€42,743 | -€73,670 | ▼ 72.4% |
| Contributions10/11 | €242,017 | €217,017 | - | - |
| Reserves13 | €20,374 | €20,374 | €20,374 | = |
| Profit (loss) carried forward14 | -€215,619 | -€280,133 | -€311,060 | ▼ 11.0% |
| Amounts payable17/49 | €398,826 | €416,431 | €404,762 | ▼ 2.8% |
| Amounts payable after more than one year17 | €51,043 | €20,690 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €346,931 | €395,741 | €404,762 | ▲ 2.3% |
| Trade debts44 | €295,205 | €355,679 | €375,029 | ▲ 5.4% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,984 | -€64,515 | -€30,927 | ▲ 52.1% |
| + Depreciation and write-downs630 | €38,605 | €34,330 | €34,228 | ▼ 0.3% |
| Operating cash flow (approximation) | €40,589 | -€30,185 | €3,301 | ▲ 111% |
| Investment in fixed assets (approximation) | - | -€9,296 | -€6,095 | ▲ 34.4% |
| Change in cash | - | -€6,863 | -€18,148 | ▼ 164% |
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
31-07
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Gent · event 25-06-2024
2022
20-04
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 12-04-2022
2021
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 21 days late
2019
31-12
Financial
Weakest financial yearnet -€64,515
Net result drops to -€64,515, the lowest in the series.
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 13 days late
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
24-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
27-05
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
28-05
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
27-05
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
05-06
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MIEKE VAN CUYCK SINT-CHRISTIANASTRAAT 48,
9890 04 DIKKELVENNE |
12-04-2022 → 25-06-2024 |
Recognitions · licences · registrations
Dual-learning approval
6 endedAanvuller (so)
Kassier (so)
Verkoper (so)
Winkelbediende (so)
Winkelmedewerker (vwo)
Winkelmedewerker duaal (so)