BRANDI
InactiveBRANDI was declared bankrupt on 25-08-2022 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed by liquidation by judgment of 07-05-2024, published in the Belgian State Gazette on 16-05-2024.
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 · 6 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline29-09-2026 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 28-06-2022, 33 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
33 d early
2020
4 d early
2019
28 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 22 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 2021, micro schema
Equity
-€43,282▼ 95.2%
2020 · -€22,173
Total assets
€36,321▼ 33.6%
2020 · €54,673
Net result
-€21,109▲ 66.0%
2020 · -€62,043
Working capital
-€36,151▼ 97.2%
2020 · -€18,329
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€37,633-€2,940▼ 92.2%-€45,125€6,432
Net result€29,789--€1,703-€62,043▼ 3,543%-€21,109▲ 66.0%
Equity€41,574-€39,871▼ 4.1%-€22,173-€43,282▼ 95.2%
Total assets€107,186-€98,732▼ 7.9%€54,673▼ 44.6%€36,321▼ 33.6%
Debt€65,612-€58,861▼ 10.3%€76,846▲ 30.6%€79,602▲ 3.6%
Working capital€11,209-€9,218▼ 17.8%-€18,329-€36,151▼ 97.2%
Staff (FTE)1.1-2.1▲ 90.9%2
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €6,432 after a loss of €45,125 in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €36,321
Fixed assets
€13,568 ▼ 5.5%
Current assets
€22,753 ▼ 43.6%
Key figures and ratios
EBITDA
€11,524▲
2020 · -€27,320
Cash flow
-€16,017▲
2020 · -€44,238
Solvency
-119.2%▼
2020 · -40.6%
Current ratio
0.39▼
2020 · 0.69
Quick ratio
0.34▼
2020 · 0.58
Debt to equity
-1.84
ROA
-58.1%▲
2020 · -113.5%
Interest coverage
0.40
Debt ≤ 1 year
€58,904▲
2020 · €58,647
Income taxes
-€152▼
2020 · €915
Staff costs
€21,383
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 |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €21,383 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,115 | €19,083 | €17,805 | €5,092 | ▼ 71.4% |
| Other operating charges640/8 | - | - | - | €2,656 | - |
| Gross operating margin9900 | €113,339 | €66,815 | -€4,895 | €35,563 | ▲ 827% |
| Operating profit (loss)9901 | €37,633 | €2,940 | -€45,125 | €6,432 | ▲ 114% |
| Financial income75/76B | - | - | - | €923 | - |
| Recurring financial income75 | €1,658 | €2,992 | €2,817 | €923 | ▼ 67.2% |
| Financial charges65/66B | - | - | - | €28,617 | - |
| Recurring financial charges65 | €2,607 | €5,784 | €18,820 | €28,617 | ▲ 52.1% |
| Profit (loss) for the period before taxes9903 | €36,684 | €149 | -€61,128 | -€21,261 | ▲ 65.2% |
| Income taxes67/77 | €6,896 | €1,852 | €915 | -€152 | ▼ 117% |
| Profit (loss) for the period9904 | €29,789 | -€1,703 | -€62,043 | -€21,109 | ▲ 66.0% |
| Profit (loss) for the period to be appropriated9905 | €29,789 | -€1,703 | -€62,043 | -€21,109 | ▲ 66.0% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €107,186 | €98,732 | €54,673 | €36,321 | ▼ 33.6% |
| Formation expenses20 | €837 | €400 | - | - | - |
| Fixed assets21/28 | €50,406 | €31,759 | €14,354 | €13,568 | ▼ 5.5% |
| Intangible fixed assets21 | €17,905 | €13,333 | €8,762 | €4,190 | ▼ 52.2% |
| Tangible fixed assets22/27 | €26,908 | €12,833 | - | €3,785 | - |
| Plant, machinery and equipment23 | - | - | - | €3,785 | - |
| Financial fixed assets28 | €5,592 | €5,592 | €5,592 | €5,592 | = |
| Current assets29/58 | €55,943 | €66,572 | €40,319 | €22,753 | ▼ 43.6% |
| Stocks and contracts in progress3 | €9,536 | €10,203 | €6,516 | €2,865 | ▼ 56.0% |
| Stocks30/36 | - | - | - | €2,865 | - |
| Amounts receivable within one year40/41 | €30,413 | €34,222 | €30,209 | €8,437 | ▼ 72.1% |
| Trade receivables40 | - | - | - | €4,350 | - |
| Other amounts receivable41 | - | - | - | €4,088 | - |
| Cash at bank and in hand54/58 | €12,222 | €21,505 | €2,510 | €9,704 | ▲ 287% |
| Deferred charges and accrued income490/1 | - | - | - | €1,746 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €107,186 | €98,732 | €54,673 | €36,321 | ▼ 33.6% |
| Equity10/15 | €41,574 | €39,871 | -€22,173 | -€43,282 | ▼ 95.2% |
| 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 | €21,114 | €19,411 | -€42,633 | -€63,742 | ▼ 49.5% |
| Amounts payable17/49 | €65,612 | €58,861 | €76,846 | €79,602 | ▲ 3.6% |
| Amounts payable after more than one year17 | €19,339 | €1,506 | - | - | - |
| Amounts payable within one year42/48 | €44,734 | €57,354 | €58,647 | €58,904 | ▲ 0.4% |
| Financial debts43 | - | - | - | €29,595 | - |
| Credit institutions430/8 | - | - | - | €29,595 | - |
| Trade debts44 | €11,342 | €27,982 | €12,381 | €25,764 | ▲ 108% |
| Suppliers440/4 | - | - | - | €25,764 | - |
| Taxes, remuneration and social security45 | - | - | - | €3,545 | - |
| Taxes450/3 | - | - | - | €2,566 | - |
| Remuneration and social security454/9 | - | - | - | €979 | - |
| Accrued charges and deferred income492/3 | - | - | - | €20,698 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,789 | -€1,703 | -€62,043 | -€21,109 | ▲ 66.0% |
| + Depreciation and write-downs630 | €19,115 | €19,083 | €17,805 | €5,092 | ▼ 71.4% |
| Operating cash flow (approximation) | €48,904 | €17,380 | -€44,238 | -€16,017 | ▲ 63.8% |
| Investment in fixed assets (approximation) | - | -€437 | -€400 | -€4,305 | ▼ 975% |
| Change in cash | - | €9,283 | -€18,995 | €7,194 | ▲ 138% |
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
16-05
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 07-05-2024
2022
31-08
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 25-08-2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€62,043
Net result drops to -€62,043, the lowest in the series.
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 17 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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 | LUC DE PRÊTRE AMERIKALEI 160, 2000 ANTWERPEN 1- |
25-08-2022 → 07-05-2024 |