BRANDS AND SAFETY
InactiveBRANDS AND SAFETY was declared bankrupt on 06-11-2023 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed by liquidation by judgment of 17-09-2024, published in the Belgian State Gazette on 20-09-2024.
Summary
Inactive; last annual accounts for fiscal year 2022.
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 31-12-2023, 3 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
31-12-2023 close31-07-2024 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 31-08-2023, 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
31 d late
2021
30 d late
2020
1 d early
2019
69 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, abbreviated schema
Equity
€89k▼ 73.3%
2021 · €335k
2018: €866k
2019: €765k
2020: €719k
2021: €335k
2018 → 2022
Total assets
€959k▼ 16.5%
2021 · €1.15M
2018: €1.59M
2019: €1.52M
2020: €1.41M
2021: €1.15M
2018 → 2022
Net result
€-246k▼ 518%
2021 · €-40k
2018: €-24k
2019: €-101k
2020: €-45k
2021: €-40k
2018 → 2022
Working capital
€53k▼ 80.3%
2021 · €271k
2018: €760k
2019: €677k
2020: €649k
2021: €271k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€866k-€765k▼ 11.7%€719k▼ 5.9%€335k▼ 53.4%€89k▼ 73.3%
Operating result€11k-€-66k€-11k▲ 82.6%€-6k▲ 46.2%€-212k▼ 3,361%
Net result€-24k-€-101k▼ 330%€-45k▲ 55.4%€-40k▲ 11.9%€-246k▼ 518%
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 €212k in 2022 against €6k in 2021; the loss grows and 2022 has the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €959k
Fixed assets
€39k ▼ 41.4%
Current assets
€921k ▼ 15.0%
Equity and liabilities €959k
Equity
€89k ▼ 73.3%
Debt
€870k ▲ 6.9%
Debt's share of the balance-sheet total rises from 70.8% to 90.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-195k▼
2021 · €32k
Cash flow
€-228k▼
2021 · €-2k
Current ratio
1.06▼
2021 · 1.33
Quick ratio
0.29▼
2021 · 0.35
Debt to equity
9.73▲
2021 · 2.43
ROE
-274.8%▼
2021 · -11.9%
ROA
-25.6%▼
2021 · -3.5%
Interest coverage
-5.88▼
2021 · 0.90
Debt ≤ 1 year
€867k▲
2021 · €812k
Income taxes
€400▼
2021 · €638
Staff costs
€197k▼
2021 · €292k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 60 lines
Balance sheet
Code20212022
Assets
Total assets20/58€1.15M€959k▼
Fixed assets21/28€66k€39k▼
Intangible fixed assets21€4k€1k▼
Tangible fixed assets22/27€54k€30k▼
Plant, machinery and equipment23€26k€18k▼
Furniture and vehicles24€21k€11k▼
Leasing and similar rights25€7k€0▼
Other tangible fixed assets26€401€172▼
Financial fixed assets28€8k€8k=
Current assets29/58€1.08M€921k▼
Stocks and contracts in progress3€801k€670k▼
Stocks30/36€801k€670k▼
Amounts receivable within one year40/41€167k€160k▼
Trade receivables40€166k€159k▼
Other amounts receivable41€850€850=
Cash at bank and in hand54/58€104k€86k▼
Deferred charges and accrued income490/1€10k€5k▼
Equity and liabilities
Total equity and liabilities10/49€1.15M€959k▼
Equity10/15€335k€89k▼
Contributions10/11€62k€62k=
Reserves13€273k€27k▼
Non-distributable reserves130/1€6k€6k=
Reserves not available under the articles1311€6k€6k=
Tax-exempt reserves132€18k€18k=
Distributable reserves133€249k€3k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€814k€870k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€812k€867k▲
Current portion of amounts payable after more than one year42€659€0▼
Financial debts43€375k€375k=
Credit institutions430/8€375k€375k=
Trade debts44€370k€449k▲
Suppliers440/4€370k€449k▲
Taxes, remuneration and social security45€66k€43k▼
Taxes450/3€33k€38k▲
Remuneration and social security454/9€33k€6k▼
Accrued charges and deferred income492/3€2k€3k▲
Income statement
Code20212022
Non-recurring operating income76A€3k€3k▲
Remuneration, social security and pensions62€292k€197k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€17k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€118k
Other operating charges640/8€4k€3k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€327k€123k▼
Operating profit (loss)9901€-6k€-212k▼
Financial income75/76B€2k€24▼
Recurring financial income75€2k€24▼
Financial charges65/66B€35k€33k▼
Recurring financial charges65€35k€33k▼
Profit (loss) for the period before taxes9903€-39k€-245k▼
Income taxes67/77€638€400▼
Profit (loss) for the period9904€-40k€-246k▼
Profit (loss) for the period to be appropriated9905€-40k€-246k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-40k€-246k▼
Transfer from equity791/2€384k€246k▼
Profit to be distributed694/7€344k€0▼
Return on contributions (dividend)694€344k€0▼
Social balance
Average headcount (FTE)90874.42.8▼
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
20-09
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Dendermonde · BRANDS AND SAFETY BV EVENBROEKVELD 40, 9420 ERPE-MERE · event 17-09-2024
2023
10-11
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · BRANDS AND SAFETY BV EVENBROEKVELD 40, 9420 ERPE-MERE · event 06-11-2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-246k
Net result drops to €-246k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 69 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 58 days late
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
03-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
16-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
22-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MARGA PIETERS AFFLIGEMDREEF 144, 9300 AALST- |
06-11-2023 → 17-09-2024 |
Recognitions · licences · registrations
Dual-learning approval
3 endedVerkoper (so)
Winkelmedewerker (vwo)
Winkelmedewerker duaal (so)
Legal Entity Identifier
5493006S6DMJT8VBNR97