BRUPHARMEXPORT
InactiveBRUPHARMEXPORT was declared bankrupt on 19-07-2022 (Tribunal de l’entreprise du Hainaut, division Mons); the bankruptcy was closed by liquidation by judgment of 29-01-2024, published in the Belgian State Gazette on 02-02-2024.
Summary
Inactive; last annual accounts for fiscal year 2021.
Are you a creditor?
Judicial reorganisation
Source: Belgian Official Gazette
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
The procedure
- Court
- Enterprise Court of Hainaut
- Opened
- 20 September 2021
- Docket number
- 20210003
- Moratorium until
- 22 March 2022 (passed; an extension would be in a later judgment)
- Delegated judge
- Michel Marlot
- Official Gazette
- 05-10-2021 (pdf) ↗search the document for 2021/133491
What to do now
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- How you are paid depends on the track: an amicable settlement, a collective agreement with a plan the creditors vote on, or a transfer. The judgment and RegSol say which.
- What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
- The file is in RegSol, where you can read the documents of the procedure.
Deadlines: the judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette.
View the file in RegSol ↗
Watch
Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.
General information, not legal advice. If in doubt, your lawyer or your accountant can help. Full guide for creditors
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
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 12-07-2022, 19 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
19 d early
2019
31 d late
2018
133 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 48 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
Go further with this company
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Financials · fiscal year 2021, micro schema
Turnover
€103,476▼ 62.2%
2019 · €274,086
EBIT margin
39.4%▲ 16.0pp
2019 · 23.4%
Net result
€38,563▼ 81.3%
2019 · €206,154
Working capital
-€1.4m▼ 22.6%
2019 · -€1.1m
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
Line201820192021
Turnover€274,086€103,476-
Operating result€21,148-€64,047▲ 203%€40,739-
Net result€43,825-€206,154▲ 370%€38,563-
EBIT margin23.4%39.4%-
Equity-€1.8m--€1.5m▲ 17.2%-€1.7m-
Total assets€891,910-€607,072▼ 31.9%€237,071-
Debt€2.7m-€2.1m▼ 22.2%€1.9m-
Working capital-€1.8m--€1.1m▲ 37.5%-€1.4m-
Staff (FTE)2-2=
Result per fiscal year
Operating resultNet result
The operating result is €40,739 in 2021, compared with €64,047 in 2019. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2021 in colour, 2019 as the grey bar beneath
Assets €237,071
Fixed assets
€16,733 ▼ 62.1%
Current assets
€220,338 ▼ 60.9%
Key figures and ratios
EBITDA
€47,029▼
2019 · €117,531
Cash flow
€44,853▼
2019 · €259,639
Solvency
-706.8%▼
2019 · -241.8%
Current ratio
0.14▼
2019 · 0.33
Debt to equity
-1.14▼
2019 · -0.26
ROA
16.3%▼
2019 · 34.0%
Interest coverage
17.06
Debt ≤ 1 year
€1.6m▼
2019 · €1.7m
Debt > 1 year
€302,999▼
2019 · €378,706
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2021 | Change |
|---|---|---|---|---|
| Turnover70 | - | €274,086 | €103,476 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €56,420 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €137,621 | €53,484 | €6,290 | - |
| Other operating charges640/8 | - | - | €28 | - |
| Gross operating margin9900 | €80,772 | €213,656 | €47,057 | - |
| Operating profit (loss)9901 | €21,148 | €64,047 | €40,739 | - |
| Financial income75/76B | - | - | €582 | - |
| Recurring financial income75 | €52,381 | €294,700 | €582 | - |
| Financial charges65/66B | - | - | €2,757 | - |
| Recurring financial charges65 | €29,704 | €152,593 | €2,757 | - |
| Profit (loss) for the period before taxes9903 | €43,825 | €206,154 | €38,563 | - |
| Profit (loss) for the period9904 | €43,825 | €206,154 | €38,563 | - |
| Profit (loss) for the period to be appropriated9905 | €43,825 | €206,154 | €38,563 | - |
| Line | 2018 | 2019 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €891,910 | €607,072 | €237,071 | - |
| Fixed assets21/28 | €207,963 | €44,180 | €16,733 | - |
| Intangible fixed assets21 | €82,888 | €35,037 | €16,733 | - |
| Tangible fixed assets22/27 | €125,075 | €9,143 | - | - |
| Current assets29/58 | €683,947 | €562,892 | €220,338 | - |
| Amounts receivable within one year40/41 | €681,423 | €556,980 | €218,426 | - |
| Trade receivables40 | - | - | €218,419 | - |
| Other amounts receivable41 | - | - | €7 | - |
| Cash at bank and in hand54/58 | - | €5,912 | €1,912 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €891,910 | €607,072 | €237,071 | - |
| Equity10/15 | -€1.8m | -€1.5m | -€1.7m | - |
| Contributions10/11 | €322,262 | €422,000 | €422,000 | - |
| Capital10 | - | - | €422,000 | - |
| Issued capital100 | - | - | €422,000 | - |
| Reserves13 | €110,921 | €110,921 | €110,921 | - |
| Non-distributable reserves130/1 | - | - | €32,226 | - |
| Legal reserve130 | - | - | €32,226 | - |
| Tax-exempt reserves132 | - | - | €69,277 | - |
| Distributable reserves133 | - | - | €9,418 | - |
| Profit (loss) carried forward14 | -€2.2m | -€2.0m | -€2.2m | - |
| Amounts payable17/49 | €2.7m | €2.1m | €1.9m | - |
| Amounts payable after more than one year17 | €167,007 | €378,706 | €302,999 | - |
| Financial debts170/4 | - | - | €207,634 | - |
| Trade debts175 | - | - | €95,365 | - |
| Amounts payable within one year42/48 | €2.5m | €1.7m | €1.6m | - |
| Financial debts43 | - | - | €1.0m | - |
| Credit institutions430/8 | - | - | €1.0m | - |
| Trade debts44 | €1.3m | €263,488 | €112,112 | - |
| Suppliers440/4 | - | - | €112,112 | - |
| Taxes, remuneration and social security45 | - | - | €92,852 | - |
| Taxes450/3 | - | - | €9,435 | - |
| Remuneration and social security454/9 | - | - | €83,417 | - |
| Other amounts payable47/48 | - | - | €390,841 | - |
| Line | 2018 | 2019 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,825 | €206,154 | €38,563 | - |
| + Depreciation and write-downs630 | €137,621 | €53,484 | €6,290 | - |
| Operating cash flow (approximation) | €181,447 | €259,639 | €44,853 | - |
| Investment in fixed assets (approximation) | - | €110,299 | - | - |
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
02-02
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise du Hainaut, division Mons · event 29-01-2024
2022
26-07
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Mons · event 19-07-2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €38,563 ▼81.3%
Net result drops to €38,563, the lowest in the series.
05-10
Judicial reorganisation
Extension
Tribunal de l’entreprise du Hainaut · event 20-09-2021
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
31-12
Financial
Highest result since 2018net €206,154 ▲370%
Operating result €64,047, net result €206,154, both a record.
11-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 133 days late
2018
20-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 204 days late
2016
28-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 89 days late
2015
11-10
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 72 days late
2014
02-10
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 63 days late
Show earlier events
2013
09-10
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 70 days late
29-01
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 182 days late
2011
31-08
NBB filing
Annual accounts filed
fiscal year 2010 · full schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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 | STEPHANE BRUX RUE OMER LEFEVRE 36, 7100 LA
LOUVIERE- .
Date provisoire de cessation de paiement : 19/07/2022 |
19-07-2022 → 29-01-2024 |