BUDDHA
InactiveBUDDHA was declared bankrupt on 27-01-2022 (Ondernemingsrechtbank Leuven); the bankruptcy was closed by liquidation by judgment of 19-10-2023, published in the Belgian State Gazette on 06-11-2023.
No longer registered with the KBO; last annual accounts for fiscal year 2020.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 30-09-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
30-09-2021 close30-04-2022 deadline23-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2020 was due by 30-04-2021 and was filed on 29-04-2021, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
1 d early
2019
on the day
← before the deadline
after the deadline →
Financials · fiscal year 2020, micro schema
Equity
€41k▲ 4.6%
2019 · €39k
2018: €36k
2019: €39k
2018 → 2020
Total assets
€202k▲ 30.6%
2019 · €154k
2018: €139k
2019: €154k
2018 → 2020
Net result
€2k▼ 51.7%
2019 · €4k
2018: €15k
2019: €4k
2018 → 2020
Working capital
€63k▲ 2.9%
2019 · €61k
2018: €50k
2019: €61k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€36k-€39k▲ 10.5%€41k▲ 4.6%
Operating result€24k-€9k▼ 61.2%€2k▼ 74.1%
Net result€15k-€4k▼ 74.7%€2k▼ 51.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2020 is 74% below 2019 and is the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €197k
Fixed assets
€9k▼ 2.4%
Current assets
€188k▲ 35.2%
Equity and liabilities €202k
Equity
€41k▲ 4.6%
Debt
€160k▲ 39.6%
The debt ratio rises from 74.4% to 79.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€6k▼
2019 · €13k
Cash flow
€5k▼
2019 · €7k
Solvency
20.5%▼
2019 · 25.6%
Current ratio
1.50▼
2019 · 1.79
Quick ratio
1.44▼
2019 · 1.68
Debt / equity
0.86▼
2019 · 0.94
ROE
4.4%▼
2019 · 9.5%
ROA
0.9%▼
2019 · 2.4%
Debt
€160k▲
2019 · €115k
Debt ≤ 1 year
€125k▲
2019 · €78k
Debt > 1 year
€35k▼
2019 · €37k
Income taxes
€1k▼
2019 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€154k€202k▲
Formation expenses20€6k€4k▼
Fixed assets21/28€10k€9k▼
Tangible fixed assets22/27€7k€6k▼
Financial fixed assets28€3k€3k=
Current assets29/58€139k€188k▲
Stocks and contracts in progress3€9k€9k=
Amounts receivable within one year40/41€7k€50k▲
Cash at bank and in hand54/58€6k€10k▲
Equity and liabilities
Total equity and liabilities10/49€154k€202k▲
Equity10/15€39k€41k▲
Contributions10/11€6k-
Reserves13€31k€35k▲
Profit (loss) carried forward14€2k€2k▼
Amounts payable17/49€115k€160k▲
Amounts payable after more than one year17€37k€35k▼
Amounts payable within one year42/48€78k€125k▲
Trade debts44€37k€82k▲
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Gross operating margin9900€148k€113k▼
Operating profit (loss)9901€9k€2k▼
Recurring financial income75€7k€6k▼
Recurring financial charges65€9k€6k▼
Profit (loss) for the period before taxes9903€7k€3k▼
Income taxes67/77€4k€1k▼
Profit (loss) for the period9904€4k€2k▼
Profit (loss) for the period to be appropriated9905€4k€2k▼
Timeline · acts, filings and financial milestones
2023
06-11
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Leuven · BUDDHA BV SLUIS- STRAAT 12, 3000 LEUVEN · event 19-10-2023
2022
02-02
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · BUDDHA BV SLUISSTRAAT 12, 3000 LEUVEN · event 27-01-2022
2021
19-07
Judicial reorganisation
Opening
Ondernemingsrechtbank Leuven · amiable · event 13-07-2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet €2k ▼51.7%
Net result drops to €2k, the lowest in the series.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 61 days late
2016
07-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 38 days late
2015
06-05
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 6 days late
2014
19-03
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
11-04
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
15-05
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 15 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | DIRK DE MAESENEER BRUSSELSESTEENWEG 62,
3000 LEUVEN |
27-01-2022 → present |
| Curator | SVEN DE MAESENEER BRUSSELSESTEENWEG 62, 3000 LEUVEN- |
27-01-2022 → present |