BUTT AND SONS TABACO
InactiveBUTT AND SONS TABACO was declared bankrupt on 27-06-2024 (Ondernemingsrechtbank Leuven); the bankruptcy was closed for insufficient assets by judgment of 08-07-2025, published in the Belgian State Gazette on 11-07-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2022.
Signals
Four 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 · 6 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline23-09-2026 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 20-10-2023, 81 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
81 d late
2021
31 d late
2020
30 d late
2019
76 d late
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Equity
€-266k▼ 16.1%
2021 · €-229k
2018: €-139k
2019: €-170k
2020: €-202k
2021: €-229k
2018 → 2022
Total assets
€17k▼ 26.3%
2021 · €23k
2018: €63k
2019: €39k
2020: €27k
2021: €23k
2018 → 2022
Net result
€-37k▼ 38.2%
2021 · €-27k
2018: €-49k
2019: €-31k
2020: €-33k
2021: €-27k
2018 → 2022
Working capital
€-282k▼ 12.8%
2021 · €-250k
2018: €-190k
2019: €-201k
2020: €-228k
2021: €-250k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€-139k-€-170k▼ 22.1%€-202k▼ 19.2%€-229k▼ 13.2%€-266k▼ 16.1%
Operating result€-49k-€-31k▲ 37.3%€-33k▼ 6.0%€-27k▲ 17.9%€-37k▼ 38.2%
Net result€-49k-€-31k▲ 37.3%€-33k▼ 6.0%€-27k▲ 17.9%€-37k▼ 38.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €37k in 2022 against €27k in 2021; the loss grows.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €17k
Fixed assets
€16k▼ 24.0%
Current assets
€1k▼ 48.6%
Key figures and ratios
EBITDA
€-32k▼
2021 · €-22k
Cash flow
€-32k▼
2021 · €-22k
Current ratio
0.00▼
2021 · 0.01
Quick ratio
0.00▼
2021 · 0.01
Debt / equity
-1.06▲
2021 · -1.10
ROA
-217.9%▼
2021 · -116.2%
Debt
€283k▲
2021 · €252k
Debt ≤ 1 year
€283k▲
2021 · €252k
A ratio outside any meaningful range has been withheld (balance sheet total €17k, equity €-266k).
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 · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€23k€17k▼
Fixed assets21/28€21k€16k▼
Intangible fixed assets21€21k€16k▼
Current assets29/58€2k€1k▼
Cash at bank and in hand54/58€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€23k€17k▼
Equity10/15€-229k€-266k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Profit (loss) carried forward14€-248k€-285k▼
Amounts payable17/49€252k€283k▲
Amounts payable within one year42/48€252k€283k▲
Trade debts44€2k€10k▲
Suppliers440/4€2k€10k▲
Taxes, remuneration and social security45€21k€19k▼
Taxes450/3€7k€5k▼
Remuneration and social security454/9€14k€14k=
Other amounts payable47/48€230k€254k▲
Income statement
Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k=
Other operating charges640/8€83k€84k▲
Gross operating margin9900€61k€52k▼
Operating profit (loss)9901€-27k€-37k▼
Profit (loss) for the period before taxes9903€-27k€-37k▼
Profit (loss) for the period9904€-27k€-37k▼
Profit (loss) for the period to be appropriated9905€-27k€-37k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-248k€-285k▼
Profit (loss) brought forward from the previous period14P€-221k€-248k▼
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
11-07
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Leuven · BUTT AND SONS TABACO BV GOUDEN KRUISPUNT 26, 3390 TIELT-WINGE · event 08-07-2025
2024
03-07
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · BUTT AND SONS TABACO BV GOUDEN KRUISPUNT 26, 3390 TIELT-WINGE · event 27-06-2024
2023
20-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 81 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
15-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 76 days late
2019
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 5 days late
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 3 days late
SignalNBB filing
Directors · office · real estate
Directors
6 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 | JACQUES ARNAUTS-SMEETS HERSELTSE-
STEENWEG 5, 3200 AARSCHOT |
27-06-2024 → present |
| Curator | GUNTHER
PEETERS HERSELTSESTEENWEG 5, 3200 AARSCHOT- |
27-06-2024 → present |