CAAR
Open bankruptcyInactive; last annual accounts for fiscal year 2021.
Summary
A bankruptcy procedure is open for CAAR according to publications in the Belgian State Gazette.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Leuven
- Declared bankrupt
- 19 September 2024
- Supervising judge
- Willy Gils
- Official Gazette
- 27-09-2024 (pdf) ↗search the document for 2024/136298
Curators
- Viviane MissoulKoning Albertlaan 186, 3010 Kessel-Loviviane.missoul@missoul-law.be
- Tom Van der LindenKoning Albertlaan 186, 3010 Kessel-Lotom.vanderlinden@missoul-law.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, 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 29-06-2022, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
32 d early
2020
3 d early
2019
96 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 20 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
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?Debtor check
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, abbreviated schema
Equity
€59,168▲ 6.5%
2020 · €55,576
Total assets
€60,476▲ 7.4%
2020 · €56,300
Net result
€3,592
2020 · -€31,239
Working capital
€58,430▲ 6.9%
2020 · €54,670
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-€3,719--€10,184▼ 174%-€32,052▼ 215%€824
Net result€1,955--€1,818-€31,239▼ 1,618%€3,592
Equity€88,633-€86,815▼ 2.1%€55,576▼ 36.0%€59,168▲ 6.5%
Total assets€107,426-€91,102▼ 15.2%€56,300▼ 38.2%€60,476▲ 7.4%
Debt€18,793-€4,287▼ 77.2%€724▼ 83.1%€1,308▲ 80.7%
Working capital€88,633-€82,907▼ 6.5%€54,670▼ 34.1%€58,430▲ 6.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €824 after a loss of €32,052 in 2020, the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €60,476
Fixed assets
€738 ▼ 18.5%
Current assets
€59,738 ▲ 7.8%
Equity and liabilities €60,476
Equity
€59,168 ▲ 6.5%
Debt
€1,308 ▲ 80.7%
Debt's share of the balance-sheet total rises from 1.3% to 2.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€991▲
2020 · -€31,750
Cash flow
€3,759▲
2020 · -€30,937
Current ratio
45.67▼
2020 · 76.51
Debt to equity
0.02
ROE
6.1%▲
2020 · -56.2%
ROA
5.9%▲
2020 · -55.5%
Interest coverage
18.95
Debt ≤ 1 year
€1,308▲
2020 · €724
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 |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €302 | €302 | €168 | ▼ 44.4% |
| Gross operating margin9900 | -€288 | -€7,332 | -€31,037 | €991 | ▲ 103% |
| Operating profit (loss)9901 | -€3,719 | -€10,184 | -€32,052 | €824 | ▲ 103% |
| Financial income75/76B | - | - | - | €2,820 | - |
| Recurring financial income75 | €7,637 | €7,011 | €1,485 | €2,820 | ▲ 89.9% |
| Financial charges65/66B | - | - | - | €52 | - |
| Recurring financial charges65 | €491 | €98 | €672 | €52 | ▼ 92.2% |
| Profit (loss) for the period before taxes9903 | €3,427 | -€3,271 | -€31,239 | €3,592 | ▲ 111% |
| Income taxes67/77 | €1,472 | -€1,453 | - | - | - |
| Profit (loss) for the period9904 | €1,955 | -€1,818 | -€31,239 | €3,592 | ▲ 111% |
| Profit (loss) for the period to be appropriated9905 | €1,955 | -€1,818 | -€31,239 | €3,592 | ▲ 111% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €107,426 | €91,102 | €56,300 | €60,476 | ▲ 7.4% |
| Fixed assets21/28 | - | €3,908 | €906 | €738 | ▼ 18.5% |
| Tangible fixed assets22/27 | - | €1,208 | €906 | €738 | ▼ 18.5% |
| Plant, machinery and equipment23 | - | - | - | €738 | - |
| Financial fixed assets28 | - | €2,700 | - | - | - |
| Current assets29/58 | €107,426 | €87,194 | €55,394 | €59,738 | ▲ 7.8% |
| Amounts receivable within one year40/41 | €107,416 | €87,076 | €55,058 | €59,594 | ▲ 8.2% |
| Other amounts receivable41 | - | - | - | €59,594 | - |
| Cash at bank and in hand54/58 | €10 | €117 | €336 | €144 | ▼ 57.3% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €107,426 | €91,102 | €56,300 | €60,476 | ▲ 7.4% |
| Equity10/15 | €88,633 | €86,815 | €55,576 | €59,168 | ▲ 6.5% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | - |
| Reserves13 | €70,033 | €68,215 | €36,976 | €36,976 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - |
| Distributable reserves133 | - | - | - | €35,116 | - |
| Profit (loss) carried forward14 | - | - | - | €3,592 | - |
| Amounts payable17/49 | €18,793 | €4,287 | €724 | €1,308 | ▲ 80.7% |
| Amounts payable within one year42/48 | €18,793 | €4,287 | €724 | €1,308 | ▲ 80.7% |
| Trade debts44 | €8,604 | €601 | €716 | €1,308 | ▲ 82.7% |
| Suppliers440/4 | - | - | - | €1,308 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,955 | -€1,818 | -€31,239 | €3,592 | ▲ 111% |
| + Depreciation and write-downs630 | - | €302 | €302 | €168 | ▼ 44.4% |
| Operating cash flow (approximation) | €1,955 | -€1,516 | -€30,937 | €3,759 | ▲ 112% |
| Investment in fixed assets (approximation) | - | - | €2,700 | €0 | ▼ 100% |
| Change in cash | - | €107 | €219 | -€192 | ▼ 188% |
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
27-09
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · event 19-09-2024
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €3,592
Net result €3,592 after 2 loss-making years.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€31,239
Net result drops to -€31,239, the lowest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 76.51
Current ratio from 20.34 to 76.51; short-term debt falls from €4,287 to €724.
04-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 96 days late
2019
31-12
Financial
Liquidity quadruplescurrent ratio 20.34
Current ratio from 5.72 to 20.34; short-term debt falls from €18,793 to €4,287.
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
26-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 269 days late
2017
28-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Show earlier events
2015
10-03
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
14-03
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
03-04
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | VIVIANE MISSOUL KONING ALBERTLAAN 186,
3010 KESSEL-LO |
19-09-2024 → present |
| Curator | TOM VAN DER
LINDEN KONING ALBERTLAAN 186, 3010 KESSEL-LO- |
19-09-2024 → present |