CABLEWORX
InactiveCABLEWORX was declared bankrupt on 26-03-2024 (Ondernemingsrechtbank Antwerpen, afdeling Turnhout); the bankruptcy was closed for insufficient assets by judgment of 18-03-2025, published in the Belgian State Gazette on 24-03-2025.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three 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 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 3 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline25-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 25-11-2021, 117 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
117 d late
2019
252 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, abbreviated schema
Turnover
€687k
EBIT margin
1.9%
Net result
€40k▲ 207%
2019 · €13k
2018: €48khighest in 3 years
2019: €13k▼ -72.5% vs 2018lowest in 3 years
2020: €40k▲ +207% vs 2019
2018 → 2020
Working capital
€31k▲ 822%
2019 · €3k
2018: €-10klowest in 3 years
2019: €3k▲ +134% vs 2018
2020: €31k▲ +822% vs 2019highest in 3 years
2018 → 2020
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Turnover€687k
Equity€66k-€79k▲ 19.7%€119k▲ 50.6%
2018: €66klowest in 3 years
2019: €79k▲ +19.7% vs 2018
2020: €119k▲ +50.6% vs 2019highest in 3 years
Operating result€57k-€13k▼ 77.1%€41k▲ 210%
2018: €57khighest in 3 years
2019: €13k▼ -77.1% vs 2018lowest in 3 years
2020: €41k▲ +210% vs 2019
Net result€48k-€13k▼ 72.5%€40k▲ 207%
2018: €48khighest in 3 years
2019: €13k▼ -72.5% vs 2018lowest in 3 years
2020: €40k▲ +207% vs 2019
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2020; 2020 is 210% above 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €157k
Fixed assets
€89k =
Current assets
€68k ▼ 59.0%
Equity and liabilities €157k
Equity
€119k ▲ 50.6%
Debt
€37k ▼ 78.7%
Debt's share of the balance-sheet total falls from 68.8% to 23.7%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
1.82▲
2019 · 1.02
ROE
33.6%▲
2019 · 16.5%
ROA
25.6%▲
2019 · 5.1%
Debt ≤ 1 year
€37k▼
2019 · €162k
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 · 2020 against 2019 · 21 lines
Balance sheet
Code20192020
Assets
Total assets20/58€254k€157k▼
Fixed assets21/28€89k€89k=
Tangible fixed assets22/27€89k€89k=
Current assets29/58€165k€68k▼
Amounts receivable within one year40/41€165k€44k▼
Cash at bank and in hand54/58-€4k
Equity and liabilities
Total equity and liabilities10/49€254k€157k▼
Equity10/15€79k€119k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€61k€101k▲
Amounts payable17/49€175k€37k▼
Amounts payable after more than one year17€13k-
Amounts payable within one year42/48€162k€37k▼
Trade debts44€116k€18k▼
Income statement
Code20192020
Turnover70€687k-
Gross operating margin9900€264k€44k▼
Operating profit (loss)9901€13k€41k▲
Recurring financial charges65-€400
Profit (loss) for the period before taxes9903€13k€40k▲
Profit (loss) for the period9904€13k€40k▲
Profit (loss) for the period to be appropriated9905€13k€40k▲
Accounts by statement
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Turnover70 | - | €687k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €42k | - | - | - |
| Gross operating margin9900 | €421k | €264k | €44k | ▼ 83.4% |
| Operating profit (loss)9901 | €57k | €13k | €41k | ▲ 210% |
| Recurring financial charges65 | €10k | - | €400 | - |
| Profit (loss) for the period before taxes9903 | €48k | €13k | €40k | ▲ 207% |
| Profit (loss) for the period9904 | €48k | €13k | €40k | ▲ 207% |
| Profit (loss) for the period to be appropriated9905 | €48k | €13k | €40k | ▲ 207% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €379k | €254k | €157k | ▼ 38.4% |
| Fixed assets21/28 | €89k | €89k | €89k | = |
| Tangible fixed assets22/27 | €89k | €89k | €89k | = |
| Current assets29/58 | €290k | €165k | €68k | ▼ 59.0% |
| Amounts receivable within one year40/41 | €268k | €165k | €44k | ▼ 73.3% |
| Current investments50/53 | €13k | - | - | - |
| Cash at bank and in hand54/58 | - | - | €4k | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €379k | €254k | €157k | ▼ 38.4% |
| Equity10/15 | €66k | €79k | €119k | ▲ 50.6% |
| Contributions10/11 | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €48k | €61k | €101k | ▲ 66.2% |
| Amounts payable17/49 | €313k | €175k | €37k | ▼ 78.7% |
| Amounts payable after more than one year17 | €13k | €13k | - | - |
| Amounts payable within one year42/48 | €300k | €162k | €37k | ▼ 77.1% |
| Trade debts44 | €224k | €116k | €18k | ▼ 84.9% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €48k | €13k | €40k | ▲ 207% |
| + Depreciation and write-downs630 | €42k | - | - | - |
| Operating cash flow (approximation) | €89k | €13k | €40k | ▲ 207% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
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
2025
24-03
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 18-03-2025
2024
03-04
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 26-03-2024
2021
25-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 117 days late
09-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 252 days late
2020
31-12
Financial
Equity above €100kEq €119k ▲50.6%
3 profitable years in a row build equity to €119k.
2019
31-12
Financial
Weakest financial yearnet €13k ▼72.5%
Net result drops to €13k, the lowest in the series.
03-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 34 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GEERT NAULAERTS DE MERODELEI 83, 2300 TURN-
HOUT |
26-03-2024 → 18-03-2025 |