CANOFASHION
Open bankruptcyA bankruptcy procedure is open for CANOFASHION according to publications in the Belgian State Gazette; curator: JENS VREBOS.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
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 31-03-2022, 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 · 8 filingsPosition against the passed deadline
31-03-2022 close31-10-2022 deadline21-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2021 was due by 31-10-2021 and was filed on 22-07-2021, 101 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
101 d early
2020
86 d late
2019
452 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Equity
€21k▲ 178%
2020 · €8k
2019: €-4k
2020: €8k
2019 → 2021
Total assets
€74k▼ 4.2%
2020 · €77k
2019: €63k
2020: €77k
2019 → 2021
Net result
€1k▼ 90.6%
2020 · €12k
2019: €7k
2020: €12k
2019 → 2021
Working capital
€17k▲ 182%
2020 · €6k
2019: €-31k
2020: €6k
2019 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202021Trend
Equity€-4k-€8k€21k▲ 178%
Operating result€12k-€19k▲ 61.1%€-2k
Net result€7k-€12k▲ 61.7%€1k▼ 90.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €2k after €19k in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €74k
Fixed assets
€16k▼ 20.3%
Current assets
€58k▲ 1.4%
Equity and liabilities €74k
Equity
€21k▲ 178%
Debt
€53k▼ 24.1%
The debt ratio falls from 90.2% to 71.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5k▼
2020 · €25k
Cash flow
€8k▼
2020 · €19k
Solvency
28.6%▲
2020 · 9.8%
Current ratio
1.42▲
2020 · 1.12
Quick ratio
1.42▲
2020 · 1.12
Debt / equity
0.56▼
2020 · 2.34
ROE
5.4%▼
2020 · 159.1%
ROA
1.5%▼
2020 · 15.7%
Debt
€53k▼
2020 · €70k
Debt ≤ 1 year
€41k▼
2020 · €51k
Debt > 1 year
€12k▼
2020 · €18k
Income taxes
€208▼
2020 · €5k
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€77k€74k▼
Fixed assets21/28€20k€16k▼
Tangible fixed assets22/27€20k€13k▼
Financial fixed assets28€300€3k▲
Current assets29/58€57k€58k▲
Amounts receivable within one year40/41€49k€57k▲
Cash at bank and in hand54/58€8k€605▼
Equity and liabilities
Total equity and liabilities10/49€77k€74k▼
Equity10/15€8k€21k▲
Reserves13€1k€3k▲
Profit (loss) carried forward14€-18k€-11k▲
Amounts payable17/49€70k€53k▼
Amounts payable after more than one year17€18k€12k▼
Amounts payable within one year42/48€51k€41k▼
Trade debts44€35k€26k▼
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€7k▲
Gross operating margin9900€28k€6k▼
Operating profit (loss)9901€19k€-2k▼
Recurring financial income75€1k€3k▲
Recurring financial charges65€3k€349▼
Profit (loss) for the period before taxes9903€17k€1k▼
Income taxes67/77€5k€208▼
Profit (loss) for the period9904€12k€1k▼
Profit (loss) for the period to be appropriated9905€12k€1k▼
Timeline · acts, filings and financial milestones
2021
03-11
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Brugge · CANOFASHION BV VRAM- BOUTSTRAAT 13/BUS 4 A, 8370 BLANKENBERGE · event 26-10-2021
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Weakest financial yearnet €1k ▼90.6%
Net result drops to €1k, the lowest in the series.
25-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 86 days late
25-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 452 days late
2020
31-03
Financial
Highest result since 2019net €12k ▲61.7%
Operating result €19k, net result €12k, both a record.
31-03
Financial
Liquidity doublescurrent ratio 1.12
Current ratio from 0.54 to 1.12; short-term debt falls from €68k to €51k.
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2014
31-10
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JENS VREBOS EZELSTRAAT 25, 8000 BRUGGE- |
26-10-2021 → present |