CARAX
InactiveCARAX was declared bankrupt on 14-12-2021 (Ondernemingsrechtbank Antwerpen, afdeling Turnhout); the bankruptcy was closed by liquidation by judgment of 13-06-2023, published in the Belgian State Gazette on 19-06-2023.
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 · 10 filingsPosition against the passed deadline
31-03-2022 close31-10-2022 deadline22-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-03-2021 was due by 31-10-2021 and was filed on 18-11-2021, 18 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 · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
18 d late
2020
37 d late
2019
1 d early
← before the deadline
after the deadline →
Financials · fiscal year 2021, abbreviated schema
Equity
€338k▼ 75.8%
2019 · €1.39M
2019: €1.39M
2019 → 2021
Total assets
€1.07M▼ 60.5%
2019 · €2.72M
2019: €2.72M
2019 → 2021
Net result
€-238k
2019 · €123k
2019: €123k
2019 → 2021
Working capital
€-95k
2019 · €761k
2019: €761k
2019 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192021Trend
Equity€1.39M-€338k▼ 75.8%
Operating result€183k-€-237k
Net result€123k-€-238k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €-237k in 2021, compared with €183k in 2019. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2021 in colour, 2019 as the grey bar beneath
Assets €1.07M
Fixed assets
€803k▼ 55.8%
Current assets
€270k▼ 70.0%
Equity and liabilities €1.07M
Equity
€338k▼ 75.8%
Debt
€736k▼ 44.5%
The debt ratio rises from 48.8% to 68.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-177k▼
2019 · €361k
Cash flow
€-178k▼
2019 · €301k
Solvency
31.5%▼
2019 · 51.2%
Current ratio
0.74▼
2019 · 6.45
Quick ratio
0.74▼
2019 · 6.45
Debt / equity
1.06▲
2019 · 0.85
ROE
-70.6%▼
2019 · 8.8%
ROA
-22.2%▼
2019 · 4.5%
Debt
€736k▼
2019 · €1.33M
Debt ≤ 1 year
€366k▲
2019 · €139k
Debt > 1 year
€358k▼
2019 · €1.19M
Income taxes
€455▼
2019 · €960
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 2019
Balance sheet
Code20192021
Assets
Total assets20/58€2.72M€1.07M▼
Fixed assets21/28€1.82M€803k▼
Tangible fixed assets22/27€869k€35k▼
Financial fixed assets28€950k€768k▼
Current assets29/58€900k€270k▼
Stocks and contracts in progress3€96k€46k▼
Amounts receivable within one year40/41€555k€146k▼
Cash at bank and in hand54/58€249k€73k▼
Equity and liabilities
Total equity and liabilities10/49€2.72M€1.07M▼
Equity10/15€1.39M€338k▼
Contributions10/11€850k€474k▼
Reserves13€543k€57k▼
Profit (loss) carried forward14-€-193k
Amounts payable17/49€1.33M€736k▼
Amounts payable after more than one year17€1.19M€358k▼
Amounts payable within one year42/48€139k€366k▲
Trade debts44€34k€103k▲
Income statement
Code20192021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€179k€60k▼
Gross operating margin9900€611k€203k▼
Operating profit (loss)9901€183k€-237k▼
Recurring financial income75€0-
Recurring financial charges65€59k€433▼
Profit (loss) for the period before taxes9903€124k€-238k▼
Income taxes67/77€960€455▼
Profit (loss) for the period9904€123k€-238k▼
Profit (loss) for the period to be appropriated9905€123k€-238k▼
Timeline · acts, filings and financial milestones
2023
19-06
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · CARAX NV TOEKOMSTLAAN 34/36, 2200 HERENTALS · event 13-06-2023
2021
20-12
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · CARAX NV TOEKOMST- LAAN 34/36, 2200 HERENTALS · event 14-12-2021
18-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 18 days late
2020
07-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 37 days late
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
15-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 15 days late
2017
19-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
25-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
07-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2014
27-10
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2013
24-10
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2012
04-10
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
SignalNBB filing
Directors · office · real estate
Directors
12 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
3 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | KRISTOF BENIJTS LIERSEWEG 271-273,
2200 HERENTALS |
14-12-2021 → present |
| Curator | PHILIP SOMERS LIER-
SEWEG 271-273, 2200 HERENTALS |
14-12-2021 → present |
| Curator | VEERLE
VERHAEGEN STEENWEG OP ZEVENDONK 60, 2300 TURNHOUT- |
14-12-2021 → present |