CARDOEN INTERIOR
InactiveCARDOEN INTERIOR was declared bankrupt on 06-07-2022 (Ondernemingsrechtbank Gent, afdeling Kortrijk); the bankruptcy was closed by liquidation by judgment of 22-10-2024, published in the Belgian State Gazette on 30-10-2024.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○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
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 24-08-2021, 24 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
24 d late
2019
46 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, abbreviated schema
Equity
€19k▲ 55.7%
2019 · €12k
2018: €39khighest in 3 years
2019: €12k▼ -68.8% vs 2018lowest in 3 years
2020: €19k▲ +55.7% vs 2019
2018 → 2020
Total assets
€485k▼ 25.5%
2019 · €652k
2018: €745khighest in 3 years
2019: €652k▼ -12.5% vs 2018
2020: €485k▼ -25.5% vs 2019lowest in 3 years
2018 → 2020
Net result
€7k
2019 · €-27k
2018: €33khighest in 3 years
2019: €-27k▼ -182% vs 2018lowest in 3 years
2020: €7k▲ +125% vs 2019
2018 → 2020
Working capital
€-13k▲ 8.1%
2019 · €-14k
2018: €4khighest in 3 years
2019: €-14k▼ -469% vs 2018lowest in 3 years
2020: €-13k▲ +8.1% vs 2019
2018 → 2020
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€39k-€12k▼ 68.8%€19k▲ 55.7%
2018: €39khighest in 3 years
2019: €12k▼ -68.8% vs 2018lowest in 3 years
2020: €19k▲ +55.7% vs 2019
Operating result€61k-€-16k€13k
2018: €61khighest in 3 years
2019: €-16k▼ -126% vs 2018lowest in 3 years
2020: €13k▲ +187% vs 2019
Net result€33k-€-27k€7k
2018: €33khighest in 3 years
2019: €-27k▼ -182% vs 2018lowest in 3 years
2020: €7k▲ +125% 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 returns to profit in 2020: €13k after a loss of €16k in 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €460k
Fixed assets
€33k ▼ 49.8%
Current assets
€427k ▼ 27.1%
Equity and liabilities €485k
Equity
€19k ▲ 55.7%
Debt
€466k ▼ 27.1%
Debt's share of the balance-sheet total falls from 98.1% to 96.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€49k▲
2019 · €20k
Cash flow
€42k▲
2019 · €8k
Current ratio
0.97▼
2019 · 0.98
Quick ratio
0.41▼
2019 · 0.46
Debt to equity
1.37▼
2019 · 3.25
ROE
35.8%▲
2019 · -220.9%
ROA
1.4%▲
2019 · -4.2%
Debt ≤ 1 year
€440k▼
2019 · €599k
Debt > 1 year
€26k▼
2019 · €40k
Income taxes
€169▲
2019 · €-280
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 · 27 lines
Balance sheet
Code20192020
Assets
Total assets20/58€652k€485k▼
Formation expenses20-€25k
Fixed assets21/28€66k€33k▼
Intangible fixed assets21€3k€796▼
Tangible fixed assets22/27€64k€32k▼
Current assets29/58€585k€427k▼
Stocks and contracts in progress3€308k€248k▼
Amounts receivable within one year40/41€234k€153k▼
Cash at bank and in hand54/58€40k€23k▼
Equity and liabilities
Total equity and liabilities10/49€652k€485k▼
Equity10/15€12k€19k▲
Contributions10/11€6k-
Reserves13€33k€33k=
Profit (loss) carried forward14€-27k€-20k▲
Amounts payable17/49€639k€466k▼
Amounts payable after more than one year17€40k€26k▼
Amounts payable within one year42/48€599k€440k▼
Trade debts44€134k€112k▼
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€35k=
Gross operating margin9900€570k€513k▼
Operating profit (loss)9901€-16k€13k▲
Recurring financial income75€1k€1k▲
Recurring financial charges65€13k€8k▼
Profit (loss) for the period before taxes9903€-27k€7k▲
Income taxes67/77€-280€169▲
Profit (loss) for the period9904€-27k€7k▲
Profit (loss) for the period to be appropriated9905€-27k€7k▲
Accounts by statement
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €55k | €35k | €35k | = |
| Gross operating margin9900 | €878k | €570k | €513k | ▼ 10.1% |
| Operating profit (loss)9901 | €61k | €-16k | €13k | ▲ 187% |
| Recurring financial income75 | €137 | €1k | €1k | ▲ 18.0% |
| Recurring financial charges65 | €8k | €13k | €8k | ▼ 39.2% |
| Profit (loss) for the period before taxes9903 | €53k | €-27k | €7k | ▲ 126% |
| Income taxes67/77 | €19k | €-280 | €169 | ▲ 160% |
| Profit (loss) for the period9904 | €33k | €-27k | €7k | ▲ 125% |
| Profit (loss) for the period to be appropriated9905 | €33k | €-27k | €7k | ▲ 125% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €745k | €652k | €485k | ▼ 25.5% |
| Formation expenses20 | - | - | €25k | - |
| Fixed assets21/28 | €62k | €66k | €33k | ▼ 49.8% |
| Intangible fixed assets21 | €4k | €3k | €796 | ▼ 69.3% |
| Tangible fixed assets22/27 | €58k | €64k | €32k | ▼ 49.0% |
| Current assets29/58 | €683k | €585k | €427k | ▼ 27.1% |
| Stocks and contracts in progress3 | €313k | €308k | €248k | ▼ 19.5% |
| Amounts receivable within one year40/41 | €322k | €234k | €153k | ▼ 34.8% |
| Cash at bank and in hand54/58 | €48k | €40k | €23k | ▼ 42.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €745k | €652k | €485k | ▼ 25.5% |
| Equity10/15 | €39k | €12k | €19k | ▲ 55.7% |
| Contributions10/11 | €6k | €6k | - | - |
| Reserves13 | €33k | €33k | €33k | = |
| Profit (loss) carried forward14 | - | €-27k | €-20k | ▲ 25.2% |
| Amounts payable17/49 | €705k | €639k | €466k | ▼ 27.1% |
| Amounts payable after more than one year17 | €26k | €40k | €26k | ▼ 34.3% |
| Amounts payable within one year42/48 | €679k | €599k | €440k | ▼ 26.6% |
| Trade debts44 | €158k | €134k | €112k | ▼ 15.9% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €33k | €-27k | €7k | ▲ 125% |
| + Depreciation and write-downs630 | €55k | €35k | €35k | = |
| Operating cash flow (approximation) | €89k | €8k | €42k | ▲ 418% |
| Investment in fixed assets (approximation) | - | €-40k | €-2k | ▲ 94.2% |
| Change in cash | - | €-8k | €-17k | ▼ 121% |
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
30-10
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 22-10-2024
2022
13-07
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 06-07-2022
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 24 days late
2020
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
15-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 46 days late
2019
31-12
Financial
Weakest financial yearnet €-27k
Net result drops to €-27k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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 | FRANK HEFFINCK MEENSESTEENWEG 347,
8501 BISSEGEM |
06-07-2022 → 22-10-2024 |