CARS4U
InactiveCARS4U was declared bankrupt on 04-07-2024 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 07-10-2025, published in the Belgian State Gazette on 10-10-2025.
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 31-12-2022, 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 deadline22-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 14-10-2022, 75 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 confirmed
2024
not filed
2023
not filed
2022
not filed
2021
75 d late
2020
135 d late
2019
151 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Equity
€-18k▼ 15.8%
2020 · €-16k
2018: €39k
2019: €9k
2020: €-16k
2018 → 2021
Total assets
€64▼ 97.7%
2020 · €3k
2018: €103k
2019: €109k
2020: €3k
2018 → 2021
Net result
€-2k▲ 89.9%
2020 · €-24k
2018: €-9k
2019: €-30k
2020: €-24k
2018 → 2021
Working capital
€-418▲ 66.2%
2020 · €-1k
2018: €12k
2019: €-12k
2020: €-1k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€39k-€9k▼ 77.8%€-16k€-18k▼ 15.8%
Operating result€-3k-€-17k▼ 439%€-22k▼ 29.6%€-2k▲ 89.0%
Net result€-9k-€-30k▼ 241%€-24k▲ 19.7%€-2k▲ 89.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2021 against €22k in 2020; the loss shrinks.
Key figures and ratios
EBITDA
€-2k▲
2020 · €-22k
Cash flow
€-2k▲
2020 · €-24k
Interest coverage
-128.58
Debt
€18k▼
2020 · €18k
Debt ≤ 1 year
€482▼
2020 · €4k
Debt > 1 year
€18k▲
2020 · €14k
Ratios withheld: a balance sheet total of €64 is too small for a meaningful ratio.
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€3k€64▼
Fixed assets21/28€62-
Tangible fixed assets22/27€62-
Current assets29/58€3k€64▼
Amounts receivable within one year40/41€3k-
Cash at bank and in hand54/58€5€64▲
Equity and liabilities
Total equity and liabilities10/49€3k€64▼
Equity10/15€-16k€-18k▼
Contributions10/11-€6k
Reserves13€32k€32k=
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Distributable reserves133-€31k
Profit (loss) carried forward14€-54k€-57k▼
Amounts payable17/49€18k€18k▼
Amounts payable after more than one year17€14k€18k▲
Other amounts payable178/9-€18k
Amounts payable within one year42/48€4k€482▼
Trade debts44€454-
Taxes, remuneration and social security45-€482
Taxes450/3-€482
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€398€62▼
Other operating charges640/8-€542
Gross operating margin9900€-854€-2k▼
Operating profit (loss)9901€-22k€-2k▲
Financial charges65/66B-€18
Recurring financial charges65€2k€18▼
Profit (loss) for the period before taxes9903€-24k€-2k▲
Income taxes67/77€218-
Profit (loss) for the period9904€-24k€-2k▲
Profit (loss) for the period to be appropriated9905€-24k€-2k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-57k
Profit (loss) brought forward from the previous period14P-€-54k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · CARS4U BV PELIKAANSTRAAT 3, 2018 ANTWERPEN 1 · event 07-10-2025
2024
10-07
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · CARS4U BV PELIKAAN- STRAAT 3, 2018 ANTWERPEN 1 · event 04-07-2024
2022
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2021
13-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 135 days late
2020
29-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 151 days late
2019
31-12
Financial
Weakest financial yearnet €-30k
Net result drops to €-30k, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 22 days late
2015
28-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
12-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
31-07
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.
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
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 | GUY VANHOUCKE ANSELMOSTRAAT 2,
2018 ANTWERPEN 1 |
04-07-2024 → present |