CARTHAGO
InactiveCARTHAGO was declared bankrupt on 02-11-2021 (Tribunal de l’entreprise de Liège, division Liège); the bankruptcy was closed for insufficient assets by judgment of 05-03-2024, published in the Belgian State Gazette on 11-04-2024.
Summary
Inactive; last annual accounts for fiscal year 2021.
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 31-01-2021. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 8 filingsPosition against the passed deadline
31-01-2022 close31-08-2022 deadline29-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-01-2021 was due by 31-08-2021 and was filed on 29-10-2021, 59 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 · 8 filingsDeviation from the deadline
2026
not confirmed
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
59 d late
2020
424 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 242 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€14,758▲ 623%
2020 · €2,041
Working capital
-€268,015▲ 14.0%
2020 · -€311,576
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201920202021
Operating result-€281,040-€4,351€16,027▲ 268%
Net result-€295,691-€2,041€14,758▲ 623%
Equity-€282,512--€280,471▲ 0.7%-€265,712▲ 5.3%
Total assets€131,166-€40,241▼ 69.3%€8,778▼ 78.2%
Debt€413,678-€320,711▼ 22.5%€274,490▼ 14.4%
Working capital-€293,118--€311,576▼ 6.3%-€268,015▲ 14.0%
Staff (FTE)6.9-
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2021 is 268% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €8,778
Fixed assets
€2,303 ▼ 92.6%
Current assets
€6,475 ▼ 29.1%
Key figures and ratios
EBITDA
€44,830
Cash flow
€43,561
Current ratio
0.02▼
2020 · 0.03
ROA
168.1%▲
2020 · 5.1%
Debt ≤ 1 year
€274,490▼
2020 · €320,711
A ratio outside any meaningful range has been withheld (balance sheet total €8,778, equity -€265,712).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,722 | - | €28,803 | - |
| Gross operating margin9900 | -€18,404 | €4,411 | €44,830 | ▲ 916% |
| Operating profit (loss)9901 | -€281,040 | €4,351 | €16,027 | ▲ 268% |
| Recurring financial income75 | €346 | €497 | - | - |
| Recurring financial charges65 | €14,997 | €2,807 | €1,269 | ▼ 54.8% |
| Profit (loss) for the period before taxes9903 | -€295,691 | €2,041 | €14,758 | ▲ 623% |
| Profit (loss) for the period9904 | -€295,691 | €2,041 | €14,758 | ▲ 623% |
| Profit (loss) for the period to be appropriated9905 | -€295,691 | €2,041 | €14,758 | ▲ 623% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €131,166 | €40,241 | €8,778 | ▼ 78.2% |
| Fixed assets21/28 | €31,106 | €31,105 | €2,303 | ▼ 92.6% |
| Tangible fixed assets22/27 | €28,803 | €28,803 | - | - |
| Financial fixed assets28 | €2,303 | €2,303 | €2,303 | = |
| Current assets29/58 | €100,060 | €9,135 | €6,475 | ▼ 29.1% |
| Amounts receivable within one year40/41 | €34,541 | €3,058 | €3,058 | = |
| Cash at bank and in hand54/58 | €65,482 | €6,077 | €3,417 | ▼ 43.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €131,166 | €40,241 | €8,778 | ▼ 78.2% |
| Equity10/15 | -€282,512 | -€280,471 | -€265,712 | ▲ 5.3% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €36,372 | €36,372 | €36,372 | = |
| Profit (loss) carried forward14 | -€338,884 | -€336,843 | -€322,084 | ▲ 4.4% |
| Amounts payable17/49 | €413,678 | €320,711 | €274,490 | ▼ 14.4% |
| Amounts payable after more than one year17 | €17,700 | - | - | - |
| Amounts payable within one year42/48 | €393,178 | €320,711 | €274,490 | ▼ 14.4% |
| Trade debts44 | €314,488 | €273,891 | €227,667 | ▼ 16.9% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€295,691 | €2,041 | €14,758 | ▲ 623% |
| + Depreciation and write-downs630 | €28,722 | - | €28,803 | - |
| Operating cash flow (approximation) | -€266,969 | €2,041 | €43,561 | ▲ 2,034% |
| Investment in fixed assets (approximation) | - | €1 | €0 | ▼ 100% |
| Change in cash | - | -€59,405 | -€2,660 | ▲ 95.5% |
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
11-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise de Liège, division Liège · event 05-03-2024
2022
31-08
Bankruptcy
Supervising judge replaced
Tribunal de l’entreprise de Liège, division Liège · event 21-02-2022
2021
26-11
Bankruptcy
Supervising judge replaced
Tribunal de l’entreprise de Liège, division Liège · event 22-11-2021
12-11
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 02-11-2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 59 days late
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 424 days late
31-01
Financial
Highest result since 2019net €14,758 ▲623%
Operating result €16,027, net result €14,758, both a record.
2020
31-01
Financial
Back to profitnet €2,041
Net result €2,041 after one loss-making year.
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 30 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 26 days late
2017
20-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 20 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
2014
31-10
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 61 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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 | JOSEPH GEORGE RUE DE LA MOTTE 41, 4500 HUY- |
02-11-2021 → 05-03-2024 |