CHANNEL REFLEX
InactiveCHANNEL REFLEX was declared bankrupt on 25-04-2023 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 19-03-2024, published in the Belgian State Gazette on 25-03-2024.
No longer registered with the KBO; last annual accounts for fiscal year 2017.
Signals
Four signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 30-06-2017. Since then, 8 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 5 filingsPosition against the passed deadline
30-06-2018 close31-01-2019 deadline23-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-06-2017 was due by 31-01-2018 and was filed on 26-02-2018, 26 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 · 5 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
Financials · fiscal year 2017, micro schema
Equity
€-4k
2016 · €451
2013: €11k
2014: €6k
2015: €2k
2016: €451
2013 → 2017
Total assets
€3k▼ 56.2%
2016 · €6k
2013: €57k
2014: €22k
2015: €7k
2016: €6k
2013 → 2017
Net result
€-4k▼ 246%
2016 · €-1k
2013: €41k
2014: €-5k
2015: €-4k
2016: €-1k
2013 → 2017
Working capital
€-5k▼ 183%
2016 · €-2k
2013: €11k
2014: €6k
2015: €797
2016: €-2k
2013 → 2017
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20132014201520162017Trend
Equity€11k-€6k▼ 46.7%€2k▼ 72.8%€451▼ 71.9%€-4k
Operating result€44k-€-5k€-4k▲ 17.6%€-1k▲ 72.8%€-4k▼ 243%
Net result€41k-€-5k€-4k▲ 17.0%€-1k▲ 73.1%€-4k▼ 246%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4k in 2017 against €1k in 2016; the loss grows.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €3k
Fixed assets
€1k▼ 39.1%
Current assets
€1k▼ 65.5%
Key figures and ratios
EBITDA
€-3k▼
2016 · €-300
Cash flow
€-3k▼
2016 · €-304
Debt
€6k▲
2016 · €6k
Debt ≤ 1 year
€6k▲
2016 · €6k
Ratios withheld: a balance sheet total of €3k 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 · 2017 against 2016
Balance sheet
Code20162017
Assets
Total assets20/58€6k€3k▼
Fixed assets21/28€2k€1k▼
Tangible fixed assets22/27€2k€739▼
Financial fixed assets28€585€585=
Current assets29/58€4k€1k▼
Amounts receivable within one year40/41€2k€1k▼
Cash at bank and in hand54/58€2k€21▼
Equity and liabilities
Total equity and liabilities10/49€6k€3k▼
Equity10/15€451€-4k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Profit (loss) carried forward14€-8k€-12k▼
Amounts payable17/49€6k€6k▲
Amounts payable within one year42/48€6k€6k▲
Trade debts44€459€1k▲
Income statement
Code20162017
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€850€850=
Gross operating margin9900€47€-3k▼
Operating profit (loss)9901€-1k€-4k▼
Recurring financial income75€3€1▼
Recurring financial charges65€7€49▲
Profit (loss) for the period before taxes9903€-1k€-4k▼
Income taxes67/77€0-
Profit (loss) for the period9904€-1k€-4k▼
Profit (loss) for the period to be appropriated9905€-1k€-4k▼
Timeline · acts, filings and financial milestones
2024
25-03
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · CHANNEL REFLEX BV CULLIGANLAAN 1B, 1831- MACHELEN · event 19-03-2024
2023
09-05
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · CHANNEL REFLEX BV CULLI- GANLAAN 1B, 1831 - MACHELEN · event 25-04-2023
2018
26-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 26 days late
2017
17-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 17 days late
2016
18-02
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 18 days late
2015
29-01
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
30-06
Financial
Weakest financial yearnet €-5k ▼113%
Net result drops to €-5k, the lowest in the series.
18-02
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 18 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
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 | WINNY TIRMARCHE A. DE COCKPLEIN 9,
1831 DIEGEM |
25-04-2023 → present |