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CHASSIS DIFFUSION

Inactive
KBO/BCE: BE 0460.165.228

CHASSIS DIFFUSION was declared bankrupt on 07-02-2022 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed by liquidation by judgment of 30-10-2023, published in the Belgian Official Gazette on 10-11-2023.

Summary

Inactive; last annual accounts for financial year 2020.

CHASSIS DIFFUSIONInactive

Are you a creditor?

Judicial reorganisation Source: Belgian Official Gazette

Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.

The procedure

Court
French-language Enterprise Court of Brussels
Opened
24 November 2021
Track
Reorganisation by collective agreement
Docket number
20210054
Moratorium until
23 March 2022 (passed; an extension would be in a later judgment)
Creditors' vote
9 March 2022
Delegated judge
RéGIS Van Caillie
Official Gazette
01-12-2021 (pdf) ↗search the document for 2021/141605

What to do now

  1. Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
  2. Check the amount the company lists you for: it has to tell you. If it is wrong, dispute it in writing.
  3. The company files a reorganisation plan and creditors vote on it at a hearing. A plan approved and confirmed by the court also binds those who voted against.
  4. What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
  5. The file is in RegSol, where you can read the documents of the procedure.

Deadlines: the judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette. The date of the vote on the plan is in the judgment and in RegSol.

View the file in RegSol ↗ Follow Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.

General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company

Overview

Activity
Activity not known
Size
€946,047total assets 2020
Staff
22.2 FTE
Equity
€268,234
Loss
-€20,916
Net result +88%: 12-month year
Financial health
Inactive: no score
Structure
Parent
CHASSIS DIFFUSION INVEST · 100%
10 deeds in the Belgian Official Gazette
Signalsraises riskIn judicial reorganisationneutralNo filing for yearsLatest accounts filed on timeShow the evidence

Signals

Three signals.
raises riskneutral
raises risk · In judicial reorganisation
Ongoing procedure under court protection (Book XX of the Code of Economic Law). The company is restructuring.
Belgian Official Gazette
neutral · No filing for years
The last filed financial year closed on 30-06-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filings
Position against the passed deadline
30-06-2021 year end31-01-2022 deadline27-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2020 was due by 31-01-2021 and was filed on 29-12-2020, 33 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2020
33 days early
2019
42 days early
2017
29 days late
2016
131 days early
2015
52 days late
2014
31 days early
2013
6 days early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 23 days before the deadline; the Belgian median for financial year 2020 is 1 day before the deadline, and 46% of all filings were late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Bankruptcy closure (by liquidation)French-language Enterprise Court of Brussels…
  2. OpeningFrench-language Enterprise Court of Brussels…
  3. OpeningFrench-language Enterprise Court of Brussels…

Financials · financial year 2020, full format

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€20,916▲ 88.2%
2019 · -€176,523
Working capital
€156,983▲ 113%
2019 · €73,657
Trend over the years

2019 to 2020, 2 financial years 2019 to 2020, 2 financial years

The operating result stays negative: a loss of €15,979 in 2020 against €160,820 in 2019; the loss shrinks.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€15,979 2020 Net result-€20,916 2020

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20192020
Operating result-€160,820--€15,979▲ 90.1%
Net result-€176,523--€20,916▲ 88.2%
Equity€189,150-€268,234▲ 41.8%
Total assets€883,974-€946,047▲ 7.0%
Debt€694,824-€677,814▼ 2.4%
Working capital€73,657-€156,983▲ 113%
Staff (FTE)20.9-22.2▲ 6.2%
Why a figure moved sharply
  • 2020 Net result +88% on 2019. The previous financial year ran 18 months, this one 12.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €946,047
Fixed assets €111,251 ▼ 6.7%
Current assets €834,797 ▲ 9.2%
Equity and liabilities €946,047
Equity €268,234 ▲ 41.8%
Debt €677,814 ▼ 2.4%
Debt's share of the balance-sheet total falls from 78.6% to 71.6%. Equity is higher and debt is lower.
Key figures and ratios
2020 value · change against 2019
EBITDA
€35,212▲
2019 · -€100,264
Cash flow
€30,274▲
2019 · -€115,967
Current ratio
1.23▲
2019 · 1.11
Quick ratio
0.96▲
2019 · 0.79
ROE
-7.8%▲
2019 · -93.3%
ROA
-2.2%▲
2019 · -20.0%
Debt ≤ 1 year
€677,814▼
2019 · €691,138
Income taxes
€1,689▼
2019 · €3,886
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2020 against 2019 · 26 lines
Balance sheet Code20192020
Assets
Total assets20/58€0.9m€0.9m▲
Fixed assets21/28€0.1m€0.1m▼
Intangible fixed assets21€0.03m€0.02m▼
Tangible fixed assets22/27€0.08m€0.06m▼
Financial fixed assets28€0.001m€0.04m▲
Current assets29/58€0.8m€0.8m▲
Stocks and contracts in progress3€0.2m€0.2m▼
Amounts receivable within one year40/41€0.4m€0.5m▲
Cash at bank and in hand54/58€0.07m€0.1m▲
Equity and liabilities
Total equity and liabilities10/49€0.9m€0.9m▲
Equity10/15€0.2m€0.3m▲
Contributions10/11€0.3m€0.4m▲
Reserves13€0.009m€0.009m=
Profit (loss) carried forward14-€0.1m-€0.2m▼
Amounts payable17/49€0.7m€0.7m▼
Amounts payable within one year42/48€0.7m€0.7m▼
Trade debts44€0.3m€0.4m▲
Income statement Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.06m€0.05m▼
Gross operating margin9900€1.7m€1.2m▼
Operating profit (loss)9901-€0.2m-€0.02m▲
Recurring financial income75€0.004m€0.01m▲
Recurring financial charges65€0.02m€0.02m▼
Profit (loss) for the period before taxes9903-€0.2m-€0.02m▲
Income taxes67/77€0.004m€0.002m▼
Profit (loss) for the period9904-€0.2m-€0.02m▲
Profit (loss) for the period to be appropriated9905-€0.2m-€0.02m▲
Line20192020Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.06m€0.05m▼ 15.5%
Gross operating margin9900€1.7m€1.2m▼ 27.4%
Operating profit (loss)9901-€0.2m-€0.02m▲ 90.1%
Recurring financial income75€0.004m€0.01m▲ 188%
Recurring financial charges65€0.02m€0.02m▼ 5.5%
Profit (loss) for the period before taxes9903-€0.2m-€0.02m▲ 88.9%
Income taxes67/77€0.004m€0.002m▼ 56.5%
Profit (loss) for the period9904-€0.2m-€0.02m▲ 88.2%
Profit (loss) for the period to be appropriated9905-€0.2m-€0.02m▲ 88.2%
Line20192020Change
Assets
Total assets20/58€883,974€946,047▲ 7.0%
Fixed assets21/28€119,179€111,251▼ 6.7%
Intangible fixed assets21€34,167€15,247▼ 55.4%
Tangible fixed assets22/27€84,388€60,862▼ 27.9%
Financial fixed assets28€624€35,141▲ 56×
Current assets29/58€764,795€834,797▲ 9.2%
Stocks and contracts in progress3€219,585€182,810▼ 16.7%
Amounts receivable within one year40/41€445,027€452,515▲ 1.7%
Cash at bank and in hand54/58€70,106€147,892▲ 111%
Equity and liabilities
Total equity and liabilities10/49€883,974€946,047▲ 7.0%
Equity10/15€189,150€268,234▲ 41.8%
Contributions10/11€318,592€418,592▲ 31.4%
Reserves13€9,000€9,000=
Profit (loss) carried forward14-€138,442-€159,358▼ 15.1%
Amounts payable17/49€694,824€677,814▼ 2.4%
Amounts payable within one year42/48€691,138€677,814▼ 1.9%
Trade debts44€291,581€370,252▲ 27.0%
Line20192020Change
Profit (loss) for the period9904-€176,523-€20,916▲ 88.2%
+ Depreciation and write-downs630€60,556€51,191▼ 15.5%
Operating cash flow (approximation)-€115,967€30,274-
Investment in fixed assets (approximation)--€43,262-
Change in cash-€77,786-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 23 filings with the National Bank
Financial year Type Filed Reference
30-06-2020 full format 29-12-2020 2020-77200410
30-06-2019 full format 20-12-2019 2019-76800426
31-12-2017 full format 29-08-2018 2018-55700459
31-12-2016 full format 22-03-2017 2017-07200103
31-12-2015 full format 21-09-2016 2016-60900511
31-12-2014 full format 30-06-2015 2015-26600257
31-12-2013 full format 25-07-2014 2014-35000068
31-12-2012 full format 01-07-2013 2013-26600196
31-12-2011 full format 29-06-2012 2012-25000577
31-12-2010 full format 29-07-2011 2011-36600058

Show all 23 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 10 Gazette acts processed. See the directors and other office holders in the KBO →

Insolvency mandates

1 mandate
Role Name Tenure
Trustee Jacques Piron
Avenue De La Toison D’Or 77, 1060 Bruxelles 6
07-02-2022 → 30-10-2023

Owners and capital

Owners

1 owner

Chain of control

  1. CHASSIS DIFFUSION INVEST 100%
  2. CHASSIS DIFFUSION

Highest known parent: CHASSIS DIFFUSION INVEST. The sources do not say who stands above it.

Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.

Group and network

Connections & network

Depth

The network starts from this company’s shareholders. What else they own or run appears here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

CHASSIS DIFFUSION has filed 23 sets of annual accounts, the latest for financial year 2020.1 The company was declared bankrupt on 7 February 2022; the bankruptcy was closed on 30 October 2023.23

  1. 1National Bank, annual accounts 2020
  2. 2Belgian Official Gazette, 17-02-2022
  3. 3Belgian Official Gazette, 10-11-2023

Acts, filings and financial milestones

2023
10-11
Bankruptcy Bankruptcy closure (by liquidation)
French-language Enterprise Court of Brussels · judgment of 30-10-2023
2022
17-02
Bankruptcy Opening
French-language Enterprise Court of Brussels · judgment of 07-02-2022
2021
01-12
Judicial reorganisation Opening
French-language Enterprise Court of Brussels · collective agreement · judgment of 24-11-2021
2020
29-12
NBB filing Annual accounts filed
financial year 2020 · full format
30-06
Financial Equity above €200,000equity €268,234 ▲41.8%
Equity rises from €189,150 to €268,234.
2019
20-12
NBB filing Annual accounts filed
financial year 2019 · full format
2018
29-08
NBB filing Annual accounts filed
financial year 2017 · full format · 29 days late
2017
22-03
NBB filing Annual accounts filed
financial year 2016 · full format
2016
21-09
NBB filing Annual accounts filed
financial year 2015 · full format · 52 days late
2015
30-06
NBB filing Annual accounts filed
financial year 2014 · full format
2014
25-07
NBB filing Annual accounts filed
financial year 2013 · full format
2013
01-07
NBB filing Annual accounts filed
financial year 2012 · full format
2012
29-06
NBB filing Annual accounts filed
financial year 2011 · full format
2011
29-07
NBB filing Annual accounts filed
financial year 2010 · full format
SignalFinancial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 23 annual accounts filed, the latest 10 are here; all 23 are under Financials.
0 of 10 deeds read
About the unread acts

We know of 10 Belgian Official 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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Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.