CHASTE
InactiveCHASTE was declared bankrupt on 11-10-2022 (Ondernemingsrechtbank Antwerpen, afdeling Turnhout); the bankruptcy was closed for insufficient assets by judgment of 31-10-2023, published in the Belgian State Gazette on 07-11-2023.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three 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 · 9 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline26-09-2026 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 30-08-2022, 30 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
30 d late
2020
30 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 50 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, abbreviated schema
Equity
-€38,239▼ 497%
2020 · -€6,405
Total assets
€23,935▼ 1.4%
2020 · €24,270
Net result
-€31,834▼ 496%
2020 · -€5,339
Working capital
-€51,041▼ 138%
2020 · -€21,437
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
Line2018201920202021
Operating result€1,781-€1,244▼ 30.2%-€2,167-€31,596▼ 1,358%
Net result€494--€21-€5,339▼ 24,789%-€31,834▼ 496%
Equity-€1,045--€1,066▼ 2.1%-€6,405▼ 501%-€38,239▼ 497%
Total assets€38,224-€32,156▼ 15.9%€24,270▼ 24.5%€23,935▼ 1.4%
Debt€39,269-€33,222▼ 15.4%€30,675▼ 7.7%€62,173▲ 103%
Working capital-€22,484--€19,849▲ 11.7%-€21,437▼ 8.0%-€51,041▼ 138%
Staff (FTE)0.4
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 €31,596 in 2021 against €2,167 in 2020; the loss grows and 2021 has the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €23,935
Fixed assets
€12,802 ▼ 14.8%
Current assets
€11,132 ▲ 20.5%
Key figures and ratios
EBITDA
-€26,672▼
2020 · €3,984
Cash flow
-€26,910▼
2020 · €813
Solvency
-159.8%▼
2020 · -26.4%
Current ratio
0.18▼
2020 · 0.30
Debt to equity
-1.63▼
2020 · 0.00
ROA
-133.0%▼
2020 · -22.0%
Interest coverage
-127.80
Debt ≤ 1 year
€62,173▲
2020 · €30,675
Income taxes
€36▼
2020 · €116
Staff costs
€11,528
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €11,528 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,404 | €6,570 | €6,151 | €4,924 | ▼ 19.9% |
| Other operating charges640/8 | - | - | - | €604 | - |
| Gross operating margin9900 | €10,438 | €9,343 | €5,713 | -€14,541 | ▼ 355% |
| Operating profit (loss)9901 | €1,781 | €1,244 | -€2,167 | -€31,596 | ▼ 1,358% |
| Financial income75/76B | - | - | - | €7 | - |
| Recurring financial income75 | €5 | €1 | €5 | €7 | ▲ 59.7% |
| Financial charges65/66B | - | - | - | €209 | - |
| Recurring financial charges65 | €1,178 | €1,149 | €3,060 | €209 | ▼ 93.2% |
| Profit (loss) for the period before taxes9903 | €608 | €95 | -€5,223 | -€31,798 | ▼ 509% |
| Income taxes67/77 | €114 | €117 | €116 | €36 | ▼ 69.0% |
| Profit (loss) for the period9904 | €494 | -€21 | -€5,339 | -€31,834 | ▼ 496% |
| Profit (loss) for the period to be appropriated9905 | €494 | -€21 | -€5,339 | -€31,834 | ▼ 496% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €38,224 | €32,156 | €24,270 | €23,935 | ▼ 1.4% |
| Fixed assets21/28 | €25,687 | €19,117 | €15,032 | €12,802 | ▼ 14.8% |
| Intangible fixed assets21 | €3,000 | €2,250 | €1,500 | €750 | ▼ 50.0% |
| Tangible fixed assets22/27 | €22,687 | €16,867 | €11,282 | €9,202 | ▼ 18.4% |
| Plant, machinery and equipment23 | - | - | - | €881 | - |
| Furniture and vehicles24 | - | - | - | €1,844 | - |
| Other tangible fixed assets26 | - | - | - | €6,478 | - |
| Financial fixed assets28 | - | - | €2,250 | €2,850 | ▲ 26.7% |
| Current assets29/58 | €12,537 | €13,039 | €9,239 | €11,132 | ▲ 20.5% |
| Amounts receivable within one year40/41 | €4,865 | €7,596 | €2,570 | €11,111 | ▲ 332% |
| Trade receivables40 | - | - | - | €8,696 | - |
| Other amounts receivable41 | - | - | - | €2,415 | - |
| Cash at bank and in hand54/58 | €6,156 | €3,177 | €4,783 | €21 | ▼ 99.6% |
| Deferred charges and accrued income490/1 | - | - | - | €0 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €38,224 | €32,156 | €24,270 | €23,935 | ▼ 1.4% |
| Equity10/15 | -€1,045 | -€1,066 | -€6,405 | -€38,239 | ▼ 497% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | - |
| Profit (loss) carried forward14 | -€19,645 | -€19,666 | -€25,005 | -€56,839 | ▼ 127% |
| Amounts payable17/49 | €39,269 | €33,222 | €30,675 | €62,173 | ▲ 103% |
| Amounts payable after more than one year17 | €4,248 | €334 | €0 | - | - |
| Amounts payable within one year42/48 | €35,021 | €32,888 | €30,675 | €62,173 | ▲ 103% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0 | - |
| Trade debts44 | €5,494 | €8,870 | €2,250 | €165 | ▼ 92.7% |
| Suppliers440/4 | - | - | - | €165 | - |
| Taxes, remuneration and social security45 | - | - | - | €2,427 | - |
| Taxes450/3 | - | - | - | €152 | - |
| Remuneration and social security454/9 | - | - | - | €2,275 | - |
| Other amounts payable47/48 | - | - | - | €59,581 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €494 | -€21 | -€5,339 | -€31,834 | ▼ 496% |
| + Depreciation and write-downs630 | €7,404 | €6,570 | €6,151 | €4,924 | ▼ 19.9% |
| Operating cash flow (approximation) | €7,898 | €6,549 | €813 | -€26,910 | ▼ 3,411% |
| Investment in fixed assets (approximation) | - | €0 | -€2,066 | -€2,695 | ▼ 30.4% |
| Change in cash | - | -€2,979 | €1,607 | -€4,762 | ▼ 396% |
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
2023
07-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 31-10-2023
2022
17-10
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 11-10-2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet -€31,834
Net result drops to -€31,834, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 31 days late
2014
14-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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 | MARK BRUURS ALPHENSEWEG 12, 2387 BAARLE-
HERTOG |
11-10-2022 → 31-10-2023 |