CHERMANA
InactiveCHERMANA was declared bankrupt on 23-01-2023 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 03-12-2024, published in the Belgian State Gazette on 09-12-2024.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline25-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 23-12-2021, 145 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
145 d late
2019
184 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Equity
€-28k▼ 5.7%
2019 · €-26k
2018: €-29klowest in 3 years
2019: €-26k▲ +8.7% vs 2018highest in 3 years
2020: €-28k▼ -5.7% vs 2019
2018 → 2020
Total assets
€99k▲ 15.5%
2019 · €85k
2018: €54klowest in 3 years
2019: €85k▲ +57.4% vs 2018
2020: €99k▲ +15.5% vs 2019highest in 3 years
2018 → 2020
Net result
€-2k
2019 · €3k
2018: €-18klowest in 3 years
2019: €3k▲ +114% vs 2018highest in 3 years
2020: €-2k▼ -160% vs 2019
2018 → 2020
Working capital
€-27k▲ 34.8%
2019 · €-42k
2018: €-43klowest in 3 years
2019: €-42k▲ +3.3% vs 2018
2020: €-27k▲ +34.8% vs 2019highest in 3 years
2018 → 2020
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€-29k-€-26k▲ 8.7%€-28k▼ 5.7%
2018: €-29klowest in 3 years
2019: €-26k▲ +8.7% vs 2018highest in 3 years
2020: €-28k▼ -5.7% vs 2019
Operating result€-16k-€4k€4k▲ 3.5%
2018: €-16klowest in 3 years
2019: €4k▲ +127% vs 2018
2020: €4k▲ +3.5% vs 2019highest in 3 years
Net result€-18k-€3k€-2k
2018: €-18klowest in 3 years
2019: €3k▲ +114% vs 2018highest in 3 years
2020: €-2k▼ -160% vs 2019
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2020 is 3% above 2019 and is the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €99k
Fixed assets
€44k ▲ 0.6%
Current assets
€55k ▲ 31.3%
Key figures and ratios
EBITDA
€19k▲
2019 · €15k
Cash flow
€13k▼
2019 · €14k
Solvency
-28.3%▲
2019 · -30.9%
Current ratio
0.67▲
2019 · 0.50
Quick ratio
0.45▲
2019 · 0.29
Debt to equity
-1.61▼
2019 · -1.09
ROA
-1.5%▼
2019 · 2.9%
Debt
€127k▲
2019 · €112k
Debt ≤ 1 year
€82k▼
2019 · €83k
Debt > 1 year
€45k▲
2019 · €29k
Income taxes
€0▼
2019 · €81
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2020 against 2019 · 27 lines
Balance sheet
Code20192020
Assets
Total assets20/58€85k€99k▲
Fixed assets21/28€44k€44k▲
Intangible fixed assets21€24k€19k▼
Tangible fixed assets22/27€19k€24k▲
Financial fixed assets28€1k€1k=
Current assets29/58€42k€55k▲
Stocks and contracts in progress3€18k€18k=
Amounts receivable within one year40/41€19k€33k▲
Cash at bank and in hand54/58€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€85k€99k▲
Equity10/15€-26k€-28k▼
Contributions10/11€19k-
Reserves13€2k€2k=
Profit (loss) carried forward14€-47k€-48k▼
Amounts payable17/49€112k€127k▲
Amounts payable after more than one year17€29k€45k▲
Amounts payable within one year42/48€83k€82k▼
Trade debts44€15k€20k▲
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€15k▲
Gross operating margin9900€41k€65k▲
Operating profit (loss)9901€4k€4k▲
Recurring financial income75€136€19▼
Recurring financial charges65€2k€6k▲
Profit (loss) for the period before taxes9903€3k€-2k▼
Income taxes67/77€81€0▼
Profit (loss) for the period9904€3k€-2k▼
Profit (loss) for the period to be appropriated9905€3k€-2k▼
Accounts by statement
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €11k | €15k | ▲ 35.2% |
| Gross operating margin9900 | €-4k | €41k | €65k | ▲ 60.6% |
| Operating profit (loss)9901 | €-16k | €4k | €4k | ▲ 3.5% |
| Recurring financial income75 | €0 | €136 | €19 | ▼ 86.1% |
| Recurring financial charges65 | €2k | €2k | €6k | ▲ 239% |
| Profit (loss) for the period before taxes9903 | €-18k | €3k | €-2k | ▼ 158% |
| Income taxes67/77 | - | €81 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €-18k | €3k | €-2k | ▼ 160% |
| Profit (loss) for the period to be appropriated9905 | €-18k | €3k | €-2k | ▼ 160% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €54k | €85k | €99k | ▲ 15.5% |
| Fixed assets21/28 | €29k | €44k | €44k | ▲ 0.6% |
| Intangible fixed assets21 | €28k | €24k | €19k | ▼ 20.0% |
| Tangible fixed assets22/27 | - | €19k | €24k | ▲ 26.6% |
| Financial fixed assets28 | €500 | €1k | €1k | = |
| Current assets29/58 | €25k | €42k | €55k | ▲ 31.3% |
| Stocks and contracts in progress3 | €18k | €18k | €18k | = |
| Amounts receivable within one year40/41 | €540 | €19k | €33k | ▲ 75.3% |
| Cash at bank and in hand54/58 | €7k | €5k | €4k | ▼ 15.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €54k | €85k | €99k | ▲ 15.5% |
| Equity10/15 | €-29k | €-26k | €-28k | ▼ 5.7% |
| Contributions10/11 | €19k | €19k | - | - |
| Reserves13 | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-49k | €-47k | €-48k | ▼ 3.2% |
| Amounts payable17/49 | €83k | €112k | €127k | ▲ 13.2% |
| Amounts payable after more than one year17 | €15k | €29k | €45k | ▲ 56.4% |
| Amounts payable within one year42/48 | €68k | €83k | €82k | ▼ 1.7% |
| Trade debts44 | €24k | €15k | €20k | ▲ 32.5% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-18k | €3k | €-2k | ▼ 160% |
| + Depreciation and write-downs630 | €5k | €11k | €15k | ▲ 35.2% |
| Operating cash flow (approximation) | €-14k | €14k | €13k | ▼ 1.1% |
| Investment in fixed assets (approximation) | - | €-26k | €-15k | ▲ 41.6% |
| Change in cash | - | €-2k | €-697 | ▲ 72.0% |
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
09-12
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · event 03-12-2024
2023
31-01
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 23-01-2023
2021
23-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 145 days late
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 184 days late
2019
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 57 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 17 days late
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
17-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 48 days late
2014
29-09
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 60 days late
2013
31-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
05-11
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 97 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 | CHRISTOPHE CHARDON AVENUE DU CENTE-
NAIRE 120, 1400 NIVELLES |
23-01-2023 → 03-12-2024 |