COINTELPRO
Open bankruptcyA bankruptcy procedure is open for COINTELPRO according to publications in the Belgian State Gazette; curator: CHRISTOPHE BAUDOUX.
Summary
The 2021 annual accounts show equity of €99k and a net result of €22k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Turnover
€402k
EBIT margin
6.1%
Net result
€22k▼ 65.4%
2020 · €64k
2018: €4k
2019: €-81k▼ -1945% vs 2018lowest in 4 years
2020: €64k▲ +179% vs 2019highest in 4 years
2021: €22k▼ -65.4% vs 2020
2018 → 2021
Working capital
€92k▲ 37.0%
2020 · €67k
2018: €84k
2019: €4k▼ -95.0% vs 2018lowest in 4 years
2020: €67k▲ +1501% vs 2019
2021: €92k▲ +37.0% vs 2020highest in 4 years
2018 → 2021
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€402k
Equity€94k-€13k▼ 86.3%€77k▲ 501%€99k▲ 28.8%
2018: €94k
2019: €13k▼ -86.3% vs 2018lowest in 4 years
2020: €77k▲ +501% vs 2019
2021: €99k▲ +28.8% vs 2020highest in 4 years
Operating result€12k-€-71k€65k€25k▼ 62.1%
2018: €12k
2019: €-71k▼ -717% vs 2018lowest in 4 years
2020: €65k▲ +191% vs 2019highest in 4 years
2021: €25k▼ -62.1% vs 2020
Net result€4k-€-81k€64k€22k▼ 65.4%
2018: €4k
2019: €-81k▼ -1945% vs 2018lowest in 4 years
2020: €64k▲ +179% vs 2019highest in 4 years
2021: €22k▼ -65.4% vs 2020
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 62% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €262k
Fixed assets
€8k ▼ 24.3%
Current assets
€254k ▲ 24.4%
Equity and liabilities €262k
Equity
€99k ▲ 28.8%
Debt
€162k ▲ 18.3%
Debt's share of the balance-sheet total falls from 64.1% to 62.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€27k▼
2020 · €67k
Cash flow
€25k▼
2020 · €66k
Current ratio
1.56▲
2020 · 1.49
Quick ratio
1.49▲
2020 · 1.40
Debt to equity
1.64
ROE
22.4%▼
2020 · 83.4%
ROA
8.5%▼
2020 · 30.0%
Interest coverage
11.73
Debt ≤ 1 year
€162k▲
2020 · €137k
Staff costs
€111k
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 · 2021 against 2020 · 43 lines
Balance sheet
Code20202021
Assets
Total assets20/58€214k€262k▲
Fixed assets21/28€10k€8k▼
Tangible fixed assets22/27€6k€3k▼
Furniture and vehicles24-€3k
Financial fixed assets28€5k€5k=
Current assets29/58€204k€254k▲
Stocks and contracts in progress3€13k€13k=
Stocks30/36-€13k
Amounts receivable within one year40/41€183k€235k▲
Trade receivables40-€148k
Other amounts receivable41-€87k
Cash at bank and in hand54/58€9k€6k▼
Equity and liabilities
Total equity and liabilities10/49€214k€262k▲
Equity10/15€77k€99k▲
Contributions10/11€11k€11k=
Capital10-€11k
Issued capital100-€19k
Uncalled capital101-€8k
Reserves13€2k€2k=
Non-distributable reserves130/1-€2k
Legal reserve130-€2k
Profit (loss) carried forward14€65k€87k▲
Amounts payable17/49€137k€162k▲
Amounts payable within one year42/48€137k€162k▲
Trade debts44€100k€136k▲
Suppliers440/4-€136k
Taxes, remuneration and social security45-€26k
Taxes450/3-€15k
Remuneration and social security454/9-€11k
Income statement
Code20202021
Turnover70-€402k
Goods, raw materials, services and sundry goods60/61-€264k
Remuneration, social security and pensions62-€111k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Gross operating margin9900€164k€138k▼
Operating profit (loss)9901€65k€25k▼
Recurring financial income75€83-
Financial charges65/66B-€2k
Recurring financial charges65€519€2k▲
Profit (loss) for the period before taxes9903€64k€22k▼
Profit (loss) for the period9904€64k€22k▼
Profit (loss) for the period to be appropriated9905€64k€22k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€87k
Profit (loss) brought forward from the previous period14P-€65k
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | - | - | €402k | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €264k | - |
| Remuneration, social security and pensions62 | - | - | - | €111k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €1k | €2k | €3k | ▲ 24.5% |
| Gross operating margin9900 | €124k | €50k | €164k | €138k | ▼ 15.7% |
| Operating profit (loss)9901 | €12k | €-71k | €65k | €25k | ▼ 62.1% |
| Recurring financial income75 | - | - | €83 | - | - |
| Financial charges65/66B | - | - | - | €2k | - |
| Recurring financial charges65 | €5k | €10k | €519 | €2k | ▲ 344% |
| Profit (loss) for the period before taxes9903 | €7k | €-81k | €64k | €22k | ▼ 65.4% |
| Income taxes67/77 | €2k | - | - | - | - |
| Profit (loss) for the period9904 | €4k | €-81k | €64k | €22k | ▼ 65.4% |
| Profit (loss) for the period to be appropriated9905 | €4k | €-81k | €64k | €22k | ▼ 65.4% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €201k | €177k | €214k | €262k | ▲ 22.1% |
| Fixed assets21/28 | €10k | €12k | €10k | €8k | ▼ 24.3% |
| Tangible fixed assets22/27 | €5k | €8k | €6k | €3k | ▼ 44.3% |
| Furniture and vehicles24 | - | - | - | €3k | - |
| Financial fixed assets28 | €5k | €5k | €5k | €5k | = |
| Current assets29/58 | €191k | €164k | €204k | €254k | ▲ 24.4% |
| Stocks and contracts in progress3 | €5k | €13k | €13k | €13k | = |
| Stocks30/36 | - | - | - | €13k | - |
| Amounts receivable within one year40/41 | €138k | €144k | €183k | €235k | ▲ 28.5% |
| Trade receivables40 | - | - | - | €148k | - |
| Other amounts receivable41 | - | - | - | €87k | - |
| Cash at bank and in hand54/58 | €18k | €1k | €9k | €6k | ▼ 26.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €201k | €177k | €214k | €262k | ▲ 22.1% |
| Equity10/15 | €94k | €13k | €77k | €99k | ▲ 28.8% |
| Contributions10/11 | €11k | €11k | €11k | €11k | = |
| Capital10 | - | - | - | €11k | - |
| Issued capital100 | - | - | - | €19k | - |
| Uncalled capital101 | - | - | - | €8k | - |
| Reserves13 | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | - | - | €2k | - |
| Legal reserve130 | - | - | - | €2k | - |
| Profit (loss) carried forward14 | €81k | €358 | €65k | €87k | ▲ 34.4% |
| Amounts payable17/49 | €107k | €164k | €137k | €162k | ▲ 18.3% |
| Amounts payable within one year42/48 | €107k | €160k | €137k | €162k | ▲ 18.3% |
| Trade debts44 | €106k | €147k | €100k | €136k | ▲ 36.6% |
| Suppliers440/4 | - | - | - | €136k | - |
| Taxes, remuneration and social security45 | - | - | - | €26k | - |
| Taxes450/3 | - | - | - | €15k | - |
| Remuneration and social security454/9 | - | - | - | €11k | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €-81k | €64k | €22k | ▼ 65.4% |
| + Depreciation and write-downs630 | €2k | €1k | €2k | €3k | ▲ 24.5% |
| Operating cash flow (approximation) | €6k | €-80k | €66k | €25k | ▼ 62.7% |
| Investment in fixed assets (approximation) | - | €-4k | €0 | €0 | - |
| Change in cash | - | €-17k | €7k | €-2k | ▼ 131% |
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
26-09
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 18-09-2023
2022
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 121 days late
08-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 192 days late
2020
31-12
Financial
Back to profitnet €64k
Net result €64k after one loss-making year.
03-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 95 days late
2019
31-12
Financial
Weakest financial yearnet €-81k
Net result drops to €-81k, the lowest in the series.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 58 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
2016
14-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
15-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
30-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
26-04
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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
Registered office, Brussel · 1 establishment unit since 2010
Ground area
2,626 m²
Building footprint
125 m²
Volume, LiDAR
720 m³
Parcel 21815D0248/00M000, Brussels · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Establishment
since 20102.194.533.641
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21815D0248/00M000 | Brussels | 2,626 m² | 1 · 125 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CHRISTOPHE BAUDOUX RUE CHARLIER 1,
1380 LASNE |
18-09-2023 → present |
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 6,241 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded12-10-2010
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.