Contech

Open bankruptcy

Private limited companyfounded 2006KBO/BCE: BE 0882.339.219

A bankruptcy procedure is open for Contech according to publications in the Belgian State Gazette. The 2021 annual accounts show negative equity (€-117k) and a net result of €81k.

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Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Latest accounts filed on time

The financial year that closed on 30-09-2021 was due by 30-04-2022 and was filed on 29-04-2022, 1 day ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not filed

2024

not filed

2023

not filed

2022

not filed

2021

1 d early

2020

164 d late

2018

28 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2021, micro schema

Equity

€-117k▲ 41.1%

2020 · €-198k

2018: €-162k 2020: €-198k

2018 → 2021

Total assets

€197k▲ 217%

2020 · €62k

2020: €62k

2020 → 2021

Net result

€81k

2020 · €-36k

2018: €-604 2020: €-36k

2018 → 2021

Working capital

€-118k▲ 40.8%

2020 · €-200k

2020: €-200k

2020 → 2021

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line201820202021Trend

Equity€-162k-€-198k▼ 22.0%€-117k▲ 41.1%

Operating result€-554-€-35k▼ 6,265%€82k

Net result€-604-€-36k▼ 5,811%€81k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2021: €82k after a loss of €35k in 2020, the highest result in the available series.

Balance-sheet composition

2021 in colour, 2020 as the grey bar beneath

Assets €197k

99.3%

Fixed assets €1k=

Current assets €196k▲ 222%

Key figures and ratios

2021 value · change against 2020

Solvency

-59.2%▲

2020 · -319.0%

Current ratio

0.62▲

2020 · 0.23

Quick ratio

0.62▲

2020 · 0.23

Debt / equity

-2.69

ROA

41.4%▲

2020 · -57.5%

Debt

€314k▲

2020 · €260k

Debt ≤ 1 year

€314k▲

2020 · €260k

Staff costs

€151k

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 · 2021 against 2020

Balance sheet Code20202021

Assets

Total assets20/58€62k€197k▲

Fixed assets21/28€1k€1k=

Financial fixed assets28€1k€1k=

Current assets29/58€61k€196k▲

Amounts receivable within one year40/41€60k€54k▼

Trade receivables40-€52k

Other amounts receivable41-€2k

Cash at bank and in hand54/58€705€80▼

Deferred charges and accrued income490/1-€141k

Equity and liabilities

Total equity and liabilities10/49€62k€197k▲

Equity10/15€-198k€-117k▲

Contributions10/11-€25k

Reserves13€120€120=

Non-distributable reserves130/1-€120

Reserves not available under the articles1311-€120

Profit (loss) carried forward14€-223k€-142k▲

Amounts payable17/49€260k€314k▲

Amounts payable within one year42/48€260k€314k▲

Trade debts44€52k€78k▲

Suppliers440/4-€78k

Taxes, remuneration and social security45-€7k

Taxes450/3-€3k

Remuneration and social security454/9-€4k

Other amounts payable47/48-€229k

Income statement Code20202021

Remuneration, social security and pensions62-€151k

Non-recurring operating charges66A-€811

Gross operating margin9900€92k€233k▲

Operating profit (loss)9901€-35k€82k▲

Financial income75/76B-€0

Recurring financial income75-€0

Financial charges65/66B-€279

Recurring financial charges65€437€279▼

Profit (loss) for the period before taxes9903€-36k€81k▲

Profit (loss) for the period9904€-36k€81k▲

Profit (loss) for the period to be appropriated9905€-36k€81k▲

Appropriation of the result

Profit (loss) to be appropriated9906-€-142k

Profit (loss) brought forward from the previous period14P-€-223k

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Signals 1Financial 2Filings 10

2022

30-05

Bankruptcy Opening

Ondernemingsrechtbank Leuven · CONTECH BV BRUG- STRAAT 115, 2960 BRECHT · event 19-05-2022

29-04

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

11-10

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 164 days late

30-09

Financial Back to profitnet €81k

Net result €81k after 2 loss-making years.

2020

30-09

Financial Weakest financial yearnet €-36k

Net result drops to €-36k, the lowest in the series.

2019

28-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 28 days late

2018

10-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 10 days late

2017

02-05

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

08-03

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 220 days late

2016

17-01

NBB filing Annual accounts filed

fiscal year 2014 · abbreviated schema · 170 days late

2014

08-11

NBB filing Annual accounts filed

fiscal year 2013 · abbreviated schema · 100 days late

16-09

NBB filing Annual accounts filed

fiscal year 2012 · abbreviated schema · 412 days late

03-09

NBB filing Annual accounts filed

fiscal year 2011 · abbreviated schema · 764 days late

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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

1 establishment unit since 2006

establishment The establishment unit on the map

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.

Ground area

1,673 m²

Building footprint

1,060 m²

Volume, LiDAR

5,790 m³

2 parcels, Flanders · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

Establishment

NACE 70111

since 20062.155.754.724

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11042A0092/02P000	Flanders	1,050 m²	1 · 757 m²	7.2 m · 2 fl.
24097O0098/00W005	Flanders	622 m²	1 · 303 m²	9.9 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Insolvency mandates

2 mandates

Role	Name	Tenure
Curator	WIM BOLLEN STEENWEG OP ST-JORIS-WINGE 21, 3200 AARSCHOT	19-05-2022 → present
Curator	THOMAS VANDENDRIES STEENWEG OP ST-JORIS-WINGE 21, 3200 AARSCHOT	19-05-2022 → present