COTE BLANC 25
Open bankruptcyA bankruptcy procedure is open for COTE BLANC 25 according to publications in the Belgian State Gazette. The file additionally contains 2 judicial reorganisations.
No longer registered with the KBO; last annual accounts for fiscal year 2022.
Signals
Four 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 31-12-2023, 3 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 · 5 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline22-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 11-09-2023, 42 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
42 d late
2021
24 d early
2020
83 d late
2019
265 d late
← before the deadline
after the deadline →
Financials · fiscal year 2022, abbreviated schema
Equity
€18k
2021 · €-64k
2020: €-111k
2021: €-64k
2020 → 2022
Total assets
€596k▲ 1.5%
2021 · €587k
2020: €545k
2021: €587k
2020 → 2022
Net result
€81k▲ 71.5%
2021 · €48k
2020: €-57k
2021: €48k
2020 → 2022
Working capital
€8k
2021 · €-92k
2020: €-124k
2021: €-92k
2020 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202020212022Trend
Equity€-111k-€-64k▲ 42.6%€18k
Operating result€-48k-€68k€126k▲ 85.1%
Net result€-57k-€48k€81k▲ 71.5%
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 has risen two years in a row; 2022 is 85% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €596k
Fixed assets
€23k▼ 15.6%
Current assets
€573k▲ 2.4%
Equity and liabilities €596k
Equity
€18k
Debt
€579k
Debt finances 97.1% of the balance-sheet total.
Key figures and ratios
EBITDA
€130k▲
2021 · €79k
Cash flow
€86k▲
2021 · €59k
Solvency
2.9%▲
2021 · -10.9%
Current ratio
1.01▲
2021 · 0.86
Quick ratio
0.50▲
2021 · 0.49
Debt / equity
33.03▲
2021 · -10.19
ROE
464.8%
ROA
13.7%▲
2021 · 8.1%
Interest coverage
17.21▲
2021 · 3.93
Debt
€579k▼
2021 · €651k
Debt ≤ 1 year
€565k▼
2021 · €651k
Income taxes
€45k▲
2021 · €7k
Staff costs
€84k▲
2021 · €75k
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 · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€587k€596k▲
Fixed assets21/28€28k€23k▼
Intangible fixed assets21€583€403▼
Tangible fixed assets22/27€15k€11k▼
Plant, machinery and equipment23€1k€0▼
Furniture and vehicles24€14k€11k▼
Financial fixed assets28€12k€12k=
Current assets29/58€560k€573k▲
Stocks and contracts in progress3€239k€289k▲
Stocks30/36€239k€289k▲
Amounts receivable within one year40/41€249k€229k▼
Trade receivables40€129k€100k▼
Other amounts receivable41€120k€129k▲
Cash at bank and in hand54/58€69k€54k▼
Deferred charges and accrued income490/1€3k€781▼
Equity and liabilities
Total equity and liabilities10/49€587k€596k▲
Equity10/15€-64k€18k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-84k€-3k▲
Amounts payable17/49€651k€579k▼
Amounts payable within one year42/48€651k€565k▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€257k€224k▼
Suppliers440/4€257k€224k▼
Taxes, remuneration and social security45€395k€341k▼
Taxes450/3€386k€324k▼
Remuneration and social security454/9€9k€18k▲
Accrued charges and deferred income492/3€0€14k▲
Income statement
Code20212022
Remuneration, social security and pensions62€75k€84k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€4k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€25k
Other operating charges640/8€18k€6k▼
Gross operating margin9900€173k€245k▲
Operating profit (loss)9901€68k€126k▲
Financial income75/76B€7k€8k▲
Recurring financial income75€7k€8k▲
Financial charges65/66B€20k€8k▼
Recurring financial charges65€20k€8k▼
Profit (loss) for the period before taxes9903€55k€127k▲
Income taxes67/77€7k€45k▲
Profit (loss) for the period9904€48k€81k▲
Profit (loss) for the period to be appropriated9905€48k€81k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-84k€-3k▲
Profit (loss) brought forward from the previous period14P€-132k€-84k▲
Social balance
Average headcount (FTE)90872.52.7▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
22-12
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · COTE BLANC 25 BV GROTE MARKT(BEV) 25/1, 9120 BEVEREN-WAAS · event 18-12-2023
11-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 42 days late
2022
31-12
Financial
Highest result since 2020net €81k ▲71.5%
Operating result €126k, net result €81k, both a record.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
09-06
Judicial reorganisation
Plan homologation
Ondernemingsrechtbank Gent · 20220009 · event 30-05-2022
30-05
Judicial reorganisation
Plan homologation
Ondernemingsrechtbank Gent · 20220001 · event 16-05-2022
2021
31-12
Financial
Back to profitnet €48k
Net result €48k after one loss-making year.
22-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 83 days late
22-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 265 days late
2018
19-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 111 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | ALAIN CLEYMAN PR. JOS. CHARLOTTELAAN 71,
9100 SINT-NIKLAAS |
18-12-2023 → present |
| Curator | CATHA-
RINA ORLENT PR.JOS.CHARLOTTELAAN 71, 9100 SINT-NIKLAAS- |
18-12-2023 → present |