CRAVAMO
Open bankruptcySummary
A bankruptcy procedure is open for CRAVAMO according to publications in the Belgian State Gazette. The 2017 annual accounts show negative equity (€-195k) and a net result of €-279k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 01-07-2018, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2017, abbreviated schema
Turnover
€500k▼ 26.8%
2016 · €683k
EBIT margin
-31.0%▼ 21.4pp
2016 · -9.6%
Net result
€-279k▼ 199%
2016 · €-94k
Working capital
€-360k
2016 · €31k
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
Line20132014201520162017
Turnover€1.97M€683k▼ 65.4%€500k▼ 26.8%
Operating result€32k-€49k▲ 53.6%€43k▼ 11.3%€-65k€-155k▼ 137%
Net result€-11k-€10k€13k▲ 30.0%€-94k€-279k▼ 199%
EBIT margin2.2%-9.6%▼ 11.8pp-31.0%▼ 21.4pp
Equity€154k-€165k▲ 6.5%€178k▲ 8.0%€84k▼ 52.6%€-195k
Total assets€845k-€1.08M▲ 27.9%€900k▼ 16.7%€687k▼ 23.7%€593k▼ 13.6%
Debt€691k-€916k▲ 32.6%€722k▼ 21.2%€602k▼ 16.6%€788k▲ 30.9%
Working capital€107k-€114k▲ 6.6%€125k▲ 9.3%€31k▼ 75.1%€-360k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €155k in 2017 against €65k in 2016; the loss grows and 2017 has the lowest result in the available series.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €593k
Fixed assets
€261k ▲ 59.1%
Current assets
€332k ▼ 36.4%
Key figures and ratios
EBITDA
€-125k▼
2016 · €-47k
Cash flow
€-250k▼
2016 · €-75k
Solvency
-32.9%▼
2016 · 12.3%
Current ratio
0.48▼
2016 · 1.06
Quick ratio
0.44▼
2016 · 0.97
Debt to equity
-0.49▼
2016 · 1.32
ROA
-47.0%▼
2016 · -13.6%
Debt ≤ 1 year
€692k▲
2016 · €492k
Debt > 1 year
€96k▼
2016 · €111k
Income taxes
€68k▲
2016 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €1.97M | €683k | €500k | ▼ 26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27k | €23k | €18k | €19k | €30k | ▲ 60.1% |
| Gross operating margin9900 | €65k | €76k | €63k | €-25k | €-4k | ▲ 82.9% |
| Operating profit (loss)9901 | €32k | €49k | €43k | €-65k | €-155k | ▼ 137% |
| Recurring financial income75 | €38k | €28k | €13k | €14k | €3k | ▼ 79.6% |
| Recurring financial charges65 | €84k | €63k | €38k | €43k | €59k | ▲ 38.7% |
| Profit (loss) for the period before taxes9903 | €-11k | €13k | €19k | €-94k | €-211k | ▼ 126% |
| Income taxes67/77 | - | €3k | €6k | €0 | €68k | - |
| Profit (loss) for the period9904 | €-11k | €10k | €13k | €-94k | €-279k | ▼ 199% |
| Profit (loss) for the period to be appropriated9905 | €-11k | €10k | €13k | €-94k | €-279k | ▼ 199% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €845k | €1.08M | €900k | €687k | €593k | ▼ 13.6% |
| Formation expenses20 | - | - | €0 | €0 | €0 | - |
| Fixed assets21/28 | €216k | €199k | €181k | €164k | €261k | ▲ 59.1% |
| Intangible fixed assets21 | - | - | €0 | - | €125k | - |
| Tangible fixed assets22/27 | €209k | €187k | €168k | €151k | €135k | ▼ 10.5% |
| Financial fixed assets28 | €6k | €12k | €12k | €13k | €960 | ▼ 92.6% |
| Current assets29/58 | €630k | €882k | €719k | €523k | €332k | ▼ 36.4% |
| Stocks and contracts in progress3 | €33k | €37k | €56k | €48k | €30k | ▼ 37.2% |
| Amounts receivable within one year40/41 | €452k | €799k | €500k | €263k | €177k | ▼ 32.5% |
| Cash at bank and in hand54/58 | €117k | €28k | €12k | €11k | €18k | ▲ 61.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €845k | €1.08M | €900k | €687k | €593k | ▼ 13.6% |
| Equity10/15 | €154k | €165k | €178k | €84k | €-195k | ▼ 332% |
| Contributions10/11 | €63k | €63k | €63k | €63k | €63k | = |
| Reserves13 | €103k | €103k | €103k | €103k | €103k | = |
| Profit (loss) carried forward14 | €-11k | €-937 | €12k | €-81k | €-360k | ▼ 343% |
| Amounts payable17/49 | €691k | €916k | €722k | €602k | €788k | ▲ 30.9% |
| Amounts payable after more than one year17 | €168k | €149k | €128k | €111k | €96k | ▼ 13.1% |
| Amounts payable within one year42/48 | €523k | €768k | €594k | €492k | €692k | ▲ 40.8% |
| Trade debts44 | €57k | €245k | €223k | €76k | €81k | ▲ 7.0% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-11k | €10k | €13k | €-94k | €-279k | ▼ 199% |
| + Depreciation and write-downs630 | €27k | €23k | €18k | €19k | €30k | ▲ 60.1% |
| Operating cash flow (approximation) | €16k | €33k | €31k | €-75k | €-250k | ▼ 233% |
| Investment in fixed assets (approximation) | - | €-6k | €0 | €-2k | €-127k | ▼ 7,884% |
| Change in cash | - | €-89k | €-16k | €-1k | €7k | ▲ 598% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2019
20-03
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · event 14-03-2019
2018
01-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
20-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 204 days late
06-02
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 555 days late
2017
31-12
Financial
Weakest financial yearnet €-279k
Net result drops to €-279k, the lowest in the series.
2016
14-03
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 227 days late
2015
31-12
Financial
Highest result since 2013net €13k ▲30%
Net result €13k, the highest in the series.
19-03
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 231 days late
2014
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
2013
27-09
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 58 days late
2012
20-08
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 20 days late
23-02
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 207 days late
2010
17-08
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema · 17 days late
2009
28-08
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema · 28 days late
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, Tienen · 1 establishment unit since 2002
Ground area
9,381 m²
Building footprint
155 m²
Volume, LiDAR
942 m³
2 parcels, Flanders · tallest building 13.4 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Hoeledensebaan 14, 3471 Kortenaken
since 20022.101.208.654
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24042C0199/00L000 | Flanders | 9,159 m² | 1 · 12 m² | 7.7 m · 2 fl. |
| 24593G0707/00W000 | Flanders | 221 m² | 1 · 143 m² | 13.4 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
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 | ANOUK DE VLEESHOUWER ENGELANDSTRAAT 61,
3290 DIEST |
14-03-2019 → present |
| Curator | ELS VAN ERUM ENGELAND-
STRAAT 61, 3290 DIEST |
14-03-2019 → present |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded11-08-2000
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.