CRES² (0478.040.249), Bankruptcy: financials and annual accounts

CRES²

Antwerp ·KBO/BCE: BE 0478.040.249

Line	2021	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	263	14,886	11,507	29,300	22,818	3,060	4,902	5,418	61,307	33,018	28,313	41,599	53,078	72,376	59,858
Fixed assets`21/28`	-	-	-	-	-	-	-	-	20,153	20,532	27,513	36,382	45,250	53,208	25,626
Tangible fixed assets`22/27`	-	-	-	-	-	-	-	-	234	613	7,594	16,463	25,331	33,289	5,707
Plant, machinery and equipment`23`	-	-	-	-	-	-	-	-	234	613	288	1,851	3,414	4,066	5,707
Furniture and vehicles`24`	-	-	-	-	-	-	-	-	-	-	7,306	14,612	21,917	29,223	-
Financial fixed assets`28`	-	-	-	-	-	-	-	-	19,919	19,919	19,919	19,919	19,919	19,919	19,919
Current assets`29/58`	263	14,886	11,507	29,300	22,818	3,060	4,902	5,418	41,154	12,486	800	5,217	7,828	19,168	34,232
Amounts receivable within one year`40/41`	263	14,886	11,161	28,860	22,818	3,060	4,830	2,806	40,690	11,946	275	3,368	3,520	2,323	3,559
Trade receivables`40`	-	14,886	11,161	28,860	21,041	3,060	-	-	15,192	11,946	275	3,368	3,520	2,311	3,559
Other amounts receivable`41`	263	-	-	-	1,777	-	4,830	2,806	25,498	-	-	-	-	12	-
Cash at bank and in hand`54/58`	1	-	347	440	-	-	72	2,612	-	-	-	1,849	4,308	16,845	30,673
Deferred charges and accrued income`490/1`	-	-	-	-	-	-	-	-	464	540	525	-	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	263	14,886	11,507	29,300	22,818	3,060	4,902	5,418	61,307	33,018	28,313	41,599	53,078	72,376	59,858
Equity`10/15`	-161,789	-135,959	-136,556	-126,370	-112,291	-122,448	-111,867	-133,861	-64,531	-63,018	-50,349	-16,270	-87	22,038	39,120
Contributions`10/11`	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
Capital`10`	6,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issued capital`100`	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Uncalled capital`101`	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400
Reserves`13`	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
Non-distributable reserves`130/1`	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
Profit (loss) carried forward`14`	-169,849	-144,019	-144,616	-134,430	-120,351	-130,508	-119,927	-141,921	-72,591	-71,078	-58,409	-24,330	-8,147	13,978	31,060
Amounts payable`17/49`	162,052	150,845	148,064	155,670	135,109	125,508	116,769	139,279	125,838	96,036	78,662	57,869	53,165	50,338	20,738
Amounts payable after more than one year`17`	35,000	35,000	35,000	35,000	35,000	35,000	35,000	35,000	35,000	35,000	35,000	35,000	35,000	35,000	-
Other amounts payable`178/9`	35,000	35,000	35,000	35,000	35,000	35,000	35,000	35,000	35,000	35,000	35,000	35,000	35,000	35,000	-
Amounts payable within one year`42/48`	127,052	115,845	113,064	120,670	100,109	90,508	81,769	104,279	90,838	61,036	43,662	22,869	15,785	14,172	20,738
Financial debts`43`	56,397	47,992	45,132	30,091	39,947	30,235	24,528	-	2,382	1,994	487	-	-	-	-
Credit institutions`430/8`	56,397	47,992	45,132	30,091	39,947	30,235	24,528	-	2,382	1,994	487	-	-	-	-
Trade debts`44`	1,417	12,181	7,740	27,262	19,817	19,000	17,305	61,529	5,124	1,278	5,762	138	1,644	2,387	-
Suppliers`440/4`	1,417	12,181	7,740	27,262	19,817	19,000	17,305	61,529	5,124	1,278	5,762	138	1,644	2,387	-
Advances received on contracts in progress`46`	-	-	-	-	-	-	-	-	-	-	-	2,800	-	-	-
Taxes, remuneration and social security`45`	-	95	1,837	10,069	-	1,017	-	-	753	3,169	2,984	6,723	8,363	9,249	14,586
Taxes`450/3`	-	95	1,837	10,069	-	1,017	-	-	753	3,169	2,984	6,723	8,363	5,749	11,086
Remuneration and social security`454/9`	-	-	-	-	-	-	-	-	-	-	-	-	-	3,500	3,500
Other amounts payable`47/48`	69,239	55,578	58,355	53,248	40,345	40,256	39,936	42,750	82,579	54,595	34,429	13,208	5,778	2,536	6,152
Accrued charges and deferred income`492/3`	-	-	-	-	-	-	-	-	-	-	-	-	2,380	1,166	-
Income statement
Turnover`70`	-	-	-	-	-	-	-	-	-	-	54,263	120,055	-	-	-
Non-recurring operating income`76A`	-	-	-	-	-	-	-	9,140	-	-	-	-	-	4,847	-
Gross operating margin`9900`	-2,989	5,852	-6,301	-8,893	14,999	-7,273	26,034	-63,983	-191	-4,010	-24,204	-9,001	-8,409	-10,367	1,926
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	-	-	-	80,003	130,549	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	-	-	-	-	-	-	-	-	379	7,684	8,869	8,868	9,297	8,947	1,858
Other operating charges`640/8`	1,449	500	616	1,031	939	420	546	19,302	626	683	692	497	629	1,362	176
Operating profit (loss)`9901`	-4,438	5,352	-6,917	-9,924	14,060	-7,693	25,488	-83,285	-1,196	-12,377	-33,765	-18,366	-18,335	-20,676	-108
Financial income`75/76B`	-	-	-	-	-	-	-	4,994	-	-	-	10	-	78	140
Recurring financial income`75`	-	-	-	-	-	-	-	4,994	-	-	-	10	-	78	140
Financial charges`65/66B`	7,640	4,755	3,269	4,156	3,903	2,888	3,494	179	317	292	314	207	2,568	1,331	116
Recurring financial charges`65`	7,640	4,755	3,269	4,156	3,903	2,888	3,494	179	317	292	314	207	2,568	1,331	116
Profit (loss) for the period before taxes`9903`	-12,077	597	-10,186	-14,080	10,157	-10,581	21,994	-69,330	-1,513	-12,669	-34,079	-18,563	-20,903	-17,082	-84
Income taxes`67/77`	-	-	-	-	-	-	-	-	-	-	-	1	1,222	-	2,897
Profit (loss) for the period`9904`	-12,077	597	-10,186	-14,080	10,157	-10,581	21,994	-69,330	-1,513	-12,669	-34,079	-18,564	-22,125	-17,082	-2,981
Profit (loss) for the period to be appropriated`9905`	-12,077	597	-10,186	-14,080	10,157	-10,581	21,994	-69,330	-1,513	-12,669	-34,079	-18,564	-22,125	-17,082	-2,981
Appropriation of the result
Profit (loss) to be appropriated`9906`	-169,849	-144,019	-144,616	-134,430	-120,351	-130,508	-119,927	-141,921	-72,591	-71,078	-58,409	-24,330	-8,147	13,978	31,060
Profit (loss) brought forward from the previous period`14P`	-157,771	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2021	micro format	02-06-2022	2022-20047765	PDF
31-12-2019	micro format	09-07-2020	2020-29800539	PDF
31-12-2018	micro format	29-08-2019	2019-58800094	PDF
31-12-2017	micro format	20-09-2018	2018-64200227	PDF
31-12-2016	abbreviated format	28-08-2017	2017-53100293	PDF
31-12-2015	abbreviated format	27-09-2016	2016-62200012	PDF
31-12-2014	abbreviated format	28-08-2015	2015-56400256	PDF
31-12-2013	abbreviated format	28-08-2014	2014-52400550	PDF
31-12-2012	abbreviated format	28-08-2013	2013-49600156	PDF
31-12-2011	abbreviated format	31-08-2012	2012-51500319	PDF
31-12-2010	abbreviated format	10-08-2011	2011-38900527	PDF
31-12-2009	abbreviated format	06-08-2010	2010-40200377	PDF
31-12-2008	abbreviated format	06-08-2009	2009-55600284	PDF
31-12-2007	abbreviated format	29-08-2008	2008-68900272	PDF
31-12-2006	abbreviated format	10-08-2007	2007-55000358	PDF
31-12-2005	abbreviated format	25-08-2006	2006-67501144	PDF
31-12-2004	abbreviated format	30-09-2005	2005-80504406	PDF
31-12-2003	abbreviated format	29-10-2004	2004-76503366	PDF
31-12-2002	abbreviated format	20-06-2003	2003-27205128	PDF

Line	2021	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	-	-	-	-	-	-	-	-	-817	-4,693	-24,896	-9,498	-9,038	-11,729	1,750
Cash flow	-	-	-	-	-	-	-	-	-1,134	-4,985	-25,210	-9,696	-12,828	-8,135	-1,123
Investment in fixed assets (approximation)	-	-	-	-	-	-	-	-	0	703	0	0	1,339	36,529	7,348
Change in cash	-	-	-93	-	-	-	-2,540	-	-	-	-	-2,459	-12,537	-13,828	-
Working capital	-126,789	-100,959	-101,556	-91,370	-77,291	-87,448	-76,867	-98,861	-49,684	-48,550	-42,862	-17,652	-7,957	4,996	13,494
EBIT margin	-	-	-	-	-	-	-	-	-	-	-62.2%	-15.3%	-	-	-
Solvency	-	-913.4%	-	-431.3%	-492.1%	-	-	-	-105.3%	-190.9%	-177.8%	-39.1%	-0.2%	30.4%	65.4%
Current ratio	-	0.13	0.10	0.24	0.23	-	-	0.05	0.45	0.20	0.02	0.23	0.50	1.35	1.65
Debt to equity	-	-	-	-	-	-	-	-	-	-	-	-	-	2.28	0.53
ROE	-	-	-	-	-	-	-	-	-	-	-	-	-	-77.5%	-7.6%
ROA	-	4.0%	-88.5%	-48.1%	44.5%	-	-	-	-2.5%	-38.4%	-120.4%	-44.6%	-41.7%	-23.6%	-5.0%
Customer credit	-	-	-	-	-	-	-	-	-	-	2 days	10 days	-	-	-
Supplier credit	-	-	-	-	-	-	-	-	-	-	26 days	0 days	-	-	-

CRES²

Annual accounts 2021

Money flows

Balance sheet

Change in equity

Change in cash

Filed annual accounts

Filings

Key figures and ratios

Insights on CRES²