CRESTAL EUROPE
Open bankruptcyA bankruptcy procedure is open for CRESTAL EUROPE according to publications in the Belgian State Gazette; curator: STEVEN VERBEKE.
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 31-03-2023, 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 · 10 filingsPosition against the passed deadline
31-03-2023 close31-10-2023 deadline21-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2022 was due by 31-10-2022 and was filed on 08-10-2022, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
23 d early
2021
22 d early
2020
19 d early
2019
16 d early
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Equity
€-448k▲ 27.3%
2021 · €-616k
2019: €-839k
2020: €-722k
2021: €-616k
2019 → 2022
Total assets
€17k▼ 91.8%
2021 · €204k
2019: €229k
2020: €229k
2021: €204k
2019 → 2022
Net result
€168k▲ 58.6%
2021 · €106k
2019: €50k
2020: €117k
2021: €106k
2019 → 2022
Working capital
€-450k▲ 13.3%
2021 · €-519k
2019: €-689k
2020: €-622k
2021: €-519k
2019 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212022Trend
Equity€-839k-€-722k▲ 13.9%€-616k▲ 14.7%€-448k▲ 27.3%
Operating result€50k-€120k▲ 140%€103k▼ 14.2%€-23k
Net result€50k-€117k▲ 135%€106k▼ 9.1%€168k▲ 58.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €23k after €103k in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €17k
Fixed assets
€2k▼ 30.2%
Current assets
€15k▼ 92.5%
Key figures and ratios
EBITDA
€-23k▼
2021 · €103k
Cash flow
€169k▲
2021 · €106k
Current ratio
0.03▼
2021 · 0.28
Quick ratio
0.03▼
2021 · 0.28
Debt / equity
-1.04▼
2021 · -0.16
Interest coverage
-0.15
Debt
€465k▼
2021 · €820k
Debt ≤ 1 year
€465k▼
2021 · €720k
A ratio outside any meaningful range has been withheld (balance sheet total €17k, equity €-448k).
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€204k€17k▼
Fixed assets21/28€2k€2k▼
Tangible fixed assets22/27€2k€2k▼
Furniture and vehicles24-€2k
Current assets29/58€201k€15k▼
Amounts receivable within one year40/41€198k€15k▼
Trade receivables40-€8k
Other amounts receivable41-€7k
Cash at bank and in hand54/58€4k€7▼
Equity and liabilities
Total equity and liabilities10/49€204k€17k▼
Equity10/15€-616k€-448k▲
Contributions10/11€99k€99k=
Capital10-€99k
Issued capital100-€99k
Reserves13€17k€17k=
Non-distributable reserves130/1-€10k
Legal reserve130-€10k
Distributable reserves133-€7k
Profit (loss) carried forward14€-732k€-564k▲
Amounts payable17/49€820k€465k▼
Amounts payable after more than one year17€100k-
Amounts payable within one year42/48€720k€465k▼
Trade debts44€334k€14k▼
Suppliers440/4-€14k
Other amounts payable47/48-€451k
Income statement
Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€398€732▲
Other operating charges640/8-€348
Gross operating margin9900€104k€-22k▼
Operating profit (loss)9901€103k€-23k▼
Financial income75/76B-€340k
Recurring financial income75€7k€7k▼
Non-recurring financial income76B-€334k
Financial charges65/66B-€149k
Recurring financial charges65€4k€149k▲
Profit (loss) for the period before taxes9903€106k€168k▲
Profit (loss) for the period9904€106k€168k▲
Profit (loss) for the period to be appropriated9905€106k€168k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-564k
Profit (loss) brought forward from the previous period14P-€-732k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2022
13-12
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · CRESTALEUROPE NV PRINSEN- STRAAT 4/0, 1850 GRIMBERGEN · event 06-12-2022
08-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Highest result since 2019net €168k ▲58.6%
Net result €168k, the highest in the series.
2021
09-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
12-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
15-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
27-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
10-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
25-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
03-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 155 days late
03-04
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 520 days late
03-04
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 885 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
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
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | STEVEN VERBEKE LAKENSESTRAAT 154 B11,
1000 BRUSSEL 1 |
06-12-2022 → present |