CRYSTAL DREAMS
InactiveCRYSTAL DREAMS was declared bankrupt on 13-12-2023 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed by liquidation by judgment of 19-01-2026, published in the Belgian State Gazette on 26-01-2026.
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 · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline23-09-2026 today
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 22-08-2023, 22 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
22 d late
2021
2 d early
2020
1 d early
2019
2 d early
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Equity
€-123k▼ 59.3%
2021 · €-77k
2018: €740
2019: €7k
2020: €-26k
2021: €-77k
2018 → 2022
Total assets
€65k▼ 27.1%
2021 · €89k
2018: €179k
2019: €137k
2020: €100k
2021: €89k
2018 → 2022
Net result
€-46k▲ 10.3%
2021 · €-51k
2018: €-9k
2019: €6k
2020: €-33k
2021: €-51k
2018 → 2022
Working capital
€-125k▼ 51.7%
2021 · €-82k
2018: €-22k
2019: €-17k
2020: €-41k
2021: €-82k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€740-€7k▲ 853%€-26k€-77k▼ 195%€-123k▼ 59.3%
Operating result€-8k-€9k€-31k€-48k▼ 56.8%€-42k▲ 12.7%
Net result€-9k-€6k€-33k€-51k▼ 53.4%€-46k▲ 10.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €42k in 2022 against €48k in 2021; the loss shrinks.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €65k
Fixed assets
€21k▼ 46.4%
Current assets
€44k▼ 12.0%
Key figures and ratios
EBITDA
€-28k▲
2021 · €-33k
Cash flow
€-32k▲
2021 · €-36k
Solvency
-189.0%▼
2021 · -86.5%
Current ratio
0.26▼
2021 · 0.38
Quick ratio
0.05▼
2021 · 0.12
Debt / equity
-1.53▲
2021 · -2.16
ROA
-70.4%▼
2021 · -57.2%
Interest coverage
-8.09▲
2021 · -11.34
Debt
€187k▲
2021 · €166k
Debt ≤ 1 year
€169k▲
2021 · €132k
Debt > 1 year
€19k▼
2021 · €29k
Staff costs
€11k▼
2021 · €31k
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€89k€65k▼
Fixed assets21/28€39k€21k▼
Intangible fixed assets21€724€324▼
Tangible fixed assets22/27€34k€21k▼
Plant, machinery and equipment23€23k€11k▼
Furniture and vehicles24€11k€9k▼
Financial fixed assets28€5k-
Current assets29/58€50k€44k▼
Stocks and contracts in progress3€34k€35k▲
Stocks30/36€34k€35k▲
Amounts receivable within one year40/41€9k€9k=
Trade receivables40€8k€8k=
Other amounts receivable41€1k€1k=
Cash at bank and in hand54/58€7k€80▼
Equity and liabilities
Total equity and liabilities10/49€89k€65k▼
Equity10/15€-77k€-123k▼
Contributions10/11€25k€25k=
Reserves13€25€25=
Non-distributable reserves130/1€25€25=
Reserves not available under the articles1311€25€25=
Profit (loss) carried forward14€-102k€-148k▼
Amounts payable17/49€166k€187k▲
Amounts payable after more than one year17€29k€19k▼
Financial debts170/4€29k€19k▼
Amounts payable within one year42/48€132k€169k▲
Current portion of amounts payable after more than one year42€10k€10k▲
Trade debts44€47k€56k▲
Suppliers440/4€47k€56k▲
Advances received on contracts in progress46€10k€10k=
Taxes, remuneration and social security45€32k€26k▼
Taxes450/3€23k€24k▲
Remuneration and social security454/9€9k€2k▼
Other amounts payable47/48€33k€66k▲
Accrued charges and deferred income492/3€5k-
Income statement
Code20212022
Remuneration, social security and pensions62€31k€11k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€14k▼
Other operating charges640/8€2k€527▼
Gross operating margin9900€-175€-17k▼
Operating profit (loss)9901€-48k€-42k▲
Financial income75/76B€325-
Recurring financial income75€325-
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€-51k€-46k▲
Profit (loss) for the period9904€-51k€-46k▲
Profit (loss) for the period to be appropriated9905€-51k€-46k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-102k€-148k▼
Profit (loss) brought forward from the previous period14P€-51k€-102k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
26-01
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Dendermonde · CRYSTAL DREAMS BV HEIDEBAAN 90/2, 9100 SINT-NIKLAAS · event 19-01-2026
2023
19-12
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · CRYSTAL DREAMS BV HEIDE- BAAN 90/2, 9100 SINT-NIKLAAS · event 13-12-2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-51k
Net result drops to €-51k, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
30-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
30-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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 |
13-12-2023 → present |
| Curator | CATHA-
RINA ORLENT PR.JOS.CHARLOTTELAAN 71, 9100 SINT-NIKLAAS- |
13-12-2023 → present |