CT Energy
Open bankruptcyA bankruptcy procedure is open for CT Energy according to publications in the Belgian State Gazette; curator: WERENFRIED SCHWAGTEN.
Summary
The 2022 annual accounts show equity of €23k and a net result of €-43k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Turnover
€143k▼ 34.0%
2021 · €216k
2019: €296k
2020: €355k▲ +19.7% vs 2019highest in 4 years
2021: €216k▼ -39.0% vs 2020
2022: €143k▼ -34.0% vs 2021lowest in 4 years
2019 → 2022
EBIT margin
-29.2%▼ 41.3pp
2021 · 12.2%
2019: 8.7%
2020: 1.9%▼ -77.9% vs 2019
2021: 12.2%▲ +528% vs 2020highest in 4 years
2022: -29.2%▼ -340% vs 2021lowest in 4 years
2019 → 2022
Net result
€-43k
2021 · €25k
2019: €20k
2020: €8k▼ -61.4% vs 2019
2021: €25k▲ +221% vs 2020highest in 4 years
2022: €-43k▼ -270% vs 2021lowest in 4 years
2019 → 2022
Working capital
€19k▼ 68.7%
2021 · €61k
2019: €26k
2020: €31k▲ +19.5% vs 2019
2021: €61k▲ +96.4% vs 2020highest in 4 years
2022: €19k▼ -68.7% vs 2021lowest in 4 years
2019 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212022Trend
Turnover€296k-€355k▲ 19.7%€216k▼ 39.0%€143k▼ 34.0%
2019: €296k
2020: €355k▲ +19.7% vs 2019highest in 4 years
2021: €216k▼ -39.0% vs 2020
2022: €143k▼ -34.0% vs 2021lowest in 4 years
Equity€33k-€41k▲ 24.0%€66k▲ 62.1%€23k▼ 65.3%
2019: €33k
2020: €41k▲ +24.0% vs 2019
2021: €66k▲ +62.1% vs 2020highest in 4 years
2022: €23k▼ -65.3% vs 2021lowest in 4 years
Operating result€26k-€7k▼ 73.5%€26k▲ 283%€-42k
2019: €26k
2020: €7k▼ -73.5% vs 2019
2021: €26k▲ +283% vs 2020highest in 4 years
2022: €-42k▼ -258% vs 2021lowest in 4 years
Net result€20k-€8k▼ 61.4%€25k▲ 221%€-43k
2019: €20k
2020: €8k▼ -61.4% vs 2019
2021: €25k▲ +221% vs 2020highest in 4 years
2022: €-43k▼ -270% vs 2021lowest in 4 years
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 €42k after €26k in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €106k
Fixed assets
€4k ▼ 19.3%
Current assets
€103k ▼ 34.5%
Equity and liabilities €107k
Equity
€23k ▼ 65.3%
Debt
€84k ▼ 12.6%
Debt's share of the balance-sheet total rises from 59.2% to 78.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-39k▼
2021 · €31k
Cash flow
€-40k▼
2021 · €30k
Current ratio
1.23▼
2021 · 1.64
Debt to equity
3.65▲
2021 · 1.45
ROE
-188.1%▼
2021 · 38.3%
ROA
-40.4%▼
2021 · 15.6%
Interest coverage
-26.16▼
2021 · 31.41
Debt ≤ 1 year
€84k▼
2021 · €96k
Staff costs
€9k▲
2021 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 46 lines
Balance sheet
Code20212022
Assets
Total assets20/58€162k€107k▼
Formation expenses20€344€160▼
Fixed assets21/28€4k€4k▼
Tangible fixed assets22/27€4k€3k▼
Plant, machinery and equipment23€1k€509▼
Furniture and vehicles24€3k€3k▼
Financial fixed assets28€148€148=
Current assets29/58€157k€103k▼
Amounts receivable within one year40/41€149k€96k▼
Trade receivables40€107k€86k▼
Other amounts receivable41€42k€10k▼
Cash at bank and in hand54/58€7k€7k▲
Deferred charges and accrued income490/1€1k-
Equity and liabilities
Total equity and liabilities10/49€162k€107k▼
Equity10/15€66k€23k▼
Contributions10/11€12k€12k=
Outside capital11€12k€12k=
Other1109/19€12k€12k=
Profit (loss) carried forward14€54k€11k▼
Amounts payable17/49€96k€84k▼
Amounts payable within one year42/48€96k€84k▼
Financial debts43€8k€10k▲
Credit institutions430/8€8k€10k▲
Trade debts44€87k€66k▼
Suppliers440/4€87k€66k▼
Taxes, remuneration and social security45€501€1k▲
Taxes450/3€5€1k▲
Remuneration and social security454/9€496-
Other amounts payable47/48-€6k
Income statement
Code20212022
Turnover70€216k€143k▼
Goods, raw materials, services and sundry goods60/61€203k€179k▼
Remuneration, social security and pensions62€2k€9k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€3k▼
Other operating charges640/8€7k€6k▼
Gross operating margin9900€40k€-24k▼
Operating profit (loss)9901€26k€-42k▼
Financial income75/76B€2-
Recurring financial income75€2-
Financial charges65/66B€994€1k▲
Recurring financial charges65€994€1k▲
Profit (loss) for the period before taxes9903€25k€-43k▼
Income taxes67/77€5-
Profit (loss) for the period9904€25k€-43k▼
Profit (loss) for the period to be appropriated9905€25k€-43k▼
Appropriation of the result
Profit (loss) to be appropriated9906€54k€11k▼
Profit (loss) brought forward from the previous period14P€28k€54k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Turnover70 | €296k | €355k | €216k | €143k | ▼ 34.0% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €203k | €179k | ▼ 11.8% |
| Remuneration, social security and pensions62 | - | - | €2k | €9k | ▲ 347% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €4k | €5k | €3k | ▼ 38.6% |
| Other operating charges640/8 | - | - | €7k | €6k | ▼ 11.8% |
| Gross operating margin9900 | €53k | €25k | €40k | €-24k | ▼ 159% |
| Operating profit (loss)9901 | €26k | €7k | €26k | €-42k | ▼ 258% |
| Financial income75/76B | - | - | €2 | - | - |
| Recurring financial income75 | - | €2k | €2 | - | - |
| Financial charges65/66B | - | - | €994 | €1k | ▲ 48.5% |
| Recurring financial charges65 | €98 | €705 | €994 | €1k | ▲ 48.5% |
| Profit (loss) for the period before taxes9903 | €26k | €8k | €25k | €-43k | ▼ 270% |
| Income taxes67/77 | €5k | - | €5 | - | - |
| Profit (loss) for the period9904 | €20k | €8k | €25k | €-43k | ▼ 270% |
| Profit (loss) for the period to be appropriated9905 | €20k | €8k | €25k | €-43k | ▼ 270% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €86k | €195k | €162k | €107k | ▼ 34.1% |
| Formation expenses20 | €711 | €528 | €344 | €160 | ▼ 53.4% |
| Fixed assets21/28 | €6k | €9k | €4k | €4k | ▼ 19.3% |
| Tangible fixed assets22/27 | €6k | €9k | €4k | €3k | ▼ 20.0% |
| Plant, machinery and equipment23 | - | - | €1k | €509 | ▼ 49.3% |
| Furniture and vehicles24 | - | - | €3k | €3k | ▼ 11.0% |
| Financial fixed assets28 | - | - | €148 | €148 | = |
| Current assets29/58 | €79k | €186k | €157k | €103k | ▼ 34.5% |
| Amounts receivable within one year40/41 | €71k | €180k | €149k | €96k | ▼ 35.5% |
| Trade receivables40 | - | - | €107k | €86k | ▼ 19.7% |
| Other amounts receivable41 | - | - | €42k | €10k | ▼ 75.6% |
| Cash at bank and in hand54/58 | €8k | €4k | €7k | €7k | ▲ 1.5% |
| Deferred charges and accrued income490/1 | - | - | €1k | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €86k | €195k | €162k | €107k | ▼ 34.1% |
| Equity10/15 | €33k | €41k | €66k | €23k | ▼ 65.3% |
| Contributions10/11 | €12k | €12k | €12k | €12k | = |
| Outside capital11 | - | - | €12k | €12k | = |
| Other1109/19 | - | - | €12k | €12k | = |
| Profit (loss) carried forward14 | €20k | €28k | €54k | €11k | ▼ 80.4% |
| Amounts payable17/49 | €53k | €154k | €96k | €84k | ▼ 12.6% |
| Amounts payable within one year42/48 | €53k | €154k | €96k | €84k | ▼ 12.6% |
| Financial debts43 | - | - | €8k | €10k | ▲ 21.8% |
| Credit institutions430/8 | - | - | €8k | €10k | ▲ 21.8% |
| Trade debts44 | €36k | €132k | €87k | €66k | ▼ 23.8% |
| Suppliers440/4 | - | - | €87k | €66k | ▼ 23.8% |
| Taxes, remuneration and social security45 | - | - | €501 | €1k | ▲ 176% |
| Taxes450/3 | - | - | €5 | €1k | ▲ 30,195% |
| Remuneration and social security454/9 | - | - | €496 | - | - |
| Other amounts payable47/48 | - | - | - | €6k | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20k | €8k | €25k | €-43k | ▼ 270% |
| + Depreciation and write-downs630 | €3k | €4k | €5k | €3k | ▼ 38.6% |
| Operating cash flow (approximation) | €23k | €12k | €30k | €-40k | ▼ 233% |
| Investment in fixed assets (approximation) | - | €-7k | €-332 | €-2k | ▼ 553% |
| Change in cash | - | €-4k | €2k | €100 | ▼ 96.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
12-02
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 06-02-2025
2023
15-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 107 days late
2022
31-12
Financial
Weakest financial yearnet €-43k
Net result drops to €-43k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
03-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 156 days late
2021
31-12
Financial
Highest result since 2019net €25k ▲221%
Operating result €26k, net result €25k, both a record.
2020
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 70 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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
Registered office, Antwerpen · 1 establishment unit since 2018
Ground area
617 m²
Building footprint
377 m²
Volume, LiDAR
5,056 m³
2 parcels, Flanders · tallest building 20.2 m, ±6 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
CT Energy
since 20182.282.018.535
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3749/00B003 | Flanders | 474 m² | 1 · 301 m² | 20.2 m · 6 fl. |
| 11805E0506/00D024 | Flanders | 143 m² | 1 · 75 m² | 15.5 m · 4 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
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | WERENFRIED SCHWAGTEN PRINS BOUDEWIJN-
LAAN 177-179, 2610 WILRIJK (ANTWERPEN)- |
06-02-2025 → present |
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 7,481 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded16-11-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Scores and ratios are computed by Checked and are not a credit decision.