CTBLA
InactiveCTBLA was declared bankrupt on 26-02-2024 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed by liquidation by judgment of 24-11-2025, published in the Belgian State Gazette on 28-11-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
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 31-12-2022, 4 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 · 4 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline23-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 16-08-2022, 16 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
16 d late
2020
67 d late
2019
60 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, abbreviated schema
Turnover
€23k▼ 87.5%
2020 · €181k
2019: €194k
2020: €181k
2019 → 2021
EBIT margin
0.6%▼ 2.5pp
2020 · 3.1%
2019: 0.8%
2020: 3.1%
2019 → 2021
Net result
€-26▲ 98.2%
2020 · €-1k
2018: €6k
2019: €1k
2020: €-1k
2018 → 2021
Working capital
€23k▼ 59.3%
2020 · €58k
2018: €1k
2019: €19k
2020: €58k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€194k€181k▼ 6.4%€23k▼ 87.5%
Equity€23k-€25k▲ 9.2%€23k▼ 5.6%€23k▼ 0.1%
Operating result€6k-€1k▼ 74.8%€6k▲ 279%€141▼ 97.5%
Net result€6k-€1k▼ 80.4%€-1k€-26▲ 98.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 97% below 2020 and is the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Equity and liabilities €70k
Equity
€23k▼ 0.1%
Debt
€47k▲ 16.3%
The debt ratio rises from 63.1% to 66.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1k▼
2020 · €17k
Cash flow
€1k▼
2020 · €10k
Solvency
33.5%▼
2020 · 36.9%
Current ratio
1.50▼
2020 · 28.45
Quick ratio
1.50▼
2020 · 28.45
Debt / equity
1.99▲
2020 · 0.16
ROE
-0.1%▲
2020 · -6.0%
ROA
0.0%▲
2020 · -2.2%
Interest coverage
7.74
Debt
€47k▲
2020 · €40k
Debt ≤ 1 year
€47k▲
2020 · €2k
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€64k€70k▲
Fixed assets21/28€4k-
Tangible fixed assets22/27€4k-
Current assets29/58€60k€70k▲
Amounts receivable within one year40/41€21k€69k▲
Trade receivables40-€47k
Other amounts receivable41-€22k
Cash at bank and in hand54/58-€1k
Equity and liabilities
Total equity and liabilities10/49€64k€70k▲
Equity10/15€23k€23k▼
Contributions10/11€12k€12k=
Capital10-€12k
Issued capital100-€12k
Reserves13€895€895=
Non-distributable reserves130/1-€895
Legal reserve130-€280
Other1319-€615
Profit (loss) carried forward14€11k€11k▼
Amounts payable17/49€40k€47k▲
Amounts payable after more than one year17€4k-
Amounts payable within one year42/48€2k€47k▲
Trade debts44€2k-
Other amounts payable47/48-€47k
Income statement
Code20202021
Turnover70€181k€23k▼
Goods, raw materials, services and sundry goods60/61-€24k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€1k▼
Other operating charges640/8-€255
Non-recurring operating charges66A-€730
Gross operating margin9900€20k€2k▼
Operating profit (loss)9901€6k€141▼
Financial charges65/66B-€166
Recurring financial charges65€64€166▲
Profit (loss) for the period before taxes9903€-1k€-26▲
Profit (loss) for the period9904€-1k€-26▲
Profit (loss) for the period to be appropriated9905€-1k€-26▲
Appropriation of the result
Profit (loss) to be appropriated9906-€11k
Profit (loss) brought forward from the previous period14P-€11k
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
2025
28-11
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Dendermonde · CTBLA VOF SCHOENSTRAAT 96, 9140 TEMSE · event 24-11-2025
2024
01-03
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · CTBLA VOF SCHOEN- STRAAT 96, 9140 TEMSE · event 26-02-2024
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 16 days late
2021
06-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 67 days late
2020
31-12
Financial
Weakest financial yearnet €-1k ▼227%
Net result drops to €-1k, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 28.45
Current ratio from 8.53 to 28.45; short-term debt falls from €3k to €2k.
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 60 days late
2019
31-12
Financial
Liquidity times 8current ratio 8.53
Current ratio from 1.03 to 8.53; short-term debt falls from €30k to €3k.
25-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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 |
26-02-2024 → present |
| Curator | CATHA-
RINA ORLENT PR.JOS.CHARLOTTELAAN 71, 9100 SINT-NIKLAAS- |
26-02-2024 → present |