Curtain Projects
ActiveSummary
For Curtain Projects, at least two filing cycles of the annual accounts are missing. The 2021 annual accounts show equity of €45k and a net result of €58k. Equity is growing by ~164.9% per year across the filed fiscal years. Its solvency ranks better than 50% of 21201 sector peers (fiscal year 2021). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
No current score
Figures too old
The available figures for FY 2021 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2021 · tick = 2020
Profitability100▲+35
Solvency57▲+34
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2021Solvency, return and age of the figures
Solvency
32.4%
Return on assets
42.3%
Age of the figures
57 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 3 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 30-06-2022, 31 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
31 d early
2020
39 d early
2019
44 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€45k
2020 · €-4k
2019: €-19klowest in 3 years
2020: €-4k▲ +81.5% vs 2019
2021: €45k▲ +1344% vs 2020highest in 3 years
2019 → 2021
Total assets
€138k▼ 10.2%
2020 · €153k
2019: €74klowest in 3 years
2020: €153k▲ +108% vs 2019highest in 3 years
2021: €138k▼ -10.2% vs 2020
2019 → 2021
Net result
€58k▲ 242%
2020 · €17k
2019: €-20klowest in 3 years
2020: €17k▲ +183% vs 2019
2021: €58k▲ +242% vs 2020highest in 3 years
2019 → 2021
Working capital
€72k▲ 80.4%
2020 · €40k
2019: €39klowest in 3 years
2020: €40k▲ +3.1% vs 2019
2021: €72k▲ +80.4% vs 2020highest in 3 years
2019 → 2021
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202021Trend
Equity€-19k-€-4k▲ 81.5%€45k
2019: €-19klowest in 3 years
2020: €-4k▲ +81.5% vs 2019
2021: €45k▲ +1344% vs 2020highest in 3 years
Operating result€-20k-€18k€71k▲ 290%
2019: €-20klowest in 3 years
2020: €18k▲ +191% vs 2019
2021: €71k▲ +290% vs 2020highest in 3 years
Net result€-20k-€17k€58k▲ 242%
2019: €-20klowest in 3 years
2020: €17k▲ +183% vs 2019
2021: €58k▲ +242% vs 2020highest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2021 is 290% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €138k
Fixed assets
€2k ▼ 15.6%
Current assets
€136k ▼ 10.1%
Equity and liabilities €138k
Equity
€45k
Debt
€93k
Debt finances 67.6% of the balance-sheet total.
Key figures and ratios
EBITDA
€71k▲
2020 · €19k
Cash flow
€58k▲
2020 · €17k
Current ratio
2.12▲
2020 · 1.36
Quick ratio
1.65▲
2020 · 0.94
Debt to equity
2.08▲
2020 · -11.82
ROE
130.5%
ROA
42.3%▲
2020 · 11.1%
Interest coverage
25.63
Debt ≤ 1 year
€64k▼
2020 · €112k
Debt > 1 year
€27k▼
2020 · €42k
Income taxes
€13k▲
2020 · €234
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 · 2021 against 2020 · 46 lines
Balance sheet
Code20202021
Assets
Total assets20/58€153k€138k▼
Fixed assets21/28€2k€2k▼
Tangible fixed assets22/27€2k€2k▼
Land and buildings22-€2k
Current assets29/58€151k€136k▼
Stocks and contracts in progress3€47k€30k▼
Stocks30/36-€30k
Amounts receivable within one year40/41€50k€103k▲
Trade receivables40-€88k
Other amounts receivable41-€15k
Cash at bank and in hand54/58€3k€1k▼
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€153k€138k▼
Equity10/15€-4k€45k▲
Contributions10/11€1k€1k=
Capital10-€1k
Issued capital100-€1k
Profit (loss) carried forward14€-5k€44k▲
Amounts payable17/49€157k€93k▼
Amounts payable after more than one year17€42k€27k▼
Financial debts170/4-€27k
Amounts payable within one year42/48€112k€64k▼
Current portion of amounts payable after more than one year42-€15k
Trade debts44€66k€13k▼
Suppliers440/4-€13k
Taxes, remuneration and social security45-€26k
Taxes450/3-€26k
Other amounts payable47/48-€10k
Accrued charges and deferred income492/3-€2k
Income statement
Code20202021
Non-recurring operating income76A-€1k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€264€283▲
Other operating charges640/8-€888
Gross operating margin9900€20k€72k▲
Operating profit (loss)9901€18k€71k▲
Financial income75/76B-€3k
Recurring financial income75€2k€3k▲
Financial charges65/66B-€3k
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€17k€71k▲
Income taxes67/77€234€13k▲
Profit (loss) for the period9904€17k€58k▲
Profit (loss) for the period to be appropriated9905€17k€58k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€54k
Profit (loss) brought forward from the previous period14P-€-5k
Profit to be distributed694/7-€10k
Directors or managers695-€10k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €216 | €264 | €283 | ▲ 7.3% |
| Other operating charges640/8 | - | - | €888 | - |
| Gross operating margin9900 | €-18k | €20k | €72k | ▲ 271% |
| Operating profit (loss)9901 | €-20k | €18k | €71k | ▲ 290% |
| Financial income75/76B | - | - | €3k | - |
| Recurring financial income75 | €789 | €2k | €3k | ▲ 81.2% |
| Financial charges65/66B | - | - | €3k | - |
| Recurring financial charges65 | €1k | €3k | €3k | ▲ 6.3% |
| Profit (loss) for the period before taxes9903 | €-20k | €17k | €71k | ▲ 313% |
| Income taxes67/77 | €109 | €234 | €13k | ▲ 5,514% |
| Profit (loss) for the period9904 | €-20k | €17k | €58k | ▲ 242% |
| Profit (loss) for the period to be appropriated9905 | €-20k | €17k | €58k | ▲ 242% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €74k | €153k | €138k | ▼ 10.2% |
| Fixed assets21/28 | €432 | €2k | €2k | ▼ 15.6% |
| Tangible fixed assets22/27 | €432 | €2k | €2k | ▼ 15.6% |
| Land and buildings22 | - | - | €2k | - |
| Current assets29/58 | €73k | €151k | €136k | ▼ 10.1% |
| Stocks and contracts in progress3 | €500 | €47k | €30k | ▼ 35.9% |
| Stocks30/36 | - | - | €30k | - |
| Amounts receivable within one year40/41 | €67k | €50k | €103k | ▲ 106% |
| Trade receivables40 | - | - | €88k | - |
| Other amounts receivable41 | - | - | €15k | - |
| Cash at bank and in hand54/58 | €5k | €3k | €1k | ▼ 58.3% |
| Deferred charges and accrued income490/1 | - | - | €2k | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €74k | €153k | €138k | ▼ 10.2% |
| Equity10/15 | €-19k | €-4k | €45k | ▲ 1,344% |
| Contributions10/11 | €1k | €1k | €1k | = |
| Capital10 | - | - | €1k | - |
| Issued capital100 | - | - | €1k | - |
| Profit (loss) carried forward14 | €-20k | €-5k | €44k | ▲ 1,051% |
| Amounts payable17/49 | €93k | €157k | €93k | ▼ 40.7% |
| Amounts payable after more than one year17 | €57k | €42k | €27k | ▼ 35.6% |
| Financial debts170/4 | - | - | €27k | - |
| Amounts payable within one year42/48 | €35k | €112k | €64k | ▼ 42.5% |
| Current portion of amounts payable after more than one year42 | - | - | €15k | - |
| Trade debts44 | €2k | €66k | €13k | ▼ 80.4% |
| Suppliers440/4 | - | - | €13k | - |
| Taxes, remuneration and social security45 | - | - | €26k | - |
| Taxes450/3 | - | - | €26k | - |
| Other amounts payable47/48 | - | - | €10k | - |
| Accrued charges and deferred income492/3 | - | - | €2k | - |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-20k | €17k | €58k | ▲ 242% |
| + Depreciation and write-downs630 | €216 | €264 | €283 | ▲ 7.3% |
| Operating cash flow (approximation) | €-20k | €17k | €58k | ▲ 238% |
| Investment in fixed assets (approximation) | - | €-2k | €0 | ▲ 100% |
| Change in cash | - | €-2k | €-2k | ▲ 35.7% |
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
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2019net €58k ▲242%
Operating result €71k, net result €58k, both a record.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Kruisem · 1 establishment unit since 2019
Ground area
155 m²
Parcel 45057A0474/00K002, Flanders. Linked by address, not a title deed.
1 establishment unit
Curtain Projects
since 20192.284.419.779
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45057A0474/00K002 | Flanders | 155 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
1 categoryCurtain Projects GCV42527
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Of 531 companies in sector 47530 we hold annual accounts for 323. 237 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formLimited partnership
Founded23-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
47530Retail trade
Scores and ratios are computed by Checked and are not a credit decision.