DATRACO GROUP
Open bankruptcyA bankruptcy procedure is open for DATRACO GROUP according to publications in the Belgian State Gazette; curator: LIEVE TEINTENIER.
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 · 5 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline21-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 12-12-2022, 134 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
134 d late
2020
75 d late
2019
214 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Equity
€57k▼ 22.4%
2020 · €73k
2018: €39k
2019: €55k
2020: €73k
2018 → 2021
Total assets
€274k▲ 24.4%
2020 · €221k
2018: €148k
2019: €165k
2020: €221k
2018 → 2021
Net result
€-16k
2020 · €19k
2018: €11k
2019: €16k
2020: €19k
2018 → 2021
Working capital
€34k▼ 46.2%
2020 · €64k
2018: €31k
2019: €46k
2020: €64k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€39k-€55k▲ 39.5%€73k▲ 33.7%€57k▼ 22.4%
Operating result€13k-€18k▲ 41.5%€23k▲ 27.5%€-6k
Net result€11k-€16k▲ 38.8%€19k▲ 19.1%€-16k
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 2021: a loss of €6k after €23k in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €274k
Fixed assets
€23k▲ 139%
Current assets
€252k▲ 19.3%
Equity and liabilities €274k
Equity
€57k▼ 22.4%
Debt
€217k▲ 47.8%
The debt ratio rises from 66.7% to 79.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€9k▼
2020 · €27k
Cash flow
€-2k▼
2020 · €22k
Solvency
20.8%▼
2020 · 33.3%
Current ratio
1.16▼
2020 · 1.44
Quick ratio
1.16▼
2020 · 1.44
Debt / equity
3.81
ROE
-28.8%▼
2020 · 25.2%
ROA
-6.0%▼
2020 · 8.4%
Interest coverage
1.41
Debt
€217k▲
2020 · €147k
Debt ≤ 1 year
€217k▲
2020 · €147k
Income taxes
€5k▲
2020 · €1
Staff costs
€78k
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€221k€274k▲
Fixed assets21/28€9k€23k▲
Tangible fixed assets22/27€8k€20k▲
Furniture and vehicles24-€20k
Financial fixed assets28€2k€3k▲
Current assets29/58€211k€252k▲
Amounts receivable within one year40/41€208k€232k▲
Trade receivables40-€231k
Other amounts receivable41-€2k
Cash at bank and in hand54/58€3k€20k▲
Equity and liabilities
Total equity and liabilities10/49€221k€274k▲
Equity10/15€73k€57k▼
Contributions10/11-€18k
Reserves13€490€490=
Non-distributable reserves130/1-€490
Reserves not available under the articles1311-€490
Profit (loss) carried forward14€55k€38k▼
Amounts payable17/49€147k€217k▲
Amounts payable within one year42/48€147k€217k▲
Financial debts43-€8k
Credit institutions430/8-€8k
Trade debts44€97k€159k▲
Suppliers440/4-€159k
Taxes, remuneration and social security45-€49k
Taxes450/3-€20k
Remuneration and social security454/9-€29k
Other amounts payable47/48-€2k
Income statement
Code20202021
Remuneration, social security and pensions62-€78k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€15k▲
Other operating charges640/8-€35k
Non-recurring operating charges66A-€15k
Gross operating margin9900€134k€137k▲
Operating profit (loss)9901€23k€-6k▼
Recurring financial income75€0-
Financial charges65/66B-€6k
Recurring financial charges65€5k€6k▲
Profit (loss) for the period before taxes9903€19k€-12k▼
Income taxes67/77€1€5k▲
Profit (loss) for the period9904€19k€-16k▼
Profit (loss) for the period to be appropriated9905€19k€-16k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€38k
Profit (loss) brought forward from the previous period14P-€55k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
04-08
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · DATRACO GROUP BV JAN BOLLENSTRAAT 6/2, 1020 BRUSSEL 2 · event 31-07-2023
2022
12-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 134 days late
2021
31-12
Financial
Weakest financial yearnet €-16k ▼189%
Net result drops to €-16k, the lowest in the series.
14-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 75 days late
02-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 214 days late
2020
31-12
Financial
Highest result since 2018net €19k ▲19.1%
Operating result €23k, net result €19k, both a record.
17-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 201 days late
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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 | LIEVE TEINTENIER SYLVAIN DUPUISLAAN 217,
1070 BRUSSEL 7 |
31-07-2023 → present |