DE OUDE TIJD
InactiveDE OUDE TIJD was declared bankrupt on 12-10-2023 (Ondernemingsrechtbank Leuven); the bankruptcy was closed for insufficient assets by judgment of 20-02-2025, published in the Belgian State Gazette on 25-02-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three 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 · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline24-09-2026 today
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 01-08-2022, 1 day 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
not filed
2021
1 d late
2020
11 d early
2019
45 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€12k▼ 62.1%
2020 · €31k
2018: €23k
2019: €28k
2020: €31k
2018 → 2021
Total assets
€34k▼ 12.6%
2020 · €39k
2018: €69k
2019: €75k
2020: €39k
2018 → 2021
Net result
€-19k
2020 · €3k
2018: €654
2019: €5k
2020: €3k
2018 → 2021
Working capital
€-21k▼ 906%
2020 · €-2k
2018: €19k
2019: €15k
2020: €-2k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€23k-€28k▲ 20.6%€31k▲ 9.8%€12k▼ 62.1%
Operating result€1k-€5k▲ 404%€2k▼ 56.6%€-18k
Net result€654-€5k▲ 639%€3k▼ 42.9%€-19k
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 €18k after €2k in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €34k
Fixed assets
€32k ▼ 2.3%
Current assets
€1k ▼ 73.9%
Equity and liabilities €34k
Equity
€12k ▼ 62.1%
Debt
€22k ▲ 190%
Debt's share of the balance-sheet total rises from 19.6% to 65.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-14k▼
2020 · €6k
Cash flow
€-15k▼
2020 · €6k
Current ratio
0.07▼
2020 · 0.73
Quick ratio
0.04▼
2020 · 0.63
Debt to equity
1.87
ROE
-163.7%▼
2020 · 8.9%
ROA
-57.1%▼
2020 · 7.1%
Interest coverage
-15.11
Debt ≤ 1 year
€22k▲
2020 · €8k
Staff costs
€14k
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€39k€34k▼
Fixed assets21/28€33k€32k▼
Tangible fixed assets22/27€25k€24k▼
Land and buildings22-€888
Plant, machinery and equipment23-€16k
Furniture and vehicles24-€7k
Financial fixed assets28€9k€9k=
Current assets29/58€6k€1k▼
Stocks and contracts in progress3€750€560▼
Stocks30/36-€560
Amounts receivable within one year40/41€87€416▲
Other amounts receivable41-€416
Cash at bank and in hand54/58€5k-
Deferred charges and accrued income490/1-€470
Equity and liabilities
Total equity and liabilities10/49€39k€34k▼
Equity10/15€31k€12k▼
Contributions10/11-€6k
Reserves13€2k€2k=
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Profit (loss) carried forward14€23k€4k▼
Amounts payable17/49€8k€22k▲
Amounts payable within one year42/48€8k€22k▲
Financial debts43-€8k
Credit institutions430/8-€8k
Trade debts44€86€3k▲
Suppliers440/4-€3k
Taxes, remuneration and social security45-€6k
Taxes450/3-€999
Remuneration and social security454/9-€5k
Other amounts payable47/48-€5k
Income statement
Code20202021
Remuneration, social security and pensions62-€14k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲
Other operating charges640/8-€2k
Gross operating margin9900€8k€1k▼
Operating profit (loss)9901€2k€-18k▼
Financial income75/76B-€14
Recurring financial income75€796€14▼
Financial charges65/66B-€948
Recurring financial charges65€298€948▲
Profit (loss) for the period before taxes9903€3k€-19k▼
Income taxes67/77€0-
Profit (loss) for the period9904€3k€-19k▼
Profit (loss) for the period to be appropriated9905€3k€-19k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€4k
Profit (loss) brought forward from the previous period14P-€23k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-02
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Leuven · DE OUDE TIJD BV LEUVENSESTRAAT 23, 3200 AARSCHOT · event 20-02-2025
2023
18-10
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · DE OUDE TIJD BV LEUVENSE- STRAAT 23, 3200 AARSCHOT · event 12-10-2023
2022
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
31-12
Financial
Weakest financial yearnet €-19k ▼798%
Net result drops to €-19k, the lowest in the series.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €5k ▲639%
Operating result €5k, net result €5k, both a record.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
11-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 11 days late
2015
29-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
24-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
23-07
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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
3 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | DIRK DE MAESENEER BRUSSELSESTEENWEG 62,
3000 LEUVEN |
12-10-2023 → 20-02-2025 |
| Curator | SVEN DE MAESENEER BRUSSELSESTEENWEG 62, 3000 LEUVEN- |
12-10-2023 → 20-02-2025 |
| Curator | STEVEN NYSTEN BRUSSELSE-
STEENWEG 62, 3000 LEUVEN |
12-10-2023 → 20-02-2025 |