DE TEGELMAN
InactiveDE TEGELMAN was declared bankrupt on 01-12-2022 (Ondernemingsrechtbank Leuven); the bankruptcy was closed by liquidation by judgment of 23-11-2023, published in the Belgian State Gazette on 29-11-2023.
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 deadline29-09-2026 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 30-08-2022, 30 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
30 d late
2020
32 d early
2019
90 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 29 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, micro schema
Equity
€80,045▼ 2.0%
2020 · €81,692
Total assets
€109,179▼ 0.9%
2020 · €110,189
Net result
-€1,646
2020 · €13,270
Working capital
€79,513▲ 5.8%
2020 · €75,129
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result€16,122-€20,403▲ 26.6%€13,050▼ 36.0%-€4,213
Net result€12,797-€17,635▲ 37.8%€13,270▼ 24.8%-€1,646
Equity€60,786-€73,421▲ 20.8%€81,692▲ 11.3%€80,045▼ 2.0%
Total assets€121,057-€111,132▼ 8.2%€110,189▼ 0.8%€109,179▼ 0.9%
Debt€60,271-€37,711▼ 37.4%€28,497▼ 24.4%€29,134▲ 2.2%
Working capital€46,279-€60,277▲ 30.2%€75,129▲ 24.6%€79,513▲ 5.8%
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 €4,213 after €13,050 in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €109,179
Fixed assets
€532 ▼ 91.9%
Current assets
€108,647 ▲ 4.8%
Equity and liabilities €109,179
Equity
€80,045 ▼ 2.0%
Debt
€29,134 ▲ 2.2%
Debt's share of the balance-sheet total rises from 25.9% to 26.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1,817▼
2020 · €19,632
Cash flow
€4,384▼
2020 · €19,852
Current ratio
3.73▲
2020 · 3.64
Debt to equity
0.36
ROE
-2.1%▼
2020 · 16.2%
ROA
-1.5%▼
2020 · 12.0%
Interest coverage
6.27
Debt ≤ 1 year
€29,134▲
2020 · €28,497
Income taxes
€382▼
2020 · €3,809
Staff costs
€53
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €53 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,555 | €7,091 | €6,582 | €6,030 | ▼ 8.4% |
| Other operating charges640/8 | - | - | - | €1,077 | - |
| Gross operating margin9900 | €52,660 | €28,734 | €17,373 | €2,947 | ▼ 83.0% |
| Operating profit (loss)9901 | €16,122 | €20,403 | €13,050 | -€4,213 | ▼ 132% |
| Financial income75/76B | - | - | - | €3,238 | - |
| Recurring financial income75 | €2,909 | €3,247 | €4,302 | €3,238 | ▼ 24.7% |
| Financial charges65/66B | - | - | - | €290 | - |
| Recurring financial charges65 | €711 | €503 | €272 | €290 | ▲ 6.5% |
| Profit (loss) for the period before taxes9903 | €18,320 | €23,147 | €17,079 | -€1,265 | ▼ 107% |
| Income taxes67/77 | €5,523 | €5,512 | €3,809 | €382 | ▼ 90.0% |
| Profit (loss) for the period9904 | €12,797 | €17,635 | €13,270 | -€1,646 | ▼ 112% |
| Profit (loss) for the period to be appropriated9905 | €12,797 | €17,635 | €13,270 | -€1,646 | ▼ 112% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €121,057 | €111,132 | €110,189 | €109,179 | ▼ 0.9% |
| Fixed assets21/28 | €18,628 | €13,144 | €6,563 | €532 | ▼ 91.9% |
| Tangible fixed assets22/27 | €18,295 | €12,811 | €6,230 | €199 | ▼ 96.8% |
| Plant, machinery and equipment23 | - | - | - | €199 | - |
| Financial fixed assets28 | €333 | €333 | €333 | €333 | = |
| Current assets29/58 | €102,429 | €97,988 | €103,626 | €108,647 | ▲ 4.8% |
| Amounts receivable within one year40/41 | €89,612 | €86,509 | €92,442 | €89,393 | ▼ 3.3% |
| Trade receivables40 | - | - | - | €34,600 | - |
| Other amounts receivable41 | - | - | - | €54,793 | - |
| Cash at bank and in hand54/58 | €8,922 | €11,478 | €9,689 | €16,764 | ▲ 73.0% |
| Deferred charges and accrued income490/1 | - | - | - | €2,490 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €121,057 | €111,132 | €110,189 | €109,179 | ▼ 0.9% |
| Equity10/15 | €60,786 | €73,421 | €81,692 | €80,045 | ▼ 2.0% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | - |
| Reserves13 | €13,860 | €25,860 | €32,860 | €32,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - |
| Distributable reserves133 | - | - | - | €31,000 | - |
| Profit (loss) carried forward14 | €28,326 | €28,961 | €30,232 | €28,585 | ▼ 5.4% |
| Amounts payable17/49 | €60,271 | €37,711 | €28,497 | €29,134 | ▲ 2.2% |
| Amounts payable after more than one year17 | €4,121 | - | - | - | - |
| Amounts payable within one year42/48 | €56,150 | €37,711 | €28,497 | €29,134 | ▲ 2.2% |
| Trade debts44 | €36,011 | €14,460 | €12,478 | €24,849 | ▲ 99.1% |
| Suppliers440/4 | - | - | - | €24,849 | - |
| Taxes, remuneration and social security45 | - | - | - | €4,285 | - |
| Taxes450/3 | - | - | - | €4,285 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,797 | €17,635 | €13,270 | -€1,646 | ▼ 112% |
| + Depreciation and write-downs630 | €6,555 | €7,091 | €6,582 | €6,030 | ▼ 8.4% |
| Operating cash flow (approximation) | €19,352 | €24,726 | €19,852 | €4,384 | ▼ 77.9% |
| Investment in fixed assets (approximation) | - | -€1,608 | €0 | €0 | - |
| Change in cash | - | €2,556 | -€1,789 | €7,075 | ▲ 495% |
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
2023
29-11
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Leuven · event 23-11-2023
2022
09-12
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · event 01-12-2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet -€1,646
Net result drops to -€1,646, the lowest in the series.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-12
Financial
Highest result since 2018net €17,635 ▲37.8%
Operating result €20,403, net result €17,635, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
26-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
24-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
30-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
26-06
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.
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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MARTIN DION AMERIKALAAN 21, 3000 LEUVEN- |
01-12-2022 → 23-11-2023 |