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DEN HYPOTHEECKER

Inactive
KBO/BCE: BE 0562.994.235

DEN HYPOTHEECKER was declared bankrupt on 08-03-2022 (Ondernemingsrechtbank Antwerpen, afdeling Tongeren); the bankruptcy was closed by liquidation by judgment of 05-03-2024, published in the Belgian State Gazette on 15-05-2024.

Summary

Inactive; last annual accounts for fiscal year 2020.

Signals

Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Belgian State Gazette
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 6 filings
Position against the passed deadline
31-12-2021 close31-07-2022 deadline29-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 31-08-2021, 31 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 · 6 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
31 d late
2019
92 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 2 accounts on average 62 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)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Total assets fell from EUR 28,674 in 2018 to EUR 14,306 in 2020.1 On 8 March 2022 DEN HYPOTHEECKER was declared bankrupt; the bankruptcy was closed on 5 March 2024.23

  1. 1National Bank, annual accounts 2018 and 2020
  2. 2Belgian State Gazette, 14-03-2022
  3. 3Belgian State Gazette, 15-05-2024

Financials · fiscal year 2020, micro schema

Equity
€14,306▲ 4.0%
2019 · €13,759
Total assets
€14,306▲ 4.0%
2019 · €13,759
Net result
€547
2019 · -€2,057
Working capital
€11,826
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
Line201820192020
Operating result-€8,759-€463€609▲ 31.5%
Net result-€8,876--€2,057▲ 76.8%€547
Equity€15,816-€13,759▼ 13.0%€14,306▲ 4.0%
Total assets€28,674-€13,759▼ 52.0%€14,306▲ 4.0%
Debt€12,858-
Working capital€11,826-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000-€7,500-€5,000-€2,500€0Operating result 2018: -€8,759-€8,759Net result 2018: -€8,876-€8,876Operating result 2019: €463€463Net result 2019: -€2,057-€2,057Operating result 2020: €609€609Net result 2020: €547€547201820192020-€10,000-€7,500-€5,000-€2,500€0Operating result 2018: -€8,759-€8,760Net result 2018: -€8,876-€8,880Operating result 2019: €463€463Net result 2019: -€2,057-€2,060Operating result 2020: €609€609Net result 2020: €547€547201820192020
The operating result has risen two years in a row; 2020 is 32% above 2019 and is the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €14,306
Fixed assets €719 ▼ 14.3%
Current assets €13,587 ▲ 5.2%
Key figures and ratios
2020 value · change against 2019
EBITDA
€729▼
2019 · €1,095
Cash flow
€667▲
2019 · -€1,425
Solvency
100.0%=
2019 · 100.0%
ROE
3.8%▲
2019 · -15.0%
ROA
3.8%▲
2019 · -15.0%
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2020 against 2019 · 18 lines
Balance sheet Code20192020
Assets
Total assets20/58€13,759€14,306▲
Fixed assets21/28€839€719▼
Tangible fixed assets22/27€839€719▼
Current assets29/58€12,921€13,587▲
Amounts receivable within one year40/41€12,904€13,443▲
Cash at bank and in hand54/58€16€144▲
Equity and liabilities
Total equity and liabilities10/49€13,759€14,306▲
Equity10/15€13,759€14,306▲
Contributions10/11€14,000-
Reserves13€652€652=
Profit (loss) carried forward14-€893-€346▲
Income statement Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€632€120▼
Gross operating margin9900€1,442€729▼
Operating profit (loss)9901€463€609▲
Recurring financial charges65-€62
Profit (loss) for the period before taxes9903-€2,057€547▲
Profit (loss) for the period9904-€2,057€547▲
Profit (loss) for the period to be appropriated9905-€2,057€547▲
Line201820192020Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€688€632€120▼ 81.0%
Gross operating margin9900-€7,446€1,442€729▼ 49.5%
Operating profit (loss)9901-€8,759€463€609▲ 31.5%
Recurring financial income75€35---
Recurring financial charges65€152-€62-
Profit (loss) for the period before taxes9903-€8,876-€2,057€547▲ 127%
Profit (loss) for the period9904-€8,876-€2,057€547▲ 127%
Profit (loss) for the period to be appropriated9905-€8,876-€2,057€547▲ 127%
Line201820192020Change
Assets
Total assets20/58€28,674€13,759€14,306▲ 4.0%
Fixed assets21/28€3,991€839€719▼ 14.3%
Tangible fixed assets22/27€1,471€839€719▼ 14.3%
Financial fixed assets28€2,520---
Current assets29/58€24,684€12,921€13,587▲ 5.2%
Amounts receivable within one year40/41€5,844€12,904€13,443▲ 4.2%
Cash at bank and in hand54/58€17,257€16€144▲ 783%
Equity and liabilities
Total equity and liabilities10/49€28,674€13,759€14,306▲ 4.0%
Equity10/15€15,816€13,759€14,306▲ 4.0%
Contributions10/11€14,000€14,000--
Reserves13€652€652€652=
Profit (loss) carried forward14€1,164-€893-€346▲ 61.2%
Amounts payable17/49€12,858---
Amounts payable within one year42/48€12,858---
Line201820192020Change
Profit (loss) for the period9904-€8,876-€2,057€547▲ 127%
+ Depreciation and write-downs630€688€632€120▼ 81.0%
Operating cash flow (approximation)-€8,188-€1,425€667▲ 147%
Investment in fixed assets (approximation)-€2,520€0▼ 100%
Change in cash--€17,240€128▲ 101%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2024
15-05
Bankruptcy Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · event 05-03-2024
2023
28-07
Bankruptcy Supervising judge replaced
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · event 24-07-2023
2022
14-03
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · event 08-03-2022
2021
31-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial Back to profitnet €547
Net result €547 after 2 loss-making years.
31-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
26-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
03-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
03-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 3 days late
2016
12-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 12 days late
SignalFinancial 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

Insolvency mandates

2 mandates
Role Name Tenure
Curator KRISTIEN HANSSEN
ONDERWIJSLAAN 72, 3600 GENK
08-03-2022 → 05-03-2024
Curator TANGUY PAQUET
ONDERWIJSLAAN 72, 3600 GENK
08-03-2022 → 05-03-2024