DON NEW
InactiveDON NEW was declared bankrupt on 12-09-2023 (Ondernemingsrechtbank Antwerpen, afdeling Turnhout); the bankruptcy was closed for insufficient assets by judgment of 25-06-2024, published in the Belgian State Gazette on 28-06-2024.
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 · 8 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline29-09-2026 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 12-07-2022, 19 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
19 d early
2020
45 d late
2019
50 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 25 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, full schema
Turnover
€11,456▲ 14.6%
2020 · €9,995
EBIT margin
297.7%▲ 541.2pp
2020 · -243.5%
Net result
€34,402
2020 · -€25,261
Working capital
€132▼ 97.5%
2020 · €5,243
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
Turnover€18,792-€5,333▼ 71.6%€9,995▲ 87.4%€11,456▲ 14.6%
Operating result€13,857-€23,721▲ 71.2%-€24,338€34,099
Net result€12,924-€23,359▲ 80.7%-€25,261€34,402
EBIT margin73.7%-444.8%▲ 371.1pp-243.5%▼ 688.3pp297.7%▲ 541.2pp
Equity€7,119--€17,884€6,200€1,113▼ 82.0%
Total assets€9,467-€2,151▼ 77.3%€10,591▲ 392%€1,150▼ 89.1%
Debt€2,348-€20,035▲ 753%€4,391▼ 78.1%€37▼ 99.2%
Working capital€5,968--€19,494€5,243€132▼ 97.5%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €34,099 after a loss of €24,338 in 2020, the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Equity and liabilities €1,150
Equity
€1,113 ▼ 82.0%
Debt
€37 ▼ 99.2%
Debt's share of the balance-sheet total falls from 41.5% to 3.2%. Equity and debt are lower.
Key figures and ratios
Debt ≤ 1 year
€37▼
2020 · €4,391
Ratios withheld: a balance sheet total of €1,150 is too small for a meaningful ratio.
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 |
|---|---|---|---|---|---|
| Turnover70 | €18,792 | €5,333 | €9,995 | €11,456 | ▲ 14.6% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €45,555 | - |
| Gross operating margin9900 | €14,231 | €23,721 | -€20,243 | €34,099 | ▲ 268% |
| Operating profit (loss)9901 | €13,857 | €23,721 | -€24,338 | €34,099 | ▲ 240% |
| Financial income75/76B | - | - | - | €303 | - |
| Recurring financial income75 | - | - | - | €303 | - |
| Recurring financial charges65 | €933 | €62 | €923 | - | - |
| Profit (loss) for the period before taxes9903 | €12,924 | €23,659 | -€25,261 | €34,402 | ▲ 236% |
| Income taxes67/77 | - | €300 | - | - | - |
| Profit (loss) for the period9904 | €12,924 | €23,359 | -€25,261 | €34,402 | ▲ 236% |
| Profit (loss) for the period to be appropriated9905 | €12,924 | €23,359 | -€25,261 | €34,402 | ▲ 236% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €9,467 | €2,151 | €10,591 | €1,150 | ▼ 89.1% |
| Formation expenses20 | €1,151 | - | €957 | €981 | ▲ 2.5% |
| Fixed assets21/28 | - | €1,610 | - | - | - |
| Intangible fixed assets21 | - | €1,610 | - | - | - |
| Current assets29/58 | €8,316 | €541 | €9,634 | €169 | ▼ 98.2% |
| Amounts receivable within one year40/41 | - | €537 | €2,846 | €103 | ▼ 96.4% |
| Other amounts receivable41 | - | - | - | €103 | - |
| Cash at bank and in hand54/58 | €8,316 | €4 | €6,788 | €66 | ▼ 99.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €9,467 | €2,151 | €10,591 | €1,150 | ▼ 89.1% |
| Equity10/15 | €7,119 | -€17,884 | €6,200 | €1,113 | ▼ 82.0% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €442 | ▼ 92.9% |
| Capital10 | - | - | - | €442 | - |
| Issued capital100 | - | - | - | €11,958 | - |
| Uncalled capital101 | - | - | - | €11,516 | - |
| Profit (loss) carried forward14 | €919 | -€24,084 | - | €671 | - |
| Amounts payable17/49 | €2,348 | €20,035 | €4,391 | €37 | ▼ 99.2% |
| Amounts payable within one year42/48 | €2,348 | €20,035 | €4,391 | €37 | ▼ 99.2% |
| Trade debts44 | €613 | €20,035 | - | €2 | - |
| Suppliers440/4 | - | - | - | €2 | - |
| Taxes, remuneration and social security45 | - | - | - | €35 | - |
| Taxes450/3 | - | - | - | €35 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,924 | €23,359 | -€25,261 | €34,402 | ▲ 236% |
| Operating cash flow (approximation) | €12,924 | €23,359 | -€25,261 | €34,402 | ▲ 236% |
| Change in cash | - | -€8,312 | €6,784 | -€6,722 | ▼ 199% |
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
2024
28-06
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 25-06-2024
2023
26-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 12-09-2023
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €34,402
Net result €34,402 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 4.57
Current ratio from 2.19 to 4.57; short-term debt falls from €4,391 to €37.
14-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 45 days late
2020
31-12
Financial
Weakest financial yearnet -€25,261
Net result drops to -€25,261, the lowest in the series.
31-12
Financial
Liquidity times 81current ratio 2.19
Current ratio from 0.03 to 2.19; short-term debt falls from €20,035 to €4,391.
19-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 50 days late
2019
08-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 39 days late
2018
28-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 120 days late
13-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 286 days late
2016
08-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 708 days late
05-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 340 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
6 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 | RONNY CEUSTERS GEMEENTESTRAAT 4 BUS 6,
2300 TURNHOUT |
12-09-2023 → 25-06-2024 |