DR. DE WAELE KATELIJNE
Open bankruptcyA bankruptcy procedure is open for DR. DE WAELE KATELIJNE according to publications in the Belgian State Gazette; curator: ALAIN CLEYMAN.
No longer registered with the KBO; last annual accounts for fiscal year 2023.
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 30-06-2024, 2 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
30-06-2024 close31-01-2025 deadline22-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 29-02-2024, 29 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 filed
2024
not filed
2023
29 d late
2020
1 d late
2019
27 d late
2018
391 d late
2017
756 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€557k▲ 17.1%
2020 · €475k
2019: €466k
2020: €475k
2019 → 2023
Total assets
€821k▼ 15.7%
2020 · €973k
2019: €920k
2020: €973k
2019 → 2023
Net result
€38k▲ 291%
2020 · €10k
2019: €24k
2020: €10k
2019 → 2023
Working capital
€557k▼ 19.9%
2020 · €695k
2019: €627k
2020: €695k
2019 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202023Trend
Equity€466k-€475k▲ 2.1%€557k▲ 17.1%
Operating result€15k-€-8k€77k
Net result€24k-€10k▼ 58.9%€38k▲ 291%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €77k in 2023, compared with €-8k in 2020. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2023 in colour, 2020 as the grey bar beneath
Equity and liabilities €821k
Equity
€557k▲ 17.1%
Provisions
€0▼ 100%
Debt
€264k▼ 3.9%
The debt ratio rises from 28.2% to 32.2%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
67.8%▲
2020 · 48.8%
Current ratio
3.11▼
2020 · 3.53
Quick ratio
3.11▼
2020 · 3.53
Debt / equity
0.47
ROE
6.8%▲
2020 · 2.0%
ROA
4.6%▲
2020 · 1.0%
Debt
€264k▼
2020 · €275k
Debt ≤ 1 year
€264k▼
2020 · €275k
Income taxes
€22k▲
2020 · €4k
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 · 2023 against 2020
Balance sheet
Code20202023
Assets
Total assets20/58€973k€821k▼
Fixed assets21/28€3k-
Tangible fixed assets22/27€3k-
Current assets29/58€970k€821k▼
Amounts receivable within one year40/41€949k€796k▼
Other amounts receivable41-€796k
Cash at bank and in hand54/58€21k€25k▲
Deferred charges and accrued income490/1-€139
Equity and liabilities
Total equity and liabilities10/49€973k€821k▼
Equity10/15€475k€557k▲
Contributions10/11-€40k
Reserves13€4k€4k=
Non-distributable reserves130/1-€4k
Reserves not available under the articles1311-€4k
Profit (loss) carried forward14€431k€513k▲
Provisions and deferred taxes16€223k-
Amounts payable17/49€275k€264k▼
Amounts payable within one year42/48€275k€264k▼
Current portion of amounts payable after more than one year42-€237k
Trade debts44€636-
Taxes, remuneration and social security45-€27k
Taxes450/3-€27k
Income statement
Code20202023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k-
Other operating charges640/8-€7k
Gross operating margin9900€57k€84k▲
Operating profit (loss)9901€-8k€77k▲
Financial income75/76B-€39k
Recurring financial income75€21k€39k▲
Non-recurring financial income76B-€39k
Financial charges65/66B-€56k
Recurring financial charges65€54€56k▲
Non-recurring financial charges66B-€56k
Profit (loss) for the period before taxes9903€13k€60k▲
Income taxes67/77€4k€22k▲
Profit (loss) for the period9904€10k€38k▲
Profit (loss) for the period to be appropriated9905€10k€38k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€513k
Profit (loss) brought forward from the previous period14P-€475k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
19-08
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · DR.DE WAELE KATELIJNE BV CYRIEL DE BAERESTRAAT(BAA) 16, 9200 DENDERMONDE · event 08-08-2024
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
30-06
Financial
Highest result since 2019net €38k ▲291%
Operating result €77k, net result €38k, both a record.
30-06
Financial
Equity above €500kEq €557k ▲17.1%
3 profitable years in a row build equity to €557k.
2021
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1 day late
2020
30-06
Financial
Weakest financial yearnet €10k ▼58.9%
Net result drops to €10k, the lowest in the series.
27-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
26-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 391 days late
26-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 756 days late
26-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 1121 days late
26-02
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 1487 days late
26-02
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 1852 days late
2014
06-03
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 34 days late
2013
13-02
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 13 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
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 | ALAIN CLEYMAN PR. JOS. CHARLOTTELAAN 71,
9100 SINT-NIKLAAS- .
Co-Curator: PIET VAN MULDERS, GENTSESTEENWEG 147,
9200 DENDERMONDE |
08-08-2024 → present |