DRAW
InactiveDRAW was declared bankrupt on 25-10-2022 (Ondernemingsrechtbank Antwerpen, afdeling Tongeren); the bankruptcy was closed by liquidation by judgment of 24-06-2025, published in the Belgian State Gazette on 01-07-2025.
Summary
Inactive; last annual accounts for fiscal year 2019.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 9 filingsPosition against the passed deadline
31-12-2020 close31-07-2021 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 02-10-2020, 63 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
63 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its 2019 accounts 63 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 2019, abbreviated schema
Equity
€62,323▼ 14.2%
2018 · €72,622
Total assets
€69,175▼ 24.6%
2018 · €91,715
Net result
-€10,300
2018 · €40,118
Working capital
€60,811▼ 10.4%
2018 · €67,878
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
Line20182019
Operating result€45,915--€15,437
Net result€40,118--€10,300
Equity€72,622-€62,323▼ 14.2%
Total assets€91,715-€69,175▼ 24.6%
Debt€19,093-€6,853▼ 64.1%
Working capital€67,878-€60,811▼ 10.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2019: a loss of €15,437 after €45,915 in 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €69,175
Fixed assets
€1,568 ▼ 67.0%
Current assets
€67,608 ▼ 22.3%
Equity and liabilities €69,175
Equity
€62,323 ▼ 14.2%
Debt
€6,853 ▼ 64.1%
Debt's share of the balance-sheet total falls from 20.8% to 9.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€12,261▼
2018 · €49,092
Cash flow
-€7,124▼
2018 · €43,295
Current ratio
9.95▲
2018 · 4.56
ROE
-16.5%▼
2018 · 55.2%
ROA
-14.9%▼
2018 · 43.7%
Debt ≤ 1 year
€6,796▼
2018 · €19,093
Income taxes
€207▼
2018 · €4,748
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,176 | €3,176 | = |
| Gross operating margin9900 | €50,290 | -€11,043 | ▼ 122% |
| Operating profit (loss)9901 | €45,915 | -€15,437 | ▼ 134% |
| Recurring financial income75 | - | €6,036 | - |
| Recurring financial charges65 | €1,049 | €691 | ▼ 34.1% |
| Profit (loss) for the period before taxes9903 | €44,867 | -€10,093 | ▼ 122% |
| Income taxes67/77 | €4,748 | €207 | ▼ 95.6% |
| Profit (loss) for the period9904 | €40,118 | -€10,300 | ▼ 126% |
| Profit (loss) for the period to be appropriated9905 | €40,118 | -€10,300 | ▼ 126% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €91,715 | €69,175 | ▼ 24.6% |
| Fixed assets21/28 | €4,744 | €1,568 | ▼ 67.0% |
| Tangible fixed assets22/27 | €4,744 | €1,568 | ▼ 67.0% |
| Current assets29/58 | €86,971 | €67,608 | ▼ 22.3% |
| Amounts receivable within one year40/41 | €85,742 | €66,524 | ▼ 22.4% |
| Cash at bank and in hand54/58 | €1,230 | €1,084 | ▼ 11.9% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €91,715 | €69,175 | ▼ 24.6% |
| Equity10/15 | €72,622 | €62,323 | ▼ 14.2% |
| Contributions10/11 | €6,200 | €6,200 | = |
| Reserves13 | €41,978 | €41,978 | = |
| Profit (loss) carried forward14 | €24,444 | €14,144 | ▼ 42.1% |
| Amounts payable17/49 | €19,093 | €6,853 | ▼ 64.1% |
| Amounts payable within one year42/48 | €19,093 | €6,796 | ▼ 64.4% |
| Trade debts44 | €3,421 | €1,812 | ▼ 47.0% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €40,118 | -€10,300 | ▼ 126% |
| + Depreciation and write-downs630 | €3,176 | €3,176 | = |
| Operating cash flow (approximation) | €43,295 | -€7,124 | ▼ 116% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€146 | - |
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
2025
01-07
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Tongeren-Borgloon · event 24-06-2025
2022
03-11
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · event 25-10-2022
2020
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 63 days late
02-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 429 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 9.95
Current ratio from 4.56 to 9.95; short-term debt falls from €19,093 to €6,796.
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
09-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 40 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 31 days late
03-02
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 187 days late
2013
29-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 29 days late
2012
28-09
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 59 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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 | ANDRE GERKENS STATIONLAAN 45, 3740 BILZEN- |
25-10-2022 → 24-06-2025 |