DRAX
Bankruptcy closedInactive since 21-04-2026; last annual accounts for fiscal year 2022.
Summary
DRAX was declared bankrupt on 19-05-2025 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 14-04-2026, published in the Belgian State Gazette on 28-04-2026.
Signals
1 signal.
+raises risk
Checked, nothing found (1)
History
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Still owed money by this company? This is how you file your claim.Creditor guide Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check How is the On-demand passenger transport by chauffeured vehicle sector doing?Sector figures
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Financials · fiscal year 2022, micro schema
Turnover
€60,267▲ 118%
2021 · €27,618
EBIT margin
48.2%▼ 9.5pp
2021 · 57.7%
Net result
€23,423▲ 65.3%
2021 · €14,167
Working capital
€27,615▲ 216%
2021 · €8,738
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
Line20182019202020212022
Turnover€38,879-€36,427▼ 6.3%€18,587▼ 49.0%€27,618▲ 48.6%€60,267▲ 118%
Operating result€2,475--€285€4,694€15,927▲ 239%€29,052▲ 82.4%
Net result€2,205--€785€4,566€14,167▲ 210%€23,423▲ 65.3%
EBIT margin6.4%--0.8%▼ 7.1pp25.3%▲ 26.0pp57.7%▲ 32.4pp48.2%▼ 9.5pp
Equity€3,833-€3,048▼ 20.5%€7,614▲ 150%€21,781▲ 186%€45,204▲ 108%
Total assets€22,169-€17,775▼ 19.8%€22,026▲ 23.9%€24,770▲ 12.5%€53,451▲ 116%
Debt€18,336-€14,727▼ 19.7%€14,412▼ 2.1%€2,989▼ 79.3%€8,247▲ 176%
Working capital-€4,497--€2,745▲ 39.0%€1,821€8,738▲ 380%€27,615▲ 216%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2019 the operating result has climbed three years in a row; 2022 is 82% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €53,451
Fixed assets
€17,588 ▲ 34.8%
Current assets
€35,862 ▲ 206%
Equity and liabilities €53,451
Equity
€45,204 ▲ 108%
Debt
€8,247 ▲ 176%
Debt's share of the balance-sheet total rises from 12.1% to 15.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€29,466
Cash flow
€23,836
Current ratio
4.35▲
2021 · 3.92
Debt to equity
0.18▲
2021 · 0.14
ROE
51.8%▼
2021 · 65.0%
ROA
43.8%▼
2021 · 57.2%
Interest coverage
192.12
Debt ≤ 1 year
€8,247▲
2021 · €2,989
Income taxes
€6,432▲
2021 · €701
Staff costs
€3,516
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 | 2022 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €38,879 | €36,427 | €18,587 | €27,618 | €60,267 | ▲ 118% |
| Non-recurring operating income76A | - | - | - | €21,750 | €11,000 | ▼ 49.4% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €8,392 | €27,133 | ▲ 223% |
| Remuneration, social security and pensions62 | - | - | - | - | €3,516 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,700 | €2,537 | - | - | €413 | - |
| Other operating charges640/8 | - | - | - | €2,759 | €152 | ▼ 94.5% |
| Gross operating margin9900 | €18,903 | €18,417 | €5,990 | €18,686 | €33,133 | ▲ 77.3% |
| Operating profit (loss)9901 | €2,475 | -€285 | €4,694 | €15,927 | €29,052 | ▲ 82.4% |
| Financial income75/76B | - | - | - | - | €957 | - |
| Recurring financial income75 | €62 | - | - | - | €957 | - |
| Financial charges65/66B | - | - | - | €1,059 | €153 | ▼ 85.5% |
| Recurring financial charges65 | €332 | €500 | €128 | €1,059 | €153 | ▼ 85.5% |
| Profit (loss) for the period before taxes9903 | €2,205 | -€785 | €4,566 | €14,868 | €29,856 | ▲ 101% |
| Income taxes67/77 | - | - | - | €701 | €6,432 | ▲ 818% |
| Profit (loss) for the period9904 | €2,205 | -€785 | €4,566 | €14,167 | €23,423 | ▲ 65.3% |
| Profit (loss) for the period to be appropriated9905 | €2,205 | -€785 | €4,566 | €14,167 | €23,423 | ▲ 65.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €22,169 | €17,775 | €22,026 | €24,770 | €53,451 | ▲ 116% |
| Fixed assets21/28 | €15,580 | €13,043 | €13,043 | €13,043 | €17,588 | ▲ 34.8% |
| Tangible fixed assets22/27 | €15,410 | €12,873 | €12,873 | €12,873 | €17,419 | ▲ 35.3% |
| Furniture and vehicles24 | - | - | - | €12,873 | €17,419 | ▲ 35.3% |
| Financial fixed assets28 | €170 | €170 | €170 | €170 | €170 | ▼ 0.2% |
| Current assets29/58 | €6,589 | €4,732 | €8,983 | €11,727 | €35,862 | ▲ 206% |
| Amounts receivable within one year40/41 | €897 | €31 | €5,543 | €6,392 | €27,344 | ▲ 328% |
| Other amounts receivable41 | - | - | - | €6,392 | €27,344 | ▲ 328% |
| Cash at bank and in hand54/58 | €3,720 | €2,729 | €914 | €1,695 | €4,879 | ▲ 188% |
| Deferred charges and accrued income490/1 | - | - | - | €3,640 | €3,640 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €22,169 | €17,775 | €22,026 | €24,770 | €53,451 | ▲ 116% |
| Equity10/15 | €3,833 | €3,048 | €7,614 | €21,781 | €45,204 | ▲ 108% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | €18,600 | = |
| Issued capital100 | - | - | - | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€14,767 | -€15,552 | -€10,986 | €3,181 | €26,604 | ▲ 736% |
| Amounts payable17/49 | €18,336 | €14,727 | €14,412 | €2,989 | €8,247 | ▲ 176% |
| Amounts payable after more than one year17 | €7,250 | €7,250 | €7,250 | - | - | - |
| Amounts payable within one year42/48 | €11,086 | €7,477 | €7,162 | €2,989 | €8,247 | ▲ 176% |
| Trade debts44 | €7,329 | €2,960 | €2,346 | €540 | €340 | ▼ 37.0% |
| Suppliers440/4 | - | - | - | €540 | €340 | ▼ 37.0% |
| Taxes, remuneration and social security45 | - | - | - | €1,842 | €7,907 | ▲ 329% |
| Taxes450/3 | - | - | - | €842 | €7,269 | ▲ 763% |
| Remuneration and social security454/9 | - | - | - | €1,000 | €638 | ▼ 36.2% |
| Other amounts payable47/48 | - | - | - | €607 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,205 | -€785 | €4,566 | €14,167 | €23,423 | ▲ 65.3% |
| + Depreciation and write-downs630 | €2,700 | €2,537 | - | - | €413 | - |
| Operating cash flow (approximation) | €4,905 | €1,752 | €4,566 | €14,167 | €23,836 | ▲ 68.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€4,959 | - |
| Change in cash | - | -€991 | -€1,815 | €781 | €3,184 | ▲ 308% |
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
2026
28-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · event 14-04-2026
2025
02-06
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 19-05-2025
2024
27-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 301 days late
2023
12-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 285 days late
07-04
Bankruptcy
Judicial dissolution
Tribunal de l’entreprise francophone de Bruxelles
2022
31-12
Financial
Highest result since 2018net €23,423 ▲65.3%
Operating result €29,052, net result €23,423, both a record.
2021
31-12
Financial
Liquidity triplescurrent ratio 3.92
Current ratio from 1.25 to 3.92; short-term debt falls from €7,162 to €2,989.
05-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 97 days late
2020
31-12
Financial
Back to profitnet €4,566
Net result €4,566 after one loss-making year.
13-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 652 days late
19-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
12-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 256 days late
Show earlier events
2019
31-12
Financial
Weakest financial yearnet -€785
Net result drops to -€785, the lowest in the series.
2015
22-12
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 144 days late
27-04
Bankruptcy
Bankruptcy reversal
rechtbank van koophandel Brussel
2013
06-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 6 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
Registered office, Evere
Ground area
225 m²
Building footprint
109 m²
Volume, LiDAR
1,190 m³
Parcel 21372C0117/00A022, Brussels · tallest building 17.3 m, ±4 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21372C0117/00A022 | Brussels | 225 m² | 1 · 109 m² | 17.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LUCILLE BERMOND CHAUSSEE DE LA HULPE 187,
1170 WATERMAEL-BOITSFORT |
19-05-2025 → 14-04-2026 |
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Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded26-08-2011
Fiscal year end31-12
Activities, NACEBEL 2025
49320Non-scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.