DRINATEX
InactiveDRINATEX was declared bankrupt on 19-09-2022 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed by liquidation by judgment of 11-02-2025, published in the Belgian State Gazette on 19-02-2025.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline28-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 24-01-2022, 177 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
177 d late
2019
90 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 134 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 2020, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€24,931
2019 · €72,893
Working capital
-€187,267▼ 9.4%
2019 · -€171,149
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€86,662-€130,465▲ 50.5%-€15,610
Net result€51,904-€72,893▲ 40.4%-€24,931
Equity-€3,284-€69,609€44,678▼ 35.8%
Total assets€736,351-€801,961▲ 8.9%€724,752▼ 9.6%
Debt€739,635-€732,352▼ 1.0%€680,074▼ 7.1%
Working capital-€292,062--€171,149▲ 41.4%-€187,267▼ 9.4%
Staff (FTE)11.9-11.2▼ 5.9%11.9▲ 6.3%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €15,610 after €130,465 in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €724,752
Fixed assets
€303,627 ▼ 10.6%
Current assets
€421,125 ▼ 8.9%
Equity and liabilities €724,752
Equity
€44,678 ▼ 35.8%
Debt
€680,074 ▼ 7.1%
Debt's share of the balance-sheet total rises from 91.3% to 93.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€20,514▼
2019 · €166,589
Cash flow
€11,193▼
2019 · €109,017
Current ratio
0.69▼
2019 · 0.73
Quick ratio
0.69▼
2019 · 0.73
Debt to equity
0.95▲
2019 · 0.77
ROE
-55.8%▼
2019 · 104.7%
ROA
-3.4%▼
2019 · 9.1%
Debt ≤ 1 year
€608,392▼
2019 · €633,359
Debt > 1 year
€42,282▼
2019 · €53,440
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36,124 | €36,124 | €36,124 | = |
| Gross operating margin9900 | €420,155 | €467,852 | €159,959 | ▼ 65.8% |
| Operating profit (loss)9901 | €86,662 | €130,465 | -€15,610 | ▼ 112% |
| Recurring financial charges65 | €32,509 | €21,331 | €9,321 | ▼ 56.3% |
| Profit (loss) for the period before taxes9903 | €54,153 | €109,135 | -€24,931 | ▼ 123% |
| Income taxes67/77 | €2,249 | €36,242 | - | - |
| Profit (loss) for the period9904 | €51,904 | €72,893 | -€24,931 | ▼ 134% |
| Profit (loss) for the period to be appropriated9905 | €51,904 | €72,893 | -€24,931 | ▼ 134% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €736,351 | €801,961 | €724,752 | ▼ 9.6% |
| Fixed assets21/28 | €375,875 | €339,751 | €303,627 | ▼ 10.6% |
| Tangible fixed assets22/27 | €364,531 | €328,407 | €292,283 | ▼ 11.0% |
| Financial fixed assets28 | €11,344 | €11,344 | €11,344 | = |
| Current assets29/58 | €360,476 | €462,210 | €421,125 | ▼ 8.9% |
| Stocks and contracts in progress3 | €280 | €175 | €163 | ▼ 6.9% |
| Amounts receivable within one year40/41 | €349,049 | €430,445 | €392,010 | ▼ 8.9% |
| Cash at bank and in hand54/58 | €11,033 | €31,055 | €28,427 | ▼ 8.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €736,351 | €801,961 | €724,752 | ▼ 9.6% |
| Equity10/15 | -€3,284 | €69,609 | €44,678 | ▼ 35.8% |
| Contributions10/11 | €30,000 | €30,000 | - | - |
| Reserves13 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | -€77,043 | -€4,150 | -€29,081 | ▼ 601% |
| Amounts payable17/49 | €739,635 | €732,352 | €680,074 | ▼ 7.1% |
| Amounts payable after more than one year17 | €68,889 | €53,440 | €42,282 | ▼ 20.9% |
| Amounts payable within one year42/48 | €652,538 | €633,359 | €608,392 | ▼ 3.9% |
| Trade debts44 | €400,819 | €411,698 | €391,671 | ▼ 4.9% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €51,904 | €72,893 | -€24,931 | ▼ 134% |
| + Depreciation and write-downs630 | €36,124 | €36,124 | €36,124 | = |
| Operating cash flow (approximation) | €88,028 | €109,017 | €11,193 | ▼ 89.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | €20,022 | -€2,628 | ▼ 113% |
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
19-02
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise francophone de Bruxelles · event 11-02-2025
2022
23-09
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 19-09-2022
27-04
Judicial reorganisation
Reorganisation plan revoked
Tribunal de l’entreprise francophone de Bruxelles · event 20-04-2022
24-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 177 days late
2020
31-12
Financial
Weakest financial yearnet -€24,931
Net result drops to -€24,931, the lowest in the series.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 90 days late
2019
31-12
Financial
Highest result since 2018net €72,893 ▲40.4%
Operating result €130,465, net result €72,893, both a record.
22-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 114 days late
2018
05-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 127 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
2016
20-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 142 days late
2015
15-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 46 days late
Show earlier events
2014
16-12
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 138 days late
2013
18-12
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 140 days late
2012
27-11
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 119 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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 | Lise HEILPORN CHAUSSEE DE LA HULPE 150,
1170 WATERMAEL-BOITSFORT |
19-09-2022 → 11-02-2025 |