DRIVE PERFORMANCE
Bankruptcy closedSummary
DRIVE PERFORMANCE was declared bankrupt on 02-05-2023 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 29-04-2025, published in the Belgian State Gazette on 19-05-2025. The 2019 annual accounts show negative equity (-€14,652) and a net result of -€3,970.
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1 signal.
+raises risk
Checked, nothing found (1)
History
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Financials · fiscal year 2019, micro schema
Equity
-€14,652▼ 37.2%
2018 · -€10,682
Total assets
€65,511▲ 0.5%
2018 · €65,173
Net result
-€3,970▲ 86.4%
2018 · -€29,282
Working capital
-€14,702▼ 31.5%
2018 · -€11,182
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-€29,250--€4,496▲ 84.6%
Net result-€29,282--€3,970▲ 86.4%
Equity-€10,682--€14,652▼ 37.2%
Total assets€65,173-€65,511▲ 0.5%
Debt€75,855-€80,163▲ 5.7%
Working capital-€11,182--€14,702▼ 31.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4,496 in 2019 against €29,250 in 2018; the loss shrinks.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €65,511
Fixed assets
€50 ▼ 90.0%
Current assets
€65,461 ▲ 1.2%
Key figures and ratios
EBITDA
-€3,996▲
2018 · -€28,750
Cash flow
-€3,470▲
2018 · -€28,782
Solvency
-22.4%▼
2018 · -16.4%
Current ratio
0.82▼
2018 · 0.85
Quick ratio
0.62▲
2018 · 0.07
ROA
-6.1%▲
2018 · -44.9%
Debt ≤ 1 year
€80,163▲
2018 · €75,855
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 | €500 | €500 | = |
| Gross operating margin9900 | -€28,551 | -€3,607 | ▲ 87.4% |
| Operating profit (loss)9901 | -€29,250 | -€4,496 | ▲ 84.6% |
| Recurring financial income75 | - | €1,134 | - |
| Recurring financial charges65 | €33 | €608 | ▲ 1,767% |
| Profit (loss) for the period before taxes9903 | -€29,282 | -€3,970 | ▲ 86.4% |
| Profit (loss) for the period9904 | -€29,282 | -€3,970 | ▲ 86.4% |
| Profit (loss) for the period to be appropriated9905 | -€29,282 | -€3,970 | ▲ 86.4% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €65,173 | €65,511 | ▲ 0.5% |
| Fixed assets21/28 | €500 | €50 | ▼ 90.0% |
| Intangible fixed assets21 | €500 | - | - |
| Financial fixed assets28 | - | €50 | - |
| Current assets29/58 | €64,673 | €65,461 | ▲ 1.2% |
| Stocks and contracts in progress3 | €59,050 | €15,726 | ▼ 73.4% |
| Amounts receivable within one year40/41 | €5,370 | €49,445 | ▲ 821% |
| Cash at bank and in hand54/58 | €253 | €2 | ▼ 99.3% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €65,173 | €65,511 | ▲ 0.5% |
| Equity10/15 | -€10,682 | -€14,652 | ▼ 37.2% |
| Contributions10/11 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€29,282 | -€33,252 | ▼ 13.6% |
| Amounts payable17/49 | €75,855 | €80,163 | ▲ 5.7% |
| Amounts payable within one year42/48 | €75,855 | €80,163 | ▲ 5.7% |
| Trade debts44 | €32,409 | €38,216 | ▲ 17.9% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€29,282 | -€3,970 | ▲ 86.4% |
| + Depreciation and write-downs630 | €500 | €500 | = |
| Operating cash flow (approximation) | -€28,782 | -€3,470 | ▲ 87.9% |
| Investment in fixed assets (approximation) | - | -€50 | - |
| Change in cash | - | -€251 | - |
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
19-05
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · event 29-04-2025
2023
09-05
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 02-05-2023
2020
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 118 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
SignalNBB filing
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
Registered office, Zaventem · 1 establishment unit since 2018
Ground area
2.1 ha
Building footprint
9,880 m²
Parcel 23772B0096/00K000, Flanders. Linked by address, not a title deed.
1 establishment unit
DRIVE PERFORMANCE
since 20182.291.172.167
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23772B0096/00K000 | Flanders | 2.1 ha | 1 · 9,880 m² | - |
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 | WARD VAN MELDERT KUNSTLAAN 24/9B,
1000 BRUSSEL 1 |
02-05-2023 → 29-04-2025 |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded29-03-2018
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.