EASY BREAD
InactiveEASY BREAD was declared bankrupt on 31-01-2022 (Tribunal de l’entreprise francophone de Bruxelles). The bankruptcy was closed for insufficient assets by judgment of 03-01-2023, published in the Belgian Official Gazette on 09-01-2023.
Summary
Inactive. The last annual accounts are for financial year 2019.
Overview
Overview
Official details
Source: KBO- Status
- Inactive deed of incorporation of 05-10-2017 · bankruptcy closed on 03-01-2023
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
No score
Annual accounts 2019
- Gross margin
- €142,671
- ▲ 90.8%
- Turnover
- ≈ €360,000
- estimated
- Profit
- €1,113
- Equity
- €17,322
- ▲ 6.9%
- Total assets
- €110,245
- ▲ 61.9%
Financials
Financials · financial year 2019, full format
2019 annual accounts filed 92 days after the deadline Filed on 31 October 2020, deadline 31 July 2020 (7 months after the close on 31 December 2019, Companies Code art. 3:10). Source: NBB, 2020-68800084.
Annual accounts 2019 filed on 31-10-2020 PDF all 2 filings
Turnover
≈ €360,000
Estimated: probably between €220,000 and €680,000
EBIT margin
Not included in this filing
Net result
€1,113
2018 · -€1,190
Working capital
-€27,316▼ 36.3%
2018 · -€20,035
Multi-year overview
2018 to 2019, 2 financial yearsOperating result
€1,206
2019
20182019
Net result
€1,113
2019
20182019
Equity
€17,322
▲ 6.9%
2019
20182019
Total assets
€110,245
▲ 61.9%
2019
20182019
Debt
€92,923
▲ 79.2%
2019
20182019
Working capital
-€27,316
▼ 36.3%
2019
20182019
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019
Operating result-€1,180-€1,206
Net result-€1,190-€1,113
Equity€16,210-€17,322▲ 6.9%
Total assets€68,078-€110,245▲ 61.9%
Debt€51,869-€92,923▲ 79.2%
Working capital-€20,035--€27,316▼ 36.3%
The operating result for 2019 is a profit of €1,206, after a loss of €1,180 in 2018.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €110,245
Fixed assets
€44,638 ▲ 23.2%
Current assets
€65,607 ▲ 106%
Equity and liabilities €110,245
Equity
€17,322 ▲ 6.9%
Debt
€92,923 ▲ 79.2%
Debt's share of the balance-sheet total rises from 76.2% to 84.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€16,101▲
2018 · €12,750
Cash flow
€16,007▲
2018 · €12,740
Current ratio
0.71▲
2018 · 0.61
Quick ratio
0.25▲
2018 · 0.08
ROE
6.4%▲
2018 · -7.3%
ROA
1.0%▲
2018 · -1.7%
Debt ≤ 1 year
€92,923▲
2018 · €51,869
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 | €13,930 | €14,894 | ▲ 6.9% |
| Gross operating margin9900 | €74,759 | €142,671 | ▲ 90.8% |
| Operating profit (loss)9901 | -€1,180 | €1,206 | - |
| Recurring financial charges65 | €11 | €94 | ▲ 779% |
| Profit (loss) for the period before taxes9903 | -€1,190 | €1,113 | - |
| Profit (loss) for the period9904 | -€1,190 | €1,113 | - |
| Profit (loss) for the period to be appropriated9905 | -€1,190 | €1,113 | - |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €68,078 | €110,245 | ▲ 61.9% |
| Fixed assets21/28 | €36,245 | €44,638 | ▲ 23.2% |
| Tangible fixed assets22/27 | €26,645 | €35,038 | ▲ 31.5% |
| Financial fixed assets28 | €9,600 | €9,600 | = |
| Current assets29/58 | €31,833 | €65,607 | ▲ 106% |
| Stocks and contracts in progress3 | €27,880 | €42,130 | ▲ 51.1% |
| Amounts receivable within one year40/41 | €2,254 | €2,786 | ▲ 23.6% |
| Cash at bank and in hand54/58 | €1,700 | €20,691 | ▲ 12× |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €68,078 | €110,245 | ▲ 61.9% |
| Equity10/15 | €16,210 | €17,322 | ▲ 6.9% |
| Contributions10/11 | €17,400 | €17,400 | = |
| Profit (loss) carried forward14 | -€1,190 | -€78 | ▲ 93.5% |
| Amounts payable17/49 | €51,869 | €92,923 | ▲ 79.2% |
| Amounts payable within one year42/48 | €51,869 | €92,923 | ▲ 79.2% |
| Trade debts44 | €19,234 | €47,627 | ▲ 148% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€1,190 | €1,113 | - |
| + Depreciation and write-downs630 | €13,930 | €14,894 | ▲ 6.9% |
| Operating cash flow (approximation) | €12,740 | €16,007 | ▲ 25.6% |
| Investment in fixed assets (approximation) | - | -€23,287 | - |
| Change in cash | - | €18,992 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Directors
1 director, last change in 2022
Mourad Chillah Fariss
Current
Director · appointed in the act of 19-01-2022
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Guy Kelder Place Guy D’Arezzo 18, 1180 Bruxelles 18 |
31-01-2022 → 03-01-2023 |
Owners and capital
Shareholders
Stated in the act
act of 19-01-2022 ↗
- Mourad Chillah Fariss all shares
Share transfer
act of 19-01-2022 ↗
- to Mourad Chillah Fariss all shares
Mandate history
2 people, 1 in office
- Board
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| Mourad Chillah Fariss |
|
| Boulakhrif Abdelouafi |
|
Network & group
EASY BREAD shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of EASY BREAD. Every other company they run is a node.
This company
Company
Director
Shareholding
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Timeline
Acts, filings and financial milestones
2023
09-01
Bankruptcy
Bankruptcy closure (insufficient assets)
French-language Enterprise Court of Brussels · judgment of 03-01-2023
2022
07-02
Bankruptcy
Bankruptcy declared
French-language Enterprise Court of Brussels · judgment of 31-01-2022
19-01
Gazette deed
Resignation: Boulakhrif Abdelouafi (director)Transfer of shares to Mourad Chillah Fariss · Appointment: Mourad Chillah Fariss (director) · Director discharge: Boulakhrif Abdelouafi6 points ▸
Gazette deed
Resignation: Boulakhrif Abdelouafi (director)
Transfer of shares to Mourad Chillah Fariss · Appointment: Mourad Chillah Fariss (director) · Director discharge: Boulakhrif Abdelouafi6 points ▸
- General meeting, 30-09-2021
- Director resignation, Boulakhrif Abdelouafi
- Director discharge, Boulakhrif Abdelouafi
- Director appointment, Mourad Chillah Fariss
- Share transfer, Mourad Chillah Fariss
- Mourad Chillah Fariss holds all the shares
- The act holds 1 more point.
2020
31-10
full format · 92 days late
2019
31-12
Financial
Back to profitnet €1,113
The net result is €1,113, after one loss-making year.
30-10
full format · 91 days late
2017
05-10
3 publications in the Belgian Official Gazette, the last on 19-01-2022
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
Inactive
EASY BREAD is no longer in the KBO register.
- Status
- Inactive
- Last annual accounts
- financial year to 31 December 2019
- Last registered office
- Rue Yuttenhove 71-73, 1090 Jetteas published on 19 January 2022
- Legal form
- Private limited company (pre-2019)
- First annual accounts
- financial year 2018