EDESSE
Open bankruptcyA bankruptcy procedure is open for EDESSE according to publications in the Belgian State Gazette; curator: FRANCOIS LE GENTIL DE ROSMORDUC.
Summary
The 2019 annual accounts show equity of €11k and a net result of €1k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 02-09-2020, 33 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
33 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2019, full schema
Turnover
€187k▼ 26.2%
2018 · €254k
2018: €254k
2019: €187k▼ -26.2% vs 2018
2018 → 2019
EBIT margin
1.2%▼ 0.9pp
2018 · 2.1%
2018: 2.1%
2019: 1.2%▼ -41.3% vs 2018
2018 → 2019
Net result
€1k▼ 56.8%
2018 · €3k
2018: €3k
2019: €1k▼ -56.8% vs 2018
2018 → 2019
Working capital
€11k▲ 39.0%
2018 · €8k
2018: €8k
2019: €11k▲ +39.0% vs 2018
2018 → 2019
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019Trend
Turnover€254k-€187k▼ 26.2%
2018: €254k
2019: €187k▼ -26.2% vs 2018
Equity€9k-€11k▲ 15.2%
2018: €9k
2019: €11k▲ +15.2% vs 2018
Operating result€5k-€2k▼ 56.7%
2018: €5k
2019: €2k▼ -56.7% vs 2018
Net result€3k-€1k▼ 56.8%
2018: €3k
2019: €1k▼ -56.8% vs 2018
Result per fiscal year
Operating resultNet result
The operating result falls in 2019; 2019 is 57% below 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Equity and liabilities €14k
Equity
€11k ▲ 15.2%
Debt
€4k ▲ 81.4%
Debt's share of the balance-sheet total rises from 17.4% to 24.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€4k▼
2018 · €7k
Cash flow
€3k▼
2018 · €5k
Current ratio
4.01▼
2018 · 4.93
ROE
13.2%▼
2018 · 35.2%
ROA
9.9%▼
2018 · 29.1%
Debt ≤ 1 year
€4k▲
2018 · €2k
Income taxes
€721▼
2018 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2019 against 2018 · 26 lines
Balance sheet
Code20182019
Assets
Total assets20/58€11k€14k▲
Fixed assets21/28€2k-
Tangible fixed assets22/27€1k-
Financial fixed assets28€144-
Current assets29/58€10k€14k▲
Stocks and contracts in progress3€647-
Amounts receivable within one year40/41€2k€3k▲
Cash at bank and in hand54/58€7k€12k▲
Equity and liabilities
Total equity and liabilities10/49€11k€14k▲
Equity10/15€9k€11k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Profit (loss) carried forward14€-11k€-10k▲
Amounts payable17/49€2k€4k▲
Amounts payable within one year42/48€2k€4k▲
Trade debts44-€61
Income statement
Code20182019
Turnover70€254k€187k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k=
Gross operating margin9900€20k€21k▲
Operating profit (loss)9901€5k€2k▼
Recurring financial income75€66-
Recurring financial charges65€160€167▲
Profit (loss) for the period before taxes9903€5k€2k▼
Income taxes67/77€2k€721▼
Profit (loss) for the period9904€3k€1k▼
Profit (loss) for the period to be appropriated9905€3k€1k▼
Accounts by statement
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Turnover70 | €254k | €187k | ▼ 26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €1k | = |
| Gross operating margin9900 | €20k | €21k | ▲ 1.5% |
| Operating profit (loss)9901 | €5k | €2k | ▼ 56.7% |
| Recurring financial income75 | €66 | - | - |
| Recurring financial charges65 | €160 | €167 | ▲ 4.4% |
| Profit (loss) for the period before taxes9903 | €5k | €2k | ▼ 59.1% |
| Income taxes67/77 | €2k | €721 | ▼ 62.9% |
| Profit (loss) for the period9904 | €3k | €1k | ▼ 56.8% |
| Profit (loss) for the period to be appropriated9905 | €3k | €1k | ▼ 56.8% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €11k | €14k | ▲ 26.7% |
| Fixed assets21/28 | €2k | - | - |
| Tangible fixed assets22/27 | €1k | - | - |
| Financial fixed assets28 | €144 | - | - |
| Current assets29/58 | €10k | €14k | ▲ 47.6% |
| Stocks and contracts in progress3 | €647 | - | - |
| Amounts receivable within one year40/41 | €2k | €3k | ▲ 49.3% |
| Cash at bank and in hand54/58 | €7k | €12k | ▲ 60.4% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €11k | €14k | ▲ 26.7% |
| Equity10/15 | €9k | €11k | ▲ 15.2% |
| Contributions10/11 | €19k | €19k | = |
| Reserves13 | €2k | €2k | = |
| Profit (loss) carried forward14 | €-11k | €-10k | ▲ 12.5% |
| Amounts payable17/49 | €2k | €4k | ▲ 81.4% |
| Amounts payable within one year42/48 | €2k | €4k | ▲ 81.4% |
| Trade debts44 | - | €61 | - |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €1k | ▼ 56.8% |
| + Depreciation and write-downs630 | €1k | €1k | = |
| Operating cash flow (approximation) | €5k | €3k | ▼ 39.4% |
| Change in cash | - | €4k | - |
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
2020
23-09
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 16-09-2020
02-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 33 days late
2019
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 70 days late
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 92 days late
2016
12-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 12 days late
2015
28-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 28 days late
2014
30-09
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 61 days late
2013
05-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 5 days late
2012
28-09
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 59 days late
2011
31-08
NBB filing
Annual accounts filed
fiscal year 2010 · full schema · 31 days late
SignalNBB filing
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
6 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, Sint-Joost-ten-Node · 1 establishment unit since 2000
Ground area
637 m²
Building footprint
587 m²
Volume, LiDAR
12,234 m³
2 parcels, Brussels · tallest building 28.7 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
Diamantlaan 207, 1030 Schaarbeek
since 20002.093.527.442
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21572B0402/00E000 | Brussels | 444 m² | 1 · 393 m² | 28.7 m · 8 fl. |
| 21905C0149/00R015 | Brussels | 193 m² | 1 · 193 m² | 18.6 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 | FRANCOIS LE GENTIL DE ROSMORDUC AVENUE
LOUISE 349/17, 1050 BRUXELLES 5 |
16-09-2020 → present |
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,851. 3,528 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded08-12-1999
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
Scores and ratios are computed by Checked and are not a credit decision.