EETHUIS
Open bankruptcyA bankruptcy procedure is open for EETHUIS according to publications in the Belgian State Gazette; curator: Koen VANDER STUYFT.
Summary
The file additionally contains 1 administrative flag. The 2021 annual accounts show negative equity (€-126k) and a net result of €-48k.
Signals
Four 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 01-10-2021 was due by 01-05-2022 and was filed on 31-05-2022, 30 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 filed
2024
not filed
2023
not filed
2022
not filed
2021
30 d late
2020
30 d early
2019
2 d early
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2021, abbreviated schema
Equity
€-126k▼ 60.9%
2020 · €-78k
2018: €-214klowest in 4 years
2019: €-134k▲ +37.4% vs 2018
2020: €-78k▲ +41.6% vs 2019highest in 4 years
2021: €-126k▼ -60.9% vs 2020
2018 → 2021
Total assets
€248k▼ 14.5%
2020 · €290k
2018: €293k
2019: €300k▲ +2.7% vs 2018highest in 4 years
2020: €290k▼ -3.3% vs 2019
2021: €248k▼ -14.5% vs 2020lowest in 4 years
2018 → 2021
Net result
€-48k
2020 · €56k
2018: €-231klowest in 4 years
2019: €80k▲ +135% vs 2018highest in 4 years
2020: €56k▼ -30.4% vs 2019
2021: €-48k▼ -186% vs 2020
2018 → 2021
Working capital
€-10k
2020 · €10k
2018: €-258klowest in 4 years
2019: €-60k▲ +76.6% vs 2018
2020: €10k▲ +117% vs 2019highest in 4 years
2021: €-10k▼ -199% vs 2020
2018 → 2021
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€-214k-€-134k▲ 37.4%€-78k▲ 41.6%€-126k▼ 60.9%
2018: €-214klowest in 4 years
2019: €-134k▲ +37.4% vs 2018
2020: €-78k▲ +41.6% vs 2019highest in 4 years
2021: €-126k▼ -60.9% vs 2020
Operating result€-166k-€101k€74k▼ 27.1%€-40k
2018: €-166klowest in 4 years
2019: €101k▲ +161% vs 2018highest in 4 years
2020: €74k▼ -27.1% vs 2019
2021: €-40k▼ -154% vs 2020
Net result€-231k-€80k€56k▼ 30.4%€-48k
2018: €-231klowest in 4 years
2019: €80k▲ +135% vs 2018highest in 4 years
2020: €56k▼ -30.4% vs 2019
2021: €-48k▼ -186% vs 2020
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €40k after €74k in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €248k
Fixed assets
€16k ▼ 55.6%
Current assets
€232k ▼ 8.5%
Key figures and ratios
EBITDA
€-19k▼
2020 · €97k
Cash flow
€-27k▼
2020 · €79k
Solvency
-50.7%▼
2020 · -27.0%
Current ratio
0.96▼
2020 · 1.04
Quick ratio
0.77▼
2020 · 0.85
Debt to equity
-2.97▼
2020 · -1.61
ROA
-19.2%▼
2020 · 19.2%
Interest coverage
-1.52
Debt
€374k▲
2020 · €369k
Debt ≤ 1 year
€242k▼
2020 · €243k
Debt > 1 year
€130k▲
2020 · €126k
Income taxes
€205▼
2020 · €265
Staff costs
€140k
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 · 2021 against 2020 · 55 lines
Balance sheet
Code20202021
Assets
Total assets20/58€290k€248k▼
Fixed assets21/28€37k€16k▼
Tangible fixed assets22/27€37k€16k▼
Plant, machinery and equipment23-€3k
Furniture and vehicles24-€13k
Other tangible fixed assets26-€758
Current assets29/58€253k€232k▼
Stocks and contracts in progress3€48k€45k▼
Stocks30/36-€45k
Amounts receivable within one year40/41€197k€181k▼
Other amounts receivable41-€181k
Cash at bank and in hand54/58€6k€4k▼
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€290k€248k▼
Equity10/15€-78k€-126k▼
Contributions10/11€62k€62k=
Capital10-€62k
Issued capital100-€62k
Reserves13€8k€8k=
Non-distributable reserves130/1-€6k
Legal reserve130-€6k
Distributable reserves133-€2k
Profit (loss) carried forward14€-148k€-196k▼
Amounts payable17/49€369k€374k▲
Amounts payable after more than one year17€126k€130k▲
Financial debts170/4-€11k
Other amounts payable178/9-€119k
Amounts payable within one year42/48€243k€242k▼
Current portion of amounts payable after more than one year42-€6k
Financial debts43-€2k
Credit institutions430/8-€2k
Trade debts44€167k€159k▼
Suppliers440/4-€159k
Taxes, remuneration and social security45-€31k
Taxes450/3-€4k
Remuneration and social security454/9-€27k
Other amounts payable47/48-€43k
Accrued charges and deferred income492/3-€2k
Income statement
Code20202021
Remuneration, social security and pensions62-€140k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€21k▼
Other operating charges640/8-€468
Non-recurring operating charges66A-€3k
Gross operating margin9900€403k€125k▼
Operating profit (loss)9901€74k€-40k▼
Financial income75/76B-€5k
Recurring financial income75€5k€5k▼
Financial charges65/66B-€12k
Recurring financial charges65€21k€12k▼
Profit (loss) for the period before taxes9903€56k€-47k▼
Income taxes67/77€265€205▼
Profit (loss) for the period9904€56k€-48k▼
Profit (loss) for the period to be appropriated9905€56k€-48k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-196k
Profit (loss) brought forward from the previous period14P-€-148k
Social balance
Average headcount (FTE)9087-10.0
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €140k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25k | €25k | €23k | €21k | ▼ 11.8% |
| Other operating charges640/8 | - | - | - | €468 | - |
| Non-recurring operating charges66A | - | - | - | €3k | - |
| Gross operating margin9900 | €298k | €482k | €403k | €125k | ▼ 69.0% |
| Operating profit (loss)9901 | €-166k | €101k | €74k | €-40k | ▼ 154% |
| Financial income75/76B | - | - | - | €5k | - |
| Recurring financial income75 | €5k | €5k | €5k | €5k | ▼ 10.0% |
| Financial charges65/66B | - | - | - | €12k | - |
| Recurring financial charges65 | €25k | €22k | €21k | €12k | ▼ 41.6% |
| Profit (loss) for the period before taxes9903 | €-186k | €80k | €56k | €-47k | ▼ 185% |
| Income taxes67/77 | €45k | €465 | €265 | €205 | ▼ 22.6% |
| Profit (loss) for the period9904 | €-231k | €80k | €56k | €-48k | ▼ 186% |
| Profit (loss) for the period to be appropriated9905 | €-231k | €80k | €56k | €-48k | ▼ 186% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €293k | €300k | €290k | €248k | ▼ 14.5% |
| Fixed assets21/28 | €78k | €61k | €37k | €16k | ▼ 55.6% |
| Tangible fixed assets22/27 | €78k | €61k | €37k | €16k | ▼ 55.6% |
| Plant, machinery and equipment23 | - | - | - | €3k | - |
| Furniture and vehicles24 | - | - | - | €13k | - |
| Other tangible fixed assets26 | - | - | - | €758 | - |
| Current assets29/58 | €214k | €240k | €253k | €232k | ▼ 8.5% |
| Stocks and contracts in progress3 | €38k | €43k | €48k | €45k | ▼ 4.9% |
| Stocks30/36 | - | - | - | €45k | - |
| Amounts receivable within one year40/41 | €172k | €189k | €197k | €181k | ▼ 7.8% |
| Other amounts receivable41 | - | - | - | €181k | - |
| Cash at bank and in hand54/58 | €3k | €5k | €6k | €4k | ▼ 38.8% |
| Deferred charges and accrued income490/1 | - | - | - | €1k | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €293k | €300k | €290k | €248k | ▼ 14.5% |
| Equity10/15 | €-214k | €-134k | €-78k | €-126k | ▼ 60.9% |
| Contributions10/11 | €62k | €62k | €62k | €62k | = |
| Capital10 | - | - | - | €62k | - |
| Issued capital100 | - | - | - | €62k | - |
| Reserves13 | €8k | €8k | €8k | €8k | = |
| Non-distributable reserves130/1 | - | - | - | €6k | - |
| Legal reserve130 | - | - | - | €6k | - |
| Distributable reserves133 | - | - | - | €2k | - |
| Profit (loss) carried forward14 | €-284k | €-204k | €-148k | €-196k | ▼ 32.1% |
| Amounts payable17/49 | €506k | €434k | €369k | €374k | ▲ 1.5% |
| Amounts payable after more than one year17 | €31k | €129k | €126k | €130k | ▲ 3.7% |
| Financial debts170/4 | - | - | - | €11k | - |
| Other amounts payable178/9 | - | - | - | €119k | - |
| Amounts payable within one year42/48 | €472k | €300k | €243k | €242k | ▼ 0.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6k | - |
| Financial debts43 | - | - | - | €2k | - |
| Credit institutions430/8 | - | - | - | €2k | - |
| Trade debts44 | €328k | €189k | €167k | €159k | ▼ 4.4% |
| Suppliers440/4 | - | - | - | €159k | - |
| Taxes, remuneration and social security45 | - | - | - | €31k | - |
| Taxes450/3 | - | - | - | €4k | - |
| Remuneration and social security454/9 | - | - | - | €27k | - |
| Other amounts payable47/48 | - | - | - | €43k | - |
| Accrued charges and deferred income492/3 | - | - | - | €2k | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-231k | €80k | €56k | €-48k | ▼ 186% |
| + Depreciation and write-downs630 | €25k | €25k | €23k | €21k | ▼ 11.8% |
| Operating cash flow (approximation) | €-206k | €105k | €79k | €-27k | ▼ 134% |
| Investment in fixed assets (approximation) | - | €-7k | €0 | €0 | - |
| Change in cash | - | €2k | €806 | €-2k | ▼ 385% |
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
15-12
KBO administration
Address struck
2024
11-12
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Oudenaarde · event 05-12-2024
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
01-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
01-10
Financial
Back to profitnet €80k
Net result €80k after one loss-making year.
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 33 days late
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
13-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
2015
15-05
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 14 days late
2014
05-05
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 4 days late
2013
03-05
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 2 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Geraardsbergen · 1 establishment unit since 1998
Ground area
9,354 m²
Building footprint
3,232 m²
Volume, LiDAR
18,599 m³
2 parcels, Flanders · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
'T HOF VAN ORANJE
since 19982.088.781.469
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44007C0915/00K000 | Flanders | 5,160 m² | 1 · 1,205 m² | 11.4 m · 1 fl. |
| 41059A0140/00K000 | Flanders | 4,194 m² | 1 · 2,027 m² | 7.5 m · 2 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 | Koen VANDER STUYFT EINESTRAAT 22, 9700 OUDEN-
AARDE |
05-12-2024 → present |
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 8,522 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded27-06-1996
Fiscal year end01-10
Activities, NACEBEL 2025
56111Full-service restaurants
Scores and ratios are computed by Checked and are not a credit decision.