EM & KOO
InactiveEM & KOO was declared bankrupt on 20-10-2022 (Ondernemingsrechtbank Leuven); the bankruptcy was closed by liquidation by judgment of 07-03-2024, published in the Belgian State Gazette on 15-03-2024.
Summary
Inactive; last annual accounts for fiscal year 2017.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2017. Since then, 8 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 6 filingsPosition against the passed deadline
31-12-2018 close31-07-2019 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 13-08-2018, 13 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2017, micro schema
Equity
€-29k▼ 89.6%
2016 · €-15k
2013: €14k
2014: €8k
2015: €402
2016: €-15k
2013 → 2017
Total assets
€27k▼ 31.2%
2016 · €40k
2013: €15k
2014: €12k
2015: €69k
2016: €40k
2013 → 2017
Net result
€-14k▲ 12.7%
2016 · €-15k
2013: €-4k
2014: €-5k
2015: €-8k
2016: €-15k
2013 → 2017
Working capital
€627▼ 69.8%
2016 · €2k
2013: €13k
2014: €8k
2015: €17k
2016: €2k
2013 → 2017
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20132014201520162017Trend
Equity€14k-€8k▼ 38.9%€402▼ 95.2%€-15k€-29k▼ 89.6%
Operating result€-4k-€-6k▼ 53.6%€-7k▼ 11.1%€-15k▼ 131%€-13k▲ 15.3%
Net result€-4k-€-5k▼ 37.2%€-8k▼ 49.3%€-15k▼ 94.2%€-14k▲ 12.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €13k in 2017 against €15k in 2016; the loss shrinks.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €27k
Fixed assets
€24k ▼ 33.7%
Current assets
€4k ▼ 8.9%
Key figures and ratios
EBITDA
€-767▲
2016 · €-3k
Cash flow
€-1k▲
2016 · €-3k
Solvency
-104.4%▼
2016 · -37.9%
Current ratio
1.21▼
2016 · 2.06
Debt to equity
-1.85▲
2016 · -3.51
ROA
-49.4%▼
2016 · -38.9%
Debt
€56k▲
2016 · €55k
Debt ≤ 1 year
€3k▲
2016 · €2k
Debt > 1 year
€53k=
2016 · €53k
Income taxes
€637▲
2016 · €288
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 · 2017 against 2016 · 23 lines
Balance sheet
Code20162017
Assets
Total assets20/58€40k€27k▼
Fixed assets21/28€36k€24k▼
Tangible fixed assets22/27€36k€24k▼
Current assets29/58€4k€4k▼
Amounts receivable within one year40/41€3k€3k▼
Cash at bank and in hand54/58€762€612▼
Equity and liabilities
Total equity and liabilities10/49€40k€27k▼
Equity10/15€-15k€-29k▼
Contributions10/11€50k€50k=
Profit (loss) carried forward14€-65k€-79k▼
Amounts payable17/49€55k€56k▲
Amounts payable after more than one year17€53k€53k=
Amounts payable within one year42/48€2k€3k▲
Trade debts44€1k€2k▲
Income statement
Code20162017
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€12k▼
Gross operating margin9900€-2k€-282▲
Operating profit (loss)9901€-15k€-13k▲
Recurring financial income75-€0
Recurring financial charges65€35€43▲
Profit (loss) for the period before taxes9903€-15k€-13k▲
Income taxes67/77€288€637▲
Profit (loss) for the period9904€-15k€-14k▲
Profit (loss) for the period to be appropriated9905€-15k€-14k▲
Timeline · acts, filings and financial milestones
2024
15-03
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Leuven · EM & KOO BV TOMMESTRAAT(OTT) 87, 3040 HULDENBERG · event 07-03-2024
2022
26-10
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · EM & KOO BV TOMME- STRAAT(OTT) 87, 3040 HULDENBERG · event 20-10-2022
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 13 days late
2017
14-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 14 days late
2016
31-12
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series.
26-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
31-12
Financial
Liquidity doublescurrent ratio 6.53
Current ratio from 2.96 to 6.53; short-term debt falls from €4k to €3k.
24-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
23-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
30-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | DIRK DE MAESENEER BRUSSELSESTEENWEG 62,
3000 LEUVEN |
20-10-2022 → 07-03-2024 |
| Curator | SVEN DE
MAESENEER BRUSSELSESTEENWEG 62, 3000 LEUVEN- |
20-10-2022 → 07-03-2024 |