EMPIRE TRADING

Open bankruptcy

Private limited companyfounded 2019Louizalaan 500, 1050 Elsene, BelgiumKBO/BCE: BE 0732.931.604

A bankruptcy procedure is open for EMPIRE TRADING according to publications in the Belgian State Gazette; curator: QUENTIN LAMBEAU. The 2024 annual accounts show equity of €130k and a net result of €71k.

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Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 6717 sector peers (2024).

NBB · sector comparison

Position among 6717 sector peers

Solvency

better than 22%

← weakest strongest →

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€130k▲ 120%

2023 · €59k

2020: €26k 2021: €110k 2022: €-47k 2023: €59k

2020 → 2024

Total assets

€1.30M▼ 23.5%

2023 · €1.70M

2020: €232k 2021: €529k 2022: €514k 2023: €1.70M

2020 → 2024

Net result

€71k▼ 33.1%

2023 · €106k

2020: €23k 2021: €84k 2022: €-157k 2023: €106k

2020 → 2024

Working capital

€-422k▼ 98.2%

2023 · €-213k

2020: €-9k 2021: €-13k 2022: €-262k 2023: €-213k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€26k-€110k▲ 316%€-47k€59k€130k▲ 120%

Operating result€35k-€117k▲ 237%€-154k€107k€108k▲ 1.7%

Net result€23k-€84k▲ 257%€-157k€106k€71k▼ 33.1%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2022 the operating result has climbed two years in a row; 2024 is 2% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.30M

46.4%

53.6%

Fixed assets €604k▲ 122%

Current assets €698k▼ 51.2%

Equity and liabilities €1.30M

10%

90.0%

Equity €130k▲ 120%

Debt €1.17M▼ 28.7%

The debt ratio falls from 96.5% to 90.0%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€176k▲

2023 · €156k

Cash flow

€139k▼

2023 · €156k

Solvency

10.0%▲

2023 · 3.5%

Current ratio

0.62▼

2023 · 0.87

Quick ratio

0.62▼

2023 · 0.87

Debt / equity

9.00▼

2023 · 27.78

ROE

54.5%▼

2023 · 179.5%

ROA

5.5%▼

2023 · 6.2%

Interest coverage

9.81▼

2023 · 1061.42

Debt

€1.17M▼

2023 · €1.64M

Debt ≤ 1 year

€1.12M▼

2023 · €1.64M

Debt > 1 year

€52k

Income taxes

€19k▲

2023 · €251

Staff costs

€591k▲

2023 · €383k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€1.70M€1.30M▼

Fixed assets21/28€272k€604k▲

Tangible fixed assets22/27€182k€479k▲

Plant, machinery and equipment23€10k€12k▲

Furniture and vehicles24€170k€124k▼

Leasing and similar rights25€1k€342k▲

Financial fixed assets28€91k€125k▲

Current assets29/58€1.43M€698k▼

Amounts receivable within one year40/41€1.41M€681k▼

Trade receivables40€1.24M€553k▼

Other amounts receivable41€172k€128k▼

Cash at bank and in hand54/58€4k€14k▲

Deferred charges and accrued income490/1€18k€3k▼

Equity and liabilities

Total equity and liabilities10/49€1.70M€1.30M▼

Equity10/15€59k€130k▲

Contributions10/11€3k€3k=

Reserves13€300€300=

Non-distributable reserves130/1€300€300=

Other1319€300€300=

Profit (loss) carried forward14€56k€127k▲

Amounts payable17/49€1.64M€1.17M▼

Amounts payable after more than one year17-€52k

Financial debts170/4-€52k

Amounts payable within one year42/48€1.64M€1.12M▼

Current portion of amounts payable after more than one year42-€115k

Financial debts43€42k€42k=

Credit institutions430/8€42k€42k=

Trade debts44€697k€827k▲

Suppliers440/4€697k€827k▲

Advances received on contracts in progress46€710k-

Taxes, remuneration and social security45€131k€105k▼

Taxes450/3€77k€53k▼

Remuneration and social security454/9€54k€53k▼

Other amounts payable47/48€65k€31k▼

Income statement Code20232024

Remuneration, social security and pensions62€383k€591k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€49k€68k▲

Other operating charges640/8€53k€19k▼

Gross operating margin9900€592k€786k▲

Operating profit (loss)9901€107k€108k▲

Financial income75/76B€41€7▼

Recurring financial income75€41€7▼

Financial charges65/66B€147€18k▲

Recurring financial charges65€147€18k▲

Profit (loss) for the period before taxes9903€106k€90k▼

Income taxes67/77€251€19k▲

Profit (loss) for the period9904€106k€71k▼

Profit (loss) for the period to be appropriated9905€106k€71k▼

Appropriation of the result

Profit (loss) to be appropriated9906€56k€127k▲

Profit (loss) brought forward from the previous period14P€-50k€56k▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 10Signals 1Financial 4Filings 5

2026

21-08

Bankruptcy Opening

Tribunal de l’entreprise francophone de Bruxelles · SRL EMPIRE TRADING AVENUE LOUISE 500, 1050 IXELLES · event 12-08-2026

2025

27-11

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 119 days late

2024

31-12

Financial Equity above €100kEq €130k ▲120%

2 profitable years in a row build equity to €130k.

18-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 79 days late

2023

31-12

Financial Back to profitnet €106k

Net result €106k after one loss-making year.

19-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 80 days late

2022

31-12

Financial Weakest financial yearnet €-157k ▼288%

Net result drops to €-157k, the lowest in the series.

20-10

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 81 days late

2021

31-12

Financial Equity above €100kEq €110k ▲316%

2 profitable years in a row build equity to €110k.

11-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2026

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

06-02-2026 Resigned as Director

Location & real-estate footprint

Registered office, Elsene · 1 establishment unit since 2019

establishment The establishment unit on the map

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.

Louizalaan 5001050 Elsene

Ground area

3,287 m²

Building footprint

1,382 m²

Volume, LiDAR