ERBIL
InactiveERBIL was declared bankrupt on 27-01-2022 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 23-05-2023, published in the Belgian State Gazette on 26-05-2023.
No longer registered with the KBO; last annual accounts for fiscal year 2020.
Signals
Four signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 3 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline22-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 24-08-2021, 24 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
24 d late
2019
91 d late
← before the deadline
after the deadline →
Financials · fiscal year 2020, micro schema
Turnover
€130k
EBIT margin
30.5%
Net result
€37k▲ 114%
2019 · €17k
2018: €-8k
2019: €17k
2018 → 2020
Working capital
€49k▲ 266%
2019 · €13k
2018: €600
2019: €13k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Turnover€130k
Equity€5k-€22k▲ 356%€59k▲ 167%
Operating result€-6k-€20k€40k▲ 103%
Net result€-8k-€17k€37k▲ 114%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2020 is 103% above 2019 and is the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €78k
Fixed assets
€10k▲ 15.6%
Current assets
€68k▲ 62.1%
Equity and liabilities €78k
Equity
€59k▲ 167%
Debt
€19k▼ 32.8%
The debt ratio falls from 56.6% to 24.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€41k▲
2019 · €20k
Cash flow
€39k▲
2019 · €18k
Solvency
75.3%▲
2019 · 43.4%
Current ratio
3.53▲
2019 · 1.46
Quick ratio
3.53▲
2019 · 1.46
ROE
62.6%▼
2019 · 78.1%
ROA
47.2%▲
2019 · 33.9%
Debt
€19k▼
2019 · €29k
Debt ≤ 1 year
€19k▼
2019 · €29k
Income taxes
€0=
2019 · €0
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 · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€51k€78k▲
Formation expenses20€0€0=
Fixed assets21/28€9k€10k▲
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€5k€6k▲
Financial fixed assets28€4k€4k=
Current assets29/58€42k€68k▲
Stocks and contracts in progress3€257€0▼
Amounts receivable within one year40/41€26k€34k▲
Current investments50/53€0€0=
Cash at bank and in hand54/58€16k€35k▲
Equity and liabilities
Total equity and liabilities10/49€51k€78k▲
Equity10/15€22k€59k▲
Contributions10/11€13k-
Reserves13€0-
Profit (loss) carried forward14€10k€47k▲
Provisions and deferred taxes16€0-
Amounts payable17/49€29k€19k▼
Amounts payable after more than one year17€0-
Amounts payable within one year42/48€29k€19k▼
Trade debts44€23k€17k▼
Income statement
Code20192020
Turnover70-€130k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€686€2k▲
Gross operating margin9900€85k€58k▼
Operating profit (loss)9901€20k€40k▲
Recurring financial income75€0€0=
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€17k€37k▲
Income taxes67/77€0€0=
Profit (loss) for the period9904€17k€37k▲
Profit (loss) for the period to be appropriated9905€17k€37k▲
Appropriation of the result
Return on contributions (dividend)694€0€0=
Timeline · acts, filings and financial milestones
2023
26-05
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · ERBIL BV NATIONALESTRAAT 142/9, 2000 ANTWERPEN 1 · event 23-05-2023
2022
02-02
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · ERBIL BV NATIONALE- STRAAT 142/9, 2000 ANTWERPEN 1 · event 27-01-2022
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-12
Financial
Highest result since 2018net €37k ▲114%
Operating result €40k, net result €37k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.53
Current ratio from 1.46 to 3.53; short-term debt falls from €29k to €19k.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 2 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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
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
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GUY VANHOUCKE ANSELMOSTRAAT 2,
2018 ANTWERPEN 1 |
27-01-2022 → present |