EURAGROUP
InactiveEURAGROUP was declared bankrupt on 07-05-2024 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 03-06-2025, published in the Belgian State Gazette on 17-06-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2022.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline22-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 22-02-2024, 206 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
206 d late
2021
40 d early
2019
67 d late
2018
55 d early
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€22k▼ 44.7%
2021 · €39k
2018: €13k
2019: €26k
2021: €39k
2018 → 2022
Working capital
€97k▲ 35.5%
2021 · €72k
2018: €19k
2019: €43k
2021: €72k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920212022Trend
Equity€19k-€43k▲ 124%€87k▲ 104%€108k▲ 24.8%
Operating result€15k-€31k▲ 107%€39k▲ 26.6%€23k▼ 40.8%
Net result€13k-€26k▲ 101%€39k▲ 51.5%€22k▼ 44.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2022; 2022 is 41% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €150k
Fixed assets
€12k▼ 25.0%
Current assets
€138k▲ 36.9%
Equity and liabilities €150k
Equity
€108k▲ 24.8%
Debt
€42k▲ 40.3%
The debt ratio rises from 25.4% to 27.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€27k▼
2021 · €43k
Cash flow
€25k▼
2021 · €43k
Solvency
72.3%▼
2021 · 74.6%
Current ratio
3.33▼
2021 · 3.41
Quick ratio
3.33▼
2021 · 3.41
Debt / equity
0.38▲
2021 · 0.34
ROE
19.9%▼
2021 · 44.9%
ROA
14.4%▼
2021 · 33.4%
Debt
€42k▲
2021 · €30k
Debt ≤ 1 year
€42k▲
2021 · €30k
Income taxes
€2k
Staff costs
€59k▲
2021 · €36k
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 · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€116k€150k▲
Fixed assets21/28€15k€12k▼
Tangible fixed assets22/27€15k€12k▼
Furniture and vehicles24€15k€12k▼
Current assets29/58€101k€138k▲
Amounts receivable within one year40/41€95k€131k▲
Trade receivables40€88k€130k▲
Other amounts receivable41€7k€1k▼
Cash at bank and in hand54/58€7k€8k▲
Equity and liabilities
Total equity and liabilities10/49€116k€150k▲
Equity10/15€87k€108k▲
Contributions10/11€6k€6k=
Capital10€6k-
Issued capital100€19k-
Uncalled capital101€12k-
Outside capital11-€6k
Share premium1100/10-€6k
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€79k€100k▲
Amounts payable17/49€30k€42k▲
Amounts payable within one year42/48€30k€42k▲
Trade debts44€2k€42k▲
Suppliers440/4€2k€42k▲
Taxes, remuneration and social security45€5k-
Remuneration and social security454/9€5k-
Other amounts payable47/48€23k-
Income statement
Code20212022
Remuneration, social security and pensions62€36k€59k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k=
Other operating charges640/8-€718
Gross operating margin9900€79k€86k▲
Operating profit (loss)9901€39k€23k▼
Profit (loss) for the period before taxes9903€39k€23k▼
Income taxes67/77-€2k
Profit (loss) for the period9904€39k€22k▼
Profit (loss) for the period to be appropriated9905€39k€22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€79k€100k▲
Profit (loss) brought forward from the previous period14P€40k€79k▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-06
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · EURAGROUP STEENWEG OP MECHELEN 455 BUS 1, 1950 KRAAINEM · event 03-06-2025
2024
14-05
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · EURAGROUP STEENWEG OP MECHELEN 455 BUS 1, 1950 KRAAINEM · event 07-05-2024
22-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 206 days late
2022
31-12
Financial
Equity above €100kEq €108k ▲24.8%
4 profitable years in a row build equity to €108k.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €39k ▲51.5%
Operating result €39k, net result €39k, both a record.
2020
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 67 days late
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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 | JENS VREBOS EZELSTRAAT 25, 8000 BRUGGE- |
07-05-2024 → present |