EURAM
InactiveEURAM was declared bankrupt on 21-12-2023 (Ondernemingsrechtbank Leuven); the bankruptcy was closed by liquidation by judgment of 08-05-2025, published in the Belgian State Gazette on 14-05-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three 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 · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 30-06-2023, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
31 d early
2021
80 d early
2020
75 d early
2019
56 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, abbreviated schema
Equity
€-326k▲ 25.0%
2021 · €-435k
2018: €950k
2019: €989k
2020: €-599k
2021: €-435k
2018 → 2022
Total assets
€1.58M▼ 7.4%
2021 · €1.70M
2018: €4.19M
2019: €3.86M
2020: €2.27M
2021: €1.70M
2018 → 2022
Net result
€108k▼ 33.9%
2021 · €164k
2018: €209k
2019: €39k
2020: €-1.59M
2021: €164k
2018 → 2022
Working capital
€156k▼ 69.6%
2021 · €512k
2018: €3.35M
2019: €3.08M
2020: €868k
2021: €512k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€950k-€989k▲ 4.1%€-599k€-435k▲ 27.4%€-326k▲ 25.0%
Operating result€286k-€67k▼ 76.7%€-1.58M€211k€207k▼ 1.8%
Net result€209k-€39k▼ 81.5%€-1.59M€164k€108k▼ 33.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2022; 2022 is 2% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €1.58M
Fixed assets
€659k ▲ 37.6%
Current assets
€917k ▼ 25.0%
Key figures and ratios
EBITDA
€401k▲
2021 · €375k
Cash flow
€303k▼
2021 · €328k
Solvency
-20.7%▲
2021 · -25.5%
Current ratio
1.20▼
2021 · 1.72
Debt to equity
-5.83▼
2021 · -4.92
ROA
6.9%▼
2021 · 9.6%
Interest coverage
3.04▼
2021 · 4.14
Debt
€1.90M▼
2021 · €2.14M
Debt ≤ 1 year
€761k▲
2021 · €711k
Debt > 1 year
€834k▼
2021 · €1.20M
Income taxes
€939▼
2021 · €3k
Staff costs
€738k▲
2021 · €543k
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 · 2022 against 2021 · 57 lines
Balance sheet
Code20212022
Assets
Total assets20/58€1.70M€1.58M▼
Fixed assets21/28€479k€659k▲
Intangible fixed assets21€424k€614k▲
Tangible fixed assets22/27€39k€23k▼
Land and buildings22€28k€15k▼
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24€6k€4k▼
Financial fixed assets28€16k€22k▲
Current assets29/58€1.22M€917k▼
Amounts receivable within one year40/41€215k€86k▼
Trade receivables40€201k€70k▼
Other amounts receivable41€14k€16k▲
Cash at bank and in hand54/58€957k€599k▼
Deferred charges and accrued income490/1€51k€232k▲
Equity and liabilities
Total equity and liabilities10/49€1.70M€1.58M▼
Equity10/15€-435k€-326k▲
Contributions10/11€250k€250k=
Capital10€250k€250k=
Issued capital100€250k€250k=
Reserves13€126k€126k=
Non-distributable reserves130/1€25k€25k=
Legal reserve130€25k€25k=
Tax-exempt reserves132€10k€10k=
Distributable reserves133€91k€91k=
Profit (loss) carried forward14€-810k€-702k▲
Amounts payable17/49€2.14M€1.90M▼
Amounts payable after more than one year17€1.20M€834k▼
Financial debts170/4€1.20M€834k▼
Amounts payable within one year42/48€711k€761k▲
Current portion of amounts payable after more than one year42€68k€367k▲
Financial debts43€200k€200k=
Credit institutions430/8€200k€200k=
Trade debts44€119k€86k▼
Suppliers440/4€119k€86k▼
Taxes, remuneration and social security45€95k€103k▲
Taxes450/3€20k€23k▲
Remuneration and social security454/9€75k€81k▲
Other amounts payable47/48€228k€5k▼
Accrued charges and deferred income492/3€224k€307k▲
Income statement
Code20212022
Non-recurring operating income76A-€78k
Remuneration, social security and pensions62€543k€738k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€164k€194k▲
Other operating charges640/8€3k€3k▼
Gross operating margin9900€921k€1.14M▲
Operating profit (loss)9901€211k€207k▼
Financial income75/76B€47k€34k▼
Recurring financial income75€47k€34k▼
Financial charges65/66B€90k€132k▲
Recurring financial charges65€90k€132k▲
Profit (loss) for the period before taxes9903€167k€109k▼
Income taxes67/77€3k€939▼
Profit (loss) for the period9904€164k€108k▼
Transfer from tax-exempt reserves789€16k€0▼
Profit (loss) for the period to be appropriated9905€181k€108k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-810k€-702k▲
Profit (loss) brought forward from the previous period14P€-991k€-810k▲
Social balance
Average headcount (FTE)908712.610.0▼
The notes to these accounts (24 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
14-05
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Leuven · EURAM NV VAART- DIJK 3/1.2, 3018 WIJGMAAL (BT.) · event 08-05-2025
2023
28-12
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · EURAM NV VAARTDIJK 3/1.2, 3018 WIJGMAAL (BT.) · event 21-12-2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
12-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €164k
Net result €164k after one loss-making year.
17-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-1.59M ▼4211%
Net result drops to €-1.59M, the lowest in the series.
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
23-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
06-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
22-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
04-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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 | ILSE VAN DE MIEROP WOLSTRAAT 70, 1000 BRUSSEL 1- |
21-12-2023 → 08-05-2025 |
Public money · subsidies and aid
Flemish government
2022 · 3 entries · 293,087 EUR awarded · 293,087 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 3 | 293,087 EUR | 293,087 EUR |
Schemes
Globalisatiemechanisme (stopgezet)
Vlaams Beschermingsmechanisme 11 (stopgezet)
Vlaams beschermingsmechanisme 12 (stopgezet)
Recognitions · licences · registrations
Legal Entity Identifier
549300GKRZ090YBED765