FARINA
InactiveFARINA was declared bankrupt on 09-11-2021 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed by liquidation by judgment of 26-03-2024, published in the Belgian State Gazette on 02-04-2024.
Summary
Inactive; last annual accounts for fiscal year 2018.
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 31-12-2018. Since then, 7 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 4 filingsPosition against the passed deadline
31-12-2019 close31-07-2020 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2018 was due by 31-07-2019 and was filed on 10-10-2019, 71 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 · 4 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 →
tick = median of all Belgian filings
The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2018, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€102,817
Total assets
€591,109
Net result
€28,595
Working capital
€71,715
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Balance-sheet composition
Assets €603,274
Fixed assets
€46,264
Current assets
€557,009
Equity and liabilities €591,109
Equity
€102,817
Debt
€488,291
Debt finances 82.6% of the balance-sheet total.
Key figures and ratios
EBITDA
€69,781
Cash flow
€43,585
Current ratio
1.15
Quick ratio
0.64
Debt to equity
0.22
ROE
27.8%
ROA
4.8%
Debt ≤ 1 year
€485,295
Debt > 1 year
€22,461
Income taxes
€18,776
Annual accounts
| Line | 2018 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,989 |
| Gross operating margin9900 | €116,539 |
| Operating profit (loss)9901 | €54,792 |
| Recurring financial income75 | €385 |
| Recurring financial charges65 | €7,433 |
| Profit (loss) for the period before taxes9903 | €47,372 |
| Income taxes67/77 | €18,776 |
| Profit (loss) for the period9904 | €28,595 |
| Profit (loss) for the period to be appropriated9905 | €28,595 |
| Line | 2018 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €591,109 | |
| Formation expenses20 | €199 | |
| Fixed assets21/28 | €46,264 | |
| Intangible fixed assets21 | €0 | |
| Tangible fixed assets22/27 | €46,264 | |
| Financial fixed assets28 | €0 | |
| Current assets29/58 | €557,009 | |
| Stocks and contracts in progress3 | €244,330 | |
| Amounts receivable within one year40/41 | €283,511 | |
| Current investments50/53 | €0 | |
| Cash at bank and in hand54/58 | €27,903 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €591,109 | |
| Equity10/15 | €102,817 | |
| Contributions10/11 | €12,400 | |
| Reserves13 | €90,417 | |
| Profit (loss) carried forward14 | €0 | |
| Amounts payable17/49 | €488,291 | |
| Amounts payable after more than one year17 | €22,461 | |
| Amounts payable within one year42/48 | €485,295 | |
| Trade debts44 | €381,077 | |
| Line | 2018 |
|---|---|
| Profit (loss) for the period9904 | €28,595 |
| + Depreciation and write-downs630 | €14,989 |
| Operating cash flow (approximation) | €43,585 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
02-04
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 26-03-2024
2021
17-11
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 09-11-2021
2019
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 71 days late
2018
15-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 107 days late
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
15-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalNBB filing
0 of 2 acts read
About the unread acts
We know of 2 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
2 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ERIC VAN MEENSEL PALEISSTRAAT 12-14,
2018 ANTWERPEN 1 |
09-11-2021 → 26-03-2024 |