FIRANTEX
InactiveFIRANTEX was declared bankrupt on 03-10-2022 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed for insufficient assets by judgment of 11-12-2023, published in the Belgian State Gazette on 15-12-2023.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
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 31-12-2022, 4 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
31-12-2022 close31-07-2023 deadline22-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 20-07-2022, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
11 d early
2020
30 d late
2019
91 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Equity
€-19k▼ 73.4%
2020 · €-11k
2018: €12k
2019: €18k
2020: €-11k
2018 → 2021
Total assets
€94k▼ 49.9%
2020 · €187k
2018: €743k
2019: €330k
2020: €187k
2018 → 2021
Net result
€-8k▲ 72.2%
2020 · €-29k
2018: €16k
2019: €6k
2020: €-29k
2018 → 2021
Working capital
€-42k▼ 569%
2020 · €-6k
2018: €190k
2019: €65k
2020: €-6k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€12k-€18k▲ 48.7%€-11k€-19k▼ 73.4%
Operating result€9k-€10k▲ 14.0%€-27k€-8k▲ 72.0%
Net result€16k-€6k▼ 63.4%€-29k€-8k▲ 72.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8k in 2021 against €27k in 2020; the loss shrinks.
Balance-sheet composition
Assets €94k
Fixed assets
€22k
Current assets
€71k
Key figures and ratios
EBITDA
€-4k
Cash flow
€-5k
Solvency
-20.3%▼
2020 · -5.9%
Current ratio
0.63▼
2020 · 0.97
Quick ratio
0.14▼
2020 · 0.65
Debt / equity
-5.92
ROA
-8.6%▲
2020 · -15.5%
Interest coverage
-13.65
Debt
€113k▼
2020 · €198k
Debt ≤ 1 year
€113k▼
2020 · €193k
Income taxes
€214
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€187k€94k▼
Fixed assets21/28-€22k
Tangible fixed assets22/27-€22k
Plant, machinery and equipment23-€2k
Furniture and vehicles24-€21k
Current assets29/58€187k€71k▼
Stocks and contracts in progress3€61k€56k▼
Stocks30/36-€56k
Amounts receivable within one year40/41€103k€8k▼
Other amounts receivable41-€8k
Cash at bank and in hand54/58€24k€7k▼
Deferred charges and accrued income490/1-€193
Equity and liabilities
Total equity and liabilities10/49€187k€94k▼
Equity10/15€-11k€-19k▼
Contributions10/11-€19k
Profit (loss) carried forward14€-30k€-38k▼
Amounts payable17/49€198k€113k▼
Amounts payable within one year42/48€193k€113k▼
Trade debts44€139k€49k▼
Suppliers440/4-€49k
Taxes, remuneration and social security45-€214
Taxes450/3-€214
Other amounts payable47/48-€64k
Income statement
Code20202021
Non-recurring operating income76A-€11k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€3k
Other operating charges640/8-€8k
Gross operating margin9900€-14k€4k▲
Operating profit (loss)9901€-27k€-8k▲
Financial charges65/66B-€327
Recurring financial charges65€2k€327▼
Profit (loss) for the period before taxes9903€-29k€-8k▲
Income taxes67/77-€214
Profit (loss) for the period9904€-29k€-8k▲
Profit (loss) for the period to be appropriated9905€-29k€-8k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-38k
Profit (loss) brought forward from the previous period14P-€-30k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
15-12
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Dendermonde · FIRANTEX BV BROUWERSHOF 13, 9100 SINT-NIKLAAS · event 11-12-2023
2022
10-10
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · FIRANTEX BV BROU- WERSHOF 13, 9100 SINT-NIKLAAS · event 03-10-2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €-29k ▼591%
Net result drops to €-29k, the lowest in the series.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 31 days late
2014
31-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
30-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | ALAIN CLEYMAN PR. JOS. CHARLOTTELAAN 71,
9100 SINT-NIKLAAS |
03-10-2022 → present |
| Curator | CATHA-
RINA ORLENT PR.JOS.CHARLOTTELAAN 71, 9100 SINT-NIKLAAS- |
03-10-2022 → present |