FLANDRIA TRADING
Open bankruptcyA bankruptcy procedure is open for FLANDRIA TRADING according to publications in the Belgian State Gazette; curator: FREDERIK DE VULDER.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○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 · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 26-07-2021, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
5 d early
2019
3 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Equity
€27k▼ 16.2%
2019 · €32k
2018: €38k
2019: €32k
2018 → 2020
Total assets
€43k▼ 32.1%
2019 · €64k
2018: €89k
2019: €64k
2018 → 2020
Net result
€-5k▲ 10.6%
2019 · €-6k
2018: €7k
2019: €-6k
2018 → 2020
Working capital
€23k▼ 20.2%
2019 · €29k
2018: €35k
2019: €29k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€38k-€32k▼ 15.3%€27k▼ 16.2%
Operating result€8k-€-4k€-979▲ 78.0%
Net result€7k-€-6k€-5k▲ 10.6%
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 €979 in 2020 against €4k in 2019; the loss shrinks.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €43k
Fixed assets
€4k ▲ 23.2%
Current assets
€40k ▼ 34.8%
Equity and liabilities €43k
Equity
€27k ▼ 16.2%
Debt
€16k ▼ 48.4%
Debt's share of the balance-sheet total falls from 49.5% to 37.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-675
Cash flow
€-5k
Current ratio
2.43▲
2019 · 1.92
ROE
-19.3%▼
2019 · -18.1%
ROA
-12.0%▼
2019 · -9.1%
Debt ≤ 1 year
€16k▼
2019 · €32k
Income taxes
€2k▲
2019 · €877
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 · 2020 against 2019 · 24 lines
Balance sheet
Code20192020
Assets
Total assets20/58€64k€43k▼
Fixed assets21/28€3k€4k▲
Tangible fixed assets22/27-€696
Financial fixed assets28€3k€3k=
Current assets29/58€61k€40k▼
Amounts receivable within one year40/41€12k€10k▼
Cash at bank and in hand54/58€47k€29k▼
Equity and liabilities
Total equity and liabilities10/49€64k€43k▼
Equity10/15€32k€27k▼
Contributions10/11€18k-
Reserves13€1k€1k=
Profit (loss) carried forward14€14k€8k▼
Amounts payable17/49€32k€16k▼
Amounts payable within one year42/48€32k€16k▼
Trade debts44€4k€5k▲
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€304
Gross operating margin9900€3k€8k▲
Operating profit (loss)9901€-4k€-979▲
Recurring financial income75€32-
Recurring financial charges65€522€2k▲
Profit (loss) for the period before taxes9903€-5k€-3k▲
Income taxes67/77€877€2k▲
Profit (loss) for the period9904€-6k€-5k▲
Profit (loss) for the period to be appropriated9905€-6k€-5k▲
Timeline · acts, filings and financial milestones
2023
29-03
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · FLANDRIA TRADING SRL BOULE- VARD EMILE BOCKSTAEL 11, 1020 LAEKEN · event 20-03-2023
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-6k ▼183%
Net result drops to €-6k, the lowest in the series.
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
05-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
08-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
03-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
08-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
13-07
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
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 | FREDERIK DE VULDER 59 B, AVENUE REINE ASTRID
(BTE 3), 1780 WEMMEL |
20-03-2023 → present |