FORBES PROPERTIES
InactiveFORBES PROPERTIES was declared bankrupt on 14-08-2023 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed by liquidation by judgment of 24-09-2024, published in the Belgian State Gazette on 01-10-2024.
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 · 3 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 17-05-2023, 75 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
75 d early
2021
29 d late
2020
19 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€-3k▲ 60.4%
2021 · €-8k
2020: €2k
2021: €-8k
2020 → 2022
Total assets
€32k▲ 24.1%
2021 · €26k
2020: €3k
2021: €26k
2020 → 2022
Net result
€5k
2021 · €-10k
2020: €-773
2021: €-10k
2020 → 2022
Working capital
€-19k▼ 118%
2021 · €-9k
2020: €290
2021: €-9k
2020 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202020212022Trend
Equity€2k-€-8k€-3k▲ 60.4%
Operating result€-773-€-10k▼ 1,140%€5k
Net result€-773-€-10k▼ 1,150%€5k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2022: €5k after a loss of €10k in 2021, the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €31k
Fixed assets
€15k ▲ 8,756%
Current assets
€16k ▼ 36.3%
Key figures and ratios
EBITDA
€7k▲
2021 · €-9k
Cash flow
€7k▲
2021 · €-9k
Solvency
-9.8%▲
2021 · -30.9%
Current ratio
0.45▼
2021 · 0.74
Debt to equity
-11.16▼
2021 · -4.24
ROA
15.0%▲
2021 · -37.6%
Interest coverage
5.85▲
2021 · -124.89
Debt
€35k▲
2021 · €34k
Debt ≤ 1 year
€34k▲
2021 · €33k
Staff costs
€628▼
2021 · €4k
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 · 38 lines
Balance sheet
Code20212022
Assets
Total assets20/58€26k€32k▲
Formation expenses20€1k€849▼
Fixed assets21/28€175€15k▲
Intangible fixed assets21-€15k
Financial fixed assets28€175€175=
Current assets29/58€24k€16k▼
Amounts receivable within one year40/41€5k€15k▲
Trade receivables40€3k€15k▲
Other amounts receivable41€2k-
Cash at bank and in hand54/58€2k€346▼
Deferred charges and accrued income490/1€17k-
Equity and liabilities
Total equity and liabilities10/49€26k€32k▲
Equity10/15€-8k€-3k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€-10k€-6k▲
Amounts payable17/49€34k€35k▲
Amounts payable within one year42/48€33k€34k▲
Trade debts44€19k€10k▼
Suppliers440/4€19k€10k▼
Taxes, remuneration and social security45€3k€5k▲
Taxes450/3€809€5k▲
Remuneration and social security454/9€2k-
Other amounts payable47/48€11k€20k▲
Accrued charges and deferred income492/3€557€564▲
Income statement
Code20212022
Remuneration, social security and pensions62€4k€628▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€294€2k▲
Other operating charges640/8€50€599▲
Gross operating margin9900€-6k€9k▲
Operating profit (loss)9901€-10k€5k▲
Financial income75/76B-€599
Recurring financial income75-€599
Financial charges65/66B€74€1k▲
Recurring financial charges65€74€1k▲
Profit (loss) for the period before taxes9903€-10k€5k▲
Profit (loss) for the period9904€-10k€5k▲
Profit (loss) for the period to be appropriated9905€-10k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-10k€-6k▲
Profit (loss) brought forward from the previous period14P€-773€-10k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
01-10
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise francophone de Bruxelles · BELGIAN INVESTMENT NETWORK SRL RUE EMILE FERON 153, 1060 SAINT-GILLES. déclarée le 14 août 2023 · event 24-09-2024
2023
18-08
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · BELGIAN INVESTMENT NETWORK SRL RUE EMILE FERON 153, 1060 SAINT-GILLES · event 14-08-2023
17-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
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 | CHRISTOPHE BOURTEMBOURG AVENUE
LOUISE 283/19, 1050 IXELLES- christophe.bourtembourg@everest-
law.eu |
14-08-2023 → 24-09-2024 |