FRONT RUNNER VEHICLE OUTFITTERS
InactiveFRONT RUNNER VEHICLE OUTFITTERS was declared bankrupt on 11-05-2023 (Ondernemingsrechtbank Leuven); the bankruptcy was closed for insufficient assets by judgment of 12-10-2023, published in the Belgian State Gazette on 18-10-2023.
No longer registered with the KBO; last annual accounts for fiscal year 2018.
Signals
Four signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 28-02-2018. Since then, 7 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 4 filingsPosition against the passed deadline
28-02-2019 close30-09-2019 deadline21-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 28-02-2018 was due by 30-09-2018 and was filed on 26-09-2018, 4 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
Financials · fiscal year 2018, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€0
2017 · €0
2016: €0
2017: €0
2016 → 2018
Total assets
€627k▲ 123%
2017 · €281k
2015: €28k
2016: €246k
2017: €281k
2015 → 2018
Net result
€-51k=
2017 · €-51k
2015: €-20k
2016: €-33k
2017: €-51k
2015 → 2018
Working capital
€-137k▼ 24.6%
2017 · €-110k
2015: €-4k
2016: €-54k
2017: €-110k
2015 → 2018
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2015201620172018Trend
Turnover€0€0€0
Equity€-1k-€-34k▼ 2,310%€-85k▼ 149%€-91k▼ 6.2%
Operating result€-20k-€-22k▼ 10.7%€-22k=€67k
Net result€-20k-€-33k▼ 64.4%€-51k▼ 55.0%€-51k=
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2018: €67k after a loss of €22k in 2017, the highest result in the available series.
Balance-sheet composition
2018 in colour, 2017 as the grey bar beneath
Assets €627k
Fixed assets
€54k▲ 35.3%
Current assets
€573k▲ 136%
Key figures and ratios
EBITDA
€80k▲
2017 · €-16k
Cash flow
€-38k▲
2017 · €-45k
Solvency
-14.5%▲
2017 · -30.3%
Current ratio
0.81▲
2017 · 0.69
Quick ratio
0.81▲
2017 · 0.69
Debt / equity
-0.16▲
2017 · -0.24
ROA
-8.1%▲
2017 · -18.1%
Debt
€718k▲
2017 · €367k
Debt ≤ 1 year
€710k▲
2017 · €353k
Debt > 1 year
€14k▼
2017 · €20k
Income taxes
€0=
2017 · €0
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 · 2018 against 2017
Balance sheet
Code20172018
Assets
Total assets20/58€281k€627k▲
Formation expenses20€0€0=
Fixed assets21/28€40k€54k▲
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€40k€54k▲
Financial fixed assets28€0€0=
Current assets29/58€242k€573k▲
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€172k€482k▲
Current investments50/53€0€0=
Cash at bank and in hand54/58€70k€91k▲
Equity and liabilities
Total equity and liabilities10/49€281k€627k▲
Equity10/15€-85k€-91k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-104k€-109k▼
Amounts payable17/49€367k€718k▲
Amounts payable after more than one year17€20k€14k▼
Amounts payable within one year42/48€353k€710k▲
Trade debts44€52k€48k▼
Income statement
Code20172018
Turnover70€0€0=
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€13k▲
Gross operating margin9900€93k€232k▲
Operating profit (loss)9901€-22k€67k▲
Recurring financial income75€4k€3k▼
Recurring financial charges65€38k€75k▲
Profit (loss) for the period before taxes9903€-51k€-51k=
Income taxes67/77€0€0=
Profit (loss) for the period9904€-51k€-51k=
Profit (loss) for the period to be appropriated9905€-51k€-51k=
Appropriation of the result
Return on contributions (dividend)694€0€0=
Timeline · acts, filings and financial milestones
2023
18-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Leuven · FRONT RUNNER VEHICLE OUTFITTERS BV SINT-TRUIDENSE- STEENWEG 35C, 3440 ZOUTLEEUW · event 12-10-2023
17-05
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · FRONT RUNNER VEHICLE OUTFITTERS BV SINT-TRUIDENSESTEENWEG 35C, 3440 ZOUT- LEEUW · event 11-05-2023
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
28-02
Financial
Weakest financial yearnet €-51k
Net result drops to €-51k, the lowest in the series.
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 151 days late
2015
07-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 7 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | KARL VANSTIPELEN STATIONSSTRAAT 108A,
3400 LANDEN |
11-05-2023 → present |
| Curator | WINNY
TIRMARCHE STATIONSSTRAAT 108, 3400 LANDEN- |
11-05-2023 → present |