GOING CONCERN CONSULT
InactiveSignals
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 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2020 close31-07-2021 deadline01-10-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 18-03-2022, 595 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2021
not filed
2020
not filed
2019
595 d late
2018
61 d late
2017
31 d late
2016
24 d late
2015
25 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 147 days after the deadline; the Belgian median for financial year 2021 is 3 days before the deadline, and 44% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2019, micro schema
Equity
€85,165▲ 20.3%
2018 · €70,800
Total assets
€110,704▲ 18.8%
2018 · €93,168
Net result
€22,365▼ 4.4%
2018 · €23,396
Working capital
€80,185▲ 24.7%
2018 · €64,294
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019
Operating result€28,073-€26,400▼ 6.0%
Net result€23,396-€22,365▼ 4.4%
Equity€70,800-€85,165▲ 20.3%
Total assets€93,168-€110,704▲ 18.8%
Debt€22,368-€25,539▲ 14.2%
Working capital€64,294-€80,185▲ 24.7%
Staff (FTE)0.1-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2019; 2019 is 6% below 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €110,704
Fixed assets
€4,980 ▼ 23.4%
Current assets
€105,723 ▲ 22.0%
Equity and liabilities €110,704
Equity
€85,165 ▲ 20.3%
Debt
€25,539 ▲ 14.2%
Debt's share of the balance-sheet total falls from 24.0% to 23.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€27,925▼
2018 · €29,818
Cash flow
€23,891▼
2018 · €25,141
Current ratio
4.14▲
2018 · 3.87
Quick ratio
4.12▲
2018 · 3.85
ROE
26.3%▼
2018 · 33.0%
ROA
20.2%▼
2018 · 25.1%
Debt ≤ 1 year
€25,539▲
2018 · €22,368
Income taxes
€6,018▼
2018 · €6,638
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,746 | €1,525 | ▼ 12.6% |
| Gross operating margin9900 | €34,608 | €28,615 | ▼ 17.3% |
| Operating profit (loss)9901 | €28,073 | €26,400 | ▼ 6.0% |
| Recurring financial income75 | €3,419 | €4,164 | ▲ 21.8% |
| Recurring financial charges65 | €1,458 | €2,180 | ▲ 49.5% |
| Profit (loss) for the period before taxes9903 | €30,033 | €28,383 | ▼ 5.5% |
| Income taxes67/77 | €6,638 | €6,018 | ▼ 9.3% |
| Profit (loss) for the period9904 | €23,396 | €22,365 | ▼ 4.4% |
| Profit (loss) for the period to be appropriated9905 | €23,396 | €22,365 | ▼ 4.4% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €93,168 | €110,704 | ▲ 18.8% |
| Fixed assets21/28 | €6,506 | €4,980 | ▼ 23.4% |
| Tangible fixed assets22/27 | €4,866 | €3,340 | ▼ 31.4% |
| Financial fixed assets28 | €1,640 | €1,640 | = |
| Current assets29/58 | €86,662 | €105,723 | ▲ 22.0% |
| Stocks and contracts in progress3 | €551 | €551 | = |
| Amounts receivable within one year40/41 | €63,651 | €91,009 | ▲ 43.0% |
| Cash at bank and in hand54/58 | €22,437 | €14,122 | ▼ 37.1% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €93,168 | €110,704 | ▲ 18.8% |
| Equity10/15 | €70,800 | €85,165 | ▲ 20.3% |
| Contributions10/11 | €30,000 | €30,000 | = |
| Reserves13 | €40,800 | €55,165 | ▲ 35.2% |
| Amounts payable17/49 | €22,368 | €25,539 | ▲ 14.2% |
| Amounts payable within one year42/48 | €22,368 | €25,539 | ▲ 14.2% |
| Trade debts44 | €2,615 | €2,956 | ▲ 13.0% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €23,396 | €22,365 | ▼ 4.4% |
| + Depreciation and write-downs630 | €1,746 | €1,525 | ▼ 12.6% |
| Operating cash flow (approximation) | €25,141 | €23,891 | ▼ 5.0% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€8,315 | - |
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
2023
11-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Leuven · event 28-09-2023
26-04
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · event 20-04-2023
2022
18-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 595 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 25 days late
2015
30-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
19-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
25-06
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
17-08
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 17 days late
2011
29-06
NBB filing
Annual accounts filed
fiscal year 2010 · 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | VIVIANE MISSOUL Koning Albertlaan 186, 3010 Kessel-Lo |
20-04-2023 → 28-09-2023 |
| Curator | TOM VAN DER
LINDEN Koning Albertlaan 186, 3010 Kessel-Lo |
20-04-2023 → 28-09-2023 |