GROUP 54
Open bankruptcyA bankruptcy procedure is open for GROUP 54 according to publications in the Belgian State Gazette; curator: GUY VANHOUCKE. The 2021 annual accounts show equity of €472k and a net result of €-37k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 31-08-2022, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
31 d late
2020
31 d late
2019
31 d early
← before the deadline
after the deadline →
Financials · fiscal year 2021, abbreviated schema
Equity
€472k▼ 7.4%
2020 · €509k
2018: €469k
2019: €485k
2020: €509k
2018 → 2021
Net result
€-37k
2020 · €24k
2018: €161k
2019: €17k
2020: €24k
2018 → 2021
Total assets
€4.40M▲ 9.9%
2020 · €4.00M
2018: €1.41M
2019: €2.77M
2020: €4.00M
2018 → 2021
Solvency
10.7%▼ 2.0pp
2020 · 12.7%
2018: 33.3%
2019: 17.5%
2020: 12.7%
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€469k-€485k▲ 3.6%€509k▲ 4.9%€472k▼ 7.4%
Operating result€254k-€47k▼ 81.4%€55k▲ 15.1%€-31k
Net result€161k-€17k▼ 89.6%€24k▲ 41.5%€-37k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €31k after €55k in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €4.40M
Fixed assets
€1.30M▼ 10.9%
Current assets
€3.10M▲ 21.8%
Equity and liabilities €4.40M
Equity
€472k▼ 7.4%
Debt
€3.92M▲ 12.4%
The debt ratio rises from 87.3% to 89.3%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
10.7%▼
2020 · 12.7%
ROE
-7.9%▼
2020 · 4.7%
ROA
-0.9%▼
2020 · 0.6%
Debt
€3.92M▲
2020 · €3.49M
Debt ≤ 1 year
€3.80M▲
2020 · €2.91M
Debt > 1 year
€125k▼
2020 · €580k
Staff costs
€1.20M
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€4.00M€4.40M▲
Fixed assets21/28€1.45M€1.30M▼
Intangible fixed assets21€1.37M€1.22M▼
Tangible fixed assets22/27€86k€75k▼
Land and buildings22-€526
Plant, machinery and equipment23-€3k
Furniture and vehicles24-€5k
Other tangible fixed assets26-€66k
Financial fixed assets28€775€775=
Current assets29/58€2.54M€3.10M▲
Stocks and contracts in progress3€643k€1.12M▲
Stocks30/36-€1.12M
Amounts receivable within one year40/41€1.87M€1.77M▼
Trade receivables40-€1.74M
Other amounts receivable41-€33k
Current investments50/53-€26k
Cash at bank and in hand54/58€28k€131k▲
Deferred charges and accrued income490/1-€50k
Equity and liabilities
Total equity and liabilities10/49€4.00M€4.40M▲
Equity10/15€509k€472k▼
Contributions10/11-€25k
Reserves13€111k€111k=
Non-distributable reserves130/1-€3k
Reserves not available under the articles1311-€3k
Tax-exempt reserves132-€109k
Profit (loss) carried forward14€373k€336k▼
Amounts payable17/49€3.49M€3.92M▲
Amounts payable after more than one year17€580k€125k▼
Financial debts170/4-€125k
Amounts payable within one year42/48€2.91M€3.80M▲
Current portion of amounts payable after more than one year42-€85k
Financial debts43-€1.66M
Credit institutions430/8-€1.66M
Trade debts44€860k€459k▼
Suppliers440/4-€459k
Advances received on contracts in progress46-€644k
Taxes, remuneration and social security45-€777k
Taxes450/3-€448k
Remuneration and social security454/9-€328k
Other amounts payable47/48-€169k
Income statement
Code20202021
Remuneration, social security and pensions62-€1.20M
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€161k€160k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€72k
Other operating charges640/8-€11k
Non-recurring operating charges66A-€3k
Gross operating margin9900€702k€1.42M▲
Operating profit (loss)9901€55k€-31k▼
Financial income75/76B-€51k
Recurring financial income75€3k€51k▲
Financial charges65/66B-€57k
Recurring financial charges65€34k€57k▲
Profit (loss) for the period before taxes9903€24k€-37k▼
Profit (loss) for the period9904€24k€-37k▼
Profit (loss) for the period to be appropriated9905€24k€-37k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€336k
Profit (loss) brought forward from the previous period14P-€373k
Social balance
Average headcount (FTE)9087-21.3
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
04-07
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · GROUP 54 BVBA VRIJHANDEL- STRAAT 56, 2170 MERKSEM (ANTWERPEN) · event 27-06-2023
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-37k ▼258%
Net result drops to €-37k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Equity above €500kEq €509k ▲4.9%
3 profitable years in a row build equity to €509k.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
21-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 52 days late
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
25-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
11-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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
Registered office, Antwerpen · 1 establishment unit since 2005
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.
Vrijhandelstraat 562170 AntwerpenGround area
1,063 m²
Building footprint
346 m²
Volume, LiDAR
2,911 m³
Parcel 11422C0282/00N045, Flanders · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GROUP 54
since 20052.146.651.867
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11422C0282/00N045 | Flanders | 1,063 m² | 1 · 345 m² | 11.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GUY VANHOUCKE ANSELMOSTRAAT 2,
2018 ANTWERPEN 1 |
27-06-2023 → present |
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 2,663 EUR awarded · 2,663 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,663 EUR | 2,663 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Dual-learning approval
2 live approvals · 3 endedPolyvalent administratief ondersteuner (vwo)
Polyvalent administratief ondersteuner duaal (so)
Legal Entity Identifier
699400VDQK5NV7ZGOF02
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,762. 13,650 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded01-04-2005
Fiscal year end31-12
Abbreviation NL
G54
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
47400Retail sale of information and communication equipment
47410Retail trade
52487
66300Activities auxiliary to financial services and insurance activities
96022Beauty treatment
96220Beauty care and other beauty treatments
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.