HG COMPANY
InactiveHG COMPANY was declared bankrupt on 05-10-2021 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 17-01-2023, published in the Belgian State Gazette on 25-01-2023.
Summary
Inactive; last annual accounts for fiscal year 2019.
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 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 2 filingsPosition against the passed deadline
31-12-2020 close31-07-2021 deadline24-09-2026 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 19-03-2021, 231 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
231 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2019, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-3k
2018 · €2k
2018: €2k
2018 → 2019
Working capital
€-139▲ 94.4%
2018 · €-2k
2018: €-2k
2018 → 2019
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019Trend
Equity€8k-€17k▲ 120%
Operating result€2k-€-1k
Net result€2k-€-3k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2019: a loss of €1k after €2k in 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €35k
Fixed assets
€18k ▲ 68.6%
Current assets
€17k ▲ 85.2%
Equity and liabilities €35k
Equity
€17k ▲ 120%
Debt
€17k ▲ 47.1%
Debt's share of the balance-sheet total falls from 59.8% to 49.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€5k▼
2018 · €6k
Cash flow
€3k▼
2018 · €5k
Current ratio
0.99▲
2018 · 0.79
ROE
-16.5%▼
2018 · 21.8%
ROA
-8.3%▼
2018 · 8.7%
Debt ≤ 1 year
€17k▲
2018 · €12k
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 · 2019 against 2018 · 21 lines
Balance sheet
Code20182019
Assets
Total assets20/58€20k€35k▲
Fixed assets21/28€10k€18k▲
Tangible fixed assets22/27€10k€18k▲
Current assets29/58€9k€17k▲
Amounts receivable within one year40/41€4k€17k▲
Cash at bank and in hand54/58€32-
Equity and liabilities
Total equity and liabilities10/49€20k€35k▲
Equity10/15€8k€17k▲
Contributions10/11€6k€19k▲
Profit (loss) carried forward14€2k€-1k▼
Amounts payable17/49€12k€17k▲
Amounts payable within one year42/48€12k€17k▲
Trade debts44€11k€3k▼
Income statement
Code20182019
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€6k▲
Gross operating margin9900€7k€30k▲
Operating profit (loss)9901€2k€-1k▼
Recurring financial income75€0-
Recurring financial charges65€458€1k▲
Profit (loss) for the period before taxes9903€2k€-3k▼
Profit (loss) for the period9904€2k€-3k▼
Profit (loss) for the period to be appropriated9905€2k€-3k▼
Timeline · acts, filings and financial milestones
2023
25-01
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · HG COMPANY BV IMPERIASTRAAT 8, 1930 ZAVENTEM · event 17-01-2023
2021
11-10
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · HG COMPANY BV IMPERIA- STRAAT 8, 1930 ZAVENTEM · event 05-10-2021
19-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 231 days late
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 13 days late
SignalNBB filing
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
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 | WINNY TIRMARCHE A. DE COCKPLEIN 9,
1831 DIEGEM |
05-10-2021 → 17-01-2023 |