HOLE19
InactiveHOLE19 was declared bankrupt on 20-12-2022 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 08-10-2024, published in the Belgian State Gazette on 17-10-2024.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four 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 31-12-2022, 4 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 · 2 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline21-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 13-07-2022, 18 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
18 d early
2020
30 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Equity
€12k
2020 · €-5k
2020: €-5k
2020 → 2021
Total assets
€92k▲ 154%
2020 · €36k
2020: €36k
2020 → 2021
Net result
€17k
2020 · €-8k
2020: €-8k
2020 → 2021
Working capital
€-13k▲ 60.2%
2020 · €-32k
2020: €-32k
2020 → 2021
Multi-year overview
Available amounts per fiscal year
Line20202021Trend
Equity€-5k-€12k
Operating result€-8k-€22k
Net result€-8k-€17k
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 2021: €22k after a loss of €8k in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €92k
Fixed assets
€27k▼ 4.3%
Current assets
€65k▲ 683%
Equity and liabilities €92k
Equity
€12k
Debt
€80k
Debt finances 86.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€27k▲
2020 · €-2k
Cash flow
€22k▲
2020 · €-2k
Solvency
13.1%▲
2020 · -13.7%
Current ratio
0.84▲
2020 · 0.20
Quick ratio
0.55▲
2020 · 0.17
Debt / equity
6.63
ROE
141.2%
ROA
18.5%▲
2020 · -22.0%
Interest coverage
5.05
Debt
€80k▲
2020 · €41k
Debt ≤ 1 year
€78k▲
2020 · €41k
Staff costs
€46k
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€36k€92k▲
Fixed assets21/28€28k€27k▼
Intangible fixed assets21€25k€22k▼
Tangible fixed assets22/27€3k€5k▲
Plant, machinery and equipment23-€3k
Furniture and vehicles24-€2k
Current assets29/58€8k€65k▲
Stocks and contracts in progress3€1k€22k▲
Stocks30/36-€22k
Amounts receivable within one year40/41€4k€25k▲
Trade receivables40-€18k
Other amounts receivable41-€7k
Cash at bank and in hand54/58€3k€17k▲
Deferred charges and accrued income490/1-€841
Equity and liabilities
Total equity and liabilities10/49€36k€92k▲
Equity10/15€-5k€12k▲
Contributions10/11-€3k
Outside capital11-€3k
Other1109/19-€3k
Profit (loss) carried forward14€-8k€9k▲
Amounts payable17/49€41k€80k▲
Amounts payable within one year42/48€41k€78k▲
Current portion of amounts payable after more than one year42-€25k
Trade debts44€6k€47k▲
Suppliers440/4-€47k
Advances received on contracts in progress46-€2k
Taxes, remuneration and social security45-€3k
Remuneration and social security454/9-€3k
Accrued charges and deferred income492/3-€2k
Income statement
Code20202021
Remuneration, social security and pensions62-€46k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€5k▼
Other operating charges640/8-€275
Gross operating margin9900€52k€73k▲
Operating profit (loss)9901€-8k€22k▲
Financial income75/76B-€0
Recurring financial income75€1€0▼
Financial charges65/66B-€5k
Recurring financial charges65€29€5k▲
Profit (loss) for the period before taxes9903€-8k€17k▲
Profit (loss) for the period9904€-8k€17k▲
Profit (loss) for the period to be appropriated9905€-8k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€9k
Profit (loss) brought forward from the previous period14P-€-8k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
17-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · HOLE19 BV J. BOGEMANSSTRAAT 98, 1780 WEMMEL · event 08-10-2024
2022
28-12
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · HOLE19 BV J. BOGEMANS- STRAAT 98, 1780 WEMMEL · event 20-12-2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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 | JENS VREBOS EZELSTRAAT 25, 8000 BRUGGE- |
20-12-2022 → present |