HORECA VOD
InactiveHORECA VOD was declared bankrupt on 19-09-2023 (Ondernemingsrechtbank Antwerpen, afdeling Tongeren); the bankruptcy was closed for insufficient assets by judgment of 05-11-2024, published in the Belgian State Gazette on 14-11-2024.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three 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 · 8 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline25-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 23-08-2022, 23 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
23 d late
2020
100 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Turnover
€377k▼ 12.0%
2019 · €428k
2018: €546k
2019: €428k
2018 → 2020
EBIT margin
-11.9%▲ 6.8pp
2019 · -18.7%
2018: 4.7%
2019: -18.7%
2018 → 2020
Net result
€49k▲ 1,019%
2020 · €4k
2018: €15k
2019: €-80k
2020: €4k
2018 → 2021
Working capital
€7k
2020 · €-2k
2018: €113k
2019: €15k
2020: €-2k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€546k-€428k▼ 21.6%€377k▼ 12.0%
Equity€127k-€47k▼ 63.0%€51k▲ 9.2%€100k▲ 94.3%
Operating result€26k-€-80k€-45k▲ 44.1%€41k
Net result€15k-€-80k€4k€49k▲ 1,019%
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: €41k after a loss of €45k in 2020, the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €163k
Fixed assets
€93k ▲ 72.5%
Current assets
€70k ▼ 10.5%
Equity and liabilities €163k
Equity
€100k ▲ 94.3%
Debt
€63k ▼ 21.8%
Debt's share of the balance-sheet total falls from 61.2% to 38.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€66k▲
2020 · €-32k
Cash flow
€74k▲
2020 · €17k
Current ratio
1.11▲
2020 · 0.97
Quick ratio
1.10▲
2020 · 0.82
Debt to equity
0.63
ROE
48.5%▲
2020 · 8.4%
ROA
29.7%▲
2020 · 3.3%
Interest coverage
138.96
Debt ≤ 1 year
€63k▼
2020 · €81k
Income taxes
€13k
Staff costs
€129k
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 · 2021 against 2020 · 46 lines
Balance sheet
Code20202021
Assets
Total assets20/58€132k€163k▲
Fixed assets21/28€54k€93k▲
Intangible fixed assets21-€20k
Tangible fixed assets22/27€54k€73k▲
Land and buildings22-€54k
Plant, machinery and equipment23-€14k
Furniture and vehicles24-€4k
Current assets29/58€79k€70k▼
Stocks and contracts in progress3€12k€891▼
Stocks30/36-€891
Amounts receivable within one year40/41€54k€60k▲
Other amounts receivable41-€60k
Cash at bank and in hand54/58€10k€10k▼
Equity and liabilities
Total equity and liabilities10/49€132k€163k▲
Equity10/15€51k€100k▲
Contributions10/11€6k€6k=
Capital10-€6k
Issued capital100-€19k
Uncalled capital101-€12k
Reserves13€2k€2k=
Non-distributable reserves130/1-€2k
Legal reserve130-€2k
Profit (loss) carried forward14€43k€92k▲
Amounts payable17/49€81k€63k▼
Amounts payable within one year42/48€81k€63k▼
Trade debts44€64k€62k▼
Suppliers440/4-€62k
Taxes, remuneration and social security45-€1k
Taxes450/3-€1k
Income statement
Code20202021
Turnover70€377k-
Remuneration, social security and pensions62-€129k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€25k▲
Other operating charges640/8-€1k
Gross operating margin9900€35k€197k▲
Operating profit (loss)9901€-45k€41k▲
Financial income75/76B-€21k
Recurring financial income75€1k€18k▲
Non-recurring financial income76B-€3k
Financial charges65/66B-€478
Recurring financial charges65€1k€478▼
Profit (loss) for the period before taxes9903€4k€61k▲
Income taxes67/77-€13k
Profit (loss) for the period9904€4k€49k▲
Profit (loss) for the period to be appropriated9905€4k€49k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€92k
Profit (loss) brought forward from the previous period14P-€43k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
14-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · event 05-11-2024
2023
27-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · event 19-09-2023
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
31-12
Financial
Highest result since 2018net €49k ▲1,019%
Operating result €41k, net result €49k, both a record.
08-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 100 days late
2020
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €-80k
Net result drops to €-80k, the lowest in the series.
04-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 96 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 92 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 57 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
22-12
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 144 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
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
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | CECILE NOELMANS MOERENSTRAAT 33,
3700 TONGEREN |
19-09-2023 → 05-11-2024 |
| Curator | CATHERINE
NOELMANS MOERENSTRAAT 33, 3700 TONGEREN- |
19-09-2023 → 05-11-2024 |