J & M RENOVATORS
InactiveJ & M RENOVATORS was declared bankrupt on 09-08-2022 (Ondernemingsrechtbank Brussel); the bankruptcy was closed by liquidation by judgment of 26-11-2024, published in the Belgian State Gazette on 02-12-2024.
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 30-06-2022, 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
30-06-2022 close31-01-2023 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-06-2021 was due by 31-01-2022 and was filed on 02-02-2022, 2 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 filed
2024
not filed
2023
not filed
2022
not filed
2021
2 d late
2020
2 d late
2019
14 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, abbreviated schema
Equity
€79k▲ 3.5%
2020 · €77k
2019: €73k
2020: €77k
2019 → 2021
Total assets
€146k▲ 31.3%
2020 · €111k
2019: €90k
2020: €111k
2019 → 2021
Net result
€3k▼ 31.8%
2020 · €4k
2019: €4k
2020: €4k
2019 → 2021
Working capital
€109k▲ 2.6%
2020 · €106k
2019: €78k
2020: €106k
2019 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202021Trend
Equity€73k-€77k▲ 5.5%€79k▲ 3.5%
Operating result€4k-€4k▼ 19.4%€6k▲ 67.0%
Net result€4k-€4k▲ 7.1%€3k▼ 31.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2021; 2021 is 67% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €146k
Fixed assets
€21k ▲ 836%
Current assets
€125k ▲ 14.6%
Equity and liabilities €146k
Equity
€79k ▲ 3.5%
Debt
€67k ▲ 93.2%
The debt ratio rises from 31.0% to 45.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€10k▲
2020 · €9k
Cash flow
€7k▼
2020 · €9k
Current ratio
7.88▼
2020 · 39.99
Debt / equity
0.22▲
2020 · 0.09
ROE
3.4%▼
2020 · 5.2%
ROA
1.9%▼
2020 · 3.6%
Debt ≤ 1 year
€16k▲
2020 · €3k
Debt > 1 year
€17k▲
2020 · €7k
Income taxes
€2k▲
2020 · €1k
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 · 24 lines
Balance sheet
Code20202021
Assets
Total assets20/58€111k€146k▲
Fixed assets21/28€2k€21k▲
Tangible fixed assets22/27€2k€21k▲
Current assets29/58€109k€125k▲
Amounts receivable within one year40/41€98k€119k▲
Cash at bank and in hand54/58€11k€4k▼
Equity and liabilities
Total equity and liabilities10/49€111k€146k▲
Equity10/15€77k€79k▲
Contributions10/11€19k-
Reserves13€2k€2k=
Profit (loss) carried forward14€56k€59k▲
Amounts payable17/49€34k€67k▲
Amounts payable after more than one year17€7k€17k▲
Amounts payable within one year42/48€3k€16k▲
Trade debts44€1k€11k▲
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€4k▼
Gross operating margin9900€9k€13k▲
Operating profit (loss)9901€4k€6k▲
Recurring financial income75€3k-
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€5k€4k▼
Income taxes67/77€1k€2k▲
Profit (loss) for the period9904€4k€3k▼
Profit (loss) for the period to be appropriated9905€4k€3k▼
Timeline · acts, filings and financial milestones
2024
02-12
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Brussel · J & M RENOVATORS BV JOZEF SLUYSSTRAAT 3, 1602. SINT-PIETERS-LEEUW · event 26-11-2024
2022
24-08
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · J & M RENOVATORS BV JOZEF SLUYSSTRAAT 3, 1602. SINT-PIETERS-LEEUW · event 09-08-2022
02-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 2 days late
2021
30-06
Financial
Weakest financial yearnet €3k ▼31.8%
Net result drops to €3k, the lowest in the series.
02-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 2 days late
2020
30-06
Financial
Highest result since 2019net €4k ▲7.1%
Net result €4k, the highest in the series.
30-06
Financial
Liquidity triplescurrent ratio 39.99
Current ratio from 13.44 to 39.99; short-term debt falls from €6k to €3k.
14-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 14 days late
2019
01-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 1 day late
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
08-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 8 days late
2016
25-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 268 days late
2015
16-01
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
6 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 | GREGORY BRUNEEL ZELLIKSESTEENWEG 12,
1082 SINT-AGATHA-BERCHEM |
09-08-2022 → present |