JOINING HANDS

Inactive

KBO/BCE: BE 0502.585.308

JOINING HANDS was declared bankrupt on 17-01-2023 (Ondernemingsrechtbank Antwerpen, afdeling Turnhout); the bankruptcy was closed for insufficient assets by judgment of 27-02-2024, published in the Belgian State Gazette on 13-03-2024.

Summary

Inactive; last annual accounts for fiscal year 2017.

Watch Print / PDF

Signals

Three signals. The signal on the left, the evidence on the right.

○neutral

Prior bankruptcy

Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.

Belgian State Gazette

No filing for years

The last filed financial year closed on 31-12-2017. Since then, 8 financial years are missing. This points to a standstill, not an imminent failure.

NBB · 4 filings

Position against the passed deadline

31-12-2018 close31-07-2019 deadline24-09-2026 today

Latest accounts filed on time

The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 26-07-2018, 5 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

not filed

2021

not filed

2020

not filed

2019

not filed

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2017, micro schema

Equity

€-37k▼ 377%

2016 · €-8k

2014: €6k 2015: €8k 2016: €-8k

2014 → 2017

Total assets

€11k▼ 70.4%

2016 · €38k

2014: €30k 2015: €40k 2016: €38k

2014 → 2017

Net result

€-29k▼ 85.0%

2016 · €-16k

2014: €88 2015: €-11k 2016: €-16k

2014 → 2017

Working capital

€-45k▼ 160%

2016 · €-17k

2014: €-9k 2015: €-3k 2016: €-17k

2014 → 2017

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2014201520162017Trend

Equity€6k-€8k▲ 28.9%€-8k€-37k▼ 377%

Operating result€-6k-€-10k▼ 74.1%€-15k▼ 53.9%€-28k▼ 90.5%

Net result€88-€-11k€-16k▼ 50.5%€-29k▼ 85.0%

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €28k in 2017 against €15k in 2016; the loss grows and 2017 has the lowest result in the available series.

Balance-sheet composition

2017 in colour, 2016 as the grey bar beneath

Assets €11k

72.1%

27.9%

Fixed assets €8k ▼ 15.9%

Current assets €3k ▼ 88.9%

Key figures and ratios

2017 value · change against 2016

EBITDA

€-27k▼

2016 · €-13k

Cash flow

€-28k▼

2016 · €-14k

Solvency

-329.9%▼

2016 · -20.5%

Current ratio

0.06▼

2016 · 0.62

ROA

-260.8%▼

2016 · -41.8%

Debt

€49k▲

2016 · €46k

Debt ≤ 1 year

€49k▲

2016 · €46k

Income taxes

€260

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 · 2017 against 2016 · 24 lines

Balance sheet Code20162017

Assets

Total assets20/58€38k€11k▼

Fixed assets21/28€10k€8k▼

Tangible fixed assets22/27€10k€8k▼

Financial fixed assets28€150€150=

Current assets29/58€28k€3k▼

Amounts receivable within one year40/41€1k€152▼

Cash at bank and in hand54/58€954€2k▲

Equity and liabilities

Total equity and liabilities10/49€38k€11k▼

Equity10/15€-8k€-37k▼

Contributions10/11€19k€19k=

Reserves13€88€88=

Profit (loss) carried forward14€-26k€-56k▼

Amounts payable17/49€46k€49k▲

Amounts payable within one year42/48€46k€49k▲

Trade debts44€1k€2k▲

Income statement Code20162017

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=

Gross operating margin9900€-12k€-26k▼

Operating profit (loss)9901€-15k€-28k▼

Recurring financial income75€1€3▲

Recurring financial charges65€983€744▼

Profit (loss) for the period before taxes9903€-16k€-29k▼

Income taxes67/77-€260

Profit (loss) for the period9904€-16k€-29k▼

Profit (loss) for the period to be appropriated9905€-16k€-29k▼

Download as CSV

Timeline · acts, filings and financial milestones

All 7Signals 2Financial 1Filings 4

2024

13-03

Bankruptcy Bankruptcy closure (insufficient assets)

Ondernemingsrechtbank Antwerpen, afdeling Turnhout · JOINING HANDS BV TORTELDREEF 13, 2360 OUD-TURNHOUT · event 27-02-2024

2023

30-01

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Turnhout · JOINING HANDS BV TORTEL- DREEF 13, 2360 OUD-TURNHOUT · event 17-01-2023

2018

26-07

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

31-12

Financial Weakest financial yearnet €-29k

Net result drops to €-29k, the lowest in the series.

31-08

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 31 days late

2016

18-07

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

2015

16-07

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.

0 of 3 acts read

About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

3 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	AN NOTELTEIRS VIERSELSE BAAN 14 A/101, 2280 GROBBENDONK ↔ Also on 31 other cases	17-01-2023 → 27-02-2024