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JU-STE

Inactive
KBO/BCE: BE 0769.707.074

JU-STE was declared bankrupt on 31-10-2023 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed for insufficient assets by judgment of 15-10-2024, published in the Belgian State Gazette on 22-10-2024.

Summary

Inactive; last annual accounts for fiscal year 2022.

Signals

Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Belgian State Gazette
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 05-09-2023, 36 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 · 1 filing
Deviation from the deadline
2022
36 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its 2022 accounts 36 days after the deadline; the Belgian median for financial year 2022 is 3 days before the deadline, and 42% of all filings were late.

Checked, nothing found (1)
neutral · 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

History

JU-STE has filed annual accounts once, for fiscal year 2022.1 On 31 October 2023 the company was declared bankrupt; the bankruptcy was closed on 15 October 2024.23

  1. 1National Bank, annual accounts 2022
  2. 2Belgian State Gazette, 09-11-2023
  3. 3Belgian State Gazette, 22-10-2024

Financials · fiscal year 2022, micro schema

Equity
-€87,703
Total assets
€28,956
Net result
-€147,703
Working capital
-€15,399

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

Balance-sheet composition
Assets €28,956
Fixed assets €13,299
Current assets €15,657
Key figures and ratios
2022 value
EBITDA
-€145,213
Cash flow
-€145,602
Solvency
-302.9%
Current ratio
0.50
Debt to equity
-1.33
ROA
-510.1%
Interest coverage
-373.42
Debt
€116,658
Debt ≤ 1 year
€31,056
Debt > 1 year
€85,602
Annual accounts
Filed annual accounts As filed with the NBB · 2022 · 33 lines
Balance sheet Code2022
Assets
Total assets20/58€28,956
Fixed assets21/28€13,299
Tangible fixed assets22/27€13,299
Plant, machinery and equipment23€3,970
Furniture and vehicles24€9,329
Current assets29/58€15,657
Amounts receivable within one year40/41€7,751
Trade receivables40€499
Other amounts receivable41€7,253
Cash at bank and in hand54/58€7,906
Equity and liabilities
Total equity and liabilities10/49€28,956
Equity10/15-€87,703
Contributions10/11€60,000
Profit (loss) carried forward14-€147,703
Amounts payable17/49€116,658
Amounts payable after more than one year17€85,602
Financial debts170/4€85,602
Amounts payable within one year42/48€31,056
Current portion of amounts payable after more than one year42€13,249
Trade debts44€14,868
Suppliers440/4€14,868
Other amounts payable47/48€2,939
Income statement Code2022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,101
Other operating charges640/8€1,263
Non-recurring operating charges66A€1,808
Gross operating margin9900-€142,142
Operating profit (loss)9901-€147,314
Financial charges65/66B€389
Recurring financial charges65€389
Profit (loss) for the period before taxes9903-€147,703
Profit (loss) for the period9904-€147,703
Profit (loss) for the period to be appropriated9905-€147,703
Appropriation of the result
Profit (loss) to be appropriated9906-€147,703

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,101
Other operating charges640/8€1,263
Non-recurring operating charges66A€1,808
Gross operating margin9900-€142,142
Operating profit (loss)9901-€147,314
Financial charges65/66B€389
Recurring financial charges65€389
Profit (loss) for the period before taxes9903-€147,703
Profit (loss) for the period9904-€147,703
Profit (loss) for the period to be appropriated9905-€147,703
Line2022
Assets
Total assets20/58€28,956
Fixed assets21/28€13,299
Tangible fixed assets22/27€13,299
Plant, machinery and equipment23€3,970
Furniture and vehicles24€9,329
Current assets29/58€15,657
Amounts receivable within one year40/41€7,751
Trade receivables40€499
Other amounts receivable41€7,253
Cash at bank and in hand54/58€7,906
Equity and liabilities
Total equity and liabilities10/49€28,956
Equity10/15-€87,703
Contributions10/11€60,000
Profit (loss) carried forward14-€147,703
Amounts payable17/49€116,658
Amounts payable after more than one year17€85,602
Financial debts170/4€85,602
Amounts payable within one year42/48€31,056
Current portion of amounts payable after more than one year42€13,249
Trade debts44€14,868
Suppliers440/4€14,868
Other amounts payable47/48€2,939
Line2022
Profit (loss) for the period9904-€147,703
+ Depreciation and write-downs630€2,101
Operating cash flow (approximation)-€145,602

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2024
22-10
Bankruptcy Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Gent · event 15-10-2024
2023
09-11
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 31-10-2023
05-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 36 days late
SignalNBB filing
0 of 2 acts read
About the unread acts

We know of 2 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
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

Insolvency mandates

1 mandate
Role Name Tenure
Curator OLIVIER DE PAEPE
ZEISTRAAT 1A 002, 9850 NEVELE-
31-10-2023 → 15-10-2024

Public money · subsidies and aid

Flemish government

2022 · 2 entries · 4,500 EUR awarded · 4,500 EUR paid
Year Entries awardedpaid
2022 2 4,500 EUR4,500 EUR
Schemes
1 entry · 4,500 EUR paid · Vlaams Agentschap voor Internationaal Ondernemen