JUDE HESS ART ADVISORY
InactiveJUDE HESS ART ADVISORY was declared bankrupt on 24-11-2022 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy declaration was reversed by judgment of 19-01-2023, published in the Belgian State Gazette on 26-01-2023.
No longer registered with the KBO; last annual accounts for fiscal year 2020.
Signals
Four signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 2 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline22-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 27-10-2021, 88 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
88 d late
2019
118 d late
← before the deadline
after the deadline →
Financials · fiscal year 2020, micro schema
Turnover
€0
2019 · €0
2019: €0
2019 → 2020
EBIT margin
Not included in this filing
Net result
€-208k
2019 · €63k
2019: €63k
2019 → 2020
Working capital
€-241k
2019 · €12k
2019: €12k
2019 → 2020
Multi-year overview
Available amounts per fiscal year
Line20192020Trend
Turnover€0-€0
Equity€118k-€-90k
Operating result€91k-€-206k
Net result€63k-€-208k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €206k after €91k in 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €322k
Fixed assets
€150k▲ 41.1%
Current assets
€172k▼ 70.1%
Key figures and ratios
EBITDA
€-176k▼
2019 · €120k
Cash flow
€-178k▼
2019 · €92k
Solvency
-28.0%▼
2019 · 17.4%
Current ratio
0.42▼
2019 · 1.02
Quick ratio
0.33▼
2019 · 0.96
ROA
-64.7%▼
2019 · 9.3%
Debt
€412k▼
2019 · €562k
Debt ≤ 1 year
€412k▼
2019 · €562k
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 · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€680k€322k▼
Fixed assets21/28€107k€150k▲
Tangible fixed assets22/27€107k€150k▲
Current assets29/58€574k€172k▼
Stocks and contracts in progress3€35k€35k=
Amounts receivable within one year40/41€238k€29k▼
Cash at bank and in hand54/58€300k€107k▼
Equity and liabilities
Total equity and liabilities10/49€680k€322k▼
Equity10/15€118k€-90k▼
Contributions10/11€20k-
Reserves13€35k€35k=
Profit (loss) carried forward14€63k€-145k▼
Amounts payable17/49€562k€412k▼
Amounts payable within one year42/48€562k€412k▼
Trade debts44€402k€99k▼
Income statement
Code20192020
Turnover70€0€0=
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€30k▲
Gross operating margin9900€120k€-176k▼
Operating profit (loss)9901€91k€-206k▼
Recurring financial income75€9k€4k▼
Recurring financial charges65€5k€6k▲
Profit (loss) for the period before taxes9903€95k€-208k▼
Income taxes67/77€32k-
Profit (loss) for the period9904€63k€-208k▼
Profit (loss) for the period to be appropriated9905€63k€-208k▼
Timeline · acts, filings and financial milestones
2023
26-01
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · JUDE HESS ART ADVISORY BVBA BORZE- STRAAT 21, 2000 ANTWERPEN 1 · event 19-01-2023
2022
30-11
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · JUDE HESS ART ADVISORY BVBA BORZESTRAAT 21, 2000 ANTWERPEN 1 · event 24-11-2022
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 118 days late
SignalNBB filing
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 | INGE VANHOUTTE HEIDEBAAN 130 E, 9100 SINT-
NIKLAAS |
24-11-2022 → present |