K & W
InactiveK & W was declared bankrupt on 26-09-2022 (Ondernemingsrechtbank Gent, afdeling Brugge); the bankruptcy was closed for insufficient assets by judgment of 18-03-2024, published in the Belgian State Gazette on 25-03-2024.
Summary
Inactive; last annual accounts for fiscal year 2016.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2016. Since then, 9 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2017 close31-07-2018 deadline29-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2016 was due by 31-07-2017 and was filed on 14-09-2017, 45 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 · 10 filingsDeviation 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 →
tick = median of all Belgian filings
The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2016, micro schema
Equity
€4,877
2015 · -€2,644
Total assets
€26,494▲ 11,060%
2015 · €237
Net result
€7,522
2015 · -€36,525
Working capital
€4,877
2015 · -€2,644
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20122013201420152016
Operating result€12,008--€3,391-€3,420▼ 0.9%-€1,566▲ 54.2%€7,522
Net result€11,735--€683-€4,176▼ 511%-€36,525▼ 775%€7,522
Equity€38,740-€38,057▼ 1.8%€33,881▼ 11.0%-€2,644€4,877
Total assets€63,021-€51,262▼ 18.7%€39,271▼ 23.4%€237▼ 99.4%€26,494▲ 11,060%
Debt€24,281-€13,205▼ 45.6%€5,390▼ 59.2%€2,882▼ 46.5%€21,617▲ 650%
Working capital€48,038-€43,368▼ 9.7%€34,918▼ 19.5%-€2,644€4,877
Staff (FTE)0.7-
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 returns to profit in 2016: €7,522 after a loss of €1,566 in 2015.
Balance-sheet composition
Equity and liabilities €26,494
Equity
€4,877
Debt
€21,617
Debt finances 81.6% of the balance-sheet total.
Key figures and ratios
Current ratio
1.23
ROE
154.2%
ROA
28.4%
Debt ≤ 1 year
€21,617▲
2015 · €2,882
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Gross operating margin9900 | €43,977 | -€3,329 | -€2,842 | -€1,129 | €7,522 | ▲ 766% |
| Operating profit (loss)9901 | €12,008 | -€3,391 | -€3,420 | -€1,566 | €7,522 | ▲ 580% |
| Recurring financial income75 | €1,611 | €3,813 | €3 | - | - | - |
| Recurring financial charges65 | €3,111 | €1,105 | €758 | €155 | - | - |
| Profit (loss) for the period before taxes9903 | €20,288 | -€683 | -€4,175 | -€36,525 | €7,522 | ▲ 121% |
| Income taxes67/77 | €8,553 | - | €1 | - | - | - |
| Profit (loss) for the period9904 | €11,735 | -€683 | -€4,176 | -€36,525 | €7,522 | ▲ 121% |
| Profit (loss) for the period to be appropriated9905 | €11,735 | -€683 | -€4,176 | -€36,525 | €3,761 | ▲ 110% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €63,021 | €51,262 | €39,271 | €237 | €26,494 | ▲ 11,060% |
| Fixed assets21/28 | €79 | €79 | €79 | - | - | - |
| Financial fixed assets28 | €79 | €79 | €79 | - | - | - |
| Current assets29/58 | €62,943 | €51,183 | €39,192 | €237 | €26,494 | ▲ 11,060% |
| Amounts receivable within one year40/41 | €49,743 | €49,362 | €38,365 | - | €26,257 | - |
| Cash at bank and in hand54/58 | €13,199 | €1,821 | €827 | €237 | €237 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €63,021 | €51,262 | €39,271 | €237 | €26,494 | ▲ 11,060% |
| Equity10/15 | €38,740 | €38,057 | €33,881 | -€2,644 | €4,877 | ▲ 284% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €11,860 | €11,860 | €11,860 | €11,860 | €15,621 | ▲ 31.7% |
| Profit (loss) carried forward14 | €8,280 | €7,597 | €3,421 | -€33,104 | -€29,344 | ▲ 11.4% |
| Amounts payable17/49 | €24,281 | €13,205 | €5,390 | €2,882 | €21,617 | ▲ 650% |
| Amounts payable after more than one year17 | €9,376 | €5,390 | €1,116 | - | - | - |
| Amounts payable within one year42/48 | €14,905 | €7,815 | €4,274 | €2,882 | €21,617 | ▲ 650% |
| Trade debts44 | €50 | - | - | - | - | - |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,735 | -€683 | -€4,176 | -€36,525 | €7,522 | ▲ 121% |
| Operating cash flow (approximation) | €11,735 | -€683 | -€4,176 | -€36,525 | €7,522 | ▲ 121% |
| Investment in fixed assets (approximation) | - | -€0 | €0 | - | - | - |
| Change in cash | - | -€11,378 | -€994 | -€589 | €0 | ▲ 100% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
25-03
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Brugge · event 18-03-2024
2022
03-10
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Brugge · event 26-09-2022
2017
14-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 45 days late
2016
31-12
Financial
Back to profitnet €7,522
Net result €7,522 after 3 loss-making years.
31-12
Financial
Liquidity times 15current ratio 1.23
Current ratio from 0.08 to 1.23.
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
31-12
Financial
Weakest financial yearnet -€36,525
Net result drops to -€36,525, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 27 days late
2014
02-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
26-09
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 57 days late
2012
27-09
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 58 days late
2011
13-09
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 44 days late
Show earlier events
2010
29-06
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema
2009
14-09
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema · 45 days late
2008
29-09
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema · 60 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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 | TOON MOERMAN KOMVEST 29, 8000 BRUGGE- |
26-09-2022 → 18-03-2024 |