KABAEL
Open bankruptcyA bankruptcy procedure is open for KABAEL according to publications in the Belgian State Gazette; curator: TOM VANDECRUYS.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○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 · 3 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 29-07-2021, 2 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
2 d early
2019
80 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Turnover
€66k▼ 30.4%
2019 · €95k
2018: €74k
2019: €95k▲ +27.5% vs 2018highest in 3 years
2020: €66k▼ -30.4% vs 2019lowest in 3 years
2018 → 2020
EBIT margin
-59.7%▲ 25.9pp
2019 · -85.6%
2018: -57.5%highest in 3 years
2019: -85.6%▼ -48.8% vs 2018lowest in 3 years
2020: -59.7%▲ +30.2% vs 2019
2018 → 2020
Net result
€-40k▲ 51.3%
2019 · €-82k
2018: €-43k
2019: €-82k▼ -90.1% vs 2018lowest in 3 years
2020: €-40k▲ +51.3% vs 2019highest in 3 years
2018 → 2020
Working capital
€-152k▼ 33.8%
2019 · €-114k
2018: €-34khighest in 3 years
2019: €-114k▼ -240% vs 2018
2020: €-152k▼ -33.8% vs 2019lowest in 3 years
2018 → 2020
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Turnover€74k-€95k▲ 27.5%€66k▼ 30.4%
2018: €74k
2019: €95k▲ +27.5% vs 2018highest in 3 years
2020: €66k▼ -30.4% vs 2019lowest in 3 years
Equity€-31k-€-112k▼ 267%€-152k▼ 35.4%
2018: €-31khighest in 3 years
2019: €-112k▼ -267% vs 2018
2020: €-152k▼ -35.4% vs 2019lowest in 3 years
Operating result€-43k-€-81k▼ 89.7%€-39k▲ 51.4%
2018: €-43k
2019: €-81k▼ -89.7% vs 2018lowest in 3 years
2020: €-39k▲ +51.4% vs 2019highest in 3 years
Net result€-43k-€-82k▼ 90.1%€-40k▲ 51.3%
2018: €-43k
2019: €-82k▼ -90.1% vs 2018lowest in 3 years
2020: €-40k▲ +51.3% vs 2019highest in 3 years
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 €39k in 2020 against €81k in 2019; the loss shrinks.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €1k
Fixed assets
€650 ▼ 63.6%
Current assets
€719 ▼ 80.0%
Key figures and ratios
EBITDA
€-38k▲
2019 · €-80k
Cash flow
€-39k▲
2019 · €-80k
Debt
€153k▲
2019 · €117k
Debt ≤ 1 year
€153k▲
2019 · €117k
Ratios withheld: a balance sheet total of €1k is too small for a meaningful ratio.
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 · 2020 against 2019 · 20 lines
Balance sheet
Code20192020
Assets
Total assets20/58€5k€1k▼
Fixed assets21/28€2k€650▼
Tangible fixed assets22/27€2k€650▼
Current assets29/58€4k€719▼
Cash at bank and in hand54/58€4k€719▼
Equity and liabilities
Total equity and liabilities10/49€5k€1k▼
Equity10/15€-112k€-152k▼
Contributions10/11€12k€12k=
Profit (loss) carried forward14€-124k€-164k▼
Amounts payable17/49€117k€153k▲
Amounts payable within one year42/48€117k€153k▲
Trade debts44€21k€19k▼
Income statement
Code20192020
Turnover70€95k€66k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k=
Gross operating margin9900€34k€39k▲
Operating profit (loss)9901€-81k€-39k▲
Recurring financial charges65€254€227▼
Profit (loss) for the period before taxes9903€-82k€-40k▲
Profit (loss) for the period9904€-82k€-40k▲
Profit (loss) for the period to be appropriated9905€-82k€-40k▲
Accounts by statement
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Turnover70 | €74k | €95k | €66k | ▼ 30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €488 | €1k | €1k | = |
| Gross operating margin9900 | €8k | €34k | €39k | ▲ 13.1% |
| Operating profit (loss)9901 | €-43k | €-81k | €-39k | ▲ 51.4% |
| Recurring financial charges65 | €47 | €254 | €227 | ▼ 10.6% |
| Profit (loss) for the period before taxes9903 | €-43k | €-82k | €-40k | ▲ 51.3% |
| Profit (loss) for the period9904 | €-43k | €-82k | €-40k | ▲ 51.3% |
| Profit (loss) for the period to be appropriated9905 | €-43k | €-82k | €-40k | ▲ 51.3% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €4k | €5k | €1k | ▼ 74.6% |
| Fixed assets21/28 | €3k | €2k | €650 | ▼ 63.6% |
| Tangible fixed assets22/27 | €3k | €2k | €650 | ▼ 63.6% |
| Current assets29/58 | €589 | €4k | €719 | ▼ 80.0% |
| Cash at bank and in hand54/58 | €589 | €4k | €719 | ▼ 80.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €4k | €5k | €1k | ▼ 74.6% |
| Equity10/15 | €-31k | €-112k | €-152k | ▼ 35.4% |
| Contributions10/11 | €12k | €12k | €12k | = |
| Profit (loss) carried forward14 | €-43k | €-124k | €-164k | ▼ 31.9% |
| Amounts payable17/49 | €34k | €117k | €153k | ▲ 30.4% |
| Amounts payable within one year42/48 | €34k | €117k | €153k | ▲ 30.4% |
| Trade debts44 | €9k | €21k | €19k | ▼ 11.5% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-43k | €-82k | €-40k | ▲ 51.3% |
| + Depreciation and write-downs630 | €488 | €1k | €1k | = |
| Operating cash flow (approximation) | €-42k | €-80k | €-39k | ▲ 52.0% |
| Investment in fixed assets (approximation) | - | €1 | €0 | ▼ 100% |
| Change in cash | - | €3k | €-3k | ▼ 196% |
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
2022
14-03
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 08-03-2022
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
19-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 80 days late
2019
31-12
Financial
Weakest financial yearnet €-82k
Net result drops to €-82k, the lowest in the series.
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 12 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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 | TOM VANDECRUYS ROZENDAAL 78, 2440 GEEL- |
08-03-2022 → present |