KAFO
InactiveKAFO was declared bankrupt on 03-04-2023 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed by liquidation by judgment of 28-06-2024, published in the Belgian State Gazette on 10-07-2024.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline21-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 30-08-2022, 30 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
30 d late
2020
61 d late
2019
144 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Turnover
€6k
EBIT margin
-126.5%
Net result
€17k▲ 1,045%
2020 · €1k
2018: €-8k
2019: €-20k
2020: €1k
2018 → 2021
Working capital
€-42k▲ 8.1%
2020 · €-45k
2018: €-16k
2019: €-54k
2020: €-45k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€6k-
Equity€-2k-€-22k▼ 1,173%€-21k▲ 6.6%€-4k▲ 80.5%
Operating result€-8k-€-20k▼ 147%€2k€17k▲ 973%
Net result€-8k-€-20k▼ 148%€1k€17k▲ 1,045%
Result per fiscal year
Operating resultNet result
After the dip in 2019 the operating result has climbed two years in a row; 2021 is 973% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €56k
Fixed assets
€38k▲ 53.1%
Current assets
€18k▼ 44.4%
Key figures and ratios
EBITDA
€26k▲
2020 · €8k
Cash flow
€26k▲
2020 · €8k
Solvency
-7.2%▲
2020 · -35.9%
Current ratio
0.31▼
2020 · 0.42
Quick ratio
0.05▼
2020 · 0.19
Debt / equity
-14.83
ROA
29.8%▲
2020 · 2.5%
Interest coverage
167.55
Debt
€60k▼
2020 · €78k
Debt ≤ 1 year
€60k▼
2020 · €78k
Staff costs
€36k
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€58k€56k▼
Fixed assets21/28€25k€38k▲
Tangible fixed assets22/27€24k€37k▲
Plant, machinery and equipment23-€9k
Furniture and vehicles24-€15k
Other tangible fixed assets26-€14k
Financial fixed assets28€150€150=
Current assets29/58€33k€18k▼
Stocks and contracts in progress3€18k€15k▼
Stocks30/36-€15k
Amounts receivable within one year40/41€14k€1k▼
Trade receivables40-€745
Other amounts receivable41-€483
Cash at bank and in hand54/58€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€58k€56k▼
Equity10/15€-21k€-4k▲
Contributions10/11€7k€7k=
Capital10-€7k
Issued capital100-€19k
Uncalled capital101-€12k
Profit (loss) carried forward14€-27k€-11k▲
Amounts payable17/49€78k€60k▼
Amounts payable within one year42/48€78k€60k▼
Trade debts44€37k€24k▼
Suppliers440/4-€24k
Taxes, remuneration and social security45-€10k
Taxes450/3-€2k
Remuneration and social security454/9-€8k
Other amounts payable47/48-€26k
Income statement
Code20202021
Remuneration, social security and pensions62-€36k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€9k▲
Other operating charges640/8-€231
Gross operating margin9900€53k€62k▲
Operating profit (loss)9901€2k€17k▲
Financial income75/76B-€3
Recurring financial income75€0€3▲
Financial charges65/66B-€155
Recurring financial charges65€112€155▲
Profit (loss) for the period before taxes9903€1k€17k▲
Profit (loss) for the period9904€1k€17k▲
Profit (loss) for the period to be appropriated9905€1k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-11k
Profit (loss) brought forward from the previous period14P-€-27k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
10-07
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise francophone de Bruxelles · KAFO SRL CHAUSSEE DE WATERLOO 1384, 1180 UCCLE. déclarée le 3 avril 2023. · event 28-06-2024
2023
11-04
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · KAFO SRL CHAUSSEE DE WATERLOO 1384, 1180 UCCLE · event 03-04-2023
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Highest result since 2018net €17k ▲1045%
Operating result €17k, net result €17k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Back to profitnet €1k
Net result €1k after 2 loss-making years.
22-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 144 days late
2019
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series.
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 9 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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 | Catherine HERINCKX AVENUE DU CONGO 1,
1050 IXELLES |
03-04-2023 → present |