KARTOM
InactiveKARTOM was declared bankrupt on 12-10-2021 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed by liquidation by judgment of 12-03-2024, published in the Belgian State Gazette on 12-04-2024.
Summary
Inactive; last annual accounts for fiscal year 2020.
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 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline27-09-2026 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 27-08-2021, 27 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
27 d late
2019
389 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 208 days after the deadline; 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 2020, micro schema
Equity
-€126,944▼ 329%
2019 · -€29,562
Total assets
€146,031▼ 13.9%
2019 · €169,521
Net result
-€97,382▲ 6.3%
2019 · -€103,928
Working capital
-€136,538▼ 164%
2019 · -€51,816
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
Line201820192020
Operating result€836--€103,558-€97,026▲ 6.3%
Net result€544--€103,928-€97,382▲ 6.3%
Equity€4,366--€29,562-€126,944▼ 329%
Total assets€5,368-€169,521▲ 3,058%€146,031▼ 13.9%
Debt€1,001-€199,084▲ 19,780%€272,975▲ 37.1%
Working capital€4,366--€51,816-€136,538▼ 164%
Staff (FTE)0.5-0.8▲ 60.0%1▲ 25.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €97,026 in 2020 against €103,558 in 2019; the loss shrinks.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €146,031
Fixed assets
€51,094 ▼ 17.9%
Current assets
€94,937 ▼ 11.5%
Key figures and ratios
EBITDA
-€85,866▲
2019 · -€94,345
Cash flow
-€86,222▲
2019 · -€94,715
Solvency
-86.9%▼
2019 · -17.4%
Current ratio
0.41▼
2019 · 0.67
Quick ratio
0.11▼
2019 · 0.14
ROA
-66.7%▼
2019 · -61.3%
Debt ≤ 1 year
€231,475▲
2019 · €159,084
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €9,213 | €11,160 | ▲ 21.1% |
| Gross operating margin9900 | €27,960 | -€51,032 | -€55,946 | ▼ 9.6% |
| Operating profit (loss)9901 | €836 | -€103,558 | -€97,026 | ▲ 6.3% |
| Recurring financial income75 | €14 | €6 | €8 | ▲ 41.6% |
| Recurring financial charges65 | €306 | €376 | €364 | ▼ 3.1% |
| Profit (loss) for the period before taxes9903 | €544 | -€103,928 | -€97,382 | ▲ 6.3% |
| Profit (loss) for the period9904 | €544 | -€103,928 | -€97,382 | ▲ 6.3% |
| Profit (loss) for the period to be appropriated9905 | €544 | -€103,928 | -€97,382 | ▲ 6.3% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €5,368 | €169,521 | €146,031 | ▼ 13.9% |
| Fixed assets21/28 | - | €62,254 | €51,094 | ▼ 17.9% |
| Intangible fixed assets21 | - | €38,393 | €32,927 | ▼ 14.2% |
| Tangible fixed assets22/27 | - | €23,861 | €18,167 | ▼ 23.9% |
| Current assets29/58 | €5,368 | €107,267 | €94,937 | ▼ 11.5% |
| Stocks and contracts in progress3 | - | €85,161 | €69,474 | ▼ 18.4% |
| Amounts receivable within one year40/41 | €351 | €15,011 | €15,742 | ▲ 4.9% |
| Cash at bank and in hand54/58 | €5,016 | €7,096 | €9,049 | ▲ 27.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €5,368 | €169,521 | €146,031 | ▼ 13.9% |
| Equity10/15 | €4,366 | -€29,562 | -€126,944 | ▼ 329% |
| Contributions10/11 | €18,600 | €88,600 | - | - |
| Reserves13 | €2,900 | €2,900 | €2,900 | = |
| Profit (loss) carried forward14 | -€17,134 | -€121,062 | -€218,444 | ▼ 80.4% |
| Amounts payable17/49 | €1,001 | €199,084 | €272,975 | ▲ 37.1% |
| Amounts payable after more than one year17 | - | €40,000 | - | - |
| Amounts payable within one year42/48 | €1,001 | €159,084 | €231,475 | ▲ 45.5% |
| Trade debts44 | €533 | €73,656 | €79,424 | ▲ 7.8% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €544 | -€103,928 | -€97,382 | ▲ 6.3% |
| + Depreciation and write-downs630 | - | €9,213 | €11,160 | ▲ 21.1% |
| Operating cash flow (approximation) | €544 | -€94,715 | -€86,222 | ▲ 9.0% |
| Investment in fixed assets (approximation) | - | - | €0 | - |
| Change in cash | - | €2,080 | €1,954 | ▼ 6.1% |
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
12-04
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Gent · event 12-03-2024
2021
10-11
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 12-10-2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 389 days late
2019
31-12
Financial
Weakest financial yearnet -€103,928
Net result drops to -€103,928, the lowest in the series.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
06-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
09-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
10-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
10-06
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
02-07
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
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 | GEERT DEFREYNE KORTRIJKSESTEENWEG 361,
9000 GENT |
12-10-2021 → 12-03-2024 |