KASSABIAN
InactiveKASSABIAN was declared bankrupt on 18-04-2023 (Ondernemingsrechtbank Brussel); the bankruptcy was closed by liquidation by judgment of 03-06-2025, published in the Belgian State Gazette on 18-06-2025.
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.
+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 · 7 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline20-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 09-05-2022, 282 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
282 d late
2019
216 d late
← before the deadline
after the deadline →
Financials · fiscal year 2020, micro schema
Equity
€42k▼ 64.6%
2019 · €119k
2018: €99k
2019: €119k
2018 → 2020
Total assets
€234k▼ 46.2%
2019 · €435k
2018: €399k
2019: €435k
2018 → 2020
Net result
€-77k
2019 · €20k
2018: €23k
2019: €20k
2018 → 2020
Working capital
€44k▼ 74.4%
2019 · €172k
2018: €72k
2019: €172k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€99k-€119k▲ 20.1%€42k▼ 64.6%
Operating result€34k-€36k▲ 4.6%€-73k
Net result€23k-€20k▼ 12.9%€-77k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €73k after €36k in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €234k
Fixed assets
€23k▼ 35.2%
Current assets
€210k▼ 47.2%
Equity and liabilities €234k
Equity
€42k▼ 64.6%
Debt
€192k▼ 39.4%
The debt ratio rises from 72.7% to 82.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-54k▼
2019 · €55k
Cash flow
€-57k▼
2019 · €39k
Solvency
18.0%▼
2019 · 27.3%
Current ratio
1.26▼
2019 · 1.76
Quick ratio
1.26▼
2019 · 1.76
Debt / equity
4.55▲
2019 · 0.51
ROE
-182.3%▼
2019 · 16.7%
ROA
-32.8%▼
2019 · 4.6%
Interest coverage
-16.50
Debt
€192k▼
2019 · €316k
Debt ≤ 1 year
€166k▼
2019 · €227k
Debt > 1 year
€23k▼
2019 · €61k
Income taxes
€109▼
2019 · €14k
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€435k€234k▼
Fixed assets21/28€36k€23k▼
Tangible fixed assets22/27€34k€22k▼
Plant, machinery and equipment23-€6k
Furniture and vehicles24-€15k
Financial fixed assets28€1k€1k=
Current assets29/58€399k€210k▼
Amounts receivable after more than one year29-€51k
Trade receivables290-€51k
Amounts receivable within one year40/41€263k€112k▼
Trade receivables40-€35k
Other amounts receivable41-€77k
Cash at bank and in hand54/58€44k€43k▼
Deferred charges and accrued income490/1-€5k
Equity and liabilities
Total equity and liabilities10/49€435k€234k▼
Equity10/15€119k€42k▼
Contributions10/11€12k€12k=
Reserves13€2k€2k=
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Profit (loss) carried forward14€104k€28k▼
Amounts payable17/49€316k€192k▼
Amounts payable after more than one year17€61k€23k▼
Financial debts170/4-€23k
Amounts payable within one year42/48€227k€166k▼
Current portion of amounts payable after more than one year42-€44k
Trade debts44€71k€17k▼
Suppliers440/4-€17k
Advances received on contracts in progress46-€92k
Taxes, remuneration and social security45-€14k
Taxes450/3-€14k
Accrued charges and deferred income492/3-€2k
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€19k▲
Other operating charges640/8-€348
Gross operating margin9900€181k€-54k▼
Operating profit (loss)9901€36k€-73k▼
Financial income75/76B-€146
Recurring financial income75€28€146▲
Financial charges65/66B-€3k
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€34k€-77k▼
Income taxes67/77€14k€109▼
Profit (loss) for the period9904€20k€-77k▼
Profit (loss) for the period to be appropriated9905€20k€-77k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€28k
Profit (loss) brought forward from the previous period14P-€104k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-06
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Brussel · KASSABIAN BV ELSENSE STEENWEG 272, 1050 ELSENE · event 03-06-2025
2023
28-04
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · KASSABIAN BV ELSENSE STEENWEG 272, 1050 ELSENE · event 18-04-2023
2022
09-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 282 days late
2021
04-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 216 days late
2020
31-12
Financial
Weakest financial yearnet €-77k ▼486%
Net result drops to €-77k, the lowest in the series.
2019
31-12
Financial
Equity above €100kEq €119k ▲20.1%
2 profitable years in a row build equity to €119k.
22-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 83 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 122 days late
18-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 291 days late
2016
10-02
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 194 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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 | PATRICK SCHRUERS LUCHTHAVENLAAN 27 BUS 38,
1800 VILVOORDE |
18-04-2023 → present |