KESAR

Bankruptcy

Public limited companyfounded 1998KBO/BCE: BE 0462.489.763

The KBO register records for KESAR the legal situation: open bankruptcy (code 050); this is today's state according to the register itself, which carries no start date. The 2009 annual accounts show equity of €2.40M and a net result of €374k.

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Signals

Three signals. The signal on the left, the evidence on the right.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Latest accounts filed on time

The financial year that closed on 31-12-2010 was due by 31-07-2011 and was filed on 04-07-2011, 27 days ahead of the deadline.

NBB · 10 filings

Deviation 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 →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2009, full schema

Turnover

€19.33M▲ 143%

2006 · €7.95M

2006: €7.95M

2006 → 2009

EBIT margin

5.4%▼ 4.5pp

2006 · 9.9%

2006: 9.9%

2006 → 2009

Net result

€374k▲ 53.0%

2008 · €244k

2006: €390k 2007: €112k 2008: €244k

2006 → 2009

Working capital

€720k▼ 46.4%

2008 · €1.34M

2006: €1.40M 2007: €1.12M 2008: €1.34M

2006 → 2009

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2006200720082009Trend

Turnover€7.95M-€19.33M

Equity€1.67M-€1.79M▲ 6.7%€2.03M▲ 13.7%€2.40M▲ 18.4%

Operating result€787k-€338k▼ 57.0%€760k▲ 125%€1.04M▲ 37.2%

Net result€390k-€112k▼ 71.3%€244k▲ 118%€374k▲ 53.0%

Result per fiscal year

Operating resultNet result

After the dip in 2007 the operating result has climbed two years in a row; 2009 is 37% above 2008 and is the highest year so far.

Balance-sheet composition

2009 in colour, 2008 as the grey bar beneath

Assets €11.13M

19.5%

80.5%

Fixed assets €2.17M▲ 91.3%

Current assets €8.96M▲ 52.1%

Equity and liabilities €11.13M

21.6%

78.4%

Equity €2.40M▲ 18.4%

Debt €8.73M▲ 74.7%

The debt ratio rises from 71.1% to 78.4%: debt grows faster than equity.

Key figures and ratios

2009 value · change against 2008

EBITDA

€1.34M▲

2008 · €969k

Cash flow

€674k▲

2008 · €453k

Solvency

21.6%▼

2008 · 28.9%

Current ratio

1.09▼

2008 · 1.30

Quick ratio

0.39▼

2008 · 0.50

Debt / equity

0.20▼

2008 · 0.21

ROE

15.5%▲

2008 · 12.0%

ROA

3.4%▼

2008 · 3.5%

Interest coverage

6.20

Debt

€8.73M▲

2008 · €5.00M

Debt ≤ 1 year

€8.24M▲

2008 · €4.55M

Debt > 1 year

€475k▲

2008 · €436k

Income taxes

€163k▲

2008 · €143k

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 · 2009 against 2008

Balance sheet Code20082009

Assets

Total assets20/58€7.03M€11.13M▲

Fixed assets21/28€1.14M€2.17M▲

Intangible fixed assets21€410k€413k▲

Tangible fixed assets22/27€668k€1.68M▲

Financial fixed assets28€57k€79k▲

Current assets29/58€5.89M€8.96M▲

Stocks and contracts in progress3€3.64M€5.78M▲

Amounts receivable within one year40/41€1.59M€1.59M▲

Current investments50/53-€90k

Cash at bank and in hand54/58€504k€1.40M▲

Equity and liabilities

Total equity and liabilities10/49€7.03M€11.13M▲

Equity10/15€2.03M€2.40M▲

Contributions10/11€80k€80k=

Reserves13€27k€252k▲

Profit (loss) carried forward14€1.92M€2.07M▲

Amounts payable17/49€5.00M€8.73M▲

Amounts payable after more than one year17€436k€475k▲

Amounts payable within one year42/48€4.55M€8.24M▲

Trade debts44€1.93M€2.57M▲

Income statement Code20082009

Turnover70-€19.33M

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€209k€301k▲

Gross operating margin9900€3.21M-

Operating profit (loss)9901€760k€1.04M▲

Recurring financial income75€22k€449k▲

Recurring financial charges65€347k€956k▲

Debt charges650-€217k

Profit (loss) for the period before taxes9903€387k€537k▲

Income taxes67/77€143k€163k▲

Profit (loss) for the period9904€244k€374k▲

Profit (loss) for the period to be appropriated9905€244k€149k▼

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Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

2011

04-07

NBB filing Annual accounts filed

fiscal year 2010 · full schema

2010

08-07

NBB filing Annual accounts filed

fiscal year 2009 · full schema

2009

31-08

NBB filing Annual accounts filed

fiscal year 2008 · full schema · 31 days late

2008

31-12

Financial Equity above €2MEq €2.03M ▲13.7%

3 profitable years in a row build equity to €2.03M.

02-09

NBB filing Annual accounts filed

fiscal year 2007 · full schema · 33 days late

2007

31-12

Financial Weakest financial yearnet €112k ▼71.3%

Net result drops to €112k, the lowest in the series.

31-08

NBB filing Annual accounts filed

fiscal year 2006 · full schema · 31 days late

2006

29-08

NBB filing Annual accounts filed

fiscal year 2005 · full schema · 29 days late

2005

20-07

NBB filing Annual accounts filed

fiscal year 2004 · full schema

2004

02-08

NBB filing Annual accounts filed

fiscal year 2003 · full schema · 2 days late

2003

30-10

NBB filing Annual accounts filed

fiscal year 2002 · full schema · 91 days late

2002

17-09

NBB filing Annual accounts filed

fiscal year 2001 · full schema · 48 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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

4 establishment units since 1998

establishment All 4 establishment units on the map

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.

Ground area

8,866 m²

Building footprint

4,662 m²

Volume, LiDAR

33,662 m³

4 parcels, Brussels, Flanders, Wallonia · tallest building 20.4 m, ±6 floors. Linked by address, not a title deed.

4 establishment units

Establishment

NACE 5141002

since 19982.085.716.170

Museumstraat 2, 2000 Antwerpen

NACE 52410

since 20022.085.716.269

MAIS IL EST OU LE SOLEIL?

Kasteleinsplein 38, 1050 ElseneNACE 51421

since 20072.164.863.321

Rue du Parc Industriel(GHI) 32, 7822 Ath

NACE 51410

since 20072.164.863.717

4 parcels

Flanders 1 (25%) Wallonia 1 (25%) Brussels 2 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
51024A0452/00D000	Wallonia	8,313 m²	1 · 4,128 m²	8.8 m · 2 fl.
21001A0572/00P003	Brussels	369 m²	1 · 368 m²	10.8 m · 3 fl.
21447B0215/00B007	Brussels	110 m²	1 · 92 m²	20.4 m · 6 fl.
11811L3668/00X000 ProtectedTownscape or village viewHuizenrijen VlaamsekaaiSource ↗	Flanders	75 m²	1 · 75 m²	16.8 m · 5 fl.