KEVACO
InactiveKEVACO was declared bankrupt on 02-11-2021 (Ondernemingsrechtbank Antwerpen, afdeling Turnhout); the bankruptcy was closed by liquidation by judgment of 12-09-2023, published in the Belgian State Gazette on 25-09-2023.
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 · 9 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline25-09-2026 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 31-08-2021, 31 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
31 d late
2019
46 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Equity
€-112k
2019 · €138k
2018: €85k
2019: €138k
2018 → 2020
Total assets
€590k▼ 8.3%
2019 · €643k
2018: €303k
2019: €643k
2018 → 2020
Net result
€-250k
2019 · €41k
2018: €8k
2019: €41k
2018 → 2020
Working capital
€-160k
2019 · €71k
2018: €33k
2019: €71k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€85k-€138k▲ 63.4%€-112k
Operating result€18k-€57k▲ 220%€-243k
Net result€8k-€41k▲ 393%€-250k
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 €243k after €57k in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €590k
Fixed assets
€279k ▼ 5.6%
Current assets
€310k ▼ 10.6%
Key figures and ratios
EBITDA
€-217k▼
2019 · €85k
Cash flow
€-224k▼
2019 · €69k
Solvency
-19.0%▼
2019 · 21.5%
Current ratio
0.66▼
2019 · 1.26
Debt to equity
-2.06▼
2019 · 1.65
ROA
-42.5%▼
2019 · 6.4%
Debt
€702k▲
2019 · €504k
Debt ≤ 1 year
€470k▲
2019 · €275k
Debt > 1 year
€231k▲
2019 · €229k
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 · 25 lines
Balance sheet
Code20192020
Assets
Total assets20/58€643k€590k▼
Fixed assets21/28€296k€279k▼
Tangible fixed assets22/27€287k€271k▼
Financial fixed assets28€9k€9k=
Current assets29/58€347k€310k▼
Amounts receivable within one year40/41€340k€274k▼
Cash at bank and in hand54/58€78€36k▲
Equity and liabilities
Total equity and liabilities10/49€643k€590k▼
Equity10/15€138k€-112k▼
Contributions10/11€19k-
Reserves13€120k€120k=
Profit (loss) carried forward14-€-250k
Amounts payable17/49€504k€702k▲
Amounts payable after more than one year17€229k€231k▲
Amounts payable within one year42/48€275k€470k▲
Trade debts44€104k€355k▲
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€26k▼
Gross operating margin9900€249k€-126k▼
Operating profit (loss)9901€57k€-243k▼
Recurring financial income75€33€286▲
Recurring financial charges65€7k€8k▲
Profit (loss) for the period before taxes9903€50k€-250k▼
Income taxes67/77€9k-
Profit (loss) for the period9904€41k€-250k▼
Profit (loss) for the period to be appropriated9905€41k€-250k▼
Timeline · acts, filings and financial milestones
2023
25-09
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 12-09-2023
2021
08-11
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 02-11-2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
27-07
Judicial reorganisation
Opening
Ondernemingsrechtbank Antwerpen · collective agreement · event 22-07-2021
2020
31-12
Financial
Weakest financial yearnet €-250k
Net result drops to €-250k, the lowest in the series.
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €41k ▲393%
Operating result €57k, net result €41k, both a record.
31-12
Financial
Equity above €100kEq €138k ▲63.4%
2 profitable years in a row build equity to €138k.
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Show earlier events
2015
30-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
18-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 18 days late
2013
25-06
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
7 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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | JOHAN VAN CAUWENBERGH RUBENSSTRAAT 165
BUS 2, 2300 TURNHOUT |
02-11-2021 → 12-09-2023 |
| Curator | MICHIEL ROETS RUBENS-
STRAAT 165 BUS 2, 2300 TURNHOUT |
02-11-2021 → 12-09-2023 |