KF SALMAN
InactiveKF SALMAN was declared bankrupt on 08-03-2022 (Ondernemingsrechtbank Antwerpen, afdeling Tongeren); the bankruptcy was closed for insufficient assets by judgment of 31-01-2023, published in the Belgian State Gazette on 06-02-2023.
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 · 2 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline29-09-2026 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 30-08-2021, 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
30 d late
2019
36 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 33 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
€30,147▲ 125%
2019 · €13,389
Total assets
€86,454▲ 77.0%
2019 · €48,835
Net result
€16,758▲ 2,024%
2019 · €789
Working capital
€14,137▲ 35.6%
2019 · €10,427
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
Line20192020
Operating result€1,281-€18,991▲ 1,382%
Net result€789-€16,758▲ 2,024%
Equity€13,389-€30,147▲ 125%
Total assets€48,835-€86,454▲ 77.0%
Debt€35,446-€56,307▲ 58.9%
Working capital€10,427-€14,137▲ 35.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2020; 2020 is 1,382% above 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €86,454
Fixed assets
€22,838 ▲ 12.7%
Current assets
€63,616 ▲ 123%
Equity and liabilities €86,454
Equity
€30,147 ▲ 125%
Debt
€56,307 ▲ 58.9%
Debt's share of the balance-sheet total falls from 72.6% to 65.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€24,670▲
2019 · €5,253
Cash flow
€22,438▲
2019 · €4,761
Current ratio
1.29▼
2019 · 1.57
Quick ratio
1.09▼
2019 · 1.41
Debt to equity
0.23▼
2019 · 1.29
ROE
55.6%▲
2019 · 5.9%
ROA
19.4%▲
2019 · 1.6%
Debt ≤ 1 year
€49,479▲
2019 · €18,143
Debt > 1 year
€6,828▼
2019 · €17,304
Income taxes
€1,442▲
2019 · €79
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,972 | €5,680 | ▲ 43.0% |
| Gross operating margin9900 | €5,863 | €30,572 | ▲ 421% |
| Operating profit (loss)9901 | €1,281 | €18,991 | ▲ 1,382% |
| Recurring financial income75 | €6 | €53 | ▲ 737% |
| Recurring financial charges65 | €420 | €844 | ▲ 101% |
| Profit (loss) for the period before taxes9903 | €868 | €18,200 | ▲ 1,997% |
| Income taxes67/77 | €79 | €1,442 | ▲ 1,727% |
| Profit (loss) for the period9904 | €789 | €16,758 | ▲ 2,024% |
| Profit (loss) for the period to be appropriated9905 | €789 | €16,758 | ▲ 2,024% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €48,835 | €86,454 | ▲ 77.0% |
| Fixed assets21/28 | €20,265 | €22,838 | ▲ 12.7% |
| Intangible fixed assets21 | €1,516 | €1,166 | ▼ 23.1% |
| Tangible fixed assets22/27 | €18,750 | €21,672 | ▲ 15.6% |
| Current assets29/58 | €28,570 | €63,616 | ▲ 123% |
| Stocks and contracts in progress3 | €2,952 | €9,599 | ▲ 225% |
| Amounts receivable within one year40/41 | €24,433 | €53,751 | ▲ 120% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €48,835 | €86,454 | ▲ 77.0% |
| Equity10/15 | €13,389 | €30,147 | ▲ 125% |
| Reserves13 | €789 | €789 | = |
| Profit (loss) carried forward14 | - | €16,758 | - |
| Amounts payable17/49 | €35,446 | €56,307 | ▲ 58.9% |
| Amounts payable after more than one year17 | €17,304 | €6,828 | ▼ 60.5% |
| Amounts payable within one year42/48 | €18,143 | €49,479 | ▲ 173% |
| Trade debts44 | €12,145 | €30,734 | ▲ 153% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €789 | €16,758 | ▲ 2,024% |
| + Depreciation and write-downs630 | €3,972 | €5,680 | ▲ 43.0% |
| Operating cash flow (approximation) | €4,761 | €22,438 | ▲ 371% |
| Investment in fixed assets (approximation) | - | -€8,252 | - |
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
2023
06-02
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · event 31-01-2023
2022
14-03
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · event 08-03-2022
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
05-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 36 days late
SignalNBB filing
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
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | KRISTIEN HANSSEN ONDERWIJSLAAN 72,
3600 GENK |
08-03-2022 → 31-01-2023 |
| Curator | TANGUY PAQUET ONDERWIJSLAAN 72, 3600 GENK |
08-03-2022 → 31-01-2023 |