KIMART
InactiveSignals
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 · 3 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline01-10-2026 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 · 3 filingsDeviation from the deadline
2020
31 d late
2019
54 d late
2018
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 18 days after the deadline; the Belgian median for financial year 2020 is 1 day before the deadline, and 46% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2020, micro schema
Equity
-€100,525
2019 · €10,515
Total assets
€47,368▲ 47.5%
2019 · €32,113
Net result
-€111,041
2019 · €2,495
Working capital
-€104,529
2019 · €9,565
Trend over the years
In euros
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Operating result-€8,007-€5,741-€111,467
Net result-€10,580-€2,495-€111,041
Equity€8,020-€10,515▲ 31.1%-€100,525
Total assets€33,690-€32,113▼ 4.7%€47,368▲ 47.5%
Debt€25,670-€21,598▼ 15.9%€147,894▲ 585%
Working capital€843-€9,565▲ 1,035%-€104,529
Staff (FTE)5.3-3.2▼ 39.6%3.1▼ 3.1%
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 €111,467 after €5,741 in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €47,368
Fixed assets
€4,004 ▲ 321%
Current assets
€43,365 ▲ 39.2%
Equity and liabilities
Equity-€100,525
Debt€147,894
Equity is negative: debt (€147,894) exceeds the balance-sheet total (€47,368).
Key figures and ratios
EBITDA
-€109,884▼
2019 · €6,216
Cash flow
-€109,458▼
2019 · €2,970
Solvency
-212.2%▼
2019 · 32.7%
Current ratio
0.29▼
2019 · 1.44
ROA
-234.4%▼
2019 · 7.8%
Debt ≤ 1 year
€147,894▲
2019 · €21,598
Income taxes
€128▼
2019 · €131
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 | €3,308 | €475 | €1,582 | ▲ 233% |
| Gross operating margin9900 | €145,746 | €91,855 | €47,398 | ▼ 48.4% |
| Operating profit (loss)9901 | -€8,007 | €5,741 | -€111,467 | ▼ 2,042% |
| Recurring financial income75 | €5 | €74 | €976 | ▲ 1,212% |
| Recurring financial charges65 | €2,578 | €3,189 | €422 | ▼ 86.8% |
| Profit (loss) for the period before taxes9903 | -€10,580 | €2,626 | -€110,913 | ▼ 4,323% |
| Income taxes67/77 | - | €131 | €128 | ▼ 2.0% |
| Profit (loss) for the period9904 | -€10,580 | €2,495 | -€111,041 | ▼ 4,550% |
| Profit (loss) for the period to be appropriated9905 | -€10,580 | €2,495 | -€111,041 | ▼ 4,550% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €33,690 | €32,113 | €47,368 | ▲ 47.5% |
| Fixed assets21/28 | €7,177 | €950 | €4,004 | ▲ 321% |
| Tangible fixed assets22/27 | €7,177 | €950 | €4,004 | ▲ 321% |
| Current assets29/58 | €26,513 | €31,163 | €43,365 | ▲ 39.2% |
| Amounts receivable within one year40/41 | €7,422 | €2,172 | €1,106 | ▼ 49.0% |
| Cash at bank and in hand54/58 | €19,091 | €26,272 | €13 | ▼ 100.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €33,690 | €32,113 | €47,368 | ▲ 47.5% |
| Equity10/15 | €8,020 | €10,515 | -€100,525 | ▼ 1,056% |
| Contributions10/11 | €18,600 | €18,600 | - | - |
| Profit (loss) carried forward14 | -€10,580 | -€8,085 | -€119,125 | ▼ 1,373% |
| Amounts payable17/49 | €25,670 | €21,598 | €147,894 | ▲ 585% |
| Amounts payable within one year42/48 | €25,670 | €21,598 | €147,894 | ▲ 585% |
| Trade debts44 | €8,151 | €10,128 | €22,863 | ▲ 126% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,580 | €2,495 | -€111,041 | ▼ 4,550% |
| + Depreciation and write-downs630 | €3,308 | €475 | €1,582 | ▲ 233% |
| Operating cash flow (approximation) | -€7,272 | €2,970 | -€109,458 | ▼ 3,785% |
| Investment in fixed assets (approximation) | - | €5,752 | -€4,636 | ▼ 181% |
| Change in cash | - | €7,181 | -€26,259 | ▼ 466% |
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
02-09
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Gent · event 09-07-2024
2021
22-11
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 16-11-2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€111,041
Net result drops to -€111,041, the lowest in the series.
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
2019
31-12
Financial
Back to profitnet €2,495
Net result €2,495 after one loss-making year.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ALEXIA DE CLERCQ Edgard Gevaertdreef 10, 9830 Sint-Martens-Latem |
16-11-2021 → 09-07-2024 |