KOLEOP
InactiveSignals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline01-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 30-08-2022, 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 · 3 filingsDeviation from the deadline
2021
30 d late
2020
32 d early
2019
21 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 6 days after the deadline; the Belgian median for financial year 2021 is 3 days before the deadline, and 44% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, micro schema
Equity
€99,874▼ 45.1%
2020 · €181,973
Total assets
€172,421▼ 31.5%
2020 · €251,683
Net result
-€387,243▼ 79.5%
2020 · -€215,750
Working capital
€86,501▼ 47.3%
2020 · €164,085
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
Line201920202021
Operating result-€51,918--€213,702▼ 312%-€385,716▼ 80.5%
Net result-€51,927--€215,750▼ 315%-€387,243▼ 79.5%
Equity€42,773-€181,973▲ 325%€99,874▼ 45.1%
Total assets€69,402-€251,683▲ 263%€172,421▼ 31.5%
Debt€26,629-€69,710▲ 162%€72,547▲ 4.1%
Working capital€24,225-€164,085▲ 577%€86,501▼ 47.3%
Staff (FTE)23▲ 50.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €385,716 in 2021 against €213,702 in 2020; the loss grows and 2021 has the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €172,421
Fixed assets
€13,373 ▼ 25.2%
Current assets
€159,048 ▼ 32.0%
Equity and liabilities €172,421
Equity
€99,874 ▼ 45.1%
Debt
€72,547 ▲ 4.1%
Debt's share of the balance-sheet total rises from 27.7% to 42.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€379,624▼
2020 · -€208,538
Cash flow
-€381,151▼
2020 · -€210,586
Current ratio
2.19▼
2020 · 3.35
Debt to equity
0.73
ROE
-387.7%▼
2020 · -118.6%
ROA
-224.6%▼
2020 · -85.7%
Interest coverage
-315.83
Debt ≤ 1 year
€72,547▲
2020 · €69,710
Income taxes
€357▲
2020 · €275
Staff costs
€82,223
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €82,223 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,819 | €5,164 | €6,092 | ▲ 18.0% |
| Other operating charges640/8 | - | - | €611 | - |
| Gross operating margin9900 | -€42,168 | -€174,867 | -€296,790 | ▼ 69.7% |
| Operating profit (loss)9901 | -€51,918 | -€213,702 | -€385,716 | ▼ 80.5% |
| Financial income75/76B | - | - | €32 | - |
| Recurring financial income75 | €10 | €114 | €32 | ▼ 71.9% |
| Financial charges65/66B | - | - | €1,202 | - |
| Recurring financial charges65 | €19 | €1,887 | €1,202 | ▼ 36.3% |
| Profit (loss) for the period before taxes9903 | -€51,927 | -€215,475 | -€386,886 | ▼ 79.6% |
| Income taxes67/77 | - | €275 | €357 | ▲ 29.8% |
| Profit (loss) for the period9904 | -€51,927 | -€215,750 | -€387,243 | ▼ 79.5% |
| Profit (loss) for the period to be appropriated9905 | -€51,927 | -€215,750 | -€387,243 | ▼ 79.5% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €69,402 | €251,683 | €172,421 | ▼ 31.5% |
| Fixed assets21/28 | €18,548 | €17,888 | €13,373 | ▼ 25.2% |
| Intangible fixed assets21 | €18,548 | €13,602 | €8,656 | ▼ 36.4% |
| Tangible fixed assets22/27 | - | €2,440 | €2,591 | ▲ 6.2% |
| Furniture and vehicles24 | - | - | €2,591 | - |
| Financial fixed assets28 | - | €1,846 | €2,126 | ▲ 15.2% |
| Current assets29/58 | €50,854 | €233,795 | €159,048 | ▼ 32.0% |
| Amounts receivable within one year40/41 | €16,730 | €73,515 | €66,144 | ▼ 10.0% |
| Trade receivables40 | - | - | €38,370 | - |
| Other amounts receivable41 | - | - | €27,774 | - |
| Cash at bank and in hand54/58 | €34,124 | €160,280 | €92,904 | ▼ 42.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €69,402 | €251,683 | €172,421 | ▼ 31.5% |
| Equity10/15 | €42,773 | €181,973 | €99,874 | ▼ 45.1% |
| Contributions10/11 | €94,700 | €155,500 | €754,794 | ▲ 385% |
| Capital10 | - | - | €460,644 | - |
| Issued capital100 | - | - | €460,644 | - |
| Outside capital11 | - | - | €294,150 | - |
| Share premium1100/10 | - | - | €294,150 | - |
| Profit (loss) carried forward14 | -€51,927 | -€267,677 | -€654,920 | ▼ 145% |
| Amounts payable17/49 | €26,629 | €69,710 | €72,547 | ▲ 4.1% |
| Amounts payable within one year42/48 | €26,629 | €69,710 | €72,547 | ▲ 4.1% |
| Trade debts44 | €26,629 | €64,141 | €55,806 | ▼ 13.0% |
| Suppliers440/4 | - | - | €55,806 | - |
| Advances received on contracts in progress46 | - | - | €2,258 | - |
| Taxes, remuneration and social security45 | - | - | €14,294 | - |
| Taxes450/3 | - | - | €283 | - |
| Remuneration and social security454/9 | - | - | €14,011 | - |
| Other amounts payable47/48 | - | - | €189 | - |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€51,927 | -€215,750 | -€387,243 | ▼ 79.5% |
| + Depreciation and write-downs630 | €8,819 | €5,164 | €6,092 | ▲ 18.0% |
| Operating cash flow (approximation) | -€43,108 | -€210,586 | -€381,151 | ▼ 81.0% |
| Investment in fixed assets (approximation) | - | -€4,504 | -€1,577 | ▲ 65.0% |
| Change in cash | - | €126,156 | -€67,376 | ▼ 153% |
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
2025
31-10
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise de Liège, division Namur · event 01-10-2025
2022
14-09
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Namur · event 08-09-2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet -€387,243
Net result drops to -€387,243, the lowest in the series.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150,000Eq €181,973 ▲325%
Equity rises from €42,773 to €181,973.
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
No directors read yet: 0 of 6 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | BENOIT HOC Route De Saint Gerard, 98 2, 5100 04 Wepion |
08-09-2022 → 01-10-2025 |
Structure & network
Owners and holdings
1 ownerOwners 1
-
5.82%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.