KORADIAM NV

Open bankruptcy

Public limited companyfounded 1957Hoveniersstraat 55, 2018 Antwerpen, BelgiumKBO/BCE: BE 0404.968.565

A bankruptcy procedure is open for KORADIAM NV according to publications in the Belgian State Gazette; curator: KRISTIAAN PATROONS. The 2015 annual accounts show equity of €8.92M and a net result of €14k.

Watch Print / PDF

Signals

Three signals.

+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

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

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 2015, full schema

Turnover

€337k▼ 94.6%

2013 · €6.24M

2011: €36.08M 2012: €32.45M 2013: €6.24M

2011 → 2015

EBIT margin

27.1%▲ 21.3pp

2013 · 5.9%

2011: 1.5% 2012: 2.3% 2013: 5.9%

2011 → 2015

Net result

€14k

2014 · €-968k

2011: €787k 2012: €368k 2013: €9k 2014: €-968k

2011 → 2015

Working capital

€10.77M▲ 26.6%

2014 · €8.51M

2011: €9.10M 2012: €9.47M 2013: €9.48M 2014: €8.51M

2011 → 2015

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20112012201320142015Trend

Turnover€36.08M-€32.45M▼ 10.1%€6.24M▼ 80.8%€337k

Equity€9.50M-€9.87M▲ 3.9%€9.88M▲ 0.1%€8.91M▼ 9.8%€8.92M▲ 0.2%

Operating result€534k-€762k▲ 42.9%€368k▼ 51.7%€-209k€92k

Net result€787k-€368k▼ 53.2%€9k▼ 97.6%€-968k€14k

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2015: €92k after a loss of €209k in 2014.

Balance-sheet composition

2015 in colour, 2014 as the grey bar beneath

Assets €14.50M

97.2%

Fixed assets €401k▼ 0.2%

Current assets €14.10M▲ 23.8%

Equity and liabilities €14.50M

61.5%

38.5%

Equity €8.92M▲ 0.2%

Debt €5.57M▲ 93.9%

The debt ratio rises from 24.4% to 38.5%: debt grows faster than equity.

Key figures and ratios

2015 value · change against 2014

EBITDA

€93k▲

2014 · €-207k

Cash flow

€16k▲

2014 · €-967k

Solvency

61.5%▼

2014 · 75.6%

Current ratio

4.24▲

2014 · 3.96

Quick ratio

4.00▲

2014 · 3.65

ROE

0.2%▲

2014 · -10.9%

ROA

0.1%▲

2014 · -8.2%

Interest coverage

1.20▲

2014 · -1.27

Debt

€5.57M▲

2014 · €2.88M

Debt ≤ 1 year

€3.33M▲

2014 · €2.88M

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 · 2015 against 2014

Balance sheet Code20142015

Assets

Total assets20/58€11.78M€14.50M▲

Fixed assets21/28€401k€401k▼

Tangible fixed assets22/27€398k€397k▼

Financial fixed assets28€3k€3k=

Current assets29/58€11.38M€14.10M▲

Stocks and contracts in progress3€897k€776k▼

Amounts receivable within one year40/41€10.44M€13.27M▲

Cash at bank and in hand54/58€46k€47k▲

Equity and liabilities

Total equity and liabilities10/49€11.78M€14.50M▲

Equity10/15€8.91M€8.92M▲

Contributions10/11€7.92M€7.92M=

Reserves13€601k€601k▲

Profit (loss) carried forward14€383k€397k▲

Amounts payable17/49€2.88M€5.57M▲

Amounts payable within one year42/48€2.88M€3.33M▲

Trade debts44€379k€489k▲

Income statement Code20142015

Turnover70-€337k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲

Operating profit (loss)9901€-209k€92k▲

Recurring financial income75€0€572▲

Recurring financial charges65€759k€78k▼

Debt charges650€163k€78k▼

Profit (loss) for the period before taxes9903€-968k€14k▲

Profit (loss) for the period9904€-968k€14k▲

Profit (loss) for the period to be appropriated9905€-968k€14k▲

Download as CSV

Timeline · acts, filings and financial milestones

All 13Signals 1Financial 2Filings 10

2019

18-04

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · KORADIAM NV HOVENIERS- STRAAT 55/82, 2018 ANTWERPEN 1 · event 11-04-2019

2016

14-10

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 349 days late

2015

31-03

Financial Back to profitnet €14k

Net result €14k after one loss-making year.

05-02

NBB filing Annual accounts filed

fiscal year 2014 · full schema · 97 days late

2014

31-03

Financial Weakest financial yearnet €-968k ▼10955%

Net result drops to €-968k, the lowest in the series.

28-03

NBB filing Annual accounts filed

fiscal year 2013 · full schema · 148 days late

2012

13-12

NBB filing Annual accounts filed

fiscal year 2012 · full schema · 43 days late

2011

24-10

NBB filing Annual accounts filed

fiscal year 2011 · full schema

2010

29-09

NBB filing Annual accounts filed

fiscal year 2010 · full schema

2009

30-10

NBB filing Annual accounts filed

fiscal year 2009 · full schema

2008

24-09

NBB filing Annual accounts filed

fiscal year 2008 · full schema

2007

05-10

NBB filing Annual accounts filed

fiscal year 2007 · full schema

2006

15-09

NBB filing Annual accounts filed

fiscal year 2006 · full schema

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

Directors · office · real estate

Directors

10 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

Registered office, Antwerpen · 1 establishment unit since 1957

establishment The establishment unit 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.

Hoveniersstraat 552018 Antwerpen

Ground area

5,380 m²

Building footprint

4,965 m²

Volume, LiDAR

140,988 m³