KOUL
InactiveKOUL was declared bankrupt on 31-10-2023 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 25-06-2024, published in the Belgian State Gazette on 28-06-2024.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
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 · 9 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline30-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 17-11-2022, 109 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
109 d late
2019
91 d late
2018
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 77 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 2021, micro schema
Turnover
€108,544▲ 118%
2019 · €49,871
EBIT margin
0.3%▼ 8.0pp
2019 · 8.4%
Net result
€231▼ 94.2%
2019 · €4,006
Working capital
-€9,839▲ 39.8%
2019 · -€16,336
Trend over the years
In euros
In per cent
In euros
No line ticked in this group.
In per cent
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
Line201820192021
Turnover€49,871€108,544-
Operating result-€1,094-€4,172€376-
Net result-€1,094-€4,006€231-
EBIT margin8.4%0.3%-
Equity-€20,342--€16,336▲ 19.7%-€11,439-
Total assets€44-€6,147▲ 13,870%€5,616-
Debt€20,386-€22,483▲ 10.3%€17,055-
Working capital-€20,342--€16,336▲ 19.7%-€9,839-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €376 in 2021, compared with €4,172 in 2019. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
Assets €5,616
Fixed assets
€900
Current assets
€4,716
Key figures and ratios
Solvency
-203.7%▲
2019 · -265.8%
Current ratio
0.32▲
2019 · 0.27
Quick ratio
0.04▼
2019 · 0.08
Debt to equity
-1.49
ROA
4.1%▼
2019 · 65.2%
Debt ≤ 1 year
€14,555▼
2019 · €22,483
Staff costs
€4,965
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2021 | Change |
|---|---|---|---|---|
| Turnover70 | - | €49,871 | €108,544 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €103,091 | - |
| Remuneration, social security and pensions62 | - | - | €4,965 | - |
| Other operating charges640/8 | - | - | €112 | - |
| Gross operating margin9900 | -€1,094 | €4,454 | €5,453 | - |
| Operating profit (loss)9901 | -€1,094 | €4,172 | €376 | - |
| Financial charges65/66B | - | - | €145 | - |
| Recurring financial charges65 | - | €166 | €145 | - |
| Profit (loss) for the period before taxes9903 | -€1,094 | €4,006 | €231 | - |
| Profit (loss) for the period9904 | -€1,094 | €4,006 | €231 | - |
| Profit (loss) for the period to be appropriated9905 | -€1,094 | €4,006 | €231 | - |
| Line | 2018 | 2019 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €44 | €6,147 | €5,616 | - |
| Fixed assets21/28 | - | - | €900 | - |
| Tangible fixed assets22/27 | - | - | €900 | - |
| Furniture and vehicles24 | - | - | €900 | - |
| Current assets29/58 | €44 | €6,147 | €4,716 | - |
| Stocks and contracts in progress3 | - | €4,250 | €4,108 | - |
| Stocks30/36 | - | - | €4,108 | - |
| Amounts receivable within one year40/41 | €44 | €1,542 | €241 | - |
| Other amounts receivable41 | - | - | €241 | - |
| Cash at bank and in hand54/58 | €0 | €355 | €367 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €44 | €6,147 | €5,616 | - |
| Equity10/15 | -€20,342 | -€16,336 | -€11,439 | - |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | - |
| Capital10 | - | - | €6,200 | - |
| Issued capital100 | - | - | €18,600 | - |
| Uncalled capital101 | - | - | €12,400 | - |
| Profit (loss) carried forward14 | -€26,542 | -€22,536 | -€17,639 | - |
| Amounts payable17/49 | €20,386 | €22,483 | €17,055 | - |
| Amounts payable within one year42/48 | €20,386 | €22,483 | €14,555 | - |
| Trade debts44 | €1,474 | €7,445 | €6,143 | - |
| Suppliers440/4 | - | - | €6,143 | - |
| Taxes, remuneration and social security45 | - | - | €3,318 | - |
| Remuneration and social security454/9 | - | - | €3,318 | - |
| Other amounts payable47/48 | - | - | €5,094 | - |
| Accrued charges and deferred income492/3 | - | - | €2,500 | - |
| Line | 2018 | 2019 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,094 | €4,006 | €231 | - |
| Operating cash flow (approximation) | -€1,094 | €4,006 | €231 | - |
| Change in cash | - | €355 | - | - |
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
28-06
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · event 25-06-2024
2023
08-11
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 31-10-2023
2022
17-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 109 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Back to profitnet €4,006
Net result €4,006 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
20-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 416 days late
20-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 781 days late
2015
27-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 27 days late
2014
29-11
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 121 days late
2013
22-10
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 83 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | WIM HEETHEM WATERLOOSESTEENWEG 412/F,
1050 BRUSSEL 5 |
31-10-2023 → 25-06-2024 |