KRIDO
InactiveKRIDO was declared bankrupt on 24-01-2024 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed for insufficient assets by judgment of 25-11-2024, published in the Belgian State Gazette on 28-11-2024.
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 · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline27-09-2026 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 11-10-2022, 72 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
72 d late
2020
11 d early
2019
12 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 24 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, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€125,580▼ 71.3%
2020 · €437,326
Total assets
€311,965▼ 54.6%
2020 · €687,036
Net result
-€311,746
2020 · €497,350
Working capital
€233,578▼ 11.9%
2020 · €265,166
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
Line2018201920202021
Operating result-€3,633--€3,633=€652,362-€761
Net result-€23,781--€23,781=€497,350-€311,746
Equity-€41,277--€60,024▼ 45.4%€437,326€125,580▼ 71.3%
Total assets€355,184-€337,505▼ 5.0%€687,036▲ 104%€311,965▼ 54.6%
Debt€378,781-€378,781=€374,565▼ 1.1%€27,191▼ 92.7%
Working capital-€297,790--€317,548▼ 6.6%€265,166€233,578▼ 11.9%
Staff (FTE)0
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €761 after €652,362 in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €311,965
Fixed assets
€51,196 ▼ 83.6%
Current assets
€260,769 ▼ 55.4%
Equity and liabilities €311,965
Equity
€125,580 ▼ 71.3%
Provisions
€159,195 =
Debt
€27,191 ▼ 92.7%
Debt's share of the balance-sheet total falls from 38.6% to 8.7%. Equity and debt are lower.
Key figures and ratios
Current ratio
9.59▲
2020 · 1.83
Debt to equity
0.22▲
2020 · 0.13
ROE
-248.2%▼
2020 · 113.7%
ROA
-99.9%▼
2020 · 72.4%
Debt ≤ 1 year
€27,191▼
2020 · €319,477
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,797 | €22,797 | €22,797 | - | - |
| Other operating charges640/8 | - | - | - | €268 | - |
| Gross operating margin9900 | €32,405 | €32,405 | €656,673 | -€493 | ▼ 100% |
| Operating profit (loss)9901 | -€3,633 | -€3,633 | €652,362 | -€761 | ▼ 100% |
| Recurring financial income75 | €6 | €6 | €13,667 | - | - |
| Financial charges65/66B | - | - | - | €310,984 | - |
| Recurring financial charges65 | €20,154 | €20,412 | €20,412 | €259,788 | ▲ 1,173% |
| Non-recurring financial charges66B | - | - | - | €51,196 | - |
| Profit (loss) for the period before taxes9903 | -€23,781 | -€23,781 | €656,545 | -€311,746 | ▼ 147% |
| Income taxes67/77 | €0 | €0 | €0 | - | - |
| Profit (loss) for the period9904 | -€23,781 | -€23,781 | €497,350 | -€311,746 | ▼ 163% |
| Profit (loss) for the period to be appropriated9905 | -€23,781 | -€23,781 | €19,765 | -€311,746 | ▼ 1,677% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €355,184 | €337,505 | €687,036 | €311,965 | ▼ 54.6% |
| Formation expenses20 | €0 | €0 | €0 | - | - |
| Fixed assets21/28 | €352,102 | €335,575 | €312,778 | €51,196 | ▼ 83.6% |
| Intangible fixed assets21 | €0 | €0 | €0 | - | - |
| Tangible fixed assets22/27 | €249,710 | €233,182 | €210,385 | - | - |
| Financial fixed assets28 | €102,393 | €102,393 | €102,393 | €51,196 | ▼ 50.0% |
| Current assets29/58 | €3,082 | €1,929 | €584,643 | €260,769 | ▼ 55.4% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | - | - |
| Amounts receivable within one year40/41 | €805 | €604 | €583,478 | €260,409 | ▼ 55.4% |
| Other amounts receivable41 | - | - | - | €260,409 | - |
| Current investments50/53 | €0 | €0 | €0 | - | - |
| Cash at bank and in hand54/58 | €2,277 | €1,512 | €1,166 | €360 | ▼ 69.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €355,184 | €337,505 | €687,036 | €311,965 | ▼ 54.6% |
| Equity10/15 | -€41,277 | -€60,024 | €437,326 | €125,580 | ▼ 71.3% |
| Contributions10/11 | €30,000 | €30,000 | - | €30,000 | - |
| Reserves13 | €3,000 | €3,000 | €480,585 | €480,585 | = |
| Non-distributable reserves130/1 | - | - | - | €3,000 | - |
| Reserves not available under the articles1311 | - | - | - | €3,000 | - |
| Tax-exempt reserves132 | - | - | - | €477,585 | - |
| Profit (loss) carried forward14 | -€74,277 | -€93,024 | -€93,024 | -€385,005 | ▼ 314% |
| Provisions and deferred taxes16 | - | - | €159,195 | €159,195 | = |
| Deferred taxes168 | - | - | - | €159,195 | - |
| Amounts payable17/49 | €378,781 | €378,781 | €374,565 | €27,191 | ▼ 92.7% |
| Amounts payable after more than one year17 | €99,256 | €77,909 | €55,088 | - | - |
| Amounts payable within one year42/48 | €300,872 | €319,477 | €319,477 | €27,191 | ▼ 91.5% |
| Trade debts44 | €6,169 | €1,131 | €1,131 | €295 | ▼ 73.9% |
| Suppliers440/4 | - | - | - | €295 | - |
| Other amounts payable47/48 | - | - | - | €26,896 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€23,781 | -€23,781 | €497,350 | -€311,746 | ▼ 163% |
| + Depreciation and write-downs630 | €22,797 | €22,797 | €22,797 | - | - |
| Operating cash flow (approximation) | -€983 | -€983 | €520,147 | -€311,746 | ▼ 160% |
| Investment in fixed assets (approximation) | - | -€6,270 | €0 | €261,582 | - |
| Change in cash | - | -€765 | -€346 | -€806 | ▼ 133% |
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
28-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 25-11-2024
05-02
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 24-01-2024
2022
11-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 72 days late
2021
31-12
Financial
Weakest financial yearnet -€311,746
Net result drops to -€311,746, the lowest in the series.
31-12
Financial
Liquidity times 5current ratio 9.59
Current ratio from 1.83 to 9.59; short-term debt falls from €319,477 to €27,191.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €497,350
Net result €497,350 after 2 loss-making years.
31-12
Financial
Liquidity times 303current ratio 1.83
Current ratio from 0.01 to 1.83.
31-12
Financial
Equity above €200,000Eq €437,326
Equity rises from -€60,024 to €437,326.
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 12 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Show earlier events
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
20-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
23-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
23-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
24-06
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LISA HEUNINCK VIJFSTRATEN 57-59, 9100 SINT-
NIKLAAS |
24-01-2024 → 25-11-2024 |
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2021 list no shareholders, and no other source names one.
Holdings 1
-
40%
According to the 2021 annual accounts of KRIDO and those 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.