KRISTOFF
InactiveKRISTOFF was declared bankrupt on 27-04-2023 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed by liquidation by judgment of 24-12-2024, published in the Belgian State Gazette on 02-01-2025.
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 · 4 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline30-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 26-07-2022, 5 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
5 d early
2020
33 d late
2019
52 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 27 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
€329,269▼ 50.5%
2020 · €664,535
EBIT margin
-3.5%▼ 7.8pp
2020 · 4.4%
Net result
-€11,471
2020 · €15,707
Working capital
€15,413▼ 37.1%
2020 · €24,513
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
Turnover€284,097-€278,828▼ 1.9%€664,535▲ 138%€329,269▼ 50.5%
Operating result€21,824--€19,993€29,038-€11,366
Net result€16,738--€21,230€15,707-€11,471
EBIT margin7.7%--7.2%▼ 14.9pp4.4%▲ 11.5pp-3.5%▼ 7.8pp
Equity€35,338-€14,108▼ 60.1%€43,386▲ 208%€31,916▼ 26.4%
Total assets€66,978-€40,080▼ 40.2%€96,128▲ 140%€98,081▲ 2.0%
Debt€31,640-€25,972▼ 17.9%€52,742▲ 103%€66,166▲ 25.5%
Working capital€31,836-€12,688▼ 60.1%€24,513▲ 93.2%€15,413▼ 37.1%
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 2021: a loss of €11,366 after €29,038 in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €97,231
Fixed assets
€37,903 ▼ 9.9%
Current assets
€59,328 ▲ 11.5%
Equity and liabilities €98,081
Equity
€31,916 ▼ 26.4%
Debt
€66,166 ▲ 25.5%
Debt's share of the balance-sheet total rises from 54.9% to 67.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€432▼
2020 · €37,788
Cash flow
-€537▼
2020 · €24,456
Current ratio
1.35▼
2020 · 1.85
Debt to equity
2.07▲
2020 · 0.53
ROE
-35.9%▼
2020 · 36.2%
ROA
-11.7%▼
2020 · 16.3%
Interest coverage
-0.28
Debt ≤ 1 year
€43,915▲
2020 · €28,679
Debt > 1 year
€15,645▼
2020 · €22,863
Income taxes
-€1,430▼
2020 · €11,468
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 |
|---|---|---|---|---|---|
| Turnover70 | €284,097 | €278,828 | €664,535 | €329,269 | ▼ 50.5% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €328,437 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,787 | €7,626 | €8,749 | €10,933 | ▲ 25.0% |
| Other operating charges640/8 | - | - | - | €1,264 | - |
| Gross operating margin9900 | €26,035 | -€10,025 | €48,836 | €832 | ▼ 98.3% |
| Operating profit (loss)9901 | €21,824 | -€19,993 | €29,038 | -€11,366 | ▼ 139% |
| Financial income75/76B | - | - | - | €15 | - |
| Recurring financial income75 | €25 | €137 | €133 | €15 | ▼ 89.0% |
| Financial charges65/66B | - | - | - | €1,550 | - |
| Recurring financial charges65 | €211 | €332 | €1,996 | €1,550 | ▼ 22.4% |
| Profit (loss) for the period before taxes9903 | €21,638 | -€20,188 | €27,175 | -€12,901 | ▼ 147% |
| Income taxes67/77 | €4,900 | €1,042 | €11,468 | -€1,430 | ▼ 112% |
| Profit (loss) for the period9904 | €16,738 | -€21,230 | €15,707 | -€11,471 | ▼ 173% |
| Profit (loss) for the period to be appropriated9905 | €16,738 | -€21,230 | €15,707 | -€11,471 | ▼ 173% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €66,978 | €40,080 | €96,128 | €98,081 | ▲ 2.0% |
| Formation expenses20 | €1,075 | €882 | €850 | €850 | = |
| Fixed assets21/28 | €4,867 | €12,433 | €42,087 | €37,903 | ▼ 9.9% |
| Tangible fixed assets22/27 | €4,867 | €12,433 | €42,087 | €37,903 | ▼ 9.9% |
| Plant, machinery and equipment23 | - | - | - | €9,225 | - |
| Furniture and vehicles24 | - | - | - | €28,678 | - |
| Current assets29/58 | €61,036 | €26,764 | €53,192 | €59,328 | ▲ 11.5% |
| Amounts receivable within one year40/41 | €54,030 | €17,562 | €43,148 | €32,126 | ▼ 25.5% |
| Trade receivables40 | - | - | - | €22,243 | - |
| Other amounts receivable41 | - | - | - | €9,883 | - |
| Cash at bank and in hand54/58 | €4,686 | €7,514 | €3,932 | €6,268 | ▲ 59.4% |
| Deferred charges and accrued income490/1 | - | - | - | €20,934 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €66,978 | €40,080 | €96,128 | €98,081 | ▲ 2.0% |
| Equity10/15 | €35,338 | €14,108 | €43,386 | €31,916 | ▼ 26.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | - |
| Issued capital100 | - | - | - | €18,600 | - |
| Reserves13 | €1,860 | €1,860 | €24,786 | €24,786 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Legal reserve130 | - | - | - | €1,860 | - |
| Distributable reserves133 | - | - | - | €22,926 | - |
| Profit (loss) carried forward14 | €14,878 | -€6,352 | €0 | -€11,471 | - |
| Amounts payable17/49 | €31,640 | €25,972 | €52,742 | €66,166 | ▲ 25.5% |
| Amounts payable after more than one year17 | - | €11,895 | €22,863 | €15,645 | ▼ 31.6% |
| Financial debts170/4 | - | - | - | €15,645 | - |
| Amounts payable within one year42/48 | €29,200 | €14,077 | €28,679 | €43,915 | ▲ 53.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €9,485 | - |
| Trade debts44 | €21,178 | €376 | €867 | €21,192 | ▲ 2,344% |
| Suppliers440/4 | - | - | - | €21,192 | - |
| Taxes, remuneration and social security45 | - | - | - | €13,237 | - |
| Remuneration and social security454/9 | - | - | - | €13,237 | - |
| Accrued charges and deferred income492/3 | - | - | - | €6,605 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,738 | -€21,230 | €15,707 | -€11,471 | ▼ 173% |
| + Depreciation and write-downs630 | €2,787 | €7,626 | €8,749 | €10,933 | ▲ 25.0% |
| Operating cash flow (approximation) | €19,525 | -€13,604 | €24,456 | -€537 | ▼ 102% |
| Investment in fixed assets (approximation) | - | -€15,193 | -€38,403 | -€6,750 | ▲ 82.4% |
| Change in cash | - | €2,828 | -€3,583 | €2,337 | ▲ 165% |
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
02-01
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 24-12-2024
2023
04-05
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 27-04-2023
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 33 days late
2020
31-12
Financial
Back to profitnet €15,707
Net result €15,707 after one loss-making year.
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 52 days late
2019
31-12
Financial
Weakest financial yearnet -€21,230
Net result drops to -€21,230, the lowest in the series.
02-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 33 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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 | STéPHANE VAN MOORLEGHEM MECHELSE-
STEENWEG 271/8.1, 2018 ANTWERPEN 1 |
27-04-2023 → 24-12-2024 |