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L.A.D.

Inactive
KBO/BCE: BE 0464.863.095

L.A.D. was declared bankrupt on 27-10-2014 (Tribunal de commerce francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 30-06-2015, published in the Belgian State Gazette on 22-07-2015.

Summary

Inactive; last annual accounts for fiscal year 2010.

Signals

Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Belgian State Gazette
neutral · No filing for years
The last filed financial year closed on 31-12-2010. Since then, 15 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filings
Position against the passed deadline
31-12-2011 close31-07-2012 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2010 was due by 31-07-2011 and was filed on 24-06-2011, 37 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline after the deadline →
tick = median of all Belgian filings

The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · 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

History

Total assets fell from EUR 37,823 in 2006 to EUR 21,636 in 2010.1 On 27 October 2014 L.A.D. was declared bankrupt; the bankruptcy was closed on 30 June 2015.23

  1. 1National Bank, annual accounts 2006 and 2010
  2. 2Belgian State Gazette, 13-11-2014
  3. 3Belgian State Gazette, 22-07-2015

Financials · fiscal year 2010, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€1,375▼ 71.0%
2009 · -€804
Working capital
€22,928▼ 3.0%
2008 · €23,647
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
Line20062007200820092010
Operating result€990--€6,943€2,139-€798-€1,273▼ 59.5%
Net result-€1,383--€7,018▼ 407%€5,565-€804-€1,375▼ 71.0%
Equity€25,269-€18,250▼ 27.8%€23,815▲ 30.5%€23,011▼ 3.4%€21,636▼ 6.0%
Total assets€37,823-€19,802▼ 47.6%€25,881▲ 30.7%€25,077▼ 3.1%€21,636▼ 13.7%
Debt€12,554-€1,552▼ 87.6%€2,066▲ 33.1%€2,066=
Working capital€20,556-€17,195▼ 16.4%€23,647▲ 37.5%€22,928▼ 3.0%
Result per fiscal year
Operating resultNet result
-€10,000-€5,000€0€5,000Operating result 2006: €990€990Net result 2006: -€1,383-€1,383Operating result 2007: -€6,943-€6,943Net result 2007: -€7,018-€7,018Operating result 2008: €2,139€2,139Net result 2008: €5,565€5,565Operating result 2009: -€798-€798Net result 2009: -€804-€804Operating result 2010: -€1,273-€1,273Net result 2010: -€1,375-€1,37520062007200820092010-€2,000€0€2,000€4,000€6,000Operating result 2008: €2,139€2,140Net result 2008: €5,565€5,560Operating result 2009: -€798-€798Net result 2009: -€804-€804Operating result 2010: -€1,273-€1,270Net result 2010: -€1,375-€1,370200820092010
The operating result stays negative: a loss of €1,273 in 2010 against €798 in 2009; the loss grows.
Key figures and ratios
2010 value · change against 2009
Solvency
100.0%▲
2009 · 91.8%
ROE
-6.4%▼
2009 · -3.5%
ROA
-6.4%▼
2009 · -3.2%
Income taxes
-€1▼
2009 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2010 against 2009 · 22 lines
Balance sheet Code20092010
Assets
Total assets20/58€25,077€21,636▼
Fixed assets21/28€84-
Tangible fixed assets22/27€84-
Current assets29/58€24,993€21,636▼
Amounts receivable within one year40/41€484€20,001▲
Cash at bank and in hand54/58€24,509€1,635▼
Equity and liabilities
Total equity and liabilities10/49€25,077€21,636▼
Equity10/15€23,011€21,636▼
Contributions10/11€6,205€6,205=
Reserves13€20,447€20,447=
Profit (loss) carried forward14-€3,641-€5,016▼
Amounts payable17/49€2,066-
Amounts payable within one year42/48€2,066-
Income statement Code20092010
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€84-
Gross operating margin9900-€141-€926▼
Operating profit (loss)9901-€798-€1,273▼
Recurring financial income75€56€43▼
Recurring financial charges65€61€81▲
Profit (loss) for the period before taxes9903-€803-€1,376▼
Income taxes67/77€0-€1▼
Profit (loss) for the period9904-€804-€1,375▼
Profit (loss) for the period to be appropriated9905-€804-€1,375▼
Line20062007200820092010Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,692€2,489€515€84--
Gross operating margin9900€4,771-€3,054€3,117-€141-€926▼ 558%
Operating profit (loss)9901€990-€6,943€2,139-€798-€1,273▼ 59.5%
Recurring financial income75€12€56€49€56€43▼ 23.0%
Recurring financial charges65€474€123€88€61€81▲ 31.6%
Profit (loss) for the period before taxes9903€527-€7,010€5,572-€803-€1,376▼ 71.3%
Income taxes67/77€1,911€8€7€0-€1▼ 296%
Profit (loss) for the period9904-€1,383-€7,018€5,565-€804-€1,375▼ 71.0%
Profit (loss) for the period to be appropriated9905-€1,383-€7,018€5,565-€804-€1,375▼ 71.0%
Line20062007200820092010Change
Assets
Total assets20/58€37,823€19,802€25,881€25,077€21,636▼ 13.7%
Fixed assets21/28€4,712€2,223€168€84--
Tangible fixed assets22/27€4,712€2,223€168€84--
Current assets29/58€33,111€17,579€25,713€24,993€21,636▼ 13.4%
Amounts receivable within one year40/41€8,228€652€484€484€20,001▲ 4,032%
Cash at bank and in hand54/58€24,883€16,927€25,229€24,509€1,635▼ 93.3%
Equity and liabilities
Total equity and liabilities10/49€37,823€19,802€25,881€25,077€21,636▼ 13.7%
Equity10/15€25,269€18,250€23,815€23,011€21,636▼ 6.0%
Contributions10/11€6,205€6,205€6,205€6,205€6,205=
Reserves13€20,447€20,447€20,447€20,447€20,447=
Profit (loss) carried forward14-€1,383-€8,402-€2,837-€3,641-€5,016▼ 37.8%
Amounts payable17/49€12,554€1,552€2,066€2,066--
Amounts payable within one year42/48€12,554€384€2,066€2,066--
Trade debts44€4,629€23----
Line20062007200820092010Change
Profit (loss) for the period9904-€1,383-€7,018€5,565-€804-€1,375▼ 71.0%
+ Depreciation and write-downs630€2,692€2,489€515€84--
Operating cash flow (approximation)€1,309-€4,529€6,080-€720-€1,375▼ 91.0%
Investment in fixed assets (approximation)-€0€1,541-€0--
Change in cash--€7,956€8,303-€720-€22,874▼ 3,077%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2015
22-07
Bankruptcy Bankruptcy closure (insufficient assets)
Tribunal de commerce francophone de Bruxelles · event 30-06-2015
2014
13-11
Bankruptcy Opening
Tribunal de commerce francophone de Bruxelles · event 27-10-2014
2011
24-06
NBB filing Annual accounts filed
fiscal year 2010 · full schema
2010
02-07
NBB filing Annual accounts filed
fiscal year 2009 · abbreviated schema
2009
30-06
NBB filing Annual accounts filed
fiscal year 2008 · abbreviated schema
2008
31-12
Financial Back to profitnet €5,565
Net result €5,565 after 2 loss-making years.
30-06
NBB filing Annual accounts filed
fiscal year 2007 · abbreviated schema
2007
31-12
Financial Weakest financial yearnet -€7,018
Net result drops to -€7,018, the lowest in the series.
31-12
Financial Liquidity times 17current ratio 45.78
Current ratio from 2.64 to 45.78; short-term debt falls from €12,554 to €384.
13-06
NBB filing Annual accounts filed
fiscal year 2006 · abbreviated schema
2006
27-06
NBB filing Annual accounts filed
fiscal year 2005 · abbreviated schema
2005
16-06
NBB filing Annual accounts filed
fiscal year 2004 · abbreviated schema
Show earlier events
2004
30-06
NBB filing Annual accounts filed
fiscal year 2003 · abbreviated schema
2003
04-07
NBB filing Annual accounts filed
fiscal year 2002 · abbreviated schema
2002
21-06
NBB filing Annual accounts filed
fiscal year 2001 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 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
5 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 Me F. HANSSENS-ENSCH
1050 BRUXELLES, avenue Louise 349/17
27-10-2014 → 30-06-2015