LA BAGUETTE MAGIQUE
Open bankruptcyA bankruptcy procedure is open for LA BAGUETTE MAGIQUE according to publications in the Belgian State Gazette; curator: ILSE MERTENS.
Summary
The 2021 annual accounts show negative equity (€-111k) and a net result of €11k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 26-09-2022, 57 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
57 d late
2020
60 d late
2019
96 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, abbreviated schema
Equity
€-111k▲ 9.2%
2020 · €-123k
2018: €-60k
2019: €-115k
2020: €-123k
2018 → 2021
Total assets
€27k▼ 16.3%
2020 · €33k
2018: €45k
2019: €34k
2020: €33k
2018 → 2021
Net result
€11k
2020 · €-8k
2018: €24k
2019: €-55k
2020: €-8k
2018 → 2021
Working capital
€-127k▼ 5.2%
2020 · €-121k
2018: €-68k
2019: €-118k
2020: €-121k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€-60k-€-115k▼ 90.9%€-123k▼ 7.0%€-111k▲ 9.2%
Operating result€28k-€-50k€-4k▲ 91.9%€16k
Net result€24k-€-55k€-8k▲ 85.3%€11k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €16k after a loss of €4k in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €27k
Fixed assets
€15k ▼ 18.2%
Current assets
€12k ▼ 13.7%
Key figures and ratios
EBITDA
€21k▲
2020 · €2k
Cash flow
€16k▲
2020 · €-2k
Solvency
-408.8%▼
2020 · -376.8%
Current ratio
0.09▼
2020 · 0.10
Quick ratio
0.01▼
2020 · 0.01
Debt to equity
-1.24▼
2020 · -0.17
ROA
41.4%▲
2020 · -24.7%
Interest coverage
4.21
Debt
€139k▼
2020 · €155k
Debt ≤ 1 year
€139k▲
2020 · €134k
Staff costs
€120k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 42 lines
Balance sheet
Code20202021
Assets
Total assets20/58€33k€27k▼
Fixed assets21/28€19k€15k▼
Tangible fixed assets22/27€19k€15k▼
Plant, machinery and equipment23-€2k
Other tangible fixed assets26-€14k
Current assets29/58€14k€12k▼
Stocks and contracts in progress3€13k€11k▼
Stocks30/36-€11k
Amounts receivable within one year40/41€821€821=
Other amounts receivable41-€821
Equity and liabilities
Total equity and liabilities10/49€33k€27k▼
Equity10/15€-123k€-111k▲
Contributions10/11€19k€19k=
Capital10-€19k
Issued capital100-€19k
Reserves13€22k€2k▼
Non-distributable reserves130/1-€2k
Legal reserve130-€2k
Profit (loss) carried forward14€-163k€-132k▲
Amounts payable17/49€155k€139k▼
Amounts payable after more than one year17€21k-
Amounts payable within one year42/48€134k€139k▲
Current portion of amounts payable after more than one year42-€216
Trade debts44€61k€62k▲
Suppliers440/4-€62k
Taxes, remuneration and social security45-€44k
Taxes450/3-€13k
Remuneration and social security454/9-€31k
Other amounts payable47/48-€33k
Income statement
Code20202021
Remuneration, social security and pensions62-€120k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€5k▼
Other operating charges640/8-€2k
Gross operating margin9900€82k€143k▲
Operating profit (loss)9901€-4k€16k▲
Financial charges65/66B-€5k
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€-8k€11k▲
Profit (loss) for the period9904€-8k€11k▲
Profit (loss) for the period to be appropriated9905€-8k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-132k
Profit (loss) brought forward from the previous period14P-€-143k
Social balance
Average headcount (FTE)9087-2.3
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
24-07
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · LA BAGUETTE MAGIQUE BVBA ANTWERPSESTEENWEG 39/62, 2950 KAPELLEN (ANTW.) · event 13-07-2023
2022
26-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 57 days late
2021
31-12
Financial
Back to profitnet €11k
Net result €11k after 2 loss-making years.
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 60 days late
2020
04-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 96 days late
2019
31-12
Financial
Weakest financial yearnet €-55k ▼326%
Net result drops to €-55k, the lowest in the series.
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 92 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 59 days late
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 122 days late
2016
08-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
20-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
20-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
30-07
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
Registered office, Kapellen · 1 establishment unit since 1996
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.
Antwerpsesteenweg 392950 KapellenGround area
1.8 ha
Building footprint
1.8 ha
Volume, LiDAR
104,381 m³
Parcel 11902G0016/00V011, Flanders · tallest building 15.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Antwerpsesteenweg 39, 2950 Kapellen
since 19962.077.561.044
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11902G0016/00V011 | Flanders | 1.8 ha | 1 · 1.8 ha | 15.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ILSE MERTENS LEON STIJNENSTRAAT 70,
2000 ANTWERPEN 1 |
13-07-2023 → present |
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Of 21,888 companies in sector 56112 we hold annual accounts for 9,780. 6,162 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded18-07-1996
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
56111Full-service restaurants
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.