LA CITA
InactiveLA CITA was declared bankrupt on 08-11-2021 (Ondernemingsrechtbank Antwerpen, afdeling Mechelen); the bankruptcy was closed by liquidation by judgment of 27-11-2023, published in the Belgian State Gazette on 01-12-2023.
No longer registered with the KBO; last annual accounts for fiscal year 2020.
Signals
Four signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline23-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 26-08-2021, 26 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
not filed
2020
26 d late
2019
119 d late
← before the deadline
after the deadline →
Financials · fiscal year 2020, abbreviated schema
Equity
€176k▼ 23.3%
2019 · €230k
2018: €226k
2019: €230k
2018 → 2020
Total assets
€583k▲ 12.8%
2019 · €517k
2018: €676k
2019: €517k
2018 → 2020
Net result
€-54k
2019 · €4k
2018: €91k
2019: €4k
2018 → 2020
Working capital
€-77k▼ 322%
2019 · €-18k
2018: €-1k
2019: €-18k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€226k-€230k▲ 1.8%€176k▼ 23.3%
Operating result€154k-€39k▼ 74.5%€-40k
Net result€91k-€4k▼ 95.5%€-54k
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 2020: a loss of €40k after €39k in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €583k
Fixed assets
€326k▼ 6.7%
Current assets
€257k▲ 53.3%
Equity and liabilities €583k
Equity
€176k▼ 23.3%
Debt
€407k▲ 41.6%
The debt ratio rises from 55.6% to 69.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€47k▼
2019 · €133k
Cash flow
€34k▼
2019 · €98k
Solvency
30.2%▼
2019 · 44.4%
Current ratio
0.77▼
2019 · 0.90
Quick ratio
0.63▼
2019 · 0.65
Debt / equity
0.42▼
2019 · 0.44
ROE
-30.4%▼
2019 · 1.8%
ROA
-9.2%▼
2019 · 0.8%
Debt
€407k▲
2019 · €287k
Debt ≤ 1 year
€334k▲
2019 · €186k
Debt > 1 year
€73k▼
2019 · €102k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€517k€583k▲
Fixed assets21/28€350k€326k▼
Tangible fixed assets22/27€350k€318k▼
Financial fixed assets28-€8k
Current assets29/58€167k€257k▲
Stocks and contracts in progress3€47k€47k=
Amounts receivable within one year40/41€118k€168k▲
Cash at bank and in hand54/58€3k€42k▲
Equity and liabilities
Total equity and liabilities10/49€517k€583k▲
Equity10/15€230k€176k▼
Contributions10/11€6k-
Reserves13€224k€170k▼
Amounts payable17/49€287k€407k▲
Amounts payable after more than one year17€102k€73k▼
Amounts payable within one year42/48€186k€334k▲
Trade debts44€8k€63k▲
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€94k€87k▼
Gross operating margin9900€396k€178k▼
Operating profit (loss)9901€39k€-40k▼
Recurring financial income75€37-
Recurring financial charges65€27k€14k▼
Profit (loss) for the period before taxes9903€12k€-54k▼
Income taxes67/77€8k-
Profit (loss) for the period9904€4k€-54k▼
Profit (loss) for the period to be appropriated9905€4k€-54k▼
Timeline · acts, filings and financial milestones
2023
01-12
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · LA CITA BVBA BERG- STRAAT 125, 2220 HEIST-OP-DEN-BERG · event 27-11-2023
2021
17-11
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · LA CITA BVBA BERG- STRAAT 125, 2220 HEIST-OP-DEN-BERG · event 08-11-2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
31-12
Financial
Weakest financial yearnet €-54k ▼1412%
Net result drops to €-54k, the lowest in the series.
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 119 days late
2019
14-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 75 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
01-02
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 185 days late
2015
31-10
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 92 days late
2014
24-10
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 85 days late
2013
09-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 9 days late
2012
28-09
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 59 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ANNELIES HELLEMANS NEETWEG 24, 2220 HEIST-OP-
DEN-BERG |
08-11-2021 → present |