LABAB
InactiveLABAB was declared bankrupt on 28-03-2022 (Tribunal de l’entreprise de Liège, division Liège); the bankruptcy was closed for insufficient assets by judgment of 11-06-2024, published in the Belgian State Gazette on 17-06-2024.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three 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 · 5 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline26-09-2026 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 30-09-2021, 61 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
61 d late
2019
88 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 75 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 2020, micro schema
Turnover
€0▼ 100%
2019 · €289,779
EBIT margin
1.3%
Net result
-€21,004
2019 · €1,008
Working capital
-€23,187▼ 440%
2019 · -€4,292
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
Line201820192020
Turnover€289,779€0▼ 100%
Operating result€6,066-€3,638▼ 40.0%-€18,382
Net result€2,872-€1,008▼ 64.9%-€21,004
EBIT margin1.3%
Equity€9,248-€22,257▲ 141%€1,253▼ 94.4%
Total assets€118,600-€109,055▼ 8.0%€93,178▼ 14.6%
Debt€109,352-€86,798▼ 20.6%€91,925▲ 5.9%
Working capital-€23,679--€4,292▲ 81.9%-€23,187▼ 440%
Staff (FTE)0.8-2.6▲ 225%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €18,382 after €3,638 in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €93,178
Fixed assets
€24,779 ▼ 7.4%
Current assets
€68,399 ▼ 16.7%
Equity and liabilities €93,178
Equity
€1,253 ▼ 94.4%
Debt
€91,925 ▲ 5.9%
Debt's share of the balance-sheet total rises from 79.6% to 98.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€7,091▼
2019 · €13,860
Cash flow
-€9,713▼
2019 · €11,231
Current ratio
0.75▼
2019 · 0.95
Quick ratio
0.67▼
2019 · 0.82
ROA
-22.5%▼
2019 · 0.9%
Debt ≤ 1 year
€91,587▲
2019 · €86,356
Income taxes
-€203▼
2019 · €950
A ratio outside any meaningful range has been withheld (balance sheet total €93,178, equity €1,253).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Turnover70 | - | €289,779 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,478 | €10,222 | €11,291 | ▲ 10.5% |
| Gross operating margin9900 | €37,602 | €98,316 | €27,267 | ▼ 72.3% |
| Operating profit (loss)9901 | €6,066 | €3,638 | -€18,382 | ▼ 605% |
| Recurring financial charges65 | €1,744 | €1,679 | €2,825 | ▲ 68.2% |
| Profit (loss) for the period before taxes9903 | €4,322 | €1,958 | -€21,207 | ▼ 1,183% |
| Income taxes67/77 | €1,450 | €950 | -€203 | ▼ 121% |
| Profit (loss) for the period9904 | €2,872 | €1,008 | -€21,004 | ▼ 2,183% |
| Profit (loss) for the period to be appropriated9905 | €2,872 | €1,008 | -€21,004 | ▼ 2,183% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €118,600 | €109,055 | €93,178 | ▼ 14.6% |
| Formation expenses20 | €498 | €238 | €0 | ▼ 100% |
| Fixed assets21/28 | €33,350 | €26,753 | €24,779 | ▼ 7.4% |
| Intangible fixed assets21 | €20,000 | €15,000 | €10,000 | ▼ 33.3% |
| Tangible fixed assets22/27 | €12,000 | €10,403 | €13,429 | ▲ 29.1% |
| Financial fixed assets28 | €1,350 | €1,350 | €1,350 | = |
| Current assets29/58 | €84,752 | €82,064 | €68,399 | ▼ 16.7% |
| Stocks and contracts in progress3 | €15,655 | €11,421 | €7,469 | ▼ 34.6% |
| Amounts receivable within one year40/41 | €39,228 | €26,710 | €42,170 | ▲ 57.9% |
| Cash at bank and in hand54/58 | €29,820 | €42,993 | €18,710 | ▼ 56.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €118,600 | €109,055 | €93,178 | ▼ 14.6% |
| Equity10/15 | €9,248 | €22,257 | €1,253 | ▼ 94.4% |
| Contributions10/11 | €6,386 | €18,386 | - | - |
| Reserves13 | €286 | €286 | €286 | = |
| Profit (loss) carried forward14 | €2,576 | €3,585 | -€17,419 | ▼ 586% |
| Amounts payable17/49 | €109,352 | €86,798 | €91,925 | ▲ 5.9% |
| Amounts payable within one year42/48 | €108,431 | €86,356 | €91,587 | ▲ 6.1% |
| Trade debts44 | €81,465 | €61,056 | €73,094 | ▲ 19.7% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,872 | €1,008 | -€21,004 | ▼ 2,183% |
| + Depreciation and write-downs630 | €9,478 | €10,222 | €11,291 | ▲ 10.5% |
| Operating cash flow (approximation) | €12,350 | €11,231 | -€9,713 | ▼ 186% |
| Investment in fixed assets (approximation) | - | -€3,625 | -€9,316 | ▼ 157% |
| Change in cash | - | €13,173 | -€24,283 | ▼ 284% |
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
17-06
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise de Liège, division Liège · event 11-06-2024
2022
01-04
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 28-03-2022
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Weakest financial yearnet -€21,004
Net result drops to -€21,004, the lowest in the series.
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 88 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
10-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 41 days late
23-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 266 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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 | XAVIER CHARLES RUE COURTOIS 20, 4000 LIEGE 1- |
28-03-2022 → 11-06-2024 |