LE LARRY
Open bankruptcySummary
A bankruptcy procedure is open for LE LARRY according to publications in the Belgian State Gazette. The 2022 annual accounts show negative equity (€-825k) and a net result of €-461k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 06-03-2023, 147 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
147 d early
2021
31 d late
2020
10 d late
2019
19 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, full schema
Turnover
€5.20M▼ 20.4%
2021 · €6.54M
2018: €5.83M
2019: €5.66M
2020: €6.61M
2021: €6.54M
2018 → 2022
EBIT margin
-8.4%▼ 1.5pp
2021 · -6.9%
2018: 2.6%
2019: -2.2%
2020: -0.8%
2021: -6.9%
2018 → 2022
Net result
€-461k▲ 1.7%
2021 · €-469k
2018: €93k
2019: €-123k
2020: €-58k
2021: €-469k
2018 → 2022
Working capital
€-560k▼ 388%
2021 · €-115k
2018: €247k
2019: €26k
2020: €-40k
2021: €-115k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€5.83M-€5.66M▼ 3.0%€6.61M▲ 16.9%€6.54M▼ 1.1%€5.20M▼ 20.4%
Equity€285k-€162k▼ 43.2%€104k▼ 35.6%€-364k€-825k▼ 126%
Operating result€154k-€-123k€-52k▲ 57.6%€-449k▼ 760%€-435k▲ 3.0%
Net result€93k-€-123k€-58k▲ 53.2%€-469k▼ 712%€-461k▲ 1.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €435k in 2022 against €449k in 2021; the loss shrinks.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €1.56M
Fixed assets
€154k ▼ 32.4%
Current assets
€1.40M ▼ 27.4%
Key figures and ratios
EBITDA
€-362k▲
2021 · €-363k
Cash flow
€-387k▼
2021 · €-383k
Solvency
-53.1%▼
2021 · -16.9%
Current ratio
0.71▼
2021 · 0.94
Quick ratio
0.57▼
2021 · 0.82
Debt to equity
-2.88▲
2021 · -6.92
ROA
-29.6%▼
2021 · -21.7%
Interest coverage
-14.34▲
2021 · -23.48
Debt
€2.38M▼
2021 · €2.52M
Debt ≤ 1 year
€1.96M▼
2021 · €2.05M
Debt > 1 year
€400k▼
2021 · €418k
Income taxes
€412▲
2021 · €404
Staff costs
€1.45M▼
2021 · €1.60M
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 · 2022 against 2021 · 76 lines
Balance sheet
Code20212022
Assets
Total assets20/58€2.16M€1.56M▼
Fixed assets21/28€228k€154k▼
Intangible fixed assets21€5k€4k▼
Tangible fixed assets22/27€222k€150k▼
Plant, machinery and equipment23€147k€104k▼
Furniture and vehicles24€4k€3k▼
Leasing and similar rights25€71k€43k▼
Financial fixed assets28€15€15=
Other financial fixed assets284/8€15€15=
Amounts receivable and cash guarantees285/8€15€15=
Current assets29/58€1.93M€1.40M▼
Stocks and contracts in progress3€256k€274k▲
Stocks30/36€256k€274k▲
Raw materials and consumables30/31€217k€229k▲
Finished goods33€39k€46k▲
Amounts receivable within one year40/41€1.53M€1.03M▼
Trade receivables40€1.34M€943k▼
Other amounts receivable41€191k€83k▼
Cash at bank and in hand54/58€139k€101k▼
Deferred charges and accrued income490/1€6k€584▼
Equity and liabilities
Total equity and liabilities10/49€2.16M€1.56M▼
Equity10/15€-364k€-825k▼
Contributions10/11€125k€125k=
Capital10€125k€125k=
Issued capital100€125k€125k=
Reserves13€35k€35k=
Non-distributable reserves130/1€13k€13k=
Legal reserve130€13k€13k=
Distributable reserves133€23k€23k=
Profit (loss) carried forward14€-524k€-985k▼
Amounts payable17/49€2.52M€2.38M▼
Amounts payable after more than one year17€418k€400k▼
Financial debts170/4€418k€400k▼
Leasing and similar obligations172€18k€0▼
Other loans174€400k€400k=
Amounts payable within one year42/48€2.05M€1.96M▼
Current portion of amounts payable after more than one year42€33k€18k▼
Financial debts43€754k€647k▼
Credit institutions430/8€754k€647k▼
Trade debts44€986k€1.02M▲
Suppliers440/4€986k€1.02M▲
Taxes, remuneration and social security45€255k€243k▼
Taxes450/3€37k€37k▼
Remuneration and social security454/9€218k€207k▼
Other amounts payable47/48€18k€35k▲
Accrued charges and deferred income492/3€59k€20k▼
Income statement
Code20212022
Operating income70/76A€6.62M€5.26M▼
Turnover70€6.54M€5.20M▼
Change in stocks of work in progress, finished goods and contracts in progress71€-9k€7k▲
Other operating income74€53k€52k▼
Non-recurring operating income76A€38k€0▼
Operating charges60/66A€7.07M€5.70M▼
Goods for resale, raw materials and consumables60€3.61M€2.77M▼
Purchases600/8€3.58M€2.78M▼
Change in stocks: decrease (increase)609€26k€-11k▼
Services and other goods61€1.78M€1.40M▼
Remuneration, social security and pensions62€1.60M€1.45M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€86k€74k▼
Other operating charges640/8€4k€4k▼
Operating profit (loss)9901€-449k€-435k▲
Financial income75/76B€6k€8k▲
Recurring financial income75€6k€8k▲
Income from current assets751€5k€7k▲
Other financial income752/9€393€889▲
Financial charges65/66B€25k€33k▲
Recurring financial charges65€25k€33k▲
Debt charges650€15k€25k▲
Other financial charges652/9€10k€8k▼
Profit (loss) for the period before taxes9903€-468k€-460k▲
Income taxes67/77€404€412▲
Taxes670/3€404€412▲
Profit (loss) for the period9904€-469k€-461k▲
Profit (loss) for the period to be appropriated9905€-469k€-461k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-524k€-985k▼
Profit (loss) brought forward from the previous period14P€-56k€-524k▼
Social balance
Average headcount (FTE)908735.331.7▼
The notes to these accounts (62 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
20-03
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · LE LARRY NV HAENHOUT- STRAAT 216, 9070 DESTELBERGEN · event 14-03-2023
06-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-469k
Net result drops to €-469k, the lowest in the series.
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 10 days late
2020
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 19 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 21 days late
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
15-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
23-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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
Registered office, Destelbergen · 1 establishment unit since 2003
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.
Haenhoutstraat 2169070 DestelbergenGround area
3,012 m²
Building footprint
1,413 m²
Parcel 44333H0699/00W000, Flanders. Linked by address, not a title deed.
1 establishment unit
Haenhoutstraat 216, 9070 Destelbergen
since 20032.131.564.211
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44333H0699/00W000 | Flanders | 3,012 m² | 1 · 1,413 m² | - |
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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | BENNY GOOSSENS TOLPOORTSTRAAT 145,
9800 DEINZE |
14-03-2023 → present |
| Curator | GEERT DEFREYNE KORT-
RIJKSESTEENWEG 361, 9000 GENT- .
32724 MONITEUR BELGE — 20.03.2023 — BELGISCH STAATSBLAD |
14-03-2023 → present |
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,095 EUR awarded · 2,095 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,095 EUR | 2,095 EUR |
Schemes
Subsidies voor internationaal ondernemen
Recognitions · licences · registrations
Dual-learning approval
3 endedMagazijnmedewerker (so)
Magazijnmedewerker (vwo)
Magazijnmedewerker duaal (so)
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded19-02-2003
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.