Limbouw
Open bankruptcySummary
A bankruptcy procedure is open for Limbouw according to publications in the Belgian State Gazette. The 2021 annual accounts show negative equity (€-118k) and a net result of €-104k.
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 30-08-2022, 30 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
30 d late
2020
163 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€-118k▼ 742%
2020 · €-14k
2018: €63k
2019: €66k▲ +4.8% vs 2018highest in 4 years
2020: €-14k▼ -121% vs 2019
2021: €-118k▼ -742% vs 2020lowest in 4 years
2018 → 2021
Total assets
€66k▼ 63.7%
2020 · €182k
2018: €143k
2019: €367k▲ +156% vs 2018highest in 4 years
2020: €182k▼ -50.4% vs 2019
2021: €66k▼ -63.7% vs 2020lowest in 4 years
2018 → 2021
Net result
€-104k▼ 21.1%
2020 · €-86k
2018: €156
2019: €3k▲ +1830% vs 2018highest in 4 years
2020: €-86k▼ -2944% vs 2019
2021: €-104k▼ -21.1% vs 2020lowest in 4 years
2018 → 2021
Working capital
€-81k▼ 135%
2020 · €-34k
2018: €45k
2019: €53k▲ +18.8% vs 2018highest in 4 years
2020: €-34k▼ -165% vs 2019
2021: €-81k▼ -135% vs 2020lowest in 4 years
2018 → 2021
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€63k-€66k▲ 4.8%€-14k€-118k▼ 742%
2018: €63k
2019: €66k▲ +4.8% vs 2018highest in 4 years
2020: €-14k▼ -121% vs 2019
2021: €-118k▼ -742% vs 2020lowest in 4 years
Operating result€2k-€15k▲ 756%€-75k€-87k▼ 15.6%
2018: €2k
2019: €15k▲ +756% vs 2018highest in 4 years
2020: €-75k▼ -616% vs 2019
2021: €-87k▼ -15.6% vs 2020lowest in 4 years
Net result€156-€3k▲ 1,830%€-86k€-104k▼ 21.1%
2018: €156
2019: €3k▲ +1830% vs 2018highest in 4 years
2020: €-86k▼ -2944% vs 2019
2021: €-104k▼ -21.1% vs 2020lowest in 4 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €87k in 2021 against €75k in 2020; the loss grows and 2021 has the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €66k
Fixed assets
€22k ▼ 72.2%
Current assets
€44k ▼ 57.0%
Key figures and ratios
EBITDA
€-75k▼
2020 · €-47k
Cash flow
€-92k▼
2020 · €-58k
Solvency
-178.2%▼
2020 · -7.7%
Current ratio
0.35▼
2020 · 0.75
Debt to equity
-1.56▲
2020 · -4.28
ROA
-157.0%▼
2020 · -47.1%
Interest coverage
-5.71
Debt
€184k▼
2020 · €196k
Debt ≤ 1 year
€125k▼
2020 · €136k
Debt > 1 year
€59k▼
2020 · €60k
Income taxes
€4k▲
2020 · €2k
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 · 50 lines
Balance sheet
Code20202021
Assets
Total assets20/58€182k€66k▼
Fixed assets21/28€80k€22k▼
Tangible fixed assets22/27€80k€22k▼
Plant, machinery and equipment23-€1k
Furniture and vehicles24-€384
Leasing and similar rights25-€20k
Financial fixed assets28€350€350=
Current assets29/58€102k€44k▼
Stocks and contracts in progress3€485-
Amounts receivable within one year40/41€84k€7k▼
Trade receivables40-€6k
Other amounts receivable41-€1k
Cash at bank and in hand54/58€16k€37k▲
Equity and liabilities
Total equity and liabilities10/49€182k€66k▼
Equity10/15€-14k€-118k▼
Contributions10/11€8k€8k=
Capital10-€8k
Issued capital100-€19k
Uncalled capital101-€11k
Reserves13€64k€2k▼
Non-distributable reserves130/1-€2k
Legal reserve130-€2k
Profit (loss) carried forward14€-86k€-128k▼
Amounts payable17/49€196k€184k▼
Amounts payable after more than one year17€60k€59k▼
Financial debts170/4-€59k
Amounts payable within one year42/48€136k€125k▼
Current portion of amounts payable after more than one year42-€19k
Financial debts43-€74k
Credit institutions430/8-€74k
Trade debts44€21k€2k▼
Suppliers440/4-€2k
Taxes, remuneration and social security45-€14k
Taxes450/3-€14k
Other amounts payable47/48-€16k
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€12k▼
Other operating charges640/8-€6k
Non-recurring operating charges66A-€14k
Gross operating margin9900€-36k€-55k▼
Operating profit (loss)9901€-75k€-87k▼
Recurring financial income75€2k-
Financial charges65/66B-€13k
Recurring financial charges65€11k€13k▲
Profit (loss) for the period before taxes9903€-84k€-100k▼
Income taxes67/77€2k€4k▲
Profit (loss) for the period9904€-86k€-104k▼
Profit (loss) for the period to be appropriated9905€-86k€-104k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-189k
Profit (loss) brought forward from the previous period14P-€-86k
Transfer from equity791/2-€62k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €31k | €28k | €12k | ▼ 58.2% |
| Other operating charges640/8 | - | - | - | €6k | - |
| Non-recurring operating charges66A | - | - | - | €14k | - |
| Gross operating margin9900 | €13k | €65k | €-36k | €-55k | ▼ 52.2% |
| Operating profit (loss)9901 | €2k | €15k | €-75k | €-87k | ▼ 15.6% |
| Recurring financial income75 | €183 | €57 | €2k | - | - |
| Financial charges65/66B | - | - | - | €13k | - |
| Recurring financial charges65 | €322 | €4k | €11k | €13k | ▲ 18.8% |
| Profit (loss) for the period before taxes9903 | €2k | €11k | €-84k | €-100k | ▼ 19.0% |
| Income taxes67/77 | €1k | €8k | €2k | €4k | ▲ 137% |
| Profit (loss) for the period9904 | €156 | €3k | €-86k | €-104k | ▼ 21.1% |
| Profit (loss) for the period to be appropriated9905 | €156 | €3k | €-86k | €-104k | ▼ 21.1% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €143k | €367k | €182k | €66k | ▼ 63.7% |
| Formation expenses20 | €0 | - | - | - | - |
| Fixed assets21/28 | €18k | €108k | €80k | €22k | ▼ 72.2% |
| Intangible fixed assets21 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €18k | €108k | €80k | €22k | ▼ 72.5% |
| Plant, machinery and equipment23 | - | - | - | €1k | - |
| Furniture and vehicles24 | - | - | - | €384 | - |
| Leasing and similar rights25 | - | - | - | €20k | - |
| Financial fixed assets28 | €350 | €350 | €350 | €350 | = |
| Current assets29/58 | €125k | €259k | €102k | €44k | ▼ 57.0% |
| Stocks and contracts in progress3 | €3k | €485 | €485 | - | - |
| Amounts receivable within one year40/41 | €90k | €251k | €84k | €7k | ▼ 91.7% |
| Trade receivables40 | - | - | - | €6k | - |
| Other amounts receivable41 | - | - | - | €1k | - |
| Current investments50/53 | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €21k | €5k | €16k | €37k | ▲ 130% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €143k | €367k | €182k | €66k | ▼ 63.7% |
| Equity10/15 | €63k | €66k | €-14k | €-118k | ▼ 742% |
| Contributions10/11 | €8k | €8k | €8k | €8k | = |
| Capital10 | - | - | - | €8k | - |
| Issued capital100 | - | - | - | €19k | - |
| Uncalled capital101 | - | - | - | €11k | - |
| Reserves13 | €55k | €58k | €64k | €2k | ▼ 97.1% |
| Non-distributable reserves130/1 | - | - | - | €2k | - |
| Legal reserve130 | - | - | - | €2k | - |
| Profit (loss) carried forward14 | €0 | - | €-86k | €-128k | ▼ 48.8% |
| Provisions and deferred taxes16 | €0 | - | - | - | - |
| Amounts payable17/49 | €80k | €301k | €196k | €184k | ▼ 6.2% |
| Amounts payable after more than one year17 | €0 | €90k | €60k | €59k | ▼ 1.1% |
| Financial debts170/4 | - | - | - | €59k | - |
| Amounts payable within one year42/48 | €80k | €205k | €136k | €125k | ▼ 8.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €19k | - |
| Financial debts43 | - | - | - | €74k | - |
| Credit institutions430/8 | - | - | - | €74k | - |
| Trade debts44 | €55k | €100k | €21k | €2k | ▼ 92.8% |
| Suppliers440/4 | - | - | - | €2k | - |
| Taxes, remuneration and social security45 | - | - | - | €14k | - |
| Taxes450/3 | - | - | - | €14k | - |
| Other amounts payable47/48 | - | - | - | €16k | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €156 | €3k | €-86k | €-104k | ▼ 21.1% |
| + Depreciation and write-downs630 | €7k | €31k | €28k | €12k | ▼ 58.2% |
| Operating cash flow (approximation) | €7k | €34k | €-58k | €-92k | ▼ 59.9% |
| Investment in fixed assets (approximation) | - | €-121k | €0 | €46k | - |
| Change in cash | - | €-16k | €11k | €21k | ▲ 91.7% |
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
2023
27-03
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · event 21-03-2023
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
10-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 163 days late
2021
31-12
Financial
Weakest financial yearnet €-104k
Net result drops to €-104k, the lowest in the series.
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
31-12
Financial
Highest result since 2018net €3k ▲1,830%
Operating result €15k, net result €3k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
26-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 87 days late
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 304 days late
2017
09-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 162 days late
09-01
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 528 days late
2014
21-11
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 113 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Genk · 1 establishment unit since 2013
Ground area
1.1 ha
Building footprint
4,222 m²
Volume, LiDAR
17,805 m³
2 parcels, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Limbouw
since 20132.217.821.658
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71352C0650/00X002 | Flanders | 7,434 m² | 1 · 2,995 m² | 8.1 m · 2 fl. |
| 71308A0818/00E287 | Flanders | 3,145 m² | 1 · 1,226 m² | 0.9 m |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 | ELISABETH VANBERGEN ROMBOUTSTRAAT 8C,
3740 BILZEN |
21-03-2023 → present |
| Curator | GERRY BANKEN GROTESTRAAT 122, 3600 GENK |
21-03-2023 → present |
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 8,745 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-03-2013
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
Scores and ratios are computed by Checked and are not a credit decision.