LIMO ELEGANCE
InactiveLIMO ELEGANCE was declared bankrupt on 30-01-2024 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 21-01-2025, published in the Belgian State Gazette on 24-01-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-09-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
30-09-2023 close30-04-2024 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-09-2022 was due by 30-04-2023 and was filed on 21-07-2023, 82 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 filed
2024
not filed
2023
not filed
2022
82 d late
2021
3 d early
2020
on the day
2019
15 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€11k▼ 76.0%
2021 · €45k
2018: €-30k
2019: €-30k
2020: €39k
2021: €45k
2018 → 2022
Total assets
€160k▲ 13.1%
2021 · €141k
2018: €191k
2019: €196k
2020: €401k
2021: €141k
2018 → 2022
Net result
€-35k
2021 · €7k
2018: €771
2019: €699
2020: €68k
2021: €7k
2018 → 2022
Working capital
€11k▼ 73.0%
2021 · €40k
2018: €-46k
2019: €-50k
2020: €50k
2021: €40k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€-30k-€-30k▲ 2.3%€39k€45k▲ 17.7%€11k▼ 76.0%
Operating result€-17k-€-3k▲ 82.5%€81k€-25k€-53k▼ 113%
Net result€771-€699▼ 9.3%€68k▲ 9,656%€7k▼ 90.0%€-35k
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 €53k in 2022 against €25k in 2021; the loss grows and 2022 has the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Equity and liabilities €160k
Equity
€11k ▼ 76.0%
Debt
€149k ▲ 55.3%
Debt's share of the balance-sheet total rises from 67.9% to 93.2%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.07▼
2021 · 1.42
Debt to equity
13.68▲
2021 · 2.11
ROE
-317.1%▼
2021 · 15.1%
ROA
-21.6%▼
2021 · 4.8%
Debt ≤ 1 year
€149k▲
2021 · €96k
Staff costs
€8k
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 · 47 lines
Balance sheet
Code20212022
Assets
Total assets20/58€141k€160k▲
Fixed assets21/28€5k-
Tangible fixed assets22/27€5k-
Furniture and vehicles24€5k-
Current assets29/58€136k€160k▲
Stocks and contracts in progress3€35k-
Stocks30/36€35k-
Amounts receivable within one year40/41€100k€158k▲
Trade receivables40€33k€98k▲
Other amounts receivable41€66k€59k▼
Cash at bank and in hand54/58€1k-
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€141k€160k▲
Equity10/15€45k€11k▼
Contributions10/11€54k€54k=
Capital10€54k€54k=
Issued capital100€54k€54k=
Profit (loss) carried forward14€-8k€-43k▼
Amounts payable17/49€96k€149k▲
Amounts payable within one year42/48€96k€149k▲
Current portion of amounts payable after more than one year42€2k-
Financial debts43-€715
Credit institutions430/8-€715
Trade debts44€32k€36k▲
Suppliers440/4€32k€36k▲
Advances received on contracts in progress46-€91k
Taxes, remuneration and social security45€62k€21k▼
Taxes450/3€62k€21k▼
Remuneration and social security454/9-€512
Income statement
Code20212022
Remuneration, social security and pensions62-€8k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€38k
Other operating charges640/8€8k€7k▼
Gross operating margin9900€-11k€-386▲
Operating profit (loss)9901€-25k€-53k▼
Financial income75/76B€41k€22k▼
Recurring financial income75€5k€5k▼
Non-recurring financial income76B€36k€17k▼
Financial charges65/66B€5k€3k▼
Recurring financial charges65€935€716▼
Non-recurring financial charges66B€4k€2k▼
Profit (loss) for the period before taxes9903€11k€-35k▼
Income taxes67/77€4k-
Profit (loss) for the period9904€7k€-35k▼
Profit (loss) for the period to be appropriated9905€7k€-35k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€-43k▼
Profit (loss) brought forward from the previous period14P€-15k€-8k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-01
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · event 21-01-2025
2024
05-02
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 30-01-2024
2023
21-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 82 days late
2022
30-09
Financial
Weakest financial yearnet €-35k
Net result drops to €-35k, the lowest in the series.
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Highest result since 2018net €68k ▲9,656%
Operating result €81k, net result €68k, both a record.
15-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 15 days late
2019
26-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
16-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
09-02
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
30-03
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
30-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 61 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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 | BERT DEHANDSCHUTTER EDMOND TOLLENAERE-
STRAAT 56-76 B23, 1020 BRUSSEL 2- bert.dehandschutter@modo-
law.be |
30-01-2024 → 21-01-2025 |