LIO
InactiveLIO was declared bankrupt on 02-07-2019 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 05-04-2022, published in the Belgian Official Gazette on 12-04-2022.
Summary
Inactive; last annual accounts for financial year 2017.
Overview
Activity
Activity not known
Size
≈ €210,000turnover 2017, estimated
- Equity
- €32,375
- Profit
- €19,676
Turnover estimated from the gross margin
Financial health
Inactive: no score
Structure
1 deed in the Belgian Official Gazette
Signalsraises risk2017 accounts filed 30 days lateneutralPrior bankruptcyNo filing for yearsShow the evidence
Signals
Three signals.
raises riskneutral
neutral · No filing for years
The last filed financial year closed on 31-12-2017. Since then, 8 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 5 filingsPosition against the passed deadline
31-12-2018 year end31-07-2019 deadline28-10-2026 today
raises risk · 2017 accounts filed 30 days late
The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 30-08-2018, 30 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 5 filingsDeviation from the deadline
2017
30 days late
2016
11 days early
2015
31 days late
2014
31 days late
2013
41 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 8 days after the deadline; the Belgian median for financial year 2017 is 4 days before the deadline, and 41% of all filings were late.
Searched, nothing found (1)
- Bankruptcy closure (insufficient assets)Enterprise Court of Antwerp, Antwerp…
- OpeningEnterprise Court of Antwerp, Antwerp…
- Annual accounts filedfinancial year 2017 · abbreviated…
Financials · financial year 2017, abbreviated format
2017 annual accounts filed late (30 days) Filed on 30 August 2018, deadline 31 July 2018 (7 months after the close on 31 December 2017, Companies Code art. 3:10). Source: NBB, 2018-53100112.
Turnover
≈ €210,000
Estimated: probably between €130,000 and €410,000
Total assets
€729,928▲ 4.6%
2016 · €697,872
Net result
€19,676
2016 · -€34,943
Working capital
-€100,286▼ 3.6%
2016 · -€96,828
Trend over the years
2013 to 2017, 5 financial years
The operating result returns to profit in 2017: €45,455 after a loss of €33,107 in 2016.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€45,455
2017
Net result€19,676
2017
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€729,928
2017
Equity€32,375
2017
Debt€697,553
2017
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€100,286
2017
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20132014201520162017
Operating result€59,056--€21,465-€226▲ 98.9%-€33,107▼ 14,542%€45,455
Net result€53,847--€16,140-€2,465▲ 84.7%-€34,943▼ 1,318%€19,676
Equity€66,247-€50,106▼ 24.4%€47,642▼ 4.9%€12,699▼ 73.3%€32,375▲ 155%
Total assets€243,345-€791,600▲ 225%€725,865▼ 8.3%€697,872▼ 3.9%€729,928▲ 4.6%
Debt€177,098-€741,493▲ 319%€678,223▼ 8.5%€685,173▲ 1.0%€697,553▲ 1.8%
Working capital€39,094--€24,475-€45,263▼ 84.9%-€96,828▼ 114%-€100,286▼ 3.6%
Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €729,928
Fixed assets
€679,148 ▲ 1.6%
Current assets
€50,780 ▲ 73.5%
Equity and liabilities €729,928
Equity
€32,375 ▲ 155%
Debt
€697,553 ▲ 1.8%
Debt's share of the balance-sheet total falls from 98.2% to 95.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€71,058▲
2016 · -€8,131
Cash flow
€45,278▲
2016 · -€9,967
Current ratio
0.34▲
2016 · 0.23
Debt to equity
16.88▼
2016 · 43.97
ROE
60.8%▲
2016 · -275.2%
ROA
2.7%▲
2016 · -5.0%
Debt ≤ 1 year
€151,066▲
2016 · €126,094
Debt > 1 year
€546,487▼
2016 · €558,427
Income taxes
€500▲
2016 · €158
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,982 | €50,454 | €24,944 | €24,976 | €25,602 | ▲ 2.5% |
| Gross operating margin9900 | €65,706 | €29,830 | €28,108 | -€4,000 | €76,288 | - |
| Operating profit (loss)9901 | €59,056 | -€21,465 | -€226 | -€33,107 | €45,455 | - |
| Recurring financial income75 | €17,468 | €28,669 | €32,387 | €23,815 | €225 | ▼ 99.1% |
| Recurring financial charges65 | €2,890 | €23,180 | €26,469 | €25,493 | €25,505 | = |
| Profit (loss) for the period before taxes9903 | €73,635 | -€15,976 | €5,692 | -€34,785 | €20,176 | - |
| Income taxes67/77 | €19,788 | €164 | €8,157 | €158 | €500 | ▲ 217% |
| Profit (loss) for the period9904 | €53,847 | -€16,140 | -€2,465 | -€34,943 | €19,676 | - |
| Profit (loss) for the period to be appropriated9905 | €35,097 | -€16,140 | €16,285 | -€34,943 | €19,676 | - |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €243,345 | €791,600 | €725,865 | €697,872 | €729,928 | ▲ 4.6% |
| Fixed assets21/28 | €138,654 | €718,526 | €693,582 | €668,606 | €679,148 | ▲ 1.6% |
| Tangible fixed assets22/27 | €10,654 | €590,526 | €565,582 | €540,606 | €551,148 | ▲ 2.0% |
| Financial fixed assets28 | €128,000 | €128,000 | €128,000 | €128,000 | €128,000 | = |
| Current assets29/58 | €104,691 | €73,074 | €32,284 | €29,266 | €50,780 | ▲ 73.5% |
| Amounts receivable within one year40/41 | €83,568 | €55,964 | €11,037 | €19,965 | €42,497 | ▲ 113% |
| Cash at bank and in hand54/58 | €17,793 | €16,564 | €20,710 | €5,681 | €6,218 | ▲ 9.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €243,345 | €791,600 | €725,865 | €697,872 | €729,928 | ▲ 4.6% |
| Equity10/15 | €66,247 | €50,106 | €47,642 | €12,699 | €32,375 | ▲ 155% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €20,505 | €20,505 | €35,242 | €18,145 | €19,975 | ▲ 10.1% |
| Profit (loss) carried forward14 | €33,342 | €17,202 | - | -€17,846 | - | - |
| Amounts payable17/49 | €177,098 | €741,493 | €678,223 | €685,173 | €697,553 | ▲ 1.8% |
| Amounts payable after more than one year17 | €111,502 | €643,945 | €600,676 | €558,427 | €546,487 | ▼ 2.1% |
| Amounts payable within one year42/48 | €65,597 | €97,549 | €77,547 | €126,094 | €151,066 | ▲ 19.8% |
| Trade debts44 | €3,326 | €15,231 | €5,480 | €46,584 | €6,566 | ▼ 85.9% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €53,847 | -€16,140 | -€2,465 | -€34,943 | €19,676 | - |
| + Depreciation and write-downs630 | €4,982 | €50,454 | €24,944 | €24,976 | €25,602 | ▲ 2.5% |
| Operating cash flow (approximation) | €58,829 | €34,314 | €22,479 | -€9,967 | €45,278 | - |
| Investment in fixed assets (approximation) | - | -€630,325 | €0 | €0 | -€36,145 | - |
| Change in cash | - | -€1,230 | €4,146 | -€15,029 | €537 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2017 | abbreviated format | 30-08-2018 | 2018-53100112 |
| 31-12-2016 | abbreviated format | 20-07-2017 | 2017-34800404 |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-59100252 |
| 31-12-2014 | abbreviated format | 31-08-2015 | 2015-55600103 |
| 31-12-2013 | abbreviated format | 20-06-2014 | 2014-19000531 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 0 of 1 Gazette act processed. See the directors and other office holders in the KBO →
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Kristiaan Patroons Mechelsesteenweg 12 Bus 8, 2000 Antwerpen 1 |
02-07-2019 → 05-04-2022 |
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
The board mandates are listed below; here you explore them as a network.
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Company
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Board mandates elsewhere
4 board mandatesBoard mandates of this companythis company sits on their board4
History
Acts, filings and financial milestones
2022
12-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Enterprise Court of Antwerp, Antwerp division · judgment of 05-04-2022
2019
08-07
Bankruptcy
Opening
Enterprise Court of Antwerp, Antwerp division · judgment of 02-07-2019
2018
30-08
NBB filing
Annual accounts filed
financial year 2017 · abbreviated format · 30 days late
2017
31-12
Financial
Back to profitnet €19,676
Net result €19,676 after 3 loss-making years.
20-07
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format
2016
31-12
Financial
Weakest financial yearnet -€34,943
Net result drops to -€34,943, the lowest in the series.
31-08
NBB filing
Annual accounts filed
financial year 2015 · abbreviated format · 31 days late
2015
31-08
NBB filing
Annual accounts filed
financial year 2014 · abbreviated format · 31 days late
2014
20-06
NBB filing
Annual accounts filed
financial year 2013 · abbreviated format
SignalFinancial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 1 deed read
About the unread acts
We know of 1 Belgian Official Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.