LK-GROUP
InactiveLK-GROUP was declared bankrupt on 16-05-2023 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed by liquidation by judgment of 07-01-2025, published in the Belgian State Gazette on 13-01-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
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 31-12-2022, 4 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 · 2 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 28-10-2022, 89 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
89 d late
2020
43 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€-59k
2020 · €7k
2020: €7k
2020 → 2021
Total assets
€190k▲ 1.1%
2020 · €188k
2020: €188k
2020 → 2021
Net result
€-66k
2020 · €6k
2020: €6k
2020 → 2021
Working capital
€-105k▼ 122%
2020 · €-47k
2020: €-47k
2020 → 2021
Multi-year overview
Available amounts per fiscal year
Line20202021Trend
Equity€7k-€-59k
Operating result€41k-€-59k
Net result€6k-€-66k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €59k after €41k in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €190k
Fixed assets
€74k ▼ 38.6%
Current assets
€117k ▲ 71.3%
Key figures and ratios
EBITDA
€-35k▼
2020 · €73k
Cash flow
€-41k▼
2020 · €38k
Solvency
-31.2%▼
2020 · 3.7%
Current ratio
0.53▼
2020 · 0.59
Debt to equity
-4.20▼
2020 · 9.39
ROA
-34.8%▼
2020 · 3.1%
Interest coverage
-6.32
Debt
€250k▲
2020 · €181k
Debt ≤ 1 year
€221k▲
2020 · €115k
Debt > 1 year
€25k▼
2020 · €65k
Income taxes
€2k▼
2020 · €10k
Staff costs
€83k
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 · 49 lines
Balance sheet
Code20202021
Assets
Total assets20/58€188k€190k▲
Fixed assets21/28€120k€74k▼
Tangible fixed assets22/27€118k€72k▼
Plant, machinery and equipment23-€11k
Furniture and vehicles24-€14k
Leasing and similar rights25-€48k
Financial fixed assets28€2k€2k=
Current assets29/58€68k€117k▲
Amounts receivable within one year40/41€67k€116k▲
Trade receivables40-€107k
Other amounts receivable41-€9k
Cash at bank and in hand54/58€398€248▼
Deferred charges and accrued income490/1-€736
Equity and liabilities
Total equity and liabilities10/49€188k€190k▲
Equity10/15€7k€-59k▼
Contributions10/11-€1k
Reserves13€6k€6k=
Distributable reserves133-€6k
Profit (loss) carried forward14-€-66k
Amounts payable17/49€181k€250k▲
Amounts payable after more than one year17€65k€25k▼
Financial debts170/4-€25k
Amounts payable within one year42/48€115k€221k▲
Current portion of amounts payable after more than one year42-€22k
Trade debts44€68k€176k▲
Suppliers440/4-€176k
Taxes, remuneration and social security45-€24k
Taxes450/3-€11k
Remuneration and social security454/9-€13k
Other amounts payable47/48-€0
Accrued charges and deferred income492/3-€3k
Income statement
Code20202021
Non-recurring operating income76A-€17k
Remuneration, social security and pensions62-€83k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€25k▼
Other operating charges640/8-€6k
Non-recurring operating charges66A-€2k
Gross operating margin9900€162k€57k▼
Operating profit (loss)9901€41k€-59k▼
Financial income75/76B-€259
Recurring financial income75€187€259▲
Financial charges65/66B-€5k
Recurring financial charges65€25k€5k▼
Profit (loss) for the period before taxes9903€16k€-65k▼
Income taxes67/77€10k€2k▼
Profit (loss) for the period9904€6k€-66k▼
Profit (loss) for the period to be appropriated9905€6k€-66k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-66k
Transfer to equity691/2-€0
To other reserves6921-€0
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
13-01
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Gent · event 07-01-2025
2023
05-06
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 16-05-2023
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 89 days late
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
SignalNBB filing
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 | PIETER WAUMAN VIJFSTRATEN 57-59, 9100 SINT-
NIKLAAS |
16-05-2023 → 07-01-2025 |