LOMMENS
InactiveLOMMENS was declared bankrupt on 19-07-2022 (Ondernemingsrechtbank Gent, afdeling Kortrijk); the bankruptcy was closed by liquidation by judgment of 13-02-2024, published in the Belgian State Gazette on 21-02-2024.
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 · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 04-07-2022, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
27 d early
2020
31 d late
2019
47 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 17 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, abbreviated schema
Equity
€69,405▲ 180%
2020 · €24,781
Total assets
€1.6m▲ 93.1%
2020 · €830,743
Net result
€32,224▲ 4,059%
2020 · €775
Working capital
€82,058
2020 · -€45,811
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result€7,728-€38,484▲ 398%€27,441▼ 28.7%€50,029▲ 82.3%
Net result-€5,514-€14,567€775▼ 94.7%€32,224▲ 4,059%
Equity€18,522-€25,306▲ 36.6%€24,781▼ 2.1%€69,405▲ 180%
Total assets€391,474-€568,220▲ 45.1%€830,743▲ 46.2%€1.6m▲ 93.1%
Debt€372,953-€542,914▲ 45.6%€805,962▲ 48.5%€1.5m▲ 90.4%
Working capital€23,738-€233,354▲ 883%-€45,811€82,058
Staff (FTE)6.3-7.7▲ 22.2%8.6▲ 11.7%10.3▲ 19.8%
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 recovers in 2021; 2021 is 82% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €1.6m
Fixed assets
€862,386 ▲ 462%
Current assets
€741,463 ▲ 9.5%
Equity and liabilities €1.6m
Equity
€69,405 ▲ 180%
Debt
€1.5m ▲ 90.4%
Debt's share of the balance-sheet total falls from 97.0% to 95.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€126,325▲
2020 · €57,665
Cash flow
€108,520▲
2020 · €30,999
Current ratio
1.12▲
2020 · 0.94
Quick ratio
0.98▲
2020 · 0.44
Debt to equity
22.11▲
2020 · 3.29
ROE
46.4%▲
2020 · 3.1%
ROA
2.0%▲
2020 · 0.1%
Interest coverage
7.06
Debt ≤ 1 year
€659,405▼
2020 · €723,014
Debt > 1 year
€875,038▲
2020 · €81,590
Income taxes
€502▼
2020 · €2,450
Staff costs
€575,621
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €575,621 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,334 | €21,981 | €30,225 | €76,296 | ▲ 152% |
| Other operating charges640/8 | - | - | - | €3,717 | - |
| Gross operating margin9900 | €345,201 | €453,134 | €539,572 | €705,663 | ▲ 30.8% |
| Operating profit (loss)9901 | €7,728 | €38,484 | €27,441 | €50,029 | ▲ 82.3% |
| Financial income75/76B | - | - | - | €592 | - |
| Recurring financial income75 | €1,092 | €1,080 | €378 | €592 | ▲ 56.5% |
| Financial charges65/66B | - | - | - | €17,894 | - |
| Recurring financial charges65 | €13,285 | €15,394 | €24,594 | €17,894 | ▼ 27.2% |
| Profit (loss) for the period before taxes9903 | -€4,465 | €24,171 | €3,225 | €32,727 | ▲ 915% |
| Income taxes67/77 | €1,049 | €9,604 | €2,450 | €502 | ▼ 79.5% |
| Profit (loss) for the period9904 | -€5,514 | €14,567 | €775 | €32,224 | ▲ 4,059% |
| Profit (loss) for the period to be appropriated9905 | -€5,514 | €14,567 | €775 | €32,224 | ▲ 4,059% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €391,474 | €568,220 | €830,743 | €1.6m | ▲ 93.1% |
| Fixed assets21/28 | €50,915 | €37,722 | €153,540 | €862,386 | ▲ 462% |
| Intangible fixed assets21 | €1,563 | - | - | - | - |
| Tangible fixed assets22/27 | €49,352 | €37,722 | €153,540 | €862,386 | ▲ 462% |
| Land and buildings22 | - | - | - | €489,796 | - |
| Plant, machinery and equipment23 | - | - | - | €67,795 | - |
| Furniture and vehicles24 | - | - | - | €38,408 | - |
| Other tangible fixed assets26 | - | - | - | €266,387 | - |
| Current assets29/58 | €340,560 | €530,499 | €677,203 | €741,463 | ▲ 9.5% |
| Stocks and contracts in progress3 | €43,931 | €290,756 | €358,404 | €95,004 | ▼ 73.5% |
| Stocks30/36 | - | - | - | €95,004 | - |
| Amounts receivable within one year40/41 | €174,877 | €198,736 | €155,070 | €605,840 | ▲ 291% |
| Trade receivables40 | - | - | - | €433,759 | - |
| Other amounts receivable41 | - | - | - | €172,080 | - |
| Cash at bank and in hand54/58 | €71,752 | €11,008 | €38,206 | €40,620 | ▲ 6.3% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €391,474 | €568,220 | €830,743 | €1.6m | ▲ 93.1% |
| Equity10/15 | €18,522 | €25,306 | €24,781 | €69,405 | ▲ 180% |
| Contributions10/11 | €6,200 | €6,200 | - | €18,600 | - |
| Reserves13 | €23,863 | €19,106 | €18,581 | €18,581 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - |
| Distributable reserves133 | - | - | - | €16,721 | - |
| Profit (loss) carried forward14 | -€11,541 | -€6,027 | -€11,541 | €32,224 | ▲ 379% |
| Amounts payable17/49 | €372,953 | €542,914 | €805,962 | €1.5m | ▲ 90.4% |
| Amounts payable after more than one year17 | €56,131 | €245,770 | €81,590 | €875,038 | ▲ 972% |
| Financial debts170/4 | - | - | - | €875,038 | - |
| Amounts payable within one year42/48 | €316,822 | €297,144 | €723,014 | €659,405 | ▼ 8.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €52,864 | - |
| Financial debts43 | - | - | - | €225,000 | - |
| Credit institutions430/8 | - | - | - | €225,000 | - |
| Trade debts44 | €98,081 | €71,871 | €184,509 | €279,590 | ▲ 51.5% |
| Suppliers440/4 | - | - | - | €279,590 | - |
| Taxes, remuneration and social security45 | - | - | - | €94,256 | - |
| Taxes450/3 | - | - | - | €42,474 | - |
| Remuneration and social security454/9 | - | - | - | €51,782 | - |
| Other amounts payable47/48 | - | - | - | €7,696 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,514 | €14,567 | €775 | €32,224 | ▲ 4,059% |
| + Depreciation and write-downs630 | €26,334 | €21,981 | €30,225 | €76,296 | ▲ 152% |
| Operating cash flow (approximation) | €20,820 | €36,549 | €30,999 | €108,520 | ▲ 250% |
| Investment in fixed assets (approximation) | - | -€8,788 | -€146,043 | -€785,142 | ▼ 438% |
| Change in cash | - | -€60,744 | €27,199 | €2,413 | ▼ 91.1% |
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
2024
21-02
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 13-02-2024
2022
26-07
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 19-07-2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €32,224 ▲4,059%
Operating result €50,029, net result €32,224, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 47 days late
2019
31-12
Financial
Back to profitnet €14,567
Net result €14,567 after one loss-making year.
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
22-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 53 days late
2015
28-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 59 days late
2014
12-09
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 43 days late
2013
25-09
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 56 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
2 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 | ELLEN DE GEETER DOORNIKSEWIJK 134, 8500 KORT-
RIJK |
19-07-2022 → 13-02-2024 |
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 87 EUR awarded · 87 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 87 EUR | 87 EUR |