LORIN
InactiveLORIN was declared bankrupt on 13-07-2023 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 23-04-2024, published in the Belgian State Gazette on 30-04-2024.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline24-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 25-08-2022, 390 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
390 d late
2019
92 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Turnover
€1k▼ 45.5%
2019 · €2k
2018: €94k
2019: €2k
2018 → 2020
EBIT margin
-486.0%▼ 155.4pp
2019 · -330.6%
2018: -21.4%
2019: -330.6%
2018 → 2020
Net result
€-5k▼ 242%
2019 · €-2k
2018: €-20k
2019: €-2k
2018 → 2020
Working capital
€16k▼ 9.1%
2019 · €17k
2018: €11k
2019: €17k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Turnover€94k-€2k▼ 97.9%€1k▼ 45.5%
Equity€28k-€27k▼ 5.3%€22k▼ 19.2%
Operating result€-20k-€-6k▲ 68.1%€-5k▲ 19.8%
Net result€-20k-€-2k▲ 92.6%€-5k▼ 242%
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 €5k in 2020 against €6k in 2019; the loss shrinks.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €25k
Fixed assets
€6k ▼ 37.9%
Current assets
€19k ▼ 7.6%
Equity and liabilities €25k
Equity
€22k ▼ 19.2%
Debt
€3k =
Debt's share of the balance-sheet total rises from 11.4% to 13.7%. Equity is lower.
Key figures and ratios
EBITDA
€-2k▲
2019 · €-3k
Cash flow
€-2k▼
2019 · €2k
Current ratio
5.60▼
2019 · 6.06
Debt to equity
0.16
ROE
-23.8%▼
2019 · -5.6%
ROA
-20.5%▼
2019 · -5.0%
Interest coverage
-994.90
Debt ≤ 1 year
€3k=
2019 · €3k
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 · 2020 against 2019 · 46 lines
Balance sheet
Code20192020
Assets
Total assets20/58€30k€25k▼
Formation expenses20€0-
Fixed assets21/28€9k€6k▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€9k€6k▼
Furniture and vehicles24-€6k
Financial fixed assets28€0-
Current assets29/58€21k€19k▼
Stocks and contracts in progress3€0-
Amounts receivable within one year40/41€11k€11k▼
Other amounts receivable41-€11k
Current investments50/53€0-
Cash at bank and in hand54/58€10k€9k▼
Equity and liabilities
Total equity and liabilities10/49€30k€25k▼
Equity10/15€27k€22k▼
Contributions10/11€19k€19k=
Outside capital11-€19k
Other1109/19-€19k
Reserves13€4k€4k=
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Tax-exempt reserves132-€3k
Profit (loss) carried forward14€4k€-1k▼
Amounts payable17/49€3k€3k=
Amounts payable within one year42/48€3k€3k=
Trade debts44€3k€3k=
Suppliers440/4-€3k
Taxes, remuneration and social security45-€5
Taxes450/3-€5
Income statement
Code20192020
Turnover70€2k€1k▼
Goods, raw materials, services and sundry goods60/61-€1k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k=
Other operating charges640/8-€1k
Gross operating margin9900€896€-226▼
Operating profit (loss)9901€-6k€-5k▲
Financial income75/76B-€0
Recurring financial income75€0€0▲
Financial charges65/66B-€2
Recurring financial charges65€145€2▼
Profit (loss) for the period before taxes9903€-2k€-5k▼
Income taxes67/77€0-
Profit (loss) for the period9904€-2k€-5k▼
Profit (loss) for the period to be appropriated9905€-2k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-1k
Profit (loss) brought forward from the previous period14P-€4k
Return on contributions (dividend)694€0-
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
30-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · LORIN BV BREDABAAN 485, 2170 MERKSEM (ANTWERPEN) · event 23-04-2024
2023
19-07
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · LORIN BV BREDABAAN 485, 2170 MERKSEM (ANTWERPEN) · event 13-07-2023
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 390 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 92 days late
2019
31-12
Financial
Liquidity quadruplescurrent ratio 6.06
Current ratio from 1.64 to 6.06; short-term debt falls from €17k to €3k.
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 90 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 92 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2016
08-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 8 days late
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 61 days late
2014
29-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 29 days late
2013
30-09
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 61 days late
2012
27-11
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 119 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LIESBET JACOBS POPULIERENLAAN 43, 2630 AARTSE-
LAAR |
13-07-2023 → 23-04-2024 |