LOUNGE PASSAGE
InactiveLOUNGE PASSAGE was declared bankrupt on 14-02-2022 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed by liquidation by judgment of 10-06-2024, published in the Belgian State Gazette on 14-06-2024.
No longer registered with the KBO; last annual accounts for fiscal year 2020.
Signals
Four signals. The signal on the left, the evidence on the right.
○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 · 7 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline23-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 08-10-2021, 69 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
69 d late
2019
434 d late
← before the deadline
after the deadline →
Financials · fiscal year 2020, micro schema
Equity
€-27k
2019 · €27k
2018: €-1k
2019: €27k
2018 → 2020
Total assets
€84k▼ 12.6%
2019 · €96k
2018: €415
2019: €96k
2018 → 2020
Net result
€-53k▼ 1,375%
2019 · €-4k
2018: €2k
2019: €-4k
2018 → 2020
Working capital
€-90k▼ 125%
2019 · €-40k
2018: €-1k
2019: €-40k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€-1k-€27k€-27k
Operating result€2k-€-4k€-52k▼ 1,337%
Net result€2k-€-4k€-53k▼ 1,375%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €52k in 2020 against €4k in 2019; the loss grows and 2020 has the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €84k
Fixed assets
€64k▼ 4.3%
Current assets
€20k▼ 31.5%
Key figures and ratios
EBITDA
€-42k▼
2019 · €5k
Cash flow
€-43k▼
2019 · €5k
Solvency
-31.9%▼
2019 · 27.7%
Current ratio
0.18▼
2019 · 0.42
Quick ratio
0.17▼
2019 · 0.22
ROA
-63.6%▼
2019 · -3.8%
Debt
€110k▲
2019 · €69k
Debt ≤ 1 year
€110k▲
2019 · €69k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€96k€84k▼
Fixed assets21/28€67k€64k▼
Tangible fixed assets22/27€57k€54k▼
Financial fixed assets28€10k€10k=
Current assets29/58€29k€20k▼
Stocks and contracts in progress3€14k€1k▼
Amounts receivable within one year40/41€2k€1k▼
Cash at bank and in hand54/58€12k€16k▲
Equity and liabilities
Total equity and liabilities10/49€96k€84k▼
Equity10/15€27k€-27k▼
Contributions10/11€50k-
Profit (loss) carried forward14€-23k€-77k▼
Amounts payable17/49€69k€110k▲
Amounts payable within one year42/48€69k€110k▲
Trade debts44€11k€42k▲
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€10k▲
Gross operating margin9900€99k€34k▼
Operating profit (loss)9901€-4k€-52k▼
Recurring financial income75€53€28▼
Recurring financial charges65€61€2k▲
Profit (loss) for the period before taxes9903€-4k€-53k▼
Profit (loss) for the period9904€-4k€-53k▼
Profit (loss) for the period to be appropriated9905€-4k€-53k▼
Timeline · acts, filings and financial milestones
2024
14-06
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Dendermonde · LOUNGE PASSAGE BV GROTE MARKT 26, 9100 SINT-NIKLAAS · event 10-06-2024
2022
18-02
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · LOUNGE PASSAGE BV GROTE MARKT 26, 9100 SINT-NIKLAAS · event 14-02-2022
2021
08-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 69 days late
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 434 days late
2020
31-12
Financial
Weakest financial yearnet €-53k
Net result drops to €-53k, the lowest in the series.
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
05-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
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 | ALAIN CLEYMAN PR. JOS. CHARLOTTELAAN 71,
9100 SINT-NIKLAAS |
14-02-2022 → present |