LUXE AUTO FRERES
Open bankruptcyA bankruptcy procedure is open for LUXE AUTO FRERES according to publications in the Belgian State Gazette; curator: Johan MOMMAERTS.
Summary
The 2021 annual accounts show negative equity (€-70k) and a net result of €-46k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 28-09-2022, 59 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
59 d late
2020
90 d late
2019
55 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-46k▼ 142%
2020 · €-19k
2019: €-23k
2020: €-19k
2019 → 2021
Working capital
€-55k▼ 160%
2020 · €-21k
2019: €-12k
2020: €-21k
2019 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202021Trend
Equity€-11k-€-25k▼ 126%€-70k▼ 185%
Operating result€-23k-€-30k▼ 28.6%€-46k▼ 56.3%
Net result€-23k-€-19k▲ 16.9%€-46k▼ 142%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €46k in 2021 against €30k in 2020; the loss grows and 2021 has the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €20k
Fixed assets
€2k ▲ 20.6%
Current assets
€18k ▼ 46.5%
Key figures and ratios
EBITDA
€-46k▼
2020 · €-29k
Cash flow
€-46k▼
2020 · €-19k
Solvency
-346.7%▼
2020 · -68.8%
Current ratio
0.25▼
2020 · 0.62
Quick ratio
0.13▼
2020 · 0.56
Debt to equity
-1.29
ROA
-229.6%▼
2020 · -53.7%
Interest coverage
-324.78
Debt
€90k▲
2020 · €60k
Debt ≤ 1 year
€73k▲
2020 · €55k
Staff costs
€33k
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 · 39 lines
Balance sheet
Code20202021
Assets
Total assets20/58€36k€20k▼
Fixed assets21/28€2k€2k▲
Tangible fixed assets22/27€2k€2k▲
Plant, machinery and equipment23-€1k
Furniture and vehicles24-€721
Current assets29/58€34k€18k▼
Stocks and contracts in progress3€3k€9k▲
Stocks30/36-€9k
Amounts receivable within one year40/41€16k€6k▼
Trade receivables40-€3k
Other amounts receivable41-€2k
Cash at bank and in hand54/58€15k€4k▼
Equity and liabilities
Total equity and liabilities10/49€36k€20k▼
Equity10/15€-25k€-70k▼
Contributions10/11€18k€19k▲
Capital10-€19k
Issued capital100-€19k
Profit (loss) carried forward14€-42k€-89k▼
Amounts payable17/49€60k€90k▲
Amounts payable within one year42/48€55k€73k▲
Trade debts44€31k€43k▲
Suppliers440/4-€43k
Taxes, remuneration and social security45-€5k
Taxes450/3-€534
Remuneration and social security454/9-€5k
Other amounts payable47/48-€25k
Accrued charges and deferred income492/3-€17k
Income statement
Code20202021
Remuneration, social security and pensions62-€33k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€594€689▲
Other operating charges640/8-€1k
Gross operating margin9900€-27k€-11k▲
Operating profit (loss)9901€-30k€-46k▼
Financial charges65/66B-€141
Recurring financial charges65€158€141▼
Profit (loss) for the period before taxes9903€-19k€-46k▼
Profit (loss) for the period9904€-19k€-46k▼
Profit (loss) for the period to be appropriated9905€-19k€-46k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-89k
Profit (loss) brought forward from the previous period14P-€-42k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
18-03
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · LUXE AUTO FRERES BV STALINGRADLAAN 52, 1000 BRUSSEL 1 · event 12-03-2024
2022
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 59 days late
2021
31-12
Financial
Weakest financial yearnet €-46k
Net result drops to €-46k, the lowest in the series.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 90 days late
2020
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 55 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
1 establishment unit since 2018
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.
Ground area
336 m²
Building footprint
340 m²
Volume, LiDAR
4,175 m³
Parcel 21809K0170/02B005, Brussels · tallest building 21.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Establishment
since 20182.283.341.101
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21809K0170/02B005 | Brussels | 336 m² | 1 · 340 m² | 21.1 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Johan MOMMAERTS SINT-MAARTENSTRAAT 53,
3000 LEUVEN |
12-03-2024 → present |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 10,671 companies in sector 47811 we hold annual accounts for 5,222. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded26-12-2018
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46711Wholesale of cars and light vans (up to 3.5 tonnes)
47812Retail trade
95316Washing and cleaning of motor vehicles
46180Agents specialised in the wholesale of other particular products
46713Wholesale trade
46720Wholesale of motor vehicle parts and accessories
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.