NANDRIN EXPLOITATION

Bankruptcy

Private limited companyfounded 2008Route du Condroz 211, 4550 Nandrin, BelgiumKBO/BCE: BE 0807.908.446

The KBO register records for NANDRIN EXPLOITATION the legal situation: open bankruptcy (code 050); this is today's state according to the register itself, which carries no start date. The 2023 annual accounts show equity of €288k and a net result of €61k.

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Signals

Four signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Growing equity

Equity grew over 2021-2023. Profits are largely retained rather than distributed.

NBB · annual accounts 2023

Equity per financial year

181920212223

2018 to 2023 · latest year €288k

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Filed after the deadline

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 24-10-2024, 85 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 · 10 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

85 d late

2022

31 d late

2021

31 d late

2020

4 d early

2019

91 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2023, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€61k▲ 37.4%

2022 · €44k

2018: €20k 2019: €25k 2020: €93k 2021: €59k 2022: €44k

2018 → 2023

Working capital

€441k▲ 99.7%

2022 · €221k

2018: €-11k 2019: €7k 2020: €62k 2021: €-40k 2022: €221k

2018 → 2023

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20192020202120222023Trend

Equity€31k-€124k▲ 295%€183k▲ 47.6%€227k▲ 24.3%€288k▲ 26.9%

Operating result€40k-€134k▲ 231%€91k▼ 31.8%€84k▼ 7.9%€94k▲ 11.8%

Net result€25k-€93k▲ 277%€59k▼ 36.3%€44k▼ 24.5%€61k▲ 37.4%

Result per fiscal year

Operating resultNet result

The operating result recovers in 2023; 2023 is 12% above 2022.

Balance-sheet composition

2023 in colour, 2022 as the grey bar beneath

Assets €1.52M

39.3%

60.7%

Fixed assets €596k▼ 30.4%

Current assets €920k▲ 77.3%

Equity and liabilities €1.52M

19.0%

78.7%

Equity €288k▲ 26.9%

Provisions €34k▼ 7.5%

Debt €1.19M▲ 7.5%

The debt ratio falls from 80.8% to 78.7%: equity grows faster than debt.

Key figures and ratios

2023 value · change against 2022

EBITDA

€175k▲

2022 · €146k

Cash flow

€142k▲

2022 · €106k

Solvency

19.0%▲

2022 · 16.5%

Current ratio

1.92▲

2022 · 1.74

Quick ratio

0.91▼

2022 · 1.26

Debt / equity

4.14▼

2022 · 4.89

ROE

21.2%▲

2022 · 19.6%

ROA

4.0%▲

2022 · 3.2%

Interest coverage

5.31▼

2022 · 6.75

Debt

€1.19M▲

2022 · €1.11M

Debt ≤ 1 year

€479k▲

2022 · €298k

Debt > 1 year

€714k▼

2022 · €813k

Staff costs

€145k▲

2022 · €137k

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 · 2023 against 2022

Balance sheet Code20222023

Assets

Total assets20/58€1.38M€1.52M▲

Fixed assets21/28€856k€596k▼

Tangible fixed assets22/27€688k€425k▼

Land and buildings22€362k€90k▼

Plant, machinery and equipment23€18k€20k▲

Furniture and vehicles24€16k€34k▲

Other tangible fixed assets26€292k€272k▼

Assets under construction and advance payments27-€9k

Financial fixed assets28€169k€172k▲

Current assets29/58€519k€920k▲

Amounts receivable after more than one year29-€9k

Trade receivables290-€9k

Stocks and contracts in progress3€142k€484k▲

Stocks30/36€142k€484k▲

Amounts receivable within one year40/41€257k€372k▲

Trade receivables40€98k€294k▲

Other amounts receivable41€159k€78k▼

Cash at bank and in hand54/58€89k€54k▼

Deferred charges and accrued income490/1€31k€550▼

Equity and liabilities

Total equity and liabilities10/49€1.38M€1.52M▲

Equity10/15€227k€288k▲

Contributions10/11€19k€19k=

Reserves13€2k€2k=

Non-distributable reserves130/1€2k-

Reserves not available under the articles1311€2k-

Distributable reserves133-€2k

Profit (loss) carried forward14€207k€268k▲

Provisions and deferred taxes16€37k€34k▼

Provisions for liabilities and charges160/5€37k€34k▼

Other liabilities and charges164/5€37k€34k▼

Amounts payable17/49€1.11M€1.19M▲

Amounts payable after more than one year17€813k€714k▼

Financial debts170/4€675k€576k▼

Other amounts payable178/9€138k€138k=

Amounts payable within one year42/48€298k€479k▲

Current portion of amounts payable after more than one year42€95k€103k▲

Financial debts43-€39k

Credit institutions430/8-€39k

Trade debts44€124k€274k▲

Suppliers440/4€124k€274k▲

Taxes, remuneration and social security45€70k€53k▼

Taxes450/3€51k€44k▼

Remuneration and social security454/9€20k€9k▼

Other amounts payable47/48€9k€11k▲

Income statement Code20222023

Remuneration, social security and pensions62€137k€145k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€62k€81k▲

Other operating charges640/8€33k€11k▼

Non-recurring operating charges66A€8k€2k▼

Gross operating margin9900€324k€334k▲

Operating profit (loss)9901€84k€94k▲

Financial income75/76B€39€90▲

Recurring financial income75€39€90▲

Financial charges65/66B€22k€33k▲

Recurring financial charges65€22k€33k▲

Profit (loss) for the period before taxes9903€63k€61k▼

Income taxes67/77€18k-

Profit (loss) for the period9904€44k€61k▲

Profit (loss) for the period to be appropriated9905€44k€61k▲

Appropriation of the result

Profit (loss) to be appropriated9906€207k€268k▲

Profit (loss) brought forward from the previous period14P€162k€207k▲

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 15Financial 5Filings 10

2024

24-10

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 85 days late

2023

31-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 31 days late

2022

31-12

Financial Liquidity doublescurrent ratio 1.74

Current ratio from 0.80 to 1.74.

31-12

Financial Equity above €200kEq €227k ▲24.3%

5 profitable years in a row build equity to €227k.

31-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 31 days late

2021

31-12

Financial Equity above €150kEq €183k ▲47.6%

4 profitable years in a row build equity to €183k.

27-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

31-12

Financial Highest result since 2018net €93k ▲277%

Operating result €134k, net result €93k, both a record.

31-12

Financial Equity above €100kEq €124k ▲295%

3 profitable years in a row build equity to €124k.

30-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 91 days late

03-01

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 156 days late

2018

27-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 27 days late

2017

13-09

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 44 days late

2016

18-08

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 18 days late

2015

12-08

NBB filing Annual accounts filed

fiscal year 2014 · full schema · 12 days late

Financial 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

Registered office, Nandrin · 2 establishment units since 2008

establishment All 2 establishment units on the map

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.

Route du Condroz 2114550 Nandrin

Ground area

9,132 m²

Building footprint

991 m²

Volume, LiDAR

2,660 m³

3 parcels, Wallonia · tallest building 13.7 m, ±3 floors. Linked by address, not a title deed.

2 establishment units

RestoRognac

Avenue de la Chevauchée(N) 70, 4121 NeupréLimited-service restaurants

since 20082.174.524.224

RestoRognac

Route du Condroz 204, 4550 NandrinRetail sale of meat and meat products, excluding game and poultry

since 20182.289.217.321

3 parcels

Wallonia 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
61044B0036/00B000	Wallonia	4,242 m²	1 · 547 m²	-
61043A0006/00W002	Wallonia	3,595 m²	1 · 145 m²	-
61043A0014/00H000	Wallonia	1,295 m²	1 · 299 m²	13.7 m · 3 fl.