NIL
Open bankruptcyA bankruptcy procedure is open for NIL according to publications in the Belgian State Gazette; curator: MARTE DE CALUWé.
Summary
The 2023 annual accounts show equity of €125k and a net result of €6k.
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 31-12-2023 was due by 31-07-2024 and was filed on 26-08-2024, 26 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
26 d late
2022
34 d early
2021
31 d early
2020
36 d early
2019
45 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Turnover
€226k
EBIT margin
1.4%
Net result
€6k▼ 80.5%
2022 · €32k
2019: €7k
2020: €31k▲ +352% vs 2019
2021: €33k▲ +4.6% vs 2020highest in 5 years
2022: €32k▼ -1.3% vs 2021
2023: €6k▼ -80.5% vs 2022lowest in 5 years
2019 → 2023
Working capital
€85k▼ 20.5%
2022 · €107k
2019: €11klowest in 5 years
2020: €37k▲ +224% vs 2019
2021: €73k▲ +98.0% vs 2020
2022: €107k▲ +45.4% vs 2021highest in 5 years
2023: €85k▼ -20.5% vs 2022
2019 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Turnover€226k
Equity€14k-€46k▲ 217%€79k▲ 71.6%€111k▲ 41.2%€125k▲ 12.4%
2019: €14klowest in 5 years
2020: €46k▲ +217% vs 2019
2021: €79k▲ +71.6% vs 2020
2022: €111k▲ +41.2% vs 2021
2023: €125k▲ +12.4% vs 2022highest in 5 years
Operating result€9k-€45k▲ 386%€46k▲ 1.2%€46k▲ 0.3%€3k▼ 93.0%
2019: €9k
2020: €45k▲ +386% vs 2019
2021: €46k▲ +1.2% vs 2020
2022: €46k▲ +0.3% vs 2021highest in 5 years
2023: €3k▼ -93.0% vs 2022lowest in 5 years
Net result€7k-€31k▲ 352%€33k▲ 4.6%€32k▼ 1.3%€6k▼ 80.5%
2019: €7k
2020: €31k▲ +352% vs 2019
2021: €33k▲ +4.6% vs 2020highest in 5 years
2022: €32k▼ -1.3% vs 2021
2023: €6k▼ -80.5% vs 2022lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 93% below 2022 and is the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €168k
Fixed assets
€40k ▲ 793%
Current assets
€128k ▼ 8.3%
Equity and liabilities €168k
Equity
€125k ▲ 12.4%
Debt
€43k ▲ 32.2%
Debt's share of the balance-sheet total rises from 22.6% to 25.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€6k▼
2022 · €48k
Cash flow
€9k▼
2022 · €35k
Current ratio
2.98▼
2022 · 4.29
Quick ratio
2.85▼
2022 · 4.07
Debt to equity
0.34▲
2022 · 0.29
ROE
5.1%▼
2022 · 29.2%
ROA
3.8%▼
2022 · 22.6%
Interest coverage
2.81▼
2022 · 29.43
Debt ≤ 1 year
€43k▲
2022 · €32k
Income taxes
€-5k▼
2022 · €12k
Staff costs
€29k▲
2022 · €5k
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 · 2023 against 2022 · 44 lines
Balance sheet
Code20222023
Assets
Total assets20/58€144k€168k▲
Fixed assets21/28€5k€40k▲
Intangible fixed assets21-€25k
Tangible fixed assets22/27€5k€15k▲
Plant, machinery and equipment23€5k€15k▲
Current assets29/58€139k€128k▼
Stocks and contracts in progress3€7k€6k▼
Stocks30/36€7k€6k▼
Amounts receivable within one year40/41€39k€48k▲
Trade receivables40€3k-
Other amounts receivable41€36k€48k▲
Cash at bank and in hand54/58€93k€74k▼
Deferred charges and accrued income490/1-€431
Equity and liabilities
Total equity and liabilities10/49€144k€168k▲
Equity10/15€111k€125k▲
Contributions10/11€8k€15k▲
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€102k€108k▲
Amounts payable17/49€32k€43k▲
Amounts payable within one year42/48€32k€43k▲
Trade debts44€4k€37k▲
Suppliers440/4€4k€37k▲
Taxes, remuneration and social security45€28k€6k▼
Taxes450/3€28k€2k▼
Remuneration and social security454/9€364€4k▲
Income statement
Code20222023
Turnover70-€226k
Goods, raw materials, services and sundry goods60/61-€190k
Remuneration, social security and pensions62€5k€29k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€3k€831▼
Gross operating margin9900€57k€36k▼
Operating profit (loss)9901€46k€3k▼
Financial income75/76B€28-
Recurring financial income75€28-
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€44k€1k▼
Income taxes67/77€12k€-5k▼
Profit (loss) for the period9904€32k€6k▼
Profit (loss) for the period to be appropriated9905€32k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€102k€108k▲
Profit (loss) brought forward from the previous period14P€69k€102k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €226k | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €190k | - |
| Remuneration, social security and pensions62 | - | - | €3k | €5k | €29k | ▲ 438% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €755 | €1k | €2k | €2k | €3k | ▲ 20.9% |
| Other operating charges640/8 | - | - | €2k | €3k | €831 | ▼ 76.0% |
| Gross operating margin9900 | €16k | €51k | €53k | €57k | €36k | ▼ 36.8% |
| Operating profit (loss)9901 | €9k | €45k | €46k | €46k | €3k | ▼ 93.0% |
| Financial income75/76B | - | - | €1k | €28 | - | - |
| Recurring financial income75 | €332 | - | €1k | €28 | - | - |
| Financial charges65/66B | - | - | €3k | €2k | €2k | ▲ 26.6% |
| Recurring financial charges65 | €1k | €391 | €3k | €2k | €2k | ▲ 26.6% |
| Profit (loss) for the period before taxes9903 | €8k | €38k | €44k | €44k | €1k | ▼ 97.4% |
| Income taxes67/77 | €1k | €6k | €11k | €12k | €-5k | ▼ 143% |
| Profit (loss) for the period9904 | €7k | €31k | €33k | €32k | €6k | ▼ 80.5% |
| Profit (loss) for the period to be appropriated9905 | €7k | €31k | €33k | €32k | €6k | ▼ 80.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17k | €54k | €109k | €144k | €168k | ▲ 16.9% |
| Fixed assets21/28 | €3k | €9k | €7k | €5k | €40k | ▲ 793% |
| Intangible fixed assets21 | - | - | - | - | €25k | - |
| Tangible fixed assets22/27 | €3k | €9k | €7k | €5k | €15k | ▲ 238% |
| Plant, machinery and equipment23 | - | - | €7k | €5k | €15k | ▲ 238% |
| Current assets29/58 | €14k | €45k | €102k | €139k | €128k | ▼ 8.3% |
| Stocks and contracts in progress3 | €7k | €7k | €7k | €7k | €6k | ▼ 21.1% |
| Stocks30/36 | - | - | €7k | €7k | €6k | ▼ 21.1% |
| Amounts receivable within one year40/41 | €3k | €17k | €37k | €39k | €48k | ▲ 22.0% |
| Trade receivables40 | - | - | €7k | €3k | - | - |
| Other amounts receivable41 | - | - | €30k | €36k | €48k | ▲ 33.1% |
| Cash at bank and in hand54/58 | €4k | €21k | €58k | €93k | €74k | ▼ 20.5% |
| Deferred charges and accrued income490/1 | - | - | - | - | €431 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17k | €54k | €109k | €144k | €168k | ▲ 16.9% |
| Equity10/15 | €14k | €46k | €79k | €111k | €125k | ▲ 12.4% |
| Contributions10/11 | €8k | - | €8k | €8k | €15k | ▲ 100% |
| Outside capital11 | - | - | €8k | - | - | - |
| Other1109/19 | - | - | €8k | - | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | - | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €5k | €37k | €69k | €102k | €108k | ▲ 6.2% |
| Amounts payable17/49 | €3k | €8k | €30k | €32k | €43k | ▲ 32.2% |
| Amounts payable within one year42/48 | €3k | €8k | €29k | €32k | €43k | ▲ 32.2% |
| Trade debts44 | €513 | - | €9k | €4k | €37k | ▲ 753% |
| Suppliers440/4 | - | - | €9k | €4k | €37k | ▲ 753% |
| Taxes, remuneration and social security45 | - | - | €20k | €28k | €6k | ▼ 78.2% |
| Taxes450/3 | - | - | €19k | €28k | €2k | ▼ 91.4% |
| Remuneration and social security454/9 | - | - | €860 | €364 | €4k | ▲ 921% |
| Accrued charges and deferred income492/3 | - | - | €1k | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €31k | €33k | €32k | €6k | ▼ 80.5% |
| + Depreciation and write-downs630 | €755 | €1k | €2k | €2k | €3k | ▲ 20.9% |
| Operating cash flow (approximation) | €8k | €33k | €35k | €35k | €9k | ▼ 74.2% |
| Investment in fixed assets (approximation) | - | €-7k | €0 | €0 | €-38k | - |
| Change in cash | - | €17k | €37k | €35k | €-19k | ▼ 155% |
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
2025
21-03
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 13-03-2025
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Weakest financial yearnet €6k ▼80.5%
Net result drops to €6k, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €111k ▲41.2%
4 profitable years in a row build equity to €111k.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2019net €33k ▲4.6%
Net result €33k, the highest in the series.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
Sign in to place this company at the front of the reading queue.
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
Registered office, Antwerpen · 1 establishment unit since 2018
Ground area
5,303 m²
Building footprint
3,300 m²
Volume, LiDAR
19,014 m³
Parcel 11012A0158/00C005, Flanders · tallest building 10.4 m, ±1 floor. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
NIL Company
since 20182.275.473.807
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11012A0158/00C005 | Flanders | 5,303 m² | 1 · 3,300 m² | 10.4 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
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 | MARTE DE CALUWé MUSEUMSTRAAT 31-33 4,
2000 ANTWERPEN 1 |
13-03-2025 → present |
Similar companies · same sector, comparable size
BROOD EN BANKET SWINNEN
BE 0859.691.994
Lommel · Eq €124,684
Pavele
BE 0430.094.832
Oudenaarde · Eq €125,443
BAKKERIJ 'T KROKANTJE
BE 0892.006.060
Hooglede · Eq €125,733
Bakkerij De Muer
BE 0775.337.727
Zedelgem · Eq €124,274
Patisserie Lauwers
BE 0418.147.895
Schelle · Eq €124,259
Of 4,227 companies in sector 10712 we hold annual accounts for 1,870. 1,590 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded15-03-2018
Fiscal year end31-12
Activities, NACEBEL 2025
10712Artisanal bread and fresh pastry making
56112Limited-service restaurants, excluding mobile food services
Contact
E-mail
info@nilcompany.be
Scores and ratios are computed by Checked and are not a credit decision.