OFRAH
Open bankruptcyA bankruptcy procedure is open for OFRAH according to publications in the Belgian State Gazette; curator: MAIA GUTMANN LE PAIGE.
Summary
The 2021 annual accounts show negative equity (€-24k) and a net result of €-17k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Turnover
€4k▼ 46.8%
2020 · €8k
2018: €0
2019: €20k
2020: €8k
2018 → 2021
EBIT margin
-378.3%▼ 209.4pp
2020 · -168.8%
2019: -30.1%
2020: -168.8%
2019 → 2021
Net result
€-17k▼ 20.8%
2020 · €-14k
2018: €0
2019: €-6k
2020: €-14k
2018 → 2021
Working capital
€-25k
2018 · €12k
2018: €12k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€0-€20k€8k▼ 59.6%€4k▼ 46.8%
Equity€12k-€6k▼ 50.1%€-8k€-24k▼ 216%
Operating result€-6k€-14k▼ 127%€-16k▼ 19.1%
Net result€0-€-6k€-14k▼ 127%€-17k▼ 20.8%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16k in 2021 against €14k in 2020; the loss grows and 2021 has the lowest result in the available series.
Balance-sheet composition
Assets €645
Fixed assets
€490
Current assets
€155
Key figures and ratios
EBITDA
€-15k▼
2020 · €-13k
Cash flow
€-16k▼
2020 · €-13k
Interest coverage
-65.77
Debt
€25k▲
2020 · €9k
Debt ≤ 1 year
€25k▲
2020 · €9k
Ratios withheld: a balance sheet total of €645 is too small for a meaningful ratio.
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 · 36 lines
Balance sheet
Code20202021
Assets
Total assets20/58€853€645▼
Fixed assets21/28€853€490▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€853€490▼
Plant, machinery and equipment23€853€490▼
Financial fixed assets28€0-
Current assets29/58-€155
Amounts receivable within one year40/41-€155
Other amounts receivable41-€155
Equity and liabilities
Total equity and liabilities10/49€853€645▼
Equity10/15€-8k€-24k▼
Contributions10/11€13k€13k=
Reserves13€117€117=
Non-distributable reserves130/1€117€117=
Reserves not available under the articles1311€117€117=
Profit (loss) carried forward14€-21k€-37k▼
Amounts payable17/49€9k€25k▲
Amounts payable within one year42/48€9k€25k▲
Financial debts43-€16
Credit institutions430/8-€16
Trade debts44€598€7k▲
Suppliers440/4€598€7k▲
Other amounts payable47/48€8k€18k▲
Income statement
Code20202021
Turnover70€8k€4k▼
Goods, raw materials, services and sundry goods60/61€21k€20k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€932€932=
Other operating charges640/8€348€348=
Gross operating margin9900€-12k€-15k▼
Operating profit (loss)9901€-14k€-16k▼
Financial charges65/66B-€235
Recurring financial charges65-€235
Profit (loss) for the period before taxes9903€-14k€-17k▼
Profit (loss) for the period9904€-14k€-17k▼
Profit (loss) for the period to be appropriated9905€-14k€-17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-21k€-37k▼
Profit (loss) brought forward from the previous period14P€-7k€-21k▼
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
2023
15-02
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · OFRAH SRL RUE DES ETANGS NOIRS 50, 1080 MOLENBEEK-SAINT-JEAN · event 06-02-2023
2022
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 152 days late
03-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 276 days late
27-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 635 days late
2021
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series.
2020
24-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 482 days late
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 17 days late
2017
09-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 70 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 31 days late
2014
29-12
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 151 days late
18-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 352 days late
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
Registered office, Sint-Jans-Molenbeek
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.
Zwarte Vijversstraat 501080 Sint-Jans-MolenbeekGround area
82 m²
Building footprint
79 m²
Volume, LiDAR
961 m³
Parcel 21523B0742/00V012, Brussels · tallest building 18.0 m, ±4 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21523B0742/00V012 | Brussels | 81 m² | 1 · 79 m² | 18.0 m · 4 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 | MAIA GUTMANN LE PAIGE RUE DE LA LOI 28,
1040 ETTERBEEK |
06-02-2023 → present |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded20-02-2009
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.