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OLIVE

Inactive
KBO/BCE: BE 0713.444.106

OLIVE was declared bankrupt on 19-04-2022 (Ondernemingsrechtbank Antwerpen, afdeling Tongeren); the bankruptcy was closed by liquidation by judgment of 13-02-2024, published in the Belgian State Gazette on 15-03-2024.

Summary

Inactive; last annual accounts for fiscal year 2019.

Signals

Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Belgian State Gazette
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 20-07-2021, 354 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 1 filing
Deviation from the deadline
2019
354 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its 2019 accounts 354 days after the deadline; the Belgian median for financial year 2019 is on the deadline day, and 49% of all filings were late.

Checked, nothing found (1)
neutral · 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

History

OLIVE has filed annual accounts once, for fiscal year 2019.1 The company was declared bankrupt on 19 April 2022; the bankruptcy was closed on 13 February 2024.23

  1. 1National Bank, annual accounts 2019
  2. 2Belgian State Gazette, 25-04-2022
  3. 3Belgian State Gazette, 15-03-2024

Financials · fiscal year 2019, micro schema

Equity
-€29,898
Total assets
€499,130
Net result
-€48,498
Working capital
-€441,086

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €499,130
Fixed assets €461,188
Current assets €37,943
Key figures and ratios
2019 value
EBITDA
€68,430
Cash flow
€66,407
Solvency
-6.0%
Current ratio
0.08
Quick ratio
0.02
Debt to equity
-1.67
ROA
-9.7%
Debt
€529,028
Debt ≤ 1 year
€479,028
Debt > 1 year
€50,000
Income taxes
€1
Annual accounts
Filed annual accounts As filed with the NBB · 2019 · 25 lines
Balance sheet Code2019
Assets
Total assets20/58€499,130
Fixed assets21/28€461,188
Intangible fixed assets21€449,196
Tangible fixed assets22/27€11,992
Current assets29/58€37,943
Stocks and contracts in progress3€26,296
Amounts receivable within one year40/41€490
Cash at bank and in hand54/58€11,156
Equity and liabilities
Total equity and liabilities10/49€499,130
Equity10/15-€29,898
Contributions10/11€18,600
Profit (loss) carried forward14-€48,498
Amounts payable17/49€529,028
Amounts payable after more than one year17€50,000
Amounts payable within one year42/48€479,028
Trade debts44€99,543
Income statement Code2019
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€114,905
Gross operating margin9900€201,044
Operating profit (loss)9901-€46,475
Recurring financial income75€10
Recurring financial charges65€2,032
Profit (loss) for the period before taxes9903-€48,497
Income taxes67/77€1
Profit (loss) for the period9904-€48,498
Profit (loss) for the period to be appropriated9905-€48,498
Line2019
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€114,905
Gross operating margin9900€201,044
Operating profit (loss)9901-€46,475
Recurring financial income75€10
Recurring financial charges65€2,032
Profit (loss) for the period before taxes9903-€48,497
Income taxes67/77€1
Profit (loss) for the period9904-€48,498
Profit (loss) for the period to be appropriated9905-€48,498
Line2019
Assets
Total assets20/58€499,130
Fixed assets21/28€461,188
Intangible fixed assets21€449,196
Tangible fixed assets22/27€11,992
Current assets29/58€37,943
Stocks and contracts in progress3€26,296
Amounts receivable within one year40/41€490
Cash at bank and in hand54/58€11,156
Equity and liabilities
Total equity and liabilities10/49€499,130
Equity10/15-€29,898
Contributions10/11€18,600
Profit (loss) carried forward14-€48,498
Amounts payable17/49€529,028
Amounts payable after more than one year17€50,000
Amounts payable within one year42/48€479,028
Trade debts44€99,543
Line2019
Profit (loss) for the period9904-€48,498
+ Depreciation and write-downs630€114,905
Operating cash flow (approximation)€66,407

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2024
15-03
Bankruptcy Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · event 13-02-2024
2022
25-04
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · event 19-04-2022
2021
20-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 354 days late
2020
11-05
Bankruptcy Bankruptcy reversal
Ondernemingsrechtbank Antwerpen, afdeling Tongeren
16-03
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · event 10-03-2020
SignalNBB filing
0 of 5 acts read
About the unread acts

We know of 5 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
5 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

Insolvency mandates

4 mandates
Role Name Tenure
Curator BERNARD TOPPET-HOEGARS
BILZERSTEENWEG 263, 3700 TONGEREN
19-04-2022 → 13-02-2024
Curator PHILIPPE GHESQUIERE
BILZER- STEENWEG 263, 3700 TONGEREN
19-04-2022 → 13-02-2024
Curator KRISTIEN HANSSEN
ONDERWIJSLAAN 72, 3600 GENK
10-03-2020 → 11-05-2020
Curator TANGUY PAQUET
ONDERWIJSLAAN 72, 3600 GENK
10-03-2020 → 11-05-2020