ONE O SIX BRAND
InactiveONE O SIX BRAND was declared bankrupt on 02-01-2024 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 26-11-2024, published in the Belgian State Gazette on 29-11-2024.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline21-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 29-12-2022, 151 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
151 d late
2020
153 d late
2019
92 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Turnover
€55k▼ 5.1%
2020 · €58k
2019: €84k
2020: €58k
2019 → 2021
EBIT margin
4.5%▲ 0.9pp
2020 · 3.5%
2019: 3.8%
2020: 3.5%
2019 → 2021
Net result
€2k▲ 17.9%
2020 · €2k
2019: €3k
2020: €2k
2019 → 2021
Working capital
€13k▲ 23.4%
2020 · €10k
2019: €8k
2020: €10k
2019 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202021Trend
Turnover€84k-€58k▼ 31.2%€55k▼ 5.1%
Equity€9k-€11k▲ 21.5%€15k▲ 29.7%
Operating result€3k-€2k▼ 36.7%€2k▲ 19.7%
Net result€3k-€2k▼ 35.5%€2k▲ 17.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2021; 2021 is 20% above 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €40k
Fixed assets
€2k▲ 102%
Current assets
€38k▼ 35.6%
Equity and liabilities €40k
Equity
€15k▲ 29.7%
Debt
€25k▼ 48.2%
The debt ratio falls from 81.1% to 63.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3k▲
2020 · €3k
Cash flow
€3k▲
2020 · €3k
Solvency
36.9%▲
2020 · 18.9%
Current ratio
1.51▲
2020 · 1.21
Quick ratio
0.11▼
2020 · 0.49
Debt / equity
1.71
ROE
16.1%▼
2020 · 17.7%
ROA
5.9%▲
2020 · 3.3%
Interest coverage
36.09
Debt
€25k▼
2020 · €48k
Debt ≤ 1 year
€25k▼
2020 · €48k
Staff costs
€17
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€60k€40k▼
Fixed assets21/28€906€2k▲
Tangible fixed assets22/27€906€2k▲
Plant, machinery and equipment23-€2k
Current assets29/58€59k€38k▼
Stocks and contracts in progress3€35k€35k=
Stocks30/36-€35k
Amounts receivable within one year40/41€20k-
Cash at bank and in hand54/58€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€60k€40k▼
Equity10/15€11k€15k▲
Contributions10/11€6k€7k▲
Capital10-€7k
Issued capital100-€19k
Uncalled capital101-€11k
Profit (loss) carried forward14€5k€7k▲
Amounts payable17/49€48k€25k▼
Amounts payable within one year42/48€48k€25k▼
Trade debts44€33k€19k▼
Suppliers440/4-€19k
Taxes, remuneration and social security45-€2k
Taxes450/3-€2k
Other amounts payable47/48-€5k
Income statement
Code20202021
Turnover70€58k€55k▼
Goods, raw materials, services and sundry goods60/61-€51k
Remuneration, social security and pensions62-€17
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€532€575▲
Other operating charges640/8-€734
Gross operating margin9900€5k€4k▼
Operating profit (loss)9901€2k€2k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B-€84
Recurring financial charges65€40€84▲
Profit (loss) for the period before taxes9903€2k€2k▲
Profit (loss) for the period9904€2k€2k▲
Profit (loss) for the period to be appropriated9905€2k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€7k
Profit (loss) brought forward from the previous period14P-€5k
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
29-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · ONE O SIX BRAND BV KLAUWAARTSLAAN 2, 1853. GRIMBERGEN · event 26-11-2024
10-01
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · ONE O SIX BRAND BV KLAUWAARTSLAAN 2, 1853. GRIMBERGEN · event 02-01-2024
2022
29-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 151 days late
2021
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 153 days late
2020
31-12
Financial
Weakest financial yearnet €2k ▼35.5%
Net result drops to €2k, the lowest in the series.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | STEVEN VERBEKE LAKENSESTRAAT 154 B11,
1000 BRUSSEL 1 |
02-01-2024 → present |