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OOSTCAR

Inactive
KBO/BCE: BE 0452.601.604

OOSTCAR was declared bankrupt on 02-12-2021 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed by liquidation by judgment of 03-10-2023, published in the Belgian State Gazette on 09-10-2023.

Summary

Inactive; last annual accounts for fiscal year 2020.

Signals

Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Belgian State Gazette
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filings
Position against the passed deadline
31-12-2021 close31-07-2022 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 28-10-2021, 89 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
not filed
2022
not filed
2021
not filed
2020
89 d late
2019
93 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 2 accounts on average 91 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% 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

Total assets went from EUR 113,962 in 2018 to EUR 58,605 in 2020 and headcount from 2 to 2.6 full-time equivalents.1 OOSTCAR was declared bankrupt on 2 December 2021; the bankruptcy was closed on 3 October 2023.23

  1. 1National Bank, annual accounts 2018 and 2020
  2. 2Belgian State Gazette, 09-12-2021
  3. 3Belgian State Gazette, 09-10-2023

Financials · fiscal year 2020, micro schema

Equity
-€23,271▼ 1,104%
2019 · -€1,932
Total assets
€58,605▼ 59.3%
2019 · €144,113
Net result
-€21,339▲ 7.9%
2019 · -€23,161
Working capital
€1,536▼ 93.3%
2019 · €22,876
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line201820192020
Operating result-€16,285--€14,591▲ 10.4%-€21,888▼ 50.0%
Net result-€22,142--€23,161▼ 4.6%-€21,339▲ 7.9%
Equity€21,228--€1,932-€23,271▼ 1,104%
Total assets€113,962-€144,113▲ 26.5%€58,605▼ 59.3%
Debt€92,733-€146,045▲ 57.5%€81,877▼ 43.9%
Working capital€21,292-€22,876▲ 7.4%€1,536▼ 93.3%
Staff (FTE)2-3.1▲ 55.0%2.6▼ 16.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€30,000-€20,000-€10,000€0Operating result 2018: -€16,285-€16,285Net result 2018: -€22,142-€22,142Operating result 2019: -€14,591-€14,591Net result 2019: -€23,161-€23,161Operating result 2020: -€21,888-€21,888Net result 2020: -€21,339-€21,339201820192020-€30,000-€20,000-€10,000€0Operating result 2018: -€16,285-€16,300Net result 2018: -€22,142-€22,100Operating result 2019: -€14,591-€14,600Net result 2019: -€23,161-€23,200Operating result 2020: -€21,888-€21,900Net result 2020: -€21,339-€21,300201820192020
The operating result stays negative: a loss of €21,888 in 2020 against €14,591 in 2019; the loss grows and 2020 has the lowest result in the available series.
Key figures and ratios
2020 value · change against 2019
Solvency
-39.7%▼
2019 · -1.3%
Current ratio
1.03▼
2019 · 1.19
Debt to equity
-1.07▲
2019 · -12.84
ROA
-36.4%▼
2019 · -16.1%
Debt ≤ 1 year
€57,069▼
2019 · €121,237
Debt > 1 year
€24,808=
2019 · €24,808
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2020 against 2019 · 21 lines
Balance sheet Code20192020
Assets
Total assets20/58€144,113€58,605▼
Current assets29/58€144,113€58,605▼
Amounts receivable within one year40/41€138,784€58,605▼
Cash at bank and in hand54/58€497-
Equity and liabilities
Total equity and liabilities10/49€144,113€58,605▼
Equity10/15-€1,932-€23,271▼
Contributions10/11€6,200-
Reserves13€44,517€44,517=
Profit (loss) carried forward14-€52,649-€73,988▼
Amounts payable17/49€146,045€81,877▼
Amounts payable after more than one year17€24,808€24,808=
Amounts payable within one year42/48€121,237€57,069▼
Trade debts44€74,698€33,027▼
Income statement Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,667-
Gross operating margin9900€50,165-€2,595▼
Operating profit (loss)9901-€14,591-€21,888▼
Recurring financial income75€3€1,929▲
Recurring financial charges65€8,572€1,380▼
Profit (loss) for the period before taxes9903-€23,161-€21,339▲
Profit (loss) for the period9904-€23,161-€21,339▲
Profit (loss) for the period to be appropriated9905-€23,161-€21,339▲
Line201820192020Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,667€2,667--
Gross operating margin9900€20,236€50,165-€2,595▼ 105%
Operating profit (loss)9901-€16,285-€14,591-€21,888▼ 50.0%
Recurring financial income75€1€3€1,929▲ 65,502%
Recurring financial charges65€5,857€8,572€1,380▼ 83.9%
Profit (loss) for the period before taxes9903-€22,142-€23,161-€21,339▲ 7.9%
Profit (loss) for the period9904-€22,142-€23,161-€21,339▲ 7.9%
Profit (loss) for the period to be appropriated9905-€22,142-€23,161-€21,339▲ 7.9%
Line201820192020Change
Assets
Total assets20/58€113,962€144,113€58,605▼ 59.3%
Fixed assets21/28€2,667---
Tangible fixed assets22/27€2,667---
Current assets29/58€111,295€144,113€58,605▼ 59.3%
Amounts receivable within one year40/41€111,278€138,784€58,605▼ 57.8%
Cash at bank and in hand54/58€17€497--
Equity and liabilities
Total equity and liabilities10/49€113,962€144,113€58,605▼ 59.3%
Equity10/15€21,228-€1,932-€23,271▼ 1,104%
Contributions10/11€6,200€6,200--
Reserves13€44,517€44,517€44,517=
Profit (loss) carried forward14-€29,489-€52,649-€73,988▼ 40.5%
Amounts payable17/49€92,733€146,045€81,877▼ 43.9%
Amounts payable after more than one year17€2,730€24,808€24,808=
Amounts payable within one year42/48€90,003€121,237€57,069▼ 52.9%
Trade debts44€45,223€74,698€33,027▼ 55.8%
Line201820192020Change
Profit (loss) for the period9904-€22,142-€23,161-€21,339▲ 7.9%
+ Depreciation and write-downs630€2,667€2,667--
Operating cash flow (approximation)-€19,475-€20,494-€21,339▼ 4.1%
Change in cash-€479--

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

Download as CSV

Timeline · acts, filings and financial milestones

2023
09-10
Bankruptcy Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 03-10-2023
2021
09-12
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 02-12-2021
28-10
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
01-11
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 93 days late
2019
31-12
Financial Weakest financial yearnet -€23,161
Net result drops to -€23,161, the lowest in the series.
17-10
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 78 days late
2018
31-10
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 92 days late
2017
29-09
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
30-09
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 61 days late
2015
28-08
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema · 28 days late
2014
30-09
NBB filing Annual accounts filed
fiscal year 2013 · abbreviated schema · 61 days late
2013
09-08
NBB filing Annual accounts filed
fiscal year 2012 · abbreviated schema · 9 days late
2012
07-08
NBB filing Annual accounts filed
fiscal year 2011 · abbreviated schema · 7 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 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

1 mandate
Role Name Tenure
Curator MARTE DE CALUWé
BREDESTRAAT 4, 2000 ANTWERPEN 1
02-12-2021 → 03-10-2023