ORCHIDEE HD
InactiveORCHIDEE HD was declared bankrupt on 12-09-2023 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 17-09-2024, published in the Belgian State Gazette on 24-09-2024.
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 · 8 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline23-09-2026 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 31-10-2022, 92 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
92 d late
2020
104 d late
2019
51 d early
← before the deadline
after the deadline →
Financials · fiscal year 2021, full schema
Turnover
€63k▼ 36.7%
2020 · €99k
2018: €47k
2019: €52k
2020: €99k
2018 → 2021
EBIT margin
-3.8%▼ 5.6pp
2020 · 1.8%
2018: -21.4%
2019: 6.5%
2020: 1.8%
2018 → 2021
Net result
€-4k
2020 · €1k
2018: €-11k
2019: €3k
2020: €1k
2018 → 2021
Working capital
€-21k▼ 16.2%
2020 · €-18k
2018: €-20k
2019: €-17k
2020: €-18k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€47k-€52k▲ 11.3%€99k▲ 89.6%€63k▼ 36.7%
Equity€-20k-€-17k▲ 13.4%€-16k▲ 6.9%€-20k▼ 22.0%
Operating result€-10k-€3k€2k▼ 48.2%€-2k
Net result€-11k-€3k€1k▼ 55.7%€-4k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €2k after €2k in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €8k
Fixed assets
€843▼ 45.1%
Current assets
€7k▲ 46.7%
Key figures and ratios
EBITDA
€-2k▼
2020 · €2k
Cash flow
€-3k▼
2020 · €2k
Solvency
-250.7%▲
2020 · -255.7%
Current ratio
0.25▲
2020 · 0.21
Quick ratio
0.25▲
2020 · 0.21
Debt / equity
-1.40
ROA
-45.2%▼
2020 · 18.8%
Interest coverage
-1.42
Debt
€28k▲
2020 · €23k
Debt ≤ 1 year
€28k▲
2020 · €23k
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€6k€8k▲
Fixed assets21/28€2k€843▼
Tangible fixed assets22/27€1k€693▼
Plant, machinery and equipment23-€693
Financial fixed assets28€150€150=
Current assets29/58€5k€7k▲
Amounts receivable within one year40/41€5k€7k▲
Trade receivables40-€6k
Other amounts receivable41-€618
Equity and liabilities
Total equity and liabilities10/49€6k€8k▲
Equity10/15€-16k€-20k▼
Contributions10/11€19k€19k=
Capital10-€19k
Issued capital100-€19k
Reserves13€233€233=
Non-distributable reserves130/1-€233
Legal reserve130-€233
Profit (loss) carried forward14€-35k€-39k▼
Amounts payable17/49€23k€28k▲
Amounts payable within one year42/48€23k€28k▲
Financial debts43-€5k
Credit institutions430/8-€5k
Trade debts44-€18
Suppliers440/4-€18
Taxes, remuneration and social security45-€868
Taxes450/3-€868
Other amounts payable47/48-€22k
Income statement
Code20202021
Turnover70€99k€63k▼
Goods, raw materials, services and sundry goods60/61-€63k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€693€693=
Other operating charges640/8-€881
Gross operating margin9900€3k€-803▼
Operating profit (loss)9901€2k€-2k▼
Financial charges65/66B-€1k
Recurring financial charges65€575€1k▲
Profit (loss) for the period before taxes9903€1k€-4k▼
Profit (loss) for the period9904€1k€-4k▼
Profit (loss) for the period to be appropriated9905€1k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-39k
Profit (loss) brought forward from the previous period14P-€-35k
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
24-09
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · ORCHIDEE HD BV GROOT-BIJGAARDENSTRAAT 23, 1600 SINT-PIETERS- LEEUW · event 17-09-2024
2023
19-09
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · ORCHIDEE HD BV GROOT- BIJGAARDENSTRAAT 23, 1600 SINT-PIETERS-LEEUW · event 12-09-2023
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 92 days late
2021
12-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 104 days late
2020
10-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 69 days late
2018
23-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 84 days late
2017
13-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 74 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 60 days late
2015
25-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 56 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 | MICHIEL VERRAES EDMOND TOLLENAERE-
STRAAT 56-79 B23, 1020 BRUSSEL 2 |
12-09-2023 → present |