ORIGANO
InactiveSignals
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 · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline01-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 31-08-2022, 31 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 filingsDeviation from the deadline
2021
31 d late
2020
438 d late
2019
803 d late
2018
31 d late
2017
31 d late
2016
30 d late
2015
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 199 days after the deadline; the Belgian median for financial year 2021 is 3 days before the deadline, and 44% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
UBO non-compliance
History
Financials · fiscal year 2021, micro schema
Equity
-€46,888=
2020 · -€46,888
Total assets
€42,882=
2020 · €42,882
Net result
€20,971
2019 · -€44,241
Working capital
-€1,522=
2020 · -€1,522
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result-€22,047€21,390
Net result-€44,241€20,971
Equity€8,857--€67,860-€46,888▲ 30.9%-€46,888=
Total assets€163,373-€100,801▼ 38.3%€42,882▼ 57.5%€42,882=
Debt€150,817-€168,660▲ 11.8%€89,770▼ 46.8%€89,770=
Working capital-€94,520--€31,588▲ 66.6%-€1,522▲ 95.2%-€1,522=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2020: €21,390 after a loss of €22,047 in 2019.
Key figures and ratios
Solvency
-109.3%=
2020 · -109.3%
Current ratio
0.97=
2020 · 0.97
Debt ≤ 1 year
€44,403=
2020 · €44,403
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €16,389 | €31,395 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €22,218 | - | - | - |
| Other operating charges640/8 | - | €6,094 | €168 | - | - |
| Gross operating margin9900 | - | €6,265 | €21,558 | - | - |
| Operating profit (loss)9901 | - | -€22,047 | €21,390 | - | - |
| Financial income75/76B | - | €3,904 | €1,836 | - | - |
| Recurring financial income75 | - | €3,904 | €1,836 | - | - |
| Non-recurring financial income76B | - | €3,904 | - | - | - |
| Financial charges65/66B | - | €4,423 | €2,255 | - | - |
| Recurring financial charges65 | - | €4,423 | €2,255 | - | - |
| Profit (loss) for the period before taxes9903 | - | -€22,566 | €20,971 | - | - |
| Income taxes67/77 | - | €21,675 | - | - | - |
| Profit (loss) for the period9904 | - | -€44,241 | €20,971 | - | - |
| Profit (loss) for the period to be appropriated9905 | - | -€44,241 | €20,971 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €163,373 | €100,801 | €42,882 | €42,882 | = |
| Fixed assets21/28 | €132,258 | €89,355 | - | - | - |
| Tangible fixed assets22/27 | €132,258 | €89,355 | - | - | - |
| Land and buildings22 | - | €46,604 | - | - | - |
| Plant, machinery and equipment23 | - | €24,043 | - | - | - |
| Furniture and vehicles24 | - | €18,708 | - | - | - |
| Current assets29/58 | €31,115 | €11,446 | €42,882 | €42,882 | = |
| Amounts receivable within one year40/41 | €4,743 | €7,999 | €25,643 | €25,643 | = |
| Other amounts receivable41 | - | €7,999 | €25,643 | €25,643 | = |
| Cash at bank and in hand54/58 | €26,373 | €3,447 | €3,465 | €3,465 | = |
| Deferred charges and accrued income490/1 | - | - | €13,773 | €13,773 | = |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €163,373 | €100,801 | €42,882 | €42,882 | = |
| Equity10/15 | €8,857 | -€67,860 | -€46,888 | -€46,888 | = |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | - | €18,592 | €18,592 | €18,592 | = |
| Issued capital100 | - | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €30,946 | €30,946 | €30,946 | €30,946 | = |
| Non-distributable reserves130/1 | - | €1,008 | €1,008 | €1,008 | = |
| Legal reserve130 | - | €1,008 | €1,008 | €1,008 | = |
| Distributable reserves133 | - | €29,938 | €29,938 | €29,938 | = |
| Profit (loss) carried forward14 | -€40,681 | -€117,397 | -€96,426 | -€96,426 | = |
| Provisions and deferred taxes16 | €3,700 | - | - | - | - |
| Amounts payable17/49 | €150,817 | €168,660 | €89,770 | €89,770 | = |
| Amounts payable within one year42/48 | €125,636 | €43,033 | €44,403 | €44,403 | = |
| Financial debts43 | - | €17,837 | €2,405 | €2,405 | = |
| Credit institutions430/8 | - | €17,837 | €2,405 | €2,405 | = |
| Trade debts44 | €86,459 | €22,120 | €41,998 | €41,998 | = |
| Suppliers440/4 | - | €22,120 | €41,998 | €41,998 | = |
| Other amounts payable47/48 | - | €3,077 | - | - | - |
| Accrued charges and deferred income492/3 | - | €125,627 | €45,366 | €45,366 | = |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | - | -€44,241 | €20,971 | - | - |
| + Depreciation and write-downs630 | - | €22,218 | - | - | - |
| Operating cash flow (approximation) | - | -€22,023 | €20,971 | - | - |
| Investment in fixed assets (approximation) | - | €20,685 | - | - | - |
| Change in cash | - | -€22,926 | €19 | €0 | ▼ 100% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
20-03
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 16-03-2026
2024
01-03
KBO administration
UBO non-compliance
event 22-02-2024
2023
07-07
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 03-07-2023
2022
12-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 438 days late
12-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 803 days late
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €20,971
Net result €20,971 after one loss-making year.
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
2015
27-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
29-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 29 days late
2013
27-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 27 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | KRIS VAN DEN BERGHEN Frederik De Merode- Straat 94-96, 2800 Mechelen |
03-07-2023 → 16-03-2026 |
Company details
Identification
Legal formBVBA
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.