OTRANTO
Open bankruptcyA bankruptcy procedure is open for OTRANTO according to publications in the Belgian State Gazette; curator: Stijn VANSCHOUBROEK.
Summary
Inactive; last annual accounts for fiscal year 2019.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 2 filingsPosition against the passed deadline
31-12-2020 close31-07-2021 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 15-06-2020, 46 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
46 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2019, micro schema
Turnover
€174k
EBIT margin
5.0%
Net result
€7k
2018 · €-12k
Working capital
€-8k
2018 · €19k
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
Line20182019
Turnover€174k
Operating result€-9k-€9k
Net result€-12k-€7k
EBIT margin5.0%
Equity€6k-€13k▲ 109%
Total assets€25k-€28k▲ 13.3%
Debt€19k-€15k▼ 18.4%
Working capital€19k-€-8k
Staff (FTE)0.5-0.8▲ 60.0%
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 2019: €9k after a loss of €9k in 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €28k
Fixed assets
€21k ▲ 43,193%
Current assets
€7k ▼ 71.8%
Equity and liabilities €28k
Equity
€13k ▲ 109%
Debt
€15k ▼ 18.4%
Debt's share of the balance-sheet total falls from 75.0% to 54.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€10k
Cash flow
€8k
Current ratio
0.46▼
2018 · 3.98
Quick ratio
0.32▼
2018 · 3.41
ROE
52.0%▲
2018 · -197.7%
ROA
23.9%▲
2018 · -49.4%
Debt ≤ 1 year
€15k▲
2018 · €6k
Income taxes
€109▲
2018 · €61
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Turnover70 | - | €174k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1k | - |
| Gross operating margin9900 | €2k | €26k | ▲ 1,526% |
| Operating profit (loss)9901 | €-9k | €9k | ▲ 200% |
| Recurring financial income75 | €0 | €0 | = |
| Recurring financial charges65 | €4k | €2k | ▼ 47.6% |
| Profit (loss) for the period before taxes9903 | €-12k | €7k | ▲ 156% |
| Income taxes67/77 | €61 | €109 | ▲ 80.3% |
| Profit (loss) for the period9904 | €-12k | €7k | ▲ 155% |
| Profit (loss) for the period to be appropriated9905 | €-12k | €7k | ▲ 155% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €25k | €28k | ▲ 13.3% |
| Fixed assets21/28 | €49 | €21k | ▲ 43,193% |
| Intangible fixed assets21 | - | €4k | - |
| Tangible fixed assets22/27 | - | €800 | - |
| Financial fixed assets28 | €49 | €17k | ▲ 33,437% |
| Current assets29/58 | €25k | €7k | ▼ 71.8% |
| Stocks and contracts in progress3 | €4k | €2k | ▼ 41.8% |
| Amounts receivable within one year40/41 | €48 | - | - |
| Cash at bank and in hand54/58 | €21k | €1k | ▼ 93.3% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €25k | €28k | ▲ 13.3% |
| Equity10/15 | €6k | €13k | ▲ 109% |
| Contributions10/11 | €19k | €19k | = |
| Profit (loss) carried forward14 | €-12k | €-6k | ▲ 54.9% |
| Amounts payable17/49 | €19k | €15k | ▼ 18.4% |
| Amounts payable within one year42/48 | €6k | €15k | ▲ 144% |
| Trade debts44 | €555 | €2k | ▲ 186% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-12k | €7k | ▲ 155% |
| + Depreciation and write-downs630 | - | €1k | - |
| Operating cash flow (approximation) | €-12k | €8k | ▲ 165% |
| Investment in fixed assets (approximation) | - | €-22k | - |
| Change in cash | - | €-20k | - |
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
2023
17-05
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 09-05-2023
2020
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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 | Stijn VANSCHOUBROEK KEIZER KARELLAAN 586
BUS 9, 1082 SINT-AGATHA-BERCHEM |
09-05-2023 → present |