OVAL
InactiveOVAL was declared bankrupt on 04-10-2022 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed for insufficient assets by judgment of 20-02-2024, published in the Belgian State Gazette on 26-02-2024.
Summary
Inactive; last annual accounts for fiscal year 2018.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 30-06-2018. Since then, 7 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 3 filingsPosition against the passed deadline
30-06-2019 close31-01-2020 deadline26-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2018 was due by 31-01-2019 and was filed on 31-01-2019, 0 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filings
The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2018, abbreviated schema
Equity
-€8,097▼ 2,750%
2017 · -€284
Total assets
€7,367▲ 15.4%
2017 · €6,382
Net result
-€7,813▲ 4.3%
2017 · -€8,162
Working capital
-€8,097▼ 2,750%
2017 · -€284
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
Line201620172018
Operating result-€9,914--€7,036▲ 29.0%-€6,520▲ 7.3%
Net result-€10,702--€8,162▲ 23.7%-€7,813▲ 4.3%
Equity€5,678--€284-€8,097▼ 2,750%
Total assets€5,914-€6,382▲ 7.9%€7,367▲ 15.4%
Debt€236-€6,667▲ 2,730%€15,465▲ 132%
Working capital€5,678--€284-€8,097▼ 2,750%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6,520 in 2018 against €7,036 in 2017; the loss shrinks.
Key figures and ratios
Solvency
-109.9%▼
2017 · -4.5%
Current ratio
0.48▼
2017 · 0.96
ROA
-106.0%▲
2017 · -127.9%
Debt ≤ 1 year
€15,465▲
2017 · €6,667
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|
| Gross operating margin9900 | -€9,502 | -€7,036 | -€6,460 | ▲ 8.2% |
| Operating profit (loss)9901 | -€9,914 | -€7,036 | -€6,520 | ▲ 7.3% |
| Recurring financial charges65 | €788 | €1,126 | €1,293 | ▲ 14.9% |
| Profit (loss) for the period before taxes9903 | -€10,702 | -€8,162 | -€7,813 | ▲ 4.3% |
| Profit (loss) for the period9904 | -€10,702 | -€8,162 | -€7,813 | ▲ 4.3% |
| Profit (loss) for the period to be appropriated9905 | -€10,702 | -€8,162 | -€7,813 | ▲ 4.3% |
| Line | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €5,914 | €6,382 | €7,367 | ▲ 15.4% |
| Current assets29/58 | €5,914 | €6,382 | €7,367 | ▲ 15.4% |
| Amounts receivable within one year40/41 | €1,154 | €1,737 | €1,737 | = |
| Cash at bank and in hand54/58 | €4,760 | €4,645 | €5,630 | ▲ 21.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €5,914 | €6,382 | €7,367 | ▲ 15.4% |
| Equity10/15 | €5,678 | -€284 | -€8,097 | ▼ 2,750% |
| Contributions10/11 | €16,380 | €18,580 | €18,580 | = |
| Profit (loss) carried forward14 | -€10,702 | -€18,864 | -€26,677 | ▼ 41.4% |
| Amounts payable17/49 | €236 | €6,667 | €15,465 | ▲ 132% |
| Amounts payable within one year42/48 | €236 | €6,667 | €15,465 | ▲ 132% |
| Trade debts44 | - | €3,028 | - | - |
| Line | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,702 | -€8,162 | -€7,813 | ▲ 4.3% |
| Operating cash flow (approximation) | -€10,702 | -€8,162 | -€7,813 | ▲ 4.3% |
| Change in cash | - | -€115 | €985 | ▲ 958% |
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
2024
26-02
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Gent · event 20-02-2024
2022
10-10
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 04-10-2022
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 293 days late
20-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 658 days late
SignalNBB filing
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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 | SOFIE DE NIJS GROOT-BRITTANNIELAAN 10,
9000 GENT |
04-10-2022 → 20-02-2024 |