PALAIS DES ROSES
InactivePALAIS DES ROSES was declared bankrupt on 24-10-2022 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed by liquidation by judgment of 09-04-2024, published in the Belgian State Gazette on 19-04-2024.
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 · 6 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline21-09-2026 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 29-09-2022, 60 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
60 d late
2020
90 d late
2019
138 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-13k▼ 5.0%
2020 · €-12k
2018: €18k
2019: €-9k
2020: €-12k
2018 → 2021
Working capital
€-5k
2020 · €3k
2018: €30k
2019: €6k
2020: €3k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€28k-€19k▼ 33.3%€19k▲ 1.0%€6k▼ 66.8%
Operating result€11k-€-9k€-11k▼ 15.3%€-5k▲ 54.6%
Net result€18k-€-9k€-12k▼ 28.6%€-13k▼ 5.0%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2021 against €11k in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €55k
Fixed assets
€11k▼ 31.6%
Current assets
€44k▲ 63.9%
Equity and liabilities €55k
Equity
€6k▼ 66.8%
Debt
€49k▲ 104%
The debt ratio rises from 55.4% to 88.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-3k▲
2020 · €-11k
Cash flow
€-11k▲
2020 · €-12k
Solvency
11.6%▼
2020 · 44.6%
Current ratio
0.90▼
2020 · 1.12
Quick ratio
0.89▼
2020 · 1.10
Debt / equity
7.65
ROE
-201.6%▼
2020 · -63.7%
ROA
-23.3%▲
2020 · -28.4%
Interest coverage
-2.31
Debt
€49k▲
2020 · €24k
Debt ≤ 1 year
€49k▲
2020 · €24k
Income taxes
€7k
Staff costs
€32k
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€43k€55k▲
Fixed assets21/28€16k€11k▼
Intangible fixed assets21-€0
Tangible fixed assets22/27€16k€9k▼
Furniture and vehicles24-€9k
Financial fixed assets28-€2k
Current assets29/58€27k€44k▲
Stocks and contracts in progress3€690€450▼
Stocks30/36-€450
Amounts receivable within one year40/41€21k€37k▲
Trade receivables40-€13k
Other amounts receivable41-€24k
Cash at bank and in hand54/58€4k€7k▲
Equity and liabilities
Total equity and liabilities10/49€43k€55k▲
Equity10/15€19k€6k▼
Contributions10/11€19k€19k=
Reserves13€500€500=
Non-distributable reserves130/1-€500
Reserves not available under the articles1311-€500
Profit (loss) carried forward14€84€-13k▼
Amounts payable17/49€24k€49k▲
Amounts payable within one year42/48€24k€49k▲
Trade debts44€19k€41k▲
Suppliers440/4-€41k
Taxes, remuneration and social security45-€7k
Remuneration and social security454/9-€7k
Income statement
Code20202021
Remuneration, social security and pensions62-€32k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€95€2k▲
Other operating charges640/8-€1k
Gross operating margin9900€-11k€31k▲
Operating profit (loss)9901€-11k€-5k▲
Recurring financial income75€64-
Financial charges65/66B-€1k
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€-12k€-6k▲
Income taxes67/77-€7k
Profit (loss) for the period9904€-12k€-13k▼
Profit (loss) for the period to be appropriated9905€-12k€-13k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-13k
Profit (loss) brought forward from the previous period14P-€84
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
19-04
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise francophone de Bruxelles · PALAIS DES ROSES SPRL AVENUE DE STALINGRAD 52, 1000 BRUXELLES. déclarée le 24 octobre 2022 · event 09-04-2024
2022
31-10
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · PALAIS DES ROSES SPRL AVENUE DE STALINGRAD 52, 1000 BRUXELLES 1 · event 24-10-2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 60 days late
2021
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 90 days late
2020
16-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 138 days late
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 372 days late
2019
23-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 510 days late
01-03
Bankruptcy
Bankruptcy reversal
Tribunal de l’entreprise francophone de Bruxelles · SPRL PALAIS DES ROSES BOULEVARD MAURICE LEMONNIER 187, 1000 BRUXELLES 1. déclarée le 18 décembre 2018 · event 19-02-2019
2017
27-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 119 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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 | Catherine HERINCKX AVENUE DU CONGO 1,
1050 BRUXELLES 5 |
24-10-2022 → present |