PARADOXE RENOVATION
InactivePARADOXE RENOVATION was declared bankrupt on 30-04-2024 (Ondernemingsrechtbank Brussel); the bankruptcy was closed by liquidation by judgment of 11-03-2025, published in the Belgian State Gazette on 18-03-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three 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 31-12-2023, 3 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
31-12-2023 close31-07-2024 deadline24-09-2026 today
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 10-10-2023, 71 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
71 d late
2021
36 d early
2020
11 d early
2019
14 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€19k▲ 5.4%
2021 · €18k
2018: €16k
2019: €16k
2020: €17k
2021: €18k
2018 → 2022
Total assets
€118k▲ 4.8%
2021 · €112k
2018: €40k
2019: €44k
2020: €51k
2021: €112k
2018 → 2022
Net result
€996▼ 91.3%
2021 · €11k
2018: €2k
2019: €168
2020: €11k
2021: €11k
2018 → 2022
Working capital
€13k▲ 45.4%
2021 · €9k
2018: €7k
2019: €12k
2020: €10k
2021: €9k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€16k-€16k▲ 1.1%€17k▲ 5.1%€18k▲ 8.5%€19k▲ 5.4%
Operating result€5k-€3k▼ 49.0%€13k▲ 389%€12k▼ 11.8%€5k▼ 56.2%
Net result€2k-€168▼ 92.2%€11k▲ 6,332%€11k▲ 5.8%€996▼ 91.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2022 is 56% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €118k
Fixed assets
€9k ▼ 43.8%
Current assets
€109k ▲ 12.8%
Equity and liabilities €118k
Equity
€19k ▲ 5.4%
Debt
€98k ▲ 4.7%
Debt's share of the balance-sheet total falls from 83.6% to 83.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€13k▼
2021 · €17k
Cash flow
€9k▼
2021 · €17k
Current ratio
1.14▲
2021 · 1.10
Quick ratio
0.93▼
2021 · 1.10
Debt to equity
5.05▼
2021 · 5.09
ROE
5.1%▼
2021 · 62.1%
ROA
0.8%▼
2021 · 10.2%
Interest coverage
24.45▲
2021 · 18.26
Debt ≤ 1 year
€96k▲
2021 · €88k
Debt > 1 year
€3k▼
2021 · €6k
Income taxes
€3k
Staff costs
€122k▲
2021 · €57k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 48 lines
Balance sheet
Code20212022
Assets
Total assets20/58€112k€118k▲
Fixed assets21/28€16k€9k▼
Intangible fixed assets21€1k-
Tangible fixed assets22/27€14k€9k▼
Plant, machinery and equipment23€979-
Furniture and vehicles24€13k€9k▼
Current assets29/58€97k€109k▲
Stocks and contracts in progress3-€20k
Stocks30/36-€5k
Contracts in progress37-€15k
Amounts receivable within one year40/41€65k€52k▼
Trade receivables40€65k€52k▼
Cash at bank and in hand54/58€32k€37k▲
Deferred charges and accrued income490/1€443€545▲
Equity and liabilities
Total equity and liabilities10/49€112k€118k▲
Equity10/15€18k€19k▲
Contributions10/11€14k€14k=
Profit (loss) carried forward14€4k€5k▲
Amounts payable17/49€94k€98k▲
Amounts payable after more than one year17€6k€3k▼
Financial debts170/4€6k€3k▼
Amounts payable within one year42/48€88k€96k▲
Current portion of amounts payable after more than one year42€4k€4k=
Trade debts44€58k€82k▲
Suppliers440/4€58k€82k▲
Taxes, remuneration and social security45€13k€10k▼
Taxes450/3€3k€292▼
Remuneration and social security454/9€10k€10k▼
Other amounts payable47/48€13k€25▼
Income statement
Code20212022
Remuneration, social security and pensions62€57k€122k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€8k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€77k€137k▲
Operating profit (loss)9901€12k€5k▼
Financial income75/76B€850€57▼
Recurring financial income75€850€57▼
Non-recurring financial income76B€850€57▼
Financial charges65/66B€940€1k▲
Recurring financial charges65€940€523▼
Non-recurring financial charges66B-€569
Profit (loss) for the period before taxes9903€11k€4k▼
Income taxes67/77-€3k
Profit (loss) for the period9904€11k€996▼
Profit (loss) for the period to be appropriated9905€11k€996▼
Appropriation of the result
Profit (loss) to be appropriated9906€14k€5k▼
Profit (loss) brought forward from the previous period14P€3k€4k▲
Profit to be distributed694/7€10k-
Directors or managers695€10k-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-03
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Brussel · PARADOXE RENO- VATION BV KALKOVEN 15, 1820 STEENOKKERZEEL · event 11-03-2025
2024
07-05
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · PARADOXE RENOVATION BV KALKOVEN 15, 1820 STEENOKKERZEEL · event 30-04-2024
2023
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 71 days late
2022
25-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €11k ▲5.8%
Net result €11k, the highest in the series.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €168 ▼92.2%
Net result drops to €168, the lowest in the series.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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 | KARL VANSTIPELEN A. DE COCKPLEIN 9,
1831 DIEGEM |
30-04-2024 → 11-03-2025 |