PARAFIN
InactivePARAFIN was declared bankrupt on 07-04-2022 (Ondernemingsrechtbank Gent, afdeling Oostende); the bankruptcy was closed for insufficient assets by judgment of 11-12-2023, published in the Belgian State Gazette on 19-12-2023.
Summary
Inactive; last annual accounts for fiscal year 2020.
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 30-06-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
30-06-2021 close31-01-2022 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-06-2020 was due by 31-01-2021 and was filed on 26-02-2021, 26 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
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
26 d late
2019
12 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 19 days after the deadline; 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 2020, micro schema
Equity
-€243,583▼ 1.5%
2019 · -€240,060
Total assets
€4,909▼ 87.9%
2019 · €40,561
Net result
-€3,523▲ 49.0%
2019 · -€6,906
Working capital
-€244,041▼ 1.3%
2019 · -€240,850
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
Line20192020
Operating result-€6,697--€4,196▲ 37.3%
Net result-€6,906--€3,523▲ 49.0%
Equity-€240,060--€243,583▼ 1.5%
Total assets€40,561-€4,909▼ 87.9%
Debt€280,621-€248,492▼ 11.4%
Working capital-€240,850--€244,041▼ 1.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4,196 in 2020 against €6,697 in 2019; the loss shrinks.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €4,909
Fixed assets
€632 ▼ 20.0%
Current assets
€4,277 ▼ 89.2%
Key figures and ratios
EBITDA
-€4,038▲
2019 · -€6,539
Cash flow
-€3,365▲
2019 · -€6,748
Debt ≤ 1 year
€248,319▼
2019 · €280,621
Ratios withheld: a balance sheet total of €4,909 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €158 | €158 | = |
| Gross operating margin9900 | -€4,687 | -€3,510 | ▲ 25.1% |
| Operating profit (loss)9901 | -€6,697 | -€4,196 | ▲ 37.3% |
| Recurring financial income75 | - | €883 | - |
| Recurring financial charges65 | €209 | €210 | ▲ 0.7% |
| Profit (loss) for the period before taxes9903 | -€6,906 | -€3,523 | ▲ 49.0% |
| Profit (loss) for the period9904 | -€6,906 | -€3,523 | ▲ 49.0% |
| Profit (loss) for the period to be appropriated9905 | -€6,906 | -€3,523 | ▲ 49.0% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €40,561 | €4,909 | ▼ 87.9% |
| Fixed assets21/28 | €790 | €632 | ▼ 20.0% |
| Tangible fixed assets22/27 | €790 | €632 | ▼ 20.0% |
| Current assets29/58 | €39,771 | €4,277 | ▼ 89.2% |
| Amounts receivable within one year40/41 | €22,935 | €2,964 | ▼ 87.1% |
| Cash at bank and in hand54/58 | €16,576 | €1,314 | ▼ 92.1% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €40,561 | €4,909 | ▼ 87.9% |
| Equity10/15 | -€240,060 | -€243,583 | ▼ 1.5% |
| Contributions10/11 | €19,100 | - | - |
| Reserves13 | €3,216 | €3,216 | = |
| Profit (loss) carried forward14 | -€262,405 | -€265,928 | ▼ 1.3% |
| Amounts payable17/49 | €280,621 | €248,492 | ▼ 11.4% |
| Amounts payable within one year42/48 | €280,621 | €248,319 | ▼ 11.5% |
| Trade debts44 | €7,622 | €6,915 | ▼ 9.3% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€6,906 | -€3,523 | ▲ 49.0% |
| + Depreciation and write-downs630 | €158 | €158 | = |
| Operating cash flow (approximation) | -€6,748 | -€3,365 | ▲ 50.1% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€15,262 | - |
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
19-12
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Oostende · event 11-12-2023
2022
14-04
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Oostende · event 07-04-2022
2021
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
12-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2019
17-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 76 days late
2018
19-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 322 days late
2017
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
2016
15-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
30-01
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
13-01
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
31-01
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
01-02
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 1 day late
SignalNBB filing
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | ROLAND PINTELON ZANDVOORDESTRAAT 444,
8400 OOSTENDE |
07-04-2022 → 11-12-2023 |
| Curator | BART BRONDERS ZAND-
VOOORDESTRAAT 444, 8400 OOSTENDE |
07-04-2022 → 11-12-2023 |