PARK ADENCO
InactivePARK ADENCO was declared bankrupt on 28-07-2022 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed by liquidation by judgment of 25-02-2025, published in the Belgian State Gazette on 18-03-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
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 31-12-2022, 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 · 4 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 15-06-2022, 46 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
46 d early
2020
172 d late
2019
117 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€7k
2020 · €-13k
2018: €-13k
2019: €-5k
2020: €-13k
2018 → 2021
Total assets
€38k▼ 52.8%
2020 · €81k
2018: €86k
2019: €139k
2020: €81k
2018 → 2021
Net result
€8k
2020 · €-8k
2018: €-19k
2019: €7k
2020: €-8k
2018 → 2021
Working capital
€5k
2020 · €-13k
2018: €-14k
2019: €-6k
2020: €-13k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€-13k-€-5k▲ 57.6%€-13k▼ 140%€7k
Operating result€-17k-€9k€-7k€9k
Net result€-19k-€7k€-8k€8k
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 2021: €9k after a loss of €7k in 2020, the highest result in the available series.
Balance-sheet composition
Assets €38k
Fixed assets
€2k
Current assets
€36k
Equity and liabilities €38k
Equity
€7k
Debt
€31k
Debt finances 81.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€11k▲
2020 · €-6k
Cash flow
€9k▲
2020 · €-7k
Current ratio
1.16▲
2020 · 0.86
Quick ratio
0.29▼
2020 · 0.43
Debt to equity
4.46
ROE
114.9%
ROA
21.1%▲
2020 · -9.4%
Interest coverage
7.11
Debt ≤ 1 year
€31k▼
2020 · €94k
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 · 2021 against 2020 · 41 lines
Balance sheet
Code20202021
Assets
Total assets20/58€81k€38k▼
Formation expenses20€337€48▼
Fixed assets21/28-€2k
Tangible fixed assets22/27-€2k
Furniture and vehicles24-€2k
Current assets29/58€81k€36k▼
Stocks and contracts in progress3€41k€27k▼
Stocks30/36-€27k
Amounts receivable within one year40/41€29k€8k▼
Trade receivables40-€2k
Other amounts receivable41-€6k
Cash at bank and in hand54/58€11k€594▼
Deferred charges and accrued income490/1-€752
Equity and liabilities
Total equity and liabilities10/49€81k€38k▼
Equity10/15€-13k€7k▲
Contributions10/11-€19k
Outside capital11-€19k
Other1109/19-€19k
Profit (loss) carried forward14€-20k€-12k▲
Amounts payable17/49€94k€31k▼
Amounts payable within one year42/48€94k€31k▼
Trade debts44€46k€16k▼
Suppliers440/4-€16k
Taxes, remuneration and social security45-€7k
Taxes450/3-€707
Remuneration and social security454/9-€7k
Other amounts payable47/48-€8k
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€288€1k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€68
Other operating charges640/8-€2k
Gross operating margin9900€576€13k▲
Operating profit (loss)9901€-7k€9k▲
Financial income75/76B-€159
Recurring financial income75€19€159▲
Financial charges65/66B-€1k
Recurring financial charges65€836€1k▲
Profit (loss) for the period before taxes9903€-8k€8k▲
Profit (loss) for the period9904€-8k€8k▲
Profit (loss) for the period to be appropriated9905€-8k€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-12k
Profit (loss) brought forward from the previous period14P-€-20k
The notes to these accounts (4 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 Antwerpen, afdeling Antwerpen · PARK ADENCO BVBA VAARTSTRAAT 193A, 2520 RANST · event 25-02-2025
2022
03-08
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · PARK ADENCO BVBA VAART- STRAAT 193A, 2520 RANST · event 28-07-2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
19-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 172 days late
2021
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
2020
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 117 days late
03-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 156 days late
2019
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
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 | GUY VANHOUCKE ANSELMOSTRAAT 2,
2018 ANTWERPEN 1 |
28-07-2022 → 25-02-2025 |