PARWAN
InactivePARWAN was declared bankrupt on 30-09-2021 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed by liquidation by judgment of 06-12-2022, published in the Belgian State Gazette on 12-12-2022.
Summary
Inactive; last annual accounts for fiscal year 2017.
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 30-06-2017. Since then, 8 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
30-06-2018 close31-01-2019 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2017 was due by 31-01-2018 and was filed on 19-12-2017, 43 days ahead of the deadline.
NBB · 10 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 2017, abbreviated schema
Turnover
€448,949
EBIT margin
-2.6%
Net result
-€13,968
2016 · €5,294
Working capital
€34,179▼ 29.7%
2016 · €48,590
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
Line2014201520162017
Turnover€448,949
Operating result€19,700-€1,354▼ 93.1%€5,721▲ 323%-€11,497
Net result€18,784--€3,444€5,294-€13,968
EBIT margin-2.6%
Equity€44,941-€41,497▼ 7.7%€46,792▲ 12.8%€32,824▼ 29.9%
Total assets€56,588-€180,817▲ 220%€65,386▼ 63.8%€48,613▼ 25.7%
Debt€5,647-€133,320▲ 2,261%€12,594▼ 90.6%€9,789▼ 22.3%
Working capital€46,531-€42,328▼ 9.0%€48,590▲ 14.8%€34,179▼ 29.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2016 Total assets -64% on 2015. Cause not known from the registers.
- 2015 Total assets +220% on 2014. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2017: a loss of €11,497 after €5,721 in 2016, the lowest result in the available series.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €48,613
Fixed assets
€4,645 ▲ 10.5%
Current assets
€43,968 ▼ 28.1%
Equity and liabilities €48,613
Equity
€32,824 ▼ 29.9%
Provisions
€6,000 =
Debt
€9,789 ▼ 22.3%
Debt's share of the balance-sheet total rises from 19.3% to 20.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€11,450▼
2016 · €6,689
Cash flow
-€13,921▼
2016 · €6,262
Current ratio
4.49▼
2016 · 4.86
Quick ratio
0.43▼
2016 · 1.70
Debt to equity
0.30
ROE
-42.6%▼
2016 · 11.3%
ROA
-28.7%▼
2016 · 8.1%
Interest coverage
-9.95
Debt ≤ 1 year
€9,789▼
2016 · €12,594
Income taxes
€1,322
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | - | - | €448,949 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €456,999 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €216 | €66 | €968 | €47 | ▼ 95.1% |
| Other operating charges640/8 | - | - | - | €3,400 | - |
| Gross operating margin9900 | €20,914 | €2,912 | €10,934 | -€8,050 | ▼ 174% |
| Operating profit (loss)9901 | €19,700 | €1,354 | €5,721 | -€11,497 | ▼ 301% |
| Financial income75/76B | - | - | - | €2 | - |
| Recurring financial income75 | - | €1 | - | €2 | - |
| Financial charges65/66B | - | - | - | €1,151 | - |
| Recurring financial charges65 | €916 | €2,205 | €427 | €1,151 | ▲ 170% |
| Profit (loss) for the period before taxes9903 | €18,784 | -€850 | €5,294 | -€12,646 | ▼ 339% |
| Income taxes67/77 | - | €2,594 | - | €1,322 | - |
| Profit (loss) for the period9904 | €18,784 | -€3,444 | €5,294 | -€13,968 | ▼ 364% |
| Profit (loss) for the period to be appropriated9905 | €18,784 | -€3,444 | €5,294 | -€13,968 | ▼ 364% |
| Line | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €56,588 | €180,817 | €65,386 | €48,613 | ▼ 25.7% |
| Fixed assets21/28 | €4,410 | €5,169 | €4,202 | €4,645 | ▲ 10.5% |
| Intangible fixed assets21 | €75 | €75 | - | - | - |
| Tangible fixed assets22/27 | €180 | €939 | €47 | - | - |
| Financial fixed assets28 | €4,155 | €4,155 | €4,155 | €4,645 | ▲ 11.8% |
| Current assets29/58 | €52,178 | €175,648 | €61,184 | €43,968 | ▼ 28.1% |
| Stocks and contracts in progress3 | €38,454 | €39,780 | €39,779 | €39,780 | = |
| Stocks30/36 | - | - | - | €39,780 | - |
| Amounts receivable within one year40/41 | €13,673 | €135,266 | €2,764 | €1,176 | ▼ 57.5% |
| Other amounts receivable41 | - | - | - | €1,176 | - |
| Cash at bank and in hand54/58 | €51 | €602 | €18,641 | €3,012 | ▼ 83.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €56,588 | €180,817 | €65,386 | €48,613 | ▼ 25.7% |
| Equity10/15 | €44,941 | €41,497 | €46,792 | €32,824 | ▼ 29.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | - |
| Issued capital100 | - | - | - | €18,600 | - |
| Reserves13 | €1,139 | €1,139 | €1,140 | €1,140 | = |
| Legal reserve130 | - | - | - | €1,140 | - |
| Profit (loss) carried forward14 | €25,202 | €21,758 | €27,052 | €13,084 | ▼ 51.6% |
| Provisions and deferred taxes16 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Provisions for liabilities and charges160/5 | - | - | - | €6,000 | - |
| Pensions and similar obligations160 | - | - | - | €6,000 | - |
| Amounts payable17/49 | €5,647 | €133,320 | €12,594 | €9,789 | ▼ 22.3% |
| Amounts payable within one year42/48 | €5,647 | €133,320 | €12,594 | €9,789 | ▼ 22.3% |
| Trade debts44 | €1,919 | €129,941 | €11,558 | €4,385 | ▼ 62.1% |
| Suppliers440/4 | - | - | - | €4,385 | - |
| Other amounts payable47/48 | - | - | - | €5,404 | - |
| Line | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,784 | -€3,444 | €5,294 | -€13,968 | ▼ 364% |
| + Depreciation and write-downs630 | €216 | €66 | €968 | €47 | ▼ 95.1% |
| Operating cash flow (approximation) | €19,000 | -€3,378 | €6,262 | -€13,921 | ▼ 322% |
| Investment in fixed assets (approximation) | - | -€825 | -€1 | -€490 | ▼ 48,900% |
| Change in cash | - | €551 | €18,039 | -€15,629 | ▼ 187% |
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
2022
12-12
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 06-12-2022
2021
11-10
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 30-09-2021
2017
19-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
30-06
Financial
Weakest financial yearnet -€13,968
Net result drops to -€13,968, the lowest in the series.
2016
29-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
30-06
Financial
Back to profitnet €5,294
Net result €5,294 after one loss-making year.
30-06
Financial
Liquidity quadruplescurrent ratio 4.86
Current ratio from 1.32 to 4.86; short-term debt falls from €133,320 to €12,594.
29-02
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
2014
15-10
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2012
29-02
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 29 days late
2011
28-02
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 28 days late
2010
16-03
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema · 44 days late
Show earlier events
2009
23-03
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema · 51 days late
2008
05-02
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema · 5 days late
2007
30-04
NBB filing
Annual accounts filed
fiscal year 2006 · abbreviated schema · 89 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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 | DOMINIQUE CLAES MECHELSESTEENWEG 12 /6,
2000 ANTWERPEN 1 |
30-09-2021 → 06-12-2022 |