PAULUS
Open bankruptcyA bankruptcy procedure is open for PAULUS according to publications in the Belgian State Gazette; curator: KRISTIAAN PATROONS.
No longer registered with the KBO; last annual accounts for fiscal year 2017.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2017. Since then, 8 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 7 filingsPosition against the passed deadline
31-12-2018 close31-07-2019 deadline15-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 02-11-2018, 94 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
Financials · fiscal year 2017, micro schema
Turnover
€82k▼ 9.7%
2016 · €91k
2013: €70k
2014: €62k
2015: €48k
2016: €91k
2013 → 2017
EBIT margin
-5.6%▲ 9.0pp
2016 · -14.6%
2013: -19.2%
2014: -20.3%
2015: -9.8%
2016: -14.6%
2013 → 2017
Net result
€-3k▼ 58.9%
2016 · €-2k
2013: €-3k
2014: €-1k
2015: €149
2016: €-2k
2013 → 2017
Working capital
€15k
2016 · €-5k
2013: €-9k
2014: €-7k
2015: €-8k
2016: €-5k
2013 → 2017
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20132014201520162017Trend
Turnover€70k-€62k▼ 12.5%€48k▼ 22.3%€91k▲ 89.3%€82k▼ 9.7%
Equity€7k-€6k▼ 16.9%€6k▲ 2.5%€4k▼ 31.0%€1k▼ 71.2%
Operating result€-14k-€-13k▲ 7.4%€-5k▲ 62.5%€-13k▼ 181%€-5k▲ 65.2%
Net result€-3k-€-1k▲ 56.7%€149€-2k€-3k▼ 58.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2017 against €13k in 2016; the loss shrinks.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €28k
Fixed assets
€9k▼ 19.8%
Current assets
€19k▲ 404%
Equity and liabilities €28k
Equity
€1k▼ 71.2%
Debt
€27k▲ 144%
The debt ratio rises from 72.1% to 95.6%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-2k▲
2016 · €-10k
Cash flow
€19▼
2016 · €1k
Solvency
4.4%▼
2016 · 27.9%
Current ratio
4.48▲
2016 · 0.43
Quick ratio
4.31▲
2016 · 0.35
Debt / equity
16.25
ROE
-247.6%▼
2016 · -44.8%
ROA
-10.8%▲
2016 · -12.5%
Debt
€27k▲
2016 · €11k
Debt ≤ 1 year
€4k▼
2016 · €9k
Debt > 1 year
€20k
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 · 2017 against 2016
Balance sheet
Code20162017
Assets
Total assets20/58€15k€28k▲
Fixed assets21/28€12k€9k▼
Tangible fixed assets22/27€11k€9k▼
Financial fixed assets28€140€140=
Current assets29/58€4k€19k▲
Stocks and contracts in progress3€715€715=
Amounts receivable within one year40/41€3k€16k▲
Cash at bank and in hand54/58€4€2k▲
Equity and liabilities
Total equity and liabilities10/49€15k€28k▲
Equity10/15€4k€1k▼
Contributions10/11€6k€6k=
Reserves13€3k€3k=
Profit (loss) carried forward14€-5k€-8k▼
Amounts payable17/49€11k€27k▲
Amounts payable after more than one year17-€20k
Amounts payable within one year42/48€9k€4k▼
Trade debts44€2k€4k▲
Income statement
Code20162017
Turnover70€91k€82k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Gross operating margin9900€-4k€1k▲
Operating profit (loss)9901€-13k€-5k▲
Recurring financial income75€5€2k▲
Recurring financial charges65€715€185▼
Profit (loss) for the period before taxes9903€-2k€-3k▼
Profit (loss) for the period9904€-2k€-3k▼
Profit (loss) for the period to be appropriated9905€-2k€-3k▼
Timeline · acts, filings and financial milestones
2021
05-11
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · PAULUS BV ELLERMAN- STRAAT 60, 2060 ANTWERPEN 6 · event 28-10-2021
2018
02-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 94 days late
2017
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series.
31-12
Financial
Liquidity times 10current ratio 4.48
Current ratio from 0.43 to 4.48; short-term debt falls from €9k to €4k.
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
03-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 3 days late
2015
31-12
Financial
Back to profitnet €149
Net result €149 after 2 loss-making years.
08-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 39 days late
2014
03-09
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 34 days late
2013
29-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 29 days late
2012
17-07
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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 | KRISTIAAN PATROONS MECHELSESTEENWEG 12
BUS 8, 2000 ANTWERPEN 1 |
28-10-2021 → present |