PETHAS
InactivePETHAS was declared bankrupt on 23-05-2023 (Ondernemingsrechtbank Antwerpen, afdeling Tongeren); the bankruptcy was closed for insufficient assets by judgment of 09-04-2024, published in the Belgian State Gazette on 15-04-2024.
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 · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 24-10-2022, 85 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
85 d late
2020
432 d late
2019
770 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€-42k▼ 38.3%
2020 · €-30k
2018: €4k
2019: €-13k
2020: €-30k
2018 → 2021
Total assets
€28k▲ 905%
2020 · €3k
2018: €18k
2019: €6k
2020: €3k
2018 → 2021
Net result
€-12k▲ 34.1%
2020 · €-18k
2018: €-2k
2019: €-21k
2020: €-18k
2018 → 2021
Working capital
€-48k▼ 50.9%
2020 · €-32k
2018: €4k
2019: €-14k
2020: €-32k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€4k-€-13k€-30k▼ 138%€-42k▼ 38.3%
Operating result€-2k-€-20k▼ 827%€-15k▲ 25.0%€-7k▲ 50.0%
Net result€-2k-€-21k▼ 847%€-18k▲ 14.7%€-12k▲ 34.1%
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 €7k in 2021 against €15k in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €28k
Fixed assets
€6k ▲ 346%
Current assets
€22k ▲ 1,383%
Key figures and ratios
EBITDA
€-7k▲
2020 · €-14k
Cash flow
€-11k▲
2020 · €-17k
Solvency
-149.1%
Current ratio
0.32
Debt to equity
-1.67
ROA
-41.3%
Interest coverage
-1.57▲
2020 · -5.10
Debt
€70k▲
2020 · €33k
Debt ≤ 1 year
€70k▲
2020 · €33k
Staff costs
€15k▼
2020 · €35k
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 · 39 lines
Balance sheet
Code20202021
Assets
Total assets20/58€3k€28k▲
Fixed assets21/28€1k€6k▲
Tangible fixed assets22/27€1k€6k▲
Plant, machinery and equipment23€1k€860▼
Furniture and vehicles24-€5k
Current assets29/58€2k€22k▲
Amounts receivable within one year40/41-€21k
Trade receivables40-€14k
Other amounts receivable41-€7k
Cash at bank and in hand54/58€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€3k€28k▲
Equity10/15€-30k€-42k▼
Contributions10/11€10k€10k=
Capital10€10k€10k=
Issued capital100€19k€19k=
Uncalled capital101€9k€9k=
Profit (loss) carried forward14€-40k€-52k▼
Amounts payable17/49€33k€70k▲
Amounts payable within one year42/48€33k€70k▲
Trade debts44€9k€6k▼
Suppliers440/4€9k€6k▼
Taxes, remuneration and social security45€21k€35k▲
Taxes450/3€3k€11k▲
Remuneration and social security454/9€18k€24k▲
Other amounts payable47/48€3k€29k▲
Income statement
Code20202021
Remuneration, social security and pensions62€35k€15k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€430€738▲
Other operating charges640/8€112€2k▲
Gross operating margin9900€20k€10k▼
Operating profit (loss)9901€-15k€-7k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€-18k€-12k▲
Profit (loss) for the period9904€-18k€-12k▲
Profit (loss) for the period to be appropriated9905€-18k€-12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-40k€-52k▼
Profit (loss) brought forward from the previous period14P€-23k€-40k▼
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
2024
15-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · PETHAS BV BESSEMERSTRAAT 192/3, 3620 LANAKEN · event 09-04-2024
2023
26-05
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · PETHAS BV BESSEMER- STRAAT 192/3, 3620 LANAKEN · event 23-05-2023
2022
24-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 85 days late
06-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 432 days late
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 770 days late
2019
31-12
Financial
Weakest financial yearnet €-21k
Net result drops to €-21k, the lowest in the series.
13-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 74 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | GERRY BANKEN GROTESTRAAT 122, 3600 GENK- |
23-05-2023 → 09-04-2024 |
| Curator | ELISABETH VANBERGEN ROMBOUT-
STRAAT 8C, 3740 BILZEN |
23-05-2023 → 09-04-2024 |