PHONE EXPRESS
InactivePHONE EXPRESS was declared bankrupt on 26-01-2023 (Ondernemingsrechtbank Leuven); the bankruptcy was closed for insufficient assets by judgment of 18-04-2024, published in the Belgian State Gazette on 24-04-2024.
No longer registered with the KBO; last annual accounts for fiscal year 2019.
Signals
Four signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 4 filingsPosition against the passed deadline
31-12-2020 close31-07-2021 deadline21-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 21-08-2020, 21 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
not filed
2020
not filed
2019
21 d late
← before the deadline
after the deadline →
Financials · fiscal year 2019, micro schema
Equity
€-50k▼ 44.0%
2018 · €-35k
2018: €-35k
2018 → 2019
Total assets
€45k▲ 4.6%
2018 · €43k
2018: €43k
2018 → 2019
Net result
€-15k▲ 33.6%
2018 · €-23k
2018: €-23k
2018 → 2019
Working capital
€-53k▼ 35.6%
2018 · €-39k
2018: €-39k
2018 → 2019
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019Trend
Equity€-35k-€-50k▼ 44.0%
Operating result€-22k-€-14k▲ 35.0%
Net result€-23k-€-15k▲ 33.6%
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 €14k in 2019 against €22k in 2018; the loss shrinks.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €45k
Fixed assets
€3k▼ 28.6%
Current assets
€42k▲ 8.5%
Key figures and ratios
EBITDA
€-13k▲
2018 · €-20k
Cash flow
€-14k▲
2018 · €-22k
Solvency
-110.7%▼
2018 · -80.3%
Current ratio
0.44▼
2018 · 0.50
Quick ratio
0.10▲
2018 · 0.08
ROA
-33.8%▲
2018 · -53.3%
Debt
€96k▲
2018 · €78k
Debt ≤ 1 year
€96k▲
2018 · €78k
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 · 2019 against 2018
Balance sheet
Code20182019
Assets
Total assets20/58€43k€45k▲
Fixed assets21/28€5k€3k▼
Intangible fixed assets21€1k€567▼
Tangible fixed assets22/27€2k€913▼
Financial fixed assets28€2k€2k=
Current assets29/58€39k€42k▲
Stocks and contracts in progress3€32k€33k▲
Amounts receivable within one year40/41€3k€6k▲
Cash at bank and in hand54/58€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€43k€45k▲
Equity10/15€-35k€-50k▼
Contributions10/11€6k€6k=
Reserves13€310€310=
Profit (loss) carried forward14€-41k€-57k▼
Amounts payable17/49€78k€96k▲
Amounts payable within one year42/48€78k€96k▲
Trade debts44€11k€18k▲
Income statement
Code20182019
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k=
Gross operating margin9900€19k€22k▲
Operating profit (loss)9901€-22k€-14k▲
Recurring financial income75€48€3▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€-23k€-15k▲
Profit (loss) for the period9904€-23k€-15k▲
Profit (loss) for the period to be appropriated9905€-23k€-15k▲
Timeline · acts, filings and financial milestones
2024
24-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Leuven · PHONE EXPRESS BV MARTELARENSTRAAT 25, 3200 AARSCHOT · event 18-04-2024
2023
01-02
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · PHONE EXPRESS BV MARTE- LARENSTRAAT 25, 3200 AARSCHOT · event 26-01-2023
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
SignalNBB filing
Directors · office · real estate
Directors
5 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 | GERRY VERSCHUREN EIKENSTRAAT 1A,
3210 LUBBEEK |
26-01-2023 → present |