PROMENADE BUILDING
Open bankruptcyA bankruptcy procedure is open for PROMENADE BUILDING according to publications in the Belgian State Gazette. The 2019 annual accounts show equity of €474k and a net result of €-15k.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2019, abbreviated schema
Equity
€474k▼ 3.2%
2018 · €490k
2018: €490k
2018 → 2019
Total assets
€13.28M▼ 6.6%
2018 · €14.21M
2018: €14.21M
2018 → 2019
Net result
€-15k
2018 · €2k
2018: €2k
2018 → 2019
Working capital
€5.34M▼ 6.5%
2018 · €5.71M
2018: €5.71M
2018 → 2019
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019Trend
Equity€490k-€474k▼ 3.2%
Operating result€200k-€231k▲ 15.6%
Net result€2k-€-15k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2019; 2019 is 16% above 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €13.18M
Fixed assets
€680k▼ 25.6%
Current assets
€12.50M▼ 5.3%
Equity and liabilities €13.28M
Equity
€474k▼ 3.2%
Debt
€12.80M▼ 6.7%
The debt ratio falls from 96.6% to 96.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€249k▲
2018 · €240k
Cash flow
€2k▼
2018 · €42k
Solvency
3.6%▲
2018 · 3.4%
Current ratio
1.75▼
2018 · 1.76
Quick ratio
0.51▼
2018 · 0.60
Debt / equity
11.81▼
2018 · 12.06
ROE
-3.3%▼
2018 · 0.5%
ROA
-0.1%▼
2018 · 0.0%
Debt
€12.80M▼
2018 · €13.72M
Debt ≤ 1 year
€7.16M▼
2018 · €7.49M
Debt > 1 year
€5.60M▼
2018 · €5.91M
Income taxes
€29k▲
2018 · €2k
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€14.21M€13.28M▼
Formation expenses20€97k€97k=
Fixed assets21/28€915k€680k▼
Tangible fixed assets22/27€697k€463k▼
Financial fixed assets28€217k€217k=
Current assets29/58€13.20M€12.50M▼
Stocks and contracts in progress3€8.71M€8.81M▲
Amounts receivable within one year40/41€3.60M€3.28M▼
Current investments50/53€503k-
Cash at bank and in hand54/58€359k€320k▼
Equity and liabilities
Total equity and liabilities10/49€14.21M€13.28M▼
Equity10/15€490k€474k▼
Contributions10/11€300k€300k=
Reserves13€30k€30k=
Profit (loss) carried forward14€108k€93k▼
Amounts payable17/49€13.72M€12.80M▼
Amounts payable after more than one year17€5.91M€5.60M▼
Amounts payable within one year42/48€7.49M€7.16M▼
Trade debts44€100k€68k▼
Income statement
Code20182019
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€17k▼
Gross operating margin9900€283k€443k▲
Operating profit (loss)9901€200k€231k▲
Recurring financial income75€170€12k▲
Recurring financial charges65€196k€229k▲
Profit (loss) for the period before taxes9903€4k€14k▲
Income taxes67/77€2k€29k▲
Profit (loss) for the period9904€2k€-15k▼
Profit (loss) for the period to be appropriated9905€2k€-15k▼
Timeline · acts, filings and financial milestones
2022
29-06
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · PROMENADE BUILDING BV OUDE BAAN 106, 3360 BIERBEEK · event 23-06-2022
2021
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 243 days late
2019
14-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 75 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 58 days late
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 122 days late
2016
06-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 67 days late
2015
28-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
22-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 22 days late
2013
29-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 29 days late
2012
09-07
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
2011
04-08
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 4 days late
SignalNBB filing
Directors · office · real estate
Directors
2 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
Registered office, Bierbeek · 1 establishment unit since 2000
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.
Oude Baan 1063360 BierbeekGround area
4,984 m²
Building footprint
4,254 m²
Volume, LiDAR
23,335 m³
Parcel 24053B0176/00M000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Oudebaan 106, 3360 Bierbeek
since 20002.099.682.982
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24053B0176/00M000 | Flanders | 4,984 m² | 1 · 4,254 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via establishment units: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | JAN DE RIECK FONTEINSTRAAT 1A, 3000 LEUVEN- |
23-06-2022 → present |
| Curator | STEVEN VERBEKE OLV Broeders-
straat 3, 3300 TIENEN |
23-06-2022 → present |
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Of 9,139 companies in sector 68201 we hold annual accounts for 6,767. 5,030 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded08-06-2000
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.