PROMOTHEQUE EUROPE
InactivePROMOTHEQUE EUROPE was declared bankrupt on 18-09-2023 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 14-05-2024, published in the Belgian State Gazette on 21-05-2024.
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 · 10 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 31-08-2022, 31 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
31 d late
2020
2 d early
2019
97 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Turnover
€24k▼ 45.3%
2019 · €43k
2018: €42k
2019: €43k
2018 → 2020
EBIT margin
-6.5%▼ 20.1pp
2019 · 13.6%
2018: 11.5%
2019: 13.6%
2018 → 2020
Net result
€72
2020 · €-2k
2018: €3k
2019: €4k
2020: €-2k
2018 → 2021
Working capital
€10k▲ 0.4%
2020 · €10k
2018: €7k
2019: €12k
2020: €10k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€42k-€43k▲ 1.8%€24k▼ 45.3%
Equity€-13k-€-8k▲ 35.7%€-10k▼ 26.2%€-10k▲ 0.7%
Operating result€5k-€6k▲ 19.7%€-2k€155
Net result€3k-€4k▲ 46.4%€-2k€72
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €155 after a loss of €2k in 2020.
Key figures and ratios
Solvency
-65.3%▲
2020 · -67.9%
Current ratio
2.68▼
2020 · 2.80
Debt to equity
-2.53▼
2020 · -1.94
ROA
0.5%▲
2020 · -14.1%
Debt
€26k▲
2020 · €25k
Debt ≤ 1 year
€6k▲
2020 · €5k
Debt > 1 year
€20k=
2020 · €20k
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 · 33 lines
Balance sheet
Code20202021
Assets
Total assets20/58€15k€15k▲
Current assets29/58€15k€15k▲
Amounts receivable within one year40/41€14k€15k▲
Trade receivables40-€6k
Other amounts receivable41-€8k
Cash at bank and in hand54/58€210€363▲
Deferred charges and accrued income490/1-€544
Equity and liabilities
Total equity and liabilities10/49€15k€15k▲
Equity10/15€-10k€-10k▲
Contributions10/11-€19k
Profit (loss) carried forward14€-29k€-29k▲
Amounts payable17/49€25k€26k▲
Amounts payable after more than one year17€20k€20k=
Financial debts170/4-€20k
Amounts payable within one year42/48€5k€6k▲
Trade debts44€1k€754▼
Suppliers440/4-€754
Taxes, remuneration and social security45-€5k
Taxes450/3-€5k
Income statement
Code20202021
Turnover70€24k-
Other operating charges640/8-€85
Gross operating margin9900€-1k€240▲
Operating profit (loss)9901€-2k€155▲
Financial income75/76B-€35
Recurring financial income75-€35
Financial charges65/66B-€117
Recurring financial charges65€566€117▼
Profit (loss) for the period before taxes9903€-2k€72▲
Income taxes67/77€11-
Profit (loss) for the period9904€-2k€72▲
Profit (loss) for the period to be appropriated9905€-2k€72▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-29k
Profit (loss) brought forward from the previous period14P-€-29k
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
21-05
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · PROMOTHEQUE EUROPE SRL AVENUE LOUISE 209/7, 1050 IXELLES. déclarée le 18 septembre 2023 · event 14-05-2024
2023
25-09
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · PROMOTHEQUE EUROPE SRL AVENUE LOUISE 209/7, 1050 IXELLES · event 18-09-2023
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €72
Net result €72 after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-2k ▼147%
Net result drops to €-2k, the lowest in the series.
05-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 97 days late
2019
31-12
Financial
Highest result since 2018net €4k ▲46.4%
Operating result €6k, net result €4k, both a record.
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
18-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 18 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
2016
17-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 17 days late
Show earlier events
2015
14-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 14 days late
2014
12-09
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 43 days late
2013
26-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 26 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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 | CLAIRE VAN DE VELDE AVENUE DE FRE 229,
1180 UCCLE |
18-09-2023 → 14-05-2024 |