PROPLASTICS, in vereffening
Open bankruptcySummary
A bankruptcy procedure is open for PROPLASTICS, in vereffening according to publications in the Belgian State Gazette. The 2017 annual accounts show negative equity (€-367k) and a net result of €-558k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 27-07-2018, 4 days ahead of the deadline.
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
not filed
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2017, abbreviated schema
Equity
€-367k
2016 · €191k
2014: €202k
2015: €207k
2016: €191k
2014 → 2017
Total assets
€2.77M▼ 13.1%
2016 · €3.19M
2014: €2.11M
2015: €3.21M
2016: €3.19M
2014 → 2017
Net result
€-558k▼ 3,405%
2016 · €-16k
2014: €2k
2015: €5k
2016: €-16k
2014 → 2017
Working capital
€-532k▼ 232%
2016 · €-160k
2014: €163k
2015: €-68k
2016: €-160k
2014 → 2017
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2014201520162017Trend
Equity€202k-€207k▲ 2.6%€191k▼ 7.7%€-367k
Operating result€130k-€-125k€77k€-466k
Net result€2k-€5k▲ 169%€-16k€-558k▼ 3,405%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2017: a loss of €466k after €77k in 2016, the lowest result in the available series.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €2.77M
Fixed assets
€1.54M ▼ 9.6%
Current assets
€1.23M ▼ 17.2%
Key figures and ratios
EBITDA
€-322k▼
2016 · €230k
Cash flow
€-414k▼
2016 · €137k
Solvency
-13.2%▼
2016 · 6.0%
Current ratio
0.70▼
2016 · 0.90
Quick ratio
0.47▼
2016 · 0.56
Debt to equity
-3.75▼
2016 · 6.92
ROA
-20.1%▼
2016 · -0.5%
Debt
€3.14M▲
2016 · €3.00M
Debt ≤ 1 year
€1.76M▲
2016 · €1.65M
Debt > 1 year
€1.38M▲
2016 · €1.32M
Income taxes
€1k▲
2016 · €430
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 · 2017 against 2016 · 26 lines
Balance sheet
Code20162017
Assets
Total assets20/58€3.19M€2.77M▼
Fixed assets21/28€1.71M€1.54M▼
Intangible fixed assets21€156k€131k▼
Tangible fixed assets22/27€1.55M€1.41M▼
Current assets29/58€1.49M€1.23M▼
Stocks and contracts in progress3€570k€396k▼
Amounts receivable within one year40/41€625k€618k▼
Cash at bank and in hand54/58€86k€112k▲
Equity and liabilities
Total equity and liabilities10/49€3.19M€2.77M▼
Equity10/15€191k€-367k▼
Contributions10/11€200k€200k=
Reserves13€7k€7k=
Profit (loss) carried forward14€-16k€-574k▼
Amounts payable17/49€3.00M€3.14M▲
Amounts payable after more than one year17€1.32M€1.38M▲
Amounts payable within one year42/48€1.65M€1.76M▲
Trade debts44€819k€769k▼
Income statement
Code20162017
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€153k€144k▼
Gross operating margin9900€933k€297k▼
Operating profit (loss)9901€77k€-466k▼
Recurring financial income75€3k€191▼
Recurring financial charges65€96k€91k▼
Profit (loss) for the period before taxes9903€-15k€-557k▼
Income taxes67/77€430€1k▲
Profit (loss) for the period9904€-16k€-558k▼
Profit (loss) for the period to be appropriated9905€-16k€-558k▼
Timeline · acts, filings and financial milestones
2019
12-06
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · PROPLASTICS, IN VEREFFE- NING BVBA INDUSTRIEWEG 17, 3840 BORGLOON · event 28-05-2019
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-12
Financial
Weakest financial yearnet €-558k
Net result drops to €-558k, the lowest in the series.
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
31-12
Financial
Highest result since 2014net €5k ▲169%
Net result €5k, the highest in the series.
22-04
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Tongeren-Borgloon · 1 establishment unit since 2013
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.
Industrieweg 173840 Tongeren-BorgloonGround area
1,681 m²
Building footprint
1,201 m²
Volume, LiDAR
5,374 m³
Parcel 73009B0029/00T000, Flanders · tallest building 7.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
PROPLASTICS
since 20132.218.323.385
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73009B0029/00T000 | Flanders | 1,681 m² | 1 · 1,201 m² | 7.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 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
3 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | PHILIPPE NOELMANS MOERENSTRAAT 33,
3700 TONGEREN |
28-05-2019 → present |
| Curator | CECILE NOEL-
MANS MOERENSTRAAT 33, 3700 TONGEREN- |
28-05-2019 → present |
| Curator | CATHERINE NOELMANS MOEREN-
STRAAT 33, 3700 TONGEREN |
28-05-2019 → present |
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Of 779 companies in sector 22220 we hold annual accounts for 598. 436 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded05-04-2013
Fiscal year end31-12
Activities, NACEBEL 2025
22220Manufacture of rubber and plastic products
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.