R & L WORKS
InactiveR & L WORKS was declared bankrupt on 30-09-2021 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed by liquidation by judgment of 23-05-2023, published in the Belgian State Gazette on 26-05-2023.
Summary
Inactive; last annual accounts for fiscal year 2016.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2016. Since then, 9 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 3 filingsPosition against the passed deadline
31-12-2017 close31-07-2018 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2016 was due by 31-07-2017 and was filed on 24-10-2017, 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 · 3 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 2016, micro schema
Equity
€21k▲ 942%
2014 · €2k
2013: €3k
2014: €2k
2013 → 2016
Total assets
€70k▲ 27.9%
2014 · €55k
2013: €21k
2014: €55k
2013 → 2016
Net result
€28k
2014 · €-1k
2013: €-3k
2014: €-1k
2013 → 2016
Working capital
€20k▲ 2,163%
2014 · €891
2013: €1k
2014: €891
2013 → 2016
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201320142016Trend
Equity€3k-€2k▼ 37.2%€21k▲ 942%
Operating result€-3k-€2k€25k▲ 1,038%
Net result€-3k-€-1k▲ 62.8%€28k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €25k in 2016, compared with €2k in 2014. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2016 in colour, 2014 as the grey bar beneath
Assets €70k
Fixed assets
€485 ▼ 55.5%
Current assets
€70k ▲ 29.6%
Equity and liabilities €70k
Equity
€21k ▲ 942%
Debt
€50k ▼ 6.2%
Debt's share of the balance-sheet total falls from 96.4% to 70.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€26k▲
2014 · €3k
Cash flow
€29k▲
2014 · €-163
Current ratio
1.40▲
2014 · 1.02
ROE
137.7%▲
2014 · -59.2%
ROA
40.3%▲
2014 · -2.1%
Debt ≤ 1 year
€50k▼
2014 · €53k
Income taxes
€3k▲
2014 · €2k
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 · 2016 against 2014 · 24 lines
Balance sheet
Code20142016
Assets
Total assets20/58€55k€70k▲
Fixed assets21/28€1k€485▼
Tangible fixed assets22/27€1k€435▼
Financial fixed assets28-€50
Current assets29/58€54k€70k▲
Amounts receivable within one year40/41€49k€69k▲
Cash at bank and in hand54/58€5k€1k▼
Equity and liabilities
Total equity and liabilities10/49€55k€70k▲
Equity10/15€2k€21k▲
Contributions10/11€2k€2k=
Reserves13€5k€19k▲
Profit (loss) carried forward14€-4k€-4k=
Amounts payable17/49€53k€50k▼
Amounts payable within one year42/48€53k€50k▼
Trade debts44€41k€7k▼
Income statement
Code20142016
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€423▼
Gross operating margin9900€11k€29k▲
Operating profit (loss)9901€2k€25k▲
Recurring financial income75€502€6k▲
Recurring financial charges65€2k€481▼
Profit (loss) for the period before taxes9903€1k€31k▲
Income taxes67/77€2k€3k▲
Profit (loss) for the period9904€-1k€28k▲
Profit (loss) for the period to be appropriated9905€-1k€28k▲
Timeline · acts, filings and financial milestones
2023
26-05
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · R & L WORKS BVBA EKSTERLAAR 49/301, 2100 DEURNE (ANTWERPEN) · event 23-05-2023
2021
06-10
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · R & L WORKS BVBA EKSTER- LAAR 49/301, 2100 DEURNE (ANTWERPEN) · event 30-09-2021
2017
24-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 85 days late
2016
31-12
Financial
Back to profitnet €28k
Net result €28k after 2 loss-making years.
2015
17-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 17 days late
30-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 364 days late
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
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 | TOON BRAWERS JUSTITIESTRAAT 27 BUS 12, 2018 -
ANTWERPEN |
30-09-2021 → 23-05-2023 |