R & P CONNECTION
InactiveR & P CONNECTION was declared bankrupt on 21-01-2022 (Ondernemingsrechtbank Gent, afdeling Oudenaarde); the bankruptcy was closed for insufficient assets by judgment of 12-10-2023, published in the Belgian State Gazette on 25-10-2023.
No longer registered with the KBO; last annual accounts for fiscal year 2020.
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 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 3 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline22-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 29-09-2021, 60 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
60 d late
2019
65 d late
← before the deadline
after the deadline →
Financials · fiscal year 2020, micro schema
Turnover
€77k
EBIT margin
8.9%
Net result
€30k▲ 400%
2019 · €6k
2018: €32k
2019: €6k
2018 → 2020
Working capital
€69k▲ 131%
2019 · €30k
2018: €28k
2019: €30k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Turnover€77k
Equity€33k-€39k▲ 18.3%€69k▲ 77.2%
Operating result€47k-€7k▼ 85.4%€29k▲ 325%
Net result€32k-€6k▼ 81.0%€30k▲ 400%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2020; 2020 is 325% above 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Equity and liabilities €132k
Equity
€69k▲ 77.2%
Debt
€63k▼ 10.8%
The debt ratio falls from 64.5% to 47.7%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
52.3%▲
2019 · 35.5%
Current ratio
2.10▲
2019 · 1.42
Quick ratio
2.04▲
2019 · 1.42
ROE
43.6%▲
2019 · 15.5%
ROA
22.8%▲
2019 · 5.5%
Debt
€63k▼
2019 · €71k
Debt ≤ 1 year
€63k▼
2019 · €71k
Income taxes
€9k▲
2019 · €6k
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 · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€110k€132k▲
Fixed assets21/28€9k-
Financial fixed assets28€9k-
Current assets29/58€101k€132k▲
Stocks and contracts in progress3-€4k
Amounts receivable within one year40/41€97k€125k▲
Cash at bank and in hand54/58€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€110k€132k▲
Equity10/15€39k€69k▲
Contributions10/11€1k-
Reserves13€38k€68k▲
Amounts payable17/49€71k€63k▼
Amounts payable within one year42/48€71k€63k▼
Trade debts44€37k€25k▼
Income statement
Code20192020
Turnover70€77k-
Gross operating margin9900€15k€31k▲
Operating profit (loss)9901€7k€29k▲
Recurring financial income75€6k€10k▲
Recurring financial charges65€586€467▼
Profit (loss) for the period before taxes9903€12k€39k▲
Income taxes67/77€6k€9k▲
Profit (loss) for the period9904€6k€30k▲
Profit (loss) for the period to be appropriated9905€6k€30k▲
Timeline · acts, filings and financial milestones
2023
25-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Oudenaarde · R & P CONNECTION THEODULE CANFIJNSTRAAT 45, 9600 RONSE · event 12-10-2023
2022
23-03
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Oudenaarde · R & P CONNECTION THEO- DULE CANFIJNSTRAAT 45, 9600 RONSE · event 21-01-2022
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
2020
04-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 65 days late
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 397 days late
2019
31-12
Financial
Weakest financial yearnet €6k ▼81%
Net result drops to €6k, the lowest in the series.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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 | Ali HEERMAN EINESTRAAT 34, 9700 OUDENAARDE- |
21-01-2022 → present |