RAINBOW LEMON
Open bankruptcyA bankruptcy procedure is open for RAINBOW LEMON according to publications in the Belgian State Gazette; curator: THOMAS NICLAES.
Summary
Inactive; last annual accounts for fiscal year 2023.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Antwerp, Antwerp division
- Declared bankrupt
- 8 October 2024
- Supervising judge
- Luc Hermans
- Official Gazette
- 14-10-2024 (pdf) ↗search the document for 2024/138803
Curator
- Thomas NiclaesBrusselstraat 7, 2000 Antwerpen 1niclaes@blienberg.com
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-03-2024, 2 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
31-03-2024 close31-10-2024 deadline27-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-03-2023 was due by 31-10-2023 and was filed on 01-07-2024, 244 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
244 d late
2022
14 d late
2021
18 d late
2020
24 d late
2019
4 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 61 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?Debtor check
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
-€1.5m
2022 · €432,560
Total assets
€189,181▼ 90.4%
2022 · €2.0m
Net result
-€1.6m▼ 9,635%
2022 · -€16,464
Working capital
€29,007▼ 58.4%
2022 · €69,720
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€22,421--€14,376€275-€3,829-€49,650▼ 1,197%
Net result€9,942--€42,936-€18,424▲ 57.1%-€16,464▲ 10.6%-€1.6m▼ 9,635%
Equity€510,384-€467,448▼ 8.4%€449,024▼ 3.9%€432,560▼ 3.7%-€1.5m
Total assets€2.1m-€2.0m▼ 6.8%€1.9m▼ 1.1%€2.0m▲ 1.3%€189,181▼ 90.4%
Debt€1.6m-€1.5m▼ 6.3%€1.5m▼ 0.2%€1.5m▲ 2.8%€1.7m▲ 9.0%
Working capital-€146,806--€77,733▲ 47.1%-€132,959▼ 71.0%€69,720€29,007▼ 58.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2023 Net result -9,635%, Total assets -90% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €49,650 in 2023 against €3,829 in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €189,181
Fixed assets
€15,904 ▼ 99.2%
Current assets
€173,277 ▲ 143%
Key figures and ratios
EBITDA
-€49,650▼
2022 · -€3,115
Cash flow
-€1.6m▼
2022 · -€15,750
Solvency
-785.5%▼
2022 · 22.0%
Current ratio
1.20▼
2022 · 47.37
Debt to equity
-1.13▼
2022 · 3.55
ROA
-847.2%▼
2022 · -0.8%
Interest coverage
-9.61▼
2022 · -0.25
Debt ≤ 1 year
€144,270▲
2022 · €1,504
Debt > 1 year
€1.5m▼
2022 · €1.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,044 | €11,714 | €714 | €714 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €1,045 | €2,007 | ▲ 92.2% |
| Gross operating margin9900 | €35,482 | -€1,642 | €2,011 | -€2,070 | -€47,642 | ▼ 2,202% |
| Operating profit (loss)9901 | €22,421 | -€14,376 | €275 | -€3,829 | -€49,650 | ▼ 1,197% |
| Financial income75/76B | - | - | - | - | €1 | - |
| Recurring financial income75 | €1,400 | - | - | - | €1 | - |
| Financial charges65/66B | - | - | - | €12,635 | €1.6m | ▲ 12,192% |
| Recurring financial charges65 | €18,315 | €27,560 | €18,699 | €12,635 | €5,169 | ▼ 59.1% |
| Non-recurring financial charges66B | - | - | - | - | €1.5m | - |
| Profit (loss) for the period before taxes9903 | €11,605 | -€41,936 | -€18,424 | -€16,464 | -€1.6m | ▼ 9,635% |
| Income taxes67/77 | €1,664 | €1,000 | - | - | - | - |
| Profit (loss) for the period9904 | €9,942 | -€42,936 | -€18,424 | -€16,464 | -€1.6m | ▼ 9,635% |
| Profit (loss) for the period to be appropriated9905 | €9,942 | -€42,936 | -€18,424 | -€16,464 | -€1.6m | ▼ 9,635% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.1m | €2.0m | €1.9m | €2.0m | €189,181 | ▼ 90.4% |
| Fixed assets21/28 | €2.1m | €1.9m | €1.9m | €1.9m | €15,904 | ▼ 99.2% |
| Intangible fixed assets21 | €13,142 | €1,428 | €714 | - | - | - |
| Financial fixed assets28 | €2.1m | €1.9m | €1.9m | €1.9m | €15,904 | ▼ 99.2% |
| Current assets29/58 | €27,594 | €18,901 | €33,331 | €71,224 | €173,277 | ▲ 143% |
| Amounts receivable within one year40/41 | €7,375 | €7,113 | €19,157 | €51,182 | €43,452 | ▼ 15.1% |
| Trade receivables40 | - | - | - | €726 | €833 | ▲ 14.7% |
| Other amounts receivable41 | - | - | - | €50,455 | €42,619 | ▼ 15.5% |
| Current investments50/53 | €11,500 | €11,500 | €11,500 | €11,500 | €500 | ▼ 95.7% |
| Cash at bank and in hand54/58 | €8,719 | €288 | €1,518 | €7,776 | €128,949 | ▲ 1,558% |
| Deferred charges and accrued income490/1 | - | - | - | €766 | €376 | ▼ 50.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.1m | €2.0m | €1.9m | €2.0m | €189,181 | ▼ 90.4% |
| Equity10/15 | €510,384 | €467,448 | €449,024 | €432,560 | -€1.5m | ▼ 444% |
| Contributions10/11 | €50,000 | - | - | €50,000 | €50,000 | = |
| Revaluation surpluses12 | - | - | - | €315,759 | €0 | ▼ 100% |
| Reserves13 | €166,585 | €166,585 | €166,585 | €166,585 | €166,585 | = |
| Non-distributable reserves130/1 | - | - | - | €5,000 | €5,000 | = |
| Reserves not available under the articles1311 | - | - | - | €5,000 | €5,000 | = |
| Distributable reserves133 | - | - | - | €161,585 | €161,585 | = |
| Profit (loss) carried forward14 | -€21,960 | -€64,896 | -€83,321 | -€99,785 | -€1.7m | ▼ 1,606% |
| Amounts payable17/49 | €1.6m | €1.5m | €1.5m | €1.5m | €1.7m | ▲ 9.0% |
| Amounts payable after more than one year17 | €1.4m | €1.4m | €1.3m | €1.5m | €1.5m | ▼ 0.2% |
| Financial debts170/4 | - | - | - | €92,462 | €0 | ▼ 100% |
| Other amounts payable178/9 | - | - | - | €1.4m | €1.5m | ▲ 6.2% |
| Amounts payable within one year42/48 | €174,400 | €96,634 | €166,290 | €1,504 | €144,270 | ▲ 9,495% |
| Trade debts44 | €1,585 | €1,404 | €4,320 | €1,495 | €298 | ▼ 80.0% |
| Suppliers440/4 | - | - | - | €1,495 | €298 | ▼ 80.0% |
| Taxes, remuneration and social security45 | - | - | - | €8 | €0 | ▼ 100% |
| Taxes450/3 | - | - | - | €8 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | - | €143,972 | - |
| Accrued charges and deferred income492/3 | - | - | - | €1,000 | €1,000 | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,942 | -€42,936 | -€18,424 | -€16,464 | -€1.6m | ▼ 9,635% |
| + Depreciation and write-downs630 | €12,044 | €11,714 | €714 | €714 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €21,986 | -€31,222 | -€17,710 | -€15,750 | -€1.6m | ▼ 10,076% |
| Investment in fixed assets (approximation) | - | €123,830 | €35,000 | €11,900 | €1.9m | ▲ 15,711% |
| Change in cash | - | -€8,431 | €1,230 | €6,258 | €121,173 | ▲ 1,836% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
14-10
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 08-10-2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 244 days late
2023
31-03
Financial
Weakest financial yearnet -€1.6m
Net result drops to -€1.6m, the lowest in the series.
2022
14-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 14 days late
31-03
Financial
Liquidity times 236current ratio 47.37
Current ratio from 0.20 to 47.37; short-term debt falls from €166,290 to €1,504.
2021
18-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2020
24-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2019
04-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
02-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
19-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
28-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2014
25-09
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
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | THOMAS NICLAES BRUSSELSTRAAT 7,
2000 ANTWERPEN 1 |
08-10-2024 → present |
Structure & network
Owners and holdings
3 holdingsOwners 0
The accounts to 31-03-2022 list no shareholders, and no other source names one.
Holdings 3
-
99%
- LIERSE KANTOORMEUBELEN, AFGEKORT : LKMsubsidiarySourceown accounts 31-03-2022Equity €2.5mResult -€29,34299%
- Sourceown accounts 31-03-2022Equity -€18,570Result -€38,98099%
According to the annual accounts to 31-03-2022 of RAINBOW LEMON and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.