RHODOS
InactiveSignals
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 30-04-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
30-04-2021 close30-11-2021 deadline01-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-04-2020 was due by 30-11-2020 and was filed on 05-11-2020, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2022
not filed
2021
not filed
2020
25 d early
2019
104 d late
2018
60 d early
2017
14 d early
2016
35 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 6 days before the deadline; the Belgian median for financial year 2022 is 3 days before the deadline, and 42% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2020, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€5,397
2019 · €5,838
Working capital
€38,495▼ 12.3%
2019 · €43,907
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020
Operating result€20,148--€4,956
Net result€5,838--€5,397
Equity€42,919-€37,522▼ 12.6%
Total assets€55,707-€43,133▼ 22.6%
Debt€12,788-€5,611▼ 56.1%
Working capital€43,907-€38,495▼ 12.3%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €4,956 after €20,148 in 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €43,133
Fixed assets
€153
Current assets
€42,980
Equity and liabilities €43,133
Equity
€37,522 ▼ 12.6%
Debt
€5,611 ▼ 56.1%
Debt's share of the balance-sheet total falls from 23.0% to 13.0%. Equity and debt are lower.
Key figures and ratios
Current ratio
9.58▲
2019 · 4.72
Quick ratio
9.27▲
2019 · 4.54
Debt to equity
0.03
ROE
-14.4%▼
2019 · 13.6%
ROA
-12.5%▼
2019 · 10.5%
Debt ≤ 1 year
€4,485▼
2019 · €11,800
Debt > 1 year
€1,126
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,219 | - | - |
| Gross operating margin9900 | €42,071 | -€3,380 | ▼ 108% |
| Operating profit (loss)9901 | €20,148 | -€4,956 | ▼ 125% |
| Recurring financial charges65 | €11,051 | €441 | ▼ 96.0% |
| Profit (loss) for the period before taxes9903 | €9,097 | -€5,397 | ▼ 159% |
| Income taxes67/77 | €3,259 | - | - |
| Profit (loss) for the period9904 | €5,838 | -€5,397 | ▼ 192% |
| Profit (loss) for the period to be appropriated9905 | €5,838 | -€5,397 | ▼ 192% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €55,707 | €43,133 | ▼ 22.6% |
| Fixed assets21/28 | - | €153 | - |
| Financial fixed assets28 | - | €153 | - |
| Current assets29/58 | €55,707 | €42,980 | ▼ 22.8% |
| Stocks and contracts in progress3 | €2,109 | €1,399 | ▼ 33.7% |
| Amounts receivable within one year40/41 | €18,609 | €15,502 | ▼ 16.7% |
| Cash at bank and in hand54/58 | €22,989 | €26,079 | ▲ 13.4% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €55,707 | €43,133 | ▼ 22.6% |
| Equity10/15 | €42,919 | €37,522 | ▼ 12.6% |
| Contributions10/11 | €18,600 | €18,600 | = |
| Reserves13 | €20,964 | €20,964 | = |
| Profit (loss) carried forward14 | €3,355 | -€2,042 | ▼ 161% |
| Amounts payable17/49 | €12,788 | €5,611 | ▼ 56.1% |
| Amounts payable after more than one year17 | - | €1,126 | - |
| Amounts payable within one year42/48 | €11,800 | €4,485 | ▼ 62.0% |
| Trade debts44 | - | €97 | - |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €5,838 | -€5,397 | ▼ 192% |
| + Depreciation and write-downs630 | €3,219 | - | - |
| Operating cash flow (approximation) | €9,057 | -€5,397 | ▼ 160% |
| Change in cash | - | €3,090 | - |
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
2025
25-02
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Gent · event 18-02-2025
2023
09-01
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 03-01-2023
2020
05-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
30-04
Financial
Liquidity doublescurrent ratio 9.58
Current ratio from 4.72 to 9.58; short-term debt falls from €11,800 to €4,485.
13-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 104 days late
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
16-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
26-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
26-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2014
03-10
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2013
01-10
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2012
16-11
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2011
28-11
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 8 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | VERA DE DIJCKER Roosbloemstraat 4, 9860 Oosterzele |
03-01-2023 → 18-02-2025 |