ROELS TRADING
Open bankruptcyA bankruptcy procedure is open for ROELS TRADING according to publications in the Belgian State Gazette.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 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 · 4 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline22-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 29-08-2022, 29 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
29 d late
2020
101 d late
2019
146 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, abbreviated schema
Equity
€66k▼ 0.6%
2020 · €66k
2018: €61k
2019: €64k
2020: €66k
2018 → 2021
Total assets
€414k▲ 30.2%
2020 · €318k
2018: €287k
2019: €226k
2020: €318k
2018 → 2021
Net result
€-387
2020 · €2k
2018: €43k
2019: €3k
2020: €2k
2018 → 2021
Working capital
€126k▼ 0.7%
2020 · €126k
2018: €122k
2019: €125k
2020: €126k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€61k-€64k▲ 5.2%€66k▲ 2.4%€66k▼ 0.6%
Operating result€46k-€18k▼ 60.7%€10k▼ 43.8%€16k▲ 53.0%
Net result€43k-€3k▼ 92.6%€2k▼ 50.9%€-387
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 recovers in 2021; 2021 is 53% above 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Equity and liabilities €414k
Equity
€66k▼ 0.6%
Debt
€349k▲ 38.2%
The debt ratio rises from 79.3% to 84.2%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
15.8%▼
2020 · 20.7%
Current ratio
1.44▼
2020 · 1.66
Quick ratio
1.44▼
2020 · 1.66
Debt / equity
5.31
ROE
-0.6%▼
2020 · 2.4%
ROA
-0.1%▼
2020 · 0.5%
Debt
€349k▲
2020 · €252k
Debt ≤ 1 year
€289k▲
2020 · €192k
Income taxes
€61
Staff costs
€355k
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€318k€414k▲
Current assets29/58€318k€414k▲
Amounts receivable within one year40/41€317k€405k▲
Trade receivables40-€405k
Cash at bank and in hand54/58€2k€6k▲
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€318k€414k▲
Equity10/15€66k€66k▼
Contributions10/11-€19k
Reserves13€42k€42k=
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Distributable reserves133-€40k
Profit (loss) carried forward14€6k€5k▼
Amounts payable17/49€252k€349k▲
Amounts payable within one year42/48€192k€289k▲
Current portion of amounts payable after more than one year42-€20k
Trade debts44€46k€83k▲
Suppliers440/4-€83k
Taxes, remuneration and social security45-€95k
Taxes450/3-€28k
Remuneration and social security454/9-€67k
Other amounts payable47/48-€91k
Accrued charges and deferred income492/3-€60k
Income statement
Code20202021
Remuneration, social security and pensions62-€355k
Other operating charges640/8-€5k
Non-recurring operating charges66A-€11k
Gross operating margin9900€307k€387k▲
Operating profit (loss)9901€10k€16k▲
Financial income75/76B-€0
Recurring financial income75€0€0▲
Financial charges65/66B-€16k
Recurring financial charges65€9k€16k▲
Profit (loss) for the period before taxes9903€2k€-327▼
Income taxes67/77-€61
Profit (loss) for the period9904€2k€-387▼
Profit (loss) for the period to be appropriated9905€2k€-387▼
Appropriation of the result
Profit (loss) to be appropriated9906-€5k
Profit (loss) brought forward from the previous period14P-€6k
Social balance
Average headcount (FTE)9087-12.4
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2022
13-10
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · ROELS TRADING BV DENDER- MONDSESTEENWEG 130/A, 9260 WICHELEN · event 07-10-2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
31-12
Financial
Weakest financial yearnet €-387 ▼125%
Net result drops to €-387, the lowest in the series.
09-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 101 days late
2020
24-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 146 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 61 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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | MARGA PIETERS AFFLIGEMDREEF 144, 9300 AALST- |
07-10-2022 → present |
| Curator | JUUL CREYTENS LEOPOLDLAAN 15,
9200 DENDERMONDE |
07-10-2022 → present |