ROMFLO
InactiveROMFLO was declared bankrupt on 15-07-2024 (Tribunal de l’entreprise de Liège, division Liège); the bankruptcy was closed for insufficient assets by judgment of 04-02-2025, published in the Belgian State Gazette on 10-02-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three 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 · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline27-09-2026 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 10-08-2022, 10 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
10 d late
2020
3 d early
2019
92 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 33 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
Financials · fiscal year 2021, micro schema
Turnover
€2,755▼ 93.4%
2019 · €41,988
EBIT margin
43.2%▼ 11.1pp
2019 · 54.2%
Net result
-€2,189▼ 417%
2020 · -€423
Working capital
€16,078▼ 12.0%
2020 · €18,267
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
Line2018201920202021
Turnover€58,534-€41,988▼ 28.3%€2,755▼ 93.4%
Operating result€29,840-€22,769▼ 23.7%€1,189▼ 94.8%-€1,667
Net result€29,008-€22,053▼ 24.0%-€423-€2,189▼ 417%
EBIT margin51.0%-54.2%▲ 3.2pp43.2%▼ 11.1pp
Equity-€3,363-€18,690€18,267▼ 2.3%€16,078▼ 12.0%
Total assets€64,823-€58,604▼ 9.6%€36,301▼ 38.1%€17,135▼ 52.8%
Debt€68,186-€39,914▼ 41.5%€18,034▼ 54.8%€1,057▼ 94.1%
Working capital-€28,542-€1,904€18,267▲ 859%€16,078▼ 12.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €1,667 after €1,189 in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Equity and liabilities €17,135
Equity
€16,078 ▼ 12.0%
Debt
€1,057 ▼ 94.1%
Debt's share of the balance-sheet total falls from 49.7% to 6.2%. Equity and debt are lower.
Key figures and ratios
Current ratio
16.21▲
2020 · 2.01
Debt to equity
0.07
ROE
-13.6%▼
2020 · -2.3%
ROA
-12.8%▼
2020 · -1.2%
Debt ≤ 1 year
€1,057▼
2020 · €18,034
Income taxes
€18▼
2020 · €1,477
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Turnover70 | €58,534 | €41,988 | €2,755 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €1,667 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,393 | €8,393 | - | - | - |
| Gross operating margin9900 | €39,119 | €31,592 | €1,189 | -€1,667 | ▼ 240% |
| Operating profit (loss)9901 | €29,840 | €22,769 | €1,189 | -€1,667 | ▼ 240% |
| Financial charges65/66B | - | - | - | €504 | - |
| Recurring financial charges65 | €146 | €124 | €135 | €504 | ▲ 273% |
| Profit (loss) for the period before taxes9903 | €29,694 | €22,645 | €1,054 | -€2,171 | ▼ 306% |
| Income taxes67/77 | €686 | €592 | €1,477 | €18 | ▼ 98.8% |
| Profit (loss) for the period9904 | €29,008 | €22,053 | -€423 | -€2,189 | ▼ 417% |
| Profit (loss) for the period to be appropriated9905 | €29,008 | €22,053 | -€423 | -€2,189 | ▼ 417% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €64,823 | €58,604 | €36,301 | €17,135 | ▼ 52.8% |
| Fixed assets21/28 | €25,179 | €16,786 | - | - | - |
| Tangible fixed assets22/27 | €25,179 | €16,786 | - | - | - |
| Current assets29/58 | €39,644 | €41,818 | €36,301 | €17,135 | ▼ 52.8% |
| Amounts receivable within one year40/41 | €5,231 | €3,611 | €19,232 | €16,476 | ▼ 14.3% |
| Other amounts receivable41 | - | - | - | €16,476 | - |
| Cash at bank and in hand54/58 | €34,413 | €38,207 | €17,069 | €659 | ▼ 96.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €64,823 | €58,604 | €36,301 | €17,135 | ▼ 52.8% |
| Equity10/15 | -€3,363 | €18,690 | €18,267 | €16,078 | ▼ 12.0% |
| Contributions10/11 | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Capital10 | - | - | - | €62,500 | - |
| Issued capital100 | - | - | - | €62,500 | - |
| Profit (loss) carried forward14 | -€65,863 | -€43,810 | -€44,233 | -€46,422 | ▼ 4.9% |
| Amounts payable17/49 | €68,186 | €39,914 | €18,034 | €1,057 | ▼ 94.1% |
| Amounts payable within one year42/48 | €68,186 | €39,914 | €18,034 | €1,057 | ▼ 94.1% |
| Trade debts44 | €579 | €1,774 | €199 | €776 | ▲ 290% |
| Suppliers440/4 | - | - | - | €776 | - |
| Taxes, remuneration and social security45 | - | - | - | €281 | - |
| Taxes450/3 | - | - | - | €281 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,008 | €22,053 | -€423 | -€2,189 | ▼ 417% |
| + Depreciation and write-downs630 | €8,393 | €8,393 | - | - | - |
| Operating cash flow (approximation) | €37,401 | €30,446 | -€423 | -€2,189 | ▼ 417% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - |
| Change in cash | - | €3,794 | -€21,138 | -€16,410 | ▲ 22.4% |
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
10-02
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise de Liège, division Liège · event 04-02-2025
2024
22-07
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 15-07-2024
2022
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
31-12
Financial
Weakest financial yearnet -€2,189
Net result drops to -€2,189, the lowest in the series.
31-12
Financial
Liquidity times 8current ratio 16.21
Current ratio from 2.01 to 16.21; short-term debt falls from €18,034 to €1,057.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
27-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 8 days late
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
20-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 20 days late
2014
31-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 31 days late
2013
07-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 7 days late
2012
27-08
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 27 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LUC MINGUET CHEMIN DU VIEUX THIER 5A,
4190 FERRIERES |
15-07-2024 → 04-02-2025 |