ROYAL CHICKEN

Inactive

KBO/BCE: BE 0563.714.411

ROYAL CHICKEN was declared bankrupt on 26-10-2023 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 14-01-2025, published in the Belgian State Gazette on 17-01-2025.

No longer registered with the KBO; last annual accounts for fiscal year 2022.

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Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Prior bankruptcy

Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.

Belgian State Gazette

Two or more financial years not filed

Since the financial year that closed on 31-12-2023, 3 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 · 8 filings

Position against the passed deadline

31-12-2023 close31-07-2024 deadline22-09-2026 today

Latest accounts filed on time

The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 03-07-2023, 28 days ahead of the deadline.

NBB · 8 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

28 d early

2021

13 d early

2020

4 d early

2019

10 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2022, micro schema

Turnover

€47k

EBIT margin

-11.2%

Net result

€16k

2021 · €-5k

2018: €-604 2019: €-5k 2020: €6k 2021: €-5k

2018 → 2022

Working capital

€8k

2021 · €-8k

2018: €-1k 2020: €-3k 2021: €-8k

2018 → 2022

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20182019202020212022Trend

Turnover€47k

Equity€784-€-4k€2k€-4k€13k

Operating result€-604-€-5k▼ 769%€6k€-5k€17k

Net result€-604-€-5k▼ 769%€6k€-5k€16k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2022: €17k after a loss of €5k in 2021, the highest result in the available series.

Balance-sheet composition

2022 in colour, 2021 as the grey bar beneath

Assets €25k

18.1%

81.9%

Fixed assets €5k▼ 4.0%

Current assets €21k▲ 250%

Equity and liabilities €25k

50.3%

49.7%

Equity €13k

Debt €13k

Debt finances 49.7% of the balance-sheet total.

Key figures and ratios

2022 value · change against 2021

EBITDA

€17k▲

2021 · €-5k

Cash flow

€16k▲

2021 · €-5k

Solvency

50.3%▲

2021 · -33.2%

Current ratio

1.65▲

2021 · 0.42

Quick ratio

1.65▲

2021 · 0.42

Debt / equity

0.99▲

2021 · -4.02

ROE

127.8%

ROA

64.3%▲

2021 · -49.3%

Interest coverage

54.70▲

2021 · -81.00

Debt

€13k▼

2021 · €14k

Debt ≤ 1 year

€13k▼

2021 · €14k

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 · 2022 against 2021

Balance sheet Code20212022

Assets

Total assets20/58€11k€25k▲

Fixed assets21/28€5k€5k▼

Tangible fixed assets22/27€567€377▼

Plant, machinery and equipment23€240€120▼

Furniture and vehicles24€327€257▼

Financial fixed assets28€4k€4k=

Current assets29/58€6k€21k▲

Cash at bank and in hand54/58€6k€21k▲

Equity and liabilities

Total equity and liabilities10/49€11k€25k▲

Equity10/15€-4k€13k▲

Contributions10/11€13k€13k=

Outside capital11-€13k

Other1109/19-€13k

Profit (loss) carried forward14€-16k€243▲

Amounts payable17/49€14k€13k▼

Amounts payable within one year42/48€14k€13k▼

Financial debts43-€20

Credit institutions430/8-€20

Trade debts44€3k€1k▼

Suppliers440/4€3k€1k▼

Taxes, remuneration and social security45€10k€9k▼

Taxes450/3€9k€9k▼

Remuneration and social security454/9€751-

Other amounts payable47/48€2k€3k▲

Income statement Code20212022

Turnover70€47k-

Goods, raw materials, services and sundry goods60/61€37k-

Remuneration, social security and pensions62€13k-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€146€191▲

Other operating charges640/8€2k€2k▲

Gross operating margin9900€9k€19k▲

Operating profit (loss)9901€-5k€17k▲

Financial charges65/66B€63€307▲

Recurring financial charges65€63€307▲

Profit (loss) for the period before taxes9903€-5k€16k▲

Profit (loss) for the period9904€-5k€16k▲

Profit (loss) for the period to be appropriated9905€-5k€16k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-16k€243▲

Profit (loss) brought forward from the previous period14P€-11k€-16k▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Signals 2Financial 4Filings 8

2025

17-01

Bankruptcy Bankruptcy closure (insufficient assets)

Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · ROYAL CHICKEN BV BORSBEEKSTRAAT 89-91, 2140 BORGERHOUT (ANTWERPEN) · event 14-01-2025

2023

03-11

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · ROYAL CHICKEN BV BORS- BEEKSTRAAT 89-91, 2140 BORGERHOUT (ANTWERPEN) · event 26-10-2023

03-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Back to profitnet €16k

Net result €16k after one loss-making year.

31-12

Financial Liquidity quadruplescurrent ratio 1.65

Current ratio from 0.42 to 1.65; short-term debt falls from €14k to €13k.

18-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Weakest financial yearnet €-5k ▼185%

Net result drops to €-5k, the lowest in the series.

27-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

31-12

Financial Back to profitnet €6k

Net result €6k after 2 loss-making years.

10-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 10 days late

2019

27-11

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 849 days late

06-11

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 98 days late

06-11

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 463 days late

2016

24-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 24 days late

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 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	STEFFI VANHULLE GROTE BAAN 68, 9120 BEVEREN- WAAS ↔ Also on 156 other cases	26-10-2023 → present