S-PROMOTION
Open bankruptcyA bankruptcy procedure is open for S-PROMOTION according to publications in the Belgian State Gazette; curator: TONY BELLAVIA. The 2024 annual accounts show equity of €163k and a net result of €514k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2024 was due by 31-10-2024 and was filed on 30-10-2024, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
1 d early
2023
on the day
2022
52 d late
2020
166 d early
2019
91 d late
2018
23 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€514k
2023 · €-759k
2018: €-21k
2019: €-3k
2022: €1k
2023: €-759k
2018 → 2024
Working capital
€130k▼ 31.3%
2023 · €190k
2018: €4k
2019: €307
2022: €184k
2023: €190k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202220232024Trend
Equity€4k-€307▼ 91.4%€408k▲ 132,868%€-351k€163k
Operating result€-20k-€-3k▲ 84.2%€24k€-733k€562k
Net result€-21k-€-3k▲ 84.3%€1k€-759k€514k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €562k after a loss of €733k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.24M
Fixed assets
€33k▼ 91.0%
Current assets
€1.20M▼ 50.8%
Equity and liabilities €1.24M
Equity
€163k
Debt
€1.07M
Debt finances 86.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€583k▲
2023 · €-659k
Cash flow
€536k▲
2023 · €-686k
Solvency
13.2%▲
2023 · -12.5%
Current ratio
1.12▲
2023 · 1.08
Quick ratio
0.89▲
2023 · 0.73
Debt / equity
6.58▲
2023 · -6.95
ROE
315.4%
ROA
41.6%▲
2023 · -27.1%
Interest coverage
13.97▲
2023 · -61.37
Debt
€1.07M▼
2023 · €2.44M
Debt ≤ 1 year
€1.07M▼
2023 · €2.26M
Income taxes
€6k▼
2023 · €17k
Staff costs
€131k▼
2023 · €216k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.81M€1.24M▼
Fixed assets21/28€360k€33k▼
Tangible fixed assets22/27€360k€30k▼
Land and buildings22€265k-
Plant, machinery and equipment23€93k€28k▼
Furniture and vehicles24€2k€2k▲
Financial fixed assets28-€3k
Current assets29/58€2.45M€1.20M▼
Stocks and contracts in progress3€804k€243k▼
Stocks30/36€804k€243k▼
Amounts receivable within one year40/41€1.63M€954k▼
Trade receivables40€1.63M€952k▼
Other amounts receivable41€6k€2k▼
Cash at bank and in hand54/58€8k€6k▼
Equity and liabilities
Total equity and liabilities10/49€2.81M€1.24M▼
Equity10/15€-351k€163k▲
Contributions10/11€20k€20k=
Profit (loss) carried forward14€-371k€143k▲
Provisions and deferred taxes16€714k-
Provisions for liabilities and charges160/5€714k-
Environmental obligations163€714k-
Amounts payable17/49€2.44M€1.07M▼
Amounts payable after more than one year17€188k-
Financial debts170/4€188k-
Amounts payable within one year42/48€2.26M€1.07M▼
Current portion of amounts payable after more than one year42€21k-
Trade debts44€660k€22k▼
Suppliers440/4-€22k
Bills of exchange payable441€660k-
Taxes, remuneration and social security45€21k€91k▲
Taxes450/3-€53k
Remuneration and social security454/9€21k€37k▲
Other amounts payable47/48€1.55M€960k▼
Income statement
Code20232024
Non-recurring operating income76A-€875k
Remuneration, social security and pensions62€216k€131k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€73k€22k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€209k
Provisions for liabilities and charges: additions (uses and reversals)635/8€714k-
Other operating charges640/8€5k€80k▲
Non-recurring operating charges66A€1k€46k▲
Gross operating margin9900€277k€1.05M▲
Operating profit (loss)9901€-733k€562k▲
Financial income75/76B€1k€13▼
Recurring financial income75€1k€13▼
Financial charges65/66B€11k€42k▲
Recurring financial charges65€11k€42k▲
Profit (loss) for the period before taxes9903€-742k€520k▲
Income taxes67/77€17k€6k▼
Profit (loss) for the period9904€-759k€514k▲
Profit (loss) for the period to be appropriated9905€-759k€514k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-371k€143k▲
Profit (loss) brought forward from the previous period14P€388k€-371k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
14-02
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Mons · S-PROMOTION SRL ROUTE DE WALLONIE 4/4, 7011 GHLIN · event 10-02-2025
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
31-03
Financial
Back to profitnet €514k
Net result €514k after one loss-making year.
31-03
Financial
Equity above €150kEq €163k
Equity rises from €-351k to €163k.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-03
Financial
Weakest financial yearnet €-759k ▼53601%
Net result drops to €-759k, the lowest in the series.
2022
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 52 days late
31-03
Financial
Back to profitnet €1k
Net result €1k after 2 loss-making years.
31-03
Financial
Equity above €200kEq €408k ▲132868%
Equity rises from €307 to €408k.
2021
15-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
17-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 139 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
09-02
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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
Registered office, Mons · 1 establishment unit since 2012
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.
Route de Wallonie (G.) 47011 MonsGround area
4.0 ha
Building footprint
4.5 ha
Volume, LiDAR
489,968 m³
Parcel 53030D0160/00N000, Wallonia · tallest building 15.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
S-PROMOTION
since 20122.264.842.508
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53030D0160/00N000 | Wallonia | 4.0 ha | 1 · 4.5 ha | 15.1 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | TONY BELLAVIA AVENUE DES EXPOSITIONS, 8A,
7000 MONS- .
Date provisoire de cessation de paiement : 10/02/2025 |
10-02-2025 → present |
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Of 1,566 companies in sector 46900 we hold annual accounts for 920. 642 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-08-2012
Fiscal year end31-03
Activities, NACEBEL
46900Non-specialised wholesale trade
46423Wholesale of clothing, excluding workwear and underwear
46442Wholesale trade
46494Wholesale of non-electrical household articles
46495Wholesale trade
46499Wholesale of other household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.