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SANTOR ASSOCIATES

Inactive
KBO/BCE: BE 0524.720.708

SANTOR ASSOCIATES was declared bankrupt on 12-06-2023 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 20-01-2026, published in the Belgian Official Gazette on 30-01-2026.

Summary

Inactive; last annual accounts for financial year 2021.

SANTOR ASSOCIATESInactive

Financials · financial year 2021, micro format

2021 annual accounts filed late (22 days) Filed on 22 February 2022, deadline 31 January 2022 (7 months after the close on 30 June 2021, Companies Code art. 3:10). Source: NBB, 2022-06100437.

Equity
€69,125▼ 0.9%
2020 · €69,721
Total assets
€189,256▲ 144%
2020 · €77,656
Net result
-€596▼ 442%
2020 · -€110
Working capital
€110,428▲ 58.4%
2020 · €69,721
Trend over the years

2020 to 2021, 2 financial years 2020 to 2021, 2 financial years

The operating result stays negative: a loss of €1,163 in 2021 against €6 in 2020; the loss grows.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€1,163 2021 Net result-€596 2021

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20202021
Operating result-€6--€1,163▼ 19,283%
Net result-€110--€596▼ 442%
Equity€69,721-€69,125▼ 0.9%
Total assets€77,656-€189,256▲ 144%
Debt€7,935-€120,131▲ 1,414%
Working capital€69,721-€110,428▲ 58.4%
Staff (FTE)0.1
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €188,334
Fixed assets €20,353
Current assets €167,981
Equity and liabilities €189,256
Equity €69,125 ▼ 0.9%
Debt €120,131 ▲ 1,414%
Debt's share of the balance-sheet total rises from 10.2% to 63.5%. Equity is lower and debt is higher.
Key figures and ratios
2021 value · change against 2020
EBITDA
-€675
Cash flow
-€108
Current ratio
2.92▼
2020 · 9.79
Quick ratio
2.11▼
2020 · 3.94
Debt to equity
0.89
ROE
-0.9%▼
2020 · -0.2%
ROA
-0.3%▼
2020 · -0.1%
Debt ≤ 1 year
€57,553▲
2020 · €7,935
Debt > 1 year
€61,573
Income taxes
-€1,910
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2021 against 2020 · 27 lines
Balance sheet Code20202021
Assets
Total assets20/58€77,656€189,256▲
Formation expenses20-€922
Fixed assets21/28-€20,353
Intangible fixed assets21-€1,455
Tangible fixed assets22/27-€18,538
Financial fixed assets28-€360
Current assets29/58€77,656€167,981▲
Stocks and contracts in progress3€46,380€46,380=
Amounts receivable within one year40/41€31,276€57,560▲
Cash at bank and in hand54/58-€64,041
Equity and liabilities
Total equity and liabilities10/49€77,656€189,256▲
Equity10/15€69,721€69,125▼
Reserves13€5,100€5,100=
Profit (loss) carried forward14€13,621€13,025▼
Amounts payable17/49€7,935€120,131▲
Amounts payable after more than one year17-€61,573
Amounts payable within one year42/48€7,935€57,553▲
Trade debts44€6,018€39,715▲
Income statement Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€488
Gross operating margin9900-€6€3,598▲
Operating profit (loss)9901-€6-€1,163▼
Recurring financial income75-€386
Recurring financial charges65€104€1,729▲
Profit (loss) for the period before taxes9903-€110-€2,506▼
Income taxes67/77--€1,910
Profit (loss) for the period9904-€110-€596▼
Profit (loss) for the period to be appropriated9905-€110-€596▼
Line20202021Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€488-
Gross operating margin9900-€6€3,598-
Operating profit (loss)9901-€6-€1,163▼ 19,283%
Recurring financial income75-€386-
Recurring financial charges65€104€1,729▲ 1,563%
Profit (loss) for the period before taxes9903-€110-€2,506▼ 2,178%
Income taxes67/77--€1,910-
Profit (loss) for the period9904-€110-€596▼ 442%
Profit (loss) for the period to be appropriated9905-€110-€596▼ 442%
Line20202021Change
Assets
Total assets20/58€77,656€189,256▲ 144%
Formation expenses20-€922-
Fixed assets21/28-€20,353-
Intangible fixed assets21-€1,455-
Tangible fixed assets22/27-€18,538-
Financial fixed assets28-€360-
Current assets29/58€77,656€167,981▲ 116%
Stocks and contracts in progress3€46,380€46,380=
Amounts receivable within one year40/41€31,276€57,560▲ 84.0%
Cash at bank and in hand54/58-€64,041-
Equity and liabilities
Total equity and liabilities10/49€77,656€189,256▲ 144%
Equity10/15€69,721€69,125▼ 0.9%
Reserves13€5,100€5,100=
Profit (loss) carried forward14€13,621€13,025▼ 4.4%
Amounts payable17/49€7,935€120,131▲ 1,414%
Amounts payable after more than one year17-€61,573-
Amounts payable within one year42/48€7,935€57,553▲ 625%
Trade debts44€6,018€39,715▲ 560%
Line20202021Change
Profit (loss) for the period9904-€110-€596▼ 442%
+ Depreciation and write-downs630-€488-
Operating cash flow (approximation)-€110-€108▲ 1.8%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Filings with the National Bank (7)
Financial year Type Filed Reference
30-06-2021 micro format 22-02-2022 2022-06100437
30-06-2020 micro format 26-02-2021 2021-06800376
30-06-2018 micro format 26-02-2019 2019-06200426
30-06-2017 micro format 31-01-2018 2018-04000283
30-06-2016 full format 26-06-2017 2017-21100050
30-06-2015 full format 08-02-2016 2016-04000566
30-06-2014 full format 06-02-2015 2015-03900011

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.