SKADI
InactiveSKADI was declared bankrupt on 25-01-2024 (Ondernemingsrechtbank Leuven); the bankruptcy was closed for insufficient assets by judgment of 12-09-2024, published in the Belgian State Gazette on 17-09-2024.
Summary
Inactive; last annual accounts for fiscal year 2023.
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 31-03-2024, 2 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 · 6 filingsPosition against the passed deadline
31-03-2024 close31-10-2024 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2023 was due by 31-10-2023 and was filed on 30-10-2023, 1 day ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
1 d early
2022
7 d late
2021
81 d late
2020
109 d early
2019
92 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 14 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 2023, abbreviated schema
Equity
€9,958▼ 69.2%
2022 · €32,335
Total assets
€43,143▼ 32.3%
2022 · €63,691
Net result
-€34,892▼ 605%
2022 · -€4,950
Working capital
€9,026▼ 70.7%
2022 · €30,835
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
Line20192020202120222023
Operating result€30,138-€15,742▼ 47.8%-€6,953-€4,811▲ 30.8%-€34,355▼ 614%
Net result€23,694-€10,509▼ 55.6%-€12,771-€4,950▲ 61.2%-€34,892▼ 605%
Equity€39,547-€50,056▲ 26.6%€37,285▼ 25.5%€32,335▼ 13.3%€9,958▼ 69.2%
Total assets€126,607-€131,063▲ 3.5%€71,261▼ 45.6%€63,691▼ 10.6%€43,143▼ 32.3%
Debt€87,060-€81,007▼ 7.0%€33,976▼ 58.1%€31,356▼ 7.7%€33,185▲ 5.8%
Working capital€18,957-€38,545▲ 103%€32,454▼ 15.8%€30,835▼ 5.0%€9,026▼ 70.7%
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 stays negative: a loss of €34,355 in 2023 against €4,811 in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €43,143
Fixed assets
€932 ▼ 37.9%
Current assets
€42,211 ▼ 32.1%
Equity and liabilities €43,143
Equity
€9,958 ▼ 69.2%
Debt
€33,185 ▲ 5.8%
Debt's share of the balance-sheet total rises from 49.2% to 76.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€33,786▼
2022 · -€4,368
Cash flow
-€34,323▼
2022 · -€4,507
Current ratio
1.27▼
2022 · 1.98
Quick ratio
0.52▲
2022 · 0.34
Debt to equity
3.33▲
2022 · 0.97
ROE
-350.4%▼
2022 · -15.3%
ROA
-80.9%▼
2022 · -7.8%
Interest coverage
-62.92▼
2022 · -31.42
Debt ≤ 1 year
€33,185▲
2022 · €31,356
Staff costs
€4,263
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €4,263 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,018 | €16,129 | €8,142 | €443 | €569 | ▲ 28.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €91 | - |
| Other operating charges640/8 | - | - | - | €925 | €870 | ▼ 5.9% |
| Non-recurring operating charges66A | - | - | - | €3,500 | - | - |
| Gross operating margin9900 | €47,864 | €61,662 | €1,976 | €57 | -€28,562 | ▼ 50,209% |
| Operating profit (loss)9901 | €30,138 | €15,742 | -€6,953 | -€4,811 | -€34,355 | ▼ 614% |
| Recurring financial income75 | €13 | €116 | - | - | - | - |
| Financial charges65/66B | - | - | - | €139 | €537 | ▲ 286% |
| Recurring financial charges65 | €814 | €1,480 | €150 | €139 | €537 | ▲ 286% |
| Profit (loss) for the period before taxes9903 | €29,338 | €14,377 | -€7,103 | -€4,950 | -€34,892 | ▼ 605% |
| Income taxes67/77 | €5,644 | €3,868 | €5,668 | - | - | - |
| Profit (loss) for the period9904 | €23,694 | €10,509 | -€12,771 | -€4,950 | -€34,892 | ▼ 605% |
| Profit (loss) for the period to be appropriated9905 | €23,694 | €10,509 | -€12,771 | -€4,950 | -€34,892 | ▼ 605% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €126,607 | €131,063 | €71,261 | €63,691 | €43,143 | ▼ 32.3% |
| Fixed assets21/28 | €20,669 | €11,511 | €4,831 | €1,500 | €932 | ▼ 37.9% |
| Tangible fixed assets22/27 | €20,669 | €11,511 | €4,831 | €1,500 | €932 | ▼ 37.9% |
| Plant, machinery and equipment23 | - | - | - | €1,500 | €932 | ▼ 37.9% |
| Current assets29/58 | €105,937 | €119,552 | €66,430 | €62,191 | €42,211 | ▼ 32.1% |
| Stocks and contracts in progress3 | €87,311 | €95,826 | €55,058 | €51,571 | €24,943 | ▼ 51.6% |
| Stocks30/36 | - | - | - | €51,571 | €24,943 | ▼ 51.6% |
| Amounts receivable within one year40/41 | €16,947 | €20,672 | €9,779 | €10,375 | €13,780 | ▲ 32.8% |
| Trade receivables40 | - | - | - | €10,375 | €13,780 | ▲ 32.8% |
| Cash at bank and in hand54/58 | €1,679 | €3,053 | €1,593 | €8 | €1,268 | ▲ 15,750% |
| Deferred charges and accrued income490/1 | - | - | - | €237 | €2,220 | ▲ 837% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €126,607 | €131,063 | €71,261 | €63,691 | €43,143 | ▼ 32.3% |
| Equity10/15 | €39,547 | €50,056 | €37,285 | €32,335 | €9,958 | ▼ 69.2% |
| Contributions10/11 | €6,200 | - | - | €6,200 | €18,600 | ▲ 200% |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,975 | ▲ 6.2% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,975 | ▲ 6.2% |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,975 | ▲ 6.2% |
| Profit (loss) carried forward14 | €31,487 | €41,996 | €29,225 | €24,275 | -€10,617 | ▼ 144% |
| Amounts payable17/49 | €87,060 | €81,007 | €33,976 | €31,356 | €33,185 | ▲ 5.8% |
| Amounts payable within one year42/48 | €86,980 | €81,007 | €33,976 | €31,356 | €33,185 | ▲ 5.8% |
| Trade debts44 | €50,164 | €42,205 | €11,952 | €3,377 | €18,208 | ▲ 439% |
| Suppliers440/4 | - | - | - | €3,377 | €18,208 | ▲ 439% |
| Taxes, remuneration and social security45 | - | - | - | €3,807 | €2,588 | ▼ 32.0% |
| Taxes450/3 | - | - | - | €3,807 | €2,588 | ▼ 32.0% |
| Other amounts payable47/48 | - | - | - | €24,172 | €12,389 | ▼ 48.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,694 | €10,509 | -€12,771 | -€4,950 | -€34,892 | ▼ 605% |
| + Depreciation and write-downs630 | €17,018 | €16,129 | €8,142 | €443 | €569 | ▲ 28.4% |
| Operating cash flow (approximation) | €40,712 | €26,638 | -€4,629 | -€4,507 | -€34,323 | ▼ 662% |
| Investment in fixed assets (approximation) | - | -€6,971 | -€1,462 | €2,888 | -€1 | ▼ 100% |
| Change in cash | - | €1,374 | -€1,460 | -€1,585 | €1,260 | ▲ 179% |
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
2024
17-09
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Leuven · event 12-09-2024
01-02
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · event 25-01-2024
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Weakest financial yearnet -€34,892
Net result drops to -€34,892, the lowest in the series.
2022
07-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 7 days late
20-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 81 days late
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
19-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 414 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JAN DE RIECK FONTEINSTRAAT 1A, 3000 LEUVEN- |
25-01-2024 → 12-09-2024 |