SONATCLEAN
Open bankruptcyA bankruptcy procedure is open for SONATCLEAN according to publications in the Belgian State Gazette.
No longer registered with the KBO; last annual accounts for fiscal year 2020.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline21-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 29-09-2021, 60 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
not filed
2020
60 d late
2019
88 d late
← before the deadline
after the deadline →
Financials · fiscal year 2020, full schema
Turnover
€442k▼ 27.5%
2019 · €609k
2018: €576k
2019: €609k
2018 → 2020
EBIT margin
-4.4%▼ 9.0pp
2019 · 4.5%
2018: -0.9%
2019: 4.5%
2018 → 2020
Net result
€-20k
2019 · €28k
2018: €-5k
2019: €28k
2018 → 2020
Working capital
€25k▼ 42.5%
2019 · €43k
2018: €15k
2019: €43k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Turnover€576k-€609k▲ 5.9%€442k▼ 27.5%
Equity€22k-€50k▲ 125%€30k▼ 39.9%
Operating result€-5k-€28k€-20k
Net result€-5k-€28k€-20k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €20k after €28k in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €61k
Fixed assets
€5k▼ 48.2%
Current assets
€55k▼ 18.2%
Equity and liabilities €61k
Equity
€30k▼ 39.9%
Debt
€31k▲ 8.7%
The debt ratio rises from 36.4% to 50.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-15k▼
2019 · €33k
Cash flow
€-15k▼
2019 · €33k
Solvency
49.2%▼
2019 · 63.6%
Current ratio
1.81▼
2019 · 2.74
Quick ratio
1.81▼
2019 · 2.74
Debt / equity
0.01▼
2019 · 0.08
ROE
-66.4%▼
2019 · 55.6%
ROA
-32.7%▼
2019 · 35.4%
Debt
€31k▲
2019 · €28k
Debt ≤ 1 year
€31k▲
2019 · €25k
Debt > 1 year
€293▼
2019 · €4k
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 · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€78k€61k▼
Fixed assets21/28€11k€5k▼
Tangible fixed assets22/27€10k€5k▼
Financial fixed assets28€100€100=
Current assets29/58€68k€55k▼
Amounts receivable within one year40/41€8k€15k▲
Current investments50/53€1k€1k=
Cash at bank and in hand54/58€58k€36k▼
Equity and liabilities
Total equity and liabilities10/49€78k€61k▼
Equity10/15€50k€30k▼
Profit (loss) carried forward14€50k€30k▼
Amounts payable17/49€28k€31k▲
Amounts payable after more than one year17€4k€293▼
Amounts payable within one year42/48€25k€31k▲
Trade debts44€932€2k▲
Income statement
Code20192020
Turnover70€609k€442k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k=
Gross operating margin9900€572k€411k▼
Operating profit (loss)9901€28k€-20k▼
Recurring financial income75€16€4▼
Recurring financial charges65€263€198▼
Profit (loss) for the period before taxes9903€27k€-20k▼
Profit (loss) for the period9904€28k€-20k▼
Profit (loss) for the period to be appropriated9905€28k€-20k▼
Timeline · acts, filings and financial milestones
2022
25-02
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · SONATCLEAN ASBL CLOS DU LONG- SENTIER 2, 4000 LIEGE 1 · event 21-02-2022
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 60 days late
2020
31-12
Financial
Weakest financial yearnet €-20k ▼172%
Net result drops to €-20k, the lowest in the series.
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 88 days late
2019
31-12
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.74
Current ratio from 1.28 to 2.74; short-term debt falls from €54k to €25k.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 23 days late
2017
08-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 39 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 60 days late
2015
25-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 56 days late
2014
18-09
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 49 days late
2013
28-11
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 120 days late
2012
30-08
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | CHRISTELLE GRODENT RUE SAINT REMY 5,
4000 LIEGE 1 |
21-02-2022 → present |
| Curator | LEON LEDUC PLACE DE
BRONCKART 1, 4000 LIEGE 1 |
21-02-2022 → present |