STOLARZ
InactiveSTOLARZ was declared bankrupt on 06-02-2023 (Ondernemingsrechtbank Gent, afdeling Oudenaarde); the bankruptcy was closed by liquidation by judgment of 13-06-2024, published in the Belgian State Gazette on 19-06-2024.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four 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 31-12-2022, 4 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 · 7 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline21-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 16-09-2022, 47 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
47 d late
2020
27 d late
2019
64 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, abbreviated schema
Equity
€60k▼ 2.4%
2020 · €62k
2018: €50k
2019: €-15k
2020: €62k
2018 → 2021
Total assets
€278k▲ 39.5%
2020 · €199k
2018: €191k
2019: €188k
2020: €199k
2018 → 2021
Net result
€-1k
2020 · €76k
2018: €61k
2019: €-64k
2020: €76k
2018 → 2021
Working capital
€60k▼ 2.8%
2020 · €62k
2018: €49k
2019: €-16k
2020: €62k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€50k-€-15k€62k€60k▼ 2.4%
Operating result€72k-€-62k€86k€2k▼ 97.4%
Net result€61k-€-64k€76k€-1k
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 falls in 2021; 2021 is 97% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €278k
Fixed assets
€250
Current assets
€277k
Equity and liabilities €278k
Equity
€60k▼ 2.4%
Debt
€218k▲ 58.3%
The debt ratio rises from 69.0% to 78.3%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
21.7%▼
2020 · 31.0%
Current ratio
1.28▼
2020 · 1.45
Quick ratio
1.28▼
2020 · 1.45
Debt / equity
3.62
ROE
-2.5%▼
2020 · 123.8%
ROA
-0.5%▼
2020 · 38.3%
Debt
€218k▲
2020 · €137k
Debt ≤ 1 year
€218k▲
2020 · €137k
Income taxes
€1k▼
2020 · €7k
Staff costs
€413k
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€199k€278k▲
Fixed assets21/28-€250
Financial fixed assets28-€250
Current assets29/58€199k€277k▲
Amounts receivable within one year40/41€113k€165k▲
Trade receivables40-€98k
Other amounts receivable41-€67k
Cash at bank and in hand54/58€86k€113k▲
Equity and liabilities
Total equity and liabilities10/49€199k€278k▲
Equity10/15€62k€60k▼
Contributions10/11€18k€18k=
Capital10-€18k
Issued capital100-€19k
Uncalled capital101-€600
Reserves13€44k€44k=
Non-distributable reserves130/1-€2k
Legal reserve130-€2k
Distributable reserves133-€42k
Profit (loss) carried forward14-€-1k
Amounts payable17/49€137k€218k▲
Amounts payable within one year42/48€137k€218k▲
Trade debts44€56k€122k▲
Suppliers440/4-€122k
Taxes, remuneration and social security45-€89k
Taxes450/3-€48k
Remuneration and social security454/9-€41k
Other amounts payable47/48-€6k
Income statement
Code20202021
Remuneration, social security and pensions62-€413k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k-
Other operating charges640/8-€4k
Gross operating margin9900€446k€419k▼
Operating profit (loss)9901€86k€2k▼
Financial charges65/66B-€2k
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€84k€4▼
Income taxes67/77€7k€1k▼
Profit (loss) for the period9904€76k€-1k▼
Profit (loss) for the period to be appropriated9905€76k€-1k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-1k
Social balance
Average headcount (FTE)9087-12.0
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
19-06
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Oudenaarde · STOLARZ BV NOORDSTRAAT 32, 9961 ASSENEDE · event 13-06-2024
2023
21-02
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Oudenaarde · STOLARZ BV NOORD- STRAAT 32, 9961 ASSENEDE · event 06-02-2023
2022
16-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 47 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Back to profitnet €76k
Net result €76k after one loss-making year.
03-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 64 days late
2019
31-12
Financial
Weakest financial yearnet €-64k ▼206%
Net result drops to €-64k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 38 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 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 | Lieve TEINTENIER FRANKLIN ROOSEVELT-
PLEIN 42/0002, 9600 RONSE |
06-02-2023 → present |