SUBHANA
InactiveSUBHANA was declared bankrupt on 16-03-2023 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 10-09-2024, published in the Belgian State Gazette on 25-09-2024.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three 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 · 6 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline24-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 20-04-2022, 263 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
263 d late
2019
586 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Equity
€2k
2019 · €-5k
2019: €-5k
2019 → 2020
Total assets
€27k▲ 149%
2019 · €11k
2019: €11k
2019 → 2020
Net result
€3k
2019 · €-11k
2019: €-11k
2019 → 2020
Working capital
€-7k▼ 32.9%
2019 · €-5k
2019: €-5k
2019 → 2020
Multi-year overview
Available amounts per fiscal year
Line20192020Trend
Equity€-5k-€2k
Operating result€-11k-€3k
Net result€-11k-€3k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2020: €3k after a loss of €11k in 2019.
Balance-sheet composition
Assets €27k
Fixed assets
€9k
Current assets
€18k
Equity and liabilities €27k
Equity
€2k
Debt
€25k
Debt finances 92.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€3k
Cash flow
€3k
Current ratio
0.71▲
2019 · 0.67
Quick ratio
0.06▲
2019 · 0.05
Debt to equity
11.99
ROE
141.9%
ROA
10.9%▲
2019 · -102.9%
Interest coverage
73.11
Debt ≤ 1 year
€25k▲
2019 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2020 against 2019 · 37 lines
Balance sheet
Code20192020
Assets
Total assets20/58€11k€27k▲
Fixed assets21/28-€9k
Tangible fixed assets22/27-€8k
Plant, machinery and equipment23-€8k
Financial fixed assets28-€1k
Current assets29/58€11k€18k▲
Stocks and contracts in progress3€10k€16k▲
Stocks30/36-€16k
Cash at bank and in hand54/58€730€1k▲
Equity and liabilities
Total equity and liabilities10/49€11k€27k▲
Equity10/15€-5k€2k▲
Contributions10/11€6k€11k▲
Reserves13€213€213=
Non-distributable reserves130/1-€213
Reserves not available under the articles1311-€213
Profit (loss) carried forward14€-12k€-9k▲
Amounts payable17/49€16k€25k▲
Amounts payable within one year42/48€16k€25k▲
Trade debts44€2k-
Taxes, remuneration and social security45-€100
Taxes450/3-€100
Other amounts payable47/48-€25k
Income statement
Code20192020
Non-recurring operating income76A-€8k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€116
Other operating charges640/8-€3k
Gross operating margin9900€-10k€6k▲
Operating profit (loss)9901€-11k€3k▲
Financial income75/76B-€0
Recurring financial income75€80€0▼
Financial charges65/66B-€42
Recurring financial charges65€44€42▼
Profit (loss) for the period before taxes9903€-11k€3k▲
Income taxes67/77€281-
Profit (loss) for the period9904€-11k€3k▲
Profit (loss) for the period to be appropriated9905€-11k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-9k
Profit (loss) brought forward from the previous period14P-€-12k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
25-09
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · SUBHANA BV LANGE BEELDEKENSSTRAAT 51, 2060 ANTWERPEN 6 · event 10-09-2024
2023
22-03
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · SUBHANA BV LANGE BEEL- DEKENSSTRAAT 51, 2060 ANTWERPEN 6 · event 16-03-2023
2022
20-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 263 days late
09-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 586 days late
2020
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 9 days late
2016
06-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 128 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 31 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
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ALEXANDRE BASTENIER LEON STYNENSTRAAT 63,
2000 ANTWERPEN 1 |
16-03-2023 → 10-09-2024 |