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SUMMERFESTIVAL

Open bankruptcy
Private limited company (pre-2019)founded 2009Beukenlaan 12, 2020 Antwerpen, BelgiumKBO/BCE: BE 0809.990.283
Summary

A bankruptcy procedure is open for SUMMERFESTIVAL according to publications in the Belgian State Gazette. The 2020 annual accounts show negative equity (€-580k) and a net result of €25k.

Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 31-08-2021, 31 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 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
31 d late
2019
139 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2020, abbreviated schema

Equity
€-580k▲ 4.2%
2019 · €-605k
Total assets
€111k▼ 64.1%
2019 · €308k
Net result
€25k
2019 · €-342k
Working capital
€-580k▲ 4.2%
2019 · €-605k
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
Line201820192020
Operating result€-315k-€-341k▼ 8.2%€26k
Net result€-318k-€-342k▼ 7.5%€25k
Equity€-263k-€-605k▼ 130%€-580k▲ 4.2%
Total assets€436k-€308k▼ 29.3%€111k▼ 64.1%
Debt€699k-€913k▲ 30.6%€690k▼ 24.4%
Working capital€-263k-€-605k▼ 130%€-580k▲ 4.2%
Staff (FTE)0.3-0.8▲ 167%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
€-400k€-300k€-200k€-100k€0Operating result 2018: €-315k€-315kNet result 2018: €-318k€-318kOperating result 2019: €-341k€-341kNet result 2019: €-342k€-342kOperating result 2020: €26k€26kNet result 2020: €25k€25k201820192020€-400k€-300k€-200k€-100k€0Operating result 2018: €-315k€-315kNet result 2018: €-318k€-318kOperating result 2019: €-341k€-341kNet result 2019: €-342k€-342kOperating result 2020: €26k€26kNet result 2020: €25k€25k201820192020
The operating result returns to profit in 2020: €26k after a loss of €341k in 2019, the highest result in the available series.
Key figures and ratios
2020 value · change against 2019
Solvency
-524.1%▼
2019 · -196.2%
Current ratio
0.16▼
2019 · 0.34
ROA
22.7%▲
2019 · -110.8%
Debt ≤ 1 year
€690k▼
2019 · €913k
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 · 2020 against 2019 · 19 lines
Balance sheet Code20192020
Assets
Total assets20/58€308k€111k▼
Current assets29/58€308k€111k▼
Amounts receivable within one year40/41€157k€108k▼
Cash at bank and in hand54/58€152k€2k▼
Equity and liabilities
Total equity and liabilities10/49€308k€111k▼
Equity10/15€-605k€-580k▲
Contributions10/11€25k-
Reserves13€3k€3k=
Profit (loss) carried forward14€-632k€-607k▲
Amounts payable17/49€913k€690k▼
Amounts payable within one year42/48€913k€690k▼
Trade debts44€147k€12k▼
Income statement Code20192020
Gross operating margin9900€-238k€29k▲
Operating profit (loss)9901€-341k€26k▲
Recurring financial income75€1-
Recurring financial charges65€849€517▼
Profit (loss) for the period before taxes9903€-342k€25k▲
Profit (loss) for the period9904€-342k€25k▲
Profit (loss) for the period to be appropriated9905€-342k€25k▲
Line201820192020Change
Gross operating margin9900€-264k€-238k€29k▲ 112%
Operating profit (loss)9901€-315k€-341k€26k▲ 108%
Recurring financial income75€303€1--
Recurring financial charges65€3k€849€517▼ 39.1%
Profit (loss) for the period before taxes9903€-318k€-342k€25k▲ 107%
Profit (loss) for the period9904€-318k€-342k€25k▲ 107%
Profit (loss) for the period to be appropriated9905€-318k€-342k€25k▲ 107%
Line201820192020Change
Assets
Total assets20/58€436k€308k€111k▼ 64.1%
Current assets29/58€436k€308k€111k▼ 64.1%
Amounts receivable within one year40/41€413k€157k€108k▼ 30.9%
Cash at bank and in hand54/58€5k€152k€2k▼ 98.4%
Equity and liabilities
Total equity and liabilities10/49€436k€308k€111k▼ 64.1%
Equity10/15€-263k€-605k€-580k▲ 4.2%
Contributions10/11€25k€25k--
Reserves13€3k€3k€3k=
Profit (loss) carried forward14€-291k€-632k€-607k▲ 4.0%
Amounts payable17/49€699k€913k€690k▼ 24.4%
Amounts payable within one year42/48€699k€913k€690k▼ 24.4%
Trade debts44€517k€147k€12k▼ 92.0%
Line201820192020Change
Profit (loss) for the period9904€-318k€-342k€25k▲ 107%
Operating cash flow (approximation)€-318k€-342k€25k▲ 107%
Change in cash-€147k€-149k▼ 202%

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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Timeline · acts, filings and financial milestones

2022
09-05
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 03-05-2022
2021
31-08
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial Back to profitnet €25k
Net result €25k after 2 loss-making years.
17-12
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 139 days late
2019
31-12
Financial Weakest financial yearnet €-342k
Net result drops to €-342k, the lowest in the series.
16-09
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 47 days late
2018
31-05
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2016
08-09
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 39 days late
2014
20-10
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema
2013
29-10
NBB filing Annual accounts filed
fiscal year 2013 · abbreviated schema
2012
26-09
NBB filing Annual accounts filed
fiscal year 2012 · abbreviated schema
2011
26-10
NBB filing Annual accounts filed
fiscal year 2011 · abbreviated schema
2010
27-10
NBB filing Annual accounts filed
fiscal year 2010 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts

We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
10 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
Registered office, Antwerpen · 1 establishment unit since 2009
seat establishment The establishment unit on the map
Ground area
1.0 ha
Parcel 11812M0125/00A000, Flanders. Linked by address, not a title deed.
10 companies at this address See who is registered here
1 establishment unit
SUMMERFESTIVAL
Beukenlaan 12, 2020 AntwerpenFood and beverage service activities
since 20092.176.811.246
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11812M0125/00A000 Flanders 1.0 ha - -
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Insolvency mandates

2 mandates
Role Name Tenure
Curator THOMAS DEBAENE
KONINKLIJKE LAAN 60, 2600 BERCHEM (ANTWERPEN)
03-05-2022 → present
Curator ERIK GREEVE
KONINKLIJKELAAN 60, 2600 BERCHEM (ANTWERPEN)
03-05-2022 → present

Recognitions · licences · registrations

Food safety, FASFC

1 site
Antwerpen2.176.811.246
1 permission
Ambulante drankgelegenheid · since 01-07-2016

Similar companies · same sector, comparable size

Of 3,527 companies in sector 90391 we hold annual accounts for 681. 532 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded23-02-2009
Fiscal year end31-12
Activities, NACEBEL 2025
90391Promotion and organisation of arts and performing arts events
82300Organisation of conventions and trade shows
90393Specialised image, lighting and sound technical services
90392Design and construction of stages and sets

Scores and ratios are computed by Checked and are not a credit decision.