'T CONTRAST
Inactive'T CONTRAST was declared bankrupt on 12-12-2023 (Ondernemingsrechtbank Antwerpen, afdeling Turnhout); the bankruptcy was closed by liquidation by judgment of 01-04-2025, published in the Belgian State Gazette on 07-04-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2023.
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 30-06-2024, 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 · 10 filingsPosition against the passed deadline
30-06-2024 close31-01-2025 deadline23-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 29-11-2023, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
63 d early
2022
5 d early
2021
41 d early
2020
2 d early
2019
44 d early
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€-148k▼ 618%
2022 · €-21k
2019: €79k
2020: €68k
2021: €26k
2022: €-21k
2019 → 2023
Total assets
€23k▼ 67.4%
2022 · €72k
2019: €317k
2020: €305k
2021: €272k
2022: €72k
2019 → 2023
Net result
€-127k▼ 176%
2022 · €-46k
2019: €18k
2020: €-12k
2021: €-42k
2022: €-46k
2019 → 2023
Working capital
€-162k▼ 314%
2022 · €-39k
2019: €55k
2020: €39k
2021: €3k
2022: €-39k
2019 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€79k-€68k▼ 14.8%€26k▼ 62.3%€-21k€-148k▼ 618%
Operating result€33k-€-8k€-40k▼ 383%€-42k▼ 5.7%€-124k▼ 195%
Net result€18k-€-12k€-42k▼ 258%€-46k▼ 9.6%€-127k▼ 176%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €124k in 2023 against €42k 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 €23k
Fixed assets
€14k▼ 24.2%
Current assets
€9k▼ 82.9%
Key figures and ratios
EBITDA
€-120k▼
2022 · €-33k
Cash flow
€-123k▼
2022 · €-37k
Solvency
-633.1%▼
2022 · -28.7%
Current ratio
0.05▼
2022 · 0.57
Quick ratio
0.03▼
2022 · 0.53
Debt / equity
-1.16▲
2022 · -4.48
ROA
-544.9%▼
2022 · -64.3%
Interest coverage
6897.80▲
2022 · -12.81
Debt
€171k▲
2022 · €92k
Debt ≤ 1 year
€171k▲
2022 · €92k
Income taxes
€3k▲
2022 · €1k
Staff costs
€152k▼
2022 · €195k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€72k€23k▼
Fixed assets21/28€19k€14k▼
Tangible fixed assets22/27€18k€14k▼
Land and buildings22€11k€9k▼
Plant, machinery and equipment23€6k€4k▼
Furniture and vehicles24€1k€662▼
Financial fixed assets28€1k-
Current assets29/58€53k€9k▼
Stocks and contracts in progress3€4k€4k=
Stocks30/36€4k€4k=
Amounts receivable within one year40/41€3k€4k▲
Trade receivables40€3k€4k▲
Other amounts receivable41-€511
Cash at bank and in hand54/58€45k€60▼
Deferred charges and accrued income490/1€786€807▲
Equity and liabilities
Total equity and liabilities10/49€72k€23k▼
Equity10/15€-21k€-148k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€-41k€-169k▼
Amounts payable17/49€92k€171k▲
Amounts payable after more than one year17€260-
Financial debts170/4€260-
Amounts payable within one year42/48€92k€171k▲
Current portion of amounts payable after more than one year42€3k€260▼
Trade debts44€35k€18k▼
Suppliers440/4€35k€18k▼
Taxes, remuneration and social security45€38k€28k▼
Taxes450/3€19k€9k▼
Remuneration and social security454/9€19k€20k▲
Other amounts payable47/48€16k€125k▲
Income statement
Code20222023
Non-recurring operating income76A-€7k
Remuneration, social security and pensions62€195k€152k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€5k▼
Other operating charges640/8€3k€4k▲
Gross operating margin9900€165k€36k▼
Operating profit (loss)9901€-42k€-124k▼
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€3k€-17▼
Recurring financial charges65€3k€-17▼
Profit (loss) for the period before taxes9903€-45k€-124k▼
Income taxes67/77€1k€3k▲
Profit (loss) for the period9904€-46k€-127k▼
Profit (loss) for the period to be appropriated9905€-46k€-127k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-41k€-169k▼
Profit (loss) brought forward from the previous period14P€5k€-41k▼
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
2025
07-04
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · ’T CONTRAST BV DE MERODEDREEF 61, 2260 WESTERLO · event 01-04-2025
2023
21-12
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · ’T CONTRAST BV DE MERO- DEDREEF 61, 2260 WESTERLO · event 12-12-2023
29-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Weakest financial yearnet €-127k
Net result drops to €-127k, the lowest in the series.
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
18-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
22-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
30-11
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2014
23-12
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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 | JACQUES ARNAUTS-SMEETS AARSCHOTSE-
STEENWEG 7, 2230 HERSELT |
12-12-2023 → present |
| Curator | GUNTHER PEETERS AARSCHOTSESTEENWEG 7, 2230 HERSELT- |
12-12-2023 → present |