TANGLEWOOD
Inactive1 interim measureInactive; last annual accounts for fiscal year 2018.
Summary
TANGLEWOOD was declared bankrupt on 09-05-2022 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed for insufficient assets by judgment of 10-10-2022, published in the Belgian State Gazette on 14-10-2022.
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 31-12-2018. Since then, 7 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2019 close31-07-2020 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2018 was due by 31-07-2019 and was filed on 30-08-2019, 30 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
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filings
The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2018, micro schema
Equity
-€111,402
Total assets
€352
Net result
-€13,196
Working capital
-€111,402
Turnover and EBIT margin not published: the micro schema does not require them.
Key figures and ratios
EBITDA
-€12,048
Cash flow
-€12,390
Debt
€111,754
Debt ≤ 1 year
€111,754
Income taxes
€165
Ratios withheld: a balance sheet total of €352 is too small for a meaningful ratio.
Annual accounts
| Line | 2018 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €807 |
| Gross operating margin9900 | -€11,240 |
| Operating profit (loss)9901 | -€12,855 |
| Recurring financial charges65 | €176 |
| Profit (loss) for the period before taxes9903 | -€13,031 |
| Income taxes67/77 | €165 |
| Profit (loss) for the period9904 | -€13,196 |
| Profit (loss) for the period to be appropriated9905 | -€13,196 |
| Line | 2018 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €352 | |
| Current assets29/58 | €352 | |
| Amounts receivable within one year40/41 | €4 | |
| Cash at bank and in hand54/58 | €46 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €352 | |
| Equity10/15 | -€111,402 | |
| Contributions10/11 | €18,600 | |
| Profit (loss) carried forward14 | -€130,002 | |
| Amounts payable17/49 | €111,754 | |
| Amounts payable within one year42/48 | €111,754 | |
| Trade debts44 | €3,502 | |
| Line | 2018 |
|---|---|
| Profit (loss) for the period9904 | -€13,196 |
| + Depreciation and write-downs630 | €807 |
| Operating cash flow (approximation) | -€12,390 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2022
14-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 10-10-2022
16-05
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 09-05-2022
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
27-03
Interim measure
Provisional administrator
Ondernemingsrechtbank Gent · event 22-03-2019
2014
28-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 28 days late
2013
29-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 29 days late
2012
28-08
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 28 days late
2011
26-08
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 26 days late
2010
26-08
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema · 26 days late
2009
20-08
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema · 20 days late
2008
26-06
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema
2007
25-06
NBB filing
Annual accounts filed
fiscal year 2006 · abbreviated schema
2006
16-06
NBB filing
Annual accounts filed
fiscal year 2005 · abbreviated schema
SignalNBB filing
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | KRIS GOEMAN LEOPOLDLAAN 15, 9200 DENDER-
MONDE |
09-05-2022 → 10-10-2022 |