Target
Open bankruptcySummary
A bankruptcy procedure is open for Target according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €219k and a net result of €-78k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-09-2024, 61 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
61 d late
2022
88 d late
2021
31 d late
2020
132 d late
2019
110 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Equity
€219k▼ 26.2%
2022 · €297k
2018: €75k
2019: €105k
2020: €177k
2021: €287k
2022: €297k
2018 → 2023
Total assets
€1.04M▲ 23.8%
2022 · €841k
2018: €480k
2019: €678k
2020: €545k
2021: €738k
2022: €841k
2018 → 2023
Net result
€-78k
2022 · €10k
2018: €32k
2019: €30k
2020: €72k
2021: €110k
2022: €10k
2018 → 2023
Working capital
€-110k
2022 · €11k
2018: €-111k
2019: €-133k
2020: €-27k
2021: €50k
2022: €11k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€105k-€177k▲ 68.8%€287k▲ 62.1%€297k▲ 3.3%€219k▼ 26.2%
Operating result€52k-€137k▲ 162%€186k▲ 35.8%€17k▼ 91.1%€-36k
Net result€30k-€72k▲ 140%€110k▲ 52.1%€10k▼ 91.4%€-78k
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 turns negative in 2023: a loss of €36k after €17k in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.04M
Fixed assets
€700k ▲ 41.0%
Current assets
€341k ▼ 0.9%
Equity and liabilities €1.04M
Equity
€219k ▼ 26.2%
Debt
€823k ▲ 51.1%
Debt's share of the balance-sheet total rises from 64.7% to 79.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€148k▲
2022 · €140k
Cash flow
€107k▼
2022 · €133k
Current ratio
0.76▼
2022 · 1.03
Debt to equity
3.75▲
2022 · 1.83
ROE
-35.5%▼
2022 · 3.2%
ROA
-7.5%▼
2022 · 1.1%
Interest coverage
3.56▼
2022 · 13.07
Debt ≤ 1 year
€451k▲
2022 · €334k
Debt > 1 year
€364k▲
2022 · €204k
Income taxes
€1k▲
2022 · €-3k
Staff costs
€381k▲
2022 · €302k
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 · 2023 against 2022 · 55 lines
Balance sheet
Code20222023
Assets
Total assets20/58€841k€1.04M▲
Fixed assets21/28€497k€700k▲
Tangible fixed assets22/27€474k€677k▲
Plant, machinery and equipment23-€4k
Furniture and vehicles24€33k€39k▲
Leasing and similar rights25€353k€555k▲
Other tangible fixed assets26€88k€79k▼
Financial fixed assets28€23k€23k=
Current assets29/58€344k€341k▼
Amounts receivable after more than one year29€40k€40k=
Other amounts receivable291€40k€40k=
Amounts receivable within one year40/41€251k€253k▲
Trade receivables40€250k€233k▼
Other amounts receivable41€1k€19k▲
Cash at bank and in hand54/58€36k€19k▼
Deferred charges and accrued income490/1€18k€30k▲
Equity and liabilities
Total equity and liabilities10/49€841k€1.04M▲
Equity10/15€297k€219k▼
Contributions10/11€19k€19k=
Reserves13€278k€225k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€11k€11k=
Distributable reserves133€266k€213k▼
Profit (loss) carried forward14-€-25k
Amounts payable17/49€544k€823k▲
Amounts payable after more than one year17€204k€364k▲
Financial debts170/4€204k€364k▲
Amounts payable within one year42/48€334k€451k▲
Current portion of amounts payable after more than one year42€107k€134k▲
Trade debts44€61k€18k▼
Suppliers440/4€61k€18k▼
Taxes, remuneration and social security45€149k€300k▲
Taxes450/3€108k€186k▲
Remuneration and social security454/9€40k€113k▲
Other amounts payable47/48€16k€0▼
Accrued charges and deferred income492/3€7k€7k=
Income statement
Code20222023
Remuneration, social security and pensions62€302k€381k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€123k€184k▲
Other operating charges640/8€20k€23k▲
Gross operating margin9900€462k€553k▲
Operating profit (loss)9901€17k€-36k▼
Financial income75/76B€1k€1k▲
Recurring financial income75€1k€1k▲
Financial charges65/66B€11k€42k▲
Recurring financial charges65€11k€42k▲
Profit (loss) for the period before taxes9903€7k€-77k▼
Income taxes67/77€-3k€1k▲
Profit (loss) for the period9904€10k€-78k▼
Profit (loss) for the period to be appropriated9905€10k€-78k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€-78k▼
Transfer from equity791/2-€53k
Transfer to equity691/2€10k€0▼
To other reserves6921€10k€0▼
Social balance
Average headcount (FTE)90874.55.3▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
22-07
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · TARGET BV KLEINHOEF- STRAAT 5/11, 2440 GEEL · event 15-07-2025
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €-78k ▼919%
Net result drops to €-78k, the lowest in the series.
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 88 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
18-07
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · TARGET BV KLEINHOEFSTRAAT 5, BUS 11, 2440 GEEL · event 12-07-2022
04-07
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · TARGET BV KLEINHOEF- STRAAT 5 BUS 11, 2440 GEEL · event 28-06-2022
2021
31-12
Financial
Highest result since 2018net €110k ▲52.1%
Operating result €186k, net result €110k, both a record.
31-12
Financial
Equity above €200kEq €287k ▲62.1%
4 profitable years in a row build equity to €287k.
10-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 132 days late
2020
31-12
Financial
Equity above €150kEq €177k ▲68.8%
3 profitable years in a row build equity to €177k.
18-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 110 days late
Show earlier events
2019
31-12
Financial
Equity above €100kEq €105k ▲40.3%
2 profitable years in a row build equity to €105k.
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 69 days late
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Geel · 1 establishment unit since 2011
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.
Kleinhoefstraat 52440 GeelGround area
1.1 ha
Building footprint
3,240 m²
Volume, LiDAR
14,359 m³
Parcel 13376G0389/00P000, Flanders · tallest building 5.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Target
since 20112.204.096.257
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13376G0389/00P000 | Flanders | 1.1 ha | 1 · 3,240 m² | 5.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
3 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | BRAM VANGEEL DIESTSEWEG 155, 2440 GEEL- |
15-07-2025 → present |
| Curator | TOON BELMANS DIESTSEWEG 155,
2440 GEEL |
15-07-2025 → present |
| Curator | SENNE DRAULANS VEERLESEWEG 2 BUS 1, 2440 GEEL- |
28-06-2022 → 12-07-2022 |
Public money · subsidies and aid
Flemish government
2022 to 2024 · 4 entries · 6,610 EUR awarded · 6,574 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 569 EUR | 569 EUR |
| 2023 | 2 | 5,291 EUR | 5,255 EUR |
| 2022 | 1 | 750 EUR | 750 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteGeel2.204.096.257
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Of 3,190 companies in sector 52250 we hold annual accounts for 1,955. 1,463 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-10-2011
Fiscal year end31-12
Activities, NACEBEL 2025
52250Logistics services
63920Other information service activities
73110Advertising agencies
73300Public relations and communication consultancy
82300Organisation of conventions and trade shows
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.