THE COFFEE MACHINE
Bankruptcy closedSummary
THE COFFEE MACHINE was declared bankrupt on 16-12-2020 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed by liquidation by judgment of 07-07-2023, published in the Belgian State Gazette on 19-07-2023. The 2019 annual accounts show negative equity (€-265k) and a net result of €16k.
Signals
Two 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 31-12-2019 was due by 31-07-2020 and was filed on 28-08-2020, 28 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2019, micro schema
Equity
€-265k▲ 5.6%
2018 · €-281k
2018: €-281k
2019: €-265k▲ +5.6% vs 2018
2018 → 2019
Total assets
€176k▲ 11.4%
2018 · €158k
2018: €158k
2019: €176k▲ +11.4% vs 2018
2018 → 2019
Net result
€16k
2018 · €-71k
2018: €-71k
2019: €16k▲ +122% vs 2018
2018 → 2019
Working capital
€-188k▲ 8.6%
2018 · €-205k
2018: €-205k
2019: €-188k▲ +8.6% vs 2018
2018 → 2019
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019Trend
Equity€-281k-€-265k▲ 5.6%
2018: €-281k
2019: €-265k▲ +5.6% vs 2018
Operating result€-65k-€22k
2018: €-65k
2019: €22k▲ +133% vs 2018
Net result€-71k-€16k
2018: €-71k
2019: €16k▲ +122% vs 2018
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 2019: €22k after a loss of €65k in 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €176k
Fixed assets
€23k ▼ 16.2%
Current assets
€153k ▲ 17.2%
Key figures and ratios
EBITDA
€26k▲
2018 · €-50k
Cash flow
€20k▲
2018 · €-56k
Solvency
-150.7%▲
2018 · -177.8%
Current ratio
0.45▲
2018 · 0.39
Quick ratio
0.14▲
2018 · 0.12
Debt to equity
-0.37▲
2018 · -0.37
ROA
9.0%▲
2018 · -45.2%
Debt
€441k▲
2018 · €439k
Debt ≤ 1 year
€341k▲
2018 · €336k
Debt > 1 year
€97k▼
2018 · €103k
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 · 2019 against 2018 · 24 lines
Balance sheet
Code20182019
Assets
Total assets20/58€158k€176k▲
Fixed assets21/28€27k€23k▼
Tangible fixed assets22/27€7k€3k▼
Financial fixed assets28€20k€20k▲
Current assets29/58€131k€153k▲
Stocks and contracts in progress3€92k€105k▲
Amounts receivable within one year40/41€30k€42k▲
Cash at bank and in hand54/58€8k€5k▼
Equity and liabilities
Total equity and liabilities10/49€158k€176k▲
Equity10/15€-281k€-265k▲
Contributions10/11€25k€25k=
Profit (loss) carried forward14€-306k€-290k▲
Amounts payable17/49€439k€441k▲
Amounts payable after more than one year17€103k€97k▼
Amounts payable within one year42/48€336k€341k▲
Trade debts44€101k€93k▼
Income statement
Code20182019
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€4k▼
Gross operating margin9900€76k€156k▲
Operating profit (loss)9901€-65k€22k▲
Recurring financial income75€3k€6k▲
Recurring financial charges65€9k€12k▲
Profit (loss) for the period before taxes9903€-71k€16k▲
Profit (loss) for the period9904€-71k€16k▲
Profit (loss) for the period to be appropriated9905€-71k€16k▲
Accounts by statement
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15k | €4k | ▼ 70.2% |
| Gross operating margin9900 | €76k | €156k | ▲ 106% |
| Operating profit (loss)9901 | €-65k | €22k | ▲ 133% |
| Recurring financial income75 | €3k | €6k | ▲ 70.3% |
| Recurring financial charges65 | €9k | €12k | ▲ 24.2% |
| Profit (loss) for the period before taxes9903 | €-71k | €16k | ▲ 122% |
| Profit (loss) for the period9904 | €-71k | €16k | ▲ 122% |
| Profit (loss) for the period to be appropriated9905 | €-71k | €16k | ▲ 122% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €158k | €176k | ▲ 11.4% |
| Fixed assets21/28 | €27k | €23k | ▼ 16.2% |
| Tangible fixed assets22/27 | €7k | €3k | ▼ 60.2% |
| Financial fixed assets28 | €20k | €20k | ▲ 0.1% |
| Current assets29/58 | €131k | €153k | ▲ 17.2% |
| Stocks and contracts in progress3 | €92k | €105k | ▲ 14.5% |
| Amounts receivable within one year40/41 | €30k | €42k | ▲ 38.3% |
| Cash at bank and in hand54/58 | €8k | €5k | ▼ 37.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €158k | €176k | ▲ 11.4% |
| Equity10/15 | €-281k | €-265k | ▲ 5.6% |
| Contributions10/11 | €25k | €25k | = |
| Profit (loss) carried forward14 | €-306k | €-290k | ▲ 5.2% |
| Amounts payable17/49 | €439k | €441k | ▲ 0.5% |
| Amounts payable after more than one year17 | €103k | €97k | ▼ 5.8% |
| Amounts payable within one year42/48 | €336k | €341k | ▲ 1.4% |
| Trade debts44 | €101k | €93k | ▼ 8.5% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-71k | €16k | ▲ 122% |
| + Depreciation and write-downs630 | €15k | €4k | ▼ 70.2% |
| Operating cash flow (approximation) | €-56k | €20k | ▲ 136% |
| Investment in fixed assets (approximation) | - | €-12 | - |
| Change in cash | - | €-3k | - |
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
2023
19-07
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise francophone de Bruxelles · event 07-07-2023
2021
06-01
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 16-12-2020
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
29-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 60 days late
2014
29-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 29 days late
2013
28-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 28 days late
2012
29-08
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 29 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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
Registered office, Ukkel · 1 establishment unit since 2011
Ground area
9,370 m²
Building footprint
89 m²
Volume, LiDAR
697 m³
2 parcels, Brussels · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
THE COFFEE MACHINE
since 20112.196.701.293
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616G0445/00C000 | Brussels | 9,210 m² | 1 · 9 m² | 4.8 m · 1 fl. |
| 21614H0010/00C034 | Brussels | 160 m² | 1 · 80 m² | 11.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ANTHONY BOCHON AVENUE LOUISE 522 BOITE 1,
1050 IXELLES |
16-12-2020 → 07-07-2023 |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded24-02-2011
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.