THE OPEN KITCHEN
InactiveTHE OPEN KITCHEN was declared bankrupt on 17-10-2022 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 06-04-2023, published in the Belgian State Gazette on 14-04-2023.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three 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 30-06-2022, 4 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 · 6 filingsPosition against the passed deadline
30-06-2022 close31-01-2023 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2021 was due by 31-01-2022 and was filed on 29-11-2021, 63 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
63 d early
2020
33 d early
2019
19 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-1k
2020 · €731
2019: €1k
2020: €731
2019 → 2021
Working capital
€9k▲ 21.8%
2020 · €7k
2019: €7k
2020: €7k
2019 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202021Trend
Equity€14k-€15k▲ 9.8%€14k▼ 7.7%
Operating result€14k-€12k▼ 13.9%€3k▼ 74.3%
Net result€1k-€731▼ 29.1%€-1k
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2021 is 74% below 2020 and is the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €45k
Fixed assets
€5k ▼ 34.8%
Current assets
€40k ▲ 11.1%
Equity and liabilities €45k
Equity
€14k ▼ 7.7%
Debt
€31k ▲ 8.4%
Debt's share of the balance-sheet total rises from 66.0% to 69.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€10k▼
2020 · €18k
Cash flow
€5k▼
2020 · €6k
Current ratio
1.28▲
2020 · 1.25
ROE
-8.4%▼
2020 · 4.9%
ROA
-2.6%▼
2020 · 1.7%
Debt ≤ 1 year
€31k▲
2020 · €29k
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 · 2021 against 2020 · 23 lines
Balance sheet
Code20202021
Assets
Total assets20/58€44k€45k▲
Fixed assets21/28€8k€5k▼
Tangible fixed assets22/27€8k€5k▼
Financial fixed assets28€150€150=
Current assets29/58€36k€40k▲
Amounts receivable within one year40/41€24k€24k▼
Cash at bank and in hand54/58€10k€14k▲
Equity and liabilities
Total equity and liabilities10/49€44k€45k▲
Equity10/15€15k€14k▼
Contributions10/11€6k-
Reserves13€878€878=
Profit (loss) carried forward14€8k€7k▼
Amounts payable17/49€29k€31k▲
Amounts payable within one year42/48€29k€31k▲
Trade debts44€7k€271▼
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€7k▲
Gross operating margin9900€22k€10k▼
Operating profit (loss)9901€12k€3k▼
Recurring financial income75-€8
Recurring financial charges65€12k€4k▼
Profit (loss) for the period before taxes9903€731€-1k▼
Profit (loss) for the period9904€731€-1k▼
Profit (loss) for the period to be appropriated9905€731€-1k▼
Timeline · acts, filings and financial milestones
2023
14-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · THE OPEN KITCHEN SRL BOULEVARD SAINT-MICHEL 17, 1040 ETTERBEEK. déclarée le 17 octobre 2022 · event 06-04-2023
2022
08-11
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · THE OPEN KITCHEN SRL BOULEVARD SAINT-MICHEL 17, 1040 ETTERBEEK · event 17-10-2022
2021
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Weakest financial yearnet €-1k ▼258%
Net result drops to €-1k, the lowest in the series.
2020
29-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
19-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 19 days late
2018
03-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
08-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
09-12
NBB filing
Annual accounts filed
fiscal year 2016 · full 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.
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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
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
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MAIA GUTMANN LE PAIGE RUE DE LA LOI 28,
1040 BRUXELLES 4 |
17-10-2022 → 06-04-2023 |