Tivoli
Open bankruptcyA bankruptcy procedure is open for Tivoli according to publications in the Belgian State Gazette; curator: MATTHIAS GESQUIERE. The 2021 annual accounts show equity of €27k and a net result of €-31k.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2021, micro schema
Equity
€27k▼ 53.5%
2020 · €58k
2018: €36k
2019: €51k
2020: €58k
2018 → 2021
Total assets
€734k▲ 43.3%
2020 · €512k
2018: €201k
2019: €275k
2020: €512k
2018 → 2021
Net result
€-31k
2020 · €7k
2018: €-22k
2019: €15k
2020: €7k
2018 → 2021
Working capital
€13k▼ 75.1%
2020 · €51k
2018: €3k
2019: €47k
2020: €51k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€36k-€51k▲ 43.3%€58k▲ 13.3%€27k▼ 53.5%
Operating result€-15k-€34k€21k▼ 39.1%€-32k
Net result€-22k-€15k€7k▼ 55.8%€-31k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €32k after €21k in 2020, the lowest year so far.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €734k
Fixed assets
€14k▲ 107%
Current assets
€719k▲ 42.4%
Equity and liabilities €734k
Equity
€27k▼ 53.5%
Debt
€707k▲ 55.5%
The debt ratio rises from 88.7% to 96.3%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-26k▼
2020 · €29k
Cash flow
€-25k▼
2020 · €15k
Solvency
3.7%▼
2020 · 11.3%
Current ratio
1.02▼
2020 · 1.11
Quick ratio
1.02▼
2020 · 1.11
Debt / equity
26.29▲
2020 · 7.87
ROE
-114.9%▼
2020 · 11.8%
ROA
-4.2%▼
2020 · 1.3%
Interest coverage
-2.97▼
2020 · 3.59
Debt
€707k▲
2020 · €454k
Debt ≤ 1 year
€707k▲
2020 · €454k
Staff costs
€116k▼
2020 · €160k
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€512k€734k▲
Fixed assets21/28€7k€14k▲
Tangible fixed assets22/27€7k€14k▲
Plant, machinery and equipment23€78€3k▲
Furniture and vehicles24€6k€11k▲
Leasing and similar rights25€919-
Current assets29/58€505k€719k▲
Amounts receivable within one year40/41€496k€713k▲
Trade receivables40€386k€391k▲
Other amounts receivable41€110k€322k▲
Cash at bank and in hand54/58€2k€2k=
Deferred charges and accrued income490/1€7k€4k▼
Equity and liabilities
Total equity and liabilities10/49€512k€734k▲
Equity10/15€58k€27k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€37k€6k▼
Amounts payable17/49€454k€707k▲
Amounts payable within one year42/48€454k€707k▲
Current portion of amounts payable after more than one year42€4k-
Financial debts43€9k€10k▲
Credit institutions430/8€9k€10k▲
Trade debts44€94k€344k▲
Suppliers440/4€94k€344k▲
Advances received on contracts in progress46€281k€285k▲
Taxes, remuneration and social security45€67k€67k▲
Taxes450/3€56k€48k▼
Remuneration and social security454/9€11k€19k▲
Income statement
Code20202021
Remuneration, social security and pensions62€160k€116k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€6k▼
Other operating charges640/8€29k€21k▼
Non-recurring operating charges66A-€19k
Gross operating margin9900€217k€129k▼
Operating profit (loss)9901€21k€-32k▼
Financial income75/76B€9k€10k▲
Recurring financial income75€9k€10k▲
Financial charges65/66B€8k€9k▲
Recurring financial charges65€8k€9k▲
Profit (loss) for the period before taxes9903€22k€-31k▼
Income taxes67/77€15k-
Profit (loss) for the period9904€7k€-31k▼
Profit (loss) for the period to be appropriated9905€7k€-31k▼
Appropriation of the result
Profit (loss) to be appropriated9906€37k€6k▼
Profit (loss) brought forward from the previous period14P€30k€37k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
28-12
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · TIVOLI BV LUCAS MUNICH- STRAAT 41/A, 9000 GENT · event 22-12-2023
18-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 353 days late
2022
15-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 350 days late
2021
30-09
Financial
Weakest financial yearnet €-31k ▼554%
Net result drops to €-31k, the lowest in the series.
2020
28-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 154 days late
30-09
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
2018
16-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
01-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
13 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
1 establishment unit since 2014
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.
Ground area
129 m²
Building footprint
118 m²
Volume, LiDAR
1,491 m³
2 parcels, Brussels, Flanders · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Tivoli
since 20142.225.266.904
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21364B0183/00H003 | Brussels | 75 m² | 1 · 63 m² | 17.8 m · 5 fl. |
| 44804D0470/69A000 | Flanders | 54 m² | 1 · 54 m² | 14.3 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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 | MATTHIAS GESQUIERE MAALTEMEERS 84, 9051 1
GENT (SINT-DENIJS-WESTREM) |
22-12-2023 → present |
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Of 12,449 companies in sector 49410 we hold annual accounts for 8,086. 5,276 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded10-12-2013
Fiscal year end30-09
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.