Totum
Open bankruptcyA bankruptcy procedure is open for Totum according to publications in the Belgian State Gazette; curator: BENNY GOOSSENS. The 2020 annual accounts show negative equity (€-14k) and a net result of €3k.
Signals
Four 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 31-12-2020 was due by 31-07-2021 and was filed on 27-09-2021, 58 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
58 d late
2019
101 d late
← before the deadline
after the deadline →
Financials · fiscal year 2020, micro schema
Equity
€-14k▲ 18.7%
2019 · €-17k
2018: €-35k
2019: €-17k
2018 → 2020
Total assets
€92k▼ 9.1%
2019 · €101k
2018: €114k
2019: €101k
2018 → 2020
Net result
€3k▼ 81.6%
2019 · €17k
2018: €-65k
2019: €17k
2018 → 2020
Working capital
€-20k▲ 16.8%
2019 · €-25k
2018: €-28k
2019: €-25k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€-35k-€-17k▲ 50.4%€-14k▲ 18.7%
Operating result€-63k-€17k€4k▼ 77.1%
Net result€-65k-€17k€3k▼ 81.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2020; 2020 is 77% below 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €92k
Fixed assets
€50k▼ 13.2%
Current assets
€42k▼ 3.5%
Key figures and ratios
EBITDA
€12k▼
2019 · €26k
Cash flow
€12k▼
2019 · €26k
Solvency
-15.2%▲
2019 · -17.0%
Current ratio
0.67▲
2019 · 0.64
Quick ratio
0.61▼
2019 · 0.64
Debt / equity
-2.47▼
2019 · -2.05
ROA
3.5%▼
2019 · 17.3%
Debt
€106k▼
2019 · €118k
Debt ≤ 1 year
€62k▼
2019 · €68k
Debt > 1 year
€34k▼
2019 · €35k
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 · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€101k€92k▼
Fixed assets21/28€58k€50k▼
Tangible fixed assets22/27€58k€49k▼
Financial fixed assets28€89€839▲
Current assets29/58€43k€42k▼
Stocks and contracts in progress3-€4k
Amounts receivable within one year40/41€37k€36k▼
Cash at bank and in hand54/58€6k€2k▼
Equity and liabilities
Total equity and liabilities10/49€101k€92k▼
Equity10/15€-17k€-14k▲
Contributions10/11€30k-
Profit (loss) carried forward14€-47k€-44k▲
Amounts payable17/49€118k€106k▼
Amounts payable after more than one year17€35k€34k▼
Amounts payable within one year42/48€68k€62k▼
Trade debts44€43k€31k▼
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k=
Gross operating margin9900€37k€23k▼
Operating profit (loss)9901€17k€4k▼
Recurring financial income75€3k€2k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€17k€3k▼
Profit (loss) for the period9904€17k€3k▼
Profit (loss) for the period to be appropriated9905€17k€3k▼
Timeline · acts, filings and financial milestones
2022
17-10
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · TOTUM BV ONDERSTRAAT 55, 9000 GENT · event 11-10-2022
2021
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 58 days late
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 56 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
Registered office, Gent · 1 establishment unit since 2017
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.
Onderstraat 559000 GentGround area
69 m²
Building footprint
69 m²
Volume, LiDAR
771 m³
Parcel 44802B1524/00D000, Flanders · tallest building 15.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
'T Steen
since 20172.272.621.908
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44802B1524/00D000 | Flanders | 69 m² | 1 · 69 m² | 14.9 m · 4 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | BENNY GOOSSENS TOLPOORTSTRAAT 145,
9800 DEINZE |
11-10-2022 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.272.621.908
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Of 14,023 companies in sector 56301 we hold annual accounts for 4,893. 664 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded15-11-2017
Fiscal year end31-12
Activities, NACEBEL
56301Cafés and bars
47630Retail trade
47690Retail sale of other cultural and recreation goods
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.