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TSO GROUP

Inactive
KBO/BCE: BE 0691.782.818

TSO GROUP was declared bankrupt on 07-10-2021 (Ondernemingsrechtbank Antwerpen, afdeling Hasselt); the bankruptcy was closed by liquidation by judgment of 02-11-2023, published in the Belgian State Gazette on 08-11-2023.

Summary

Inactive; last annual accounts for fiscal year 2018.

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TSO GROUPInactive
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Signals

Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Belgian State Gazette
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2018 was due by 31-07-2019 and was filed on 17-12-2019, 139 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 1 filing
Deviation from the deadline
2018
139 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its 2018 accounts 139 days after the deadline; the Belgian median for financial year 2018 is 2 days before the deadline, and 42% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

TSO GROUP has filed annual accounts once, for fiscal year 2018.1 The company was declared bankrupt on 7 October 2021; the bankruptcy was closed on 2 November 2023.23

  1. 1National Bank, annual accounts 2018
  2. 2Belgian State Gazette, 13-10-2021
  3. 3Belgian State Gazette, 08-11-2023

Financials · fiscal year 2018, micro schema

Equity
-€14,071
Total assets
€43,946
Net result
-€20,271
Working capital
-€42,247

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €43,946
Fixed assets €28,176
Current assets €15,770
Key figures and ratios
2018 value
EBITDA
-€16,181
Cash flow
-€16,426
Solvency
-32.0%
Current ratio
0.27
ROA
-46.1%
Debt
€58,017
Debt ≤ 1 year
€58,017
Annual accounts
Filed annual accounts As filed with the NBB · 2018 · 19 lines
Balance sheet Code2018
Assets
Total assets20/58€43,946
Fixed assets21/28€28,176
Tangible fixed assets22/27€28,176
Current assets29/58€15,770
Amounts receivable within one year40/41€14,341
Cash at bank and in hand54/58€1,429
Equity and liabilities
Total equity and liabilities10/49€43,946
Equity10/15-€14,071
Contributions10/11€6,200
Profit (loss) carried forward14-€20,271
Amounts payable17/49€58,017
Amounts payable within one year42/48€58,017
Income statement Code2018
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,846
Gross operating margin9900-€16,019
Operating profit (loss)9901-€20,026
Recurring financial charges65€245
Profit (loss) for the period before taxes9903-€20,271
Profit (loss) for the period9904-€20,271
Profit (loss) for the period to be appropriated9905-€20,271
Line2018
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,846
Gross operating margin9900-€16,019
Operating profit (loss)9901-€20,026
Recurring financial charges65€245
Profit (loss) for the period before taxes9903-€20,271
Profit (loss) for the period9904-€20,271
Profit (loss) for the period to be appropriated9905-€20,271
Line2018
Assets
Total assets20/58€43,946
Fixed assets21/28€28,176
Tangible fixed assets22/27€28,176
Current assets29/58€15,770
Amounts receivable within one year40/41€14,341
Cash at bank and in hand54/58€1,429
Equity and liabilities
Total equity and liabilities10/49€43,946
Equity10/15-€14,071
Contributions10/11€6,200
Profit (loss) carried forward14-€20,271
Amounts payable17/49€58,017
Amounts payable within one year42/48€58,017
Line2018
Profit (loss) for the period9904-€20,271
+ Depreciation and write-downs630€3,846
Operating cash flow (approximation)-€16,426

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2023
08-11
Bankruptcy Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 02-11-2023
2021
13-10
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 07-10-2021
2019
17-12
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 139 days late
SignalNBB filing
0 of 5 acts read
About the unread acts

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
5 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

Insolvency mandates

1 mandate
Role Name Tenure
Curator THEO MACOURS
EERSELS 56, 3980 TESSENDERLO-
 07-10-2021 → 02-11-2023

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