TUBES PROJECT
Open bankruptcyA bankruptcy procedure is open for TUBES PROJECT according to publications in the Belgian State Gazette; curator: CATHERINE HUPEZ.
Summary
The file additionally contains 3 judicial reorganisation notices. The 2023 annual accounts show negative equity (€-42k) and a net result of €13k.
Signals
Three 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 31-12-2023 was due by 31-07-2024 and was filed on 30-08-2024, 30 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
30 d late
2022
21 d late
2021
25 d early
2020
18 d late
2019
19 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€-42k▲ 23.3%
2022 · €-55k
2018: €-14k
2019: €-5k
2020: €-39k
2021: €-72k
2022: €-55k
2018 → 2023
Total assets
€72k▲ 3.3%
2022 · €70k
2018: €143k
2019: €108k
2020: €65k
2021: €56k
2022: €70k
2018 → 2023
Net result
€13k▼ 21.3%
2022 · €16k
2018: €-15k
2019: €9k
2020: €-34k
2021: €-33k
2022: €16k
2018 → 2023
Working capital
€-48k▲ 13.3%
2022 · €-55k
2018: €-18k
2019: €-11k
2020: €-39k
2021: €-72k
2022: €-55k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€-5k-€-39k▼ 708%€-72k▼ 83.4%€-55k▲ 22.9%€-42k▲ 23.3%
Operating result€26k-€-31k€-21k▲ 33.6%€20k€22k▲ 11.6%
Net result€9k-€-34k€-33k▲ 4.8%€16k€13k▼ 21.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed three years in a row; 2023 is 12% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €72k
Fixed assets
€6k ▲ 3,544%
Current assets
€66k ▼ 4.6%
Key figures and ratios
Solvency
-59.0%▲
2022 · -79.5%
Current ratio
0.58▲
2022 · 0.56
Debt to equity
-2.70▼
2022 · -2.26
ROA
17.9%▼
2022 · 23.5%
Debt
€114k▼
2022 · €125k
Debt ≤ 1 year
€114k▼
2022 · €125k
Income taxes
€1k▲
2022 · €-250
Staff costs
€134k▲
2022 · €124k
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 · 2023 against 2022 · 44 lines
Balance sheet
Code20222023
Assets
Total assets20/58€70k€72k▲
Fixed assets21/28€155€6k▲
Tangible fixed assets22/27-€6k
Furniture and vehicles24-€6k
Financial fixed assets28€155€155=
Current assets29/58€69k€66k▼
Amounts receivable within one year40/41€66k€64k▼
Trade receivables40€35k€29k▼
Other amounts receivable41€31k€34k▲
Cash at bank and in hand54/58€4k€3k▼
Deferred charges and accrued income490/1€60-
Equity and liabilities
Total equity and liabilities10/49€70k€72k▲
Equity10/15€-55k€-42k▲
Contributions10/11€6k€6k=
Reserves13€25k€25k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€23k€23k=
Profit (loss) carried forward14€-86k€-74k▲
Amounts payable17/49€125k€114k▼
Amounts payable within one year42/48€125k€114k▼
Financial debts43€24k€39k▲
Credit institutions430/8€24k€39k▲
Trade debts44€21k€10k▼
Suppliers440/4€21k€10k▼
Taxes, remuneration and social security45€80k€65k▼
Taxes450/3€3k€3k▲
Remuneration and social security454/9€77k€62k▼
Income statement
Code20222023
Remuneration, social security and pensions62€124k€134k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0-
Other operating charges640/8€515€1k▲
Non-recurring operating charges66A€4k-
Gross operating margin9900€148k€158k▲
Operating profit (loss)9901€20k€22k▲
Financial income75/76B€5€16▲
Recurring financial income75€5€16▲
Financial charges65/66B€4k€8k▲
Recurring financial charges65€4k€8k▲
Profit (loss) for the period before taxes9903€16k€14k▼
Income taxes67/77€-250€1k▲
Profit (loss) for the period9904€16k€13k▼
Profit (loss) for the period to be appropriated9905€16k€13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-86k€-74k▲
Profit (loss) brought forward from the previous period14P€-103k€-86k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
06-12
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Mons · event 02-12-2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
31-12
Financial
Back to profitnet €16k
Net result €16k after 2 loss-making years.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
16-05
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise du Hainaut · event 09-05-2022
2021
02-12
Judicial reorganisation
Extension
Tribunal de l’entreprise du Hainaut · collective agreement · event 15-11-2021
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
25-05
Judicial reorganisation
Opening
Tribunal de l’entreprise du Hainaut · collective agreement · event 17-05-2021
2020
31-12
Financial
Weakest financial yearnet €-34k
Net result drops to €-34k, the lowest in the series.
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
Show earlier events
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
13-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 44 days late
2016
23-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 23 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Frameries · 1 establishment unit since 2006
Ground area
557 m²
Building footprint
242 m²
Volume, LiDAR
1,590 m³
2 parcels, Wallonia · tallest building 12.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TUBES PROJECT SPRL
since 20062.154.457.102
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53045C0039/00G014 | Wallonia | 421 m² | 1 · 141 m² | 12.8 m · 2 fl. |
| 53045C0066/00A002 | Wallonia | 135 m² | 1 · 102 m² | 9.4 m · 2 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 | CATHERINE HUPEZ RUE DU ONZE NOVEMBRE 9,
7000 MONS- .
Date provisoire de cessation de paiement : 02/12/2024 |
02-12-2024 → present |
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Of 3,984 companies in sector 25110 we hold annual accounts for 2,145. 178 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded11-05-2006
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
25210Manufacture of fabricated metal products, except machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.