URALS ARA
InactiveURALS ARA was declared bankrupt on 11-10-2022 (Ondernemingsrechtbank Antwerpen, afdeling Turnhout); the bankruptcy was closed for insufficient assets by judgment of 31-10-2023, published in the Belgian State Gazette on 09-11-2023.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline01-10-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 30-12-2021, 152 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 · 10 filingsDeviation from the deadline
2021
not filed
2020
152 d late
2019
90 d late
2018
82 d late
2017
237 d late
2016
359 d late
2015
193 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 186 days after the deadline; the Belgian median for financial year 2021 is 3 days before the deadline, and 44% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2020, micro schema
Equity
-€2.9m▲ 12.7%
2019 · -€3.3m
Total assets
€275,498▼ 84.9%
2019 · €1.8m
Net result
€422,603▲ 17.1%
2019 · €360,824
Working capital
-€2.9m▲ 8.6%
2019 · -€3.2m
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Operating result-€46,591--€66,430▼ 42.6%€1.1m
Net result-€4.2m-€360,824€422,603▲ 17.1%
Equity-€3.7m--€3.3m▲ 9.8%-€2.9m▲ 12.7%
Total assets€1.6m-€1.8m▲ 11.6%€275,498▼ 84.9%
Debt€5.3m-€5.2m▼ 3.2%€3.2m▼ 38.3%
Working capital-€2.1m--€3.2m▼ 52.4%-€2.9m▲ 8.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2020: €1.1m after a loss of €66,430 in 2019, the highest result in the available series.
Key figures and ratios
Current ratio
0.09▼
2019 · 0.34
ROA
153.4%▲
2019 · 19.7%
Debt ≤ 1 year
€3.2m▼
2019 · €4.8m
A ratio outside any meaningful range has been withheld (balance sheet total €275,498, equity -€2.9m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,213 | €2,015 | - | - |
| Gross operating margin9900 | -€34,869 | -€59,385 | €1.1m | ▲ 1,905% |
| Operating profit (loss)9901 | -€46,591 | -€66,430 | €1.1m | ▲ 1,710% |
| Recurring financial income75 | €169,806 | €581,886 | - | - |
| Recurring financial charges65 | €4.3m | €154,632 | €1.2m | ▲ 703% |
| Profit (loss) for the period before taxes9903 | -€4.2m | €360,824 | €422,603 | ▲ 17.1% |
| Profit (loss) for the period9904 | -€4.2m | €360,824 | €422,603 | ▲ 17.1% |
| Profit (loss) for the period to be appropriated9905 | -€4.2m | €360,824 | €422,603 | ▲ 17.1% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.6m | €1.8m | €275,498 | ▼ 84.9% |
| Fixed assets21/28 | €461,058 | €180,929 | - | - |
| Tangible fixed assets22/27 | €460,708 | €180,579 | - | - |
| Financial fixed assets28 | €350 | €350 | - | - |
| Current assets29/58 | €1.2m | €1.6m | €275,498 | ▼ 83.3% |
| Amounts receivable within one year40/41 | €1.2m | €1.5m | €266,333 | ▼ 82.2% |
| Cash at bank and in hand54/58 | €426 | €150,870 | €9,165 | ▼ 93.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.6m | €1.8m | €275,498 | ▼ 84.9% |
| Equity10/15 | -€3.7m | -€3.3m | -€2.9m | ▲ 12.7% |
| Contributions10/11 | €201,680 | €201,680 | €201,680 | = |
| Reserves13 | €2.0m | €2.0m | - | - |
| Profit (loss) carried forward14 | -€5.9m | -€5.6m | -€3.1m | ▲ 44.2% |
| Amounts payable17/49 | €5.3m | €5.2m | €3.2m | ▼ 38.3% |
| Amounts payable within one year42/48 | €3.3m | €4.8m | €3.2m | ▼ 34.1% |
| Trade debts44 | €10,887 | - | €465 | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4.2m | €360,824 | €422,603 | ▲ 17.1% |
| + Depreciation and write-downs630 | €3,213 | €2,015 | - | - |
| Operating cash flow (approximation) | -€4.2m | €362,839 | €422,603 | ▲ 16.5% |
| Investment in fixed assets (approximation) | - | €278,114 | - | - |
| Change in cash | - | €150,444 | -€141,705 | ▼ 194% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2023
09-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 31-10-2023
2022
17-10
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 11-10-2022
2021
30-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 152 days late
2020
31-12
Financial
Highest result since 2018net €422,603 ▲17.1%
Operating result €1.1m, net result €422,603, both a record.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-12
Financial
Back to profitnet €360,824
Net result €360,824 after one loss-making year.
21-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 82 days late
25-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 237 days late
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 359 days late
2017
09-02
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 193 days late
2015
03-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 34 days late
06-02
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 190 days late
2013
04-11
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 96 days late
2012
26-11
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 118 days late
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
No directors read yet: 0 of 10 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | BEN DE GROOF De Merodelei 112, 2300 Turnhout |
11-10-2022 → 31-10-2023 |