VAN HECKE PAPIERWAREN
InactiveVAN HECKE PAPIERWAREN was declared bankrupt on 23-03-2023 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed by liquidation by judgment of 25-02-2025, published in the Belgian State Gazette on 03-03-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline24-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 31-01-2023, 184 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
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
184 d late
2020
118 d late
2019
69 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, abbreviated schema
Equity
€41k▼ 33.1%
2020 · €61k
2018: €34k
2019: €40k
2020: €61k
2018 → 2021
Total assets
€312k▼ 16.7%
2020 · €375k
2018: €289k
2019: €410k
2020: €375k
2018 → 2021
Net result
€-20k
2020 · €22k
2018: €-39k
2019: €5k
2020: €22k
2018 → 2021
Working capital
€-78k▼ 178%
2020 · €-28k
2018: €7k
2019: €-34k
2020: €-28k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€34k-€40k▲ 14.9%€61k▲ 54.4%€41k▼ 33.1%
Operating result€-30k-€12k€31k▲ 158%€-12k
Net result€-39k-€5k€22k▲ 319%€-20k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €12k after €31k in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €312k
Fixed assets
€169k ▼ 8.0%
Current assets
€143k ▼ 25.1%
Equity and liabilities €312k
Equity
€41k ▼ 33.1%
Debt
€271k ▼ 13.5%
Debt's share of the balance-sheet total rises from 83.7% to 86.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€31k▼
2020 · €77k
Cash flow
€23k▼
2020 · €68k
Current ratio
0.65▼
2020 · 0.87
Quick ratio
0.43▼
2020 · 0.68
Debt to equity
6.63▲
2020 · 1.55
ROE
-49.6%▼
2020 · 35.2%
ROA
-6.5%▼
2020 · 5.7%
Interest coverage
3.25
Debt ≤ 1 year
€221k▲
2020 · €219k
Debt > 1 year
€50k▼
2020 · €95k
Income taxes
€125▲
2020 · €123
Staff costs
€32k
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 · 2021 against 2020 · 52 lines
Balance sheet
Code20202021
Assets
Total assets20/58€375k€312k▼
Fixed assets21/28€184k€169k▼
Intangible fixed assets21€91k€80k▼
Tangible fixed assets22/27€86k€82k▼
Land and buildings22-€29k
Plant, machinery and equipment23-€53k
Financial fixed assets28€6k€7k▲
Current assets29/58€191k€143k▼
Stocks and contracts in progress3€41k€47k▲
Stocks30/36-€47k
Amounts receivable within one year40/41€119k€73k▼
Trade receivables40-€44k
Other amounts receivable41-€29k
Cash at bank and in hand54/58€29k€19k▼
Deferred charges and accrued income490/1-€4k
Equity and liabilities
Total equity and liabilities10/49€375k€312k▼
Equity10/15€61k€41k▼
Contributions10/11-€19k
Reserves13€7k€7k=
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Tax-exempt reserves132-€5k
Profit (loss) carried forward14€35k€15k▼
Amounts payable17/49€314k€271k▼
Amounts payable after more than one year17€95k€50k▼
Financial debts170/4-€50k
Amounts payable within one year42/48€219k€221k▲
Current portion of amounts payable after more than one year42-€48k
Financial debts43-€10k
Credit institutions430/8-€10k
Trade debts44€134k€90k▼
Suppliers440/4-€90k
Taxes, remuneration and social security45-€27k
Taxes450/3-€23k
Remuneration and social security454/9-€4k
Other amounts payable47/48-€46k
Income statement
Code20202021
Remuneration, social security and pensions62-€32k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46k€43k▼
Other operating charges640/8-€4k
Gross operating margin9900€105k€67k▼
Operating profit (loss)9901€31k€-12k▼
Financial income75/76B-€1k
Recurring financial income75€2k€1k▼
Financial charges65/66B-€10k
Recurring financial charges65€11k€10k▼
Profit (loss) for the period before taxes9903€22k€-20k▼
Income taxes67/77€123€125▲
Profit (loss) for the period9904€22k€-20k▼
Profit (loss) for the period to be appropriated9905€22k€-20k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€15k
Profit (loss) brought forward from the previous period14P-€35k
Social balance
Average headcount (FTE)9087-1.4
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-03
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Gent · VAN HECKE PAPIER- WAREN BV ZAFFELARE-DORP 49, 9080 LOCHRISTI · event 25-02-2025
2023
29-03
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · VAN HECKE PAPIERWAREN BV ZAFFELARE-DORP 49, 9080 LOCHRISTI · event 23-03-2023
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 184 days late
2021
26-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 118 days late
2020
31-12
Financial
Highest result since 2018net €22k ▲319%
Operating result €31k, net result €22k, both a record.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
08-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 100 days late
2018
27-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 149 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
29-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 60 days late
2014
27-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 27 days late
2013
09-07
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | BENNY GOOSSENS TOLPOORTSTRAAT 145,
9800 DEINZE |
23-03-2023 → 25-02-2025 |