WARSZAWA
Open bankruptcyA bankruptcy procedure is open for WARSZAWA according to publications in the Belgian State Gazette; curator: PATRICK SCHRUERS.
No longer registered with the KBO; last annual accounts for fiscal year 2022.
Signals
Four 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 31-12-2023, 3 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 · 5 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline20-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 30-04-2024, 274 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
274 d late
2021
85 d late
2020
146 d late
2019
102 d late
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Equity
€48k▲ 13.4%
2021 · €42k
2018: €26k
2019: €9k
2020: €36k
2021: €42k
2018 → 2022
Total assets
€303k▼ 13.3%
2021 · €350k
2018: €271k
2019: €388k
2020: €400k
2021: €350k
2018 → 2022
Net result
€6k▼ 7.0%
2021 · €6k
2018: €7k
2019: €-17k
2020: €27k
2021: €6k
2018 → 2022
Working capital
€43k▲ 17.3%
2021 · €36k
2018: €25k
2019: €9k
2020: €30k
2021: €36k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€26k-€9k▼ 65.0%€36k▲ 296%€42k▲ 16.9%€48k▲ 13.4%
Operating result€15k-€-10k€33k€16k▼ 53.1%€7k▼ 53.9%
Net result€7k-€-17k€27k€6k▼ 77.4%€6k▼ 7.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2022 is 54% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €303k
Fixed assets
€5k▼ 12.0%
Current assets
€299k▼ 13.3%
Equity and liabilities €303k
Equity
€48k▲ 13.4%
Debt
€256k▼ 16.9%
The debt ratio falls from 88.0% to 84.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€8k▼
2021 · €16k
Cash flow
€6k▼
2021 · €7k
Solvency
15.7%▲
2021 · 12.0%
Current ratio
1.17▲
2021 · 1.12
Quick ratio
0.01▲
2021 · 0.01
Debt / equity
5.37▼
2021 · 7.34
ROE
11.8%▼
2021 · 14.4%
ROA
1.9%▲
2021 · 1.7%
Interest coverage
48.58▲
2021 · 2.03
Debt
€256k▼
2021 · €308k
Debt ≤ 1 year
€256k▼
2021 · €308k
Income taxes
€1k▼
2021 · €2k
Staff costs
€162k▲
2021 · €156k
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 · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€350k€303k▼
Fixed assets21/28€6k€5k▼
Tangible fixed assets22/27€6k€5k▼
Plant, machinery and equipment23€6k€5k▼
Furniture and vehicles24€17-
Current assets29/58€344k€299k▼
Stocks and contracts in progress3€340k€295k▼
Stocks30/36€340k€295k▼
Cash at bank and in hand54/58€4k€4k▼
Equity and liabilities
Total equity and liabilities10/49€350k€303k▼
Equity10/15€42k€48k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€22k€27k▲
Amounts payable17/49€308k€256k▼
Amounts payable within one year42/48€308k€256k▼
Trade debts44€157k€20k▼
Suppliers440/4€157k€20k▼
Taxes, remuneration and social security45€86k€104k▲
Taxes450/3€33k€47k▲
Remuneration and social security454/9€53k€57k▲
Other amounts payable47/48€64k€132k▲
Income statement
Code20212022
Remuneration, social security and pensions62€156k€162k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€747€663▼
Other operating charges640/8€887-
Gross operating margin9900€174k€170k▼
Operating profit (loss)9901€16k€7k▼
Financial charges65/66B€8k€162▼
Recurring financial charges65€8k€162▼
Profit (loss) for the period before taxes9903€8k€7k▼
Income taxes67/77€2k€1k▼
Profit (loss) for the period9904€6k€6k▼
Profit (loss) for the period to be appropriated9905€6k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€22k€27k▲
Profit (loss) brought forward from the previous period14P€15k€22k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
12-06
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · WARSZAWA BV STATIONS- STRAAT 63/1, 3800 SINT-TRUIDEN · event 06-06-2024
30-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 274 days late
2022
24-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 85 days late
2021
24-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 146 days late
2020
31-12
Financial
Back to profitnet €27k
Net result €27k after one loss-making year.
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 102 days late
25-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 238 days late
2019
31-12
Financial
Weakest financial yearnet €-17k ▼330%
Net result drops to €-17k, the lowest in the series.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
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 | PATRICK SCHRUERS KEMPISCHE KAAI 7C/1.01,
3500 HASSELT |
06-06-2024 → present |
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken