WORLDESCROW
Open bankruptcyA bankruptcy procedure is open for WORLDESCROW according to publications in the Belgian State Gazette; curator: LIESBET JACOBS.
Summary
The file additionally contains 1 administrative flag. The 2022 annual accounts show equity of €400k and a net result of €66k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2022, micro schema
Equity
€400k▲ 19.7%
2021 · €334k
2018: €276k
2019: €242k
2020: €309k
2021: €334k
2018 → 2022
Total assets
€715k▲ 7.6%
2021 · €665k
2018: €506k
2019: €466k
2020: €562k
2021: €665k
2018 → 2022
Net result
€66k▲ 162%
2021 · €25k
2018: €97k
2019: €59k
2020: €67k
2021: €25k
2018 → 2022
Working capital
€393k▲ 20.3%
2021 · €327k
2018: €276k
2019: €242k
2020: €302k
2021: €327k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€276k-€242k▼ 12.5%€309k▲ 27.8%€334k▲ 8.1%€400k▲ 19.7%
Operating result€131k-€69k▼ 47.1%€109k▲ 57.7%€56k▼ 48.3%€94k▲ 67.2%
Net result€97k-€59k▼ 38.8%€67k▲ 13.6%€25k▼ 62.7%€66k▲ 162%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2022; 2022 is 67% above 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €715k
Fixed assets
€7k ▼ 4.5%
Current assets
€708k ▲ 7.7%
Equity and liabilities €715k
Equity
€400k ▲ 19.7%
Debt
€316k ▼ 4.6%
Debt's share of the balance-sheet total falls from 49.8% to 44.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€95k▲
2021 · €57k
Cash flow
€66k▲
2021 · €25k
Current ratio
2.24▲
2021 · 1.99
Debt to equity
0.79▼
2021 · 0.99
ROE
16.5%▲
2021 · 7.5%
ROA
9.2%▲
2021 · 3.8%
Interest coverage
9.02▲
2021 · 3.46
Debt ≤ 1 year
€316k▼
2021 · €331k
Income taxes
€34k▲
2021 · €29k
Staff costs
€61k▼
2021 · €64k
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 · 2022 against 2021 · 46 lines
Balance sheet
Code20212022
Assets
Total assets20/58€665k€715k▲
Fixed assets21/28€8k€7k▼
Tangible fixed assets22/27€1k€800▼
Plant, machinery and equipment23€1k€800▼
Financial fixed assets28€6k€6k▲
Current assets29/58€657k€708k▲
Amounts receivable after more than one year29€464k€478k▲
Other amounts receivable291€464k€478k▲
Amounts receivable within one year40/41€192k€230k▲
Trade receivables40€104k€147k▲
Other amounts receivable41€89k€83k▼
Cash at bank and in hand54/58€1k€391▼
Equity and liabilities
Total equity and liabilities10/49€665k€715k▲
Equity10/15€334k€400k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€273k€338k▲
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Distributable reserves133€266k€332k▲
Amounts payable17/49€331k€316k▼
Amounts payable within one year42/48€331k€316k▼
Trade debts44€82k€105k▲
Suppliers440/4€82k€105k▲
Taxes, remuneration and social security45€179k€199k▲
Taxes450/3€166k€187k▲
Remuneration and social security454/9€13k€12k▼
Other amounts payable47/48€69k€12k▼
Income statement
Code20212022
Remuneration, social security and pensions62€64k€61k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€282€585▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€4k-
Other operating charges640/8€17k€10k▼
Gross operating margin9900€142k€166k▲
Operating profit (loss)9901€56k€94k▲
Financial income75/76B€14k€16k▲
Recurring financial income75€14k€16k▲
Financial charges65/66B€16k€11k▼
Recurring financial charges65€16k€11k▼
Profit (loss) for the period before taxes9903€54k€100k▲
Income taxes67/77€29k€34k▲
Profit (loss) for the period9904€25k€66k▲
Profit (loss) for the period to be appropriated9905€25k€66k▲
Appropriation of the result
Profit (loss) to be appropriated9906€25k€66k▲
Transfer to equity691/2€25k€66k▲
To other reserves6921€25k€66k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
13-06
KBO administration
Address struck
2024
05-07
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · WORLDESCROW NV GRAAF VAN EGMONTSTRAAT 9-11/101, 2800 MECHELEN · event 01-07-2024
2023
08-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 100 days late
2022
03-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 34 days late
2021
31-12
Financial
Weakest financial yearnet €25k ▼62.7%
Net result drops to €25k, the lowest in the series.
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 122 days late
2020
08-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 130 days late
2019
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 71 days late
24-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 177 days late
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 183 days late
2016
19-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 19 days late
2015
26-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 26 days late
2014
22-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 22 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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
1 establishment unit since 1994
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.
Ground area
512 m²
Building footprint
241 m²
Volume, LiDAR
1,975 m³
Parcel 12025C0752/00T000, Flanders · tallest building 14.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Establishment
since 19942.065.726.054
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12025C0752/00T000 | Flanders | 512 m² | 1 · 241 m² | 14.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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 | LIESBET JACOBS GROENE LAAN 47, 2830 WILLE-
BROEK |
01-07-2024 → present |
Recognitions · licences · registrations
Legal Entity Identifier
98450071K15036C7EA26
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 36,374 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 formPublic limited company
Founded08-02-1994
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.