CityLegends Belgium
Open bankruptcyA bankruptcy procedure is open for CityLegends Belgium according to publications in the Belgian State Gazette; curator: CATHARINA ORLENT.
Summary
The 2023 annual accounts show equity of €45k and a net result of €8k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 19-04-2024, 103 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
103 d early
2022
71 d late
2021
16 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Equity
€45k▲ 23.1%
2022 · €37k
2021: €3k
2022: €37k
2021 → 2023
Total assets
€64k▲ 25.5%
2022 · €51k
2021: €25k
2022: €51k
2021 → 2023
Net result
€8k▼ 75.1%
2022 · €34k
2021: €16k
2022: €34k
2021 → 2023
Working capital
€5k
2022 · €-9k
2021: €4k
2022: €-9k
2021 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202120222023Trend
Equity€3k-€37k▲ 1,251%€45k▲ 23.1%
Operating result€21k-€41k▲ 97.1%€11k▼ 73.6%
Net result€16k-€34k▲ 118%€8k▼ 75.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 74% below 2022 and is the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €64k
Fixed assets
€41k ▼ 12.5%
Current assets
€23k ▲ 449%
Equity and liabilities €64k
Equity
€45k ▲ 23.1%
Debt
€19k ▲ 31.7%
Debt's share of the balance-sheet total rises from 28.6% to 30.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€22k▼
2022 · €45k
Cash flow
€19k▼
2022 · €38k
Current ratio
1.30▲
2022 · 0.32
Debt to equity
0.43▲
2022 · 0.40
ROE
18.8%▼
2022 · 92.6%
ROA
13.1%▼
2022 · 66.1%
Interest coverage
108.67▼
2022 · 271.68
Debt ≤ 1 year
€18k▲
2022 · €13k
Income taxes
€2k▼
2022 · €7k
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 · 35 lines
Balance sheet
Code20222023
Assets
Total assets20/58€51k€64k▲
Fixed assets21/28€47k€41k▼
Intangible fixed assets21€47k€41k▼
Current assets29/58€4k€23k▲
Cash at bank and in hand54/58€4k€23k▲
Equity and liabilities
Total equity and liabilities10/49€51k€64k▲
Equity10/15€37k€45k▲
Contributions10/11€3k€3k=
Reserves13-€42k
Distributable reserves133-€42k
Profit (loss) carried forward14€34k-
Amounts payable17/49€15k€19k▲
Amounts payable within one year42/48€13k€18k▲
Trade debts44€2k€424▼
Suppliers440/4€2k€424▼
Taxes, remuneration and social security45€12k€10k▼
Taxes450/3€12k€10k▼
Other amounts payable47/48€79€8k▲
Accrued charges and deferred income492/3€1k€1k▲
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€11k▲
Other operating charges640/8€102€109▲
Gross operating margin9900€46k€22k▼
Operating profit (loss)9901€41k€11k▼
Financial income75/76B€1-
Recurring financial income75€1-
Financial charges65/66B€167€200▲
Recurring financial charges65€167€200▲
Profit (loss) for the period before taxes9903€41k€11k▼
Income taxes67/77€7k€2k▼
Profit (loss) for the period9904€34k€8k▼
Profit (loss) for the period to be appropriated9905€34k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€34k€42k▲
Profit (loss) brought forward from the previous period14P-€34k
Transfer to equity691/2-€42k
To other reserves6921-€42k
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
2025
18-06
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · CITYLEGENDS BELGIUM BV BORSBEEKSEBRUG 34, 2600 BERCHEM (ANTWERPEN) · event 12-06-2025
2024
19-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €8k ▼75.1%
Net result drops to €8k, the lowest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 1.30
Current ratio from 0.32 to 1.30.
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 71 days late
2022
31-12
Financial
Highest result since 2021net €34k ▲118%
Operating result €41k, net result €34k, both a record.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 2021
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.
Borsbeeksebrug 342600 AntwerpenGround area
2.4 ha
Building footprint
2,702 m²
Parcel 11302A0095/00E008, Flanders. Linked by address, not a title deed.
1 establishment unit
CityLegends Belgium
since 20212.316.965.358
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11302A0095/00E008 | Flanders | 2.4 ha | 1 · 2,702 m² | - |
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 | CATHARINA ORLENT PR. JOS. CHARLOTTELAAN 71,
9100 SINT-NIKLAAS |
12-06-2025 → present |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-01-2021
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.citylegends.nl
E-mail:info@citylegends.nl