CLASH PRESIDENT
Open bankruptcyA bankruptcy procedure is open for CLASH PRESIDENT according to publications in the Belgian State Gazette; curator: JURGEN VAN DEN BOSSCHE.
Summary
The 2021 annual accounts show negative equity (€-14k) and a net result of €26k.
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 31-12-2021 was due by 31-07-2022 and was filed on 24-06-2022, 37 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
37 d early
2020
22 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€-14k▲ 65.8%
2020 · €-40k
2020: €-40k
2020 → 2021
Total assets
€12k▼ 71.4%
2020 · €42k
2020: €42k
2020 → 2021
Net result
€26k
2020 · €-44k
2020: €-44k
2020 → 2021
Working capital
€-24k▲ 54.6%
2020 · €-54k
2020: €-54k
2020 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021Trend
Equity€-40k-€-14k▲ 65.8%
Operating result€-42k-€28k
Net result€-44k-€26k
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 2021: €28k after a loss of €42k in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €12k
Fixed assets
€11k ▼ 21.4%
Current assets
€1k ▼ 95.5%
Key figures and ratios
EBITDA
€32k▲
2020 · €-39k
Cash flow
€30k▲
2020 · €-41k
Solvency
-115.8%▼
2020 · -96.8%
Current ratio
0.05▼
2020 · 0.34
Debt to equity
-1.86
ROA
222.3%▲
2020 · -107.0%
Interest coverage
16.05
Debt
€26k▼
2020 · €82k
Debt ≤ 1 year
€26k▼
2020 · €82k
Income taxes
€244▼
2020 · €357
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 · 45 lines
Balance sheet
Code20202021
Assets
Total assets20/58€42k€12k▼
Fixed assets21/28€14k€11k▼
Tangible fixed assets22/27€14k€11k▼
Plant, machinery and equipment23-€2k
Furniture and vehicles24-€7k
Other tangible fixed assets26-€2k
Current assets29/58€28k€1k▼
Amounts receivable within one year40/41€23k€0▼
Trade receivables40-€0
Other amounts receivable41-€0
Cash at bank and in hand54/58€670€0▼
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€42k€12k▼
Equity10/15€-40k€-14k▲
Contributions10/11-€500
Reserves13€50€50=
Non-distributable reserves130/1-€50
Reserves not available under the articles1311-€50
Profit (loss) carried forward14€-41k€-14k▲
Amounts payable17/49€82k€26k▼
Amounts payable within one year42/48€82k€26k▼
Financial debts43-€8k
Credit institutions430/8-€8k
Trade debts44€8k€3k▼
Suppliers440/4-€3k
Taxes, remuneration and social security45-€8k
Taxes450/3-€4k
Remuneration and social security454/9-€4k
Other amounts payable47/48-€7k
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8-€443
Gross operating margin9900€-38k€32k▲
Operating profit (loss)9901€-42k€28k▲
Financial income75/76B-€499
Recurring financial income75€0€499▲
Financial charges65/66B-€2k
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-44k€27k▲
Income taxes67/77€357€244▼
Profit (loss) for the period9904€-44k€26k▲
Profit (loss) for the period to be appropriated9905€-44k€26k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-14k
Profit (loss) brought forward from the previous period14P-€-41k
Transfer from equity791/2-€0
Return on contributions (dividend)694€0-
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
07-03
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · CLASH PRESIDENT BV EKSAARDSEDAM 8, 9180 MOERBEKE · event 28-02-2023
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €26k
Net result €26k after one loss-making year.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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 2014
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
1,914 m²
Building footprint
185 m²
Volume, LiDAR
841 m³
Parcel 44045E0416/00D003, Flanders · tallest building 9.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
CLASH PRESIDENT
since 20142.237.894.918
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44045E0416/00D003 | Flanders | 1,914 m² | 1 · 185 m² | 9.3 m · 1 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 | JURGEN VAN DEN BOSSCHE GENTSTRAAT 152,
9700 OUDENAARDE |
28-02-2023 → present |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 29,996 companies in sector 62200 we hold annual accounts for 18,393. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-12-2014
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.