KARACASU
Open bankruptcyA bankruptcy procedure is open for KARACASU according to publications in the Belgian State Gazette; curator: STEVEN VERBEKE.
Summary
The 2020 annual accounts show negative equity (€-4k) and a net result of €-5k.
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 31-12-2020 was due by 31-07-2021 and was filed on 30-07-2021, 1 day ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
1 d early
2019
10 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Equity
€-4k
2019 · €1k
2018: €284
2019: €1k▲ +348% vs 2018highest in 3 years
2020: €-4k▼ -405% vs 2019lowest in 3 years
2018 → 2020
Total assets
€14k▼ 7.3%
2019 · €15k
2018: €765lowest in 3 years
2019: €15k▲ +1850% vs 2018highest in 3 years
2020: €14k▼ -7.3% vs 2019
2018 → 2020
Net result
€-5k
2019 · €988
2018: €-6klowest in 3 years
2019: €988▲ +117% vs 2018highest in 3 years
2020: €-5k▼ -621% vs 2019
2018 → 2020
Working capital
€-13k▼ 66.6%
2019 · €-8k
2018: €284highest in 3 years
2019: €-8k▼ -2821% vs 2018
2020: €-13k▼ -66.6% vs 2019lowest in 3 years
2018 → 2020
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€284-€1k▲ 348%€-4k
2018: €284
2019: €1k▲ +348% vs 2018highest in 3 years
2020: €-4k▼ -405% vs 2019lowest in 3 years
Operating result€-6k-€1k€-5k
2018: €-6klowest in 3 years
2019: €1k▲ +119% vs 2018highest in 3 years
2020: €-5k▼ -542% vs 2019
Net result€-6k-€988€-5k
2018: €-6klowest in 3 years
2019: €988▲ +117% vs 2018highest in 3 years
2020: €-5k▼ -621% vs 2019
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €5k after €1k in 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €14k
Fixed assets
€9k =
Current assets
€5k ▼ 18.3%
Key figures and ratios
Solvency
-28.0%▼
2019 · 8.5%
Current ratio
0.27▼
2019 · 0.43
ROA
-37.2%▼
2019 · 6.6%
Debt
€18k▲
2019 · €14k
Debt ≤ 1 year
€18k▲
2019 · €14k
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 · 2020 against 2019 · 19 lines
Balance sheet
Code20192020
Assets
Total assets20/58€15k€14k▼
Fixed assets21/28€9k€9k=
Financial fixed assets28€9k€9k=
Current assets29/58€6k€5k▼
Amounts receivable within one year40/41€6k€5k▼
Cash at bank and in hand54/58€2€25▲
Equity and liabilities
Total equity and liabilities10/49€15k€14k▼
Equity10/15€1k€-4k▼
Contributions10/11€6k-
Profit (loss) carried forward14€-5k€-10k▼
Amounts payable17/49€14k€18k▲
Amounts payable within one year42/48€14k€18k▲
Trade debts44€1k€82▼
Income statement
Code20192020
Gross operating margin9900€18k€24k▲
Operating profit (loss)9901€1k€-5k▼
Recurring financial charges65€163€56▼
Profit (loss) for the period before taxes9903€988€-5k▼
Profit (loss) for the period9904€988€-5k▼
Profit (loss) for the period to be appropriated9905€988€-5k▼
Accounts by statement
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €894 | - | - | - |
| Gross operating margin9900 | €-5k | €18k | €24k | ▲ 35.7% |
| Operating profit (loss)9901 | €-6k | €1k | €-5k | ▼ 542% |
| Recurring financial charges65 | - | €163 | €56 | ▼ 65.6% |
| Profit (loss) for the period before taxes9903 | €-6k | €988 | €-5k | ▼ 621% |
| Profit (loss) for the period9904 | €-6k | €988 | €-5k | ▼ 621% |
| Profit (loss) for the period to be appropriated9905 | €-6k | €988 | €-5k | ▼ 621% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €765 | €15k | €14k | ▼ 7.3% |
| Fixed assets21/28 | - | €9k | €9k | = |
| Financial fixed assets28 | - | €9k | €9k | = |
| Current assets29/58 | €765 | €6k | €5k | ▼ 18.3% |
| Amounts receivable within one year40/41 | €620 | €6k | €5k | ▼ 18.7% |
| Cash at bank and in hand54/58 | €145 | €2 | €25 | ▲ 1,150% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €765 | €15k | €14k | ▼ 7.3% |
| Equity10/15 | €284 | €1k | €-4k | ▼ 405% |
| Contributions10/11 | €6k | €6k | - | - |
| Profit (loss) carried forward14 | €-6k | €-5k | €-10k | ▼ 104% |
| Amounts payable17/49 | €481 | €14k | €18k | ▲ 29.8% |
| Amounts payable within one year42/48 | €481 | €14k | €18k | ▲ 29.8% |
| Trade debts44 | €384 | €1k | €82 | ▼ 93.2% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-6k | €988 | €-5k | ▼ 621% |
| + Depreciation and write-downs630 | €894 | - | - | - |
| Operating cash flow (approximation) | €-5k | €988 | €-5k | ▼ 621% |
| Investment in fixed assets (approximation) | - | - | €0 | - |
| Change in cash | - | €-143 | €23 | ▲ 116% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2023
18-09
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 12-09-2023
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 10 days late
2019
31-12
Financial
Back to profitnet €988
Net result €988 after one loss-making year.
07-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 129 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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
Registered office, Zaventem · 1 establishment unit since 2017
Ground area
673 m²
Building footprint
561 m²
Volume, LiDAR
5,304 m³
2 parcels, Brussels, Flanders · tallest building 17.1 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Helmetsesteenweg 301, 1030 Schaarbeek
since 20172.270.047.151
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094A0282/00F002 | Flanders | 565 m² | 1 · 451 m² | 13.8 m · 4 fl. |
| 21015A0186/00S007 | Brussels | 108 m² | 1 · 110 m² | 17.1 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 | STEVEN VERBEKE LAKENSESTRAAT 154 B11,
1000 BRUSSEL 1 |
12-09-2023 → present |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded14-11-2017
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.