OPTICABLE

Open bankruptcy

Public limited companyfounded 1977Rue de l'Europe Z/N, 7080 Frameries, BelgiumKBO/BCE: BE 0417.283.112

Summary

A bankruptcy procedure is open for OPTICABLE according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €16.44M and a net result of €-6.93M.

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Signals

Three signals. The signal on the left, the evidence on the right.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Filed after the deadline

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 28-08-2024, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

28 d late

2022

31 d early

2021

19 d early

2020

25 d early

2019

17 d early

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2023, full schema

Turnover

€42.06M▼ 13.1%

2020 · €48.43M

2020: €48.43M

2020 → 2023

EBIT margin

-16.7%▼ 24.4pp

2020 · 7.7%

2020: 7.7%

2020 → 2023

Net result

€-6.93M

2020 · €2.71M

2020: €2.71M

2020 → 2023

Working capital

€4.87M▼ 76.5%

2020 · €20.72M

2020: €20.72M

2020 → 2023

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202023Trend

Turnover€48.43M-€42.06M▼ 13.1%

Equity€26.64M-€16.44M▼ 38.3%

Operating result€3.71M-€-7.02M

Net result€2.71M-€-6.93M

Result per fiscal year

Operating resultNet result

The operating result is €-7.02M in 2023, compared with €3.71M in 2020. Comparable figures for the intervening years are unavailable.

Balance-sheet composition

2023 in colour, 2020 as the grey bar beneath

Assets €30.22M

41.9%

58.1%

Fixed assets €12.66M ▲ 104%

Current assets €17.56M ▼ 45.4%

Equity and liabilities €30.22M

54.4%

42.7%

Equity €16.44M ▼ 38.3%

Provisions €874k ▲ 193%

Debt €12.90M ▲ 12.9%

Debt's share of the balance-sheet total rises from 29.8% to 42.7%. Equity is lower and debt is higher.

Key figures and ratios

2023 value · change against 2020

EBITDA

€-6.30M▼

2020 · €5.29M

Cash flow

€-6.20M▼

2020 · €4.30M

Current ratio

1.38▼

2020 · 2.81

Quick ratio

0.90▼

2020 · 2.60

Debt to equity

0.78

ROE

-42.1%▼

2020 · 10.2%

ROA

-22.9%▼

2020 · 7.1%

Interest coverage

-62.11▼

2020 · 413.02

Debt ≤ 1 year

€12.69M▲

2020 · €11.43M

Income taxes

€-21k▼

2020 · €1.09M

Staff costs

€10.39M

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 2020 · 81 lines

Balance sheet Code20202023

Assets

Total assets20/58€38.37M€30.22M▼

Fixed assets21/28€6.22M€12.66M▲

Tangible fixed assets22/27€6.19M€4.10M▼

Land and buildings22-€2.34M

Plant, machinery and equipment23-€1.68M

Furniture and vehicles24-€18k

Assets under construction and advance payments27-€61k

Financial fixed assets28€25k€8.56M▲

Affiliated companies280/1-€8.56M

Participating interests280-€8.56M

Current assets29/58€32.15M€17.56M▼

Stocks and contracts in progress3€2.47M€6.13M▲

Stocks30/36-€6.13M

Raw materials and consumables30/31-€1.20M

Work in progress32-€3.03M

Finished goods33-€1.88M

Goods purchased for resale34-€13k

Amounts receivable within one year40/41€10.38M€9.84M▼

Trade receivables40-€7.87M

Other amounts receivable41-€1.98M

Cash at bank and in hand54/58€19.24M€1.46M▼

Deferred charges and accrued income490/1-€129k

Equity and liabilities

Total equity and liabilities10/49€38.37M€30.22M▼

Equity10/15€26.64M€16.44M▼

Contributions10/11€992k€992k=

Capital10-€992k

Issued capital100-€992k

Reserves13€5.06M€5.06M=

Non-distributable reserves130/1-€99k

Legal reserve130-€99k

Tax-exempt reserves132-€547

Distributable reserves133-€4.96M

Profit (loss) carried forward14€19.92M€9.88M▼

Investment grants15-€520k

Provisions and deferred taxes16€298k€874k▲

Provisions for liabilities and charges160/5-€874k

Other liabilities and charges164/5-€874k

Amounts payable17/49€11.43M€12.90M▲

Amounts payable within one year42/48€11.43M€12.69M▲

Financial debts43-€4.60M

Other loans439-€4.60M

Trade debts44€7.08M€5.39M▼

Suppliers440/4-€5.39M

Taxes, remuneration and social security45-€2.47M

Taxes450/3-€63k

Remuneration and social security454/9-€2.40M

Other amounts payable47/48-€235k

Accrued charges and deferred income492/3-€215k

Income statement Code20202023

Operating income70/76A-€45.33M

Turnover70€48.43M€42.06M▼

Change in stocks of work in progress, finished goods and contracts in progress71-€590k

Other operating income74-€2.68M

Non-recurring operating income76A-€2k

Operating charges60/66A-€52.35M

Goods for resale, raw materials and consumables60-€29.26M

Purchases600/8-€28.73M

Change in stocks: decrease (increase)609-€529k

Services and other goods61-€10.66M

Remuneration, social security and pensions62-€10.39M

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.59M€723k▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€152k

Provisions for liabilities and charges: additions (uses and reversals)635/8-€719k

Other operating charges640/8-€447k

Operating profit (loss)9901€3.71M€-7.02M▼

Financial income75/76B-€294k

Recurring financial income75€209k€294k▲

Income from current assets751-€133k

Other financial income752/9-€161k

Financial charges65/66B-€219k

Recurring financial charges65€118k€219k▲

Debt charges650€13k€101k▲

Other financial charges652/9-€118k

Profit (loss) for the period before taxes9903€3.80M€-6.95M▼

Income taxes67/77€1.09M€-21k▼

Tax adjustments and reversals of tax provisions77-€21k

Profit (loss) for the period9904€2.71M€-6.93M▼

Profit (loss) for the period to be appropriated9905€2.71M€-6.93M▼

Appropriation of the result

Profit (loss) to be appropriated9906-€9.88M

Profit (loss) brought forward from the previous period14P-€16.80M

Return on contributions (dividend)694€1.70M-

Social balance

Average headcount (FTE)9087-137.2

The notes to these accounts (61 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 11Signals 1Filings 10

2025

22-04

Bankruptcy Opening

Tribunal de l’entreprise du Hainaut, division Mons · OPTICABLE SA RUE DE L’EUROPE Z/N, 7080 FRAMERIES · event 14-04-2025

2024

28-08