RECREAM
BankruptcySummary
The KBO register records for RECREAM the legal situation: open bankruptcy; this is today's state according to the register itself, which carries no start date. The 2013 annual accounts show equity of €106k and a net result of €-100k.
Signals
Two 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 31-12-2013 was due by 31-07-2014 and was filed on 08-07-2014, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2013, abbreviated schema
Equity
€106k▼ 48.5%
2012 · €206k
2009: €40klowest in 5 years
2010: €154k▲ +284% vs 2009
2011: €147k▼ -4.7% vs 2010
2012: €206k▲ +40.5% vs 2011highest in 5 years
2013: €106k▼ -48.5% vs 2012
2009 → 2013
Total assets
€532k▼ 6.5%
2012 · €569k
2009: €313klowest in 5 years
2010: €528k▲ +68.6% vs 2009
2011: €560k▲ +6.0% vs 2010
2012: €569k▲ +1.7% vs 2011highest in 5 years
2013: €532k▼ -6.5% vs 2012
2009 → 2013
Net result
€-100k
2012 · €59k
2009: €-33k
2010: €-137k▼ -320% vs 2009lowest in 5 years
2011: €-7k▲ +94.7% vs 2010
2012: €59k▲ +917% vs 2011highest in 5 years
2013: €-100k▼ -268% vs 2012
2009 → 2013
Working capital
€-193k▼ 15.7%
2012 · €-167k
2009: €-177k
2010: €-172k▲ +2.7% vs 2009
2011: €-199k▼ -15.7% vs 2010lowest in 5 years
2012: €-167k▲ +16.4% vs 2011highest in 5 years
2013: €-193k▼ -15.7% vs 2012
2009 → 2013
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20092010201120122013Trend
Equity€40k-€154k▲ 284%€147k▼ 4.7%€206k▲ 40.5%€106k▼ 48.5%
2009: €40klowest in 5 years
2010: €154k▲ +284% vs 2009
2011: €147k▼ -4.7% vs 2010
2012: €206k▲ +40.5% vs 2011highest in 5 years
2013: €106k▼ -48.5% vs 2012
Operating result€-42k-€-69k▼ 66.7%€9k€72k▲ 741%€-84k
2009: €-42k
2010: €-69k▼ -66.7% vs 2009
2011: €9k▲ +112% vs 2010
2012: €72k▲ +741% vs 2011highest in 5 years
2013: €-84k▼ -217% vs 2012lowest in 5 years
Net result€-33k-€-137k▼ 320%€-7k▲ 94.7%€59k€-100k
2009: €-33k
2010: €-137k▼ -320% vs 2009lowest in 5 years
2011: €-7k▲ +94.7% vs 2010
2012: €59k▲ +917% vs 2011highest in 5 years
2013: €-100k▼ -268% vs 2012
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2013: a loss of €84k after €72k in 2012, the lowest result in the available series.
Balance-sheet composition
2013 in colour, 2012 as the grey bar beneath
Assets €532k
Fixed assets
€502k ▲ 2.2%
Current assets
€30k ▼ 61.3%
Equity and liabilities €532k
Equity
€106k ▼ 48.5%
Provisions
€0 ▼ 100%
Debt
€426k ▲ 20.6%
Debt's share of the balance-sheet total rises from 62.1% to 80.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-44k▼
2012 · €86k
Cash flow
€-60k▼
2012 · €74k
Current ratio
0.13▼
2012 · 0.32
Quick ratio
0.12▼
2012 · 0.28
Debt to equity
1.89▲
2012 · 0.53
ROE
-94.2%▼
2012 · 28.8%
ROA
-18.8%▼
2012 · 10.5%
Debt ≤ 1 year
€223k▼
2012 · €244k
Debt > 1 year
€201k▲
2012 · €109k
Income taxes
€297
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 · 2013 against 2012 · 28 lines
Balance sheet
Code20122013
Assets
Total assets20/58€569k€532k▼
Fixed assets21/28€492k€502k▲
Intangible fixed assets21-€46k
Tangible fixed assets22/27€492k€456k▼
Current assets29/58€77k€30k▼
Stocks and contracts in progress3€9k€3k▼
Amounts receivable within one year40/41€60k€10k▼
Current investments50/53€6k€9k▲
Cash at bank and in hand54/58€2k€6k▲
Equity and liabilities
Total equity and liabilities10/49€569k€532k▼
Equity10/15€206k€106k▼
Contributions10/11€31k€31k=
Reserves13€47k€68k▲
Profit (loss) carried forward14€-122k€-222k▼
Provisions and deferred taxes16€9k-
Amounts payable17/49€353k€426k▲
Amounts payable after more than one year17€109k€201k▲
Amounts payable within one year42/48€244k€223k▼
Trade debts44€62k€43k▼
Income statement
Code20122013
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€40k▲
Gross operating margin9900€234k€81k▼
Operating profit (loss)9901€72k€-84k▼
Recurring financial income75-€113
Recurring financial charges65€12k€16k▲
Profit (loss) for the period before taxes9903€59k€-100k▼
Income taxes67/77-€297
Profit (loss) for the period9904€59k€-100k▼
Profit (loss) for the period to be appropriated9905€59k€-100k▼
Accounts by statement
| Line | 2009 | 2010 | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26k | €14k | €15k | €15k | €40k | ▲ 171% |
| Gross operating margin9900 | €87k | €51k | €131k | €234k | €81k | ▼ 65.3% |
| Operating profit (loss)9901 | €-42k | €-69k | €9k | €72k | €-84k | ▼ 217% |
| Recurring financial income75 | - | - | - | - | €113 | - |
| Recurring financial charges65 | €8k | €67k | €16k | €12k | €16k | ▲ 34.0% |
| Profit (loss) for the period before taxes9903 | €-31k | €-137k | €-7k | €59k | €-100k | ▼ 268% |
| Income taxes67/77 | €1k | - | - | - | €297 | - |
| Profit (loss) for the period9904 | €-33k | €-137k | €-7k | €59k | €-100k | ▼ 268% |
| Profit (loss) for the period to be appropriated9905 | €-33k | €-137k | €-7k | €59k | €-100k | ▼ 268% |
| Line | 2009 | 2010 | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €313k | €528k | €560k | €569k | €532k | ▼ 6.5% |
| Fixed assets21/28 | €265k | €503k | €495k | €492k | €502k | ▲ 2.2% |
| Intangible fixed assets21 | - | - | - | - | €46k | - |
| Tangible fixed assets22/27 | €265k | €503k | €495k | €492k | €456k | ▼ 7.1% |
| Current assets29/58 | €48k | €24k | €65k | €77k | €30k | ▼ 61.3% |
| Stocks and contracts in progress3 | €8k | €9k | €9k | €9k | €3k | ▼ 62.9% |
| Amounts receivable within one year40/41 | €30k | €4k | €36k | €60k | €10k | ▼ 83.0% |
| Current investments50/53 | €6k | €6k | €6k | €6k | €9k | ▲ 44.9% |
| Cash at bank and in hand54/58 | €3k | €4k | €13k | €2k | €6k | ▲ 239% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €313k | €528k | €560k | €569k | €532k | ▼ 6.5% |
| Equity10/15 | €40k | €154k | €147k | €206k | €106k | ▼ 48.5% |
| Contributions10/11 | €31k | €31k | €31k | €31k | €31k | = |
| Reserves13 | €47k | €47k | €47k | €47k | €68k | ▲ 45.2% |
| Profit (loss) carried forward14 | €-37k | €-174k | €-181k | €-122k | €-222k | ▼ 82.0% |
| Provisions and deferred taxes16 | €6k | €7k | €7k | €9k | - | - |
| Amounts payable17/49 | €267k | €367k | €406k | €353k | €426k | ▲ 20.6% |
| Amounts payable after more than one year17 | €37k | €166k | €138k | €109k | €201k | ▲ 83.7% |
| Amounts payable within one year42/48 | €225k | €197k | €264k | €244k | €223k | ▼ 8.7% |
| Trade debts44 | €119k | €85k | €52k | €62k | €43k | ▼ 30.7% |
| Line | 2009 | 2010 | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-33k | €-137k | €-7k | €59k | €-100k | ▼ 268% |
| + Depreciation and write-downs630 | €26k | €14k | €15k | €15k | €40k | ▲ 171% |
| Operating cash flow (approximation) | €-7k | €-123k | €8k | €74k | €-60k | ▼ 181% |
| Investment in fixed assets (approximation) | - | €-252k | €-7k | €-11k | €-50k | ▼ 341% |
| Change in cash | - | €183 | €9k | €-11k | €4k | ▲ 140% |
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
2014
08-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
17-12
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 139 days late
12-12
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 499 days late
2012
31-12
Financial
Back to profitnet €59k
Net result €59k after 3 loss-making years.
31-12
Financial
Equity above €200kEq €206k ▲40.5%
Equity rises from €147k to €206k.
2011
30-11
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 122 days late
2010
31-12
Financial
Weakest financial yearnet €-137k
Net result drops to €-137k, the lowest in the series.
31-12
Financial
Equity above €150kEq €154k ▲284%
Equity rises from €40k to €154k.
27-08
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema · 27 days late
14-04
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema · 257 days late
2009
27-01
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema · 180 days late
2008
18-02
NBB filing
Annual accounts filed
fiscal year 2006 · abbreviated schema · 202 days late
2007
12-01
NBB filing
Annual accounts filed
fiscal year 2005 · abbreviated schema · 165 days late
12-01
NBB filing
Annual accounts filed
fiscal year 2004 · abbreviated schema · 530 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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
Registered office, Genk · 2 establishment units since 1995
Ground area
3.2 ha
Building footprint
2.6 ha
Volume, LiDAR
167,650 m³
3 parcels, Flanders · tallest building 64.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
ZABIONE
since 19952.052.132.691
't Ambrozijntje
since 20122.209.200.041
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71016I1055/00H000 | Flanders | 2.9 ha | 1 · 2.5 ha | 64.2 m · 2 fl. |
| 71306G0037/00S002 | Flanders | 2,183 m² | 1 · 279 m² | 7.2 m · 2 fl. |
| 71016I1006/00L003 | Flanders | 406 m² | 1 · 148 m² | 7.7 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 9,503 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded20-03-1991
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
Scores and ratios are computed by Checked and are not a credit decision.