TOOLING SERVICES
Open bankruptcyA bankruptcy procedure is open for TOOLING SERVICES according to publications in the Belgian State Gazette; curator: GEOFFREY SAIVE.
Summary
The 2023 annual accounts show negative equity (€-71k) and a net result of €-117k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 20-08-2024, 20 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
20 d late
2022
12 d early
2021
16 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-117k
2022 · €10k
2021: €31k
2022: €10k
2021 → 2023
Working capital
€-97k
2022 · €22k
2021: €6k
2022: €22k
2021 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202120222023Trend
Equity€36k-€46k▲ 28.3%€-71k
Operating result€57k-€26k▼ 54.8%€-108k
Net result€31k-€10k▼ 67.1%€-117k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €108k after €26k in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €241k
Fixed assets
€26k ▼ 10.1%
Current assets
€215k ▼ 18.4%
Key figures and ratios
EBITDA
€-105k▼
2022 · €29k
Cash flow
€-114k▼
2022 · €13k
Solvency
-29.6%▼
2022 · 15.7%
Current ratio
0.69▼
2022 · 1.09
Quick ratio
0.55▼
2022 · 0.91
Debt to equity
-4.38▼
2022 · 5.37
ROA
-48.6%▼
2022 · 3.5%
Interest coverage
-11.41▼
2022 · 2.90
Debt
€312k▲
2022 · €246k
Debt ≤ 1 year
€312k▲
2022 · €241k
Staff costs
€136k▲
2022 · €133k
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 · 44 lines
Balance sheet
Code20222023
Assets
Total assets20/58€292k€241k▼
Fixed assets21/28€29k€26k▼
Intangible fixed assets21€19k€17k▼
Tangible fixed assets22/27€2k€2k▼
Plant, machinery and equipment23€2k€2k▼
Financial fixed assets28€8k€8k=
Current assets29/58€263k€215k▼
Stocks and contracts in progress3€44k€42k▼
Stocks30/36€44k€42k▼
Amounts receivable within one year40/41€206k€168k▼
Trade receivables40€100k€115k▲
Other amounts receivable41€105k€53k▼
Cash at bank and in hand54/58€8k€5k▼
Deferred charges and accrued income490/1€6k-
Equity and liabilities
Total equity and liabilities10/49€292k€241k▼
Equity10/15€46k€-71k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€41k€-76k▼
Amounts payable17/49€246k€312k▲
Amounts payable within one year42/48€241k€312k▲
Financial debts43€75k€84k▲
Credit institutions430/8€75k€84k▲
Trade debts44€80k€90k▲
Suppliers440/4€80k€90k▲
Taxes, remuneration and social security45€85k€138k▲
Taxes450/3€59k€103k▲
Remuneration and social security454/9€27k€35k▲
Accrued charges and deferred income492/3€5k-
Income statement
Code20222023
Remuneration, social security and pensions62€133k€136k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Other operating charges640/8€4k€1k▼
Gross operating margin9900€165k€33k▼
Operating profit (loss)9901€26k€-108k▼
Financial income75/76B-€82
Recurring financial income75-€82
Financial charges65/66B€10k€9k▼
Recurring financial charges65€10k€9k▼
Profit (loss) for the period before taxes9903€16k€-117k▼
Income taxes67/77€6k-
Profit (loss) for the period9904€10k€-117k▼
Profit (loss) for the period to be appropriated9905€10k€-117k▼
Appropriation of the result
Profit (loss) to be appropriated9906€41k€-76k▼
Profit (loss) brought forward from the previous period14P€31k€41k▲
Social balance
Average headcount (FTE)90872.0-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
05-09
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 29-08-2024
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
31-12
Financial
Weakest financial yearnet €-117k
Net result drops to €-117k, the lowest in the series.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
SignalFinancial 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, Sprimont · 1 establishment unit since 2020
Ground area
4,208 m²
Building footprint
124 m²
Volume, LiDAR
1,152 m³
Parcel 62100D1965/00Y000, Wallonia · tallest building 13.0 m, ±3 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
TOOLING SERVICES
since 20202.305.742.557
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62100D1965/00Y000 | Wallonia | 4,208 m² | 1 · 124 m² | 13.0 m · 3 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 | GEOFFREY SAIVE RUE JOSEPH WAUTERS 53,
4800 VERVIERS |
29-08-2024 → present |
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Of 388 companies in sector 46630 we hold annual accounts for 276. 100 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
46630Wholesale trade
46649Wholesale of other machinery and equipment
46841Wholesale trade
47525Retail trade
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 entriesE-mail:info@hydromecagroup.be
Phone:+32473894011