2G PROJECTS
Inactive2G PROJECTS was declared bankrupt on 27-09-2021 (Tribunal de l’entreprise de Liège, division Liège); the bankruptcy was closed by liquidation by judgment of 14-05-2024, published in the Belgian State Gazette on 22-05-2024.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 7 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline26-09-2026 today
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 01-07-2021, 30 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
30 d early
2019
43 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 37 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2020, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€430,911▼ 372%
2019 · -€91,391
Working capital
-€410,830▼ 51.6%
2019 · -€271,009
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Operating result-€31,120-€52,584-€312,025
Net result-€163,135--€91,391▲ 44.0%-€430,911▼ 372%
Equity€1.2m-€1.0m▼ 13.4%€527,707▼ 48.4%
Total assets€7.4m-€6.9m▼ 6.0%€6.5m▼ 7.1%
Debt€6.2m-€5.9m▼ 4.6%€5.9m▲ 0.1%
Working capital-€565,867--€271,009▲ 52.1%-€410,830▼ 51.6%
Staff (FTE)13.8-11▼ 20.3%9.6▼ 12.7%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €312,025 after €52,584 in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €6.5m
Fixed assets
€6.1m ▼ 7.1%
Current assets
€368,691 ▲ 2.6%
Equity and liabilities €6.5m
Equity
€527,707 ▼ 48.4%
Debt
€5.9m ▲ 0.1%
Debt's share of the balance-sheet total rises from 85.3% to 91.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€195,733▼
2019 · €592,188
Cash flow
€76,847▼
2019 · €448,214
Current ratio
0.47▼
2019 · 0.57
Quick ratio
0.46▼
2019 · 0.56
Debt to equity
9.32▲
2019 · 4.88
ROE
-81.7%▼
2019 · -8.9%
ROA
-6.7%▼
2019 · -1.3%
Debt ≤ 1 year
€779,521▲
2019 · €630,426
Debt > 1 year
€4.9m▼
2019 · €5.0m
Income taxes
€29▲
2019 · €14
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €546,796 | €539,605 | €507,758 | ▼ 5.9% |
| Gross operating margin9900 | €906,804 | €939,965 | €372,789 | ▼ 60.3% |
| Operating profit (loss)9901 | -€31,120 | €52,584 | -€312,025 | ▼ 693% |
| Recurring financial income75 | €68,509 | €67,040 | €64,612 | ▼ 3.6% |
| Recurring financial charges65 | €200,359 | €211,002 | €183,470 | ▼ 13.0% |
| Profit (loss) for the period before taxes9903 | -€162,970 | -€91,377 | -€430,882 | ▼ 372% |
| Income taxes67/77 | €165 | €14 | €29 | ▲ 109% |
| Profit (loss) for the period9904 | -€163,135 | -€91,391 | -€430,911 | ▼ 372% |
| Profit (loss) for the period to be appropriated9905 | -€163,135 | -€91,391 | -€430,911 | ▼ 372% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €7.4m | €6.9m | €6.5m | ▼ 7.1% |
| Formation expenses20 | €66,920 | €31,844 | - | - |
| Fixed assets21/28 | €7.0m | €6.6m | €6.1m | ▼ 7.1% |
| Intangible fixed assets21 | €11,103 | €12,744 | €7,105 | ▼ 44.2% |
| Tangible fixed assets22/27 | €7.0m | €6.5m | €6.1m | ▼ 7.1% |
| Current assets29/58 | €276,703 | €359,417 | €368,691 | ▲ 2.6% |
| Stocks and contracts in progress3 | €10,573 | €6,966 | €6,690 | ▼ 4.0% |
| Amounts receivable within one year40/41 | €64,096 | €66,702 | €116,889 | ▲ 75.2% |
| Cash at bank and in hand54/58 | €193,830 | €279,246 | €231,440 | ▼ 17.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €7.4m | €6.9m | €6.5m | ▼ 7.1% |
| Equity10/15 | €1.2m | €1.0m | €527,707 | ▼ 48.4% |
| Contributions10/11 | €901,590 | €901,590 | €901,590 | = |
| Profit (loss) carried forward14 | -€946,715 | -€1.0m | -€1.5m | ▼ 41.5% |
| Amounts payable17/49 | €6.2m | €5.9m | €5.9m | ▲ 0.1% |
| Amounts payable after more than one year17 | €5.1m | €5.0m | €4.9m | ▼ 1.6% |
| Amounts payable within one year42/48 | €842,570 | €630,426 | €779,521 | ▲ 23.6% |
| Trade debts44 | €80,138 | €112,102 | €394,997 | ▲ 252% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€163,135 | -€91,391 | -€430,911 | ▼ 372% |
| + Depreciation and write-downs630 | €546,796 | €539,605 | €507,758 | ▼ 5.9% |
| Operating cash flow (approximation) | €383,661 | €448,214 | €76,847 | ▼ 82.9% |
| Investment in fixed assets (approximation) | - | -€50,059 | -€39,779 | ▲ 20.5% |
| Change in cash | - | €85,415 | -€47,805 | ▼ 156% |
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
2024
22-05
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise de Liège, division Liège · event 14-05-2024
2021
04-10
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 27-09-2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet -€430,911
Net result drops to -€430,911, the lowest in the series.
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 56 days late
25-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 421 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
2015
27-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 27 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PIERRE HENRY BOULEVARD DE LA SAUVENIERE 117,
4000 LIEGE 1 |
27-09-2021 → 14-05-2024 |