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60 CENT

Bankruptcy closed
Private limited company (pre-2019)KBO/BCE: BE 0641.673.113

Inactive since 28-04-2026; last annual accounts for financial year 2022.

Summary

60 CENT was declared bankrupt on 26-11-2024 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 21-04-2026, published in the Belgian Official Gazette on 05-05-2026.

60 CENTBankruptcy closed

Financials · financial year 2022, micro format

2022 annual accounts filed late (56 days) Filed on 25 September 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00452988.

Equity
€3,240▲ 402%
2021 · €646
Total assets
€53,578▲ 83.1%
2021 · €29,266
Net result
€2,594▼ 97.4%
2021 · €98,653
Working capital
€1,412
2021 · -€7,415
Trend over the years

2018 to 2022, 4 financial years 2018 to 2022, 4 financial years

The operating result returns to profit in 2022: €6,705 after a loss of €3,887 in 2021.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€6,705 2022 Net result€2,594 2022

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line2018202020212022
Operating result-€27,347-€8,855--€3,887€6,705
Net result-€27,794-€8,310-€98,653▲ 12×€2,594▼ 97.4%
Equity-€70,276--€98,007-€646€3,240▲ 402%
Total assets€31,153-€28,101-€29,266▲ 4.1%€53,578▲ 83.1%
Debt€101,429-€126,108-€28,620▼ 77.3%€50,337▲ 75.9%
Working capital-€95,019--€109,807--€7,415▲ 93.2%€1,412
Staff (FTE)2.9-3.4-3.8▲ 11.8%5.2▲ 36.8%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €53,578
Fixed assets €3,330 ▼ 58.7%
Current assets €50,248 ▲ 137%
Equity and liabilities €53,578
Equity €3,240 ▲ 402%
Debt €50,337 ▲ 75.9%
Debt's share of the balance-sheet total falls from 97.8% to 94.0%. Equity and debt are higher.
Key figures and ratios
2022 value · change against 2021
EBITDA
€11,436▲
2021 · €974
Cash flow
€7,325▼
2021 · €103,514
Current ratio
1.03▲
2021 · 0.74
Debt to equity
15.53
ROE
80.1%
ROA
4.8%▼
2021 · 337.1%
Interest coverage
5.07▼
2021 · 12.73
Debt ≤ 1 year
€48,836▲
2021 · €28,620
Income taxes
€1,854▲
2021 · €228
Staff costs
€63,836▲
2021 · €51,930
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2022 against 2021 · 41 lines
Balance sheet Code20212022
Assets
Total assets20/58€29,266€53,578▲
Fixed assets21/28€8,060€3,330▼
Tangible fixed assets22/27€5,260€530▼
Plant, machinery and equipment23€1,334€530▼
Furniture and vehicles24€3,926-
Financial fixed assets28€2,800€2,800=
Current assets29/58€21,205€50,248▲
Amounts receivable within one year40/41€934€770▼
Other amounts receivable41€934€770▼
Cash at bank and in hand54/58€20,272€49,478▲
Equity and liabilities
Total equity and liabilities10/49€29,266€53,578▲
Equity10/15€646€3,240▲
Contributions10/11€18,600€18,600=
Capital10€18,600€18,600=
Issued capital100€18,600€18,600=
Profit (loss) carried forward14-€17,954-€15,360▲
Amounts payable17/49€28,620€50,337▲
Amounts payable within one year42/48€28,620€48,836▲
Trade debts44€485€6,699▲
Suppliers440/4€485€6,699▲
Taxes, remuneration and social security45€25,548€32,459▲
Taxes450/3€19,171€23,617▲
Remuneration and social security454/9€6,377€8,842▲
Other amounts payable47/48€2,587€9,678▲
Accrued charges and deferred income492/3-€1,501
Income statement Code20212022
Remuneration, social security and pensions62€51,930€63,836▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,861€4,731▼
Other operating charges640/8€563€3,130▲
Gross operating margin9900€53,468€78,402▲
Operating profit (loss)9901-€3,887€6,705▲
Financial income75/76B€102,844-
Recurring financial income75€102,844-
Non-recurring financial income76B€102,844-
Financial charges65/66B€77€2,257▲
Recurring financial charges65€77€2,257▲
Profit (loss) for the period before taxes9903€98,881€4,449▼
Income taxes67/77€228€1,854▲
Profit (loss) for the period9904€98,653€2,594▼
Profit (loss) for the period to be appropriated9905€98,653€2,594▼
Appropriation of the result
Profit (loss) to be appropriated9906-€17,954-€15,360▲
Profit (loss) brought forward from the previous period14P-€116,607-€17,954▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018202020212022Change
Remuneration, social security and pensions62--€51,930€63,836▲ 22.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,366€7,330€4,861€4,731▼ 2.7%
Other operating charges640/8--€563€3,130▲ 456%
Gross operating margin9900€25,017€77,331€53,468€78,402▲ 46.6%
Operating profit (loss)9901-€27,347€8,855-€3,887€6,705-
Financial income75/76B--€102,844--
Recurring financial income75-€1€102,844--
Non-recurring financial income76B--€102,844--
Financial charges65/66B--€77€2,257▲ 29×
Recurring financial charges65€448€429€77€2,257▲ 29×
Profit (loss) for the period before taxes9903-€27,794€8,426€98,881€4,449▼ 95.5%
Income taxes67/77-€116€228€1,854▲ 714%
Profit (loss) for the period9904-€27,794€8,310€98,653€2,594▼ 97.4%
Profit (loss) for the period to be appropriated9905-€27,794€8,310€98,653€2,594▼ 97.4%
Line2018202020212022Change
Assets
Total assets20/58€31,153€28,101€29,266€53,578▲ 83.1%
Formation expenses20€419----
Fixed assets21/28€26,647€11,800€8,060€3,330▼ 58.7%
Tangible fixed assets22/27€23,847€9,000€5,260€530▼ 89.9%
Plant, machinery and equipment23--€1,334€530▼ 60.3%
Furniture and vehicles24--€3,926--
Financial fixed assets28€2,800€2,800€2,800€2,800=
Current assets29/58€4,086€16,301€21,205€50,248▲ 137%
Amounts receivable within one year40/41€825€1,107€934€770▼ 17.5%
Other amounts receivable41--€934€770▼ 17.5%
Cash at bank and in hand54/58€3,261€15,194€20,272€49,478▲ 144%
Equity and liabilities
Total equity and liabilities10/49€31,153€28,101€29,266€53,578▲ 83.1%
Equity10/15-€70,276-€98,007€646€3,240▲ 402%
Contributions10/11€18,600€18,600€18,600€18,600=
Capital10--€18,600€18,600=
Issued capital100--€18,600€18,600=
Profit (loss) carried forward14-€88,876-€116,607-€17,954-€15,360▲ 14.4%
Amounts payable17/49€101,429€126,108€28,620€50,337▲ 75.9%
Amounts payable within one year42/48€99,106€126,108€28,620€48,836▲ 70.6%
Trade debts44€3,667€3,537€485€6,699▲ 14×
Suppliers440/4--€485€6,699▲ 14×
Taxes, remuneration and social security45--€25,548€32,459▲ 27.1%
Taxes450/3--€19,171€23,617▲ 23.2%
Remuneration and social security454/9--€6,377€8,842▲ 38.7%
Other amounts payable47/48--€2,587€9,678▲ 274%
Accrued charges and deferred income492/3---€1,501-
Line2018202020212022Change
Profit (loss) for the period9904-€27,794€8,310€98,653€2,594▼ 97.4%
+ Depreciation and write-downs630€8,366€7,330€4,861€4,731▼ 2.7%
Operating cash flow (approximation)-€19,428€15,640€103,514€7,325▼ 92.9%
Investment in fixed assets (approximation)---€1,121€0-
Change in cash--€5,078€29,206▲ 475%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Filings with the National Bank (6)
Financial year Type Filed Reference
31-12-2022 micro format 25-09-2023 2023-00452988
31-12-2021 micro format 08-03-2023 2023-00037073
31-12-2020 micro format 26-10-2021 2021-73200119
31-12-2018 micro format 31-08-2019 2019-60400450
31-12-2017 micro format 31-08-2018 2018-57100013
31-12-2016 abbreviated format 31-08-2017 2017-55900317

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.