A*X
InactiveA*X was declared bankrupt on 09-02-2023 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 07-11-2023, published in the Belgian State Gazette on 13-11-2023.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-06-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
30-06-2023 close31-01-2024 deadline30-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2022 was due by 31-01-2023 and was filed on 16-01-2023, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
15 d early
2021
42 d early
2020
5 d early
2019
15 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 19 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 2022, micro schema
Equity
-€69,696▲ 2.3%
2021 · -€71,322
Total assets
€4,739▼ 72.6%
2021 · €17,306
Net result
€1,626▼ 97.6%
2021 · €66,394
Working capital
-€71,803▲ 4.0%
2021 · -€74,807
Trend over the years
In euros
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2019202020212022
Operating result€66,844-€54,861▼ 17.9%€67,401▲ 22.9%€3,829▼ 94.3%
Net result-€37,044-€51,993€66,394▲ 27.7%€1,626▼ 97.6%
Equity-€189,709--€137,716▲ 27.4%-€71,322▲ 48.2%-€69,696▲ 2.3%
Total assets€21,596-€29,152▲ 35.0%€17,306▼ 40.6%€4,739▼ 72.6%
Debt€211,306-€166,868▼ 21.0%€88,628▼ 46.9%€74,435▼ 16.0%
Working capital-€188,026--€141,307▲ 24.8%-€74,807▲ 47.1%-€71,803▲ 4.0%
Staff (FTE)0.5-0.6▲ 20.0%0.3▼ 50.0%0.3=
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2022; 2022 is 94% below 2021 and is the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €4,739
Fixed assets
€2,714 ▼ 28.3%
Current assets
€2,025 ▼ 85.0%
Key figures and ratios
EBITDA
€4,900▼
2021 · €68,399
Cash flow
€2,696▼
2021 · €67,392
Interest coverage
2.22
Debt ≤ 1 year
€73,828▼
2021 · €88,329
Staff costs
€5,313
Ratios withheld: a balance sheet total of €4,739 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - |
| Remuneration, social security and pensions62 | - | - | - | €5,313 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €108 | €998 | €1,070 | ▲ 7.2% |
| Other operating charges640/8 | - | - | - | €1,827 | - |
| Gross operating margin9900 | €87,275 | €73,866 | €87,627 | €12,040 | ▼ 86.3% |
| Operating profit (loss)9901 | €66,844 | €54,861 | €67,401 | €3,829 | ▼ 94.3% |
| Financial income75/76B | - | - | - | €0 | - |
| Recurring financial income75 | €272 | €284 | €200 | €0 | ▼ 99.9% |
| Financial charges65/66B | - | - | - | €2,204 | - |
| Recurring financial charges65 | €104,159 | €3,152 | €1,207 | €2,204 | ▲ 82.6% |
| Profit (loss) for the period before taxes9903 | -€37,044 | €51,993 | €66,394 | €1,626 | ▼ 97.6% |
| Profit (loss) for the period9904 | -€37,044 | €51,993 | €66,394 | €1,626 | ▼ 97.6% |
| Profit (loss) for the period to be appropriated9905 | -€37,044 | €51,993 | €66,394 | €1,626 | ▼ 97.6% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €21,596 | €29,152 | €17,306 | €4,739 | ▼ 72.6% |
| Fixed assets21/28 | - | €4,092 | €3,785 | €2,714 | ▼ 28.3% |
| Tangible fixed assets22/27 | - | €4,092 | €3,785 | €2,714 | ▼ 28.3% |
| Furniture and vehicles24 | - | - | - | €2,714 | - |
| Current assets29/58 | €21,596 | €25,059 | €13,521 | €2,025 | ▼ 85.0% |
| Amounts receivable within one year40/41 | €11,944 | €13,046 | €5,096 | €1,083 | ▼ 78.7% |
| Trade receivables40 | - | - | - | €1,083 | - |
| Other amounts receivable41 | - | - | - | €0 | - |
| Cash at bank and in hand54/58 | €5,441 | €9,397 | €7,344 | €5 | ▼ 99.9% |
| Deferred charges and accrued income490/1 | - | - | - | €936 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €21,596 | €29,152 | €17,306 | €4,739 | ▼ 72.6% |
| Equity10/15 | -€189,709 | -€137,716 | -€71,322 | -€69,696 | ▲ 2.3% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | -€203,969 | -€151,976 | -€85,582 | -€83,956 | ▲ 1.9% |
| Amounts payable17/49 | €211,306 | €166,868 | €88,628 | €74,435 | ▼ 16.0% |
| Amounts payable within one year42/48 | €209,623 | €166,367 | €88,329 | €73,828 | ▼ 16.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €3,250 | - |
| Trade debts44 | €61,801 | €56,477 | €3,412 | €6,649 | ▲ 94.9% |
| Suppliers440/4 | - | - | - | €6,649 | - |
| Taxes, remuneration and social security45 | - | - | - | €693 | - |
| Taxes450/3 | - | - | - | €693 | - |
| Remuneration and social security454/9 | - | - | - | €0 | - |
| Other amounts payable47/48 | - | - | - | €63,236 | - |
| Accrued charges and deferred income492/3 | - | - | - | €607 | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€37,044 | €51,993 | €66,394 | €1,626 | ▼ 97.6% |
| + Depreciation and write-downs630 | - | €108 | €998 | €1,070 | ▲ 7.2% |
| Operating cash flow (approximation) | -€37,044 | €52,101 | €67,392 | €2,696 | ▼ 96.0% |
| Investment in fixed assets (approximation) | - | - | -€691 | €0 | ▲ 100% |
| Change in cash | - | €3,955 | -€2,053 | -€7,339 | ▼ 258% |
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
2023
13-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 07-11-2023
20-02
Bankruptcy
Supervising judge replaced
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 14-02-2023
15-02
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 09-02-2023
16-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Highest result since 2019net €66,394 ▲27.7%
Operating result €67,401, net result €66,394, both a record.
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €51,993
Net result €51,993 after one loss-making year.
16-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
31-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Show earlier events
2015
28-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
13-01
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
06-01
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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 | JAN BERGMANS EIKENSTRAAT 80, 2840 RUMST- |
09-02-2023 → 07-11-2023 |