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ADAPTIVE EYEWORKS

Inactive KBO/BCE: BE 0650.739.643
ADAPTIVE EYEWORKS
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Overview

Lifetime

4 annual accounts with figures on one time axis
peak €16,774 (2019)
€16,774▲ €57,036
lowest -€162,280 (2017)
-€45,156▲ €105,310
peak €31,989 (2017)
-€163,633▼ €45,156
€200,321▼ 11.4%
peak 0.6 FTE (2018)
-not published
Documentsfilings and deeds
10-06-202051 days before the deadline
2019micro format
Gross margin from -€40,262 to €16,774Loss of €45,156Equity from -€118,477 to -€163,633

Key points

from the 2019 annual accounts, the last ones filed

Losses

-€383,433 in four years
-25,5312016-162,2802017-150,4662018-45,1562019

Every financial year from 2016 to 2019 closed with a loss. 2017 was the heaviest.

Debts

€200,321 546% of the balance sheet
After one year 100%Within one year 0%

Of this, €321 falls due within a year.

Filings

4 annual accounts since 2016
AprilJune31 JulyOctober2016201720182019

The last four annual accounts were filed 51 to 68 days before the end of the period.

No score

Recent changes

Bankruptcy closure (insufficient assets) Enterprise Court of Brussels · judgment of 01-03-2022 · Bankruptcy
Bankruptcy published Enterprise Court of Brussels · judgment of 15-12-2020 · Bankruptcy
Incorporation 4 publications in the Belgian Official Gazette, the last on 01-02-2019 · Gazette deed
All 10 events

Official details

Source: KBO
Status
Inactivedeed of incorporation of 05-04-2016 · bankruptcy closed on 01-03-2022
Activity
No activity registered in the KBO
Financial year end
31 December
Peppol
Not found in the Peppol Directory
Company details

Annual accounts 2019

€16,774
≈ €130,000estimated
€45,156▼ 70.0%
-€163,633▼ 38.1%
€36,688▼ 65.9%
Filing
Filed on 10-06-2020
Financials

Insights on ADAPTIVE EYEWORKS

Equity fell from €31,989 in 2017 to -€163,633 in 2019.

On 15 December 2020 the court declared ADAPTIVE EYEWORKS bankrupt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2019

micro format, filed on 10-06-2020, 51 days before the deadline
€16,774
▲ €57,036
-€44,835
▲ €159,498
-€45,156
▲ €105,310
€36,187
▲ 11.9%
-446.0%
▼ 335.9 percentage points
-

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €130,000. Estimated: probably between €59,000 and €310,000.

Balance sheet

balance sheet total €36,688 on 31-12-2019
What the company ownsHow it is paid for

in euro

in euro

Staff

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2019201820172016
Balance sheet: assets
20/58 36,688107,641317,969105,122
21/28 18066,198217,95124,787
21 -36,04241,481800
22/27 -29,623175,13823,009
23 -29,623174,35021,959
24 --7881,050
28 1805341,332978
29/58 36,50841,442100,01880,335
3 -11,28750,31130,989
30/36 -11,28750,31130,989
40/41 2533342,7255,712
40 -711,155-
41 2532631,5705,712
54/58 35,89529,46146,42143,006
490/1 360360560627
Balance sheet: equity and liabilities
10/49 36,688107,641317,969105,122
10/15 -163,633-118,47731,989-18,931
10/11 23,76023,76023,7606,600
100 23,76023,76023,76019,800
101 ---13,200
11 196,040196,040196,040-
1100/10 196,040196,040196,040-
14 -383,433-338,277-187,811-25,531
17/49 200,321226,118285,980124,053
17 200,000217,000207,775120,210
170/4 200,000200,000189,075100,000
175 -17,00018,70020,210
42/48 3219,11867,7063,843
44 3219,11862,667643
440/4 3219,11862,667643
45 --5,0393,000
450/3 --3,0053,000
454/9 --2,034-
47/48 ---200
492/3 --10,499-
Income statement
9900 16,774-40,262-98,228-19,113
62 38425,08013,265-
630 -21,62748,0615,952
631/4 11,287---
640/8 49,938117,3641,8011,498
9901 -44,835-204,333-161,355-26,563
75/76B 055,2894911,143
75 01,2144911,143
76B -54,075--
65/66B 3211,4211,415111
65 3211,4211,415111
9903 -45,156-150,466-162,279-25,531
67/77 000-
9904 -45,156-150,466-162,280-25,531
9905 -45,156-150,466-162,280-25,531
Appropriation of the result
9906 -383,433-338,277-187,811-25,531
Social balance sheet
9087 -0.60.4-
Hours worked1013 -1,881723-
Document PDFPDFPDFPDF

Source: Annual accounts 2019 (PDF), filed on 10-06-2020.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2019 micro format 10-06-2020 2020-16000252 PDF
31-12-2018 micro format 07-06-2019 2019-16900392 PDF
31-12-2017 micro format 24-05-2018 2018-14000259 PDF
31-12-2016 micro format 07-06-2017 2017-15600146 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2019201820172016
--182,706-113,294-20,611
--128,839-114,219-19,579
-34,313241,22430,739
6,434-16,9613,415-
36,18732,32432,31276,491
-446.0%-110.1%10.1%-18.0%
-4.551.4820.90
-3.310.7312.84
--8.94-
---507.3%-
-123.1%-139.8%-51.0%-24.3%

A ratio outside any meaningful range has been withheld (balance sheet total €36,688, equity -€163,633).

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on ADAPTIVE EYEWORKS

The operating result for 2019 is a loss of €44,835, smaller than the loss of €204,333 in 2018.

Equity is negative. Debt (€200,321) exceeds the balance-sheet total (€36,688).

Board & ownership

Curator

1 mandate
Steven Nysten
Curator, Pegasuslaan 5, 1831 Diegem
from 15-12-2020 to 01-03-2022
Also on 274 other cases

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Capital
€23,760
Source
2019 annual accounts

Office holders in the KBO →

Timeline

Timeline

10 events since 2016
2022
Bankruptcy closure (insufficient assets) Enterprise Court of Brussels · judgment of 01-03-2022
2021
Bankruptcy published Enterprise Court of Brussels · judgment of 15-12-2020
2020
Annual accounts 2019 filed PDFmicro format · 51 days before the deadline
2019
Liquidity times 25 current ratio 113.71 The current ratio rises from 4.55 to 113.71. Short-term debt falls from €9,118 to €321.
Annual accounts 2018 filed PDFmicro format · 54 days before the deadline
2018
Liquidity more than triples current ratio 4.55 The current ratio rises from 1.48 to 4.55. Short-term debt falls from €67,706 to €9,118.
Annual accounts 2017 filed PDFmicro format · 68 days before the deadline
2017
Weakest financial year net -€162,280 The net result drops to -€162,280, the lowest from 2016 to 2019.
Annual accounts 2016 filed PDFmicro format · 54 days before the deadline
2016
Incorporation PDF4 publications in the Belgian Official Gazette, the last on 01-02-2019

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

ADAPTIVE EYEWORKS has filed 4 sets of annual accounts, the latest for financial year 2019.1 The bankruptcy of the company was declared on 15 December 2020 and closed on 1 March 2022.23

  1. 1National Bank, annual accounts 2019
  2. 2Belgian Official Gazette, 13-01-2021
  3. 3Belgian Official Gazette, 10-03-2022

Company details

Inactive

ADAPTIVE EYEWORKS is no longer in the KBO register.

Last annual accounts
financial year to 31 December 2019
Last registered office
Vlaamsekaai 29, 2000 Antwerpenas published on 1 February 2019
Legal form
Private limited company (pre-2019)
First annual accounts
financial year 2016
Official KBO record

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