AKIN A.K
InactiveAKIN A.K was declared bankrupt on 25-06-2024 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed by liquidation by judgment of 03-02-2026, published in the Belgian State Gazette on 06-02-2026.
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 31-12-2023, 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 · 8 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline25-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 07-10-2023, 68 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
68 d late
2021
36 d early
2020
9 d early
2019
87 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Turnover
€798k▲ 98.9%
2018 · €401k
2018: €401k
2021: €798k
2018 → 2021
EBIT margin
1.2%▼ 15.1pp
2018 · 16.3%
2018: 16.3%
2021: 1.2%
2018 → 2021
Net result
€-57k
2021 · €211
2018: €58khighest in 5 years
2019: €33k▼ -43.3% vs 2018
2020: €13k▼ -61.3% vs 2019
2021: €211▼ -98.3% vs 2020
2022: €-57k▼ -26903% vs 2021lowest in 5 years
2018 → 2022
Working capital
€83k▼ 33.8%
2021 · €126k
2018: €93k
2019: €120k▲ +28.7% vs 2018
2020: €121k▲ +0.6% vs 2019
2021: €126k▲ +3.8% vs 2020highest in 5 years
2022: €83k▼ -33.8% vs 2021lowest in 5 years
2018 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€401k-€798k
2018: €401k
2021: €798k
Equity€101k-€133k▲ 32.4%€146k▲ 9.5%€146k▲ 0.1%€90k▼ 38.7%
2018: €101k
2019: €133k▲ +32.4% vs 2018
2020: €146k▲ +9.5% vs 2019
2021: €146k▲ +0.1% vs 2020highest in 5 years
2022: €90k▼ -38.7% vs 2021lowest in 5 years
Operating result€65k-€54k▼ 16.4%€39k▼ 29.1%€10k▼ 75.4%€-32k
2018: €65khighest in 5 years
2019: €54k▼ -16.4% vs 2018
2020: €39k▼ -29.1% vs 2019
2021: €10k▼ -75.4% vs 2020
2022: €-32k▼ -433% vs 2021lowest in 5 years
Net result€58k-€33k▼ 43.3%€13k▼ 61.3%€211▼ 98.3%€-57k
2018: €58khighest in 5 years
2019: €33k▼ -43.3% vs 2018
2020: €13k▼ -61.3% vs 2019
2021: €211▼ -98.3% vs 2020
2022: €-57k▼ -26903% vs 2021lowest in 5 years
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 turns negative in 2022: a loss of €32k after €10k in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €149k
Fixed assets
€15k ▼ 60.5%
Current assets
€134k ▼ 14.8%
Equity and liabilities €149k
Equity
€90k ▼ 38.7%
Debt
€60k ▲ 19.2%
Debt's share of the balance-sheet total rises from 25.5% to 39.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-23k▼
2021 · €23k
Cash flow
€-48k▼
2021 · €14k
Current ratio
2.65▼
2021 · 5.01
Quick ratio
2.65▼
2021 · 3.92
Debt to equity
0.66▲
2021 · 0.34
ROE
-63.2%▼
2021 · 0.1%
ROA
-38.0%▼
2021 · 0.1%
Interest coverage
-6.83▼
2021 · 13.33
Debt ≤ 1 year
€51k▲
2021 · €31k
Debt > 1 year
€9k▼
2021 · €19k
Income taxes
€11k▲
2021 · €8k
Staff costs
€154k▼
2021 · €420k
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 · 2022 against 2021 · 49 lines
Balance sheet
Code20212022
Assets
Total assets20/58€196k€149k▼
Fixed assets21/28€39k€15k▼
Tangible fixed assets22/27€39k€15k▼
Plant, machinery and equipment23€7k€4k▼
Furniture and vehicles24€32k€11k▼
Current assets29/58€157k€134k▼
Stocks and contracts in progress3€34k€45▼
Contracts in progress37€34k€45▼
Amounts receivable within one year40/41€58k€88k▲
Trade receivables40€29k€35k▲
Other amounts receivable41€29k€52k▲
Cash at bank and in hand54/58€65k€46k▼
Equity and liabilities
Total equity and liabilities10/49€196k€149k▼
Equity10/15€146k€90k▼
Contributions10/11€1€1=
Profit (loss) carried forward14€146k€90k▼
Amounts payable17/49€50k€60k▲
Amounts payable after more than one year17€19k€9k▼
Financial debts170/4€19k€9k▼
Amounts payable within one year42/48€31k€51k▲
Current portion of amounts payable after more than one year42€9k€10k▲
Financial debts43-€19k
Credit institutions430/8-€19k
Trade debts44€4k€20k▲
Suppliers440/4€4k€20k▲
Taxes, remuneration and social security45€18k€2k▼
Taxes450/3€18k€2k▼
Remuneration and social security454/9€486-
Income statement
Code20212022
Turnover70€798k-
Non-recurring operating income76A-€7k
Goods, raw materials, services and sundry goods60/61€353k€327k▼
Remuneration, social security and pensions62€420k€154k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€8k▼
Other operating charges640/8€2k€268▼
Gross operating margin9900€445k€131k▼
Operating profit (loss)9901€10k€-32k▼
Financial income75/76B€347-
Recurring financial income75€1-
Non-recurring financial income76B€346-
Financial charges65/66B€2k€14k▲
Recurring financial charges65€2k€3k▲
Non-recurring financial charges66B-€11k
Profit (loss) for the period before taxes9903€8k€-46k▼
Income taxes67/77€8k€11k▲
Profit (loss) for the period9904€211€-57k▼
Profit (loss) for the period to be appropriated9905€211€-57k▼
Appropriation of the result
Profit (loss) to be appropriated9906€146k€90k▼
Profit (loss) brought forward from the previous period14P€146k€146k▲
Social balance
Average headcount (FTE)90879.9-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €401k | - | - | €798k | - | - |
| Non-recurring operating income76A | - | - | - | - | €7k | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €353k | €327k | ▼ 7.3% |
| Remuneration, social security and pensions62 | - | - | - | €420k | €154k | ▼ 63.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €8k | €13k | €14k | €8k | ▼ 40.0% |
| Other operating charges640/8 | - | - | - | €2k | €268 | ▼ 87.0% |
| Gross operating margin9900 | €133k | €311k | €326k | €445k | €131k | ▼ 70.6% |
| Operating profit (loss)9901 | €65k | €54k | €39k | €10k | €-32k | ▼ 433% |
| Financial income75/76B | - | - | - | €347 | - | - |
| Recurring financial income75 | €0 | €0 | €0 | €1 | - | - |
| Non-recurring financial income76B | - | - | - | €346 | - | - |
| Financial charges65/66B | - | - | - | €2k | €14k | ▲ 713% |
| Recurring financial charges65 | €1k | €1k | €2k | €2k | €3k | ▲ 96.1% |
| Non-recurring financial charges66B | - | - | - | - | €11k | - |
| Profit (loss) for the period before taxes9903 | €65k | €53k | €39k | €8k | €-46k | ▼ 665% |
| Income taxes67/77 | €8k | €21k | €27k | €8k | €11k | ▲ 36.3% |
| Profit (loss) for the period9904 | €58k | €33k | €13k | €211 | €-57k | ▼ 26,903% |
| Profit (loss) for the period to be appropriated9905 | €58k | €33k | €13k | €211 | €-57k | ▼ 26,903% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €113k | €223k | €223k | €196k | €149k | ▼ 24.0% |
| Formation expenses20 | €0 | €0 | €0 | - | - | - |
| Fixed assets21/28 | €7k | €35k | €53k | €39k | €15k | ▼ 60.5% |
| Intangible fixed assets21 | €0 | €0 | €0 | - | - | - |
| Tangible fixed assets22/27 | €7k | €35k | €53k | €39k | €15k | ▼ 60.5% |
| Plant, machinery and equipment23 | - | - | - | €7k | €4k | ▼ 38.1% |
| Furniture and vehicles24 | - | - | - | €32k | €11k | ▼ 65.1% |
| Financial fixed assets28 | €0 | €0 | €0 | - | - | - |
| Current assets29/58 | €105k | €188k | €170k | €157k | €134k | ▼ 14.8% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | €34k | €45 | ▼ 99.9% |
| Contracts in progress37 | - | - | - | €34k | €45 | ▼ 99.9% |
| Amounts receivable within one year40/41 | €55k | €66k | €80k | €58k | €88k | ▲ 50.9% |
| Trade receivables40 | - | - | - | €29k | €35k | ▲ 24.5% |
| Other amounts receivable41 | - | - | - | €29k | €52k | ▲ 76.4% |
| Current investments50/53 | €0 | €0 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €51k | €102k | €72k | €65k | €46k | ▼ 29.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €113k | €223k | €223k | €196k | €149k | ▼ 24.0% |
| Equity10/15 | €101k | €133k | €146k | €146k | €90k | ▼ 38.7% |
| Contributions10/11 | €1 | €1 | - | €1 | €1 | = |
| Profit (loss) carried forward14 | €101k | €133k | €146k | €146k | €90k | ▼ 38.7% |
| Amounts payable17/49 | €12k | €89k | €77k | €50k | €60k | ▲ 19.2% |
| Amounts payable after more than one year17 | - | €22k | €28k | €19k | €9k | ▼ 51.3% |
| Financial debts170/4 | - | - | - | €19k | €9k | ▼ 51.3% |
| Amounts payable within one year42/48 | €12k | €68k | €49k | €31k | €51k | ▲ 61.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €9k | €10k | ▲ 1.6% |
| Financial debts43 | - | - | - | - | €19k | - |
| Credit institutions430/8 | - | - | - | - | €19k | - |
| Trade debts44 | €2k | €50k | €26k | €4k | €20k | ▲ 423% |
| Suppliers440/4 | - | - | - | €4k | €20k | ▲ 423% |
| Taxes, remuneration and social security45 | - | - | - | €18k | €2k | ▼ 89.1% |
| Taxes450/3 | - | - | - | €18k | €2k | ▼ 88.8% |
| Remuneration and social security454/9 | - | - | - | €486 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58k | €33k | €13k | €211 | €-57k | ▼ 26,903% |
| + Depreciation and write-downs630 | €5k | €8k | €13k | €14k | €8k | ▼ 40.0% |
| Operating cash flow (approximation) | €63k | €41k | €25k | €14k | €-48k | ▼ 446% |
| Investment in fixed assets (approximation) | - | €-36k | €-31k | €0 | €15k | - |
| Change in cash | - | €52k | €-30k | €-7k | €-19k | ▼ 170% |
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
2026
06-02
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 03-02-2026
2024
01-07
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 25-06-2024
2023
07-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 68 days late
2022
31-12
Financial
Weakest financial yearnet €-57k
Net result drops to €-57k, the lowest in the series.
25-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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 | NATHALIE TAEYMANS CUYLITSSTRAAT 48,
2018 ANTWERPEN 1 |
25-06-2024 → 03-02-2026 |