ALSE
InactiveALSE was declared bankrupt on 16-01-2024 (Ondernemingsrechtbank Antwerpen, afdeling Turnhout); the bankruptcy was closed for insufficient assets by judgment of 22-10-2024, published in the Belgian State Gazette on 28-10-2024.
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 · 5 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 21-09-2021, 52 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
52 d late
2019
9 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 22 days after 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, micro schema
Turnover
€151,757▼ 13.5%
2018 · €175,506
EBIT margin
1.1%▼ 2.6pp
2018 · 3.7%
Net result
-€8,152
2019 · €1,268
Working capital
€18,611▼ 24.6%
2019 · €24,686
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
Turnover€175,506-€151,757▼ 13.5%
Operating result€6,528-€1,721▼ 73.6%-€8,018
Net result€5,019-€1,268▼ 74.7%-€8,152
EBIT margin3.7%-1.1%▼ 2.6pp
Equity€27,141-€28,410▲ 4.7%€20,258▼ 28.7%
Total assets€30,987-€31,545▲ 1.8%€32,582▲ 3.3%
Debt€3,845-€3,135▼ 18.5%€12,324▲ 293%
Working capital€21,190-€24,686▲ 16.5%€18,611▼ 24.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €8,018 after €1,721 in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €32,582
Fixed assets
€1,647 ▼ 55.8%
Current assets
€30,935 ▲ 11.2%
Equity and liabilities €32,582
Equity
€20,258 ▼ 28.7%
Debt
€12,324 ▲ 293%
Debt's share of the balance-sheet total rises from 9.9% to 37.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€4,440▼
2019 · €4,999
Cash flow
-€4,574▼
2019 · €4,546
Current ratio
2.51▼
2019 · 8.87
Quick ratio
2.12▼
2019 · 7.77
ROE
-40.2%▼
2019 · 4.5%
ROA
-25.0%▼
2019 · 4.0%
Debt ≤ 1 year
€12,324▲
2019 · €3,135
Income taxes
€89▼
2019 · €395
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 |
|---|---|---|---|---|
| Turnover70 | €175,506 | €151,757 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,278 | €3,278 | €3,578 | ▲ 9.2% |
| Gross operating margin9900 | €10,123 | €5,173 | -€3,938 | ▼ 176% |
| Operating profit (loss)9901 | €6,528 | €1,721 | -€8,018 | ▼ 566% |
| Recurring financial charges65 | €127 | €58 | €45 | ▼ 22.6% |
| Profit (loss) for the period before taxes9903 | €6,401 | €1,663 | -€8,063 | ▼ 585% |
| Income taxes67/77 | €1,382 | €395 | €89 | ▼ 77.4% |
| Profit (loss) for the period9904 | €5,019 | €1,268 | -€8,152 | ▼ 743% |
| Profit (loss) for the period to be appropriated9905 | €5,019 | €1,268 | -€8,152 | ▼ 743% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €30,987 | €31,545 | €32,582 | ▲ 3.3% |
| Fixed assets21/28 | €7,001 | €3,724 | €1,647 | ▼ 55.8% |
| Tangible fixed assets22/27 | €7,001 | €3,724 | €1,647 | ▼ 55.8% |
| Current assets29/58 | €23,986 | €27,821 | €30,935 | ▲ 11.2% |
| Stocks and contracts in progress3 | €3,801 | €3,450 | €4,821 | ▲ 39.7% |
| Amounts receivable within one year40/41 | €7,281 | €14,690 | €18,984 | ▲ 29.2% |
| Cash at bank and in hand54/58 | €12,447 | €5,184 | €3,283 | ▼ 36.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €30,987 | €31,545 | €32,582 | ▲ 3.3% |
| Equity10/15 | €27,141 | €28,410 | €20,258 | ▼ 28.7% |
| Contributions10/11 | €18,600 | €18,600 | - | - |
| Reserves13 | €427 | €490 | €490 | = |
| Profit (loss) carried forward14 | €8,114 | €9,319 | €1,168 | ▼ 87.5% |
| Amounts payable17/49 | €3,845 | €3,135 | €12,324 | ▲ 293% |
| Amounts payable within one year42/48 | €2,795 | €3,135 | €12,324 | ▲ 293% |
| Trade debts44 | €1,408 | €2,425 | €11,444 | ▲ 372% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,019 | €1,268 | -€8,152 | ▼ 743% |
| + Depreciation and write-downs630 | €3,278 | €3,278 | €3,578 | ▲ 9.2% |
| Operating cash flow (approximation) | €8,297 | €4,546 | -€4,574 | ▼ 201% |
| Investment in fixed assets (approximation) | - | €0 | -€1,501 | - |
| Change in cash | - | -€7,263 | -€1,901 | ▲ 73.8% |
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
28-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 22-10-2024
29-01
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 16-01-2024
2021
21-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 52 days late
2020
31-12
Financial
Weakest financial yearnet -€8,152
Net result drops to -€8,152, the lowest in the series.
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
28-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 272 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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 | SENNE DRAULANS VEERLESEWEG 2 BUS 1, 2440 GEEL- |
16-01-2024 → 22-10-2024 |