ALTIN
InactiveALTIN was declared bankrupt on 07-04-2022 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 13-12-2022, published in the Belgian State Gazette on 19-12-2022.
Summary
Inactive; last annual accounts for fiscal year 2017.
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 31-12-2017. Since then, 8 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 2 filingsPosition against the passed deadline
31-12-2018 close31-07-2019 deadline30-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 30-08-2018, 30 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filings
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 2017, micro schema
Turnover
€78,589▼ 44.4%
2016 · €141,245
EBIT margin
0.3%▼ 2.0pp
2016 · 2.2%
Net result
-€437
2016 · €3,004
Working capital
€21,678▲ 6.9%
2016 · €20,286
Trend over the years
In euros
In per cent
In euros
No line ticked in this group.
In per cent
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
Line20162017
Turnover€141,245-€78,589▼ 44.4%
Operating result€3,178-€203▼ 93.6%
Net result€3,004--€437
EBIT margin2.2%-0.3%▼ 2.0pp
Equity€21,604-€21,166▼ 2.0%
Total assets€27,713-€24,417▼ 11.9%
Debt€6,110-€3,251▼ 46.8%
Working capital€20,286-€21,678▲ 6.9%
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 2017; 2017 is 94% below 2016.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Equity and liabilities €24,417
Equity
€21,166 ▼ 2.0%
Debt
€3,251 ▼ 46.8%
Debt's share of the balance-sheet total falls from 22.0% to 13.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€407▼
2016 · €3,382
Cash flow
-€233▼
2016 · €3,208
Current ratio
11.20▲
2016 · 4.32
ROE
-2.1%▼
2016 · 13.9%
ROA
-1.8%▼
2016 · 10.8%
Debt ≤ 1 year
€2,126▼
2016 · €6,110
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2016 | 2017 | Change |
|---|---|---|---|
| Turnover70 | €141,245 | €78,589 | ▼ 44.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €204 | €204 | ▼ 0.2% |
| Gross operating margin9900 | €6,277 | €1,569 | ▼ 75.0% |
| Operating profit (loss)9901 | €3,178 | €203 | ▼ 93.6% |
| Recurring financial income75 | €0 | €972 | - |
| Recurring financial charges65 | €174 | €1,612 | ▲ 825% |
| Profit (loss) for the period before taxes9903 | €3,004 | -€437 | ▼ 115% |
| Income taxes67/77 | €0 | - | - |
| Profit (loss) for the period9904 | €3,004 | -€437 | ▼ 115% |
| Profit (loss) for the period to be appropriated9905 | €3,004 | -€437 | ▼ 115% |
| Line | 2016 | 2017 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €27,713 | €24,417 | ▼ 11.9% |
| Formation expenses20 | €818 | €613 | ▼ 25.0% |
| Fixed assets21/28 | €500 | - | - |
| Intangible fixed assets21 | €0 | - | - |
| Tangible fixed assets22/27 | €0 | - | - |
| Financial fixed assets28 | €500 | €0 | ▼ 100% |
| Current assets29/58 | €26,396 | €23,804 | ▼ 9.8% |
| Stocks and contracts in progress3 | €0 | - | - |
| Amounts receivable within one year40/41 | €1,596 | €22,310 | ▲ 1,297% |
| Current investments50/53 | €0 | - | - |
| Cash at bank and in hand54/58 | €24,799 | €1,305 | ▼ 94.7% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €27,713 | €24,417 | ▼ 11.9% |
| Equity10/15 | €21,604 | €21,166 | ▼ 2.0% |
| Contributions10/11 | €18,600 | €18,600 | = |
| Reserves13 | €300 | €300 | ▼ 0.1% |
| Profit (loss) carried forward14 | €2,703 | €2,266 | ▼ 16.2% |
| Provisions and deferred taxes16 | €0 | - | - |
| Amounts payable17/49 | €6,110 | €3,251 | ▼ 46.8% |
| Amounts payable after more than one year17 | €0 | - | - |
| Amounts payable within one year42/48 | €6,110 | €2,126 | ▼ 65.2% |
| Trade debts44 | €4,949 | €1,335 | ▼ 73.0% |
| Line | 2016 | 2017 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €3,004 | -€437 | ▼ 115% |
| + Depreciation and write-downs630 | €204 | €204 | ▼ 0.2% |
| Operating cash flow (approximation) | €3,208 | -€233 | ▼ 107% |
| Change in cash | - | -€23,494 | - |
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
2022
19-12
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 13-12-2022
13-04
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 07-04-2022
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-12
Financial
Liquidity triplescurrent ratio 11.20
Current ratio from 4.32 to 11.20; short-term debt falls from €6,110 to €2,126.
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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 | YVES DESUTTER EIKENSTRAAT 80, 2840 RUMST- |
07-04-2022 → 13-12-2022 |