ALWAYS SAY IT
InactiveALWAYS SAY IT was declared bankrupt on 02-04-2024 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 20-05-2025, published in the Belgian State Gazette on 30-05-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2022.
Signals
Four 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 · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline20-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 20-01-2023, 192 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
192 d early
2021
71 d late
2020
436 d late
2019
153 d late
← before the deadline
after the deadline →
Financials · fiscal year 2022, full schema
Turnover
€1.32M▲ 104%
2021 · €648k
2020: €535k
2021: €648k
2020 → 2022
EBIT margin
9.6%▲ 0.6pp
2021 · 9.0%
2020: 9.8%
2021: 9.0%
2020 → 2022
Net result
€125k▲ 118%
2021 · €57k
2019: €-4k
2020: €52k
2021: €57k
2019 → 2022
Working capital
€207k▲ 79.6%
2021 · €115k
2019: €16k
2020: €52k
2021: €115k
2019 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212022Trend
Turnover€535k€648k▲ 21.1%€1.32M▲ 104%
Equity€16k-€68k▲ 320%€126k▲ 84.1%€251k▲ 99.5%
Operating result€-3k-€53k€58k▲ 10.4%€126k▲ 117%
Net result€-4k-€52k€57k▲ 10.4%€125k▲ 118%
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2022 is 117% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €325k
Fixed assets
€44k▲ 321%
Current assets
€281k▲ 110%
Equity and liabilities €325k
Equity
€251k▲ 99.5%
Debt
€74k▲ 308%
The debt ratio rises from 12.5% to 22.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€153k▲
2021 · €66k
Cash flow
€152k▲
2021 · €65k
Solvency
77.4%▼
2021 · 87.5%
Current ratio
3.82▼
2021 · 7.41
Quick ratio
3.25▼
2021 · 5.99
Debt / equity
0.29▲
2021 · 0.14
ROE
49.9%▲
2021 · 45.7%
ROA
38.6%▼
2021 · 40.0%
Interest coverage
171.06▲
2021 · 111.05
Debt
€74k▲
2021 · €18k
Debt ≤ 1 year
€74k▲
2021 · €18k
Staff costs
€334k▲
2021 · €164k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€144k€325k▲
Fixed assets21/28€10k€44k▲
Tangible fixed assets22/27€10k€44k▲
Plant, machinery and equipment23€7k€20k▲
Furniture and vehicles24€3k€23k▲
Current assets29/58€133k€281k▲
Stocks and contracts in progress3€26k€42k▲
Stocks30/36€26k€42k▲
Amounts receivable within one year40/41€36k€68k▲
Trade receivables40€36k€68k▲
Cash at bank and in hand54/58€71k€167k▲
Deferred charges and accrued income490/1€1k€4k▲
Equity and liabilities
Total equity and liabilities10/49€144k€325k▲
Equity10/15€126k€251k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133-€2k
Profit (loss) carried forward14€105k€231k▲
Amounts payable17/49€18k€74k▲
Amounts payable within one year42/48€18k€74k▲
Trade debts44€14k€56k▲
Suppliers440/4€14k€56k▲
Taxes, remuneration and social security45€4k€17k▲
Remuneration and social security454/9€4k€17k▲
Income statement
Code20212022
Turnover70€648k€1.32M▲
Goods, raw materials, services and sundry goods60/61€416k€830k▲
Remuneration, social security and pensions62€164k€334k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€27k▲
Other operating charges640/8€3k€3k▲
Gross operating margin9900€232k€490k▲
Operating profit (loss)9901€58k€126k▲
Financial charges65/66B€590€894▲
Recurring financial charges65€590€894▲
Profit (loss) for the period before taxes9903€57k€125k▲
Profit (loss) for the period9904€57k€125k▲
Profit (loss) for the period to be appropriated9905€57k€125k▲
Appropriation of the result
Profit (loss) to be appropriated9906€105k€231k▲
Profit (loss) brought forward from the previous period14P€48k€105k▲
Social balance
Average headcount (FTE)90871.0-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-05
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · ALWAYS SAY IT BV LOUIS METTEWIELAAN 81, 1080 SINT-JANS-MOLENBEEK · event 20-05-2025
2024
13-05
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · ALWAYS SAY IT BV LOUIS METTEWIELAAN 81, 1080 SINT-JANS-MOLENBEEK · event 02-04-2024
2023
20-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2019net €125k ▲118%
Operating result €126k, net result €125k, both a record.
31-12
Financial
Equity above €200kEq €251k ▲99.5%
3 profitable years in a row build equity to €251k.
10-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 71 days late
10-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 436 days late
2021
31-12
Financial
Liquidity quadruplescurrent ratio 7.41
Current ratio from 2.09 to 7.41; short-term debt falls from €48k to €18k.
31-12
Financial
Equity above €100kEq €126k ▲84.1%
2 profitable years in a row build equity to €126k.
2020
31-12
Financial
Back to profitnet €52k
Net result €52k after one loss-making year.
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 153 days late
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 122 days late
2017
31-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 153 days late
2015
30-11
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 122 days late
2014
30-09
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 61 days late
2013
31-10
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 92 days late
2012
31-08
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PATRICK SCHRUERS LUCHTHAVENLAAN 27 BUS 38,
1800 VILVOORDE |
02-04-2024 → present |