AMADEUS
InactiveAMADEUS was declared bankrupt on 15-09-2022 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 16-01-2024, published in the Belgian State Gazette on 01-02-2024.
Summary
Inactive; last annual accounts for fiscal year 2021.
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 30-09-2022, 4 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
30-09-2022 close30-04-2023 deadline26-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 30-09-2021 was due by 30-04-2022 and was filed on 11-08-2022, 103 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
103 d late
2020
468 d late
2019
273 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2021, micro schema
Turnover
€124,006▼ 53.9%
2020 · €268,807
EBIT margin
13.5%▲ 5.4pp
2020 · 8.1%
Net result
€15,916▼ 16.8%
2020 · €19,139
Working capital
-€47,302▲ 14.5%
2020 · -€55,346
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
Line2018201920202021
Turnover€268,807€124,006▼ 53.9%
Operating result-€1,912--€78,749▼ 4,019%€21,815€16,761▼ 23.2%
Net result-€6,142--€81,844▼ 1,233%€19,139€15,916▼ 16.8%
EBIT margin8.1%13.5%▲ 5.4pp
Equity€48,128--€33,716-€14,576▲ 56.8%€1,339
Total assets€158,249-€116,587▼ 26.3%€100,928▼ 13.4%€102,341▲ 1.4%
Debt€110,121-€150,303▲ 36.5%€115,504▼ 23.2%€101,002▼ 12.6%
Working capital-€2,391--€69,367▼ 2,801%-€55,346▲ 20.2%-€47,302▲ 14.5%
Staff (FTE)3
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 2021; 2021 is 23% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €102,341
Fixed assets
€55,261 =
Current assets
€47,080 ▲ 3.1%
Equity and liabilities €102,341
Equity
€1,339
Debt
€101,002
Debt finances 98.7% of the balance-sheet total.
Key figures and ratios
Current ratio
0.50▲
2020 · 0.45
Quick ratio
0.49▲
2020 · 0.45
Debt to equity
75.42▲
2020 · -7.92
ROA
15.6%▼
2020 · 19.0%
Debt ≤ 1 year
€94,382▼
2020 · €101,013
Debt > 1 year
€6,620▼
2020 · €14,491
Staff costs
€27,748▼
2020 · €50,823
A ratio outside any meaningful range has been withheld (balance sheet total €102,341, equity €1,339).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | - | €268,807 | €124,006 | ▼ 53.9% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €185,919 | €79,359 | ▼ 57.3% |
| Remuneration, social security and pensions62 | - | - | €50,823 | €27,748 | ▼ 45.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,741 | €27,213 | €27,005 | - | - |
| Other operating charges640/8 | - | - | €1,345 | €138 | ▼ 89.8% |
| Gross operating margin9900 | €76,426 | €34,910 | €100,988 | €44,647 | ▼ 55.8% |
| Operating profit (loss)9901 | -€1,912 | -€78,749 | €21,815 | €16,761 | ▼ 23.2% |
| Recurring financial income75 | €307 | €152 | - | - | - |
| Financial charges65/66B | - | - | €2,676 | €846 | ▼ 68.4% |
| Recurring financial charges65 | €4,603 | €3,247 | €2,676 | €846 | ▼ 68.4% |
| Profit (loss) for the period before taxes9903 | -€6,208 | -€81,844 | €19,139 | €15,916 | ▼ 16.8% |
| Income taxes67/77 | -€66 | - | - | - | - |
| Profit (loss) for the period9904 | -€6,142 | -€81,844 | €19,139 | €15,916 | ▼ 16.8% |
| Profit (loss) for the period to be appropriated9905 | -€6,142 | -€81,844 | €19,139 | €15,916 | ▼ 16.8% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €158,249 | €116,587 | €100,928 | €102,341 | ▲ 1.4% |
| Fixed assets21/28 | €96,482 | €78,092 | €55,261 | €55,261 | = |
| Tangible fixed assets22/27 | €88,432 | €70,042 | €47,211 | €47,211 | = |
| Plant, machinery and equipment23 | - | - | €16,268 | €16,268 | = |
| Furniture and vehicles24 | - | - | €29,973 | €29,973 | = |
| Other tangible fixed assets26 | - | - | €970 | €970 | = |
| Financial fixed assets28 | €8,050 | €8,050 | €8,050 | €8,050 | = |
| Current assets29/58 | €61,767 | €38,495 | €45,667 | €47,080 | ▲ 3.1% |
| Stocks and contracts in progress3 | €6,651 | €3,765 | €685 | €937 | ▲ 36.7% |
| Stocks30/36 | - | - | €685 | €937 | ▲ 36.7% |
| Amounts receivable within one year40/41 | €23,351 | €27,713 | €28,465 | €10,263 | ▼ 63.9% |
| Trade receivables40 | - | - | €22,382 | €8,617 | ▼ 61.5% |
| Other amounts receivable41 | - | - | €6,083 | €1,646 | ▼ 72.9% |
| Cash at bank and in hand54/58 | €31,765 | €7,017 | €16,517 | €35,881 | ▲ 117% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €158,249 | €116,587 | €100,928 | €102,341 | ▲ 1.4% |
| Equity10/15 | €48,128 | -€33,716 | -€14,576 | €1,339 | ▲ 109% |
| Contributions10/11 | €18,592 | €18,592 | €18,593 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | - | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | €27,677 | -€54,167 | -€35,028 | -€19,112 | ▲ 45.4% |
| Amounts payable17/49 | €110,121 | €150,303 | €115,504 | €101,002 | ▼ 12.6% |
| Amounts payable after more than one year17 | €45,963 | €42,441 | €14,491 | €6,620 | ▼ 54.3% |
| Financial debts170/4 | - | - | €14,491 | €6,620 | ▼ 54.3% |
| Amounts payable within one year42/48 | €64,158 | €107,862 | €101,013 | €94,382 | ▼ 6.6% |
| Current portion of amounts payable after more than one year42 | - | - | €27,949 | €7,872 | ▼ 71.8% |
| Trade debts44 | €21,479 | €44,108 | €47,152 | €40,150 | ▼ 14.8% |
| Suppliers440/4 | - | - | €47,152 | €40,150 | ▼ 14.8% |
| Taxes, remuneration and social security45 | - | - | €16,331 | €16,574 | ▲ 1.5% |
| Taxes450/3 | - | - | €9,083 | €2,111 | ▼ 76.8% |
| Remuneration and social security454/9 | - | - | €7,248 | €14,463 | ▲ 99.5% |
| Other amounts payable47/48 | - | - | €9,581 | €29,785 | ▲ 211% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,142 | -€81,844 | €19,139 | €15,916 | ▼ 16.8% |
| + Depreciation and write-downs630 | €26,741 | €27,213 | €27,005 | - | - |
| Operating cash flow (approximation) | €20,599 | -€54,631 | €46,144 | €15,916 | ▼ 65.5% |
| Investment in fixed assets (approximation) | - | -€8,823 | -€4,174 | €0 | ▲ 100% |
| Change in cash | - | -€24,748 | €9,500 | €19,364 | ▲ 104% |
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
01-02
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 16-01-2024
2022
21-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 15-09-2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 103 days late
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 468 days late
2021
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 273 days late
2020
30-09
Financial
Back to profitnet €19,139
Net result €19,139 after 2 loss-making years.
2019
30-09
Financial
Weakest financial yearnet -€81,844
Net result drops to -€81,844, the lowest in the series.
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
10-04
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
25-04
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
12-04
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
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 | FILIP SELS HEMELSTRAAT 3, 2018 ANTWERPEN 1- |
15-09-2022 → 16-01-2024 |