ASSEC
InactiveASSEC was declared bankrupt on 19-01-2023 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 17-02-2026, published in the Belgian State Gazette on 23-02-2026.
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 30-09-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 8 filingsPosition against the passed deadline
30-09-2021 close30-04-2022 deadline29-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-09-2020 was due by 30-04-2021 and was filed on 02-06-2021, 33 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 filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
33 d late
2019
58 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 13 days before 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
€161,032▲ 60.1%
2019 · €100,613
EBIT margin
-29.2%▼ 6.5pp
2019 · -22.8%
Net result
-€47,311▼ 104%
2019 · -€23,139
Working capital
-€69,710▼ 535%
2019 · -€10,983
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
Line20192020
Turnover€100,613-€161,032▲ 60.1%
Operating result-€22,896--€47,052▼ 106%
Net result-€23,139--€47,311▼ 104%
EBIT margin-22.8%--29.2%▼ 6.5pp
Equity-€10,983--€58,295▼ 431%
Total assets€94,256-€107,509▲ 14.1%
Debt€105,239-€165,803▲ 57.5%
Working capital-€10,983--€69,710▼ 535%
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 stays negative: a loss of €47,052 in 2020 against €22,896 in 2019; the loss grows.
Balance-sheet composition
Assets €107,509
Fixed assets
€11,415
Current assets
€96,093
Key figures and ratios
EBITDA
-€44,198
Cash flow
-€44,458
Solvency
-54.2%▼
2019 · -11.7%
Current ratio
0.58▼
2019 · 0.90
ROA
-44.0%▼
2019 · -24.5%
Debt ≤ 1 year
€165,803▲
2019 · €105,239
Income taxes
€42
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Turnover70 | €100,613 | €161,032 | ▲ 60.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €2,854 | - |
| Gross operating margin9900 | -€21,396 | -€23,415 | ▼ 9.4% |
| Operating profit (loss)9901 | -€22,896 | -€47,052 | ▼ 106% |
| Recurring financial charges65 | €243 | €218 | ▼ 10.4% |
| Profit (loss) for the period before taxes9903 | -€23,139 | -€47,270 | ▼ 104% |
| Income taxes67/77 | - | €42 | - |
| Profit (loss) for the period9904 | -€23,139 | -€47,311 | ▼ 104% |
| Profit (loss) for the period to be appropriated9905 | -€23,139 | -€47,311 | ▼ 104% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €94,256 | €107,509 | ▲ 14.1% |
| Fixed assets21/28 | - | €11,415 | - |
| Tangible fixed assets22/27 | - | €11,415 | - |
| Current assets29/58 | €94,256 | €96,093 | ▲ 1.9% |
| Amounts receivable within one year40/41 | €86,474 | €84,484 | ▼ 2.3% |
| Cash at bank and in hand54/58 | €7,782 | €11,609 | ▲ 49.2% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €94,256 | €107,509 | ▲ 14.1% |
| Equity10/15 | -€10,983 | -€58,295 | ▼ 431% |
| Contributions10/11 | €6,200 | €6,200 | = |
| Reserves13 | €2,889 | €2,889 | = |
| Profit (loss) carried forward14 | -€20,072 | -€67,384 | ▼ 236% |
| Amounts payable17/49 | €105,239 | €165,803 | ▲ 57.5% |
| Amounts payable within one year42/48 | €105,239 | €165,803 | ▲ 57.5% |
| Trade debts44 | €100,685 | €156,297 | ▲ 55.2% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€23,139 | -€47,311 | ▼ 104% |
| + Depreciation and write-downs630 | - | €2,854 | - |
| Operating cash flow (approximation) | -€23,139 | -€44,458 | ▼ 92.1% |
| Change in cash | - | €3,828 | - |
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
23-02
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 17-02-2026
2023
25-01
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 19-01-2023
2021
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 33 days late
2020
03-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
10-04
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 04-04-2019
01-03
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 21-02-2019
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2016
28-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
30-04
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
02-05
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 2 days late
2013
30-04
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
08-05
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 8 days late
SignalNBB filing
0 of 7 acts read
About the unread acts
We know of 7 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
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
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | STéPHANE VAN MOORLEGHEM MECHELSE-
STEENWEG 271/8.1, 2018 ANTWERPEN 1 |
19-01-2023 → 17-02-2026 |
| Curator | KRISTIAAN PATROONS MECHELSESTEENWEG 12
BUS 8, 2000 ANTWERPEN 1 |
21-02-2019 → 04-04-2019 |