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AUTO TECHNIC

Open bankruptcy
Private limited company (pre-2019)founded 1999Birminghamstraat 99, 1080 Sint-Jans-Molenbeek, BelgiumKBO/BCE: BE 0466.010.863

A bankruptcy procedure is open for AUTO TECHNIC according to publications in the Belgian Official Gazette; trustee: MéLANIE Valles Ruis.

Summary

The 2019 annual accounts show negative equity (-€100,482) and a net result of €7,155.

AUTO TECHNICOpen bankruptcy

Financials · financial year 2019, micro format

2019 annual accounts filed late (244 days) Filed on 1 April 2021, deadline 31 July 2020 (7 months after the close on 31 December 2019, Companies Code art. 3:10). Source: NBB, 2021-09400600.

Equity
-€100,482▲ 6.6%
2018 · -€107,637
Total assets
€6,342▼ 2.7%
2018 · €6,515
Net result
€7,155
2018 · -€14,480
Working capital
-€80,667▲ 10.1%
2018 · -€89,772
Trend over the years

2018 to 2019, 2 financial years 2018 to 2019, 2 financial years

The operating result returns to profit in 2019: €7,155 after a loss of €14,480 in 2018.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€7,155 2019 Net result€7,155 2019

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20182019
Operating result-€14,480-€7,155
Net result-€14,480-€7,155
Equity-€107,637--€100,482▲ 6.6%
Total assets€6,515-€6,342▼ 2.7%
Debt€114,152-€106,824▼ 6.4%
Working capital-€89,772--€80,667▲ 10.1%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €6,342
Fixed assets €185 ▼ 91.3%
Current assets €6,157 ▲ 40.6%
Equity and liabilities
Equity-€100,482
Debt€106,824
Equity is negative: debt (€106,824) exceeds the balance-sheet total (€6,342).
Key figures and ratios
2019 value · change against 2018
EBITDA
€9,105▲
2018 · -€12,530
Cash flow
€9,105▲
2018 · -€12,530
Current ratio
0.07▲
2018 · 0.05
Quick ratio
0.00▼
2018 · 0.04
ROA
112.8%▲
2018 · -222.3%
Debt ≤ 1 year
€86,824▼
2018 · €94,152
Debt > 1 year
€20,000=
2018 · €20,000
A ratio outside any meaningful range has been withheld (balance sheet total €6,342, equity -€100,482).
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2019 against 2018 · 23 lines
Balance sheet Code20182019
Assets
Total assets20/58€6,515€6,342▼
Fixed assets21/28€2,135€185▼
Tangible fixed assets22/27€1,950-
Financial fixed assets28€185€185=
Current assets29/58€4,380€6,157▲
Stocks and contracts in progress3€604€5,757▲
Amounts receivable within one year40/41€1,806-
Cash at bank and in hand54/58€1,970€400▼
Equity and liabilities
Total equity and liabilities10/49€6,515€6,342▼
Equity10/15-€107,637-€100,482▲
Contributions10/11€18,592€18,592=
Reserves13€16,859€16,859=
Profit (loss) carried forward14-€143,088-€135,933▲
Amounts payable17/49€114,152€106,824▼
Amounts payable after more than one year17€20,000€20,000=
Amounts payable within one year42/48€94,152€86,824▼
Trade debts44€309€2,364▲
Income statement Code20182019
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,950€1,950=
Gross operating margin9900-€12,530€9,105▲
Operating profit (loss)9901-€14,480€7,155▲
Profit (loss) for the period before taxes9903-€14,480€7,155▲
Profit (loss) for the period9904-€14,480€7,155▲
Profit (loss) for the period to be appropriated9905-€14,480€7,155▲
Line20182019Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,950€1,950=
Gross operating margin9900-€12,530€9,105-
Operating profit (loss)9901-€14,480€7,155-
Profit (loss) for the period before taxes9903-€14,480€7,155-
Profit (loss) for the period9904-€14,480€7,155-
Profit (loss) for the period to be appropriated9905-€14,480€7,155-
Line20182019Change
Assets
Total assets20/58€6,515€6,342▼ 2.7%
Fixed assets21/28€2,135€185▼ 91.3%
Tangible fixed assets22/27€1,950--
Financial fixed assets28€185€185=
Current assets29/58€4,380€6,157▲ 40.6%
Stocks and contracts in progress3€604€5,757▲ 853%
Amounts receivable within one year40/41€1,806--
Cash at bank and in hand54/58€1,970€400▼ 79.7%
Equity and liabilities
Total equity and liabilities10/49€6,515€6,342▼ 2.7%
Equity10/15-€107,637-€100,482▲ 6.6%
Contributions10/11€18,592€18,592=
Reserves13€16,859€16,859=
Profit (loss) carried forward14-€143,088-€135,933▲ 5.0%
Amounts payable17/49€114,152€106,824▼ 6.4%
Amounts payable after more than one year17€20,000€20,000=
Amounts payable within one year42/48€94,152€86,824▼ 7.8%
Trade debts44€309€2,364▲ 665%
Line20182019Change
Profit (loss) for the period9904-€14,480€7,155-
+ Depreciation and write-downs630€1,950€1,950=
Operating cash flow (approximation)-€12,530€9,105-
Investment in fixed assets (approximation)-€0-
Change in cash--€1,570-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 19 filings with the National Bank
Financial year Type Filed Reference
31-12-2019 micro format 01-04-2021 2021-09400600
31-12-2018 micro format 01-04-2021 2021-09400599
31-12-2017 micro format 01-04-2021 2021-09400597
31-12-2016 micro format 17-09-2018 2018-63400070
31-12-2015 full format 18-08-2016 2016-46200400
31-12-2014 full format 30-09-2015 2015-62100451
31-12-2011 full format 30-08-2012 2012-55600361
31-12-2010 full format 30-09-2011 2011-56600417
31-12-2009 full format 30-09-2010 2010-56200095
31-12-2008 full format 05-03-2010 2010-06400086

Show all 19 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.