AWAC
InactiveAWAC was declared bankrupt on 03-04-2023 (Tribunal de l’entreprise du Brabant wallon); the bankruptcy was closed for insufficient assets by judgment of 19-02-2026, published in the Belgian State Gazette on 26-02-2026.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline28-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 07-11-2022, 464 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 confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
464 d late
2019
782 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 623 days after 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
€139,501
EBIT margin
12.4%
Net result
-€37,286
2019 · €12,406
Working capital
€19,063▼ 62.0%
2019 · €50,142
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
Line201820192020
Turnover€139,501-
Operating result€17,333-€20,027▲ 15.5%-€19,076
Net result€13,121-€12,406▼ 5.4%-€37,286
EBIT margin12.4%-
Equity€55,742-€68,149▲ 22.3%€30,863▼ 54.7%
Total assets€93,149-€81,166▼ 12.9%€46,367▼ 42.9%
Debt€37,406-€13,018▼ 65.2%€15,504▲ 19.1%
Working capital€35,104-€50,142▲ 42.8%€19,063▼ 62.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €19,076 after €20,027 in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €46,367
Fixed assets
€11,800 ▼ 42.3%
Current assets
€34,566 ▼ 43.1%
Equity and liabilities €46,367
Equity
€30,863 ▼ 54.7%
Debt
€15,504 ▲ 19.1%
Debt's share of the balance-sheet total rises from 16.0% to 33.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€10,441▼
2019 · €34,702
Cash flow
-€28,651▼
2019 · €27,081
Current ratio
2.23▼
2019 · 5.73
Debt to equity
0.50▲
2019 · 0.19
ROE
-120.8%▼
2019 · 18.2%
ROA
-80.4%▼
2019 · 15.3%
Interest coverage
-20.50▼
2019 · 28.37
Debt ≤ 1 year
€15,504▲
2019 · €10,590
Income taxes
€17,701▲
2019 · €6,796
Staff costs
-€35
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Turnover70 | €139,501 | - | - | - |
| Remuneration, social security and pensions62 | - | - | -€35 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,134 | €14,675 | €8,635 | ▼ 41.2% |
| Other operating charges640/8 | - | €426 | - | - |
| Gross operating margin9900 | €29,633 | €35,128 | -€10,477 | ▼ 130% |
| Operating profit (loss)9901 | €17,333 | €20,027 | -€19,076 | ▼ 195% |
| Financial income75/76B | - | €399 | - | - |
| Recurring financial income75 | €69 | €399 | - | - |
| Financial charges65/66B | - | €1,223 | €509 | ▼ 58.4% |
| Recurring financial charges65 | €3,447 | €1,223 | €509 | ▼ 58.4% |
| Profit (loss) for the period before taxes9903 | €13,955 | €19,202 | -€19,585 | ▼ 202% |
| Income taxes67/77 | €834 | €6,796 | €17,701 | ▲ 160% |
| Profit (loss) for the period9904 | €13,121 | €12,406 | -€37,286 | ▼ 401% |
| Profit (loss) for the period to be appropriated9905 | €13,121 | €12,406 | -€37,286 | ▼ 401% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €93,149 | €81,166 | €46,367 | ▼ 42.9% |
| Fixed assets21/28 | €23,667 | €20,435 | €11,800 | ▼ 42.3% |
| Tangible fixed assets22/27 | €23,667 | €20,435 | €11,800 | ▼ 42.3% |
| Land and buildings22 | - | €0 | - | - |
| Plant, machinery and equipment23 | - | €7,673 | €3,425 | ▼ 55.4% |
| Furniture and vehicles24 | - | €12,762 | €8,375 | ▼ 34.4% |
| Current assets29/58 | €69,482 | €60,732 | €34,566 | ▼ 43.1% |
| Amounts receivable within one year40/41 | €2,463 | €33,634 | €26,922 | ▼ 20.0% |
| Trade receivables40 | - | €12,290 | €1,926 | ▼ 84.3% |
| Other amounts receivable41 | - | €21,344 | €24,996 | ▲ 17.1% |
| Cash at bank and in hand54/58 | €61,455 | €26,961 | €7,644 | ▼ 71.6% |
| Deferred charges and accrued income490/1 | - | €136 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €93,149 | €81,166 | €46,367 | ▼ 42.9% |
| Equity10/15 | €55,742 | €68,149 | €30,863 | ▼ 54.7% |
| Contributions10/11 | €99,157 | €99,157 | €99,157 | = |
| Capital10 | - | €99,157 | €99,157 | = |
| Issued capital100 | - | €99,157 | €99,157 | = |
| Profit (loss) carried forward14 | -€43,415 | -€31,009 | -€68,295 | ▼ 120% |
| Amounts payable17/49 | €37,406 | €13,018 | €15,504 | ▲ 19.1% |
| Amounts payable within one year42/48 | €34,378 | €10,590 | €15,504 | ▲ 46.4% |
| Financial debts43 | - | €11 | €11 | = |
| Credit institutions430/8 | - | €11 | €11 | = |
| Trade debts44 | €12,510 | €2,069 | €1,046 | ▼ 49.4% |
| Suppliers440/4 | - | €2,069 | €1,046 | ▼ 49.4% |
| Taxes, remuneration and social security45 | - | €8,509 | €14,447 | ▲ 69.8% |
| Taxes450/3 | - | €8,509 | €14,447 | ▲ 69.8% |
| Accrued charges and deferred income492/3 | - | €2,428 | - | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,121 | €12,406 | -€37,286 | ▼ 401% |
| + Depreciation and write-downs630 | €12,134 | €14,675 | €8,635 | ▼ 41.2% |
| Operating cash flow (approximation) | €25,255 | €27,081 | -€28,651 | ▼ 206% |
| Investment in fixed assets (approximation) | - | -€11,443 | €0 | ▲ 100% |
| Change in cash | - | -€34,494 | -€19,317 | ▲ 44.0% |
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
26-02
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise du Brabant wallon · event 19-02-2026
2023
07-04
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · event 03-04-2023
2022
07-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 464 days late
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 782 days late
2020
31-12
Financial
Weakest financial yearnet -€37,286
Net result drops to -€37,286, the lowest in the series.
2019
31-12
Financial
Liquidity triplescurrent ratio 5.73
Current ratio from 2.02 to 5.73; short-term debt falls from €34,378 to €10,590.
19-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 111 days late
2018
27-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 119 days late
2017
07-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 38 days late
10-02
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 194 days late
2016
09-05
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 283 days late
2014
14-10
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 75 days late
2013
05-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
06-07
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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 | RODOLPHE DE SAN RUE DE CLAIRVAUX 40,
1348 LOUVAIN-LA-NEUVE |
03-04-2023 → 19-02-2026 |