BBG ACCESS
InactiveBBG ACCESS was declared bankrupt on 13-11-2023 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 19-11-2024, published in the Belgian State Gazette on 29-11-2024.
Summary
Inactive; last annual accounts for fiscal year 2022.
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 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 · 6 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline27-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 04-11-2023, 96 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
96 d late
2021
190 d late
2020
153 d late
2019
280 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 180 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 2022, micro schema
Equity
-€2,555
2021 · €99,349
Total assets
€99,412▼ 60.5%
2021 · €251,812
Net result
-€101,904
2021 · €75,812
Working capital
-€6,704
2021 · €96,845
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
Line20182019202020212022
Operating result€30,177-€110,891▲ 267%-€33,673€78,979-€88,379
Net result€23,202-€88,559▲ 282%-€50,607€75,812-€101,904
Equity€33,185-€61,744▲ 86.1%€23,537▼ 61.9%€99,349▲ 322%-€2,555
Total assets€129,625-€285,623▲ 120%€191,687▼ 32.9%€251,812▲ 31.4%€99,412▼ 60.5%
Debt€96,440-€223,879▲ 132%€168,150▼ 24.9%€152,463▼ 9.3%€101,967▼ 33.1%
Working capital€30,891-€55,101▲ 78.4%€20,236▼ 63.3%€96,845▲ 379%-€6,704
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2022 Total assets -61% on 2021. Cause not known from the registers.
- 2019 Total assets +120% on 2018. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €88,379 after €78,979 in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €99,412
Fixed assets
€4,149 ▲ 65.7%
Current assets
€95,263 ▼ 61.8%
Key figures and ratios
EBITDA
-€86,867▼
2021 · €81,537
Cash flow
-€100,392▼
2021 · €78,370
Solvency
-2.6%▼
2021 · 39.5%
Current ratio
0.93▼
2021 · 1.64
Debt to equity
-39.91▼
2021 · 1.53
ROA
-102.5%▼
2021 · 30.1%
Interest coverage
-76.97▼
2021 · 297.51
Debt ≤ 1 year
€101,967▼
2021 · €152,463
Staff costs
€41,815▼
2021 · €43,365
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 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €43,365 | €41,815 | ▼ 3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €756 | €2,671 | €2,671 | €2,558 | €1,512 | ▼ 40.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €11,158 | - | - |
| Other operating charges640/8 | - | - | - | €398 | €352 | ▼ 11.5% |
| Non-recurring operating charges66A | - | - | - | €20 | €3,148 | ▲ 15,640% |
| Gross operating margin9900 | €162,104 | €258,755 | €17,878 | €136,477 | -€41,552 | ▼ 130% |
| Operating profit (loss)9901 | €30,177 | €110,891 | -€33,673 | €78,979 | -€88,379 | ▼ 212% |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | €8 | - | €0 | - | €0 | - |
| Financial charges65/66B | - | - | - | €274 | €13,525 | ▲ 4,835% |
| Recurring financial charges65 | €1,192 | €1,459 | €1,481 | €274 | €1,129 | ▲ 312% |
| Non-recurring financial charges66B | - | - | - | - | €12,397 | - |
| Profit (loss) for the period before taxes9903 | €28,993 | €109,432 | -€35,154 | €78,705 | -€101,904 | ▼ 229% |
| Income taxes67/77 | €5,791 | €20,873 | €15,453 | €2,893 | - | - |
| Profit (loss) for the period9904 | €23,202 | €88,559 | -€50,607 | €75,812 | -€101,904 | ▼ 234% |
| Profit (loss) for the period to be appropriated9905 | €23,202 | €88,559 | -€50,607 | €75,812 | -€101,904 | ▼ 234% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €129,625 | €285,623 | €191,687 | €251,812 | €99,412 | ▼ 60.5% |
| Fixed assets21/28 | €2,295 | €6,643 | €3,972 | €2,504 | €4,149 | ▲ 65.7% |
| Tangible fixed assets22/27 | €2,295 | €6,643 | €3,972 | €2,504 | €4,149 | ▲ 65.7% |
| Furniture and vehicles24 | - | - | - | €1,851 | €2,448 | ▲ 32.3% |
| Other tangible fixed assets26 | - | - | - | €653 | €1,701 | ▲ 160% |
| Current assets29/58 | €127,330 | €278,980 | €187,716 | €249,309 | €95,263 | ▼ 61.8% |
| Amounts receivable after more than one year29 | - | - | - | €22,319 | - | - |
| Other amounts receivable291 | - | - | - | €22,319 | - | - |
| Stocks and contracts in progress3 | €2,600 | €3,200 | €850 | €2,500 | - | - |
| Stocks30/36 | - | - | - | €2,500 | - | - |
| Amounts receivable within one year40/41 | €104,592 | €62,784 | €115,565 | €184,186 | €86,573 | ▼ 53.0% |
| Trade receivables40 | - | - | - | €80,042 | €27,495 | ▼ 65.6% |
| Other amounts receivable41 | - | - | - | €104,144 | €59,079 | ▼ 43.3% |
| Cash at bank and in hand54/58 | €20,013 | €24,083 | €40,245 | €39,943 | €8,689 | ▼ 78.2% |
| Deferred charges and accrued income490/1 | - | - | - | €361 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €129,625 | €285,623 | €191,687 | €251,812 | €99,412 | ▼ 60.5% |
| Equity10/15 | €33,185 | €61,744 | €23,537 | €99,349 | -€2,555 | ▼ 103% |
| Contributions10/11 | €6,200 | €6,200 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | €18,600 | = |
| Issued capital100 | - | - | - | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €25,125 | €53,684 | €3,077 | €78,889 | -€23,015 | ▼ 129% |
| Amounts payable17/49 | €96,440 | €223,879 | €168,150 | €152,463 | €101,967 | ▼ 33.1% |
| Amounts payable within one year42/48 | €96,440 | €223,879 | €167,480 | €152,463 | €101,967 | ▼ 33.1% |
| Trade debts44 | €46,886 | €118,854 | €122,047 | €112,026 | €60,730 | ▼ 45.8% |
| Suppliers440/4 | - | - | - | €112,026 | €60,730 | ▼ 45.8% |
| Taxes, remuneration and social security45 | - | - | - | €40,438 | €41,237 | ▲ 2.0% |
| Taxes450/3 | - | - | - | €7,078 | €5,083 | ▼ 28.2% |
| Remuneration and social security454/9 | - | - | - | €33,359 | €36,153 | ▲ 8.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,202 | €88,559 | -€50,607 | €75,812 | -€101,904 | ▼ 234% |
| + Depreciation and write-downs630 | €756 | €2,671 | €2,671 | €2,558 | €1,512 | ▼ 40.9% |
| Operating cash flow (approximation) | €23,958 | €91,230 | -€47,936 | €78,370 | -€100,392 | ▼ 228% |
| Investment in fixed assets (approximation) | - | -€7,019 | €0 | -€1,090 | -€3,157 | ▼ 190% |
| Change in cash | - | €4,069 | €16,162 | -€302 | -€31,254 | ▼ 10,252% |
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
29-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · event 19-11-2024
2023
20-11
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 13-11-2023
04-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 96 days late
06-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 190 days late
2022
31-12
Financial
Weakest financial yearnet -€101,904
Net result drops to -€101,904, the lowest in the series.
2021
31-12
Financial
Back to profitnet €75,812
Net result €75,812 after one loss-making year.
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 153 days late
07-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 280 days late
2019
31-12
Financial
Highest result since 2018net €88,559 ▲282%
Operating result €110,891, net result €88,559, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 56 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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 | JEAN-MICHEL DERICK AVENUE LOUISE 391 BTE 3,
1050 FR BRUXELLES 5 |
13-11-2023 → 19-11-2024 |