BELLTELECOM 2
InactiveBELLTELECOM 2 was declared bankrupt on 07-11-2022 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 30-01-2024, published in the Belgian State Gazette on 07-02-2024.
No longer registered with the KBO; last annual accounts for fiscal year 2020.
Signals
Four 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 deadline22-09-2026 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 05-08-2022, 370 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
370 d late
2019
553 d late
← before the deadline
after the deadline →
Financials · fiscal year 2020, micro schema
Turnover
€163k▼ 32.8%
2018 · €242k
2018: €242k
2018 → 2019
EBIT margin
0.9%▼ 1.8pp
2018 · 2.6%
2018: 2.6%
2018 → 2019
Net result
€1k▲ 50.7%
2019 · €680
2018: €6k
2019: €680
2018 → 2020
Working capital
€89k▲ 25.5%
2019 · €71k
2018: €65k
2019: €71k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Turnover€242k-€163k▼ 32.8%
Equity€93k-€94k▲ 0.7%€95k▲ 1.1%
Operating result€6k-€1k▼ 77.9%€2k▲ 43.6%
Net result€6k-€680▼ 87.8%€1k▲ 50.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2020; 2020 is 44% above 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €111k
Fixed assets
€13k▼ 44.7%
Current assets
€98k▼ 15.1%
Equity and liabilities €111k
Equity
€95k▲ 1.1%
Debt
€16k▼ 63.9%
The debt ratio falls from 32.4% to 14.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€6k▼
2019 · €13k
Cash flow
€5k▼
2019 · €12k
Solvency
85.4%▲
2019 · 67.6%
Current ratio
10.65▲
2019 · 2.58
Quick ratio
9.80▲
2019 · 2.46
Debt / equity
0.17
ROE
1.1%▲
2019 · 0.7%
ROA
0.9%▲
2019 · 0.5%
Interest coverage
5.94
Debt
€16k▼
2019 · €45k
Debt ≤ 1 year
€9k▼
2019 · €45k
Debt > 1 year
€7k
Staff costs
€14k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€139k€111k▼
Fixed assets21/28€23k€13k▼
Tangible fixed assets22/27€12k€2k▼
Other tangible fixed assets26-€2k
Financial fixed assets28€11k€11k=
Current assets29/58€116k€98k▼
Amounts receivable after more than one year29-€19k
Other amounts receivable291-€19k
Stocks and contracts in progress3€5k€8k▲
Stocks30/36-€8k
Amounts receivable within one year40/41€48k€41k▼
Trade receivables40-€14k
Other amounts receivable41-€27k
Cash at bank and in hand54/58€9k€30k▲
Equity and liabilities
Total equity and liabilities10/49€139k€111k▼
Equity10/15€94k€95k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Profit (loss) carried forward14€73k€74k▲
Amounts payable17/49€45k€16k▼
Amounts payable after more than one year17-€7k
Financial debts170/4-€7k
Amounts payable within one year42/48€45k€9k▼
Current portion of amounts payable after more than one year42-€7k
Trade debts44€10k€2k▼
Suppliers440/4-€2k
Income statement
Code20192020
Turnover70€163k-
Remuneration, social security and pensions62-€14k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€4k▼
Other operating charges640/8-€392
Gross operating margin9900€71k€21k▼
Operating profit (loss)9901€1k€2k▲
Financial charges65/66B-€1k
Recurring financial charges65€734€1k▲
Profit (loss) for the period before taxes9903€680€1k▲
Profit (loss) for the period9904€680€1k▲
Profit (loss) for the period to be appropriated9905€680€1k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€74k
Profit (loss) brought forward from the previous period14P-€73k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
07-02
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · BELLTELECOM 2 SPRL AVENUE DE STALINGRAD 52, 1000 BRUXELLES. déclarée le 7 novembre 2022 · event 30-01-2024
2022
17-11
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · BELLTELECOM 2 SPRL AVENUE DE STALINGRAD 52, 1000 BRUXELLES · event 07-11-2022
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 370 days late
04-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 553 days late
2020
31-12
Financial
Liquidity quadruplescurrent ratio 10.65
Current ratio from 2.58 to 10.65; short-term debt falls from €45k to €9k.
2019
31-12
Financial
Weakest financial yearnet €680 ▼87.8%
Net result drops to €680, the lowest in the series.
14-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 75 days late
2018
28-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 120 days late
2017
13-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 105 days late
2016
21-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 82 days late
2015
08-10
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 69 days late
2014
05-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 5 days late
2013
24-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
08-01
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 161 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JACQUES PIRON AVENUE DE LA TOISON D’OR 77,
1060 SAINT-GILLES |
07-11-2022 → present |