BETA
Open bankruptcyA bankruptcy procedure is open for BETA according to publications in the Belgian State Gazette; curator: Nick PEETERS.
Summary
The 2021 annual accounts show equity of €331k and a net result of €187k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 20-09-2022, 51 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
51 d late
2020
416 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Turnover
€1.37M▲ 9.6%
2020 · €1.25M
2020: €1.25M
2021: €1.37M▲ +9.6% vs 2020
2020 → 2021
EBIT margin
13.6%▲ 3.6pp
2020 · 10.0%
2020: 10.0%
2021: 13.6%▲ +35.9% vs 2020
2020 → 2021
Net result
€187k▲ 48.9%
2020 · €125k
2020: €125k
2021: €187k▲ +48.9% vs 2020
2020 → 2021
Working capital
€278k▲ 230%
2020 · €84k
2020: €84k
2021: €278k▲ +230% vs 2020
2020 → 2021
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021Trend
Turnover€1.25M-€1.37M▲ 9.6%
2020: €1.25M
2021: €1.37M▲ +9.6% vs 2020
Equity€144k-€331k▲ 130%
2020: €144k
2021: €331k▲ +130% vs 2020
Operating result€126k-€187k▲ 48.9%
2020: €126k
2021: €187k▲ +48.9% vs 2020
Net result€125k-€187k▲ 48.9%
2020: €125k
2021: €187k▲ +48.9% vs 2020
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2021; 2021 is 49% above 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €485k
Fixed assets
€53k ▼ 11.4%
Current assets
€432k ▲ 132%
Equity and liabilities €485k
Equity
€331k ▲ 130%
Debt
€154k ▲ 51.4%
Debt's share of the balance-sheet total falls from 41.4% to 31.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€194k▲
2020 · €132k
Cash flow
€194k▲
2020 · €132k
Current ratio
2.80▲
2020 · 1.83
Debt to equity
0.47▼
2020 · 0.71
ROE
56.5%▼
2020 · 87.1%
ROA
38.5%▼
2020 · 51.0%
Interest coverage
2306.64▼
2020 · 3375.98
Debt ≤ 1 year
€154k▲
2020 · €102k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 36 lines
Balance sheet
Code20202021
Assets
Total assets20/58€246k€485k▲
Fixed assets21/28€60k€53k▼
Intangible fixed assets21€47k€42k▼
Tangible fixed assets22/27€13k€11k▼
Furniture and vehicles24€13k€11k▼
Current assets29/58€186k€432k▲
Amounts receivable within one year40/41€176k€364k▲
Trade receivables40€176k€364k▲
Cash at bank and in hand54/58€10k€68k▲
Equity and liabilities
Total equity and liabilities10/49€246k€485k▲
Equity10/15€144k€331k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€124k€310k▲
Amounts payable17/49€102k€154k▲
Amounts payable within one year42/48€102k€154k▲
Trade debts44€102k€105k▲
Suppliers440/4€102k€105k▲
Taxes, remuneration and social security45-€49k
Taxes450/3-€49k
Income statement
Code20202021
Turnover70€1.25M€1.37M▲
Goods, raw materials, services and sundry goods60/61€1.18M€1.18M=
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k=
Gross operating margin9900€132k€194k▲
Operating profit (loss)9901€126k€187k▲
Financial charges65/66B€39€84▲
Recurring financial charges65€39€84▲
Profit (loss) for the period before taxes9903€125k€187k▲
Profit (loss) for the period9904€125k€187k▲
Profit (loss) for the period to be appropriated9905€125k€187k▲
Appropriation of the result
Profit (loss) to be appropriated9906€125k€310k▲
Profit (loss) brought forward from the previous period14P-€124k
Transfer to equity691/2€2k-
To the legal reserve6920€2k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Turnover70 | €1.25M | €1.37M | ▲ 9.6% |
| Goods, raw materials, services and sundry goods60/61 | €1.18M | €1.18M | = |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €7k | = |
| Gross operating margin9900 | €132k | €194k | ▲ 46.4% |
| Operating profit (loss)9901 | €126k | €187k | ▲ 48.9% |
| Financial charges65/66B | €39 | €84 | ▲ 114% |
| Recurring financial charges65 | €39 | €84 | ▲ 114% |
| Profit (loss) for the period before taxes9903 | €125k | €187k | ▲ 48.9% |
| Profit (loss) for the period9904 | €125k | €187k | ▲ 48.9% |
| Profit (loss) for the period to be appropriated9905 | €125k | €187k | ▲ 48.9% |
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €246k | €485k | ▲ 97.2% |
| Fixed assets21/28 | €60k | €53k | ▼ 11.4% |
| Intangible fixed assets21 | €47k | €42k | ▼ 11.1% |
| Tangible fixed assets22/27 | €13k | €11k | ▼ 12.5% |
| Furniture and vehicles24 | €13k | €11k | ▼ 12.5% |
| Current assets29/58 | €186k | €432k | ▲ 132% |
| Amounts receivable within one year40/41 | €176k | €364k | ▲ 107% |
| Trade receivables40 | €176k | €364k | ▲ 107% |
| Cash at bank and in hand54/58 | €10k | €68k | ▲ 574% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €246k | €485k | ▲ 97.2% |
| Equity10/15 | €144k | €331k | ▲ 130% |
| Contributions10/11 | €19k | €19k | = |
| Reserves13 | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | = |
| Profit (loss) carried forward14 | €124k | €310k | ▲ 151% |
| Amounts payable17/49 | €102k | €154k | ▲ 51.4% |
| Amounts payable within one year42/48 | €102k | €154k | ▲ 51.4% |
| Trade debts44 | €102k | €105k | ▲ 3.1% |
| Suppliers440/4 | €102k | €105k | ▲ 3.1% |
| Taxes, remuneration and social security45 | - | €49k | - |
| Taxes450/3 | - | €49k | - |
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €125k | €187k | ▲ 48.9% |
| + Depreciation and write-downs630 | €7k | €7k | = |
| Operating cash flow (approximation) | €132k | €194k | ▲ 46.4% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €58k | - |
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
10-07
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 02-07-2024
2022
20-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 51 days late
20-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 416 days late
2021
31-12
Financial
Equity above €200kEq €331k ▲130%
2 profitable years in a row build equity to €331k.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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
Registered office, Dilbeek · 1 establishment unit since 2021
1 establishment unit
BETA
since 20212.323.401.507
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Nick PEETERS VERSAILLESLAAN 6, 1020 BRUSSEL 2- |
02-07-2024 → present |
Identification & contact
Identification
Legal formPrivate limited company
Founded14-06-2019
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.