BIG BOY SYSTEMS
InactiveBIG BOY SYSTEMS was declared bankrupt on 18-10-2022 (Tribunal de l’entreprise du Hainaut, division Tournai); the bankruptcy was closed by liquidation by judgment of 25-02-2025, published in the Belgian State Gazette on 03-03-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
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 31-12-2022, 4 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
31-12-2022 close31-07-2023 deadline25-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 11-08-2022, 11 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
11 d late
2020
151 d late
2019
35 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€-62k▲ 4.6%
2020 · €-65k
2018: €13khighest in 4 years
2019: €-8k▼ -163% vs 2018
2020: €-65k▼ -695% vs 2019lowest in 4 years
2021: €-62k▲ +4.6% vs 2020
2018 → 2021
Total assets
€214k▲ 177%
2020 · €77k
2018: €41k
2019: €18k▼ -54.8% vs 2018lowest in 4 years
2020: €77k▲ +323% vs 2019
2021: €214k▲ +177% vs 2020highest in 4 years
2018 → 2021
Net result
€3k
2020 · €-57k
2018: €-45k
2019: €-21k▲ +52.3% vs 2018
2020: €-57k▼ -168% vs 2019lowest in 4 years
2021: €3k▲ +105% vs 2020highest in 4 years
2018 → 2021
Working capital
€-29k▼ 164%
2020 · €-11k
2018: €-8khighest in 4 years
2019: €-22k▼ -177% vs 2018
2020: €-11k▲ +50.2% vs 2019
2021: €-29k▼ -164% vs 2020lowest in 4 years
2018 → 2021
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€13k-€-8k€-65k▼ 695%€-62k▲ 4.6%
2018: €13khighest in 4 years
2019: €-8k▼ -163% vs 2018
2020: €-65k▼ -695% vs 2019lowest in 4 years
2021: €-62k▲ +4.6% vs 2020
Operating result€-45k-€-21k▲ 52.3%€-53k▼ 151%€-10k▲ 82.0%
2018: €-45k
2019: €-21k▲ +52.3% vs 2018
2020: €-53k▼ -151% vs 2019lowest in 4 years
2021: €-10k▲ +82.0% vs 2020highest in 4 years
Net result€-45k-€-21k▲ 52.3%€-57k▼ 168%€3k
2018: €-45k
2019: €-21k▲ +52.3% vs 2018
2020: €-57k▼ -168% vs 2019lowest in 4 years
2021: €3k▲ +105% vs 2020highest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10k in 2021 against €53k in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €214k
Fixed assets
€123k ▲ 174%
Current assets
€91k ▲ 180%
Key figures and ratios
EBITDA
€18k▲
2020 · €-45k
Cash flow
€31k▲
2020 · €-48k
Solvency
-29.1%▲
2020 · -84.2%
Current ratio
0.76▲
2020 · 0.75
Debt to equity
-4.44▼
2020 · -1.51
ROA
1.4%▲
2020 · -73.7%
Interest coverage
2.11
Debt
€276k▲
2020 · €143k
Debt ≤ 1 year
€121k▲
2020 · €44k
Debt > 1 year
€155k▲
2020 · €99k
Income taxes
€145
Staff costs
€34k
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 · 44 lines
Balance sheet
Code20202021
Assets
Total assets20/58€77k€214k▲
Fixed assets21/28€45k€123k▲
Intangible fixed assets21€35k€115k▲
Tangible fixed assets22/27€8k€5k▼
Plant, machinery and equipment23-€339
Furniture and vehicles24-€5k
Financial fixed assets28€2k€2k=
Current assets29/58€33k€91k▲
Amounts receivable within one year40/41€2k€8k▲
Trade receivables40-€1k
Other amounts receivable41-€7k
Cash at bank and in hand54/58€28k€82k▲
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€77k€214k▲
Equity10/15€-65k€-62k▲
Contributions10/11-€66k
Profit (loss) carried forward14€-132k€-129k▲
Amounts payable17/49€143k€276k▲
Amounts payable after more than one year17€99k€155k▲
Financial debts170/4-€155k
Amounts payable within one year42/48€44k€121k▲
Current portion of amounts payable after more than one year42-€30k
Trade debts44€2k€10k▲
Suppliers440/4-€10k
Taxes, remuneration and social security45-€19k
Taxes450/3-€209
Remuneration and social security454/9-€19k
Other amounts payable47/48-€62k
Accrued charges and deferred income492/3-€411
Income statement
Code20202021
Remuneration, social security and pensions62-€34k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€28k▲
Other operating charges640/8-€3k
Gross operating margin9900€3k€55k▲
Operating profit (loss)9901€-53k€-10k▲
Financial income75/76B-€21k
Recurring financial income75€0€21k▲
Financial charges65/66B-€9k
Recurring financial charges65€4k€9k▲
Profit (loss) for the period before taxes9903€-57k€3k▲
Income taxes67/77-€145
Profit (loss) for the period9904€-57k€3k▲
Profit (loss) for the period to be appropriated9905€-57k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-129k
Profit (loss) brought forward from the previous period14P-€-132k
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €34k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €7k | €9k | €28k | ▲ 224% |
| Other operating charges640/8 | - | - | - | €3k | - |
| Gross operating margin9900 | €-37k | €-14k | €3k | €55k | ▲ 2,087% |
| Operating profit (loss)9901 | €-45k | €-21k | €-53k | €-10k | ▲ 82.0% |
| Financial income75/76B | - | - | - | €21k | - |
| Recurring financial income75 | - | - | €0 | €21k | ▲ 19,452,636% |
| Financial charges65/66B | - | - | - | €9k | - |
| Recurring financial charges65 | €61 | €36 | €4k | €9k | ▲ 142% |
| Profit (loss) for the period before taxes9903 | €-45k | €-21k | €-57k | €3k | ▲ 105% |
| Income taxes67/77 | - | - | - | €145 | - |
| Profit (loss) for the period9904 | €-45k | €-21k | €-57k | €3k | ▲ 105% |
| Profit (loss) for the period to be appropriated9905 | €-45k | €-21k | €-57k | €3k | ▲ 105% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €41k | €18k | €77k | €214k | ▲ 177% |
| Fixed assets21/28 | €21k | €14k | €45k | €123k | ▲ 174% |
| Intangible fixed assets21 | €21k | €14k | €35k | €115k | ▲ 231% |
| Tangible fixed assets22/27 | - | - | €8k | €5k | ▼ 31.7% |
| Plant, machinery and equipment23 | - | - | - | €339 | - |
| Furniture and vehicles24 | - | - | - | €5k | - |
| Financial fixed assets28 | - | - | €2k | €2k | = |
| Current assets29/58 | €19k | €4k | €33k | €91k | ▲ 180% |
| Amounts receivable within one year40/41 | €860 | €704 | €2k | €8k | ▲ 255% |
| Trade receivables40 | - | - | - | €1k | - |
| Other amounts receivable41 | - | - | - | €7k | - |
| Cash at bank and in hand54/58 | €18k | €3k | €28k | €82k | ▲ 191% |
| Deferred charges and accrued income490/1 | - | - | - | €1k | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €41k | €18k | €77k | €214k | ▲ 177% |
| Equity10/15 | €13k | €-8k | €-65k | €-62k | ▲ 4.6% |
| Contributions10/11 | €7k | €7k | - | €66k | - |
| Profit (loss) carried forward14 | €-53k | €-75k | €-132k | €-129k | ▲ 2.3% |
| Amounts payable17/49 | €27k | €26k | €143k | €276k | ▲ 93.8% |
| Amounts payable after more than one year17 | - | - | €99k | €155k | ▲ 57.0% |
| Financial debts170/4 | - | - | - | €155k | - |
| Amounts payable within one year42/48 | €27k | €26k | €44k | €121k | ▲ 176% |
| Current portion of amounts payable after more than one year42 | - | - | - | €30k | - |
| Trade debts44 | €2k | €2k | €2k | €10k | ▲ 361% |
| Suppliers440/4 | - | - | - | €10k | - |
| Taxes, remuneration and social security45 | - | - | - | €19k | - |
| Taxes450/3 | - | - | - | €209 | - |
| Remuneration and social security454/9 | - | - | - | €19k | - |
| Other amounts payable47/48 | - | - | - | €62k | - |
| Accrued charges and deferred income492/3 | - | - | - | €411 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-45k | €-21k | €-57k | €3k | ▲ 105% |
| + Depreciation and write-downs630 | €7k | €7k | €9k | €28k | ▲ 224% |
| Operating cash flow (approximation) | €-37k | €-14k | €-48k | €31k | ▲ 164% |
| Investment in fixed assets (approximation) | - | €0 | €-39k | €-106k | ▼ 171% |
| Change in cash | - | €-15k | €25k | €54k | ▲ 116% |
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
2025
03-03
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise du Hainaut, division Tournai · event 25-02-2025
2022
24-10
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Tournai · event 18-10-2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
31-12
Financial
Back to profitnet €3k
Net result €3k after 3 loss-making years.
29-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 151 days late
2020
31-12
Financial
Weakest financial yearnet €-57k
Net result drops to €-57k, the lowest in the series.
04-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 35 days late
2019
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 5 days late
2018
24-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
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 | AXEL CABY DREVE GUSTAVE FACHE 3,
7700 MOUSCRON- .
Date provisoire de cessation de paiement : 18/10/2022 |
18-10-2022 → 25-02-2025 |