BILLUGA
InactiveBILLUGA was declared bankrupt on 07-11-2023 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed by liquidation by judgment of 09-12-2025, published in the Belgian State Gazette on 16-12-2025.
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 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 30-08-2023, 30 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
30 d late
2021
113 d late
2020
121 d late
2019
33 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 74 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
-€95,234▼ 44.9%
2021 · -€65,730
Total assets
€11,320▼ 69.5%
2021 · €37,062
Net result
-€29,505▼ 0.8%
2021 · -€29,271
Working capital
-€99,784▼ 39.8%
2021 · -€71,371
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-€3,643--€15,931▼ 337%-€12,828▲ 19.5%-€29,083▼ 127%-€27,642▲ 5.0%
Net result-€4,519--€16,567▼ 267%-€13,155▲ 20.6%-€29,271▼ 123%-€29,505▼ 0.8%
Equity-€9,136--€25,704▼ 181%-€36,458▼ 41.8%-€65,730▼ 80.3%-€95,234▼ 44.9%
Total assets€37,801-€21,600▼ 42.9%€12,172▼ 43.6%€37,062▲ 204%€11,320▼ 69.5%
Debt€46,938-€47,304▲ 0.8%€48,630▲ 2.8%€102,792▲ 111%€106,555▲ 3.7%
Working capital-€11,481--€23,909▼ 108%-€43,108▼ 80.3%-€71,371▼ 65.6%-€99,784▼ 39.8%
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 €27,642 in 2022 against €29,083 in 2021; the loss shrinks.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €11,320
Fixed assets
€5,683 ▲ 0.7%
Current assets
€5,638 ▼ 82.1%
Key figures and ratios
EBITDA
-€26,448▲
2021 · -€28,075
Cash flow
-€28,311▼
2021 · -€28,263
Solvency
-841.3%▼
2021 · -177.3%
Current ratio
0.05▼
2021 · 0.31
Debt to equity
-1.12▲
2021 · -1.56
ROA
-260.6%▼
2021 · -79.0%
Interest coverage
-13.68▲
2021 · -149.53
Debt ≤ 1 year
€105,421▲
2021 · €102,792
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,317 | €11,540 | €11,540 | €1,009 | €1,194 | ▲ 18.4% |
| Other operating charges640/8 | - | - | - | €1,184 | €907 | ▼ 23.4% |
| Gross operating margin9900 | €9,008 | -€3,559 | €92 | -€26,891 | -€25,541 | ▲ 5.0% |
| Operating profit (loss)9901 | -€3,643 | -€15,931 | -€12,828 | -€29,083 | -€27,642 | ▲ 5.0% |
| Financial income75/76B | - | - | - | - | €70 | - |
| Recurring financial income75 | €78 | €42 | - | - | €70 | - |
| Financial charges65/66B | - | - | - | €188 | €1,934 | ▲ 930% |
| Recurring financial charges65 | €954 | €678 | €327 | €188 | €1,934 | ▲ 930% |
| Profit (loss) for the period before taxes9903 | -€4,519 | -€16,567 | -€13,155 | -€29,271 | -€29,505 | ▼ 0.8% |
| Profit (loss) for the period9904 | -€4,519 | -€16,567 | -€13,155 | -€29,271 | -€29,505 | ▼ 0.8% |
| Profit (loss) for the period to be appropriated9905 | -€4,519 | -€16,567 | -€13,155 | -€29,271 | -€29,505 | ▼ 0.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €37,801 | €21,600 | €12,172 | €37,062 | €11,320 | ▼ 69.5% |
| Fixed assets21/28 | €28,614 | €18,189 | €6,650 | €5,641 | €5,683 | ▲ 0.7% |
| Intangible fixed assets21 | €20,000 | €10,000 | - | - | - | - |
| Tangible fixed assets22/27 | €4,205 | €3,780 | €2,240 | €1,232 | €1,273 | ▲ 3.4% |
| Plant, machinery and equipment23 | - | - | - | €786 | €1,050 | ▲ 33.7% |
| Furniture and vehicles24 | - | - | - | €446 | €223 | ▼ 50.0% |
| Financial fixed assets28 | €4,409 | €4,409 | €4,409 | €4,409 | €4,409 | = |
| Current assets29/58 | €9,187 | €3,411 | €5,522 | €31,421 | €5,638 | ▼ 82.1% |
| Stocks and contracts in progress3 | €948 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €605 | - | €416 | €30,520 | €5,482 | ▼ 82.0% |
| Trade receivables40 | - | - | - | €250 | €5,092 | ▲ 1,937% |
| Other amounts receivable41 | - | - | - | €30,270 | €391 | ▼ 98.7% |
| Cash at bank and in hand54/58 | €6,787 | €3,276 | €4,802 | €901 | €155 | ▼ 82.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €37,801 | €21,600 | €12,172 | €37,062 | €11,320 | ▼ 69.5% |
| Equity10/15 | -€9,136 | -€25,704 | -€36,458 | -€65,730 | -€95,234 | ▼ 44.9% |
| Contributions10/11 | €16,200 | €16,200 | - | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€25,336 | -€41,904 | -€55,058 | -€84,330 | -€113,834 | ▼ 35.0% |
| Amounts payable17/49 | €46,938 | €47,304 | €48,630 | €102,792 | €106,555 | ▲ 3.7% |
| Amounts payable after more than one year17 | €26,270 | €19,984 | - | - | - | - |
| Amounts payable within one year42/48 | €20,668 | €27,320 | €48,630 | €102,792 | €105,421 | ▲ 2.6% |
| Trade debts44 | €1,316 | €231 | €3,597 | €22,032 | €19,180 | ▼ 12.9% |
| Suppliers440/4 | - | - | - | €22,032 | €19,180 | ▼ 12.9% |
| Taxes, remuneration and social security45 | - | - | - | €73 | €1,634 | ▲ 2,129% |
| Taxes450/3 | - | - | - | €73 | €1,634 | ▲ 2,129% |
| Other amounts payable47/48 | - | - | - | €80,687 | €84,607 | ▲ 4.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,133 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,519 | -€16,567 | -€13,155 | -€29,271 | -€29,505 | ▼ 0.8% |
| + Depreciation and write-downs630 | €11,317 | €11,540 | €11,540 | €1,009 | €1,194 | ▲ 18.4% |
| Operating cash flow (approximation) | €6,798 | -€5,028 | -€1,615 | -€28,263 | -€28,311 | ▼ 0.2% |
| Investment in fixed assets (approximation) | - | -€1,115 | €0 | €0 | -€1,236 | - |
| Change in cash | - | -€3,510 | €1,525 | -€3,900 | -€746 | ▲ 80.9% |
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
16-12
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 09-12-2025
2023
14-11
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 07-11-2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet -€29,505
Net result drops to -€29,505, the lowest in the series.
21-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 113 days late
2021
29-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 121 days late
2020
02-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 33 days late
2019
28-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 120 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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 | JAN BRAECKMANS GROTE STEENWEG 417,
2600 BERCHEM (ANTWERPEN) |
07-11-2023 → 09-12-2025 |