BILLY
InactiveBILLY was declared bankrupt on 27-06-2022 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed by liquidation by judgment of 26-11-2024, published in the Belgian State Gazette on 07-04-2025.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three 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 · 3 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 19-08-2021, 19 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
19 d late
2019
38 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Equity
€-435k▼ 175%
2019 · €-158k
2018: €-37k
2019: €-158k
2018 → 2020
Total assets
€941k▼ 5.3%
2019 · €994k
2018: €528k
2019: €994k
2018 → 2020
Net result
€-835k▲ 7.5%
2019 · €-902k
2018: €-520k
2019: €-902k
2018 → 2020
Working capital
€-864k▼ 12.3%
2019 · €-769k
2018: €-370k
2019: €-769k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€-37k-€-158k▼ 330%€-435k▼ 175%
Operating result€-509k-€-828k▼ 62.9%€-786k▲ 5.2%
Net result€-520k-€-902k▼ 73.5%€-835k▲ 7.5%
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 €786k in 2020 against €828k in 2019; the loss shrinks.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €941k
Fixed assets
€729k ▼ 17.0%
Current assets
€212k ▲ 84.4%
Key figures and ratios
EBITDA
€-479k▲
2019 · €-582k
Cash flow
€-528k▲
2019 · €-656k
Solvency
-46.3%▼
2019 · -15.9%
Current ratio
0.20▲
2019 · 0.13
Debt to equity
-0.69▲
2019 · -1.70
ROA
-88.7%▲
2019 · -90.8%
Debt
€1.38M▲
2019 · €1.15M
Debt ≤ 1 year
€1.08M▲
2019 · €884k
Debt > 1 year
€301k▲
2019 · €269k
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 · 2020 against 2019 · 24 lines
Balance sheet
Code20192020
Assets
Total assets20/58€994k€941k▼
Fixed assets21/28€879k€729k▼
Intangible fixed assets21€54k€31k▼
Tangible fixed assets22/27€824k€698k▼
Financial fixed assets28€761€761=
Current assets29/58€115k€212k▲
Amounts receivable within one year40/41€40k€17k▼
Cash at bank and in hand54/58€73k€191k▲
Equity and liabilities
Total equity and liabilities10/49€994k€941k▼
Equity10/15€-158k€-435k▼
Contributions10/11€390k€463k▲
Profit (loss) carried forward14€-1.42M€-2.26M▼
Amounts payable17/49€1.15M€1.38M▲
Amounts payable after more than one year17€269k€301k▲
Amounts payable within one year42/48€884k€1.08M▲
Trade debts44€165k€192k▲
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€246k€307k▲
Gross operating margin9900€-405k€-144k▲
Operating profit (loss)9901€-828k€-786k▲
Recurring financial income75€1€54▲
Recurring financial charges65€74k€49k▼
Profit (loss) for the period before taxes9903€-902k€-835k▲
Profit (loss) for the period9904€-902k€-835k▲
Profit (loss) for the period to be appropriated9905€-902k€-835k▲
Timeline · acts, filings and financial milestones
2025
07-04
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise francophone de Bruxelles · BILLY SA RUE GUILLAUME TELL 59B, 1060 SAINT-GILLES. déclarée le 27 juin 2022 · event 26-11-2024
2022
11-07
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · BILLY SA RUE GUILLAUME TELL 59B, 1060 SAINT-GILLES · event 27-06-2022
20-04
Judicial reorganisation
Opening
Tribunal de l’entreprise francophone de Bruxelles · transfert_judiciaire · event 13-04-2022
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 38 days late
2019
31-12
Financial
Weakest financial yearnet €-902k
Net result drops to €-902k, the lowest in the series.
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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 | ALAIN HENDERICKX RUE DE STASSART 48 BL C/6,
1050 BRUXELLES 5 |
27-06-2022 → 26-11-2024 |