BIOFLOW
InactiveBIOFLOW was declared bankrupt on 04-05-2023 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 20-02-2024, published in the Belgian State Gazette on 26-02-2024.
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 · 5 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 30-06-2022, 31 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
31 d early
2020
34 d early
2019
78 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2021, abbreviated schema
Equity
€-37k▼ 27.7%
2020 · €-29k
Total assets
€3k▼ 76.0%
2020 · €12k
Net result
€-8k▼ 1,342%
2020 · €-550
Working capital
€-4k▼ 141%
2020 · €-2k
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
Line2018201920202021
Operating result€-16k-€-16k▼ 0.7%€-448▲ 97.3%€-8k▼ 1,669%
Net result€-16k-€-16k▼ 0.6%€-550▲ 96.7%€-8k▼ 1,342%
Equity€-12k-€-28k▼ 142%€-29k▼ 2.0%€-37k▼ 27.7%
Total assets€31k-€16k▼ 46.6%€12k▼ 26.7%€3k▼ 76.0%
Debt€42k-€45k▲ 5.0%€41k▼ 8.6%€39k▼ 3.1%
Working capital€13k-€2k▼ 86.9%€-2k€-4k▼ 141%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8k in 2021 against €448 in 2020; the loss grows.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €3k
Fixed assets
€3k ▼ 74.5%
Current assets
€393 ▼ 82.7%
Key figures and ratios
EBITDA
€-618
Cash flow
€-627
Interest coverage
-66.73
Debt ≤ 1 year
€4k▲
2020 · €4k
Debt > 1 year
€35k▼
2020 · €37k
Ratios withheld: a balance sheet total of €3k is too small for a meaningful ratio.
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 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €4k | - | €7k | - |
| Other operating charges640/8 | - | - | - | €301 | - |
| Gross operating margin9900 | €-11k | €-12k | - | €-317 | - |
| Operating profit (loss)9901 | €-16k | €-16k | €-448 | €-8k | ▼ 1,669% |
| Recurring financial income75 | €63 | - | - | - | - |
| Financial charges65/66B | - | - | - | €9 | - |
| Recurring financial charges65 | €134 | €40 | €102 | €9 | ▼ 90.9% |
| Profit (loss) for the period before taxes9903 | €-16k | €-16k | €-550 | €-8k | ▼ 1,342% |
| Profit (loss) for the period9904 | €-16k | €-16k | €-550 | €-8k | ▼ 1,342% |
| Profit (loss) for the period to be appropriated9905 | €-16k | €-16k | €-550 | €-8k | ▼ 1,342% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €31k | €16k | €12k | €3k | ▼ 76.0% |
| Fixed assets21/28 | €14k | €10k | €10k | €3k | ▼ 74.5% |
| Intangible fixed assets21 | €14k | €10k | €10k | €3k | ▼ 74.5% |
| Current assets29/58 | €17k | €7k | €2k | €393 | ▼ 82.7% |
| Stocks and contracts in progress3 | €4k | - | - | - | - |
| Amounts receivable within one year40/41 | €2k | €2k | €2k | €55 | ▼ 96.9% |
| Other amounts receivable41 | - | - | - | €55 | - |
| Cash at bank and in hand54/58 | €10k | €5k | €503 | €338 | ▼ 32.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €31k | €16k | €12k | €3k | ▼ 76.0% |
| Equity10/15 | €-12k | €-28k | €-29k | €-37k | ▼ 27.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-30k | €-47k | €-47k | €-55k | ▼ 16.8% |
| Amounts payable17/49 | €42k | €45k | €41k | €39k | ▼ 3.1% |
| Amounts payable after more than one year17 | €39k | €40k | €37k | €35k | ▼ 4.7% |
| Other amounts payable178/9 | - | - | - | €35k | - |
| Amounts payable within one year42/48 | €4k | €5k | €4k | €4k | ▲ 12.4% |
| Trade debts44 | €3k | €5k | €4k | €4k | ▲ 7.3% |
| Suppliers440/4 | - | - | - | €4k | - |
| Taxes, remuneration and social security45 | - | - | - | €200 | - |
| Taxes450/3 | - | - | - | €200 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-16k | €-16k | €-550 | €-8k | ▼ 1,342% |
| + Depreciation and write-downs630 | €4k | €4k | - | €7k | - |
| Operating cash flow (approximation) | €-12k | €-12k | €-550 | €-627 | ▼ 14.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | €-5k | €-4k | €-165 | ▲ 96.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2024
26-02
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 20-02-2024
2023
10-05
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 04-05-2023
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
27-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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 | GREGORY WILKIN LANGE LOZANASTRAAT 262,
2018 ANTWERPEN 1 |
04-05-2023 → 20-02-2024 |