BLUSTORM

Inactive KBO/BCE: BE 0645.501.346 subsidiary of BREAKTROUGH INVESTMENTS CVBA

BLUSTORM

Follow Report

Overview

Lifetime

4 annual accounts with figures on one time axis

Gross marginpeak €33,104 (2018)

€717▼ 97.8%

Resultlowest -€1,537 (2019)

-€1,537▼ €22,807

Equitypeak €40,707 (2018)

€39,170▼ 3.8%

Debts

€53,846▲ 32.4%

Staffpeak 0.2 FTE (2016)

-not published

Owners

90%BLUSTORM

Documentsfilings and deeds

10-06-202051 days before the deadline

2019abbreviated format

Gross margin from €33,104 to €717Loss of €1,537Debts from €40,658 to €53,846Investments €53,000Cash from €35,476 to €6,266

Key points

from the 2019 annual accounts, the last ones filed

Liquidity

0.74 was 1.98 in 2018

Short-term debts rose from €40,658 to €53,846.

Filings

4 annual accounts 1 late

The 2017 accounts came 31 days late. The other three were filed on time.

No score

Board and ownership

BREAKTROUGH INVESTMENTS CVBA consolidatesequity €75,358 (2023) · annual accounts 2019

Board & ownership

Recent changes

21-08-2020

Deed on restructuring and the end Gazette deed

12-01-2016

Incorporation 5 publications in the Belgian Official Gazette, the last on 21-08-2020 · Gazette deed

All 8 events

Official details

Source: KBO

Status: Inactivedeed of incorporation of 12-01-2016 · last publication under the heading End on 21-08-2020
Activity: No activity registered in the KBO
Financial year end: 31 December
Peppol: Not found in the Peppol Directory

Company details

Annual accounts 2019

Gross margin: €717▼ 97.8%
Turnover: ≈ €4,800estimated
Loss: €1,537
Equity: €39,170▼ 3.8%
Total assets: €93,015▲ 14.3%
Filing: Filed on 10-06-2020

Financials

Insights on BLUSTORM

Inactive. The last annual accounts are for financial year 2019.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2019

abbreviated format, filed on 10-06-2020, 51 days before the deadline

Gross margin

€717

▼ 97.8%

Operating result

-€134

▼ €32,216

Loss

-€1,537

▼ €22,807

Working capital

-€14,201

▼ €54,166

Solvency

42.1%

▼ 7.9 percentage points

Current ratio

0.74

▼ 1.25

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €4,800. Estimated: probably between €2,000 and €12,000.

Balance sheet

balance sheet total €93,015 on 31-12-2019

What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Staff

Staff cost per FTE

Staff costs divided by the average number of full-time equivalents.

Joined and left

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2019	2018	2017	2016
Balance sheet: assets
Total assets`20/58`	93,015	81,365	145,124	103,509
Fixed assets`21/28`	53,371	742	-	-
Intangible fixed assets`21`	53,000	-	-	-
Tangible fixed assets`22/27`	371	742	-	-
Furniture and vehicles`24`	371	742	-	-
Current assets`29/58`	39,644	80,623	145,124	103,509
Amounts receivable within one year`40/41`	32,738	40,591	59,885	71,629
Trade receivables`40`	5,412	29,256	59,885	65,698
Other amounts receivable`41`	27,326	11,335	-	5,931
Cash at bank and in hand`54/58`	6,266	35,476	84,152	30,113
Deferred charges and accrued income`490/1`	641	4,556	1,087	1,767
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	93,015	81,365	145,124	103,509
Equity`10/15`	39,170	40,707	19,437	15,637
Contributions`10/11`	7,700	7,700	7,700	7,700
Issued capital`100`	20,000	20,000	20,000	20,000
Uncalled capital`101`	12,300	12,300	12,300	12,300
Reserves`13`	31,470	33,000	11,000	7,000
Legal reserve`130`	1,650	1,650	587	397
Distributable reserves`133`	29,819	31,350	10,413	6,603
Profit (loss) carried forward`14`	-	7	737	937
Amounts payable`17/49`	53,846	40,658	125,688	87,873
Amounts payable within one year`42/48`	53,846	40,658	125,688	87,873
Trade debts`44`	-	35,858	116,608	80,566
Suppliers`440/4`	-	35,858	116,608	80,566
Taxes, remuneration and social security`45`	-	3,283	8,846	5,112
Taxes`450/3`	-	3,283	8,846	5,112
Other amounts payable`47/48`	53,846	1,518	233	2,194
Income statement
Gross operating margin`9900`	717	33,104	7,994	24,711
Remuneration, social security and pensions`62`	-	-	312	11,549
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	371	371	-	-
Other operating charges`640/8`	480	652	625	50
Operating profit (loss)`9901`	-134	32,082	7,056	13,111
Financial income`75/76B`	159	-	88	8
Recurring financial income`75`	159	-	88	8
Financial charges`65/66B`	1,561	222	61	70
Recurring financial charges`65`	1,561	222	61	70
Profit (loss) for the period before taxes`9903`	-1,537	31,859	7,083	13,049
Income taxes`67/77`	-	10,589	3,283	5,112
Profit (loss) for the period`9904`	-1,537	21,270	3,800	7,937
Profit (loss) for the period to be appropriated`9905`	-1,537	21,270	3,800	7,937
Appropriation of the result
Profit (loss) to be appropriated`9906`	-1,530	22,007	4,737	7,937
Transfer from equity`791/2`	1,530	-	-	-
Transfer to equity`691/2`	-	22,000	4,000	7,000
To the legal reserve`6920`	-	1,064	190	397
To other reserves`6921`	-	20,936	3,810	6,603
Social balance sheet
Average staff (FTE)`9087`	-	-	-	0.2
Hours worked`1013`	-	-	-	289
Document	PDF	PDF	PDF	PDF

Source: Annual accounts 2019 (PDF), filed on 10-06-2020.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2019	abbreviated format	10-06-2020	2020-17700154	PDF
31-12-2018	abbreviated format	24-06-2019	2019-22400264	PDF
31-12-2017	abbreviated format	31-08-2018	2018-60600066	PDF
31-12-2016	abbreviated format	13-06-2017	2017-17200570	PDF

Key figures and ratios

per financial year, computed from the annual accounts

Line	2019	2018	2017	2016
EBITDA	237	32,453	-	-
Cash flow	-1,166	21,641	-	-
Investment in fixed assets	53,000	1,113	-	-
Change in cash	-29,210	-48,677	54,039	-
Working capital	-14,201	39,965	19,437	15,637
Solvency	42.1%	50.0%	13.4%	15.1%
Current ratio	0.74	1.98	1.15	1.18
Debt to equity	1.37	1.00	6.47	5.62
ROE	-3.9%	52.3%	19.5%	50.8%
ROA	-1.7%	26.1%	2.6%	7.7%

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on BLUSTORM

The operating result for 2019 is a loss of €134, after a profit of €32,082 in 2018. It is the lowest result since 2016.

Debt's share of the balance-sheet total rises from 50.0% to 57.9%. Equity is lower and debt is higher.

Board & ownership

Control

Consolidating parent

BREAKTROUGH INVESTMENTS CVBA

Equity €75,358

Profit €47,586 in 2023

Source: parent in own accounts 2019

consolidates

This company

BLUSTORM

Equity €39,170

Loss €1,537 in 2019

Capital

Capital: €7,700
Source: 2019 annual accounts

Owners through the years

as the annual accounts name them

BLUSTORM

90%100%

100%

Owners as a list

BLUSTORM
- 2017 to 2019: 90%
- 2020: 100%

Source: lists of holdings in the owners' accounts

Office holders in the KBO →

Network & group

Group

BREAKTROUGH INVESTMENTS CVBA has 1 direct subsidiary (accounts to 30-06-2020), the bar shows equity in euros

ParentBREAKTROUGH INVESTMENTS CVBA1 holding, 1 country accounts to 30-06-2020

Belgium 1 Equity Result

BE Blustormno longer active €39,170 result -€1,537

Source: list of holdings in the 30-06-2020 accounts of BREAKTROUGH INVESTMENTS CVBA. Every holding stands with its own latest accounts.

Connections & network

Depth

The network starts from the shareholders of BLUSTORM. Every company they also own or run is a node.

This company Company Director Shareholding +N: links not shown yet

Timeline

8 events since 2016

Filings

Financial

End

201620182020202220242026

2020

21-08-2020

Deed on restructuring and the end PDF

10-06-2020

Annual accounts 2019 filed PDFabbreviated format · 51 days before the deadline

2019

31-12-2019

Weakest financial year net -€1,537 The net result drops to -€1,537, the lowest from 2016 to 2019.

24-06-2019

Annual accounts 2018 filed PDFabbreviated format · 37 days before the deadline

2018

31-12-2018

Highest result from 2016 to 2019 net €21,270 ▲460% The operating result of €32,082 and the net result of €21,270 are both a record.

31-08-2018

Annual accounts 2017 filed PDFabbreviated format · 31 days late

2017

13-06-2017

Annual accounts 2016 filed PDFabbreviated format · 48 days before the deadline

2016

12-01-2016

Incorporation PDF5 publications in the Belgian Official Gazette, the last on 21-08-2020

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official Gazette Filings with the National Bank

Company details

Inactive

BLUSTORM is no longer in the KBO register.

Last annual accounts: financial year to 31 December 2019
Last registered office: Vaartstraat 35, 9850 Hansbekeas published on 21 August 2020
Legal form: CVBA
First annual accounts: financial year 2016

Official KBO record