BS Infinity
Open bankruptcyFinancials · financial year 2020, micro format
2020 annual accounts filed 125 days after the deadline Filed on 3 December 2021, deadline 31 July 2021 (7 months after the close on 31 December 2020, Companies Code art. 3:10). Source: NBB, 2021-79400176.
Annual accounts 2020 filed on 03-12-2021 PDF all 3 filings
Turnover
€1.8m
EBIT margin
4.1%
Net result
-€8,566
2019 · €55,378
Working capital
€35,638▼ 25.0%
2019 · €47,523
Multi-year overview
2018 to 2020, 3 financial yearsTurnover
no figure
2020
20182020
Operating result
-€11,868
2020
20182020
Net result
-€8,566
2020
20182020
EBIT margin
no figure
2020
20182020
Equity
€84,128
▼ 9.2%
2020
20182020
Total assets
€313,982
▼ 38.9%
2020
20182020
Debt
€229,854
▼ 45.4%
2020
20182020
Working capital
€35,638
▼ 25.0%
2020
20182020
Staff (FTE)
1
2020
20182020
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020
Turnover€1.8m
Operating result€0.002m-€0.07m▲ 40×-€0.01m
Net result€0.001m-€0.06m▲ 41×-€0.009m
EBIT margin4.1%
Equity€0.04m-€0.09m▲ 148%€0.08m▼ 9.2%
Total assets€0.05m-€0.5m▲ 884%€0.3m▼ 38.9%
Debt€0.01m-€0.4m▲ 28×€0.2m▼ 45.4%
Working capital€0.001m-€0.05m▲ 47×€0.04m▼ 25.0%
Staff (FTE)1
The operating result for 2020 is a loss of €11,868, after a profit of €74,082 in 2019. It is the lowest result since 2018.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €313,982
Fixed assets
€48,490 ▲ 7.3%
Current assets
€265,492 ▼ 43.4%
Equity and liabilities €313,982
Equity
€84,128 ▼ 9.2%
Debt
€229,854 ▼ 45.4%
Debt's share of the balance-sheet total falls from 82.0% to 73.2%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.16▲
2019 · 1.11
ROE
-10.2%▼
2019 · 59.7%
ROA
-2.7%▼
2019 · 10.8%
Debt ≤ 1 year
€229,854▼
2019 · €421,330
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Turnover70 | - | €1.8m | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.002m | €0.009m | - | - |
| Gross operating margin9900 | €0.004m | €0.1m | €0.03m | ▼ 72.9% |
| Operating profit (loss)9901 | €0.002m | €0.07m | -€0.01m | - |
| Recurring financial income75 | €118 | €0.001m | €0.005m | ▲ 457% |
| Recurring financial charges65 | €152 | €0.001m | €0.002m | ▲ 23.3% |
| Profit (loss) for the period before taxes9903 | €0.002m | €0.07m | -€0.009m | - |
| Income taxes67/77 | €0.001m | €0.02m | - | - |
| Profit (loss) for the period9904 | €0.001m | €0.06m | -€0.009m | - |
| Profit (loss) for the period to be appropriated9905 | €0.001m | €0.06m | -€0.009m | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €52,233 | €514,025 | €313,982 | ▼ 38.9% |
| Fixed assets21/28 | €36,321 | €45,172 | €48,490 | ▲ 7.3% |
| Tangible fixed assets22/27 | €36,321 | €44,892 | €47,710 | ▲ 6.3% |
| Financial fixed assets28 | - | €280 | €780 | ▲ 179% |
| Current assets29/58 | €15,912 | €468,853 | €265,492 | ▼ 43.4% |
| Amounts receivable within one year40/41 | €15,911 | €387,133 | €242,987 | ▼ 37.2% |
| Cash at bank and in hand54/58 | €1 | €79,420 | €19,394 | ▼ 75.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €52,233 | €514,025 | €313,982 | ▼ 38.9% |
| Equity10/15 | €37,338 | €92,695 | €84,128 | ▼ 9.2% |
| Contributions10/11 | €36,000 | €35,979 | - | - |
| Reserves13 | €70 | €3,070 | €3,070 | = |
| Profit (loss) carried forward14 | €1,268 | €53,646 | €45,079 | ▼ 16.0% |
| Amounts payable17/49 | €14,895 | €421,330 | €229,854 | ▼ 45.4% |
| Amounts payable within one year42/48 | €14,895 | €421,330 | €229,854 | ▼ 45.4% |
| Trade debts44 | €13,205 | €371,182 | €175,447 | ▼ 52.7% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,338 | €55,378 | -€8,566 | - |
| + Depreciation and write-downs630 | €1,513 | €8,676 | - | - |
| Operating cash flow (approximation) | €2,851 | €64,053 | -€8,566 | - |
| Investment in fixed assets (approximation) | - | -€17,526 | -€3,318 | ▲ 81.1% |
| Change in cash | - | €79,420 | -€60,026 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.