C-SIDE PRODUCTION
Open bankruptcyA bankruptcy procedure is open for C-SIDE PRODUCTION according to publications in the Belgian State Gazette; curator: Nick PEETERS.
No longer registered with the KBO; last annual accounts for fiscal year 2022.
Signals
Four 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 · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline21-09-2026 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 09-08-2023, 9 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
9 d late
2021
21 d early
2020
45 d early
2019
12 d late
← before the deadline
after the deadline →
Financials · fiscal year 2022, abbreviated schema
Turnover
€724
EBIT margin
-709.7%
Net result
€-5k▲ 3.6%
2021 · €-5k
2018: €8
2019: €285
2020: €-2k
2021: €-5k
2018 → 2022
Working capital
€-15k▼ 47.4%
2021 · €-10k
2018: €-4k
2019: €-4k
2020: €-5k
2021: €-10k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€724
Equity€-2k-€-2k▲ 12.4%€-4k▼ 80.1%€-9k▼ 149%€-14k▼ 57.6%
Operating result€261-€635▲ 143%€-2k€-5k▼ 240%€-5k▲ 3.8%
Net result€8-€285▲ 3,328%€-2k€-5k▼ 235%€-5k▲ 3.6%
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 €5k in 2022 against €5k in 2021; the loss shrinks.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €2k
Fixed assets
€719▼ 35.3%
Current assets
€863▼ 72.2%
Key figures and ratios
Debt
€16k▲
2021 · €13k
Debt ≤ 1 year
€16k▲
2021 · €13k
Ratios withheld: a balance sheet total of €2k is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€4k€2k▼
Fixed assets21/28€1k€719▼
Tangible fixed assets22/27€1k€719▼
Furniture and vehicles24€1k€719▼
Current assets29/58€3k€863▼
Amounts receivable within one year40/41€844€830▼
Other amounts receivable41€844€830▼
Cash at bank and in hand54/58€253€31▼
Deferred charges and accrued income490/1€2k€2▼
Equity and liabilities
Total equity and liabilities10/49€4k€2k▼
Equity10/15€-9k€-14k▼
Contributions10/11€6k€6k=
Reserves13€620€620=
Non-distributable reserves130/1€620€620=
Reserves not available under the articles1311€620€620=
Profit (loss) carried forward14€-16k€-21k▼
Amounts payable17/49€13k€16k▲
Amounts payable within one year42/48€13k€16k▲
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Other amounts payable47/48€11k€13k▲
Income statement
Code20212022
Turnover70-€724
Goods, raw materials, services and sundry goods60/61-€5k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€387-
Other operating charges640/8€402€535▲
Gross operating margin9900€-5k€-5k▼
Operating profit (loss)9901€-5k€-5k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€53€58▲
Recurring financial charges65€53€58▲
Profit (loss) for the period before taxes9903€-5k€-5k▲
Profit (loss) for the period9904€-5k€-5k▲
Profit (loss) for the period to be appropriated9905€-5k€-5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-16k€-21k▼
Profit (loss) brought forward from the previous period14P€-10k€-16k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 9 days late
03-04
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · C-SIDE PRODUCTIONS CV ACHT BUNDERSSTRAAT 49, 1933. ZAVENTEM · event 28-03-2023
2022
10-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series.
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2019
31-12
Financial
Highest result since 2018net €285 ▲3328%
Operating result €635, net result €285, both a record.
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
20-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
10-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 10 days late
2014
25-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 25 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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 | Nick PEETERS VERSAILLESLAAN 6, 1020 BRUSSEL 2- |
28-03-2023 → present |