CENTILLION
Inactive1 interim measureSignals
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 31-03-2022, 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 · 10 filingsPosition against the passed deadline
31-03-2022 close31-10-2022 deadline01-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2021 was due by 31-10-2021 and was filed on 24-09-2021, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2022
not filed
2021
37 d early
2020
25 d late
2019
8 d early
2018
33 d early
2017
32 d early
2016
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 15 days before the deadline; the Belgian median for financial year 2022 is 3 days before the deadline, and 42% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, abbreviated schema
Equity
-€28,886▼ 2.8%
2020 · -€28,086
Total assets
€26,073=
2020 · €26,073
Net result
-€800=
2020 · -€800
Working capital
€365=
2020 · €365
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201920202021
Operating result-€1,182--€800▲ 32.3%-€800=
Net result-€1,182--€800▲ 32.3%-€800=
Equity-€39,687--€28,086▲ 29.2%-€28,886▼ 2.8%
Total assets€26,073-€26,073=€26,073=
Debt€65,760-€54,159▼ 17.6%€54,959▲ 1.5%
Working capital-€64,687-€365€365=
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €800 in 2021 against €800 in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €26,073
Fixed assets
€25,000 =
Current assets
€1,073 =
Equity and liabilities
Equity-€28,886
Debt€54,959
Equity is negative: debt (€54,959) exceeds the balance-sheet total (€26,073).
Key figures and ratios
Solvency
-110.8%▼
2020 · -107.7%
Current ratio
1.52=
2020 · 1.52
ROA
-3.1%=
2020 · -3.1%
Debt ≤ 1 year
€708=
2020 · €708
Debt > 1 year
€54,251▲
2020 · €53,451
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Gross operating margin9900 | €25 | - | - | - |
| Operating profit (loss)9901 | -€1,182 | -€800 | -€800 | = |
| Profit (loss) for the period before taxes9903 | -€1,182 | -€800 | -€800 | = |
| Profit (loss) for the period9904 | -€1,182 | -€800 | -€800 | = |
| Profit (loss) for the period to be appropriated9905 | -€1,182 | -€800 | -€800 | = |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €26,073 | €26,073 | €26,073 | = |
| Fixed assets21/28 | €25,000 | €25,000 | €25,000 | = |
| Financial fixed assets28 | €25,000 | €25,000 | €25,000 | = |
| Current assets29/58 | €1,073 | €1,073 | €1,073 | = |
| Cash at bank and in hand54/58 | €1,073 | €1,073 | €1,073 | = |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €26,073 | €26,073 | €26,073 | = |
| Equity10/15 | -€39,687 | -€28,086 | -€28,886 | ▼ 2.8% |
| Contributions10/11 | €6,200 | €18,600 | - | - |
| Reserves13 | €181 | €181 | €181 | = |
| Profit (loss) carried forward14 | -€46,068 | -€46,867 | -€47,667 | ▼ 1.7% |
| Amounts payable17/49 | €65,760 | €54,159 | €54,959 | ▲ 1.5% |
| Amounts payable after more than one year17 | - | €53,451 | €54,251 | ▲ 1.5% |
| Amounts payable within one year42/48 | €65,760 | €708 | €708 | = |
| Trade debts44 | €1,207 | - | - | - |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,182 | -€800 | -€800 | = |
| Operating cash flow (approximation) | -€1,182 | -€800 | -€800 | = |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | €0 | €0 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
28-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Gent · event 22-04-2025
2023
23-01
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 17-01-2023
2022
09-12
Interim measure
Provisional administrator
Ondernemingsrechtbank Gent
2021
24-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
25-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 25 days late
31-03
Financial
Liquidity times 93current ratio 1.52
Current ratio from 0.02 to 1.52; short-term debt falls from €65,760 to €708.
2019
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
27-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
23-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2014
25-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2013
31-10
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2012
26-11
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 26 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | KOEN VANDER STUYFT Einestraat 22, 9700 Ouden- Aarde |
17-01-2023 → 22-04-2025 |