CENTRAL SPARK
InactiveCENTRAL SPARK was declared bankrupt on 29-08-2024 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed by liquidation by judgment of 30-09-2025, published in the Belgian State Gazette on 03-10-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
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 31-12-2023, 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 deadline27-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 12-01-2024, 165 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
165 d late
2021
128 d late
2020
42 d late
2019
19 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 89 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2022, micro schema
Equity
€70,960▼ 37.7%
2021 · €113,852
Total assets
€298,289▼ 7.6%
2021 · €322,803
Net result
-€42,892
2021 · €11,335
Working capital
€43,179▼ 49.3%
2021 · €85,188
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
Line20182019202020212022
Operating result€47,403-€75,221▲ 58.7%€12,453▼ 83.4%-€49,307-€36,741▲ 25.5%
Net result€41,524-€71,732▲ 72.7%€9,959▼ 86.1%€11,335▲ 13.8%-€42,892
Equity€20,826-€92,558▲ 344%€102,517▲ 10.8%€113,852▲ 11.1%€70,960▼ 37.7%
Total assets€183,162-€237,726▲ 29.8%€337,691▲ 42.1%€322,803▼ 4.4%€298,289▼ 7.6%
Debt€162,336-€145,169▼ 10.6%€235,174▲ 62.0%€208,951▼ 11.2%€227,329▲ 8.8%
Working capital€18,838-€80,821▲ 329%€68,854▼ 14.8%€85,188▲ 23.7%€43,179▼ 49.3%
Staff (FTE)4.1-5.8▲ 41.5%4.4▼ 24.1%6.3▲ 43.2%6.3=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €36,741 in 2022 against €49,307 in 2021; the loss shrinks.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €298,289
Fixed assets
€43,060 ▼ 16.8%
Current assets
€255,229 ▼ 5.8%
Equity and liabilities €298,289
Equity
€70,960 ▼ 37.7%
Debt
€227,329 ▲ 8.8%
Debt's share of the balance-sheet total rises from 64.7% to 76.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€21,388▲
2021 · -€35,124
Cash flow
-€27,539▼
2021 · €25,519
Current ratio
1.20▼
2021 · 1.46
Quick ratio
0.58▼
2021 · 0.75
Debt to equity
3.20▲
2021 · 1.84
ROE
-60.4%▼
2021 · 10.0%
ROA
-14.4%▼
2021 · 3.5%
Interest coverage
-3.41▲
2021 · -29.47
Debt ≤ 1 year
€212,051▲
2021 · €185,876
Debt > 1 year
€15,279▼
2021 · €23,075
Staff costs
€210,599▲
2021 · €183,547
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 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €183,547 | €210,599 | ▲ 14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,765 | €3,243 | €6,228 | €14,183 | €15,353 | ▲ 8.2% |
| Other operating charges640/8 | - | - | - | €6,796 | €8,184 | ▲ 20.4% |
| Gross operating margin9900 | €238,527 | €238,558 | €124,620 | €155,220 | €197,395 | ▲ 27.2% |
| Operating profit (loss)9901 | €47,403 | €75,221 | €12,453 | -€49,307 | -€36,741 | ▲ 25.5% |
| Financial income75/76B | - | - | - | €68,430 | €114 | ▼ 99.8% |
| Recurring financial income75 | €117 | €0 | €111 | €51 | €114 | ▲ 124% |
| Non-recurring financial income76B | - | - | - | €68,379 | - | - |
| Financial charges65/66B | - | - | - | €1,192 | €6,265 | ▲ 426% |
| Recurring financial charges65 | €5,888 | €553 | €1,470 | €1,192 | €6,265 | ▲ 426% |
| Profit (loss) for the period before taxes9903 | €41,631 | €74,667 | €11,094 | €17,931 | -€42,892 | ▼ 339% |
| Income taxes67/77 | €107 | €2,936 | €1,134 | €6,596 | - | - |
| Profit (loss) for the period9904 | €41,524 | €71,732 | €9,959 | €11,335 | -€42,892 | ▼ 478% |
| Profit (loss) for the period to be appropriated9905 | €41,524 | €71,732 | €9,959 | €11,335 | -€42,892 | ▼ 478% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €183,162 | €237,726 | €337,691 | €322,803 | €298,289 | ▼ 7.6% |
| Fixed assets21/28 | €1,988 | €11,737 | €64,417 | €51,739 | €43,060 | ▼ 16.8% |
| Intangible fixed assets21 | - | - | €3,913 | €3,070 | €2,227 | ▼ 27.5% |
| Tangible fixed assets22/27 | €1,988 | €11,737 | €60,505 | €47,910 | €40,074 | ▼ 16.4% |
| Land and buildings22 | - | - | - | €10,014 | €13,310 | ▲ 32.9% |
| Plant, machinery and equipment23 | - | - | - | €2,671 | €2,788 | ▲ 4.4% |
| Furniture and vehicles24 | - | - | - | €35,225 | €23,976 | ▼ 31.9% |
| Financial fixed assets28 | - | - | - | €760 | €760 | = |
| Current assets29/58 | €181,174 | €225,990 | €273,274 | €271,064 | €255,229 | ▼ 5.8% |
| Stocks and contracts in progress3 | €32,228 | €46,201 | €42,428 | €131,790 | €131,790 | = |
| Stocks30/36 | - | - | - | €42,428 | €42,428 | = |
| Contracts in progress37 | - | - | - | €89,361 | €89,361 | = |
| Amounts receivable within one year40/41 | €132,345 | €160,881 | €152,525 | €103,973 | €119,617 | ▲ 15.0% |
| Trade receivables40 | - | - | - | €90,168 | €96,141 | ▲ 6.6% |
| Other amounts receivable41 | - | - | - | €13,805 | €23,476 | ▲ 70.1% |
| Cash at bank and in hand54/58 | €15,732 | €15,997 | €41,842 | €32,186 | €3,823 | ▼ 88.1% |
| Deferred charges and accrued income490/1 | - | - | - | €3,115 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €183,162 | €237,726 | €337,691 | €322,803 | €298,289 | ▼ 7.6% |
| Equity10/15 | €20,826 | €92,558 | €102,517 | €113,852 | €70,960 | ▼ 37.7% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | = |
| Reserves13 | €84,409 | €84,409 | €84,409 | €107,652 | €84,409 | ▼ 21.6% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | - | - | €82,549 | €82,549 | = |
| Distributable reserves133 | - | - | - | €23,243 | - | - |
| Profit (loss) carried forward14 | -€69,783 | €1,948 | €11,908 | - | -€19,649 | - |
| Amounts payable17/49 | €162,336 | €145,169 | €235,174 | €208,951 | €227,329 | ▲ 8.8% |
| Amounts payable after more than one year17 | - | - | €30,755 | €23,075 | €15,279 | ▼ 33.8% |
| Financial debts170/4 | - | - | - | €23,075 | €15,279 | ▼ 33.8% |
| Amounts payable within one year42/48 | €162,336 | €145,169 | €204,420 | €185,876 | €212,051 | ▲ 14.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €7,679 | €9,470 | ▲ 23.3% |
| Financial debts43 | - | - | - | €1,242 | - | - |
| Credit institutions430/8 | - | - | - | €1,242 | - | - |
| Trade debts44 | €139,545 | €86,859 | €118,103 | €71,106 | €111,265 | ▲ 56.5% |
| Suppliers440/4 | - | - | - | €71,106 | €111,265 | ▲ 56.5% |
| Taxes, remuneration and social security45 | - | - | - | €44,096 | €28,428 | ▼ 35.5% |
| Taxes450/3 | - | - | - | €12,204 | €2,975 | ▼ 75.6% |
| Remuneration and social security454/9 | - | - | - | €31,892 | €25,453 | ▼ 20.2% |
| Other amounts payable47/48 | - | - | - | €61,753 | €62,887 | ▲ 1.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41,524 | €71,732 | €9,959 | €11,335 | -€42,892 | ▼ 478% |
| + Depreciation and write-downs630 | €1,765 | €3,243 | €6,228 | €14,183 | €15,353 | ▲ 8.2% |
| Operating cash flow (approximation) | €43,289 | €74,975 | €16,187 | €25,519 | -€27,539 | ▼ 208% |
| Investment in fixed assets (approximation) | - | -€12,992 | -€58,909 | -€1,505 | -€6,674 | ▼ 343% |
| Change in cash | - | €266 | €25,845 | -€9,656 | -€28,364 | ▼ 194% |
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
03-10
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 30-09-2025
2024
05-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 29-08-2024
12-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 165 days late
2022
31-12
Financial
Weakest financial yearnet -€42,892
Net result drops to -€42,892, the lowest in the series.
06-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 128 days late
2021
11-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 42 days late
2020
31-12
Financial
Equity above €100,000Eq €102,517 ▲10.8%
3 profitable years in a row build equity to €102,517.
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
31-12
Financial
Highest result since 2018net €71,732 ▲72.7%
Operating result €75,221, net result €71,732, both a record.
23-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 84 days late
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
02-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 2 days late
Show earlier events
2016
08-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
01-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
16-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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 | SVEN LEENDERS GROTE STEENWEG 154,
2600 BERCHEM (ANTWERPEN) |
29-08-2024 → 30-09-2025 |
Recognitions · licences · registrations
Dual-learning approval
2 endedElektrische installaties duaal (so)
Elektrotechnisch installateur (vwo)