CLASS - X
Open bankruptcyA bankruptcy procedure is open for CLASS - X according to publications in the Belgian State Gazette; curator: DELPHINE DUQUESNOY.
Summary
The 2022 annual accounts show negative equity (€-484k) and a net result of €-605k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 27-09-2023, 58 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
58 d late
2021
1 d early
2020
64 d early
2019
35 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-605k
2021 · €8k
2018: €-19k
2019: €-84k
2020: €-44k
2021: €8k
2018 → 2022
Working capital
€-46k
2021 · €165k
2018: €236k
2019: €229k
2020: €181k
2021: €165k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€241k-€157k▼ 34.8%€113k▼ 28.1%€121k▲ 7.1%€-484k
Operating result€2k-€-59k€-21k▲ 64.9%€23k€-595k
Net result€-19k-€-84k▼ 346%€-44k▲ 47.5%€8k€-605k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €595k after €23k in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €602k
Fixed assets
€13k ▲ 289%
Current assets
€589k ▼ 50.9%
Key figures and ratios
EBITDA
€-594k▼
2021 · €25k
Cash flow
€-604k▼
2021 · €10k
Solvency
-80.4%▼
2021 · 10.0%
Current ratio
0.93▼
2021 · 1.16
Quick ratio
0.78▲
2021 · 0.41
Debt to equity
-2.24▼
2021 · 8.96
ROA
-100.4%▼
2021 · 0.7%
Interest coverage
-59.06▼
2021 · 1.60
Debt
€1.09M▲
2021 · €1.08M
Debt ≤ 1 year
€635k▼
2021 · €1.04M
Debt > 1 year
€449k▲
2021 · €48k
Income taxes
€9k▲
2021 · €106
Staff costs
€10k▼
2021 · €21k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 53 lines
Balance sheet
Code20212022
Assets
Total assets20/58€1.20M€602k▼
Fixed assets21/28€3k€13k▲
Tangible fixed assets22/27-€7k
Other tangible fixed assets26-€7k
Financial fixed assets28€3k€5k▲
Current assets29/58€1.20M€589k▼
Amounts receivable after more than one year29€94k€94k=
Other amounts receivable291€94k€94k=
Stocks and contracts in progress3€771k€93k▼
Contracts in progress37€771k€93k▼
Amounts receivable within one year40/41€291k€381k▲
Trade receivables40€256k€375k▲
Other amounts receivable41€35k€5k▼
Cash at bank and in hand54/58€21k€22k▲
Deferred charges and accrued income490/1€25k-
Equity and liabilities
Total equity and liabilities10/49€1.20M€602k▼
Equity10/15€121k€-484k▼
Contributions10/11€100k€100k=
Reserves13€10k€10k=
Non-distributable reserves130/1€10k€10k=
Reserves not available under the articles1311€10k€10k=
Profit (loss) carried forward14€11k€-594k▼
Amounts payable17/49€1.08M€1.09M▲
Amounts payable after more than one year17€48k€449k▲
Financial debts170/4€48k€449k▲
Amounts payable within one year42/48€1.04M€635k▼
Current portion of amounts payable after more than one year42€25k€144k▲
Financial debts43€196k€223k▲
Credit institutions430/8€196k€223k▲
Trade debts44-€160k
Suppliers440/4-€160k
Taxes, remuneration and social security45€437€15k▲
Taxes450/3€106€15k▲
Remuneration and social security454/9€331-
Other amounts payable47/48€814k€93k▼
Accrued charges and deferred income492/3-€2k
Income statement
Code20212022
Remuneration, social security and pensions62€21k€10k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€33k
Other operating charges640/8€1k€11k▲
Gross operating margin9900€47k€-541k▼
Operating profit (loss)9901€23k€-595k▼
Financial income75/76B€397€9k▲
Recurring financial income75€397€9k▲
Financial charges65/66B€15k€10k▼
Recurring financial charges65€15k€10k▼
Profit (loss) for the period before taxes9903€8k€-596k▼
Income taxes67/77€106€9k▲
Profit (loss) for the period9904€8k€-605k▼
Profit (loss) for the period to be appropriated9905€8k€-605k▼
Appropriation of the result
Profit (loss) to be appropriated9906€11k€-594k▼
Profit (loss) brought forward from the previous period14P€3k€11k▲
Social balance
Average headcount (FTE)90871.40.3▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
29-09
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · CLASS - X SPRL AVENUE PASTEUR 6/H, 1300 WAVRE · event 25-09-2023
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 58 days late
2022
31-12
Financial
Weakest financial yearnet €-605k ▼7681%
Net result drops to €-605k, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €8k
Net result €8k after 3 loss-making years.
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
07-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
28-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 28 days late
2014
27-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 27 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
1 establishment unit since 2003
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.
Ground area
1.7 ha
Building footprint
1,071 m²
Volume, LiDAR
12,979 m³
Parcel 25112N0017/00A002, Wallonia · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Establishment
since 20032.126.532.087
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25112N0017/00A002 | Wallonia | 1.7 ha | 1 · 1,071 m² | 14.7 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | DELPHINE DUQUESNOY RUE DE LA FONTAINE
SAINT-GERY 9, 1450 0 CHASTRE |
25-09-2023 → present |
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Of 1,437 companies in sector 79110 we hold annual accounts for 880. 750 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded17-01-2003
Fiscal year end31-12
Activities, NACEBEL 2025
79110Travel agency activities
79120Travel agency, tour operator and other reservation service and related activities
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.