CLICK FOR 1
InactiveCLICK FOR 1 was declared bankrupt on 19-02-2024 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 20-05-2025, published in the Belgian State Gazette on 03-06-2025.
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 · 9 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline30-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 30-06-2023, 31 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
31 d early
2021
30 d late
2020
61 d early
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 8 days before 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
€26,152▲ 168%
2021 · €9,752
Total assets
€35,435▲ 6.5%
2021 · €33,274
Net result
€16,400
2021 · -€5,231
Working capital
€11,152
2021 · -€5,248
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
Line20182019202020212022
Operating result€3,054--€3,454€5,220-€5,052€16,583
Net result€2,925--€3,629€5,023-€5,231€16,400
Equity€13,589-€9,960▼ 26.7%€14,983▲ 50.4%€9,752▼ 34.9%€26,152▲ 168%
Total assets€18,447-€18,141▼ 1.7%€25,015▲ 37.9%€33,274▲ 33.0%€35,435▲ 6.5%
Debt€4,858-€8,181▲ 68.4%€10,032▲ 22.6%€23,522▲ 134%€9,283▼ 60.5%
Working capital-€1,411--€5,040▼ 257%-€17▲ 99.7%-€5,248▼ 30,769%€11,152
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2022: €16,583 after a loss of €5,052 in 2021, the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €35,435
Fixed assets
€15,000 =
Current assets
€20,435 ▲ 11.8%
Equity and liabilities €35,435
Equity
€26,152 ▲ 168%
Debt
€9,283 ▼ 60.5%
Debt's share of the balance-sheet total falls from 70.7% to 26.2%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
2.20▲
2021 · 0.78
Debt to equity
0.35▼
2021 · 2.41
ROE
62.7%▲
2021 · -53.6%
ROA
46.3%▲
2021 · -15.7%
Debt ≤ 1 year
€9,283▼
2021 · €23,522
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €88 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €707 | - | - |
| Gross operating margin9900 | €3,501 | -€3,051 | €5,220 | -€4,345 | €16,583 | ▲ 482% |
| Operating profit (loss)9901 | €3,054 | -€3,454 | €5,220 | -€5,052 | €16,583 | ▲ 428% |
| Recurring financial income75 | - | - | €6 | - | - | - |
| Financial charges65/66B | - | - | - | €180 | €183 | ▲ 2.0% |
| Recurring financial charges65 | €129 | €175 | €203 | €180 | €183 | ▲ 2.0% |
| Profit (loss) for the period before taxes9903 | €2,925 | -€3,629 | €5,023 | -€5,231 | €16,400 | ▲ 414% |
| Profit (loss) for the period9904 | €2,925 | -€3,629 | €5,023 | -€5,231 | €16,400 | ▲ 414% |
| Profit (loss) for the period to be appropriated9905 | €2,925 | -€3,629 | €5,023 | -€5,231 | €16,400 | ▲ 414% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €18,447 | €18,141 | €25,015 | €33,274 | €35,435 | ▲ 6.5% |
| Fixed assets21/28 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Intangible fixed assets21 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Current assets29/58 | €3,447 | €3,141 | €10,015 | €18,274 | €20,435 | ▲ 11.8% |
| Amounts receivable within one year40/41 | €847 | - | €9,800 | €15,362 | €20,395 | ▲ 32.8% |
| Other amounts receivable41 | - | - | - | €15,362 | €20,395 | ▲ 32.8% |
| Cash at bank and in hand54/58 | €2,600 | €3,141 | €215 | €1,117 | €40 | ▼ 96.4% |
| Deferred charges and accrued income490/1 | - | - | - | €1,796 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €18,447 | €18,141 | €25,015 | €33,274 | €35,435 | ▲ 6.5% |
| Equity10/15 | €13,589 | €9,960 | €14,983 | €9,752 | €26,152 | ▲ 168% |
| Contributions10/11 | €300,000 | €300,000 | - | €300,000 | €300,000 | = |
| Profit (loss) carried forward14 | -€286,411 | -€290,040 | -€285,017 | -€290,248 | -€273,848 | ▲ 5.7% |
| Amounts payable17/49 | €4,858 | €8,181 | €10,032 | €23,522 | €9,283 | ▼ 60.5% |
| Amounts payable within one year42/48 | €4,858 | €8,181 | €10,032 | €23,522 | €9,283 | ▼ 60.5% |
| Trade debts44 | €493 | €3,593 | €2,225 | €4,124 | €6,153 | ▲ 49.2% |
| Suppliers440/4 | - | - | - | €4,124 | €6,153 | ▲ 49.2% |
| Advances received on contracts in progress46 | - | - | - | €953 | €281 | ▼ 70.5% |
| Taxes, remuneration and social security45 | - | - | - | €1,946 | €1,349 | ▼ 30.7% |
| Taxes450/3 | - | - | - | €1,946 | €1,349 | ▼ 30.7% |
| Other amounts payable47/48 | - | - | - | €16,500 | €1,500 | ▼ 90.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,925 | -€3,629 | €5,023 | -€5,231 | €16,400 | ▲ 414% |
| + Depreciation and write-downs630 | €88 | - | - | - | - | - |
| Operating cash flow (approximation) | €3,013 | -€3,629 | €5,023 | -€5,231 | €16,400 | ▲ 414% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €541 | -€2,926 | €902 | -€1,077 | ▼ 219% |
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
03-06
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · event 20-05-2025
2024
23-02
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 19-02-2024
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €16,400
Net result €16,400 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 2.20
Current ratio from 0.78 to 2.20; short-term debt falls from €23,522 to €9,283.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet -€5,231
Net result drops to -€5,231, the lowest in the series.
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €5,023
Net result €5,023 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
Show earlier events
2017
25-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
04-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
21-04
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
7 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 | Lise HEILPORN CHAUSSEE DE LA HULPE 150,
1170 WATERMAEL-BOITSFORT |
19-02-2024 → 20-05-2025 |