Coin Mining Solutions
Open bankruptcyA bankruptcy procedure is open for Coin Mining Solutions according to publications in the Belgian State Gazette; curator: PATRICK SCHRUERS. The 2022 annual accounts show equity of €682k and a net result of €-32k.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2022, abbreviated schema
Equity
€682k▼ 4.5%
2021 · €714k
2019: €-347k
2020: €-525k
2021: €714k
2019 → 2022
Total assets
€2.30M▲ 2.6%
2021 · €2.24M
2019: €860k
2020: €955k
2021: €2.24M
2019 → 2022
Net result
€-32k
2021 · €290k
2019: €-367k
2020: €-179k
2021: €290k
2019 → 2022
Working capital
€793k▲ 316%
2021 · €191k
2019: €-368k
2020: €-412k
2021: €191k
2019 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212022Trend
Equity€-347k-€-525k▼ 51.5%€714k€682k▼ 4.5%
Operating result€-497k-€-190k▲ 61.9%€304k€-24k
Net result€-367k-€-179k▲ 51.3%€290k€-32k
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 turns negative in 2022: a loss of €24k after €304k in 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €2.30M
Fixed assets
€633k▼ 39.6%
Current assets
€1.67M▲ 39.5%
Equity and liabilities €2.30M
Equity
€682k▼ 4.5%
Debt
€1.62M▲ 5.9%
The debt ratio rises from 68.2% to 70.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€170k▼
2021 · €497k
Cash flow
€162k▼
2021 · €483k
Solvency
29.6%▼
2021 · 31.8%
Current ratio
1.91▲
2021 · 1.19
Quick ratio
1.91▲
2021 · 1.19
Debt / equity
2.38▲
2021 · 2.14
ROE
-4.7%▼
2021 · 40.6%
ROA
-1.4%▼
2021 · 12.9%
Interest coverage
17.65▲
2021 · 5.43
Debt
€1.62M▲
2021 · €1.53M
Debt ≤ 1 year
€875k▼
2021 · €1.01M
Debt > 1 year
€717k▲
2021 · €519k
Staff costs
€55k▲
2021 · €9k
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€2.24M€2.30M▲
Fixed assets21/28€1.05M€633k▼
Tangible fixed assets22/27€977k€633k▼
Land and buildings22€7k€5k▼
Plant, machinery and equipment23€964k€623k▼
Furniture and vehicles24€6k€4k▼
Financial fixed assets28€70k-
Current assets29/58€1.20M€1.67M▲
Amounts receivable after more than one year29-€5k
Other amounts receivable291-€5k
Amounts receivable within one year40/41€1.01M€1.66M▲
Trade receivables40€798k€951k▲
Other amounts receivable41€214k€708k▲
Cash at bank and in hand54/58€179k€3k▼
Deferred charges and accrued income490/1€5k€1k▼
Equity and liabilities
Total equity and liabilities10/49€2.24M€2.30M▲
Equity10/15€714k€682k▼
Contributions10/11€970k€970k=
Profit (loss) carried forward14€-256k€-288k▼
Amounts payable17/49€1.53M€1.62M▲
Amounts payable after more than one year17€519k€717k▲
Financial debts170/4€519k€717k▲
Amounts payable within one year42/48€1.01M€875k▼
Trade debts44€844k€689k▼
Suppliers440/4€844k€689k▼
Taxes, remuneration and social security45€2k€18k▲
Taxes450/3-€3k
Remuneration and social security454/9€2k€15k▲
Other amounts payable47/48€159k€168k▲
Accrued charges and deferred income492/3€5k€27k▲
Income statement
Code20212022
Non-recurring operating income76A-€241k
Remuneration, social security and pensions62€9k€55k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€193k€194k▲
Other operating charges640/8€3k€1k▼
Gross operating margin9900€509k€226k▼
Operating profit (loss)9901€304k€-24k▼
Financial income75/76B€77k€1k▼
Recurring financial income75€77k€1k▼
Financial charges65/66B€92k€10k▼
Recurring financial charges65€92k€10k▼
Profit (loss) for the period before taxes9903€290k€-32k▼
Profit (loss) for the period9904€290k€-32k▼
Profit (loss) for the period to be appropriated9905€290k€-32k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-256k€-288k▼
Profit (loss) brought forward from the previous period14P€-545k€-256k▲
Social balance
Average headcount (FTE)9087-1.0
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
16-04
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · COIN MINING SOLUTIONS BV BILZERSTEENWEG 476B, 3700 TONGEREN-BORGLOON · event 10-04-2025
2024
26-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 270 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Back to profitnet €290k
Net result €290k after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 1.19
Current ratio from 0.37 to 1.19.
31-12
Financial
Equity above €500kEq €714k
Equity rises from €-525k to €714k.
11-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 72 days late
2020
12-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 104 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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
Registered office, Tongeren · 1 establishment unit since 2018
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.
Bilzersteenweg 476B3700 TongerenGround area
889 m²
Building footprint
137 m²
Volume, LiDAR
365 m³
Parcel 73069B0014/00L002, Flanders · tallest building 4.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Coin Mining Solutions
since 20182.274.926.845
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73069B0014/00L002 | Flanders | 889 m² | 1 · 137 m² | 4.8 m · 1 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 | PATRICK SCHRUERS KEMPISCHE KAAI 7 C/1.01,
3500 HASSELT |
10-04-2025 → present |
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Of 2,726 companies in sector 63100 we hold annual accounts for 1,272. 756 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-01-2018
Fiscal year end31-12
Abbreviation NL
CMS
Activities, NACEBEL
63100Computing infrastructure, data processing, hosting and related activities
63110Computing infrastructure, data processing, hosting and other information service activities
62010Computer programming, consultancy and related activities
62020IT consultancy
62030Computer programming, consultancy and related activities
62100Computer programming
62200Computer consultancy and computer facilities management
63920Other information service activities
63990Computing infrastructure, data processing, hosting and other information service activities
77330Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryWebsite:www.coinminingsolutions.eu