COMPOSITE SOLUTIONS
InactiveCOMPOSITE SOLUTIONS was declared bankrupt on 30-09-2021 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed by liquidation by judgment of 03-03-2026, published in the Belgian State Gazette on 09-03-2026.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 16-07-2021, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
15 d early
2019
56 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 21 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 2020, micro schema
Equity
-€1.5m▼ 46.5%
2019 · -€992,747
Total assets
€213,855▼ 45.5%
2019 · €392,505
Net result
-€462,088▼ 166%
2019 · -€173,702
Working capital
-€666,350▼ 29.8%
2019 · -€513,421
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
Line201820192020
Operating result-€17,512--€166,386▼ 850%-€461,541▼ 177%
Net result-€29,748--€173,702▼ 484%-€462,088▼ 166%
Equity-€819,045--€992,747▼ 21.2%-€1.5m▼ 46.5%
Total assets€332,359-€392,505▲ 18.1%€213,855▼ 45.5%
Debt€859,181-€1.1m▲ 23.7%€1.0m▼ 3.6%
Working capital-€615,756--€513,421▲ 16.6%-€666,350▼ 29.8%
Staff (FTE)5.6-4.4▼ 21.4%4▼ 9.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2020 Net result -166% on 2019. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €461,541 in 2020 against €166,386 in 2019; the loss grows and 2020 has the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €213,855
Fixed assets
€5,976 ▼ 40.2%
Current assets
€207,879 ▼ 45.7%
Key figures and ratios
EBITDA
-€456,541▼
2019 · -€161,386
Cash flow
-€457,088▼
2019 · -€168,702
Solvency
-680.3%▼
2019 · -252.9%
Current ratio
0.24▼
2019 · 0.43
Debt to equity
-0.10▲
2019 · -0.16
ROA
-216.1%▼
2019 · -44.3%
Debt ≤ 1 year
€874,229▼
2019 · €895,925
Debt > 1 year
€150,270▼
2019 · €155,522
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40,578 | €5,000 | €5,000 | = |
| Gross operating margin9900 | €232,016 | €9,531 | -€1,360 | ▼ 114% |
| Operating profit (loss)9901 | -€17,512 | -€166,386 | -€461,541 | ▼ 177% |
| Recurring financial income75 | €1,150 | €204 | €2,020 | ▲ 892% |
| Recurring financial charges65 | €13,017 | €7,520 | €2,568 | ▼ 65.9% |
| Profit (loss) for the period before taxes9903 | -€29,379 | -€173,702 | -€462,088 | ▼ 166% |
| Income taxes67/77 | €369 | €0 | - | - |
| Profit (loss) for the period9904 | -€29,748 | -€173,702 | -€462,088 | ▼ 166% |
| Profit (loss) for the period to be appropriated9905 | -€29,748 | -€173,702 | -€462,088 | ▼ 166% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €332,359 | €392,505 | €213,855 | ▼ 45.5% |
| Fixed assets21/28 | €140,381 | €10,001 | €5,976 | ▼ 40.2% |
| Intangible fixed assets21 | €15,000 | €10,000 | €5,000 | ▼ 50.0% |
| Tangible fixed assets22/27 | €122,380 | €0 | - | - |
| Financial fixed assets28 | €3,001 | €1 | €976 | ▲ 97,500% |
| Current assets29/58 | €191,978 | €382,504 | €207,879 | ▼ 45.7% |
| Stocks and contracts in progress3 | €13,918 | €0 | - | - |
| Amounts receivable within one year40/41 | €170,917 | €375,403 | €205,023 | ▼ 45.4% |
| Cash at bank and in hand54/58 | €6,069 | €1,780 | €1,822 | ▲ 2.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €332,359 | €392,505 | €213,855 | ▼ 45.5% |
| Equity10/15 | -€819,045 | -€992,747 | -€1.5m | ▼ 46.5% |
| Contributions10/11 | €18,600 | €18,600 | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€839,505 | -€1.0m | -€1.5m | ▼ 45.6% |
| Provisions and deferred taxes16 | €292,224 | €322,054 | €644,192 | ▲ 100% |
| Amounts payable17/49 | €859,181 | €1.1m | €1.0m | ▼ 3.6% |
| Amounts payable after more than one year17 | €31,259 | €155,522 | €150,270 | ▼ 3.4% |
| Amounts payable within one year42/48 | €807,734 | €895,925 | €874,229 | ▼ 2.4% |
| Trade debts44 | €106,197 | €4,202 | €241,387 | ▲ 5,645% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€29,748 | -€173,702 | -€462,088 | ▼ 166% |
| + Depreciation and write-downs630 | €40,578 | €5,000 | €5,000 | = |
| Operating cash flow (approximation) | €10,830 | -€168,702 | -€457,088 | ▼ 171% |
| Investment in fixed assets (approximation) | - | €125,380 | -€975 | ▼ 101% |
| Change in cash | - | -€4,289 | €42 | ▲ 101% |
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
2026
09-03
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 03-03-2026
2021
07-10
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 30-09-2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€462,088
Net result drops to -€462,088, the lowest in the series.
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 56 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
22-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 295 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 397 days late
20-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 690 days late
2013
29-10
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 90 days late
Show earlier events
2012
17-10
Bankruptcy
Bankruptcy reversal
Rechtbank van koophandel te Antwerpen · event 04-10-2012
20-09
Bankruptcy
Opening
Rechtbank van koophandel te Antwerpen · event 13-09-2012
12-09
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 43 days late
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.
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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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | LUC DE PRÊTRE AMERIKALEI 160, 2000 ANTWERPEN 1- |
30-09-2021 → 03-03-2026 |
| Curator | Mr. GROSS MARC, VAN EYCKLEI 20, 2018 ANTWERPEN-1 |
13-09-2012 → 04-10-2012 |