DAILY GRIND
InactiveDAILY GRIND was declared bankrupt on 04-05-2023 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 08-10-2024, published in the Belgian State Gazette on 14-10-2024.
Summary
Inactive; last annual accounts for fiscal year 2021.
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 31-10-2022, 4 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 · 2 filingsPosition against the passed deadline
31-10-2022 close31-05-2023 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-10-2021 was due by 31-05-2022 and was filed on 30-06-2022, 30 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 · 2 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
30 d late
2020
92 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€17k▼ 39.5%
2020 · €27k
2020: €27k
2020 → 2021
Total assets
€96k▲ 34.0%
2020 · €71k
2020: €71k
2020 → 2021
Net result
€-11k
2020 · €15k
2020: €15k
2020 → 2021
Working capital
€58k▲ 40.6%
2020 · €41k
2020: €41k
2020 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021Trend
Equity€27k-€17k▼ 39.5%
Operating result€13k-€-14k
Net result€15k-€-11k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €14k after €13k in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €96k
Fixed assets
€7k ▲ 99.3%
Current assets
€89k ▲ 30.7%
Equity and liabilities €96k
Equity
€17k ▼ 39.5%
Debt
€79k ▲ 79.4%
Debt's share of the balance-sheet total rises from 61.8% to 82.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-13k▼
2020 · €14k
Cash flow
€-9k▼
2020 · €16k
Current ratio
2.89▲
2020 · 2.55
Quick ratio
2.53▼
2020 · 2.55
Debt to equity
4.79
ROE
-65.2%▼
2020 · 54.5%
ROA
-11.3%▼
2020 · 20.9%
Interest coverage
-77.97
Debt ≤ 1 year
€31k▲
2020 · €27k
Staff costs
€23k
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 · 2021 against 2020 · 45 lines
Balance sheet
Code20202021
Assets
Total assets20/58€71k€96k▲
Fixed assets21/28€3k€7k▲
Tangible fixed assets22/27€3k€7k▲
Plant, machinery and equipment23-€7k
Current assets29/58€68k€89k▲
Stocks and contracts in progress3-€11k
Stocks30/36-€11k
Amounts receivable within one year40/41€65k€62k▼
Trade receivables40-€4k
Other amounts receivable41-€58k
Cash at bank and in hand54/58€3k€16k▲
Deferred charges and accrued income490/1-€400
Equity and liabilities
Total equity and liabilities10/49€71k€96k▲
Equity10/15€27k€17k▼
Contributions10/11€12k€12k=
Capital10-€12k
Issued capital100-€19k
Uncalled capital101-€6k
Reserves13€744€744=
Non-distributable reserves130/1-€744
Legal reserve130-€744
Profit (loss) carried forward14€14k€3k▼
Amounts payable17/49€44k€79k▲
Amounts payable within one year42/48€27k€31k▲
Trade debts44€12k€14k▲
Suppliers440/4-€14k
Taxes, remuneration and social security45-€16k
Taxes450/3-€8k
Remuneration and social security454/9-€9k
Accrued charges and deferred income492/3-€48k
Income statement
Code20202021
Remuneration, social security and pensions62-€23k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼
Other operating charges640/8-€1k
Gross operating margin9900€142k€11k▼
Operating profit (loss)9901€13k€-14k▼
Financial income75/76B-€4k
Recurring financial income75€3k€4k▲
Financial charges65/66B-€167
Recurring financial charges65€118€167▲
Profit (loss) for the period before taxes9903€16k€-11k▼
Income taxes67/77€743-
Profit (loss) for the period9904€15k€-11k▼
Profit (loss) for the period to be appropriated9905€15k€-11k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€3k
Profit (loss) brought forward from the previous period14P-€14k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
14-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · DAILY GRIND BV BOUWENSSTRAAT 29/404, 2140 BORGERHOUT (ANTWERPEN) · event 08-10-2024
2023
10-05
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · DAILY GRIND BV BOUWENS- STRAAT 29/404, 2140 BORGERHOUT (ANTWERPEN) · event 04-05-2023
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 92 days late
SignalNBB filing
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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | INGE VANHOUTTE HEIDEBAAN 130 E, 9100 SINT-
NIKLAAS |
04-05-2023 → 08-10-2024 |