DEVCOM-MEDIA
InactiveDEVCOM-MEDIA was declared bankrupt on 10-01-2022 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 16-05-2023, published in the Belgian State Gazette on 25-05-2023.
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 · 3 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 20-10-2021, 81 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
81 d late
2019
265 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 173 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
-€9,949▲ 34.0%
2019 · -€15,084
Total assets
€16,157▼ 74.1%
2019 · €62,295
Net result
-€4,865
2019 · €923
Working capital
-€9,949▲ 46.9%
2019 · -€18,721
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-€21,764-€2,363-€4,056
Net result-€22,507-€923-€4,865
Equity-€16,007--€15,084▲ 5.8%-€9,949▲ 34.0%
Total assets€58,972-€62,295▲ 5.6%€16,157▼ 74.1%
Debt€74,979-€77,379▲ 3.2%€26,106▼ 66.3%
Working capital-€23,281--€18,721▲ 19.6%-€9,949▲ 46.9%
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 2020: a loss of €4,056 after €2,363 in 2019.
Key figures and ratios
EBITDA
-€420▼
2019 · €6,000
Cash flow
-€1,228▼
2019 · €4,560
Solvency
-61.6%▼
2019 · -24.2%
Current ratio
0.62▼
2019 · 0.76
ROA
-30.1%▼
2019 · 1.5%
Debt ≤ 1 year
€26,106▼
2019 · €77,379
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 | €4,403 | €3,637 | €3,637 | = |
| Gross operating margin9900 | -€17,362 | €6,070 | -€420 | ▼ 107% |
| Operating profit (loss)9901 | -€21,764 | €2,363 | -€4,056 | ▼ 272% |
| Recurring financial income75 | - | €1 | - | - |
| Recurring financial charges65 | €743 | €1,440 | €808 | ▼ 43.9% |
| Profit (loss) for the period before taxes9903 | -€22,507 | €923 | -€4,865 | ▼ 627% |
| Profit (loss) for the period9904 | -€22,507 | €923 | -€4,865 | ▼ 627% |
| Profit (loss) for the period to be appropriated9905 | -€22,507 | €923 | -€4,865 | ▼ 627% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €58,972 | €62,295 | €16,157 | ▼ 74.1% |
| Fixed assets21/28 | €7,274 | €3,637 | - | - |
| Tangible fixed assets22/27 | €7,274 | €3,637 | - | - |
| Current assets29/58 | €51,698 | €58,658 | €16,157 | ▼ 72.5% |
| Amounts receivable within one year40/41 | €50,663 | €56,450 | €13,969 | ▼ 75.3% |
| Cash at bank and in hand54/58 | €1,035 | €2,209 | €2,189 | ▼ 0.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €58,972 | €62,295 | €16,157 | ▼ 74.1% |
| Equity10/15 | -€16,007 | -€15,084 | -€9,949 | ▲ 34.0% |
| Contributions10/11 | €6,500 | €6,500 | €16,500 | ▲ 154% |
| Profit (loss) carried forward14 | -€22,507 | -€21,584 | -€26,449 | ▼ 22.5% |
| Amounts payable17/49 | €74,979 | €77,379 | €26,106 | ▼ 66.3% |
| Amounts payable within one year42/48 | €74,979 | €77,379 | €26,106 | ▼ 66.3% |
| Trade debts44 | €30,499 | €34,018 | - | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€22,507 | €923 | -€4,865 | ▼ 627% |
| + Depreciation and write-downs630 | €4,403 | €3,637 | €3,637 | = |
| Operating cash flow (approximation) | -€18,104 | €4,560 | -€1,228 | ▼ 127% |
| Investment in fixed assets (approximation) | - | €0 | - | - |
| Change in cash | - | €1,174 | -€20 | ▼ 102% |
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
2023
25-05
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · event 16-05-2023
2022
17-01
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 10-01-2022
2021
20-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 81 days late
22-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 265 days late
2019
31-12
Financial
Back to profitnet €923
Net result €923 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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 | JEAN-MICHEL DERICK AVENUE LOUISE 391 BTE 3,
1050 FR BRUXELLES 5 |
10-01-2022 → 16-05-2023 |