DISPLAY FACTORY
InactiveSignals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2012. Since then, 13 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2013 close31-07-2014 deadline01-10-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2012 was due by 31-07-2013 and was filed on 10-12-2013, 132 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2012
132 d late
2011
497 d late
2010
11 d late
2009
51 d early
2008
155 d early
2007
29 d late
2006
27 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Which other companies belong to the same group?Accoform · 21 companies
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2012, abbreviated schema
Equity
-€366,739
2011 · €34,558
Total assets
€584,363▼ 39.2%
2011 · €960,623
Net result
-€401,297▲ 15.4%
2011 · -€474,537
Working capital
-€328,479
2011 · €34,963
Trend over the years
In euros
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In full-time equivalents (FTE)
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
Line2009201020112012
Operating result€115,379--€309,522-€463,022▼ 49.6%-€353,038▲ 23.8%
Net result€134,988-€327,763▲ 143%-€474,537-€401,297▲ 15.4%
Equity€181,333-€509,096▲ 181%€34,558▼ 93.2%-€366,739
Total assets€1.4m-€1.2m▼ 11.8%€960,623▼ 20.0%€584,363▼ 39.2%
Debt€1.2m-€691,513▼ 41.4%€926,065▲ 33.9%€951,101▲ 2.7%
Working capital€89,092-€598,505▲ 572%€34,963▼ 94.2%-€328,479
Staff (FTE)7.7-8.7▲ 13.0%9.4▲ 8.0%8.8▼ 6.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €353,038 in 2012 against €463,022 in 2011; the loss shrinks.
Balance-sheet composition
2012 in colour, 2011 as the grey bar beneath
Assets €584,363
Fixed assets
€40,740 ▼ 37.7%
Current assets
€543,622 ▼ 39.3%
Equity and liabilities
Equity-€366,739
Debt€951,101
Equity is negative: debt (€951,101) exceeds the balance-sheet total (€584,363).
Key figures and ratios
EBITDA
-€320,106▲
2011 · -€373,719
Cash flow
-€368,365▲
2011 · -€385,235
Solvency
-62.8%▼
2011 · 3.6%
Current ratio
0.62▼
2011 · 1.04
Quick ratio
0.54▼
2011 · 0.93
ROA
-68.7%▼
2011 · -49.4%
Debt ≤ 1 year
€872,101▲
2011 · €860,280
Income taxes
-€3▼
2011 · €10
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €74,923 | €64,084 | €89,303 | €32,932 | ▼ 63.1% |
| Gross operating margin9900 | €674,666 | €325,404 | €587,755 | €262,793 | ▼ 55.3% |
| Operating profit (loss)9901 | €115,379 | -€309,522 | -€463,022 | -€353,038 | ▲ 23.8% |
| Recurring financial income75 | €17,269 | €6,258 | €2,972 | €40,721 | ▲ 1,270% |
| Recurring financial charges65 | €3,819 | €19,194 | €24,906 | €4,170 | ▼ 83.3% |
| Profit (loss) for the period before taxes9903 | €135,882 | €327,946 | -€474,528 | -€401,300 | ▲ 15.4% |
| Income taxes67/77 | €893 | €184 | €10 | -€3 | ▼ 134% |
| Profit (loss) for the period9904 | €134,988 | €327,763 | -€474,537 | -€401,297 | ▲ 15.4% |
| Profit (loss) for the period to be appropriated9905 | €134,988 | €327,763 | -€474,537 | -€401,297 | ▲ 15.4% |
| Line | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.4m | €1.2m | €960,623 | €584,363 | ▼ 39.2% |
| Fixed assets21/28 | €143,130 | €115,120 | €65,380 | €40,740 | ▼ 37.7% |
| Intangible fixed assets21 | €115,593 | €106,327 | €60,995 | €38,160 | ▼ 37.4% |
| Tangible fixed assets22/27 | €27,536 | €8,793 | €4,385 | €2,580 | ▼ 41.2% |
| Current assets29/58 | €1.2m | €1.1m | €895,243 | €543,622 | ▼ 39.3% |
| Stocks and contracts in progress3 | €68,820 | €67,626 | €99,015 | €71,276 | ▼ 28.0% |
| Amounts receivable within one year40/41 | €756,135 | €777,272 | €623,602 | €404,468 | ▼ 35.1% |
| Cash at bank and in hand54/58 | €209,589 | €162,283 | €63,915 | €14,253 | ▼ 77.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.4m | €1.2m | €960,623 | €584,363 | ▼ 39.2% |
| Equity10/15 | €181,333 | €509,096 | €34,558 | -€366,739 | ▼ 1,161% |
| Contributions10/11 | €612,000 | €612,000 | €612,000 | €612,000 | = |
| Reserves13 | €54,144 | €54,144 | €54,144 | €54,144 | = |
| Profit (loss) carried forward14 | -€484,811 | -€157,048 | -€631,585 | -€1.0m | ▼ 63.5% |
| Amounts payable17/49 | €1.2m | €691,513 | €926,065 | €951,101 | ▲ 2.7% |
| Amounts payable after more than one year17 | €1,850 | - | - | - | - |
| Amounts payable within one year42/48 | €1.1m | €486,985 | €860,280 | €872,101 | ▲ 1.4% |
| Trade debts44 | €1.0m | €390,510 | €628,010 | €557,040 | ▼ 11.3% |
| Line | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €134,988 | €327,763 | -€474,537 | -€401,297 | ▲ 15.4% |
| + Depreciation and write-downs630 | €74,923 | €64,084 | €89,303 | €32,932 | ▼ 63.1% |
| Operating cash flow (approximation) | €209,912 | €391,846 | -€385,235 | -€368,365 | ▲ 4.4% |
| Investment in fixed assets (approximation) | - | -€36,074 | -€39,563 | -€8,292 | ▲ 79.0% |
| Change in cash | - | -€47,305 | -€98,368 | -€49,662 | ▲ 49.5% |
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
2024
08-01
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 02-01-2024
2014
27-02
Bankruptcy
Opening
Rechtbank van Koophandel te Antwerpen · event 20-02-2014
2013
10-12
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 132 days late
10-12
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 497 days late
2011
31-12
Financial
Weakest financial yearnet -€474,537
Net result drops to -€474,537, the lowest in the series.
11-02
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 11 days late
2010
30-06
Financial
Highest result since 2009net €327,763 ▲143%
Net result €327,763, the highest in the series.
30-06
Financial
Liquidity doublescurrent ratio 2.23
Current ratio from 1.08 to 2.23; short-term debt falls from €1.1m to €486,985.
30-06
Financial
Equity above €500,000Eq €509,096 ▲181%
2 profitable years in a row build equity to €509,096.
2009
11-12
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema
2008
29-08
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema
29-08
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema · 29 days late
Show earlier events
2007
27-08
NBB filing
Annual accounts filed
fiscal year 2006 · abbreviated schema · 27 days late
2006
11-07
NBB filing
Annual accounts filed
fiscal year 2005 · abbreviated schema
2005
16-08
NBB filing
Annual accounts filed
fiscal year 2004 · abbreviated schema · 16 days late
2004
01-07
NBB filing
Annual accounts filed
fiscal year 2003 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Mr. VAN DENABEELE Guy, Van Beethoven-Straat 28, Bus 402, 2018 Antwerpen-1 |
20-02-2014 → 02-01-2024 |
Structure & network
Part of the group
Accoform
21 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- Accoform
- RISC GROUP
- DISPLAY FACTORY
Highest known parent: Accoform. The sources do not say who stands above it.
Owners 1
- RISC GROUPparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.