DO EAT
InactiveSignals
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 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 6 filingsPosition against the passed deadline
31-12-2020 close31-07-2021 deadline01-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 27-08-2020, 27 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 · 6 filingsDeviation from the deadline
2019
27 d late
2018
29 d late
2017
1 d early
2016
30 d late
2015
116 d late
2014
13 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 36 days after the deadline; the Belgian median for financial year 2019 is on the deadline day, and 49% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2019, micro schema
Equity
-€149,492▼ 184%
2018 · -€52,659
Total assets
€241,782▼ 14.2%
2018 · €281,759
Net result
-€96,833▲ 52.8%
2018 · -€205,254
Working capital
-€36,651▼ 57.8%
2018 · -€23,223
Trend over the years
In euros
In euros
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
Line20182019
Operating result-€196,737--€110,787▲ 43.7%
Net result-€205,254--€96,833▲ 52.8%
Equity-€52,659--€149,492▼ 184%
Total assets€281,759-€241,782▼ 14.2%
Debt€334,418-€391,274▲ 17.0%
Working capital-€23,223--€36,651▼ 57.8%
Staff (FTE)1.5-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €110,787 in 2019 against €196,737 in 2018; the loss shrinks.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €241,782
Fixed assets
€179,228 ▲ 18.2%
Current assets
€62,553 ▼ 51.9%
Equity and liabilities
Equity-€149,492
Debt€391,274
Equity is negative: debt (€391,274) exceeds the balance-sheet total (€241,782).
Key figures and ratios
EBITDA
-€57,921▲
2018 · -€158,738
Cash flow
-€43,967▲
2018 · -€167,255
Solvency
-61.8%▼
2018 · -18.7%
Current ratio
0.63▼
2018 · 0.85
Quick ratio
0.39▼
2018 · 0.80
ROA
-40.0%▲
2018 · -72.8%
Debt ≤ 1 year
€99,204▼
2018 · €153,321
Debt > 1 year
€292,070▲
2018 · €181,097
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,999 | €52,866 | ▲ 39.1% |
| Gross operating margin9900 | -€92,339 | €14,691 | ▲ 116% |
| Operating profit (loss)9901 | -€196,737 | -€110,787 | ▲ 43.7% |
| Recurring financial income75 | €94 | €18,004 | ▲ 19,053% |
| Recurring financial charges65 | €8,611 | €4,051 | ▼ 53.0% |
| Profit (loss) for the period before taxes9903 | -€205,254 | -€96,833 | ▲ 52.8% |
| Profit (loss) for the period9904 | -€205,254 | -€96,833 | ▲ 52.8% |
| Profit (loss) for the period to be appropriated9905 | -€205,254 | -€96,833 | ▲ 52.8% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €281,759 | €241,782 | ▼ 14.2% |
| Fixed assets21/28 | €151,661 | €179,228 | ▲ 18.2% |
| Intangible fixed assets21 | €90,875 | €107,776 | ▲ 18.6% |
| Tangible fixed assets22/27 | €60,617 | €67,990 | ▲ 12.2% |
| Financial fixed assets28 | €169 | €3,463 | ▲ 1,949% |
| Current assets29/58 | €130,098 | €62,553 | ▼ 51.9% |
| Stocks and contracts in progress3 | €7,919 | €24,267 | ▲ 206% |
| Amounts receivable within one year40/41 | €52,878 | €10,648 | ▼ 79.9% |
| Cash at bank and in hand54/58 | €67,467 | €27,638 | ▼ 59.0% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €281,759 | €241,782 | ▼ 14.2% |
| Equity10/15 | -€52,659 | -€149,492 | ▼ 184% |
| Contributions10/11 | €150,237 | €150,237 | = |
| Profit (loss) carried forward14 | -€522,659 | -€619,492 | ▼ 18.5% |
| Amounts payable17/49 | €334,418 | €391,274 | ▲ 17.0% |
| Amounts payable after more than one year17 | €181,097 | €292,070 | ▲ 61.3% |
| Amounts payable within one year42/48 | €153,321 | €99,204 | ▼ 35.3% |
| Trade debts44 | €45,464 | €45,548 | ▲ 0.2% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€205,254 | -€96,833 | ▲ 52.8% |
| + Depreciation and write-downs630 | €37,999 | €52,866 | ▲ 39.1% |
| Operating cash flow (approximation) | -€167,255 | -€43,967 | ▲ 73.7% |
| Investment in fixed assets (approximation) | - | -€80,434 | - |
| Change in cash | - | -€39,829 | - |
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
22-03
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise du Brabant wallon · event 18-03-2024
2020
14-09
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · event 07-09-2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
24-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 116 days late
2015
13-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 13 days late
SignalNBB filing
0 of 9 acts read
About the unread acts
We know of 9 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 9 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GERARD LEPLAT Chaussee De Louvain 241, 1410 Waterloo |
07-09-2020 → 18-03-2024 |
Structure & network
Owners and holdings
1 ownerOwners 1
-
25%
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.