DONKEY SYSTEMS
InactiveDONKEY SYSTEMS was declared bankrupt on 30-05-2023 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed by liquidation by judgment of 29-10-2024, published in the Belgian State Gazette on 16-12-2024.
Summary
Inactive; last annual accounts for fiscal year 2019.
Signals
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 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 3 filingsPosition against the passed deadline
31-12-2020 close31-07-2021 deadline27-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 31-10-2020, 92 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
92 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its 2019 accounts 92 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 2019, micro schema
Equity
€12,386▲ 154%
2018 · €4,882
Total assets
€165,679▲ 11.5%
2018 · €148,653
Net result
€7,504▲ 47.6%
2018 · €5,086
Working capital
€31,814▼ 20.8%
2018 · €40,173
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
Line20182019
Operating result€5,134-€8,536▲ 66.3%
Net result€5,086-€7,504▲ 47.6%
Equity€4,882-€12,386▲ 154%
Total assets€148,653-€165,679▲ 11.5%
Debt€143,772-€153,293▲ 6.6%
Working capital€40,173-€31,814▼ 20.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2019; 2019 is 66% above 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €165,679
Fixed assets
€6,000 ▼ 52.1%
Current assets
€159,679 ▲ 17.3%
Equity and liabilities €165,679
Equity
€12,386 ▲ 154%
Debt
€153,293 ▲ 6.6%
Debt's share of the balance-sheet total falls from 96.7% to 92.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€15,068▲
2018 · €11,666
Cash flow
€14,035▲
2018 · €11,617
Current ratio
1.25▼
2018 · 1.42
Quick ratio
1.20▲
2018 · 0.81
Debt to equity
2.05▼
2018 · 9.80
ROE
60.6%▼
2018 · 104.2%
ROA
4.5%▲
2018 · 3.4%
Debt ≤ 1 year
€127,864▲
2018 · €95,949
Debt > 1 year
€25,429▼
2018 · €47,823
Income taxes
€1,000
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 | €6,531 | €6,531 | = |
| Gross operating margin9900 | €12,230 | €15,417 | ▲ 26.1% |
| Operating profit (loss)9901 | €5,134 | €8,536 | ▲ 66.3% |
| Recurring financial charges65 | €49 | €33 | ▼ 32.8% |
| Profit (loss) for the period before taxes9903 | €5,086 | €8,504 | ▲ 67.2% |
| Income taxes67/77 | - | €1,000 | - |
| Profit (loss) for the period9904 | €5,086 | €7,504 | ▲ 47.6% |
| Profit (loss) for the period to be appropriated9905 | €5,086 | €7,504 | ▲ 47.6% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €148,653 | €165,679 | ▲ 11.5% |
| Fixed assets21/28 | €12,531 | €6,000 | ▼ 52.1% |
| Tangible fixed assets22/27 | €12,531 | €6,000 | ▼ 52.1% |
| Current assets29/58 | €136,122 | €159,679 | ▲ 17.3% |
| Stocks and contracts in progress3 | €58,430 | €6,700 | ▼ 88.5% |
| Amounts receivable within one year40/41 | €75,692 | €114,888 | ▲ 51.8% |
| Cash at bank and in hand54/58 | €2,000 | €37,964 | ▲ 1,798% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €148,653 | €165,679 | ▲ 11.5% |
| Equity10/15 | €4,882 | €12,386 | ▲ 154% |
| Contributions10/11 | €6,200 | €6,200 | = |
| Reserves13 | - | €400 | - |
| Profit (loss) carried forward14 | -€1,318 | €5,786 | ▲ 539% |
| Amounts payable17/49 | €143,772 | €153,293 | ▲ 6.6% |
| Amounts payable after more than one year17 | €47,823 | €25,429 | ▼ 46.8% |
| Amounts payable within one year42/48 | €95,949 | €127,864 | ▲ 33.3% |
| Trade debts44 | €57,330 | €52,499 | ▼ 8.4% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €5,086 | €7,504 | ▲ 47.6% |
| + Depreciation and write-downs630 | €6,531 | €6,531 | = |
| Operating cash flow (approximation) | €11,617 | €14,035 | ▲ 20.8% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €35,964 | - |
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
16-12
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise francophone de Bruxelles · event 29-10-2024
2023
05-06
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 30-05-2023
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
19-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 50 days late
SignalNBB filing
0 of 6 acts read
About the unread acts
We know of 6 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
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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JEAN-MICHEL DERICK AVENUE LOUISE 391 BTE 3,
1050 FR BRUXELLES 5 |
30-05-2023 → 29-10-2024 |