EBULLITION
InactiveEBULLITION was declared bankrupt on 22-11-2022 (Tribunal de l’entreprise du Hainaut, division Tournai); the bankruptcy was closed for insufficient assets by judgment of 27-06-2023, published in the Belgian State Gazette on 07-07-2023.
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 31-12-2022, 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
31-12-2022 close31-07-2023 deadline26-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 13-06-2022, 48 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
48 d early
2020
38 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 43 days before 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 2021, micro schema
Equity
-€19,270▼ 100%
2020 · -€9,633
Total assets
€25,276▲ 20.6%
2020 · €20,963
Net result
-€9,637▲ 34.1%
2020 · -€14,633
Working capital
-€21,053▼ 100%
2020 · -€10,523
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
Line20202021
Operating result-€14,247--€8,746▲ 38.6%
Net result-€14,633--€9,637▲ 34.1%
Equity-€9,633--€19,270▼ 100%
Total assets€20,963-€25,276▲ 20.6%
Debt€30,596-€44,546▲ 45.6%
Working capital-€10,523--€21,053▼ 100%
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 €8,746 in 2021 against €14,247 in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €25,276
Fixed assets
€1,782 ▲ 409%
Current assets
€23,493 ▲ 17.0%
Key figures and ratios
EBITDA
-€7,711▲
2020 · -€13,696
Cash flow
-€8,602▲
2020 · -€14,082
Solvency
-76.2%▼
2020 · -46.0%
Current ratio
0.53▼
2020 · 0.66
Quick ratio
0.46▲
2020 · 0.46
Debt to equity
-2.31
ROA
-38.1%▲
2020 · -69.8%
Interest coverage
-8.33
Debt ≤ 1 year
€44,546▲
2020 · €30,596
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Non-recurring operating income76A | - | €11,724 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €551 | €1,035 | ▲ 87.8% |
| Other operating charges640/8 | - | €313 | - |
| Gross operating margin9900 | -€13,144 | -€7,398 | ▲ 43.7% |
| Operating profit (loss)9901 | -€14,247 | -€8,746 | ▲ 38.6% |
| Financial income75/76B | - | €35 | - |
| Recurring financial income75 | €3 | €35 | ▲ 1,170% |
| Financial charges65/66B | - | €926 | - |
| Recurring financial charges65 | €389 | €926 | ▲ 138% |
| Profit (loss) for the period before taxes9903 | -€14,633 | -€9,637 | ▲ 34.1% |
| Profit (loss) for the period9904 | -€14,633 | -€9,637 | ▲ 34.1% |
| Profit (loss) for the period to be appropriated9905 | -€14,633 | -€9,637 | ▲ 34.1% |
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €20,963 | €25,276 | ▲ 20.6% |
| Formation expenses20 | €539 | - | - |
| Fixed assets21/28 | €350 | €1,782 | ▲ 409% |
| Tangible fixed assets22/27 | €350 | €1,782 | ▲ 409% |
| Plant, machinery and equipment23 | - | €233 | - |
| Furniture and vehicles24 | - | €1,549 | - |
| Current assets29/58 | €20,074 | €23,493 | ▲ 17.0% |
| Stocks and contracts in progress3 | €6,059 | €2,928 | ▼ 51.7% |
| Stocks30/36 | - | €2,928 | - |
| Amounts receivable within one year40/41 | €14,015 | €20,424 | ▲ 45.7% |
| Trade receivables40 | - | €17,201 | - |
| Other amounts receivable41 | - | €3,222 | - |
| Cash at bank and in hand54/58 | - | €142 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €20,963 | €25,276 | ▲ 20.6% |
| Equity10/15 | -€9,633 | -€19,270 | ▼ 100% |
| Contributions10/11 | - | €5,000 | - |
| Profit (loss) carried forward14 | -€14,633 | -€24,270 | ▼ 65.9% |
| Amounts payable17/49 | €30,596 | €44,546 | ▲ 45.6% |
| Amounts payable within one year42/48 | €30,596 | €44,546 | ▲ 45.6% |
| Financial debts43 | - | €4,514 | - |
| Credit institutions430/8 | - | €4,514 | - |
| Trade debts44 | €21,129 | €19,816 | ▼ 6.2% |
| Suppliers440/4 | - | €19,816 | - |
| Advances received on contracts in progress46 | - | €8,004 | - |
| Taxes, remuneration and social security45 | - | €9,566 | - |
| Taxes450/3 | - | €9,566 | - |
| Other amounts payable47/48 | - | €2,646 | - |
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€14,633 | -€9,637 | ▲ 34.1% |
| + Depreciation and write-downs630 | €551 | €1,035 | ▲ 87.8% |
| Operating cash flow (approximation) | -€14,082 | -€8,602 | ▲ 38.9% |
| Investment in fixed assets (approximation) | - | -€2,467 | - |
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
07-07
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise du Hainaut, division Tournai · event 27-06-2023
2022
28-11
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Tournai · event 22-11-2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
SignalNBB filing
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.
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Directors · office · real estate
Directors
4 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 | LAURENT GUSTIN GRAND ROUTE, 105,
7530 GAURAIN-RAMECROIX- .
Date provisoire de cessation de paiement : 22/11/2022 |
22-11-2022 → 27-06-2023 |