ELINES
Open bankruptcyA bankruptcy procedure is open for ELINES according to publications in the Belgian State Gazette; curator: YUQIN CHEN.
Summary
The 2022 annual accounts show equity of €5k and a net result of €-5k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Turnover
€0
Total assets
€48k▼ 38.4%
2021 · €79k
2018: €149k
2019: €223k▲ +49.4% vs 2018highest in 5 years
2020: €81k▼ -63.6% vs 2019
2021: €79k▼ -2.8% vs 2020
2022: €48k▼ -38.4% vs 2021lowest in 5 years
2018 → 2022
Net result
€-5k▼ 445%
2021 · €-935
2018: €22khighest in 5 years
2019: €20k▼ -10.6% vs 2018
2020: €-50k▼ -353% vs 2019lowest in 5 years
2021: €-935▲ +98.1% vs 2020
2022: €-5k▼ -445% vs 2021
2018 → 2022
Working capital
€-11k▼ 2,688%
2021 · €-408
2018: €32k
2019: €50k▲ +55.1% vs 2018highest in 5 years
2020: €3k▼ -94.1% vs 2019
2021: €-408▼ -114% vs 2020
2022: €-11k▼ -2688% vs 2021lowest in 5 years
2018 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€0
Equity€41k-€61k▲ 48.2%€11k▼ 82.2%€10k▼ 8.6%€5k▼ 51.2%
2018: €41k
2019: €61k▲ +48.2% vs 2018highest in 5 years
2020: €11k▼ -82.2% vs 2019
2021: €10k▼ -8.6% vs 2020
2022: €5k▼ -51.2% vs 2021lowest in 5 years
Operating result€33k-€30k▼ 7.9%€-50k€4k€-10k
2018: €33khighest in 5 years
2019: €30k▼ -7.9% vs 2018
2020: €-50k▼ -265% vs 2019lowest in 5 years
2021: €4k▲ +107% vs 2020
2022: €-10k▼ -372% vs 2021
Net result€22k-€20k▼ 10.6%€-50k€-935▲ 98.1%€-5k▼ 445%
2018: €22khighest in 5 years
2019: €20k▼ -10.6% vs 2018
2020: €-50k▼ -353% vs 2019lowest in 5 years
2021: €-935▲ +98.1% vs 2020
2022: €-5k▼ -445% vs 2021
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 2022: a loss of €10k after €4k in 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €48k
Fixed assets
€16k ▲ 56.8%
Current assets
€32k ▼ 52.8%
Equity and liabilities €48k
Equity
€5k ▼ 51.2%
Debt
€44k ▼ 36.5%
Debt's share of the balance-sheet total rises from 87.4% to 90.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-5k▼
2021 · €6k
Cash flow
€-11▼
2021 · €1k
Current ratio
0.74▼
2021 · 0.99
Debt to equity
8.98▲
2021 · 6.91
ROE
-104.8%▼
2021 · -9.4%
ROA
-10.5%▼
2021 · -1.2%
Interest coverage
-7.42▼
2021 · 6.67
Debt ≤ 1 year
€44k▼
2021 · €69k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 48 lines
Balance sheet
Code20212022
Assets
Total assets20/58€79k€48k▼
Fixed assets21/28€10k€16k▲
Tangible fixed assets22/27€10k€16k▲
Plant, machinery and equipment23€2k€867▼
Furniture and vehicles24€5k€9k▲
Other tangible fixed assets26€4k€6k▲
Current assets29/58€68k€32k▼
Amounts receivable within one year40/41€67k€32k▼
Trade receivables40€64k€15k▼
Other amounts receivable41€3k€17k▲
Cash at bank and in hand54/58€1k€69▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€79k€48k▼
Equity10/15€10k€5k▼
Contributions10/11€19k€19k=
Capital10€0-
Issued capital100€0-
Outside capital11€19k-
Other1109/19€19k-
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€0-
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-11k€-16k▼
Amounts payable17/49€69k€44k▼
Amounts payable within one year42/48€69k€44k▼
Trade debts44€7k€7k▼
Suppliers440/4€7k€7k▼
Taxes, remuneration and social security45€0€0=
Taxes450/3€0€0=
Other amounts payable47/48€62k€37k▼
Income statement
Code20212022
Turnover70€0-
Goods, raw materials, services and sundry goods60/61€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€5k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€2k
Other operating charges640/8€3k€32k▲
Gross operating margin9900€9k€30k▲
Operating profit (loss)9901€4k€-10k▼
Financial income75/76B€198€5k▲
Recurring financial income75€198€5k▲
Financial charges65/66B€905€648▼
Recurring financial charges65€905€648▼
Profit (loss) for the period before taxes9903€3k€-5k▼
Income taxes67/77€4k-
Profit (loss) for the period9904€-935€-5k▼
Profit (loss) for the period to be appropriated9905€-935€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-11k€-16k▼
Profit (loss) brought forward from the previous period14P€-10k€-11k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €0 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €2k | €3k | €2k | €5k | ▲ 112% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €8k | - | €2k | - |
| Other operating charges640/8 | - | - | €2k | €3k | €32k | ▲ 1,063% |
| Gross operating margin9900 | €36k | €139k | €-37k | €9k | €30k | ▲ 236% |
| Operating profit (loss)9901 | €33k | €30k | €-50k | €4k | €-10k | ▼ 372% |
| Financial income75/76B | - | - | - | €198 | €5k | ▲ 2,645% |
| Recurring financial income75 | €280 | €136 | - | €198 | €5k | ▲ 2,645% |
| Financial charges65/66B | - | - | €484 | €905 | €648 | ▼ 28.4% |
| Recurring financial charges65 | €490 | €632 | €484 | €905 | €648 | ▼ 28.4% |
| Profit (loss) for the period before taxes9903 | €32k | €30k | €-50k | €3k | €-5k | ▼ 274% |
| Income taxes67/77 | €10k | €10k | - | €4k | - | - |
| Profit (loss) for the period9904 | €22k | €20k | €-50k | €-935 | €-5k | ▼ 445% |
| Profit (loss) for the period to be appropriated9905 | €22k | €20k | €-50k | €-935 | €-5k | ▼ 445% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €149k | €223k | €81k | €79k | €48k | ▼ 38.4% |
| Fixed assets21/28 | €9k | €11k | €8k | €10k | €16k | ▲ 56.8% |
| Tangible fixed assets22/27 | €9k | €11k | €8k | €10k | €16k | ▲ 56.8% |
| Plant, machinery and equipment23 | - | - | €3k | €2k | €867 | ▼ 53.8% |
| Furniture and vehicles24 | - | - | €461 | €5k | €9k | ▲ 86.2% |
| Other tangible fixed assets26 | - | - | €4k | €4k | €6k | ▲ 74.8% |
| Current assets29/58 | €140k | €212k | €73k | €68k | €32k | ▼ 52.8% |
| Stocks and contracts in progress3 | €5k | €11k | - | - | - | - |
| Amounts receivable within one year40/41 | €104k | €196k | €71k | €67k | €32k | ▼ 52.1% |
| Trade receivables40 | - | - | €71k | €64k | €15k | ▼ 77.2% |
| Other amounts receivable41 | - | - | - | €3k | €17k | ▲ 544% |
| Cash at bank and in hand54/58 | €31k | €5k | €1k | €1k | €69 | ▼ 94.0% |
| Deferred charges and accrued income490/1 | - | - | €96 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €149k | €223k | €81k | €79k | €48k | ▼ 38.4% |
| Equity10/15 | €41k | €61k | €11k | €10k | €5k | ▼ 51.2% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | - | - | €19k | €0 | - | - |
| Issued capital100 | - | - | €19k | €0 | - | - |
| Outside capital11 | - | - | - | €19k | - | - |
| Other1109/19 | - | - | - | €19k | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | - | €2k | €2k | €2k | = |
| Legal reserve130 | - | - | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €2k | €2k | = |
| Profit (loss) carried forward14 | €20k | €40k | €-10k | €-11k | €-16k | ▼ 46.5% |
| Amounts payable17/49 | €108k | €162k | €70k | €69k | €44k | ▼ 36.5% |
| Amounts payable within one year42/48 | €108k | €162k | €70k | €69k | €44k | ▼ 36.5% |
| Trade debts44 | €75k | €93k | €49k | €7k | €7k | ▼ 0.3% |
| Suppliers440/4 | - | - | €49k | €7k | €7k | ▼ 0.3% |
| Taxes, remuneration and social security45 | - | - | €13k | €0 | €0 | - |
| Taxes450/3 | - | - | €13k | €0 | €0 | - |
| Other amounts payable47/48 | - | - | €8k | €62k | €37k | ▼ 40.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22k | €20k | €-50k | €-935 | €-5k | ▼ 445% |
| + Depreciation and write-downs630 | €1k | €2k | €3k | €2k | €5k | ▲ 112% |
| Operating cash flow (approximation) | €24k | €22k | €-47k | €1k | €-11 | ▼ 101% |
| Investment in fixed assets (approximation) | - | €-4k | €0 | €-5k | €-11k | ▼ 127% |
| Change in cash | - | €-26k | €-3k | €-346 | €-1k | ▼ 212% |
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
24-09
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 16-09-2024
15-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 259 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 348 days late
2020
31-12
Financial
Weakest financial yearnet €-50k
Net result drops to €-50k, the lowest in the series.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
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
Registered office, Clavier · 1 establishment unit since 2018
Ground area
529 m²
Building footprint
101 m²
Volume, LiDAR
640 m³
Parcel 61045A0068/00C000, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
ELINESCO.COM
since 20182.274.463.027
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61045A0068/00C000 | Wallonia | 529 m² | 1 · 101 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | YUQIN CHEN RUE DE LA LECHE 36 36, 4020 LIEGE 2- |
16-09-2024 → present |
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Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 2,950 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded15-03-2018
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
46321Wholesale of meat and meat products, excluding game and poultry
46322Wholesale trade
46323Wholesale trade
47110Non-specialised retail sale with food, beverages or tobacco predominating
62900Other information technology and computer services
63100Computing infrastructure, data processing, hosting and related activities
63910Web portal activities
73110Advertising agencies
74120Graphic design and visual communication
Contact
E-mail
elinesbvba@icloud.comClavier
Scores and ratios are computed by Checked and are not a credit decision.