ERBAY
InactiveERBAY was declared bankrupt on 17-02-2022 (Ondernemingsrechtbank Antwerpen, afdeling Hasselt); the bankruptcy was closed for insufficient assets by judgment of 08-09-2022, published in the Belgian State Gazette on 14-09-2022.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
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 30-06-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
30-06-2021 close31-01-2022 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-06-2020 was due by 31-01-2021 and was filed on 29-04-2021, 88 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 · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
88 d late
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 28 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 2020, micro schema
Turnover
€69,111▼ 58.6%
2019 · €166,894
EBIT margin
-86.8%▼ 82.5pp
2019 · -4.3%
Net result
-€60,327▼ 861%
2019 · -€6,278
Working capital
-€68,000▼ 453%
2019 · -€12,290
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
Line20192020
Turnover€166,894-€69,111▼ 58.6%
Operating result-€7,240--€60,015▼ 729%
Net result-€6,278--€60,327▼ 861%
EBIT margin-4.3%--86.8%▼ 82.5pp
Equity€6,927--€53,400
Total assets€46,158-€19,247▼ 58.3%
Debt€39,230-€72,647▲ 85.2%
Working capital-€12,290--€68,000▼ 453%
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 €60,015 in 2020 against €7,240 in 2019; the loss grows.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €19,247
Fixed assets
€14,600 ▼ 24.0%
Current assets
€4,647 ▼ 82.8%
Key figures and ratios
EBITDA
-€54,193▼
2019 · -€1,555
Cash flow
-€54,505▼
2019 · -€592
Solvency
-277.4%▼
2019 · 15.0%
Current ratio
0.06▼
2019 · 0.69
Quick ratio
0.02▼
2019 · 0.57
ROA
-313.4%▼
2019 · -13.6%
Debt ≤ 1 year
€72,647▲
2019 · €39,230
Income taxes
€220
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Turnover70 | €166,894 | €69,111 | ▼ 58.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,686 | €5,822 | ▲ 2.4% |
| Gross operating margin9900 | €670 | -€52,677 | ▼ 7,965% |
| Operating profit (loss)9901 | -€7,240 | -€60,015 | ▼ 729% |
| Recurring financial income75 | €1,610 | €68 | ▼ 95.8% |
| Recurring financial charges65 | €648 | €161 | ▼ 75.1% |
| Profit (loss) for the period before taxes9903 | -€6,278 | -€60,108 | ▼ 857% |
| Income taxes67/77 | - | €220 | - |
| Profit (loss) for the period9904 | -€6,278 | -€60,327 | ▼ 861% |
| Profit (loss) for the period to be appropriated9905 | -€6,278 | -€60,327 | ▼ 861% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €46,158 | €19,247 | ▼ 58.3% |
| Fixed assets21/28 | €19,218 | €14,600 | ▼ 24.0% |
| Tangible fixed assets22/27 | €14,718 | €10,100 | ▼ 31.4% |
| Financial fixed assets28 | €4,500 | €4,500 | = |
| Current assets29/58 | €26,940 | €4,647 | ▼ 82.8% |
| Stocks and contracts in progress3 | €4,760 | €3,258 | ▼ 31.5% |
| Amounts receivable within one year40/41 | €21,563 | - | - |
| Cash at bank and in hand54/58 | €560 | €1,389 | ▲ 148% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €46,158 | €19,247 | ▼ 58.3% |
| Equity10/15 | €6,927 | -€53,400 | ▼ 871% |
| Contributions10/11 | €18,600 | €18,600 | = |
| Reserves13 | €17,070 | €17,070 | = |
| Profit (loss) carried forward14 | -€28,743 | -€89,070 | ▼ 210% |
| Amounts payable17/49 | €39,230 | €72,647 | ▲ 85.2% |
| Amounts payable within one year42/48 | €39,230 | €72,647 | ▲ 85.2% |
| Trade debts44 | €2,933 | €105 | ▼ 96.4% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€6,278 | -€60,327 | ▼ 861% |
| + Depreciation and write-downs630 | €5,686 | €5,822 | ▲ 2.4% |
| Operating cash flow (approximation) | -€592 | -€54,505 | ▼ 9,102% |
| Investment in fixed assets (approximation) | - | -€1,204 | - |
| Change in cash | - | €828 | - |
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
2022
14-09
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 08-09-2022
02-03
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 17-02-2022
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2019
30-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 56 days late
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 89 days late
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 206 days late
2015
27-02
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 27 days late
2014
02-12
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 670 days late
02-12
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 1036 days late
08-10
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 250 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
3 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | JOHAN DEHAESE LUIKERSTEENWEG 187,
3500 HASSELT |
17-02-2022 → 08-09-2022 |
| Curator | LIEVE DEHAESE LUIKERSTEENWEG 187, 3500 HASSELT |
17-02-2022 → 08-09-2022 |
| Curator | JESSIE DECKMYN LUIKERSTEENWEG 187, 3500 HASSELT- |
17-02-2022 → 08-09-2022 |