EUPHORIA ADVICE

Inactive

KBO/BCE: BE 0810.291.874

EUPHORIA ADVICE was declared bankrupt on 07-03-2023 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed by liquidation by judgment of 02-02-2026, published in the Belgian State Gazette on 06-02-2026.

Summary

Inactive; last annual accounts for fiscal year 2022.

Watch Print / PDF

Signals

Three signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Prior bankruptcy

Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.

Belgian State Gazette

Two or more financial years not filed

Since the financial year that closed on 31-03-2023, 3 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 · 10 filings

Position against the passed deadline

31-03-2023 close31-10-2023 deadline24-09-2026 today

Latest accounts filed on time

The financial year that closed on 31-03-2022 was due by 31-10-2022 and was filed on 19-09-2022, 42 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not filed

2024

not filed

2023

not filed

2022

42 d early

2021

13 d early

2020

46 d early

2019

44 d early

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2022, micro schema

Equity

€19k▲ 0.2%

2021 · €19k

2019: €-3k 2020: €11k 2021: €19k

2019 → 2022

Total assets

€1.47M▲ 1.3%

2021 · €1.45M

2019: €780k 2020: €1.50M 2021: €1.45M

2019 → 2022

Net result

€38▼ 99.5%

2021 · €8k

2019: €41k 2020: €2k 2021: €8k

2019 → 2022

Working capital

€-555k▼ 11.5%

2021 · €-497k

2019: €-100k 2020: €-464k 2021: €-497k

2019 → 2022

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2019202020212022Trend

Equity€-3k-€11k€19k▲ 67.4%€19k▲ 0.2%

Operating result€60k-€29k▼ 51.3%€34k▲ 16.0%€45k▲ 34.4%

Net result€41k-€2k▼ 94.8%€8k▲ 254%€38▼ 99.5%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2020 the operating result has climbed two years in a row; 2022 is 34% above 2021.

Balance-sheet composition

2022 in colour, 2021 as the grey bar beneath

Assets €1.47M

85.6%

14.4%

Fixed assets €1.26M ▼ 2.9%

Current assets €211k ▲ 36.5%

Equity and liabilities €1.47M

98.7%

Equity €19k ▲ 0.2%

Debt €1.45M ▲ 1.3%

Debt's share of the balance-sheet total stays at 98.7%.

Key figures and ratios

2022 value · change against 2021

EBITDA

€97k▲

2021 · €95k

Cash flow

€52k▼

2021 · €69k

Current ratio

0.28▲

2021 · 0.24

Debt to equity

77.41▲

2021 · 41.64

ROE

0.2%▼

2021 · 40.3%

ROA

0.0%▼

2021 · 0.5%

Interest coverage

2.23

Debt ≤ 1 year

€766k▲

2021 · €652k

Debt > 1 year

€683k▼

2021 · €778k

Income taxes

€2k▼

2021 · €5k

Staff costs

€228k

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€1.45M€1.47M▲

Fixed assets21/28€1.29M€1.26M▼

Tangible fixed assets22/27€1.29M€1.26M▼

Land and buildings22-€1.14M

Plant, machinery and equipment23-€342

Furniture and vehicles24-€11k

Leasing and similar rights25-€109k

Financial fixed assets28€550€550=

Current assets29/58€155k€211k▲

Amounts receivable within one year40/41€133k€176k▲

Trade receivables40-€172k

Other amounts receivable41-€4k

Current investments50/53-€20k

Cash at bank and in hand54/58€3k€4k▲

Deferred charges and accrued income490/1-€12k

Equity and liabilities

Total equity and liabilities10/49€1.45M€1.47M▲

Equity10/15€19k€19k▲

Contributions10/11-€19k

Outside capital11-€19k

Other1109/19-€19k

Reserves13€483€483=

Non-distributable reserves130/1-€483

Reserves not available under the articles1311-€483

Profit (loss) carried forward14€-393€-355▲

Amounts payable17/49€1.43M€1.45M▲

Amounts payable after more than one year17€778k€683k▼

Financial debts170/4-€683k

Amounts payable within one year42/48€652k€766k▲

Current portion of amounts payable after more than one year42-€99k

Trade debts44€3k€21k▲

Suppliers440/4-€21k

Taxes, remuneration and social security45-€42k

Taxes450/3-€6k

Remuneration and social security454/9-€35k

Other amounts payable47/48-€605k

Income statement Code20212022

Remuneration, social security and pensions62-€228k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€61k€52k▼

Other operating charges640/8-€4k

Gross operating margin9900€322k€329k▲

Operating profit (loss)9901€34k€45k▲

Financial charges65/66B-€43k

Recurring financial charges65€21k€43k▲

Profit (loss) for the period before taxes9903€13k€2k▼

Income taxes67/77€5k€2k▼

Profit (loss) for the period9904€8k€38▼

Profit (loss) for the period to be appropriated9905€8k€38▼

Appropriation of the result

Profit (loss) to be appropriated9906-€-355

Profit (loss) brought forward from the previous period14P-€-393

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 13Signals 2Financial 1Filings 10

2026

06-02

Bankruptcy Bankruptcy closure (by liquidation)

Ondernemingsrechtbank Gent, afdeling Dendermonde · EUPHORIA ADVICE BV PERELSTRAAT(KAL) 20, 9120 BEVEREN-KRUIBEKE-ZWIJN- DRECHT · event 02-02-2026

2023

14-03

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Dendermonde · EUPHORIA ADVICE BV PEREL- STRAAT(KAL) 20, 9120 BEVEREN-WAAS · event 07-03-2023

2022

19-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

31-03

Financial Weakest financial yearnet €38 ▼99.5%

Net result drops to €38, the lowest in the series.

2021

18-10

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2020

15-09

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2019

17-09

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2018

17-09

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2017

19-09

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2016

19-09

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2015

15-09

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

2014

23-09

NBB filing Annual accounts filed

fiscal year 2014 · abbreviated schema

2013

13-09

NBB filing Annual accounts filed

fiscal year 2013 · abbreviated schema

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Insolvency mandates

2 mandates

Role	Name	Tenure
Curator	MARGA PIETERS AFFLIGEMDREEF 144, 9300 AALST- ↔ Also on 144 other cases	07-03-2023 → 02-02-2026
Curator	PIETER WAUMAN VIJFSTRATEN 57, 9100 SINT-NIKLAAS ↔ Also on 100 other cases	07-03-2023 → 02-02-2026