EXPERTISE & SOLUTION
InactiveEXPERTISE & SOLUTION was declared bankrupt on 25-10-2022 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 12-12-2023, published in the Belgian State Gazette on 19-12-2023.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four 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 · 4 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline22-09-2026 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 01-07-2022, 30 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
30 d early
2020
31 d late
2019
24 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Equity
€16k▼ 65.1%
2020 · €45k
2018: €22k
2019: €38k
2020: €45k
2018 → 2021
Total assets
€99k▼ 18.3%
2020 · €121k
2018: €52k
2019: €91k
2020: €121k
2018 → 2021
Net result
€-29k
2020 · €7k
2018: €16k
2019: €3k
2020: €7k
2018 → 2021
Working capital
€16k▼ 65.1%
2020 · €45k
2018: €-3k
2019: €19k
2020: €45k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€22k-€38k▲ 72.5%€45k▲ 18.6%€16k▼ 65.1%
Operating result€20k-€8k▼ 60.5%€11k▲ 38.9%€-26k
Net result€16k-€3k▼ 78.0%€7k▲ 103%€-29k
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 2021: a loss of €26k after €11k in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Equity and liabilities €99k
Equity
€16k▼ 65.1%
Debt
€83k▲ 9.2%
The debt ratio rises from 63.0% to 84.2%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
15.8%▼
2020 · 37.0%
Current ratio
1.19▼
2020 · 1.59
Quick ratio
1.19▼
2020 · 1.59
Debt / equity
5.32
ROE
-186.8%▼
2020 · 15.7%
ROA
-29.5%▼
2020 · 5.8%
Debt
€83k▲
2020 · €76k
Debt ≤ 1 year
€83k▲
2020 · €76k
Staff costs
€61k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€121k€99k▼
Current assets29/58€121k€99k▼
Stocks and contracts in progress3€60k-
Amounts receivable within one year40/41€59k€98k▲
Trade receivables40-€97k
Other amounts receivable41-€2k
Cash at bank and in hand54/58€1k€73▼
Deferred charges and accrued income490/1-€326
Equity and liabilities
Total equity and liabilities10/49€121k€99k▼
Equity10/15€45k€16k▼
Contributions10/11€19k€19k=
Outside capital11-€19k
Other1109/19-€19k
Reserves13€26k€2k▼
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Profit (loss) carried forward14-€-5k
Amounts payable17/49€76k€83k▲
Amounts payable within one year42/48€76k€83k▲
Financial debts43-€2k
Credit institutions430/8-€2k
Trade debts44€58k€67k▲
Suppliers440/4-€67k
Advances received on contracts in progress46-€402
Taxes, remuneration and social security45-€7k
Taxes450/3-€6k
Remuneration and social security454/9-€1k
Other amounts payable47/48-€6k
Income statement
Code20202021
Remuneration, social security and pensions62-€61k
Other operating charges640/8-€285
Gross operating margin9900€42k€35k▼
Operating profit (loss)9901€11k€-26k▼
Financial income75/76B-€12
Recurring financial income75€67€12▼
Financial charges65/66B-€3k
Recurring financial charges65€1k€3k▲
Profit (loss) for the period before taxes9903€10k€-29k▼
Income taxes67/77€3k-
Profit (loss) for the period9904€7k€-29k▼
Profit (loss) for the period to be appropriated9905€7k€-29k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-29k
Transfer from equity791/2-€24k
Timeline · acts, filings and financial milestones
2023
19-12
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · EXPERTISE & SOLUTION BV K EN H DE RAEDEMAEKERLAAN 1, 1780 WEMMEL · event 12-12-2023
2022
31-10
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · EXPERTISE & SOLUTION BV K EN H DE RAEDEMAEKERLAAN 1, 1780 WEMMEL · event 25-10-2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-29k ▼516%
Net result drops to €-29k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 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.
Directors · office · real estate
Directors
2 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
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JEROEN PINOY STATIONSSTRAAT 117, 1840 LONDER-
ZEEL |
25-10-2022 → present |