F4F
InactiveF4F was declared bankrupt on 26-07-2022 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed for insufficient assets by judgment of 30-05-2023, published in the Belgian State Gazette on 05-06-2023.
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 · 10 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 14-07-2022, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
17 d early
2020
158 d late
2019
447 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 196 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 2021, micro schema
Equity
-€9,022
2020 · €3,412
Total assets
€1,169▼ 90.5%
2020 · €12,308
Net result
-€12,434▼ 1,131%
2020 · -€1,010
Working capital
-€9,071
2020 · €3,362
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
Line2018201920202021
Operating result-€965-€20,308-€962-€10,581▼ 1,000%
Net result-€980-€19,979-€1,010-€12,434▼ 1,131%
Equity-€15,556-€4,422€3,412▼ 22.8%-€9,022
Total assets€113-€20,249▲ 17,847%€12,308▼ 39.2%€1,169▼ 90.5%
Debt€15,669-€15,827▲ 1.0%€8,896▼ 43.8%€10,190▲ 14.5%
Working capital-€15,606-€4,373€3,362▼ 23.1%-€9,071
Staff (FTE)0.3
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 €10,581 in 2021 against €962 in 2020; the loss grows and 2021 has the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €1,169
Fixed assets
€50 =
Current assets
€1,119 ▼ 90.9%
Key figures and ratios
Debt ≤ 1 year
€10,190▲
2020 · €8,896
Ratios withheld: a balance sheet total of €1,169 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €2,130 | - |
| Gross operating margin9900 | -€660 | €33,337 | -€962 | -€8,451 | ▼ 778% |
| Operating profit (loss)9901 | -€965 | €20,308 | -€962 | -€10,581 | ▼ 1,000% |
| Financial income75/76B | - | - | - | €0 | - |
| Recurring financial income75 | - | €76 | - | €0 | - |
| Financial charges65/66B | - | - | - | €1,853 | - |
| Recurring financial charges65 | €15 | €405 | €48 | €1,853 | ▲ 3,749% |
| Profit (loss) for the period before taxes9903 | -€980 | €19,979 | -€1,010 | -€12,434 | ▼ 1,131% |
| Profit (loss) for the period9904 | -€980 | €19,979 | -€1,010 | -€12,434 | ▼ 1,131% |
| Profit (loss) for the period to be appropriated9905 | -€980 | €19,979 | -€1,010 | -€12,434 | ▼ 1,131% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €113 | €20,249 | €12,308 | €1,169 | ▼ 90.5% |
| Fixed assets21/28 | €50 | €50 | €50 | €50 | = |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €63 | €20,200 | €12,259 | €1,119 | ▼ 90.9% |
| Amounts receivable within one year40/41 | €58 | €9,380 | €1,431 | €220 | ▼ 84.6% |
| Other amounts receivable41 | - | - | - | €220 | - |
| Current investments50/53 | - | €174 | €174 | €174 | = |
| Cash at bank and in hand54/58 | €6 | €10,646 | €10,654 | €725 | ▼ 93.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €113 | €20,249 | €12,308 | €1,169 | ▼ 90.5% |
| Equity10/15 | -€15,556 | €4,422 | €3,412 | -€9,022 | ▼ 364% |
| Contributions10/11 | €65,000 | €65,000 | €65,000 | €65,000 | = |
| Capital10 | - | - | - | €65,000 | - |
| Issued capital100 | - | - | - | €65,000 | - |
| Reserves13 | €8,420 | €8,420 | €8,420 | €8,420 | = |
| Non-distributable reserves130/1 | - | - | - | €8,420 | - |
| Legal reserve130 | - | - | - | €8,420 | - |
| Profit (loss) carried forward14 | -€88,976 | -€68,998 | -€70,008 | -€82,442 | ▼ 17.8% |
| Amounts payable17/49 | €15,669 | €15,827 | €8,896 | €10,190 | ▲ 14.5% |
| Amounts payable within one year42/48 | €15,669 | €15,827 | €8,896 | €10,190 | ▲ 14.5% |
| Trade debts44 | - | €15,326 | €4,133 | €9,602 | ▲ 132% |
| Suppliers440/4 | - | - | - | €9,602 | - |
| Taxes, remuneration and social security45 | - | - | - | €52 | - |
| Taxes450/3 | - | - | - | €52 | - |
| Other amounts payable47/48 | - | - | - | €537 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€980 | €19,979 | -€1,010 | -€12,434 | ▼ 1,131% |
| Operating cash flow (approximation) | -€980 | €19,979 | -€1,010 | -€12,434 | ▼ 1,131% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | €10,641 | €8 | -€9,929 | ▼ 131,259% |
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
05-06
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Gent · event 30-05-2023
2022
01-08
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 26-07-2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
05-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 158 days late
2021
31-12
Financial
Weakest financial yearnet -€12,434
Net result drops to -€12,434, the lowest in the series.
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 447 days late
2019
31-12
Financial
Back to profitnet €19,979
Net result €19,979 after one loss-making year.
31-12
Financial
Liquidity times 316current ratio 1.28
Current ratio from 0.00 to 1.28.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
19-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 19 days late
Show earlier events
2015
27-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
06-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 6 days late
2013
20-06
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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 | HILDE DE BOEVER BRUSSELSESTEENWEG 346 C BUS 1,
9090 MELLE |
26-07-2022 → 30-05-2023 |