FIRRA
InactiveFIRRA was declared bankrupt on 07-09-2023 (Ondernemingsrechtbank Antwerpen, afdeling Hasselt); the bankruptcy was closed for insufficient assets by judgment of 30-04-2024, published in the Belgian State Gazette on 07-05-2024.
Summary
Inactive; last annual accounts for fiscal year 2022.
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 31-12-2023, 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 · 5 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 01-09-2023, 32 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
32 d late
2021
53 d late
2020
1 d early
2019
6 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 23 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 2022, micro schema
Equity
-€67,202▼ 16.7%
2021 · -€57,583
Total assets
€11,185▼ 50.8%
2021 · €22,712
Net result
-€9,620▲ 50.6%
2021 · -€19,459
Working capital
-€43,995▼ 61.5%
2021 · -€27,245
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
Line20182019202020212022
Operating result-€2,497--€4,067▼ 62.9%-€32,467▼ 698%-€18,389▲ 43.4%-€8,531▲ 53.6%
Net result-€5,331--€5,432▼ 1.9%-€33,561▼ 518%-€19,459▲ 42.0%-€9,620▲ 50.6%
Equity€869--€4,563-€38,124▼ 736%-€57,583▼ 51.0%-€67,202▼ 16.7%
Total assets€95,640-€36,287▼ 62.1%€23,994▼ 33.9%€22,712▼ 5.3%€11,185▼ 50.8%
Debt€94,771-€40,850▼ 56.9%€62,118▲ 52.1%€80,294▲ 29.3%€78,387▼ 2.4%
Working capital-€5,922--€12,172▼ 106%-€18,416▼ 51.3%-€27,245▼ 47.9%-€43,995▼ 61.5%
Staff (FTE)11.2▲ 20.0%
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 €8,531 in 2022 against €18,389 in 2021; the loss shrinks.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €11,185
Fixed assets
€6,500 ▼ 47.6%
Current assets
€4,685 ▼ 54.5%
Key figures and ratios
EBITDA
-€2,627▲
2021 · -€10,818
Cash flow
-€3,715▲
2021 · -€11,887
Solvency
-600.8%▼
2021 · -253.5%
Current ratio
0.10▼
2021 · 0.27
Quick ratio
0.07▼
2021 · 0.23
Debt to equity
-1.17▲
2021 · -1.39
ROA
-86.0%▼
2021 · -85.7%
Interest coverage
-2.41▲
2021 · -10.12
Debt ≤ 1 year
€48,680▲
2021 · €37,552
Debt > 1 year
€3,050▼
2021 · €11,997
Staff costs
€42,080▲
2021 · €15,447
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 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €15,447 | €42,080 | ▲ 172% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,881 | €7,571 | €7,571 | €7,571 | €5,905 | ▼ 22.0% |
| Other operating charges640/8 | - | - | - | €2,424 | €1,122 | ▼ 53.7% |
| Gross operating margin9900 | €16,022 | €6,127 | -€22,489 | €7,053 | €40,576 | ▲ 475% |
| Operating profit (loss)9901 | -€2,497 | -€4,067 | -€32,467 | -€18,389 | -€8,531 | ▲ 53.6% |
| Financial income75/76B | - | - | - | €0 | €0 | ▲ 186% |
| Recurring financial income75 | €30 | €0 | €126 | €0 | €0 | ▲ 186% |
| Financial charges65/66B | - | - | - | €1,069 | €1,089 | ▲ 1.8% |
| Recurring financial charges65 | €2,864 | €1,365 | €1,220 | €1,069 | €1,089 | ▲ 1.8% |
| Profit (loss) for the period before taxes9903 | -€5,331 | -€5,432 | -€33,561 | -€19,459 | -€9,620 | ▲ 50.6% |
| Profit (loss) for the period9904 | -€5,331 | -€5,432 | -€33,561 | -€19,459 | -€9,620 | ▲ 50.6% |
| Profit (loss) for the period to be appropriated9905 | -€5,331 | -€5,432 | -€33,561 | -€19,459 | -€9,620 | ▲ 50.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €95,640 | €36,287 | €23,994 | €22,712 | €11,185 | ▼ 50.8% |
| Fixed assets21/28 | €35,119 | €27,548 | €19,976 | €12,405 | €6,500 | ▼ 47.6% |
| Intangible fixed assets21 | €28,786 | €23,214 | €17,643 | €12,071 | €6,500 | ▼ 46.2% |
| Tangible fixed assets22/27 | €6,333 | €4,333 | €2,333 | €333 | - | - |
| Plant, machinery and equipment23 | - | - | - | €333 | - | - |
| Current assets29/58 | €60,521 | €8,740 | €4,018 | €10,307 | €4,685 | ▼ 54.5% |
| Stocks and contracts in progress3 | €1,787 | €1,974 | €481 | €1,635 | €1,135 | ▼ 30.5% |
| Stocks30/36 | - | - | - | €1,635 | €1,135 | ▼ 30.5% |
| Amounts receivable within one year40/41 | €51,545 | €126 | €973 | €1,191 | €306 | ▼ 74.3% |
| Trade receivables40 | - | - | - | €1,191 | €306 | ▼ 74.3% |
| Cash at bank and in hand54/58 | €6,670 | €1,666 | €1,995 | €7,482 | €2,984 | ▼ 60.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | €260 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €95,640 | €36,287 | €23,994 | €22,712 | €11,185 | ▼ 50.8% |
| Equity10/15 | €869 | -€4,563 | -€38,124 | -€57,583 | -€67,202 | ▼ 16.7% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€5,331 | -€10,763 | -€44,324 | -€63,783 | -€73,402 | ▼ 15.1% |
| Amounts payable17/49 | €94,771 | €40,850 | €62,118 | €80,294 | €78,387 | ▼ 2.4% |
| Amounts payable after more than one year17 | €28,328 | €19,939 | €19,939 | €11,997 | €3,050 | ▼ 74.6% |
| Financial debts170/4 | - | - | - | €11,997 | €3,050 | ▼ 74.6% |
| Amounts payable within one year42/48 | €66,443 | €20,911 | €22,434 | €37,552 | €48,680 | ▲ 29.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €8,652 | €8,947 | ▲ 3.4% |
| Financial debts43 | - | - | - | €2 | - | - |
| Credit institutions430/8 | - | - | - | €2 | - | - |
| Trade debts44 | €55,773 | €5,354 | €2,935 | €4,687 | €8,361 | ▲ 78.4% |
| Suppliers440/4 | - | - | - | €4,687 | €8,361 | ▲ 78.4% |
| Taxes, remuneration and social security45 | - | - | - | €5,744 | €8,212 | ▲ 43.0% |
| Taxes450/3 | - | - | - | €4,052 | €4,140 | ▲ 2.2% |
| Remuneration and social security454/9 | - | - | - | €1,692 | €4,071 | ▲ 141% |
| Other amounts payable47/48 | - | - | - | €18,467 | €23,161 | ▲ 25.4% |
| Accrued charges and deferred income492/3 | - | - | - | €30,746 | €26,657 | ▼ 13.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,331 | -€5,432 | -€33,561 | -€19,459 | -€9,620 | ▲ 50.6% |
| + Depreciation and write-downs630 | €13,881 | €7,571 | €7,571 | €7,571 | €5,905 | ▼ 22.0% |
| Operating cash flow (approximation) | €8,550 | €2,140 | -€25,990 | -€11,887 | -€3,715 | ▲ 68.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€5,003 | €329 | €5,487 | -€4,498 | ▼ 182% |
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
07-05
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 30-04-2024
2023
25-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 07-09-2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
22-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 53 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€33,561
Net result drops to -€33,561, the lowest in the series.
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 6 days late
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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 |
07-09-2023 → 30-04-2024 |
| Curator | LIEVE DEHAESE LUIKERSTEENWEG 187, 3500 HASSELT |
07-09-2023 → 30-04-2024 |
| Curator | JESSIE DECKMYN LUIKERSTEENWEG 187, 3500 HASSELT- |
07-09-2023 → 30-04-2024 |