FIRST STONE
InactiveFIRST STONE was declared bankrupt on 17-10-2022 (Ondernemingsrechtbank Antwerpen, afdeling Mechelen); the bankruptcy was closed by liquidation by judgment of 26-02-2024, published in the Belgian State Gazette on 01-03-2024.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline26-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 26-01-2022, 179 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
179 d late
2019
143 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 161 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
Equity
€142,998▼ 25.5%
2019 · €191,849
Total assets
€359,911▼ 0.6%
2019 · €361,968
Net result
-€48,851
2019 · €5,761
Working capital
€257,928▼ 12.6%
2019 · €295,120
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
Line201820192020
Operating result€42,931--€6,418-€48,812▼ 661%
Net result€29,933-€5,761▼ 80.8%-€48,851
Equity€186,088-€191,849▲ 3.1%€142,998▼ 25.5%
Total assets€319,286-€361,968▲ 13.4%€359,911▼ 0.6%
Debt€133,198-€170,119▲ 27.7%€216,913▲ 27.5%
Working capital€186,088-€295,120▲ 58.6%€257,928▼ 12.6%
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 €48,812 in 2020 against €6,418 in 2019; the loss grows and 2020 has the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Equity and liabilities €359,911
Equity
€142,998 ▼ 25.5%
Debt
€216,913 ▲ 27.5%
Debt's share of the balance-sheet total rises from 47.0% to 60.3%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
3.53▼
2019 · 5.41
ROE
-34.2%▼
2019 · 3.0%
ROA
-13.6%▼
2019 · 1.6%
Debt ≤ 1 year
€101,983▲
2019 · €66,847
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Gross operating margin9900 | €52,377 | -€5,960 | -€48,812 | ▼ 719% |
| Operating profit (loss)9901 | €42,931 | -€6,418 | -€48,812 | ▼ 661% |
| Recurring financial income75 | €8,056 | €22,248 | - | - |
| Recurring financial charges65 | €1,611 | €522 | €38 | ▼ 92.7% |
| Profit (loss) for the period before taxes9903 | €49,376 | €15,308 | -€48,851 | ▼ 419% |
| Income taxes67/77 | €19,443 | €9,547 | - | - |
| Profit (loss) for the period9904 | €29,933 | €5,761 | -€48,851 | ▼ 948% |
| Profit (loss) for the period to be appropriated9905 | €29,933 | €5,761 | -€48,851 | ▼ 948% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €319,286 | €361,968 | €359,911 | ▼ 0.6% |
| Current assets29/58 | €319,286 | €361,968 | €359,911 | ▼ 0.6% |
| Amounts receivable within one year40/41 | €293,818 | €262,453 | €332,425 | ▲ 26.7% |
| Cash at bank and in hand54/58 | €2,950 | €98,984 | €27,487 | ▼ 72.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €319,286 | €361,968 | €359,911 | ▼ 0.6% |
| Equity10/15 | €186,088 | €191,849 | €142,998 | ▼ 25.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €31,383 | €31,383 | €31,383 | = |
| Profit (loss) carried forward14 | €136,105 | €141,866 | €93,016 | ▼ 34.4% |
| Amounts payable17/49 | €133,198 | €170,119 | €216,913 | ▲ 27.5% |
| Amounts payable within one year42/48 | €133,198 | €66,847 | €101,983 | ▲ 52.6% |
| Trade debts44 | €86,734 | €38,487 | €85,623 | ▲ 122% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,933 | €5,761 | -€48,851 | ▼ 948% |
| Operating cash flow (approximation) | €29,933 | €5,761 | -€48,851 | ▼ 948% |
| Change in cash | - | €96,034 | -€71,497 | ▼ 174% |
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
01-03
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 26-02-2024
2022
24-10
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 17-10-2022
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 179 days late
2020
31-12
Financial
Weakest financial yearnet -€48,851
Net result drops to -€48,851, the lowest in the series.
21-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 143 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 5.41
Current ratio from 2.40 to 5.41; short-term debt falls from €133,198 to €66,847.
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 70 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
2016
30-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 122 days late
2015
29-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 60 days late
23-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 327 days late
2014
23-04
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 266 days late
2012
24-09
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 55 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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 | JAN BERGMANS BOONHOF 24, 2890. PUURS-SINT-
AMANDS |
17-10-2022 → 26-02-2024 |