FIXION DEVELOPMENT
InactiveFIXION DEVELOPMENT was declared bankrupt on 17-09-2024 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed for insufficient assets by judgment of 07-04-2025, published in the Belgian State Gazette on 14-04-2025.
Summary
Inactive; last annual accounts for fiscal year 2023.
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 31-12-2024, 2 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
31-12-2024 close31-07-2025 deadline26-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 31-07-2024, 0 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
on the day
2022
2 d late
2021
19 d early
2020
45 d early
2019
43 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 21 days before 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 2023, micro schema
Equity
-€9,634
2022 · €44,079
Total assets
€2,330▼ 96.9%
2022 · €74,318
Net result
-€57,018▲ 28.0%
2022 · -€79,177
Working capital
-€7,510
2022 · €13,004
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
Line20192020202120222023
Operating result-€81,356--€92,804▼ 14.1%-€95,425▼ 2.8%-€77,384▲ 18.9%-€55,774▲ 27.9%
Net result-€81,495--€96,640▼ 18.6%-€98,610▼ 2.0%-€79,177▲ 19.7%-€57,018▲ 28.0%
Equity€114,005-€129,865▲ 13.9%€123,255▼ 5.1%€44,079▼ 64.2%-€9,634
Total assets€221,073-€200,694▼ 9.2%€201,155▲ 0.2%€74,318▼ 63.1%€2,330▼ 96.9%
Debt€105,295-€68,150▼ 35.3%€74,594▲ 9.5%€26,934▼ 63.9%€11,964▼ 55.6%
Working capital-€24,519-€22,227€67,255▲ 203%€13,004▼ 80.7%-€7,510
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 €55,774 in 2023 against €77,384 in 2022; the loss shrinks.
Key figures and ratios
EBITDA
-€5,775▲
2022 · -€27,384
Cash flow
-€7,018▲
2022 · -€29,177
Interest coverage
-4.64▲
2022 · -15.28
Debt ≤ 1 year
€9,840▼
2022 · €11,314
Debt > 1 year
€2,124▼
2022 · €15,619
Ratios withheld: a balance sheet total of €2,330 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 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €7,673 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €53,723 | €50,109 | €50,000 | €50,000 | €50,000 | = |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | -€2,679 | - | €0 | - |
| Other operating charges640/8 | - | - | €618 | €469 | €516 | ▲ 10.0% |
| Gross operating margin9900 | -€25,015 | -€41,171 | -€47,486 | -€26,915 | -€5,258 | ▲ 80.5% |
| Operating profit (loss)9901 | -€81,356 | -€92,804 | -€95,425 | -€77,384 | -€55,774 | ▲ 27.9% |
| Financial income75/76B | - | - | €0 | €0 | €0 | ▼ 100% |
| Recurring financial income75 | - | €1 | €0 | €0 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | €3,185 | €1,792 | €1,244 | ▼ 30.6% |
| Recurring financial charges65 | €139 | €3,837 | €3,185 | €1,792 | €1,244 | ▼ 30.6% |
| Profit (loss) for the period before taxes9903 | -€81,495 | -€96,640 | -€98,610 | -€79,177 | -€57,018 | ▲ 28.0% |
| Profit (loss) for the period9904 | -€81,495 | -€96,640 | -€98,610 | -€79,177 | -€57,018 | ▲ 28.0% |
| Profit (loss) for the period to be appropriated9905 | -€81,495 | -€96,640 | -€98,610 | -€79,177 | -€57,018 | ▲ 28.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €221,073 | €200,694 | €201,155 | €74,318 | €2,330 | ▼ 96.9% |
| Fixed assets21/28 | €200,436 | €150,327 | €100,000 | €50,000 | €0 | ▼ 100% |
| Intangible fixed assets21 | €200,436 | €150,327 | €100,000 | €50,000 | €0 | ▼ 100% |
| Current assets29/58 | €20,637 | €50,367 | €101,155 | €24,318 | €2,330 | ▼ 90.4% |
| Amounts receivable within one year40/41 | €2,306 | €0 | €98,047 | €22,566 | €588 | ▼ 97.4% |
| Trade receivables40 | - | - | €88,990 | €22,213 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | €9,057 | €353 | €588 | ▲ 66.8% |
| Cash at bank and in hand54/58 | €16,531 | €47,516 | €1,483 | €974 | €1,112 | ▲ 14.2% |
| Deferred charges and accrued income490/1 | - | - | €1,625 | €779 | €630 | ▼ 19.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €221,073 | €200,694 | €201,155 | €74,318 | €2,330 | ▼ 96.9% |
| Equity10/15 | €114,005 | €129,865 | €123,255 | €44,079 | -€9,634 | ▼ 122% |
| Contributions10/11 | €195,500 | €308,000 | €400,000 | €400,000 | €400,000 | = |
| Capital10 | - | - | €400,000 | €400,000 | €400,000 | = |
| Issued capital100 | - | - | €400,000 | €400,000 | €400,000 | = |
| Profit (loss) carried forward14 | -€81,495 | -€178,135 | -€276,745 | -€355,921 | -€409,634 | ▼ 15.1% |
| Provisions and deferred taxes16 | €1,773 | €2,679 | €3,306 | €3,306 | - | - |
| Provisions for liabilities and charges160/5 | - | - | €3,306 | €3,306 | - | - |
| Other liabilities and charges164/5 | - | - | €3,306 | €3,306 | - | - |
| Amounts payable17/49 | €105,295 | €68,150 | €74,594 | €26,934 | €11,964 | ▼ 55.6% |
| Amounts payable after more than one year17 | €60,000 | €40,000 | €40,694 | €15,619 | €2,124 | ▼ 86.4% |
| Financial debts170/4 | - | - | €40,694 | €15,619 | €2,124 | ▼ 86.4% |
| Other amounts payable178/9 | - | - | - | - | €0 | - |
| Amounts payable within one year42/48 | €45,156 | €28,140 | €33,900 | €11,314 | €9,840 | ▼ 13.0% |
| Current portion of amounts payable after more than one year42 | - | - | €29,306 | €10,320 | €9,473 | ▼ 8.2% |
| Trade debts44 | €5,156 | €7,123 | €4,594 | €994 | €367 | ▼ 63.1% |
| Suppliers440/4 | - | - | €4,594 | €994 | €367 | ▼ 63.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€81,495 | -€96,640 | -€98,610 | -€79,177 | -€57,018 | ▲ 28.0% |
| + Depreciation and write-downs630 | €53,723 | €50,109 | €50,000 | €50,000 | €50,000 | = |
| Operating cash flow (approximation) | -€27,772 | -€46,531 | -€48,610 | -€29,177 | -€7,018 | ▲ 75.9% |
| Investment in fixed assets (approximation) | - | €0 | €327 | €0 | €0 | - |
| Change in cash | - | €30,985 | -€46,032 | -€509 | €138 | ▲ 127% |
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
2025
14-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 07-04-2025
2024
23-09
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 17-09-2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€98,610
Net result drops to -€98,610, the lowest in the series.
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity quadruplescurrent ratio 1.79
Current ratio from 0.46 to 1.79; short-term debt falls from €45,156 to €28,140.
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
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 | ERIC CREYTENS CENTRUMLAAN 48, 9400 NINOVE- |
17-09-2024 → 07-04-2025 |