GLOBETRACK
InactiveGLOBETRACK was declared bankrupt on 02-06-2022 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 23-05-2023, published in the Belgian State Gazette on 30-05-2023.
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 30-09-2022, 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
30-09-2022 close30-04-2023 deadline29-09-2026 today
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 30-09-2021 was due by 30-04-2022 and was filed on 30-05-2022, 30 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
30 d late
2020
42 d early
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 5 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 2021, micro schema
Equity
-€792,022
2020 · €4,812
Total assets
€224,579▲ 1.0%
2020 · €222,351
Net result
-€796,834▼ 16,433%
2020 · -€4,820
Working capital
-€792,222
2020 · €80,712
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€25,401--€2,068€24,885-€431,283
Net result€1,531--€7,738-€4,820▲ 37.7%-€796,834▼ 16,433%
Equity€17,371-€9,632▼ 44.5%€4,812▼ 50.0%-€792,022
Total assets€501,155-€130,155▼ 74.0%€222,351▲ 70.8%€224,579▲ 1.0%
Debt€408,204-€44,943▼ 89.0%€141,958▲ 216%€1.0m▲ 616%
Working capital€129,487-€87,235▼ 32.6%€80,712▼ 7.5%-€792,222
Staff (FTE)2-2=2=0.5▼ 75.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2021 Net result -16,433% on 2020. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €431,283 after €24,885 in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €224,579
Fixed assets
€200 ▼ 50.0%
Current assets
€224,379 ▲ 1.1%
Key figures and ratios
EBITDA
-€431,083▼
2020 · €25,462
Cash flow
-€796,634▼
2020 · -€4,243
Solvency
-352.7%▼
2020 · 2.2%
Current ratio
0.22▼
2020 · 1.57
Quick ratio
0.20▼
2020 · 1.45
Debt to equity
-1.28
ROA
-354.8%▼
2020 · -2.2%
Interest coverage
-1.18
Debt ≤ 1 year
€1.0m▲
2020 · €141,239
Income taxes
€187▼
2020 · €272
Staff costs
€22,894
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 |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €75,580 | - |
| Remuneration, social security and pensions62 | - | - | - | €22,894 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,548 | €1,003 | €577 | €200 | ▼ 65.3% |
| Other operating charges640/8 | - | - | - | €487,485 | - |
| Gross operating margin9900 | €143,791 | €120,089 | €108,150 | €79,296 | ▼ 26.7% |
| Operating profit (loss)9901 | €25,401 | -€2,068 | €24,885 | -€431,283 | ▼ 1,833% |
| Recurring financial income75 | €20,764 | €5,637 | €2,829 | - | - |
| Financial charges65/66B | - | - | - | €365,364 | - |
| Recurring financial charges65 | €39,095 | €10,960 | €10,673 | €365,364 | ▲ 3,323% |
| Profit (loss) for the period before taxes9903 | €7,071 | -€7,392 | -€4,547 | -€796,647 | ▼ 17,419% |
| Income taxes67/77 | €5,540 | €346 | €272 | €187 | ▼ 31.3% |
| Profit (loss) for the period9904 | €1,531 | -€7,738 | -€4,820 | -€796,834 | ▼ 16,433% |
| Profit (loss) for the period to be appropriated9905 | €1,531 | -€7,738 | -€4,820 | -€796,834 | ▼ 16,433% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €501,155 | €130,155 | €222,351 | €224,579 | ▲ 1.0% |
| Fixed assets21/28 | €1,980 | €977 | €400 | €200 | ▼ 50.0% |
| Tangible fixed assets22/27 | €1,980 | €977 | €400 | €200 | ▼ 50.0% |
| Furniture and vehicles24 | - | - | - | €200 | - |
| Current assets29/58 | €499,175 | €129,178 | €221,951 | €224,379 | ▲ 1.1% |
| Stocks and contracts in progress3 | €62,347 | €55,056 | €16,583 | €16,583 | = |
| Stocks30/36 | - | - | - | €16,583 | - |
| Amounts receivable within one year40/41 | €399,014 | €70,217 | €153,524 | €207,796 | ▲ 35.4% |
| Trade receivables40 | - | - | - | €207,578 | - |
| Other amounts receivable41 | - | - | - | €218 | - |
| Cash at bank and in hand54/58 | €37,814 | €2,462 | €1,708 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €501,155 | €130,155 | €222,351 | €224,579 | ▲ 1.0% |
| Equity10/15 | €17,371 | €9,632 | €4,812 | -€792,022 | ▼ 16,558% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | - |
| Reserves13 | €774 | €774 | €774 | €774 | = |
| Non-distributable reserves130/1 | - | - | - | €774 | - |
| Reserves not available under the articles1311 | - | - | - | €774 | - |
| Profit (loss) carried forward14 | -€2,003 | -€9,741 | -€14,561 | -€811,396 | ▼ 5,472% |
| Provisions and deferred taxes16 | €75,580 | €75,580 | €75,580 | - | - |
| Amounts payable17/49 | €408,204 | €44,943 | €141,958 | €1.0m | ▲ 616% |
| Amounts payable within one year42/48 | €369,688 | €41,943 | €141,239 | €1.0m | ▲ 620% |
| Trade debts44 | €346,222 | €18,093 | €127,500 | €148,733 | ▲ 16.7% |
| Suppliers440/4 | - | - | - | €148,733 | - |
| Taxes, remuneration and social security45 | - | - | - | €867,868 | - |
| Taxes450/3 | - | - | - | €863,693 | - |
| Remuneration and social security454/9 | - | - | - | €4,175 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,531 | -€7,738 | -€4,820 | -€796,834 | ▼ 16,433% |
| + Depreciation and write-downs630 | €1,548 | €1,003 | €577 | €200 | ▼ 65.3% |
| Operating cash flow (approximation) | €3,079 | -€6,736 | -€4,243 | -€796,634 | ▼ 18,676% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | -€35,352 | -€754 | - | - |
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
30-05
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 23-05-2023
2022
16-06
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 02-06-2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
30-09
Financial
Weakest financial yearnet -€796,834
Net result drops to -€796,834, the lowest in the series.
19-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Liquidity doublescurrent ratio 3.08
Current ratio from 1.35 to 3.08; short-term debt falls from €369,688 to €41,943.
20-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
26-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 57 days late
2014
04-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 65 days late
2013
14-03
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 | PIETER MATTHEESSENS LANGE LOZANASTRAAT 24,
2018 ANTWERPEN 1 |
02-06-2022 → 23-05-2023 |