HIT ELECTRONICS
Open bankruptcyA bankruptcy procedure is open for HIT ELECTRONICS according to publications in the Belgian State Gazette; curator: FEDERICO WUYTS.
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 · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 31-07-2023, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
on the day
2021
39 d early
2020
58 d early
2019
63 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€-4k
2021 · €18k
2018: €9k
2019: €15k▲ +64.3% vs 2018
2020: €-2k▼ -112% vs 2019
2021: €18k▲ +1067% vs 2020highest in 5 years
2022: €-4k▼ -121% vs 2021lowest in 5 years
2018 → 2022
Total assets
€5k▼ 86.9%
2021 · €40k
2018: €40k
2019: €54k▲ +35.4% vs 2018highest in 5 years
2020: €14k▼ -74.0% vs 2019
2021: €40k▲ +187% vs 2020
2022: €5k▼ -86.9% vs 2021lowest in 5 years
2018 → 2022
Net result
€-22k
2021 · €21k
2018: €30khighest in 5 years
2019: €7k▼ -77.5% vs 2018
2020: €-17k▼ -352% vs 2019
2021: €21k▲ +221% vs 2020
2022: €-22k▼ -205% vs 2021lowest in 5 years
2018 → 2022
Working capital
€-4k
2021 · €16k
2018: €9k
2019: €15k▲ +64.3% vs 2018
2020: €-2k▼ -116% vs 2019
2021: €16k▲ +797% vs 2020highest in 5 years
2022: €-4k▼ -127% vs 2021lowest in 5 years
2018 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€9k-€15k▲ 64.3%€-2k€18k€-4k
2018: €9k
2019: €15k▲ +64.3% vs 2018
2020: €-2k▼ -112% vs 2019
2021: €18k▲ +1067% vs 2020highest in 5 years
2022: €-4k▼ -121% vs 2021lowest in 5 years
Operating result€30k-€8k▼ 74.1%€-17k€22k€-21k
2018: €30khighest in 5 years
2019: €8k▼ -74.1% vs 2018
2020: €-17k▼ -314% vs 2019
2021: €22k▲ +230% vs 2020
2022: €-21k▼ -198% vs 2021lowest in 5 years
Net result€30k-€7k▼ 77.5%€-17k€21k€-22k
2018: €30khighest in 5 years
2019: €7k▼ -77.5% vs 2018
2020: €-17k▼ -352% vs 2019
2021: €21k▲ +221% vs 2020
2022: €-22k▼ -205% vs 2021lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €21k after €22k in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €5k
Fixed assets
€710 ▼ 53.5%
Current assets
€5k ▼ 88.2%
Key figures and ratios
EBITDA
€-20k▼
2021 · €22k
Cash flow
€-21k▼
2021 · €21k
Solvency
-70.1%▼
2021 · 44.6%
Current ratio
0.51▼
2021 · 1.74
Debt to equity
-2.43▼
2021 · 1.24
ROA
-411.4%▼
2021 · 51.3%
Interest coverage
-64.01▼
2021 · 66.88
Debt
€9k▼
2021 · €22k
Debt ≤ 1 year
€9k▼
2021 · €22k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 47 lines
Balance sheet
Code20212022
Assets
Total assets20/58€40k€5k▼
Fixed assets21/28€2k€710▼
Tangible fixed assets22/27€2k€710▼
Plant, machinery and equipment23€266€38▼
Furniture and vehicles24€1k€672▼
Current assets29/58€38k€5k▼
Amounts receivable within one year40/41€33k€1k▼
Trade receivables40€33k€444▼
Other amounts receivable41€582€654▲
Cash at bank and in hand54/58€5k€3k▼
Deferred charges and accrued income490/1€519€537▲
Equity and liabilities
Total equity and liabilities10/49€40k€5k▼
Equity10/15€18k€-4k▼
Contributions10/11€6k€6k=
Reserves13€12k€12k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€3k€3k=
Distributable reserves133€7k€7k=
Profit (loss) carried forward14-€-22k
Amounts payable17/49€22k€9k▼
Amounts payable within one year42/48€22k€9k▼
Trade debts44€3k€378▼
Suppliers440/4€3k€378▼
Taxes, remuneration and social security45€3k€2k▼
Taxes450/3€2k€2k▼
Remuneration and social security454/9€1k-
Other amounts payable47/48€16k€7k▼
Income statement
Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€734€817▲
Other operating charges640/8€101€102▲
Gross operating margin9900€23k€-20k▼
Operating profit (loss)9901€22k€-21k▼
Financial income75/76B€806-
Recurring financial income75€6-
Non-recurring financial income76B€800-
Financial charges65/66B€336€319▼
Recurring financial charges65€336€319▼
Profit (loss) for the period before taxes9903€22k€-22k▼
Income taxes67/77€2k-
Profit (loss) for the period9904€21k€-22k▼
Profit (loss) for the period to be appropriated9905€21k€-22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€4k€-22k▼
Profit (loss) brought forward from the previous period14P€-17k-
Transfer to equity691/2€3k-
To other reserves6921€3k-
Profit to be distributed694/7€800-
Return on contributions (dividend)694€800-
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €190 | €734 | €817 | ▲ 11.4% |
| Other operating charges640/8 | - | - | - | €101 | €102 | ▲ 1.0% |
| Gross operating margin9900 | €30k | €8k | €-16k | €23k | €-20k | ▼ 190% |
| Operating profit (loss)9901 | €30k | €8k | €-17k | €22k | €-21k | ▼ 198% |
| Financial income75/76B | - | - | - | €806 | - | - |
| Recurring financial income75 | - | €12 | - | €6 | - | - |
| Non-recurring financial income76B | - | - | - | €800 | - | - |
| Financial charges65/66B | - | - | - | €336 | €319 | ▼ 5.2% |
| Recurring financial charges65 | €148 | €134 | €139 | €336 | €319 | ▼ 5.2% |
| Profit (loss) for the period before taxes9903 | €30k | €8k | €-17k | €22k | €-22k | ▼ 197% |
| Income taxes67/77 | €114 | €963 | €116 | €2k | - | - |
| Profit (loss) for the period9904 | €30k | €7k | €-17k | €21k | €-22k | ▼ 205% |
| Profit (loss) for the period to be appropriated9905 | €30k | €7k | €-17k | €21k | €-22k | ▼ 205% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €40k | €54k | €14k | €40k | €5k | ▼ 86.9% |
| Fixed assets21/28 | - | - | €495 | €2k | €710 | ▼ 53.5% |
| Tangible fixed assets22/27 | - | - | €495 | €2k | €710 | ▼ 53.5% |
| Plant, machinery and equipment23 | - | - | - | €266 | €38 | ▼ 85.7% |
| Furniture and vehicles24 | - | - | - | €1k | €672 | ▼ 46.7% |
| Current assets29/58 | €40k | €54k | €13k | €38k | €5k | ▼ 88.2% |
| Stocks and contracts in progress3 | - | €4k | - | - | - | - |
| Amounts receivable within one year40/41 | €344 | €1k | €2k | €33k | €1k | ▼ 96.7% |
| Trade receivables40 | - | - | - | €33k | €444 | ▼ 98.6% |
| Other amounts receivable41 | - | - | - | €582 | €654 | ▲ 12.4% |
| Cash at bank and in hand54/58 | €39k | €48k | €11k | €5k | €3k | ▼ 37.5% |
| Deferred charges and accrued income490/1 | - | - | - | €519 | €537 | ▲ 3.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €40k | €54k | €14k | €40k | €5k | ▼ 86.9% |
| Equity10/15 | €9k | €15k | €-2k | €18k | €-4k | ▼ 121% |
| Contributions10/11 | €6k | €6k | - | €6k | €6k | = |
| Reserves13 | €9k | €9k | €9k | €12k | €12k | = |
| Non-distributable reserves130/1 | - | - | - | €2k | €2k | = |
| Reserves not available under the articles1311 | - | - | - | €2k | €2k | = |
| Tax-exempt reserves132 | - | - | - | €3k | €3k | = |
| Distributable reserves133 | - | - | - | €7k | €7k | = |
| Profit (loss) carried forward14 | €-6k | €-36k | €-17k | - | €-22k | - |
| Amounts payable17/49 | €30k | €38k | €16k | €22k | €9k | ▼ 59.8% |
| Amounts payable within one year42/48 | €30k | €38k | €16k | €22k | €9k | ▼ 59.8% |
| Trade debts44 | €446 | €2k | €227 | €3k | €378 | ▼ 88.3% |
| Suppliers440/4 | - | - | - | €3k | €378 | ▼ 88.3% |
| Taxes, remuneration and social security45 | - | - | - | €3k | €2k | ▼ 41.8% |
| Taxes450/3 | - | - | - | €2k | €2k | ▼ 11.7% |
| Remuneration and social security454/9 | - | - | - | €1k | - | - |
| Other amounts payable47/48 | - | - | - | €16k | €7k | ▼ 57.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30k | €7k | €-17k | €21k | €-22k | ▼ 205% |
| + Depreciation and write-downs630 | - | - | €190 | €734 | €817 | ▲ 11.4% |
| Operating cash flow (approximation) | €30k | €7k | €-17k | €21k | €-21k | ▼ 198% |
| Investment in fixed assets (approximation) | - | - | - | €-2k | €0 | ▲ 100% |
| Change in cash | - | €9k | €-37k | €-6k | €-2k | ▲ 73.3% |
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
20-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 14-09-2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.74
Current ratio from 0.85 to 1.74.
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
20-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
28-05
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
27-05
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | FEDERICO WUYTS POTVLIETLAAN 4, 2600 BERCHEM
(ANTWERPEN) |
14-09-2023 → present |