HUNT
Dissolution or liquidationSignals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 30-09-2021, 61 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
61 d late
2019
62 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 62 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, full schema
Turnover
€1.1m▲ 7.8%
2019 · €1.0m
EBIT margin
5.1%▲ 2.3pp
2019 · 2.9%
Net result
€56,817▲ 219%
2019 · €17,803
Working capital
-€277,483▲ 8.9%
2019 · -€304,630
Trend over the years
In euros
In per cent
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Turnover€487,058-€1.0m▲ 115%€1.1m▲ 7.8%
Operating result€50,780-€29,877▼ 41.2%€57,631▲ 92.9%
Net result€50,089-€17,803▼ 64.5%€56,817▲ 219%
EBIT margin10.4%-2.9%▼ 7.6pp5.1%▲ 2.3pp
Equity-€199,308--€80,105▲ 59.8%-€23,288▲ 70.9%
Total assets€231,953-€405,180▲ 74.7%€1.1m▲ 170%
Debt€431,261-€485,285▲ 12.5%€1.1m▲ 130%
Working capital-€216,881--€304,630▼ 40.5%-€277,483▲ 8.9%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2020; 2020 is 93% above 2019 and is the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €1.1m
Fixed assets
€254,195 ▲ 13.2%
Current assets
€838,772 ▲ 364%
Equity and liabilities
Equity-€23,288
Debt€1.1m
Equity is negative: debt (€1.1m) exceeds the balance-sheet total (€1.1m).
Key figures and ratios
EBITDA
€101,441▲
2019 · €55,105
Cash flow
€100,627▲
2019 · €43,032
Solvency
-2.1%▲
2019 · -19.8%
Current ratio
0.75▲
2019 · 0.37
Quick ratio
0.39▲
2019 · 0.14
ROA
5.2%▲
2019 · 4.4%
Debt ≤ 1 year
€1.1m▲
2019 · €485,285
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 |
|---|---|---|---|---|
| Turnover70 | €487,058 | €1.0m | €1.1m | ▲ 7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €25,228 | €43,810 | ▲ 73.7% |
| Gross operating margin9900 | €117,455 | €158,683 | €159,916 | ▲ 0.8% |
| Operating profit (loss)9901 | €50,780 | €29,877 | €57,631 | ▲ 92.9% |
| Recurring financial income75 | - | €20 | - | - |
| Recurring financial charges65 | €690 | €1,185 | €814 | ▼ 31.3% |
| Profit (loss) for the period before taxes9903 | €50,089 | €28,711 | €56,817 | ▲ 97.9% |
| Income taxes67/77 | - | €10,908 | - | - |
| Profit (loss) for the period9904 | €50,089 | €17,803 | €56,817 | ▲ 219% |
| Profit (loss) for the period to be appropriated9905 | €50,089 | €17,803 | €56,817 | ▲ 219% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €231,953 | €405,180 | €1.1m | ▲ 170% |
| Fixed assets21/28 | €17,573 | €224,525 | €254,195 | ▲ 13.2% |
| Tangible fixed assets22/27 | - | €206,952 | €236,621 | ▲ 14.3% |
| Financial fixed assets28 | €17,573 | €17,573 | €17,573 | = |
| Current assets29/58 | €214,380 | €180,655 | €838,772 | ▲ 364% |
| Stocks and contracts in progress3 | €73,652 | €110,295 | €408,675 | ▲ 271% |
| Amounts receivable within one year40/41 | €102,180 | €5,666 | €424,324 | ▲ 7,389% |
| Cash at bank and in hand54/58 | €38,292 | €59,670 | €5,773 | ▼ 90.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €231,953 | €405,180 | €1.1m | ▲ 170% |
| Equity10/15 | -€199,308 | -€80,105 | -€23,288 | ▲ 70.9% |
| Contributions10/11 | €18,600 | €120,000 | €120,000 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€219,768 | -€201,965 | -€145,148 | ▲ 28.1% |
| Amounts payable17/49 | €431,261 | €485,285 | €1.1m | ▲ 130% |
| Amounts payable within one year42/48 | €431,261 | €485,285 | €1.1m | ▲ 130% |
| Trade debts44 | €36,776 | €339,834 | €948,192 | ▲ 179% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €50,089 | €17,803 | €56,817 | ▲ 219% |
| + Depreciation and write-downs630 | - | €25,228 | €43,810 | ▲ 73.7% |
| Operating cash flow (approximation) | €50,089 | €43,032 | €100,627 | ▲ 134% |
| Investment in fixed assets (approximation) | - | -€232,180 | -€73,480 | ▲ 68.4% |
| Change in cash | - | €21,378 | -€53,897 | ▼ 352% |
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
2022
06-10
Bankruptcy
Judicial dissolution, liquidator appointed
Tribunal de l’entreprise francophone de Bruxelles · liquidator: G. Stoop · event 29-09-2022
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 61 days late
2020
31-12
Financial
Highest result since 2018net €56,817 ▲219%
Operating result €57,631, net result €56,817, both a record.
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 62 days late
2019
31-12
Financial
Weakest financial yearnet €17,803 ▼64.5%
Net result drops to €17,803, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 57 days late
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 8 days late
2016
09-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 9 days late
2015
27-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 27 days late
2014
30-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 30 days late
2013
26-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 26 days late
2012
05-06
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
No directors read yet: 0 of 8 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Elsene
Ground area
266 m²
Building footprint
265 m²
Volume, LiDAR
3,746 m³
Parcel 21807G0211/00W012, Brussels · tallest building 34.0 m, ±5 floors. Linked by address, not a title deed.
493
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0211/00W012 | Brussels | 266 m² | 1 · 265 m² | 34.0 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded26-03-2004
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.