HYENGINE SOLUTIONS

Inactive

KBO/BCE: BE 0886.517.048

HYENGINE SOLUTIONS was declared bankrupt on 14-10-2021 (Ondernemingsrechtbank Leuven); the bankruptcy was closed by liquidation by judgment of 21-04-2022, published in the Belgian State Gazette on 27-04-2022.

No longer registered with the KBO; last annual accounts for fiscal year 2012.

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Signals

Three signals. The signal on the left, the evidence on the right.

○neutral

Prior bankruptcy

Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.

Belgian State Gazette

Filed after the deadline

The financial year that closed on 31-12-2012 was due by 31-07-2013 and was filed on 12-09-2013, 43 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 · 5 filings

Deviation from the deadline

2012

43 d late

2011

88 d early

2010

40 d early

2009

39 d early

2008

17 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2012, abbreviated schema

Equity

€-206k

2011 · €56k

2009: €19k 2010: €8k 2011: €56k

2009 → 2012

Total assets

€178k▲ 129%

2011 · €78k

2009: €39k 2010: €23k 2011: €78k

2009 → 2012

Net result

€-378k

2011 · €48k

2009: €-9k 2010: €-10k 2011: €48k

2009 → 2012

Working capital

€108k▲ 174%

2011 · €39k

2009: €-12k 2010: €-9k 2011: €39k

2009 → 2012

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2009201020112012Trend

Equity€19k-€8k▼ 56.2%€56k▲ 594%€-206k

Operating result€-11k-€-10k▲ 2.9%€40k€-366k

Net result€-9k-€-10k▼ 13.8%€48k€-378k

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2012: a loss of €366k after €40k in 2011, the lowest result in the available series.

Balance-sheet composition

2012 in colour, 2011 as the grey bar beneath

Assets €178k

21.7%

78.3%

Fixed assets €38k▲ 127%

Current assets €139k▲ 130%

Key figures and ratios

2012 value · change against 2011

EBITDA

€-356k▼

2011 · €50k

Cash flow

€-367k▼

2011 · €59k

Solvency

-116.1%▼

2011 · 72.7%

Current ratio

4.49▲

2011 · 2.86

Quick ratio

4.49▲

2011 · 2.86

Debt / equity

-1.38

ROA

-212.5%▼

2011 · 62.3%

Debt

€384k▲

2011 · €21k

Debt ≤ 1 year

€31k▲

2011 · €21k

Debt > 1 year

€285k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2012 against 2011

Balance sheet Code20112012

Assets

Total assets20/58€78k€178k▲

Fixed assets21/28€17k€38k▲

Tangible fixed assets22/27€17k€3k▼

Financial fixed assets28-€35k

Current assets29/58€61k€139k▲

Amounts receivable within one year40/41€42k€138k▲

Cash at bank and in hand54/58€660€1k▲

Equity and liabilities

Total equity and liabilities10/49€78k€178k▲

Equity10/15€56k€-206k▼

Contributions10/11€55k€170k▲

Reserves13€1k€1k=

Profit (loss) carried forward14€416€-377k▼

Amounts payable17/49€21k€384k▲

Amounts payable after more than one year17-€285k

Amounts payable within one year42/48€21k€31k▲

Trade debts44-€21k

Income statement Code20112012

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€11k▲

Gross operating margin9900€51k€-303k▼

Operating profit (loss)9901€40k€-366k▼

Recurring financial income75€3€48▲

Recurring financial charges65€2k€2k=

Profit (loss) for the period before taxes9903€48k€-378k▼

Profit (loss) for the period9904€48k€-378k▼

Profit (loss) for the period to be appropriated9905€48k€-378k▼

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Timeline · acts, filings and financial milestones

All 10Signals 2Financial 3Filings 5

2022

27-04

Bankruptcy Bankruptcy closure (by liquidation)

Ondernemingsrechtbank Leuven · HYENGINE NV MONSEIGNEUR LADEUZEPLEIN 11, 3000 LEUVEN · event 21-04-2022

2021

20-10

Bankruptcy Opening

Ondernemingsrechtbank Leuven · HYENGINE NV MONSEIG- NEUR LADEUZEPLEIN 11, 3000 LEUVEN · event 14-10-2021

2013

12-09

NBB filing Annual accounts filed

fiscal year 2012 · abbreviated schema · 43 days late

2012

31-12

Financial Weakest financial yearnet €-378k ▼882%

Net result drops to €-378k, the lowest in the series.

2011

04-11

NBB filing Annual accounts filed

fiscal year 2011 · abbreviated schema

30-06

Financial Back to profitnet €48k

Net result €48k after 2 loss-making years.

30-06

Financial Liquidity times 7current ratio 2.86

Current ratio from 0.41 to 2.86.

2010

22-12

NBB filing Annual accounts filed

fiscal year 2010 · abbreviated schema

2009

23-12

NBB filing Annual accounts filed

fiscal year 2009 · abbreviated schema

14-01

NBB filing Annual accounts filed

fiscal year 2008 · abbreviated schema

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

7 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

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Insolvency mandates

2 mandates

Role	Name	Tenure
Curator	KARL VANSTIPELEN STATIONSSTRAAT 108 A, 3400 LANDEN ↔ Also on 261 other cases	14-10-2021 → present
Curator	WINNY TIRMARCHE STATIONSSTRAAT 108, 3400 LANDEN-	14-10-2021 → present