HYPHEN
InactiveHYPHEN was declared bankrupt on 27-09-2022 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 22-10-2024, published in the Belgian State Gazette on 10-12-2024.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline26-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 10-11-2021, 102 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
102 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 112 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, micro schema
Equity
-€81,872▲ 45.8%
2019 · -€151,036
Total assets
€92,981▲ 258%
2019 · €25,984
Net result
€69,164▲ 419%
2019 · €13,334
Working capital
-€84,738▲ 44.5%
2019 · -€152,639
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
Line201820192020
Operating result-€410-€13,872€70,970▲ 412%
Net result-€410-€13,334€69,164▲ 419%
Equity-€164,370--€151,036▲ 8.1%-€81,872▲ 45.8%
Total assets€5-€25,984▲ 533,446%€92,981▲ 258%
Debt€164,375-€177,020▲ 7.7%€174,854▼ 1.2%
Working capital-€164,370--€152,639▲ 7.1%-€84,738▲ 44.5%
Staff (FTE)0.6
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2020 is 412% above 2019 and is the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €92,981
Fixed assets
€4,270 ▲ 119%
Current assets
€88,711 ▲ 269%
Key figures and ratios
EBITDA
€71,363
Cash flow
€69,556
Solvency
-88.1%▲
2019 · -581.3%
Current ratio
0.51▲
2019 · 0.14
ROA
74.4%▲
2019 · 51.3%
Debt ≤ 1 year
€173,450▼
2019 · €176,672
Income taxes
€389▲
2019 · €245
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 |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €392 | - |
| Gross operating margin9900 | €0 | €14,450 | €96,175 | ▲ 566% |
| Operating profit (loss)9901 | -€410 | €13,872 | €70,970 | ▲ 412% |
| Recurring financial income75 | - | €0 | €12 | ▲ 31,000% |
| Recurring financial charges65 | €0 | €293 | €1,430 | ▲ 388% |
| Profit (loss) for the period before taxes9903 | -€410 | €13,579 | €69,553 | ▲ 412% |
| Income taxes67/77 | - | €245 | €389 | ▲ 59.0% |
| Profit (loss) for the period9904 | -€410 | €13,334 | €69,164 | ▲ 419% |
| Profit (loss) for the period to be appropriated9905 | -€410 | €13,334 | €69,164 | ▲ 419% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €5 | €25,984 | €92,981 | ▲ 258% |
| Fixed assets21/28 | €0 | €1,950 | €4,270 | ▲ 119% |
| Tangible fixed assets22/27 | €0 | - | €2,320 | - |
| Financial fixed assets28 | €0 | €1,950 | €1,950 | = |
| Current assets29/58 | €5 | €24,034 | €88,711 | ▲ 269% |
| Amounts receivable within one year40/41 | €0 | - | €74,353 | - |
| Cash at bank and in hand54/58 | €5 | €24,034 | €9,707 | ▼ 59.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €5 | €25,984 | €92,981 | ▲ 258% |
| Equity10/15 | -€164,370 | -€151,036 | -€81,872 | ▲ 45.8% |
| Contributions10/11 | €18,600 | €18,600 | - | - |
| Reserves13 | €4,586 | €4,586 | €4,586 | = |
| Profit (loss) carried forward14 | -€187,556 | -€174,222 | -€105,058 | ▲ 39.7% |
| Amounts payable17/49 | €164,375 | €177,020 | €174,854 | ▼ 1.2% |
| Amounts payable within one year42/48 | €164,375 | €176,672 | €173,450 | ▼ 1.8% |
| Trade debts44 | €0 | €17,563 | €66,191 | ▲ 277% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€410 | €13,334 | €69,164 | ▲ 419% |
| + Depreciation and write-downs630 | - | - | €392 | - |
| Operating cash flow (approximation) | -€410 | €13,334 | €69,556 | ▲ 422% |
| Investment in fixed assets (approximation) | - | -€1,950 | -€2,712 | ▼ 39.1% |
| Change in cash | - | €24,029 | -€14,327 | ▼ 160% |
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
2024
10-12
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · event 22-10-2024
2022
03-10
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 27-09-2022
2021
10-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 102 days late
2020
31-12
Financial
Highest result since 2018net €69,164 ▲419%
Operating result €70,970, net result €69,164, both a record.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
26-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 210 days late
2019
31-12
Financial
Back to profitnet €13,334
Net result €13,334 after one loss-making year.
2018
04-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 35 days late
04-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 400 days late
04-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 765 days late
2015
28-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 28 days late
2014
20-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 20 days late
13-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 378 days late
13-08
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 743 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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 | WIM HEETHEM WATERLOOSESTEENWEG 412/F,
1050 BRUSSEL 5 |
27-09-2022 → 22-10-2024 |