JPN
InactiveJPN was declared bankrupt on 27-02-2024 (Ondernemingsrechtbank Gent, afdeling Brugge); the bankruptcy was closed for insufficient assets by judgment of 16-02-2026, published in the Belgian State Gazette on 19-02-2026.
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 31-12-2022, 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 · 3 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 20-08-2022, 20 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
20 d late
2020
59 d late
2019
137 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 72 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 2021, micro schema
Equity
-€4,426▲ 21.8%
2020 · -€5,661
Total assets
€2,426▼ 92.9%
2020 · €34,351
Net result
€1,236▼ 89.6%
2020 · €11,926
Working capital
-€2,298▲ 72.5%
2020 · -€8,350
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
Line201920202021
Operating result-€19,671-€13,007€1,323▼ 89.8%
Net result-€19,992-€11,926€1,236▼ 89.6%
Equity-€23,787--€5,661▲ 76.2%-€4,426▲ 21.8%
Total assets€84,613-€34,351▼ 59.4%€2,426▼ 92.9%
Debt€108,400-€40,012▼ 63.1%€6,852▼ 82.9%
Working capital€1,289--€8,350-€2,298▲ 72.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 90% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €2,426
Fixed assets
€1,922 ▼ 73.2%
Current assets
€504 ▼ 98.1%
Key figures and ratios
EBITDA
€4,618▼
2020 · €17,286
Cash flow
€4,530▼
2020 · €16,204
Interest coverage
52.72
Debt ≤ 1 year
€2,802▼
2020 · €35,541
Debt > 1 year
€4,050▼
2020 · €4,471
Ratios withheld: a balance sheet total of €2,426 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,189 | €4,278 | €3,295 | ▼ 23.0% |
| Other operating charges640/8 | - | - | €311 | - |
| Gross operating margin9900 | -€14,620 | €18,931 | €4,929 | ▼ 74.0% |
| Operating profit (loss)9901 | -€19,671 | €13,007 | €1,323 | ▼ 89.8% |
| Recurring financial income75 | €830 | - | - | - |
| Financial charges65/66B | - | - | €88 | - |
| Recurring financial charges65 | €1,151 | €688 | €88 | ▼ 87.3% |
| Profit (loss) for the period before taxes9903 | -€19,992 | €11,926 | €1,236 | ▼ 89.6% |
| Profit (loss) for the period9904 | -€19,992 | €11,926 | €1,236 | ▼ 89.6% |
| Profit (loss) for the period to be appropriated9905 | -€19,992 | €11,926 | €1,236 | ▼ 89.6% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €84,613 | €34,351 | €2,426 | ▼ 92.9% |
| Fixed assets21/28 | €10,635 | €7,160 | €1,922 | ▼ 73.2% |
| Tangible fixed assets22/27 | €10,635 | €7,160 | €1,922 | ▼ 73.2% |
| Leasing and similar rights25 | - | - | €1,922 | - |
| Current assets29/58 | €73,977 | €27,191 | €504 | ▼ 98.1% |
| Amounts receivable within one year40/41 | €7,042 | €24,582 | - | - |
| Cash at bank and in hand54/58 | €1,276 | €2,247 | €143 | ▼ 93.6% |
| Deferred charges and accrued income490/1 | - | - | €361 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €84,613 | €34,351 | €2,426 | ▼ 92.9% |
| Equity10/15 | -€23,787 | -€5,661 | -€4,426 | ▲ 21.8% |
| Contributions10/11 | €12,400 | €18,600 | €18,600 | = |
| Capital10 | - | - | €18,600 | - |
| Issued capital100 | - | - | €18,600 | - |
| Profit (loss) carried forward14 | -€36,187 | -€24,261 | -€23,026 | ▲ 5.1% |
| Amounts payable17/49 | €108,400 | €40,012 | €6,852 | ▼ 82.9% |
| Amounts payable after more than one year17 | €31,766 | €4,471 | €4,050 | ▼ 9.4% |
| Financial debts170/4 | - | - | €4,050 | - |
| Amounts payable within one year42/48 | €72,689 | €35,541 | €2,802 | ▼ 92.1% |
| Trade debts44 | €5,544 | €217 | - | - |
| Taxes, remuneration and social security45 | - | - | €2,003 | - |
| Taxes450/3 | - | - | €2,003 | - |
| Other amounts payable47/48 | - | - | €799 | - |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€19,992 | €11,926 | €1,236 | ▼ 89.6% |
| + Depreciation and write-downs630 | €4,189 | €4,278 | €3,295 | ▼ 23.0% |
| Operating cash flow (approximation) | -€15,803 | €16,204 | €4,530 | ▼ 72.0% |
| Investment in fixed assets (approximation) | - | -€803 | €1,944 | ▲ 342% |
| Change in cash | - | €972 | -€2,104 | ▼ 317% |
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
2026
19-02
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Brugge · event 16-02-2026
2024
05-03
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Brugge · event 27-02-2024
2022
20-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 20 days late
2021
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 59 days late
2020
31-12
Financial
Back to profitnet €11,926
Net result €11,926 after one loss-making year.
15-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 137 days late
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 | ULRICHE DE RESE VIERSCHARESTRAAT 11,
8340 DAMME |
27-02-2024 → 16-02-2026 |