KYTE
InactiveKYTE was declared bankrupt on 19-07-2023 (Ondernemingsrechtbank Antwerpen, afdeling Hasselt); the bankruptcy was closed for insufficient assets by judgment of 02-07-2024, published in the Belgian State Gazette on 10-07-2024.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○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 · 2 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 12-10-2021, 73 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
73 d late
2019
68 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 71 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
-€12,207▼ 274%
2019 · -€3,261
Total assets
€17,020▼ 13.5%
2019 · €19,680
Net result
-€8,945▼ 23.2%
2019 · -€7,261
Working capital
-€20,117▼ 39.7%
2019 · -€14,396
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
Line20192020
Operating result-€7,221--€8,929▼ 23.7%
Net result-€7,261--€8,945▼ 23.2%
Equity-€3,261--€12,207▼ 274%
Total assets€19,680-€17,020▼ 13.5%
Debt€22,941-€29,227▲ 27.4%
Working capital-€14,396--€20,117▼ 39.7%
Staff (FTE)0.3-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8,929 in 2020 against €7,221 in 2019; the loss grows.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €17,020
Fixed assets
€7,910 ▼ 29.0%
Current assets
€9,110 ▲ 6.6%
Key figures and ratios
EBITDA
-€5,765▼
2019 · -€5,638
Cash flow
-€5,781▼
2019 · -€5,679
Solvency
-71.7%▼
2019 · -16.6%
Current ratio
0.31▼
2019 · 0.37
ROA
-52.6%▼
2019 · -36.9%
Debt ≤ 1 year
€29,227▲
2019 · €22,941
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,582 | €3,164 | ▲ 100.0% |
| Gross operating margin9900 | -€1,199 | -€2,052 | ▼ 71.1% |
| Operating profit (loss)9901 | -€7,221 | -€8,929 | ▼ 23.7% |
| Recurring financial income75 | - | €47 | - |
| Recurring financial charges65 | €41 | €64 | ▲ 55.9% |
| Profit (loss) for the period before taxes9903 | -€7,261 | -€8,945 | ▼ 23.2% |
| Profit (loss) for the period9904 | -€7,261 | -€8,945 | ▼ 23.2% |
| Profit (loss) for the period to be appropriated9905 | -€7,261 | -€8,945 | ▼ 23.2% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €19,680 | €17,020 | ▼ 13.5% |
| Fixed assets21/28 | €11,134 | €7,910 | ▼ 29.0% |
| Tangible fixed assets22/27 | €11,074 | €7,910 | ▼ 28.6% |
| Financial fixed assets28 | €60 | €0 | ▼ 100% |
| Current assets29/58 | €8,545 | €9,110 | ▲ 6.6% |
| Amounts receivable within one year40/41 | €8,286 | €9,108 | ▲ 9.9% |
| Cash at bank and in hand54/58 | €259 | €1 | ▼ 99.4% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €19,680 | €17,020 | ▼ 13.5% |
| Equity10/15 | -€3,261 | -€12,207 | ▼ 274% |
| Profit (loss) carried forward14 | -€7,261 | -€16,207 | ▼ 123% |
| Amounts payable17/49 | €22,941 | €29,227 | ▲ 27.4% |
| Amounts payable within one year42/48 | €22,941 | €29,227 | ▲ 27.4% |
| Trade debts44 | €10,541 | €9,966 | ▼ 5.5% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€7,261 | -€8,945 | ▼ 23.2% |
| + Depreciation and write-downs630 | €1,582 | €3,164 | ▲ 100.0% |
| Operating cash flow (approximation) | -€5,679 | -€5,781 | ▼ 1.8% |
| Investment in fixed assets (approximation) | - | €60 | - |
| Change in cash | - | -€258 | - |
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
10-07
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 02-07-2024
2023
26-07
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 19-07-2023
2021
12-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 73 days late
2020
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 68 days late
SignalNBB filing
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 | THEO MACOURS EERSELS 56, 3980 TESSENDERLO- |
19-07-2023 → 02-07-2024 |