LAUNAVIN
InactiveLAUNAVIN was declared bankrupt on 18-06-2024 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 14-01-2025, published in the Belgian State Gazette on 20-01-2025.
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 · 4 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 23-07-2021, 8 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
8 d early
2019
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 8 days before 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
Turnover
€1,731
EBIT margin
-1734.1%
Net result
-€32,104▼ 9.5%
2019 · -€29,315
Working capital
-€35,283▼ 15.5%
2019 · -€30,557
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
Turnover€1,731-
Operating result-€30,013--€29,285▲ 2.4%-€31,965▼ 9.2%
Net result-€30,367--€29,315▲ 3.5%-€32,104▼ 9.5%
EBIT margin-1734.1%-
Equity€167,594-€138,278▼ 17.5%€106,174▼ 23.2%
Total assets€606,214-€578,837▼ 4.5%€551,458▼ 4.7%
Debt€438,621-€440,558▲ 0.4%€445,284▲ 1.1%
Working capital-€28,621--€30,557▼ 6.8%-€35,283▼ 15.5%
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 €31,965 in 2020 against €29,285 in 2019; the loss grows and 2020 has the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €551,458
Fixed assets
€141,457 ▼ 16.2%
Current assets
€410,002 =
Equity and liabilities €551,458
Equity
€106,174 ▼ 23.2%
Debt
€445,284 ▲ 1.1%
Debt's share of the balance-sheet total rises from 76.1% to 80.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€4,586▼
2019 · -€1,907
Cash flow
-€4,726▼
2019 · -€1,937
Current ratio
0.92▼
2019 · 0.93
ROE
-30.2%▼
2019 · -21.2%
ROA
-5.8%▼
2019 · -5.1%
Debt ≤ 1 year
€445,284▲
2019 · €440,558
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 | €1,731 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,379 | €27,379 | €27,379 | = |
| Gross operating margin9900 | -€2,635 | -€1,907 | -€4,586 | ▼ 141% |
| Operating profit (loss)9901 | -€30,013 | -€29,285 | -€31,965 | ▼ 9.2% |
| Recurring financial charges65 | €278 | €30 | €139 | ▲ 365% |
| Profit (loss) for the period before taxes9903 | -€30,291 | -€29,315 | -€32,104 | ▼ 9.5% |
| Income taxes67/77 | €76 | - | - | - |
| Profit (loss) for the period9904 | -€30,367 | -€29,315 | -€32,104 | ▼ 9.5% |
| Profit (loss) for the period to be appropriated9905 | -€30,367 | -€29,315 | -€32,104 | ▼ 9.5% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €606,214 | €578,837 | €551,458 | ▼ 4.7% |
| Fixed assets21/28 | €196,214 | €168,836 | €141,457 | ▼ 16.2% |
| Tangible fixed assets22/27 | €196,214 | €168,836 | €141,457 | ▼ 16.2% |
| Current assets29/58 | €410,000 | €410,001 | €410,002 | = |
| Amounts receivable within one year40/41 | €410,000 | €410,000 | €410,000 | = |
| Cash at bank and in hand54/58 | - | €1 | €2 | ▲ 73.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €606,214 | €578,837 | €551,458 | ▼ 4.7% |
| Equity10/15 | €167,594 | €138,278 | €106,174 | ▼ 23.2% |
| Contributions10/11 | €250,000 | €250,000 | - | - |
| Profit (loss) carried forward14 | -€82,406 | -€111,722 | -€143,826 | ▼ 28.7% |
| Amounts payable17/49 | €438,621 | €440,558 | €445,284 | ▲ 1.1% |
| Amounts payable within one year42/48 | €438,621 | €440,558 | €445,284 | ▲ 1.1% |
| Trade debts44 | €3,176 | €4,848 | €9,435 | ▲ 94.6% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€30,367 | -€29,315 | -€32,104 | ▼ 9.5% |
| + Depreciation and write-downs630 | €27,379 | €27,379 | €27,379 | = |
| Operating cash flow (approximation) | -€2,989 | -€1,937 | -€4,726 | ▼ 144% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | - | €1 | - |
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
2025
20-01
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 14-01-2025
2024
25-06
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 18-06-2024
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€32,104
Net result drops to -€32,104, the lowest in the series.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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 | DIRK DEVROE KROMVENDREEF 15, 2900 SCHOTEN- |
18-06-2024 → 14-01-2025 |