LG COMPUTERS
InactiveLG COMPUTERS was declared bankrupt on 08-08-2024 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 13-05-2025, published in the Belgian State Gazette on 16-05-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
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 31-12-2023, 3 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 · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 28-07-2023, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
3 d early
2021
2 d early
2020
44 d early
2019
28 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Turnover
€87▼ 99.0%
2018 · €9k
2018: €9k
2019: €87▼ -99.0% vs 2018
2018 → 2019
EBIT margin
2666.3%▲ 2694.8pp
2018 · -28.5%
2018: -28.5%
2019: 2666.3%▲ +9447% vs 2018
2018 → 2019
Net result
€-10k▲ 70.9%
2021 · €-35k
2018: €-3k
2019: €2k▲ +161% vs 2018highest in 5 years
2020: €2k▼ -0.7% vs 2019
2021: €-35k▼ -1782% vs 2020lowest in 5 years
2022: €-10k▲ +70.9% vs 2021
2018 → 2022
Working capital
€-55k▼ 22.3%
2021 · €-45k
2019: €-17k
2020: €-15k▲ +12.4% vs 2019highest in 4 years
2021: €-45k▼ -206% vs 2020
2022: €-55k▼ -22.3% vs 2021lowest in 4 years
2019 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€9k-€87▼ 99.0%
2018: €9k
2019: €87▼ -99.0% vs 2018
Equity€-19k-€-17k▲ 11.1%€-15k▲ 12.4%€-50k▼ 239%€-60k▼ 20.5%
2018: €-19k
2019: €-17k▲ +11.1% vs 2018
2020: €-15k▲ +12.4% vs 2019highest in 5 years
2021: €-50k▼ -239% vs 2020
2022: €-60k▼ -20.5% vs 2021lowest in 5 years
Operating result€-2k-€2k€2k▼ 14.7%€-33k€-10k▲ 70.2%
2018: €-2k
2019: €2k▲ +196% vs 2018highest in 5 years
2020: €2k▼ -14.7% vs 2019
2021: €-33k▼ -1778% vs 2020lowest in 5 years
2022: €-10k▲ +70.2% vs 2021
Net result€-3k-€2k€2k▼ 0.7%€-35k€-10k▲ 70.9%
2018: €-3k
2019: €2k▲ +161% vs 2018highest in 5 years
2020: €2k▼ -0.7% vs 2019
2021: €-35k▼ -1782% vs 2020lowest in 5 years
2022: €-10k▲ +70.9% vs 2021
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 €10k in 2022 against €33k in 2021; the loss shrinks.
Key figures and ratios
EBITDA
€-10k▲
2021 · €-33k
Cash flow
€-10k▲
2021 · €-35k
Interest coverage
-33.73▼
2021 · -17.03
Debt
€62k▼
2021 · €65k
Debt ≤ 1 year
€57k▼
2021 · €59k
Debt > 1 year
€4k▼
2021 · €5k
Ratios withheld: a balance sheet total of €2k 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.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 44 lines
Balance sheet
Code20212022
Assets
Total assets20/58€15k€2k▼
Fixed assets21/28€1k€0▼
Tangible fixed assets22/27€1k€0▼
Furniture and vehicles24€1k€0▼
Current assets29/58€14k€2k▼
Stocks and contracts in progress3€0-
Stocks30/36€0-
Amounts receivable within one year40/41€9k€1k▼
Trade receivables40€5k€1k▼
Other amounts receivable41€5k€15▼
Cash at bank and in hand54/58€2k€348▼
Deferred charges and accrued income490/1€2k€123▼
Equity and liabilities
Total equity and liabilities10/49€15k€2k▼
Equity10/15€-50k€-60k▼
Contributions10/11€19k€19k=
Reserves13€3k€3k=
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€-72k€-82k▼
Amounts payable17/49€65k€62k▼
Amounts payable after more than one year17€5k€4k▼
Financial debts170/4€5k€4k▼
Amounts payable within one year42/48€59k€57k▼
Current portion of amounts payable after more than one year42€1k€1k▲
Trade debts44€8k€549▼
Suppliers440/4€8k€549▼
Taxes, remuneration and social security45€3k€167▼
Taxes450/3€2k€167▼
Remuneration and social security454/9€1k€0▼
Other amounts payable47/48€47k€55k▲
Accrued charges and deferred income492/3€1k€1k=
Income statement
Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€220€0▼
Other operating charges640/8€2k€689▼
Non-recurring operating charges66A-€532
Gross operating margin9900€-32k€-9k▲
Operating profit (loss)9901€-33k€-10k▲
Financial income75/76B€142€0▼
Recurring financial income75€142€0▼
Financial charges65/66B€2k€295▼
Recurring financial charges65€2k€295▼
Profit (loss) for the period before taxes9903€-35k€-10k▲
Profit (loss) for the period9904€-35k€-10k▲
Profit (loss) for the period to be appropriated9905€-35k€-10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-72k€-82k▼
Profit (loss) brought forward from the previous period14P€-36k€-72k▼
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €9k | €87 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | - | - | €220 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €2k | €689 | ▼ 57.8% |
| Non-recurring operating charges66A | - | - | - | - | €532 | - |
| Gross operating margin9900 | €11k | €2k | €3k | €-32k | €-9k | ▲ 72.3% |
| Operating profit (loss)9901 | €-2k | €2k | €2k | €-33k | €-10k | ▲ 70.2% |
| Financial income75/76B | - | - | - | €142 | €0 | ▼ 100.0% |
| Recurring financial income75 | - | - | €107 | €142 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | - | - | €2k | €295 | ▼ 84.8% |
| Recurring financial charges65 | €1k | €225 | €4 | €2k | €295 | ▼ 84.8% |
| Profit (loss) for the period before taxes9903 | €-3k | €2k | €2k | €-35k | €-10k | ▲ 70.9% |
| Profit (loss) for the period9904 | €-3k | €2k | €2k | €-35k | €-10k | ▲ 70.9% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €2k | €2k | €-35k | €-10k | ▲ 70.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | - | €69 | €27k | €15k | €2k | ▼ 87.7% |
| Fixed assets21/28 | - | - | - | €1k | €0 | ▼ 100% |
| Tangible fixed assets22/27 | - | - | - | €1k | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €1k | €0 | ▼ 100% |
| Current assets29/58 | - | €69 | €27k | €14k | €2k | ▼ 86.5% |
| Stocks and contracts in progress3 | - | - | €857 | €0 | - | - |
| Stocks30/36 | - | - | - | €0 | - | - |
| Amounts receivable within one year40/41 | - | - | €24k | €9k | €1k | ▼ 84.7% |
| Trade receivables40 | - | - | - | €5k | €1k | ▼ 69.3% |
| Other amounts receivable41 | - | - | - | €5k | €15 | ▼ 99.7% |
| Cash at bank and in hand54/58 | - | €69 | €985 | €2k | €348 | ▼ 84.4% |
| Deferred charges and accrued income490/1 | - | - | - | €2k | €123 | ▼ 95.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | - | €69 | €27k | €15k | €2k | ▼ 87.7% |
| Equity10/15 | €-19k | €-17k | €-15k | €-50k | €-60k | ▼ 20.5% |
| Contributions10/11 | €19k | €19k | - | €19k | €19k | = |
| Reserves13 | €3k | €3k | €3k | €3k | €3k | = |
| Distributable reserves133 | - | - | - | €3k | €3k | = |
| Profit (loss) carried forward14 | €-41k | €-39k | €-36k | €-72k | €-82k | ▼ 14.3% |
| Amounts payable17/49 | €19k | €17k | €41k | €65k | €62k | ▼ 5.0% |
| Amounts payable after more than one year17 | - | - | - | €5k | €4k | ▼ 26.7% |
| Financial debts170/4 | - | - | - | €5k | €4k | ▼ 26.7% |
| Amounts payable within one year42/48 | €19k | €17k | €41k | €59k | €57k | ▼ 3.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1k | €1k | ▲ 1.7% |
| Trade debts44 | €2k | - | €7k | €8k | €549 | ▼ 93.0% |
| Suppliers440/4 | - | - | - | €8k | €549 | ▼ 93.0% |
| Taxes, remuneration and social security45 | - | - | - | €3k | €167 | ▼ 94.0% |
| Taxes450/3 | - | - | - | €2k | €167 | ▼ 89.3% |
| Remuneration and social security454/9 | - | - | - | €1k | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €47k | €55k | ▲ 16.7% |
| Accrued charges and deferred income492/3 | - | - | - | €1k | €1k | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €2k | €2k | €-35k | €-10k | ▲ 70.9% |
| + Depreciation and write-downs630 | €12k | - | - | €220 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €9k | €2k | €2k | €-35k | €-10k | ▲ 70.7% |
| Investment in fixed assets (approximation) | - | - | - | - | €1k | - |
| Change in cash | - | - | €916 | €1k | €-2k | ▼ 251% |
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
16-05
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 13-05-2025
2024
16-08
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 08-08-2024
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-35k
Net result drops to €-35k, the lowest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 60 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
28-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 28 days late
2014
31-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 31 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 | BARBARA HEYSSE ESMOREITLAAN 5,
2050 ANTWERPEN 5 |
08-08-2024 → 13-05-2025 |