LOCKS & RIDDLES
InactiveLOCKS & RIDDLES was declared bankrupt on 22-11-2022 (Ondernemingsrechtbank Gent, afdeling Kortrijk); the bankruptcy was closed by liquidation by judgment of 14-05-2024, published in the Belgian State Gazette on 21-05-2024.
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 30-06-2022, 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 · 5 filingsPosition against the passed deadline
30-06-2022 close31-01-2023 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2021 was due by 31-01-2022 and was filed on 31-01-2022, 0 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
on the day
2020
2 d early
2019
7 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€-15k▼ 475%
2020 · €-3k
2019: €-364
2020: €-3k
2019 → 2021
Total assets
€28k▼ 34.4%
2020 · €43k
2019: €52k
2020: €43k
2019 → 2021
Net result
€-12k▼ 452%
2020 · €-2k
2019: €-6k
2020: €-2k
2019 → 2021
Working capital
€-13k▼ 166%
2020 · €-5k
2019: €-13k
2020: €-5k
2019 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202021Trend
Equity€-364-€-3k▼ 619%€-15k▼ 475%
Operating result€-4k-€-587▲ 86.1%€-11k▼ 1,830%
Net result€-6k-€-2k▲ 61.9%€-12k▼ 452%
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 €11k in 2021 against €587 in 2020; the loss grows and 2021 has the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €28k
Fixed assets
€25k ▼ 34.5%
Current assets
€4k ▼ 27.8%
Key figures and ratios
EBITDA
€3k▼
2020 · €14k
Cash flow
€2k▼
2020 · €12k
Solvency
-53.0%▼
2020 · -6.0%
Current ratio
0.22▼
2020 · 0.52
Debt to equity
-1.80▲
2020 · -13.77
ROA
-43.8%▼
2020 · -5.2%
Debt
€43k▼
2020 · €46k
Debt ≤ 1 year
€16k▲
2020 · €10k
Debt > 1 year
€27k▼
2020 · €36k
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 · 2021 against 2020 · 23 lines
Balance sheet
Code20202021
Assets
Total assets20/58€43k€28k▼
Formation expenses20€469€0▼
Fixed assets21/28€38k€25k▼
Tangible fixed assets22/27€36k€23k▼
Financial fixed assets28€2k€2k=
Current assets29/58€5k€4k▼
Amounts receivable within one year40/41€635€3k▲
Cash at bank and in hand54/58€4k€720▼
Equity and liabilities
Total equity and liabilities10/49€43k€28k▼
Equity10/15€-3k€-15k▼
Profit (loss) carried forward14€-21k€-34k▼
Amounts payable17/49€46k€43k▼
Amounts payable after more than one year17€36k€27k▼
Amounts payable within one year42/48€10k€16k▲
Trade debts44€1k€2k▲
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€14k▼
Gross operating margin9900€14k€4k▼
Operating profit (loss)9901€-587€-11k▼
Recurring financial income75-€0
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€-2k€-12k▼
Profit (loss) for the period9904€-2k€-12k▼
Profit (loss) for the period to be appropriated9905€-2k€-12k▼
Timeline · acts, filings and financial milestones
2024
21-05
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 14-05-2024
2022
28-11
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 22-11-2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-01
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 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 | FREDERIQUE VANRYCKEGHEM GUIDO GEZELLE-
STRAAT 10, 8790 WAREGEM |
22-11-2022 → 14-05-2024 |
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 120 EUR awarded · 120 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 120 EUR | 120 EUR |
Schemes
Vlaams Beschermingsmechanisme 11 (stopgezet)