MICROTECH COMPUTERS
InactiveMICROTECH COMPUTERS was declared bankrupt on 14-02-2023 (Ondernemingsrechtbank Brussel); the bankruptcy was closed by liquidation by judgment of 06-08-2024, published in the Belgian State Gazette on 18-09-2024.
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 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 · 9 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline26-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 07-05-2022, 85 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
85 d early
2020
46 d early
2019
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 57 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 2021, micro schema
Turnover
€23,843
EBIT margin
-6.0%
Net result
€5,139▲ 727%
2020 · €621
Working capital
€7,400
2020 · -€2,669
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
Line2018201920202021
Turnover€23,843-
Operating result-€1,438--€3,122▼ 117%€2,572€6,266▲ 144%
Net result-€2,134--€4,101▼ 92.2%€621€5,139▲ 727%
EBIT margin-6.0%-
Equity€5,742-€1,641▼ 71.4%€2,262▲ 37.8%€7,400▲ 227%
Total assets€23,646-€13,976▼ 40.9%€8,730▼ 37.5%€8,700▼ 0.3%
Debt€17,904-€12,335▼ 31.1%€6,469▼ 47.6%€1,300▼ 79.9%
Working capital-€4,796--€8,220▼ 71.4%-€2,669▲ 67.5%€7,400
Result per fiscal year
Operating resultNet result
After the dip in 2019 the operating result has climbed two years in a row; 2021 is 144% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Equity and liabilities €8,700
Equity
€7,400 ▲ 227%
Debt
€1,300 ▼ 79.9%
Debt's share of the balance-sheet total falls from 74.1% to 14.9%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
6.69▲
2020 · 0.59
Debt to equity
0.18
ROE
69.4%▲
2020 · 27.5%
ROA
59.1%▲
2020 · 7.1%
Debt ≤ 1 year
€1,300▼
2020 · €6,469
Income taxes
€510▼
2020 · €1,896
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Turnover70 | €23,843 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,283 | €6,941 | €4,930 | - | - |
| Other operating charges640/8 | - | - | - | €473 | - |
| Gross operating margin9900 | €8,219 | €4,818 | €8,511 | €6,738 | ▼ 20.8% |
| Operating profit (loss)9901 | -€1,438 | -€3,122 | €2,572 | €6,266 | ▲ 144% |
| Financial income75/76B | - | - | - | €505 | - |
| Recurring financial income75 | - | - | - | €505 | - |
| Financial charges65/66B | - | - | - | €1,122 | - |
| Recurring financial charges65 | €556 | €979 | €55 | €717 | ▲ 1,206% |
| Non-recurring financial charges66B | - | - | - | €406 | - |
| Profit (loss) for the period before taxes9903 | -€2,134 | -€4,101 | €2,517 | €5,649 | ▲ 124% |
| Income taxes67/77 | - | - | €1,896 | €510 | ▼ 73.1% |
| Profit (loss) for the period9904 | -€2,134 | -€4,101 | €621 | €5,139 | ▲ 727% |
| Profit (loss) for the period to be appropriated9905 | -€2,134 | -€4,101 | €621 | €5,139 | ▲ 727% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €23,646 | €13,976 | €8,730 | €8,700 | ▼ 0.3% |
| Fixed assets21/28 | €16,802 | €9,861 | €4,930 | - | - |
| Tangible fixed assets22/27 | €16,802 | €9,861 | €4,930 | - | - |
| Current assets29/58 | €6,844 | €4,115 | €3,800 | €8,700 | ▲ 129% |
| Stocks and contracts in progress3 | €2,084 | €999 | €406 | - | - |
| Amounts receivable within one year40/41 | €1,555 | €3,116 | €1,571 | €8,700 | ▲ 454% |
| Trade receivables40 | - | - | - | €400 | - |
| Other amounts receivable41 | - | - | - | €8,300 | - |
| Cash at bank and in hand54/58 | €3,205 | - | €1,823 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €23,646 | €13,976 | €8,730 | €8,700 | ▼ 0.3% |
| Equity10/15 | €5,742 | €1,641 | €2,262 | €7,400 | ▲ 227% |
| Contributions10/11 | €8,200 | €8,200 | - | €8,200 | - |
| Profit (loss) carried forward14 | -€2,458 | -€6,559 | -€5,938 | -€800 | ▲ 86.5% |
| Amounts payable17/49 | €17,904 | €12,335 | €6,469 | €1,300 | ▼ 79.9% |
| Amounts payable after more than one year17 | €6,264 | - | - | - | - |
| Amounts payable within one year42/48 | €11,640 | €12,335 | €6,469 | €1,300 | ▼ 79.9% |
| Financial debts43 | - | - | - | €145 | - |
| Credit institutions430/8 | - | - | - | €145 | - |
| Trade debts44 | €877 | €78 | €1,376 | €387 | ▼ 71.9% |
| Suppliers440/4 | - | - | - | €387 | - |
| Advances received on contracts in progress46 | - | - | - | €484 | - |
| Taxes, remuneration and social security45 | - | - | - | €284 | - |
| Taxes450/3 | - | - | - | €284 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,134 | -€4,101 | €621 | €5,139 | ▲ 727% |
| + Depreciation and write-downs630 | €7,283 | €6,941 | €4,930 | - | - |
| Operating cash flow (approximation) | €5,149 | €2,840 | €5,551 | €5,139 | ▼ 7.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - |
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
18-09
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Brussel · event 06-08-2024
2023
20-02
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 14-02-2023
2022
07-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €5,139 ▲727%
Operating result €6,266, net result €5,139, both a record.
31-12
Financial
Liquidity times 11current ratio 6.69
Current ratio from 0.59 to 6.69; short-term debt falls from €6,469 to €1,300.
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €621
Net result €621 after 2 loss-making years.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet -€4,101
Net result drops to -€4,101, the lowest in the series.
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Show earlier events
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 24 days late
2015
06-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 6 days late
2014
26-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 26 days late
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 | JORIS J. DE SMET WINSTON CHURCHILLLAAN 118B,
1180 BRUSSEL 18 |
14-02-2023 → 06-08-2024 |