NASCOM
InactiveNASCOM was declared bankrupt on 15-03-2016 (Rechtbank van koophandel Antwerpen, afdeling Tongeren); the bankruptcy was closed for insufficient assets by judgment of 21-09-2021, published in the Belgian State Gazette on 27-09-2021.
Summary
Inactive; last annual accounts for fiscal year 2014.
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 31-12-2014. Since then, 11 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2015 close31-07-2016 deadline30-09-2026 today
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2014 was due by 31-07-2015 and was filed on 07-08-2015, 7 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filings
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
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Which other companies belong to the same group?LIMBURGSE RECONVERSIE MAATSCHAPPIJ · 23 companies
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2014, full schema
Turnover
€4.2m▼ 7.0%
2013 · €4.5m
EBIT margin
-1.6%▼ 3.6pp
2013 · 1.9%
Net result
-€109,756
2013 · €45,782
Working capital
-€386,063▼ 24.4%
2013 · -€310,251
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
Line20102011201220132014
Turnover€4.5m€4.2m▼ 7.0%
Operating result-€604,258--€366,389▲ 39.4%-€410,704▼ 12.1%€87,797-€69,097
Net result-€685,021--€442,982▲ 35.3%-€475,680▼ 7.4%€45,782-€109,756
EBIT margin1.9%-1.6%▼ 3.6pp
Equity€413,078--€29,905€339,824€385,606▲ 13.5%€275,850▼ 28.5%
Total assets€3.5m-€3.2m▼ 8.3%€3.1m▼ 4.3%€2.8m▼ 9.6%€2.3m▼ 15.6%
Debt€3.0m-€3.2m▲ 4.1%€2.6m▼ 16.7%€2.4m▼ 9.7%€2.0m▼ 14.2%
Working capital€737,073-€544,095▼ 26.2%€448,359▼ 17.6%-€310,251-€386,063▼ 24.4%
Staff (FTE)52.7-42.3▼ 19.7%33.1▼ 21.7%27.3▼ 17.5%30.5▲ 11.7%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2014: a loss of €69,097 after €87,797 in 2013.
Balance-sheet composition
2014 in colour, 2013 as the grey bar beneath
Assets €2.3m
Fixed assets
€1.2m ▼ 10.7%
Current assets
€1.2m ▼ 20.0%
Equity and liabilities €2.3m
Equity
€275,850 ▼ 28.5%
Provisions
€16,453
Debt
€2.0m ▼ 14.2%
Debt's share of the balance-sheet total rises from 86.0% to 87.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€77,422▼
2013 · €254,083
Cash flow
€36,763▼
2013 · €212,068
Current ratio
0.75▼
2013 · 0.82
Debt to equity
1.52▲
2013 · 1.13
ROE
-39.8%▼
2013 · 11.9%
ROA
-4.7%▼
2013 · 1.7%
Interest coverage
1.15▼
2013 · 4.62
Debt ≤ 1 year
€1.6m▼
2013 · €1.8m
Debt > 1 year
€420,249▼
2013 · €434,991
Income taxes
€2,478▼
2013 · €4,851
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2010 | 2011 | 2012 | 2013 | 2014 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €4.5m | €4.2m | ▼ 7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €266,782 | €276,065 | €230,717 | €166,287 | €146,519 | ▼ 11.9% |
| Gross operating margin9900 | €2.7m | €2.6m | €2.1m | - | - | - |
| Operating profit (loss)9901 | -€604,258 | -€366,389 | -€410,704 | €87,797 | -€69,097 | ▼ 179% |
| Recurring financial income75 | €57,493 | €36,668 | €48,270 | €23,120 | €2,891 | ▼ 87.5% |
| Recurring financial charges65 | €118,718 | €147,164 | €123,997 | €62,842 | €73,247 | ▲ 16.6% |
| Debt charges650 | - | - | - | €55,000 | €67,349 | ▲ 22.5% |
| Profit (loss) for the period before taxes9903 | -€685,021 | -€442,982 | -€475,917 | €50,632 | -€107,278 | ▼ 312% |
| Income taxes67/77 | - | - | -€237 | €4,851 | €2,478 | ▼ 48.9% |
| Profit (loss) for the period9904 | -€685,021 | -€442,982 | -€475,680 | €45,782 | -€109,756 | ▼ 340% |
| Profit (loss) for the period to be appropriated9905 | -€685,021 | -€442,982 | -€475,680 | €45,782 | -€109,756 | ▼ 340% |
| Line | 2010 | 2011 | 2012 | 2013 | 2014 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.5m | €3.2m | €3.1m | €2.8m | €2.3m | ▼ 15.6% |
| Formation expenses20 | €215,060 | €161,295 | €107,530 | €53,765 | - | - |
| Fixed assets21/28 | €678,515 | €509,336 | €366,873 | €1.3m | €1.2m | ▼ 10.7% |
| Intangible fixed assets21 | €147,473 | €114,780 | €83,491 | €99,812 | €1.0m | ▲ 934% |
| Tangible fixed assets22/27 | €310,082 | €227,310 | €169,902 | €134,934 | €127,040 | ▼ 5.9% |
| Financial fixed assets28 | €5,901 | €5,951 | €5,951 | €1.0m | €5,245 | ▼ 99.5% |
| Current assets29/58 | €2.8m | €2.7m | €2.7m | €1.5m | €1.2m | ▼ 20.0% |
| Stocks and contracts in progress3 | €264,867 | €229,733 | €153,491 | €109,980 | - | - |
| Amounts receivable within one year40/41 | €1.8m | €1.5m | €1.1m | €1.2m | €910,727 | ▼ 20.9% |
| Cash at bank and in hand54/58 | €96,958 | €84,173 | €178,540 | €94,702 | €194,914 | ▲ 106% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.5m | €3.2m | €3.1m | €2.8m | €2.3m | ▼ 15.6% |
| Equity10/15 | €413,078 | -€29,905 | €339,824 | €385,606 | €275,850 | ▼ 28.5% |
| Contributions10/11 | €1.5m | €1.5m | €2.3m | €2.3m | €2.3m | = |
| Reserves13 | €18,845 | €18,845 | €18,845 | €18,845 | €18,845 | = |
| Profit (loss) carried forward14 | -€1.1m | -€1.5m | -€2.0m | -€2.0m | -€2.1m | ▼ 5.6% |
| Provisions and deferred taxes16 | €34,814 | €63,503 | €84,169 | - | €16,453 | - |
| Amounts payable17/49 | €3.0m | €3.2m | €2.6m | €2.4m | €2.0m | ▼ 14.2% |
| Amounts payable after more than one year17 | €782,629 | €755,105 | €206,983 | €434,991 | €420,249 | ▼ 3.4% |
| Amounts payable within one year42/48 | €2.1m | €2.1m | €2.2m | €1.8m | €1.6m | ▼ 12.2% |
| Trade debts44 | €838,448 | €676,878 | €825,119 | €707,403 | €450,066 | ▼ 36.4% |
| Line | 2010 | 2011 | 2012 | 2013 | 2014 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€685,021 | -€442,982 | -€475,680 | €45,782 | -€109,756 | ▼ 340% |
| + Depreciation and write-downs630 | €266,782 | €276,065 | €230,717 | €166,287 | €146,519 | ▼ 11.9% |
| Operating cash flow (approximation) | -€418,238 | -€166,918 | -€244,964 | €212,068 | €36,763 | ▼ 82.7% |
| Investment in fixed assets (approximation) | - | -€106,886 | -€88,255 | -€1.1m | -€7,557 | ▲ 99.3% |
| Change in cash | - | -€12,785 | €94,367 | -€83,838 | €100,211 | ▲ 220% |
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
2021
27-09
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · event 21-09-2021
2016
17-03
Bankruptcy
Opening
Rechtbank van koophandel Antwerpen, afdeling Tongeren · event 15-03-2016
2015
07-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 7 days late
2014
27-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
31-12
Financial
Back to profitnet €45,782
Net result €45,782 after 3 loss-making years.
01-07
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
31-12
Financial
Equity above €200,000Eq €339,824
Equity rises from -€29,905 to €339,824.
06-06
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
2011
05-07
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
2010
29-07
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema
2009
14-08
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema · 14 days late
2008
27-06
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema
2007
07-06
NBB filing
Annual accounts filed
fiscal year 2006 · abbreviated schema
2006
17-07
NBB filing
Annual accounts filed
fiscal year 2005 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | Mr HUYGEN MARK MAASTRICHTERPOORT 13/1, 3740 BILZEN |
15-03-2016 → 21-09-2021 |
| Curator | Mr CLAESEN MARTINE MAASTRICHTER-POORT 13/1, 3740 BILZEN |
15-03-2016 → 21-09-2021 |
Structure & network
Part of the group
LIMBURGSE RECONVERSIE MAATSCHAPPIJ
23 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
Highest known parent: LIMBURGSE RECONVERSIE MAATSCHAPPIJ. The sources do not say who stands above it.
Owners 1
-
65.9%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.