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NASCOM

Inactive
KBO/BCE: BE 0479.316.194

NASCOM 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 Official Gazette on 27-09-2021.

Summary

Inactive; last annual accounts for financial year 2014.

NASCOMInactive

Overview

Activity
Activity not known
Size
€4.2mturnover 2014
Staff
30.5 FTE
Equity
€275,850
Loss
-€109,756
Financial health
Inactive: no score
Structure
Parent
LIMBURGSE RECONVERSIE MAATSCHAPPIJ · 65.9%
10 deeds in the Belgian Official Gazette
SignalsneutralPrior bankruptcyNo filing for yearsA punctual record breaksShow the evidence

Signals

Three signals.
neutral
neutral · Prior bankruptcy
Earlier bankruptcy on record in the Belgian Official Gazette, no current open procedure.
Belgian Official Gazette
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 filings
Position against the passed deadline
31-12-2015 year end31-07-2016 deadline31-10-2026 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: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2014
7 days late
2013
34 days early
2012
30 days early
2011
55 days early
2010
26 days early
2009
2 days early
2008
14 days late
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Bankruptcy closure (insufficient assets)Enterprise Court of Antwerp, Tongeren…
  2. OpeningCommercial Court of Antwerp, Tongeren…
  3. Annual accounts filedfinancial year 2014 · full…

Financials · financial year 2014, full format

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

2010 to 2014, 5 financial years 2010 to 2014, 5 financial years

The operating result turns negative in 2014: a loss of €69,097 after €87,797 in 2013.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€4.2m 2014 Operating result-€0.07m 2014 Net result-€0.1m 2014

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20102011201220132014
Turnover€4.5m€4.2m▼ 7.0%
Operating result-€0.6m--€0.4m▲ 39.4%-€0.4m▼ 12.1%€0.09m-€0.07m
Net result-€0.7m--€0.4m▲ 35.3%-€0.5m▼ 7.4%€0.05m-€0.1m
EBIT margin1.9%-1.6%▼ 3.6pp
Equity€0.4m--€0.03m€0.3m€0.4m▲ 13.5%€0.3m▼ 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€0.7m-€0.5m▼ 26.2%€0.4m▼ 17.6%-€0.3m-€0.4m▼ 24.4%
Staff (FTE)52.7-42.3▼ 19.7%33.1▼ 21.7%27.3▼ 17.5%30.5▲ 11.7%
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
2014 value · change against 2013
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
Filed annual accounts As filed with the NBB · 2014 against 2013 · 30 lines
Balance sheet Code20132014
Assets
Total assets20/58€2.8m€2.3m▼
Formation expenses20€0.05m-
Fixed assets21/28€1.3m€1.2m▼
Intangible fixed assets21€0.1m€1.0m▲
Tangible fixed assets22/27€0.1m€0.1m▼
Financial fixed assets28€1.0m€0.005m▼
Current assets29/58€1.5m€1.2m▼
Stocks and contracts in progress3€0.1m-
Amounts receivable within one year40/41€1.2m€0.9m▼
Cash at bank and in hand54/58€0.09m€0.2m▲
Equity and liabilities
Total equity and liabilities10/49€2.8m€2.3m▼
Equity10/15€0.4m€0.3m▼
Contributions10/11€2.3m€2.3m=
Reserves13€0.02m€0.02m=
Profit (loss) carried forward14-€2.0m-€2.1m▼
Provisions and deferred taxes16-€0.02m
Amounts payable17/49€2.4m€2.0m▼
Amounts payable after more than one year17€0.4m€0.4m▼
Amounts payable within one year42/48€1.8m€1.6m▼
Trade debts44€0.7m€0.5m▼
Income statement Code20132014
Turnover70€4.5m€4.2m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.2m€0.1m▼
Operating profit (loss)9901€0.09m-€0.07m▼
Recurring financial income75€0.02m€0.003m▼
Recurring financial charges65€0.06m€0.07m▲
Debt charges650€0.06m€0.07m▲
Profit (loss) for the period before taxes9903€0.05m-€0.1m▼
Income taxes67/77€0.005m€0.002m▼
Profit (loss) for the period9904€0.05m-€0.1m▼
Profit (loss) for the period to be appropriated9905€0.05m-€0.1m▼
Line20102011201220132014Change
Turnover70---€4.5m€4.2m▼ 7.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.3m€0.3m€0.2m€0.2m€0.1m▼ 11.9%
Gross operating margin9900€2.7m€2.6m€2.1m---
Operating profit (loss)9901-€0.6m-€0.4m-€0.4m€0.09m-€0.07m-
Recurring financial income75€0.06m€0.04m€0.05m€0.02m€0.003m▼ 87.5%
Recurring financial charges65€0.1m€0.1m€0.1m€0.06m€0.07m▲ 16.6%
Debt charges650---€0.06m€0.07m▲ 22.5%
Profit (loss) for the period before taxes9903-€0.7m-€0.4m-€0.5m€0.05m-€0.1m-
Income taxes67/77---€237€0.005m€0.002m▼ 48.9%
Profit (loss) for the period9904-€0.7m-€0.4m-€0.5m€0.05m-€0.1m-
Profit (loss) for the period to be appropriated9905-€0.7m-€0.4m-€0.5m€0.05m-€0.1m-
Line20102011201220132014Change
Assets
Total assets20/58€3.5m€3.2m€3.1m€2.8m€2.3m▼ 15.6%
Formation expenses20€0.2m€0.2m€0.1m€0.05m--
Fixed assets21/28€0.7m€0.5m€0.4m€1.3m€1.2m▼ 10.7%
Intangible fixed assets21€0.1m€0.1m€0.08m€0.1m€1.0m▲ 934%
Tangible fixed assets22/27€0.3m€0.2m€0.2m€0.1m€0.1m▼ 5.9%
Financial fixed assets28€0.006m€0.006m€0.006m€1.0m€0.005m▼ 99.5%
Current assets29/58€2.8m€2.7m€2.7m€1.5m€1.2m▼ 20.0%
Stocks and contracts in progress3€0.3m€0.2m€0.2m€0.1m--
Amounts receivable within one year40/41€1.8m€1.5m€1.1m€1.2m€0.9m▼ 20.9%
Cash at bank and in hand54/58€0.1m€0.08m€0.2m€0.09m€0.2m▲ 106%
Equity and liabilities
Total equity and liabilities10/49€3.5m€3.2m€3.1m€2.8m€2.3m▼ 15.6%
Equity10/15€0.4m-€0.03m€0.3m€0.4m€0.3m▼ 28.5%
Contributions10/11€1.5m€1.5m€2.3m€2.3m€2.3m=
Reserves13€0.02m€0.02m€0.02m€0.02m€0.02m=
Profit (loss) carried forward14-€1.1m-€1.5m-€2.0m-€2.0m-€2.1m▼ 5.6%
Provisions and deferred taxes16€0.03m€0.06m€0.08m-€0.02m-
Amounts payable17/49€3.0m€3.2m€2.6m€2.4m€2.0m▼ 14.2%
Amounts payable after more than one year17€0.8m€0.8m€0.2m€0.4m€0.4m▼ 3.4%
Amounts payable within one year42/48€2.1m€2.1m€2.2m€1.8m€1.6m▼ 12.2%
Trade debts44€0.8m€0.7m€0.8m€0.7m€0.5m▼ 36.4%
Line20102011201220132014Change
Profit (loss) for the period9904-€0.7m-€0.4m-€0.5m€0.05m-€0.1m-
+ Depreciation and write-downs630€0.3m€0.3m€0.2m€0.2m€0.1m▼ 11.9%
Operating cash flow (approximation)-€0.4m-€0.2m-€0.2m€0.2m€0.04m▼ 82.7%
Investment in fixed assets (approximation)--€0.1m-€0.09m-€1.1m-€0.008m▲ 99.3%
Change in cash--€0.01m€0.09m-€0.08m€0.1m-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 12 filings with the National Bank
Financial year Type Filed Reference
31-12-2014 full format 07-08-2015 2015-40600194
31-12-2013 full format 27-06-2014 2014-23400207
31-12-2012 abbreviated format 01-07-2013 2013-27200347
31-12-2011 abbreviated format 06-06-2012 2012-15400585
31-12-2010 abbreviated format 05-07-2011 2011-26000388
31-12-2009 abbreviated format 29-07-2010 2010-36900278
31-12-2008 abbreviated format 14-08-2009 2009-57000334
31-12-2007 abbreviated format 27-06-2008 2008-29400028
31-12-2006 abbreviated format 07-06-2007 2007-19600094
31-12-2005 abbreviated format 17-07-2006 2006-48100498

Show all 12 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 10 Gazette acts processed. See the directors and other office holders in the KBO →

Insolvency mandates

2 mandates
Role Name Tenure
Trustee Mr Huygen Mark
Maastrichterpoort 13/1, 3740 Bilzen
15-03-2016 → 21-09-2021
Trustee Mr Claesen Martine
Maastrichter-Poort 13/1, 3740 Bilzen
15-03-2016 → 21-09-2021

Owners and capital

Owners

1 owner

Chain of control

  1. LIMBURGSE RECONVERSIE MAATSCHAPPIJ 65.9%
  2. NASCOM

Highest known parent: LIMBURGSE RECONVERSIE MAATSCHAPPIJ. The sources do not say who stands above it.

Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.

Group and network

Part of the group LIMBURGSE RECONVERSIE MAATSCHAPPIJ 23 companies Group, risk and exposure

Connections & network

Depth

The network starts from this company’s shareholders. What else they own or run appears here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

Total assets went from €3.5m in 2010 to €2.3m in 2014 and headcount from 52.7 to 30.5 full-time equivalents.1 NASCOM was declared bankrupt on 15 March 2016; the bankruptcy was closed on 21 September 2021.23

  1. 1National Bank, annual accounts 2010 and 2014
  2. 2Belgian Official Gazette, 17-03-2016
  3. 3Belgian Official Gazette, 27-09-2021

Acts, filings and financial milestones

2021
27-09
Bankruptcy Bankruptcy closure (insufficient assets)
Enterprise Court of Antwerp, Tongeren division · judgment of 21-09-2021
2016
17-03
Bankruptcy Opening
Commercial Court of Antwerp, Tongeren division · judgment of 15-03-2016
2015
07-08
NBB filing Annual accounts filed
financial year 2014 · full format · 7 days late
2014
27-06
NBB filing Annual accounts filed
financial year 2013 · full format
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
financial year 2012 · abbreviated format
2012
31-12
Financial Equity above €200,000equity €339,824
Equity rises from -€29,905 to €339,824.
06-06
NBB filing Annual accounts filed
financial year 2011 · abbreviated format
2011
05-07
NBB filing Annual accounts filed
financial year 2010 · abbreviated format
2010
29-07
NBB filing Annual accounts filed
financial year 2009 · abbreviated format
2009
14-08
NBB filing Annual accounts filed
financial year 2008 · abbreviated format · 14 days late
2008
27-06
NBB filing Annual accounts filed
financial year 2007 · abbreviated format
2007
07-06
NBB filing Annual accounts filed
financial year 2006 · abbreviated format
2006
17-07
NBB filing Annual accounts filed
financial year 2005 · abbreviated format
SignalFinancial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 12 annual accounts filed, the latest 10 are here; all 12 are under Financials.
0 of 10 deeds read
About the unread acts

We know of 10 Belgian Official Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.
Inactive

Inactive

NASCOM is no longer in the KBO register.

Status
Inactive
Last annual accounts
financial year to 31 December 2014
Last registered office
C-Mine 1, Bus 13, Evence Coppeelaan 91, 3600 Genkas published on 4 March 2016
Legal form
Public limited company
Active since
2003 (first annual accounts)
Official KBO record

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.