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NBIT

Inactive
KBO/BCE: BE 0816.968.048

NBIT was declared bankrupt on 01-02-2022 (Ondernemingsrechtbank Brussel); the bankruptcy was closed by liquidation by judgment of 05-09-2023, published in the Belgian State Gazette on 25-10-2023.

Summary

Inactive; last annual accounts for fiscal year 2017.

Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Belgian State Gazette
neutral · No filing for years
The last filed financial year closed on 31-12-2017. Since then, 8 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 8 filings
Position against the passed deadline
31-12-2018 close31-07-2019 deadline26-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 31-10-2018, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 8 filings
Deviation 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)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Total assets went from EUR 56,129 in 2013 to EUR 94,338 in 2017.1 NBIT was declared bankrupt on 1 February 2022; the bankruptcy was closed on 5 September 2023.23

  1. 1National Bank, annual accounts 2013 and 2017
  2. 2Belgian State Gazette, 09-02-2022
  3. 3Belgian State Gazette, 25-10-2023

Financials · fiscal year 2017, micro schema

Equity
€61,324▲ 8.9%
2016 · €56,322
Total assets
€94,338▲ 0.5%
2016 · €93,860
Net result
€7,002▼ 65.6%
2016 · €20,360
Working capital
€56,371▲ 21.4%
2016 · €46,416
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
Line20132014201520162017
Operating result€14,355-€14,293▼ 0.4%€14,787▲ 3.5%€26,231▲ 77.4%€3,806▼ 85.5%
Net result€10,880-€10,709▼ 1.6%€8,582▼ 19.9%€20,360▲ 137%€7,002▼ 65.6%
Equity€16,670-€27,379▲ 64.2%€35,961▲ 31.3%€56,322▲ 56.6%€61,324▲ 8.9%
Total assets€56,129-€85,887▲ 53.0%€85,085▼ 0.9%€93,860▲ 10.3%€94,338▲ 0.5%
Debt€39,460-€58,508▲ 48.3%€49,124▼ 16.0%€37,538▼ 23.6%€33,014▼ 12.1%
Working capital€15,734-€7,695▼ 51.1%€21,391▲ 178%€46,416▲ 117%€56,371▲ 21.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000€30,000Operating result 2013: €14,355€14,355Net result 2013: €10,880€10,880Operating result 2014: €14,293€14,293Net result 2014: €10,709€10,709Operating result 2015: €14,787€14,787Net result 2015: €8,582€8,582Operating result 2016: €26,231€26,231Net result 2016: €20,360€20,360Operating result 2017: €3,806€3,806Net result 2017: €7,002€7,00220132014201520162017€0€10,000€20,000€30,000Operating result 2015: €14,787€14,800Net result 2015: €8,582€8,580Operating result 2016: €26,231€26,200Net result 2016: €20,360€20,400Operating result 2017: €3,806€3,810Net result 2017: €7,002€7,000201520162017
The operating result falls in 2017; 2017 is 85% below 2016 and is the lowest result in the available series.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €94,338
Fixed assets €4,953 ▼ 50.0%
Current assets €89,385 ▲ 6.5%
Equity and liabilities €94,338
Equity €61,324 ▲ 8.9%
Debt €33,014 ▼ 12.1%
Debt's share of the balance-sheet total falls from 40.0% to 35.0%. Equity is higher and debt is lower.
Key figures and ratios
2017 value · change against 2016
EBITDA
€8,759▼
2016 · €31,184
Cash flow
€11,955▼
2016 · €25,313
Current ratio
2.71▲
2016 · 2.24
ROE
11.4%▼
2016 · 36.2%
ROA
7.4%▼
2016 · 21.7%
Debt ≤ 1 year
€33,014▼
2016 · €37,538
Income taxes
€2,900▼
2016 · €8,900
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 · 2017 against 2016 · 23 lines
Balance sheet Code20162017
Assets
Total assets20/58€93,860€94,338▲
Fixed assets21/28€9,905€4,953▼
Tangible fixed assets22/27€9,905€4,953▼
Current assets29/58€83,954€89,385▲
Amounts receivable within one year40/41€75,801€74,972▼
Cash at bank and in hand54/58€1,594€5,836▲
Equity and liabilities
Total equity and liabilities10/49€93,860€94,338▲
Equity10/15€56,322€61,324▲
Contributions10/11€6,200€6,200=
Reserves13€1,860€1,860=
Profit (loss) carried forward14€48,262€53,264▲
Amounts payable17/49€37,538€33,014▼
Amounts payable within one year42/48€37,538€33,014▼
Trade debts44€5,943€10,340▲
Income statement Code20162017
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,953€4,953=
Gross operating margin9900€31,775€9,539▼
Operating profit (loss)9901€26,231€3,806▼
Recurring financial income75€6,696€6,291▼
Recurring financial charges65€3,667€195▼
Profit (loss) for the period before taxes9903€29,260€9,902▼
Income taxes67/77€8,900€2,900▼
Profit (loss) for the period9904€20,360€7,002▼
Profit (loss) for the period to be appropriated9905€20,360€7,002▼
Line20132014201520162017Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€679€5,535€5,114€4,953€4,953=
Gross operating margin9900€15,778€21,314€20,693€31,775€9,539▼ 70.0%
Operating profit (loss)9901€14,355€14,293€14,787€26,231€3,806▼ 85.5%
Recurring financial income75€2,110€4,890€4,978€6,696€6,291▼ 6.0%
Recurring financial charges65-€3,445€7,183€3,667€195▼ 94.7%
Profit (loss) for the period before taxes9903€16,465€15,738€12,582€29,260€9,902▼ 66.2%
Income taxes67/77€5,586€5,029€4,000€8,900€2,900▼ 67.4%
Profit (loss) for the period9904€10,880€10,709€8,582€20,360€7,002▼ 65.6%
Profit (loss) for the period to be appropriated9905€10,880€10,709€8,582€20,360€7,002▼ 65.6%
Line20132014201520162017Change
Assets
Total assets20/58€56,129€85,887€85,085€93,860€94,338▲ 0.5%
Fixed assets21/28€936€19,683€14,570€9,905€4,953▼ 50.0%
Tangible fixed assets22/27€936€19,683€14,570€9,905€4,953▼ 50.0%
Current assets29/58€55,194€66,204€70,515€83,954€89,385▲ 6.5%
Amounts receivable within one year40/41€55,156€60,484€68,544€75,801€74,972▼ 1.1%
Cash at bank and in hand54/58€37€5,720€1,645€1,594€5,836▲ 266%
Equity and liabilities
Total equity and liabilities10/49€56,129€85,887€85,085€93,860€94,338▲ 0.5%
Equity10/15€16,670€27,379€35,961€56,322€61,324▲ 8.9%
Contributions10/11€6,200€6,200€6,200€6,200€6,200=
Reserves13€1,860€1,860€1,860€1,860€1,860=
Profit (loss) carried forward14€8,610€19,319€27,901€48,262€53,264▲ 10.4%
Amounts payable17/49€39,460€58,508€49,124€37,538€33,014▼ 12.1%
Amounts payable within one year42/48€39,460€58,508€49,124€37,538€33,014▼ 12.1%
Trade debts44€11,299€11,442€11,654€5,943€10,340▲ 74.0%
Line20132014201520162017Change
Profit (loss) for the period9904€10,880€10,709€8,582€20,360€7,002▼ 65.6%
+ Depreciation and write-downs630€679€5,535€5,114€4,953€4,953=
Operating cash flow (approximation)€11,559€16,244€13,696€25,313€11,955▼ 52.8%
Investment in fixed assets (approximation)--€24,283-€1-€288€0▲ 100%
Change in cash-€5,682-€4,075-€51€4,242▲ 8,432%

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

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Timeline · acts, filings and financial milestones

2023
25-10
Bankruptcy Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Brussel · event 05-09-2023
2022
09-02
Bankruptcy Opening
Ondernemingsrechtbank Brussel · event 01-02-2022
2018
31-10
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 92 days late
31-10
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 457 days late
2017
31-12
Financial Weakest financial yearnet €7,002 ▼65.6%
Net result drops to €7,002, the lowest in the series.
21-02
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 205 days late
2016
31-12
Financial Highest result since 2013net €20,360 ▲137%
Operating result €26,231, net result €20,360, both a record.
2015
06-10
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema · 67 days late
2014
03-10
NBB filing Annual accounts filed
fiscal year 2013 · abbreviated schema · 64 days late
2013
30-08
NBB filing Annual accounts filed
fiscal year 2012 · abbreviated schema · 30 days late
2012
25-09
NBB filing Annual accounts filed
fiscal year 2011 · abbreviated schema · 56 days late
2011
09-11
NBB filing Annual accounts filed
fiscal year 2010 · abbreviated schema · 101 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.

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

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
01-02-2022 → 05-09-2023