NEW RIGA
InactiveNEW RIGA was declared bankrupt on 26-09-2022 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 16-05-2023, published in the Belgian State Gazette on 25-05-2023.
Summary
Inactive; last annual accounts for fiscal year 2020.
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 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline29-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 30-08-2021, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
30 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 76 days after 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 2020, abbreviated schema
Equity
€32,614▼ 91.1%
2019 · €365,862
Total assets
€317,879▼ 38.8%
2019 · €519,639
Net result
-€333,248▼ 991%
2019 · -€30,537
Working capital
€153,194▼ 68.5%
2019 · €485,862
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
Line201820192020
Operating result€10,170--€29,624-€130,579▼ 341%
Net result€60,775--€30,537-€333,248▼ 991%
Equity€396,399-€365,862▼ 7.7%€32,614▼ 91.1%
Total assets€517,737-€519,639▲ 0.4%€317,879▼ 38.8%
Debt€1,338-€33,777▲ 2,425%€165,264▲ 389%
Working capital€7,539-€485,862▲ 6,345%€153,194▼ 68.5%
Staff (FTE)0.70.3▼ 57.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €130,579 in 2020 against €29,624 in 2019; the loss grows and 2020 has the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Equity and liabilities €317,879
Equity
€32,614 ▼ 91.1%
Provisions
€120,000 =
Debt
€165,264 ▲ 389%
Debt's share of the balance-sheet total rises from 6.5% to 52.0%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.93▼
2019 · 15.38
Quick ratio
1.89▼
2019 · 15.38
ROA
-104.8%▼
2019 · -5.9%
Debt ≤ 1 year
€164,684▲
2019 · €33,777
A ratio outside any meaningful range has been withheld (balance sheet total €317,879, equity €32,614).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Gross operating margin9900 | €11,235 | -€4,614 | -€102,192 | ▼ 2,115% |
| Operating profit (loss)9901 | €10,170 | -€29,624 | -€130,579 | ▼ 341% |
| Recurring financial income75 | - | - | €30 | - |
| Recurring financial charges65 | €1,094 | €912 | €202,699 | ▲ 22,114% |
| Profit (loss) for the period before taxes9903 | €9,076 | -€30,537 | -€333,248 | ▼ 991% |
| Profit (loss) for the period9904 | €60,775 | -€30,537 | -€333,248 | ▼ 991% |
| Profit (loss) for the period to be appropriated9905 | €129,377 | -€30,537 | -€333,248 | ▼ 991% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €517,737 | €519,639 | €317,879 | ▼ 38.8% |
| Fixed assets21/28 | €508,860 | - | - | - |
| Financial fixed assets28 | €508,860 | - | - | - |
| Current assets29/58 | €8,877 | €519,639 | €317,879 | ▼ 38.8% |
| Stocks and contracts in progress3 | - | - | €6,120 | - |
| Amounts receivable within one year40/41 | €8,874 | €9,705 | €2,896 | ▼ 70.2% |
| Cash at bank and in hand54/58 | €3 | €1,074 | €3 | ▼ 99.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €517,737 | €519,639 | €317,879 | ▼ 38.8% |
| Equity10/15 | €396,399 | €365,862 | €32,614 | ▼ 91.1% |
| Contributions10/11 | €230,987 | €230,987 | - | - |
| Reserves13 | €282,904 | €282,904 | €282,904 | = |
| Profit (loss) carried forward14 | -€117,492 | -€148,028 | -€481,276 | ▼ 225% |
| Provisions and deferred taxes16 | €120,000 | €120,000 | €120,000 | = |
| Amounts payable17/49 | €1,338 | €33,777 | €165,264 | ▲ 389% |
| Amounts payable within one year42/48 | €1,338 | €33,777 | €164,684 | ▲ 388% |
| Trade debts44 | - | €12,083 | €14,131 | ▲ 16.9% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €60,775 | -€30,537 | -€333,248 | ▼ 991% |
| Operating cash flow (approximation) | €60,775 | -€30,537 | -€333,248 | ▼ 991% |
| Change in cash | - | €1,071 | -€1,072 | ▼ 200% |
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
2023
25-05
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · event 16-05-2023
2022
10-10
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 26-09-2022
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet -€333,248
Net result drops to -€333,248, the lowest in the series.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 122 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 15.38
Current ratio from 6.64 to 15.38.
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 92 days late
17-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 170 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 365 days late
30-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
08-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
03-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
26-06
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
10-07
NBB filing
Annual accounts filed
fiscal year 2011 · 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
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | POL MASSART CHAUSSEE DE LA HULPE, 110/5,
1000 FR BRUXELLES-VILLE |
26-09-2022 → 16-05-2023 |