NIPA
InactiveNIPA was declared bankrupt on 31-05-2022 (Ondernemingsrechtbank Gent, afdeling Kortrijk); the bankruptcy was closed by liquidation by judgment of 19-12-2023, published in the Belgian State Gazette on 27-12-2023.
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 31-05-2022, 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 · 10 filingsPosition against the passed deadline
31-05-2022 close31-12-2022 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-05-2021 was due by 31-12-2021 and was filed on 07-02-2022, 38 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 filed
2024
not filed
2023
not filed
2022
not filed
2021
38 d late
2020
36 d late
2019
76 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 50 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 2021, micro schema
Equity
-€71,423▲ 68.9%
2020 · -€229,420
Total assets
€92,023▼ 13.1%
2020 · €105,898
Net result
€157,996▲ 3,188%
2020 · €4,805
Working capital
-€76,203▲ 67.5%
2020 · -€234,315
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
Line201920202021
Operating result-€72,214--€737,510▼ 921%€219,614
Net result-€146,667-€4,805€157,996▲ 3,188%
Equity-€234,225--€229,420▲ 2.1%-€71,423▲ 68.9%
Total assets€1.5m-€105,898▼ 92.9%€92,023▼ 13.1%
Debt€1.7m-€335,318▼ 80.6%€163,446▼ 51.3%
Working capital-€920,494--€234,315▲ 74.5%-€76,203▲ 67.5%
Staff (FTE)10.6-0▼ 100%
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 returns to profit in 2021: €219,614 after a loss of €737,510 in 2020, the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €92,023
Fixed assets
€5,072 ▲ 3.6%
Current assets
€86,951 ▼ 13.9%
Key figures and ratios
EBITDA
€220,478▲
2020 · -€159,643
Cash flow
€158,860▼
2020 · €582,673
Solvency
-77.6%▲
2020 · -216.6%
Current ratio
0.53▲
2020 · 0.30
ROA
171.7%▲
2020 · 4.5%
Debt ≤ 1 year
€163,154▼
2020 · €335,318
Income taxes
€58,021▼
2020 · €104,229
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €206,045 | €577,867 | €864 | ▼ 99.9% |
| Gross operating margin9900 | €521,408 | -€135,411 | €219,064 | ▲ 262% |
| Operating profit (loss)9901 | -€72,214 | -€737,510 | €219,614 | ▲ 130% |
| Recurring financial income75 | €78 | €371 | €280 | ▼ 24.6% |
| Recurring financial charges65 | €74,284 | €3,827 | €3,876 | ▲ 1.3% |
| Profit (loss) for the period before taxes9903 | -€146,420 | €109,034 | €216,018 | ▲ 98.1% |
| Income taxes67/77 | €247 | €104,229 | €58,021 | ▼ 44.3% |
| Profit (loss) for the period9904 | -€146,667 | €4,805 | €157,996 | ▲ 3,188% |
| Profit (loss) for the period to be appropriated9905 | -€146,667 | €4,805 | €157,996 | ▲ 3,188% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.5m | €105,898 | €92,023 | ▼ 13.1% |
| Fixed assets21/28 | €789,896 | €4,896 | €5,072 | ▲ 3.6% |
| Intangible fixed assets21 | €574,206 | - | - | - |
| Tangible fixed assets22/27 | €215,689 | €4,896 | €5,072 | ▲ 3.6% |
| Current assets29/58 | €702,109 | €101,002 | €86,951 | ▼ 13.9% |
| Stocks and contracts in progress3 | €341,497 | - | - | - |
| Amounts receivable within one year40/41 | €16,814 | €11,141 | €30,000 | ▲ 169% |
| Cash at bank and in hand54/58 | €328,018 | €89,480 | €56,881 | ▼ 36.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.5m | €105,898 | €92,023 | ▼ 13.1% |
| Equity10/15 | -€234,225 | -€229,420 | -€71,423 | ▲ 68.9% |
| Contributions10/11 | €18,600 | €18,600 | - | - |
| Reserves13 | €85,204 | €85,204 | €83,344 | ▼ 2.2% |
| Profit (loss) carried forward14 | -€338,029 | -€333,224 | -€175,227 | ▲ 47.4% |
| Amounts payable17/49 | €1.7m | €335,318 | €163,446 | ▼ 51.3% |
| Amounts payable after more than one year17 | €96,963 | - | - | - |
| Amounts payable within one year42/48 | €1.6m | €335,318 | €163,154 | ▼ 51.3% |
| Trade debts44 | €1.5m | €177,612 | €27,701 | ▼ 84.4% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€146,667 | €4,805 | €157,996 | ▲ 3,188% |
| + Depreciation and write-downs630 | €206,045 | €577,867 | €864 | ▼ 99.9% |
| Operating cash flow (approximation) | €59,378 | €582,673 | €158,860 | ▼ 72.7% |
| Investment in fixed assets (approximation) | - | €207,133 | -€1,041 | ▼ 101% |
| Change in cash | - | -€238,538 | -€32,599 | ▲ 86.3% |
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
27-12
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 19-12-2023
2022
03-06
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 31-05-2022
07-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 38 days late
2021
31-05
Financial
Highest result since 2019net €157,996 ▲3,188%
Operating result €219,614, net result €157,996, both a record.
05-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 36 days late
2020
31-05
Financial
Back to profitnet €4,805
Net result €4,805 after one loss-making year.
16-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 76 days late
2019
26-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 57 days late
2018
26-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 26 days late
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 31 days late
2014
28-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 28 days late
2013
28-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 28 days late
2012
04-06
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 4 acts read
About the unread acts
We know of 4 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
4 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 | Yves FRANCOIS EERTBRUGGESTRAAT 10,
8790 WAREGEM |
31-05-2022 → 19-12-2023 |
Recognitions · licences · registrations
Dual-learning approval
4 endedWinkelbediende (so)
Winkelmedewerker (vwo)
Winkelmedewerker duaal (so)
Verkoper (so)