NN
InactiveNN was declared bankrupt on 23-08-2023 (Ondernemingsrechtbank Antwerpen, afdeling Hasselt); the bankruptcy was closed for insufficient assets by judgment of 11-06-2024, published in the Belgian State Gazette on 17-06-2024.
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 31-12-2022, 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 · 2 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 01-09-2022, 32 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
32 d late
2020
278 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 155 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
€1,373▼ 30.1%
2020 · €1,963
Total assets
€34,586▲ 9.9%
2020 · €31,461
Net result
-€590▲ 80.6%
2020 · -€3,037
Working capital
-€7,488▲ 21.1%
2020 · -€9,486
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
Line20202021
Operating result-€3,012--€450▲ 85.1%
Net result-€3,037--€590▲ 80.6%
Equity€1,963-€1,373▼ 30.1%
Total assets€31,461-€34,586▲ 9.9%
Debt€29,498-€33,213▲ 12.6%
Working capital-€9,486--€7,488▲ 21.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €450 in 2021 against €3,012 in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €34,586
Fixed assets
€8,861 ▼ 22.6%
Current assets
€25,725 ▲ 28.6%
Equity and liabilities €34,586
Equity
€1,373 ▼ 30.1%
Debt
€33,213 ▲ 12.6%
Debt's share of the balance-sheet total rises from 93.8% to 96.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€2,138▲
2020 · -€1,521
Cash flow
€1,998▲
2020 · -€1,546
Current ratio
0.77▲
2020 · 0.68
Quick ratio
0.65▼
2020 · 0.68
Debt to equity
24.20▲
2020 · 15.03
ROE
-43.0%▲
2020 · -154.7%
ROA
-1.7%▲
2020 · -9.7%
Interest coverage
15.20▲
2020 · -43.93
Debt ≤ 1 year
€33,213▲
2020 · €29,498
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €2,788 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,491 | €2,588 | ▲ 73.6% |
| Other operating charges640/8 | €937 | €1,754 | ▲ 87.3% |
| Gross operating margin9900 | €2,204 | €3,893 | ▲ 76.6% |
| Operating profit (loss)9901 | -€3,012 | -€450 | ▲ 85.1% |
| Financial income75/76B | €10 | €0 | ▼ 96.9% |
| Recurring financial income75 | €10 | €0 | ▼ 96.9% |
| Financial charges65/66B | €35 | €141 | ▲ 306% |
| Recurring financial charges65 | €35 | €141 | ▲ 306% |
| Profit (loss) for the period before taxes9903 | -€3,037 | -€590 | ▲ 80.6% |
| Profit (loss) for the period9904 | -€3,037 | -€590 | ▲ 80.6% |
| Profit (loss) for the period to be appropriated9905 | -€3,037 | -€590 | ▲ 80.6% |
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €31,461 | €34,586 | ▲ 9.9% |
| Fixed assets21/28 | €11,449 | €8,861 | ▼ 22.6% |
| Tangible fixed assets22/27 | €11,449 | €8,861 | ▼ 22.6% |
| Furniture and vehicles24 | €11,449 | €8,861 | ▼ 22.6% |
| Current assets29/58 | €20,011 | €25,725 | ▲ 28.6% |
| Stocks and contracts in progress3 | - | €4,040 | - |
| Stocks30/36 | - | €4,040 | - |
| Amounts receivable within one year40/41 | €14,572 | €20,118 | ▲ 38.1% |
| Trade receivables40 | €13,519 | €19,882 | ▲ 47.1% |
| Other amounts receivable41 | €1,053 | €236 | ▼ 77.6% |
| Cash at bank and in hand54/58 | €5,439 | €1,567 | ▼ 71.2% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €31,461 | €34,586 | ▲ 9.9% |
| Equity10/15 | €1,963 | €1,373 | ▼ 30.1% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€3,037 | -€3,627 | ▼ 19.4% |
| Amounts payable17/49 | €29,498 | €33,213 | ▲ 12.6% |
| Amounts payable within one year42/48 | €29,498 | €33,213 | ▲ 12.6% |
| Current portion of amounts payable after more than one year42 | €8,884 | €2,653 | ▼ 70.1% |
| Trade debts44 | €7,217 | €1,762 | ▼ 75.6% |
| Suppliers440/4 | €7,217 | €1,762 | ▼ 75.6% |
| Taxes, remuneration and social security45 | - | €2,777 | - |
| Taxes450/3 | - | €2,777 | - |
| Other amounts payable47/48 | €13,396 | €26,022 | ▲ 94.3% |
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€3,037 | -€590 | ▲ 80.6% |
| + Depreciation and write-downs630 | €1,491 | €2,588 | ▲ 73.6% |
| Operating cash flow (approximation) | -€1,546 | €1,998 | ▲ 229% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€3,872 | - |
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
2024
17-06
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 11-06-2024
2023
29-08
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 23-08-2023
2022
01-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 32 days late
05-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 278 days late
SignalNBB filing
0 of 5 acts read
About the unread acts
We know of 5 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
5 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 | VINCENT GEERAERT PRINS BISSCHOPSSINGEL 31,
3500 HASSELT |
23-08-2023 → 11-06-2024 |