NOATEC
Open bankruptcyA bankruptcy procedure is open for NOATEC according to publications in the Belgian State Gazette; curator: STEVEN NYSTEN.
Summary
The 2021 annual accounts show equity of €211k and a net result of €45k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Turnover
€4.65M
EBIT margin
4.3%
Net result
€45k▼ 69.3%
2020 · €145k
2018: €2k
2019: €2k
2020: €145k
2018 → 2021
Working capital
€205k▼ 63.4%
2020 · €562k
2018: €14k
2019: €14k
2020: €562k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€4.65M
Equity€20k-€22k▲ 9.8%€168k▲ 656%€211k▲ 26.1%
Operating result€1k-€4k▲ 196%€201k▲ 5,242%€62k▼ 69.2%
Net result€2k-€2k▲ 25.2%€145k▲ 7,217%€45k▼ 69.3%
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 69% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €2.71M
Fixed assets
€6k ▼ 13.6%
Current assets
€2.70M ▲ 143%
Equity and liabilities €2.71M
Equity
€211k ▲ 26.1%
Debt
€2.50M ▲ 162%
Debt's share of the balance-sheet total rises from 85.1% to 92.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€66k▼
2020 · €205k
Cash flow
€49k▼
2020 · €150k
Current ratio
1.08▼
2020 · 2.02
Quick ratio
0.68▲
2020 · 0.65
Debt to equity
11.83
ROE
21.1%▼
2020 · 86.8%
ROA
1.6%▼
2020 · 13.0%
Interest coverage
60.27
Debt ≤ 1 year
€2.50M▲
2020 · €552k
Income taxes
€16k▼
2020 · €52k
Staff costs
€34k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 47 lines
Balance sheet
Code20202021
Assets
Total assets20/58€1.12M€2.71M▲
Fixed assets21/28€7k€6k▼
Tangible fixed assets22/27€7k€3k▼
Plant, machinery and equipment23-€1k
Furniture and vehicles24-€787
Other tangible fixed assets26-€388
Financial fixed assets28-€3k
Current assets29/58€1.11M€2.70M▲
Stocks and contracts in progress3€753k€1.01M▲
Stocks30/36-€1.01M
Amounts receivable within one year40/41€324k€705k▲
Trade receivables40-€705k
Cash at bank and in hand54/58€37k€986k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€1.12M€2.71M▲
Equity10/15€168k€211k▲
Contributions10/11-€19k
Reserves13€2k€2k=
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Profit (loss) carried forward14€147k€191k▲
Amounts payable17/49€953k€2.50M▲
Amounts payable within one year42/48€552k€2.50M▲
Trade debts44€472k€2.46M▲
Suppliers440/4-€2.46M
Taxes, remuneration and social security45-€30k
Taxes450/3-€19k
Remuneration and social security454/9-€11k
Other amounts payable47/48-€12k
Income statement
Code20202021
Turnover70€4.65M-
Remuneration, social security and pensions62-€34k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k=
Other operating charges640/8-€2k
Gross operating margin9900€224k€102k▼
Operating profit (loss)9901€201k€62k▼
Financial income75/76B-€13
Recurring financial income75-€13
Financial charges65/66B-€1k
Recurring financial charges65€4k€1k▼
Profit (loss) for the period before taxes9903€197k€61k▼
Income taxes67/77€52k€16k▼
Profit (loss) for the period9904€145k€45k▼
Profit (loss) for the period to be appropriated9905€145k€45k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€192k
Profit (loss) brought forward from the previous period14P-€147k
Profit to be distributed694/7-€800
Return on contributions (dividend)694-€800
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
18-03
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · NOATEC BV LOUIZALAAN 367, 1050 ELSENE · event 12-03-2024
2022
12-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 134 days late
2021
31-12
Financial
Equity above €200kEq €211k ▲26.1%
4 profitable years in a row build equity to €211k.
20-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 81 days late
2020
31-12
Financial
Highest result since 2018net €145k ▲7217%
Operating result €201k, net result €145k, both a record.
31-12
Financial
Equity above €150kEq €168k ▲656%
3 profitable years in a row build equity to €168k.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 122 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 61 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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
1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ground area
266 m²
Building footprint
265 m²
Volume, LiDAR
3,746 m³
Parcel 21807G0211/00W012, Brussels · tallest building 34.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
NOATEC
since 20172.282.903.215
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0211/00W012 | Brussels | 266 m² | 1 · 265 m² | 34.0 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | STEVEN NYSTEN PEGASUSLAAN 5, 1831 DIEGEM- |
12-03-2024 → present |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded30-11-2017
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.