NS
InactiveNS was declared bankrupt on 28-02-2023 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 09-04-2024, published in the Belgian State Gazette on 16-04-2024.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○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 · 7 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline26-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 23-11-2021, 115 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
115 d late
2019
136 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 126 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, micro schema
Turnover
€182,980▲ 29.2%
2019 · €141,601
EBIT margin
-19.0%▼ 29.3pp
2019 · 10.4%
Net result
-€14,795
2019 · €4,539
Working capital
-€17,020▼ 25.2%
2019 · -€13,590
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
Turnover€5,675-€141,601▲ 2,395%€182,980▲ 29.2%
Operating result-€34,302-€14,687-€34,721
Net result-€35,931-€4,539-€14,795
EBIT margin-604.4%-10.4%▲ 614.8pp-19.0%▼ 29.3pp
Equity€8,871-€13,410▲ 51.2%-€1,385
Total assets€81,121-€67,939▼ 16.3%€61,040▼ 10.2%
Debt€72,250-€54,529▼ 24.5%€62,424▲ 14.5%
Working capital€7,092--€13,590-€17,020▼ 25.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €34,721 after €14,687 in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €61,040
Fixed assets
€28,039 ▼ 28.8%
Current assets
€33,000 ▲ 15.6%
Key figures and ratios
EBITDA
-€22,879▼
2019 · €27,265
Cash flow
-€2,953▼
2019 · €17,117
Solvency
-2.3%▼
2019 · 19.7%
Current ratio
0.66▼
2019 · 0.68
Quick ratio
0.61▼
2019 · 0.62
Debt to equity
-8.96▼
2019 · 0.92
ROA
-24.2%▼
2019 · 6.7%
Debt ≤ 1 year
€50,021▲
2019 · €42,125
Debt > 1 year
€12,403=
2019 · €12,403
Income taxes
€0▼
2019 · €4,597
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 |
|---|---|---|---|---|
| Turnover70 | €5,675 | €141,601 | €182,980 | ▲ 29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,963 | €12,578 | €11,842 | ▼ 5.8% |
| Gross operating margin9900 | -€14,548 | €32,429 | -€14,128 | ▼ 144% |
| Operating profit (loss)9901 | -€34,302 | €14,687 | -€34,721 | ▼ 336% |
| Recurring financial income75 | - | €0 | €21,132 | ▲ 211,320,600% |
| Recurring financial charges65 | €1,629 | €5,551 | €1,205 | ▼ 78.3% |
| Profit (loss) for the period before taxes9903 | -€35,931 | €9,137 | -€14,795 | ▼ 262% |
| Income taxes67/77 | - | €4,597 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€35,931 | €4,539 | -€14,795 | ▼ 426% |
| Profit (loss) for the period to be appropriated9905 | -€35,931 | €4,539 | -€14,795 | ▼ 426% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €81,121 | €67,939 | €61,040 | ▼ 10.2% |
| Formation expenses20 | - | €0 | €0 | - |
| Fixed assets21/28 | €49,683 | €39,404 | €28,039 | ▼ 28.8% |
| Intangible fixed assets21 | €1,273 | €1,050 | €828 | ▼ 21.2% |
| Tangible fixed assets22/27 | €46,710 | €38,354 | €27,211 | ▼ 29.1% |
| Financial fixed assets28 | €1,700 | €0 | €0 | - |
| Current assets29/58 | €31,438 | €28,535 | €33,000 | ▲ 15.6% |
| Stocks and contracts in progress3 | €2,331 | €2,331 | €2,331 | = |
| Amounts receivable within one year40/41 | €8,233 | €16,526 | €17,037 | ▲ 3.1% |
| Current investments50/53 | - | €0 | €0 | - |
| Cash at bank and in hand54/58 | €20,724 | €9,678 | €13,633 | ▲ 40.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €81,121 | €67,939 | €61,040 | ▼ 10.2% |
| Equity10/15 | €8,871 | €13,410 | -€1,385 | ▼ 110% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€11,589 | -€7,050 | -€21,845 | ▼ 210% |
| Provisions and deferred taxes16 | - | - | €0 | - |
| Amounts payable17/49 | €72,250 | €54,529 | €62,424 | ▲ 14.5% |
| Amounts payable after more than one year17 | €47,904 | €12,403 | €12,403 | = |
| Amounts payable within one year42/48 | €24,346 | €42,125 | €50,021 | ▲ 18.7% |
| Trade debts44 | €1,030 | €1,591 | €6,783 | ▲ 326% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€35,931 | €4,539 | -€14,795 | ▼ 426% |
| + Depreciation and write-downs630 | €14,963 | €12,578 | €11,842 | ▼ 5.8% |
| Operating cash flow (approximation) | -€20,968 | €17,117 | -€2,953 | ▼ 117% |
| Investment in fixed assets (approximation) | - | -€2,299 | -€478 | ▲ 79.2% |
| Change in cash | - | -€11,046 | €3,954 | ▲ 136% |
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
16-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · event 09-04-2024
2023
10-03
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 28-02-2023
2021
23-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 115 days late
2020
14-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 136 days late
2019
31-12
Financial
Back to profitnet €4,539
Net result €4,539 after one loss-making year.
04-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 126 days late
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 100 days late
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
27-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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 | JOAN DUBAERE KEIZER KARELLAAN 586 BUS 9,
1082 SINT-AGATHA-BERCHEM |
28-02-2023 → 09-04-2024 |