NS
InactiveNS was declared bankrupt on 18-09-2023 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 28-01-2025, published in the Belgian State Gazette on 05-02-2025.
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 · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline26-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 26-07-2022, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
5 d early
2020
31 d early
2019
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 13 days before 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, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€26,166▼ 221%
2020 · -€8,163
Working capital
-€148,601▼ 18.9%
2020 · -€124,990
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
Line2018201920202021
Operating result-€19,363--€20,788▼ 7.4%-€8,014▲ 61.4%-€26,025▼ 225%
Net result-€19,534--€20,927▼ 7.1%-€8,163▲ 61.0%-€26,166▼ 221%
Equity-€80,692--€101,619▼ 25.9%-€109,782▼ 8.0%-€135,948▼ 23.8%
Total assets€30,120-€30,368▲ 0.8%€47,913▲ 57.8%€56,066▲ 17.0%
Debt€110,812-€131,987▲ 19.1%€157,695▲ 19.5%€192,014▲ 21.8%
Working capital-€103,069--€120,665▼ 17.1%-€124,990▼ 3.6%-€148,601▼ 18.9%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €26,025 in 2021 against €8,014 in 2020; the loss grows and 2021 has the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €56,066
Fixed assets
€12,653 ▼ 16.8%
Current assets
€43,413 ▲ 32.7%
Key figures and ratios
EBITDA
-€23,471▼
2020 · -€4,176
Cash flow
-€23,612▼
2020 · -€4,325
Solvency
-242.5%▼
2020 · -229.1%
Current ratio
0.23▲
2020 · 0.21
Quick ratio
0.06▼
2020 · 0.14
Debt to equity
-1.41
ROA
-46.7%▼
2020 · -17.0%
Interest coverage
-167.04
Debt ≤ 1 year
€192,014▲
2020 · €157,695
Staff costs
€28,126
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €28,126 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,924 | €4,072 | €3,838 | €2,554 | ▼ 33.5% |
| Other operating charges640/8 | - | - | - | €1,038 | - |
| Gross operating margin9900 | -€15,439 | -€10,718 | €6,515 | €5,694 | ▼ 12.6% |
| Operating profit (loss)9901 | -€19,363 | -€20,788 | -€8,014 | -€26,025 | ▼ 225% |
| Recurring financial income75 | - | - | €0 | - | - |
| Financial charges65/66B | - | - | - | €141 | - |
| Recurring financial charges65 | €171 | €139 | €149 | €141 | ▼ 5.8% |
| Profit (loss) for the period before taxes9903 | -€19,534 | -€20,927 | -€8,163 | -€26,166 | ▼ 221% |
| Profit (loss) for the period9904 | -€19,534 | -€20,927 | -€8,163 | -€26,166 | ▼ 221% |
| Profit (loss) for the period to be appropriated9905 | -€19,534 | -€20,927 | -€8,163 | -€26,166 | ▼ 221% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €30,120 | €30,368 | €47,913 | €56,066 | ▲ 17.0% |
| Fixed assets21/28 | €22,377 | €19,046 | €15,208 | €12,653 | ▼ 16.8% |
| Tangible fixed assets22/27 | €17,127 | €13,796 | €9,958 | €7,403 | ▼ 25.7% |
| Plant, machinery and equipment23 | - | - | - | €126 | - |
| Other tangible fixed assets26 | - | - | - | €7,278 | - |
| Financial fixed assets28 | €5,250 | €5,250 | €5,250 | €5,250 | = |
| Current assets29/58 | €7,742 | €11,322 | €32,705 | €43,413 | ▲ 32.7% |
| Stocks and contracts in progress3 | €7,690 | €8,450 | €9,871 | €32,725 | ▲ 232% |
| Stocks30/36 | - | - | - | €32,725 | - |
| Amounts receivable within one year40/41 | - | - | €20,994 | €6,435 | ▼ 69.3% |
| Trade receivables40 | - | - | - | €6,338 | - |
| Other amounts receivable41 | - | - | - | €97 | - |
| Cash at bank and in hand54/58 | €52 | €2,872 | €1,841 | €4,252 | ▲ 131% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €30,120 | €30,368 | €47,913 | €56,066 | ▲ 17.0% |
| Equity10/15 | -€80,692 | -€101,619 | -€109,782 | -€135,948 | ▼ 23.8% |
| Contributions10/11 | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Capital10 | - | - | - | €19,000 | - |
| Issued capital100 | - | - | - | €19,000 | - |
| Reserves13 | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Non-distributable reserves130/1 | - | - | - | €1,900 | - |
| Legal reserve130 | - | - | - | €1,900 | - |
| Profit (loss) carried forward14 | -€101,592 | -€122,519 | -€130,682 | -€156,848 | ▼ 20.0% |
| Amounts payable17/49 | €110,812 | €131,987 | €157,695 | €192,014 | ▲ 21.8% |
| Amounts payable within one year42/48 | €110,812 | €131,987 | €157,695 | €192,014 | ▲ 21.8% |
| Trade debts44 | €326 | €1,892 | €806 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €46,904 | - |
| Taxes450/3 | - | - | - | €41,638 | - |
| Remuneration and social security454/9 | - | - | - | €5,267 | - |
| Other amounts payable47/48 | - | - | - | €145,110 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€19,534 | -€20,927 | -€8,163 | -€26,166 | ▼ 221% |
| + Depreciation and write-downs630 | €3,924 | €4,072 | €3,838 | €2,554 | ▼ 33.5% |
| Operating cash flow (approximation) | -€15,610 | -€16,855 | -€4,325 | -€23,612 | ▼ 446% |
| Investment in fixed assets (approximation) | - | -€741 | €0 | €0 | - |
| Change in cash | - | €2,820 | -€1,031 | €2,412 | ▲ 334% |
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
2025
05-02
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · event 28-01-2025
2023
25-09
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 18-09-2023
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet -€26,166
Net result drops to -€26,166, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
22-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 91 days late
2016
22-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 114 days late
2015
24-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
29-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 29 days late
2013
18-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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 | THIERRY BINDELLE RUE VAN EYCK 44 BTE 6,
1000 FR BRUXELLES-VILLE |
18-09-2023 → 28-01-2025 |