OAKLINE
InactiveOAKLINE was declared bankrupt on 06-10-2022 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 16-01-2024, published in the Belgian State Gazette on 29-01-2024.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○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 · 5 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 30-07-2021, 1 day ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
1 d early
2019
3 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, abbreviated schema
Equity
€51k▲ 111%
2019 · €24k
2018: €-19klowest in 3 years
2019: €24k▲ +227% vs 2018
2020: €51k▲ +111% vs 2019highest in 3 years
2018 → 2020
Total assets
€109k▲ 48.8%
2019 · €73k
2018: €19klowest in 3 years
2019: €73k▲ +289% vs 2018
2020: €109k▲ +48.8% vs 2019highest in 3 years
2018 → 2020
Net result
€27k▼ 38.0%
2019 · €43k
2018: €-31klowest in 3 years
2019: €43k▲ +239% vs 2018highest in 3 years
2020: €27k▼ -38.0% vs 2019
2018 → 2020
Working capital
€34k▲ 76.2%
2019 · €20k
2018: €-26klowest in 3 years
2019: €20k▲ +174% vs 2018
2020: €34k▲ +76.2% vs 2019highest in 3 years
2018 → 2020
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€-19k-€24k€51k▲ 111%
2018: €-19klowest in 3 years
2019: €24k▲ +227% vs 2018
2020: €51k▲ +111% vs 2019highest in 3 years
Operating result€-31k-€48k€33k▼ 30.8%
2018: €-31klowest in 3 years
2019: €48k▲ +257% vs 2018highest in 3 years
2020: €33k▼ -30.8% vs 2019
Net result€-31k-€43k€27k▼ 38.0%
2018: €-31klowest in 3 years
2019: €43k▲ +239% vs 2018highest in 3 years
2020: €27k▼ -38.0% vs 2019
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2020; 2020 is 31% below 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €109k
Fixed assets
€38k ▲ 720%
Current assets
€70k ▲ 3.0%
Equity and liabilities €109k
Equity
€51k ▲ 111%
Debt
€58k ▲ 18.1%
Debt's share of the balance-sheet total falls from 66.9% to 53.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€36k
Cash flow
€29k
Current ratio
1.96▲
2019 · 1.40
Debt to equity
0.42
ROE
52.5%▼
2019 · 178.6%
ROA
24.7%▼
2019 · 59.2%
Debt ≤ 1 year
€36k▼
2019 · €49k
Debt > 1 year
€22k
Income taxes
€7k▲
2019 · €2k
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 · 2020 against 2019 · 26 lines
Balance sheet
Code20192020
Assets
Total assets20/58€73k€109k▲
Fixed assets21/28€5k€38k▲
Tangible fixed assets22/27-€31k
Financial fixed assets28€5k€8k▲
Current assets29/58€68k€70k▲
Stocks and contracts in progress3€12k-
Amounts receivable within one year40/41€46k€55k▲
Cash at bank and in hand54/58€11k€15k▲
Equity and liabilities
Total equity and liabilities10/49€73k€109k▲
Equity10/15€24k€51k▲
Contributions10/11€20k-
Reserves13€934€934=
Profit (loss) carried forward14€4k€30k▲
Amounts payable17/49€49k€58k▲
Amounts payable after more than one year17-€22k
Amounts payable within one year42/48€49k€36k▼
Trade debts44€3k€10k▲
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€3k
Gross operating margin9900€50k€36k▼
Operating profit (loss)9901€48k€33k▼
Recurring financial income75€1k€2k▲
Recurring financial charges65€4k€2k▼
Profit (loss) for the period before taxes9903€45k€34k▼
Income taxes67/77€2k€7k▲
Profit (loss) for the period9904€43k€27k▼
Profit (loss) for the period to be appropriated9905€43k€27k▼
Accounts by statement
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | - | €3k | - |
| Gross operating margin9900 | €-30k | €50k | €36k | ▼ 28.4% |
| Operating profit (loss)9901 | €-31k | €48k | €33k | ▼ 30.8% |
| Recurring financial income75 | €579 | €1k | €2k | ▲ 86.8% |
| Recurring financial charges65 | €782 | €4k | €2k | ▼ 60.7% |
| Profit (loss) for the period before taxes9903 | €-31k | €45k | €34k | ▼ 25.0% |
| Income taxes67/77 | - | €2k | €7k | ▲ 242% |
| Profit (loss) for the period9904 | €-31k | €43k | €27k | ▼ 38.0% |
| Profit (loss) for the period to be appropriated9905 | €-31k | €43k | €27k | ▼ 38.0% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €19k | €73k | €109k | ▲ 48.8% |
| Fixed assets21/28 | €7k | €5k | €38k | ▲ 720% |
| Tangible fixed assets22/27 | €3k | - | €31k | - |
| Financial fixed assets28 | €5k | €5k | €8k | ▲ 62.9% |
| Current assets29/58 | €11k | €68k | €70k | ▲ 3.0% |
| Stocks and contracts in progress3 | - | €12k | - | - |
| Amounts receivable within one year40/41 | €10k | €46k | €55k | ▲ 19.4% |
| Cash at bank and in hand54/58 | €654 | €11k | €15k | ▲ 33.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €19k | €73k | €109k | ▲ 48.8% |
| Equity10/15 | €-19k | €24k | €51k | ▲ 111% |
| Contributions10/11 | €20k | €20k | - | - |
| Reserves13 | €934 | €934 | €934 | = |
| Profit (loss) carried forward14 | €-39k | €4k | €30k | ▲ 718% |
| Amounts payable17/49 | €38k | €49k | €58k | ▲ 18.1% |
| Amounts payable after more than one year17 | - | - | €22k | - |
| Amounts payable within one year42/48 | €38k | €49k | €36k | ▼ 26.2% |
| Trade debts44 | €7k | €3k | €10k | ▲ 246% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-31k | €43k | €27k | ▼ 38.0% |
| + Depreciation and write-downs630 | €1k | - | €3k | - |
| Operating cash flow (approximation) | €-30k | €43k | €29k | ▼ 31.8% |
| Investment in fixed assets (approximation) | - | €3k | €-36k | ▼ 1,374% |
| Change in cash | - | €10k | €4k | ▼ 64.4% |
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
29-01
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 16-01-2024
2022
12-10
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 06-10-2022
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €43k
Net result €43k after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 1.40
Current ratio from 0.30 to 1.40.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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 | ALEXANDRE BASTENIER LEON STYNENSTRAAT 63,
2000 ANTWERPEN 1 |
06-10-2022 → 16-01-2024 |