OFFITECH
InactiveOFFITECH was declared bankrupt on 31-05-2022 (Ondernemingsrechtbank Gent, afdeling Brugge); the bankruptcy was closed for insufficient assets by judgment of 17-04-2023, published in the Belgian State Gazette on 27-04-2023.
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 30-06-2022, 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
30-06-2022 close31-01-2023 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-06-2021 was due by 31-01-2022 and was filed on 16-02-2022, 16 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 · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
16 d late
2020
25 d late
2019
2 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 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, abbreviated schema
Equity
€184,074▼ 32.5%
2020 · €272,601
Total assets
€189,535▼ 45.0%
2020 · €344,476
Net result
€11,473
2020 · -€19,094
Working capital
€184,074▲ 50.1%
2020 · €122,601
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
Line201920202021
Operating result-€77,417--€18,756▲ 75.8%€11,777
Net result-€77,774--€19,094▲ 75.4%€11,473
Equity€291,695-€272,601▼ 6.5%€184,074▼ 32.5%
Total assets€329,859-€344,476▲ 4.4%€189,535▼ 45.0%
Debt€38,164-€71,875▲ 88.3%€5,461▼ 92.4%
Working capital€141,695-€122,601▼ 13.5%€184,074▲ 50.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €11,777 after a loss of €18,756 in 2020, the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Equity and liabilities €189,535
Equity
€184,074 ▼ 32.5%
Debt
€5,461 ▼ 92.4%
Debt's share of the balance-sheet total falls from 20.9% to 2.9%. Equity and debt are lower.
Key figures and ratios
Current ratio
34.71▲
2020 · 2.71
ROE
6.2%▲
2020 · -7.0%
ROA
6.1%▲
2020 · -5.5%
Debt ≤ 1 year
€5,461▼
2020 · €71,875
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Gross operating margin9900 | -€69,351 | -€18,196 | €35,010 | ▲ 292% |
| Operating profit (loss)9901 | -€77,417 | -€18,756 | €11,777 | ▲ 163% |
| Recurring financial income75 | €1 | - | - | - |
| Recurring financial charges65 | €357 | €338 | €304 | ▼ 10.0% |
| Profit (loss) for the period before taxes9903 | -€77,774 | -€19,094 | €11,473 | ▲ 160% |
| Profit (loss) for the period9904 | -€77,774 | -€19,094 | €11,473 | ▲ 160% |
| Profit (loss) for the period to be appropriated9905 | -€77,774 | -€19,094 | €11,473 | ▲ 160% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €329,859 | €344,476 | €189,535 | ▼ 45.0% |
| Fixed assets21/28 | €150,000 | €150,000 | - | - |
| Tangible fixed assets22/27 | €150,000 | €150,000 | - | - |
| Current assets29/58 | €179,859 | €194,476 | €189,535 | ▼ 2.5% |
| Amounts receivable within one year40/41 | €179,701 | €186,688 | €180,128 | ▼ 3.5% |
| Cash at bank and in hand54/58 | €158 | €1,274 | €9,407 | ▲ 639% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €329,859 | €344,476 | €189,535 | ▼ 45.0% |
| Equity10/15 | €291,695 | €272,601 | €184,074 | ▼ 32.5% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €400,700 | €400,700 | €400,700 | = |
| Profit (loss) carried forward14 | -€271,005 | -€290,099 | -€278,626 | ▲ 4.0% |
| Amounts payable17/49 | €38,164 | €71,875 | €5,461 | ▼ 92.4% |
| Amounts payable within one year42/48 | €38,164 | €71,875 | €5,461 | ▼ 92.4% |
| Trade debts44 | €16,285 | €36,784 | €3,711 | ▼ 89.9% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€77,774 | -€19,094 | €11,473 | ▲ 160% |
| Operating cash flow (approximation) | -€77,774 | -€19,094 | €11,473 | ▲ 160% |
| Investment in fixed assets (approximation) | - | €0 | - | - |
| Change in cash | - | €1,115 | €8,134 | ▲ 629% |
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
2023
27-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Brugge · event 17-04-2023
2022
03-06
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Brugge · event 31-05-2022
16-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 16 days late
2021
30-06
Financial
Back to profitnet €11,473
Net result €11,473 after 2 loss-making years.
30-06
Financial
Liquidity times 13current ratio 34.71
Current ratio from 2.71 to 34.71; short-term debt falls from €71,875 to €5,461.
25-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 25 days late
2020
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 2 days late
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
28-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 28 days late
2014
30-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2012
18-10
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2011
08-11
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 8 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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 | SABRINA CLAESSENS TULPENSTRAAT 9, 8370 BLAN-
KENBERGE |
31-05-2022 → 17-04-2023 |