PLAY RANCH
InactivePLAY RANCH was declared bankrupt on 16-05-2022 (Tribunal de l’entreprise du Brabant wallon); the bankruptcy was closed for insufficient assets by judgment of 29-01-2024, published in the Belgian State Gazette on 27-02-2024.
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 31-03-2022, 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 · 6 filingsPosition against the passed deadline
31-03-2022 close31-10-2022 deadline25-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-03-2021 was due by 31-10-2021 and was filed on 08-03-2022, 128 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 · 6 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
128 d late
2020
116 d late
2019
25 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€-44k
2020 · €22k
2019: €21k
2020: €22k
2019 → 2021
Total assets
€78k▼ 44.5%
2020 · €141k
2019: €137k
2020: €141k
2019 → 2021
Net result
€-66k
2020 · €1k
2019: €314
2020: €1k
2019 → 2021
Working capital
€-40k
2020 · €31k
2019: €49k
2020: €31k
2019 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202021Trend
Equity€21k-€22k▲ 5.4%€-44k
Operating result€5k-€4k▼ 15.6%€-64k
Net result€314-€1k▲ 263%€-66k
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 2021: a loss of €64k after €4k in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €78k
Fixed assets
€10k ▼ 35.1%
Current assets
€68k ▼ 45.6%
Key figures and ratios
EBITDA
€-58k▼
2020 · €12k
Cash flow
€-61k▼
2020 · €9k
Solvency
-56.5%▼
2020 · 15.7%
Current ratio
0.63▼
2020 · 1.32
Debt to equity
-0.33▼
2020 · 1.09
ROA
-84.8%▼
2020 · 0.8%
Debt
€122k▲
2020 · €119k
Debt ≤ 1 year
€108k▲
2020 · €94k
Debt > 1 year
€15k▼
2020 · €24k
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 · 25 lines
Balance sheet
Code20202021
Assets
Total assets20/58€141k€78k▼
Fixed assets21/28€16k€10k▼
Tangible fixed assets22/27€15k€10k▼
Financial fixed assets28€155€155=
Current assets29/58€125k€68k▼
Stocks and contracts in progress3€7k-
Amounts receivable within one year40/41€115k€67k▼
Cash at bank and in hand54/58€935€11▼
Equity and liabilities
Total equity and liabilities10/49€141k€78k▼
Equity10/15€22k€-44k▼
Reserves13€103€103=
Profit (loss) carried forward14€3k€-63k▼
Amounts payable17/49€119k€122k▲
Amounts payable after more than one year17€24k€15k▼
Amounts payable within one year42/48€94k€108k▲
Trade debts44€35k€37k▲
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€5k▼
Gross operating margin9900€50k€-6k▼
Operating profit (loss)9901€4k€-64k▼
Recurring financial income75€3€297▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€2k€-66k▼
Income taxes67/77€978-
Profit (loss) for the period9904€1k€-66k▼
Profit (loss) for the period to be appropriated9905€1k€-66k▼
Timeline · acts, filings and financial milestones
2024
27-02
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise du Brabant wallon · event 29-01-2024
2022
30-05
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · event 16-05-2022
08-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 128 days late
2021
31-03
Financial
Weakest financial yearnet €-66k
Net result drops to €-66k, the lowest in the series.
24-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 116 days late
2020
31-03
Financial
Highest result since 2019net €1k ▲263%
Net result €1k, the highest in the series.
2019
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
23-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 84 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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 | OLIVIA SEBAYOBE CHAUSSEE DE TERVUREN 198 F
/ 3, 1410 WATERLOO |
16-05-2022 → 29-01-2024 |