PT-CT
InactivePT-CT was declared bankrupt on 28-03-2023 (Tribunal de l’entreprise du Hainaut, division Tournai); the bankruptcy was closed for insufficient assets by judgment of 17-10-2023, published in the Belgian State Gazette on 29-04-2024.
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 31-12-2022, 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 · 4 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline26-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 29-11-2022, 121 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
121 d late
2020
396 d late
2019
122 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2021, micro schema
Equity
€38k▼ 34.6%
2020 · €58k
Total assets
€432k▲ 112%
2020 · €204k
Net result
€-20k
2020 · €21k
Working capital
€-258k▼ 258%
2020 · €-72k
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€-2k-€30k€27k▼ 8.9%€-17k
Net result€-2k-€20k€21k▲ 3.8%€-20k
Equity€17k-€37k▲ 121%€58k▲ 56.8%€38k▼ 34.6%
Total assets€31k-€233k▲ 658%€204k▼ 12.6%€432k▲ 112%
Debt€14k-€196k▲ 1,300%€146k▼ 25.6%€394k▲ 170%
Working capital€3k-€-54k€-72k▼ 33.1%€-258k▼ 258%
Staff (FTE)108.5▼ 15.0%5▼ 41.2%
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 2021: a loss of €17k after €27k in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €432k
Fixed assets
€394k ▲ 110%
Current assets
€38k ▲ 136%
Equity and liabilities €432k
Equity
€38k ▼ 34.6%
Debt
€394k ▲ 170%
Debt's share of the balance-sheet total rises from 71.6% to 91.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€25k▼
2020 · €56k
Cash flow
€22k▼
2020 · €50k
Current ratio
0.13▼
2020 · 0.18
Quick ratio
0.12▼
2020 · 0.15
Debt to equity
10.43▲
2020 · 2.53
ROE
-52.9%▼
2020 · 36.2%
ROA
-4.6%▼
2020 · 10.3%
Interest coverage
8.14▲
2020 · 7.70
Debt ≤ 1 year
€296k▲
2020 · €88k
Debt > 1 year
€99k▲
2020 · €58k
Income taxes
€0▼
2020 · €392
Staff costs
€51k▼
2020 · €169k
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 | - | - | €169k | €51k | ▼ 69.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | €27k | €29k | €42k | ▲ 44.9% |
| Other operating charges640/8 | - | - | €5k | €320 | ▼ 93.7% |
| Gross operating margin9900 | €-2k | €323k | €230k | €76k | ▼ 67.0% |
| Operating profit (loss)9901 | €-2k | €30k | €27k | €-17k | ▼ 162% |
| Financial income75/76B | - | - | €1k | €7 | ▼ 99.4% |
| Recurring financial income75 | €0 | - | €1k | €7 | ▼ 99.4% |
| Financial charges65/66B | - | - | €7k | €3k | ▼ 58.5% |
| Recurring financial charges65 | €0 | €5k | €7k | €3k | ▼ 58.5% |
| Profit (loss) for the period before taxes9903 | €-2k | €25k | €21k | €-20k | ▼ 194% |
| Income taxes67/77 | €0 | €5k | €392 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €-2k | €20k | €21k | €-20k | ▼ 196% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €20k | €21k | €-20k | ▼ 196% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €31k | €233k | €204k | €432k | ▲ 112% |
| Formation expenses20 | €0 | - | - | - | - |
| Fixed assets21/28 | €13k | €199k | €188k | €394k | ▲ 110% |
| Intangible fixed assets21 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €13k | €198k | €187k | €394k | ▲ 110% |
| Plant, machinery and equipment23 | - | - | €33k | €26k | ▼ 20.6% |
| Other tangible fixed assets26 | - | - | €154k | €368k | ▲ 138% |
| Financial fixed assets28 | €0 | €363 | €363 | €363 | = |
| Current assets29/58 | €17k | €34k | €16k | €38k | ▲ 136% |
| Stocks and contracts in progress3 | €0 | €3k | €3k | €1k | ▼ 50.8% |
| Stocks30/36 | - | - | €3k | €1k | ▼ 50.8% |
| Amounts receivable within one year40/41 | €17k | €20k | €10k | €31k | ▲ 224% |
| Trade receivables40 | - | - | €4k | €24k | ▲ 497% |
| Other amounts receivable41 | - | - | €6k | €7k | ▲ 28.2% |
| Current investments50/53 | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €50 | €12k | €4k | €5k | ▲ 48.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €31k | €233k | €204k | €432k | ▲ 112% |
| Equity10/15 | €17k | €37k | €58k | €38k | ▼ 34.6% |
| Contributions10/11 | €19k | €19k | €19k | €19k | = |
| Reserves13 | €0 | - | - | - | - |
| Profit (loss) carried forward14 | €-2k | €18k | €39k | €19k | ▼ 51.0% |
| Provisions and deferred taxes16 | €0 | - | - | - | - |
| Amounts payable17/49 | €14k | €196k | €146k | €394k | ▲ 170% |
| Amounts payable after more than one year17 | €0 | €108k | €58k | €99k | ▲ 70.4% |
| Other amounts payable178/9 | - | - | €58k | €99k | ▲ 70.4% |
| Amounts payable within one year42/48 | €14k | €88k | €88k | €296k | ▲ 236% |
| Trade debts44 | €14k | €62k | €62k | €273k | ▲ 339% |
| Suppliers440/4 | - | - | €62k | €273k | ▲ 339% |
| Taxes, remuneration and social security45 | - | - | €26k | €22k | ▼ 13.7% |
| Taxes450/3 | - | - | €5k | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | - | €21k | €22k | ▲ 7.0% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €20k | €21k | €-20k | ▼ 196% |
| + Depreciation and write-downs630 | €0 | €27k | €29k | €42k | ▲ 44.9% |
| Operating cash flow (approximation) | €-2k | €48k | €50k | €22k | ▼ 56.5% |
| Investment in fixed assets (approximation) | - | €-213k | €-18k | €-248k | ▼ 1,305% |
| Change in cash | - | €12k | €-8k | €2k | ▲ 121% |
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
29-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise du Hainaut, division Tournai · event 17-10-2023
2023
05-04
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Tournai · event 28-03-2023
2022
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 121 days late
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 396 days late
2021
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series.
2020
31-12
Financial
Highest result since 2018net €21k ▲3.8%
Net result €21k, the highest in the series.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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 | GAUTHIER LEFEBVRE RUE DE LA TERRE A
BRIQUES 29, 7522 03 MARQUAIN- .
Date provisoire de cessation de paiement : 28/03/2023 |
28-03-2023 → 17-10-2023 |