QUEENGARDEN
Dissolution or liquidationFinancials · financial year 2021, abbreviated format
Annual accounts 2021 filed on 07-03-2022 PDF all 25 filings
Equity
-€1.1m▼ 189%
2020 · -€392,744
Total assets
€15,792▼ 98.2%
2020 · €865,605
Net result
-€7,521▲ 98.6%
2020 · -€529,338
Working capital
€13,429
2020 · -€83,691
Trend over the years
2019 to 2021, 3 financial years 2019 to 2021, 3 financial years
The operating result for 2021 is a loss of €7,162, smaller than the loss of €520,218 in 2020.
Operating result-€0.007m
2021
Net result-€0.008m
2021
Total assets€0.02m
2021
Equity-€1.1m
2021
Debt€1.2m
2021
Working capital€0.01m
2021
Staff (FTE)1.1
2020
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021
Operating result-€0.3m--€0.5m▼ 61.1%-€0.007m▲ 98.6%
Net result-€0.3m--€0.5m▼ 55.4%-€0.008m▲ 98.6%
Equity€0.1m--€0.4m-€1.1m▼ 189%
Total assets€1.6m-€0.9m▼ 45.3%€0.02m▼ 98.2%
Debt€1.4m-€1.3m▼ 13.1%€1.2m▼ 8.5%
Working capital€0.4m--€0.08m€0.01m
Staff (FTE)1.7-1.1▼ 35.3%
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Key figures and ratios
Current ratio
6.68▲
2020 · 0.91
ROA
-47.6%▲
2020 · -61.2%
Debt ≤ 1 year
€2,363▼
2020 · €927,867
Debt > 1 year
€1.1m▲
2020 · €264,347
A ratio outside any meaningful range has been withheld (balance sheet total €15,792, equity -€1.1m).
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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 |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,467 | €26,773 | - | - |
| Gross operating margin9900 | -€184,889 | -€377,688 | -€3,095 | ▲ 99.2% |
| Operating profit (loss)9901 | -€323,009 | -€520,218 | -€7,162 | ▲ 98.6% |
| Recurring financial income75 | €273 | €44 | - | - |
| Recurring financial charges65 | €17,911 | €9,164 | €360 | ▼ 96.1% |
| Profit (loss) for the period before taxes9903 | -€340,647 | -€529,338 | -€7,521 | ▲ 98.6% |
| Profit (loss) for the period9904 | -€340,647 | -€529,338 | -€7,521 | ▲ 98.6% |
| Profit (loss) for the period to be appropriated9905 | -€340,647 | -€529,338 | -€7,521 | ▲ 98.6% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.6m | €0.9m | €0.02m | ▼ 98.2% |
| Fixed assets21/28 | €0.05m | €0.02m | - | - |
| Intangible fixed assets21 | €0.04m | €0.02m | - | - |
| Tangible fixed assets22/27 | €0.005m | - | - | - |
| Current assets29/58 | €1.5m | €0.8m | €0.02m | ▼ 98.1% |
| Stocks and contracts in progress3 | €0.8m | €0.3m | - | - |
| Amounts receivable within one year40/41 | €0.7m | €0.5m | €0.01m | ▼ 97.0% |
| Cash at bank and in hand54/58 | €0.06m | €0.03m | €0.002m | ▼ 95.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.6m | €0.9m | €0.02m | ▼ 98.2% |
| Equity10/15 | €0.1m | -€0.4m | -€1.1m | ▼ 189% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.01m | €0.01m | €0.01m | = |
| Profit (loss) carried forward14 | -€0.03m | -€0.6m | -€1.3m | ▼ 133% |
| Amounts payable17/49 | €1.4m | €1.3m | €1.2m | ▼ 8.5% |
| Amounts payable after more than one year17 | €0.2m | €0.3m | €1.1m | ▲ 326% |
| Amounts payable within one year42/48 | €1.1m | €0.9m | €0.002m | ▼ 99.7% |
| Trade debts44 | €0.1m | €0.03m | - | - |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€340,647 | -€529,338 | -€7,521 | ▲ 98.6% |
| + Depreciation and write-downs630 | €31,467 | €26,773 | - | - |
| Operating cash flow (approximation) | -€309,180 | -€502,565 | -€7,521 | ▲ 98.5% |
| Investment in fixed assets (approximation) | - | €0 | - | - |
| Change in cash | - | -€25,424 | -€30,680 | ▼ 20.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-08-2021 | abbreviated format | 07-03-2022 | 2022-07100562 | |
| 31-08-2020 | abbreviated format | 31-03-2021 | 2021-09600071 | |
| 31-08-2019 | abbreviated format | 27-04-2020 | 2020-10000375 | |
| 31-08-2018 | abbreviated format | 18-03-2019 | 2019-07200496 | |
| 31-08-2017 | abbreviated format | 30-05-2018 | 2018-14700500 | |
| 31-08-2016 | abbreviated format | 01-03-2017 | 2017-05600179 | |
| 31-08-2015 | abbreviated format | 01-03-2016 | 2016-05500348 | |
| 31-08-2014 | abbreviated format | 25-02-2015 | 2015-05400592 | |
| 31-08-2013 | abbreviated format | 30-01-2014 | 2014-02700490 | |
| 31-08-2012 | abbreviated format | 29-03-2013 | 2013-08100057 |