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Dissolution or liquidationFinancials · financial year 2021, micro format
2021 annual accounts filed late (31 days) Filed on 31 August 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20373605.
Equity
-€64,451▼ 18.7%
2020 · -€54,289
Total assets
€1,187▼ 54.4%
2020 · €2,603
Net result
-€8,362▼ 98.2%
2020 · -€4,220
Working capital
-€14,377▼ 181%
2020 · -€5,121
Trend over the years
2018 to 2021, 4 financial years 2018 to 2021, 4 financial years
The operating result stays negative: a loss of €6,281 in 2021 against €2,158 in 2020; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€6,281
2021
Net result-€8,362
2021
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1,187
2021
Equity-€64,451
2021
Debt€65,638
2021
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€14,377
2021
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result-€24,869--€7,112▲ 71.4%-€2,158▲ 69.7%-€6,281▼ 191%
Net result-€27,165--€9,731▲ 64.2%-€4,220▲ 56.6%-€8,362▼ 98.2%
Equity-€51,438--€53,569▼ 4.1%-€54,289▼ 1.3%-€64,451▼ 18.7%
Total assets€3,517-€5,006▲ 42.3%€2,603▼ 48.0%€1,187▼ 54.4%
Debt€54,955-€58,575▲ 6.6%€56,892▼ 2.9%€65,638▲ 15.4%
Working capital-€2,869--€4,960▼ 72.9%-€5,121▼ 3.2%-€14,377▼ 181%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €1,155
Fixed assets
€241 ▼ 41.8%
Current assets
€914 ▼ 48.4%
Equity and liabilities
Equity-€64,451
Debt€65,638
Equity is negative: debt (€65,638) exceeds the balance-sheet total (€1,187).
Key figures and ratios
EBITDA
-€5,722▼
2020 · -€1,599
Cash flow
-€7,803▼
2020 · -€3,661
Interest coverage
-2.71
Debt ≤ 1 year
€15,291▲
2020 · €6,892
Debt > 1 year
€50,000=
2020 · €50,000
Ratios withheld: a balance sheet total of €1,187 is too small for a meaningful ratio.
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 |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €386 | €559 | €559 | €559 | = |
| Other operating charges640/8 | - | - | - | €366 | - |
| Gross operating margin9900 | -€24,035 | -€6,070 | -€1,178 | -€5,356 | ▼ 355% |
| Operating profit (loss)9901 | -€24,869 | -€7,112 | -€2,158 | -€6,281 | ▼ 191% |
| Financial income75/76B | - | - | - | €30 | - |
| Recurring financial income75 | €0 | €1 | - | €30 | - |
| Financial charges65/66B | - | - | - | €2,111 | - |
| Recurring financial charges65 | €2,297 | €2,620 | €2,062 | €2,111 | ▲ 2.3% |
| Profit (loss) for the period before taxes9903 | -€27,165 | -€9,731 | -€4,220 | -€8,362 | ▼ 98.2% |
| Profit (loss) for the period9904 | -€27,165 | -€9,731 | -€4,220 | -€8,362 | ▼ 98.2% |
| Profit (loss) for the period to be appropriated9905 | -€27,165 | -€9,731 | -€4,220 | -€8,362 | ▼ 98.2% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €3,517 | €5,006 | €2,603 | €1,187 | ▼ 54.4% |
| Formation expenses20 | €1,189 | €804 | €418 | €32 | ▼ 92.3% |
| Fixed assets21/28 | €241 | €587 | €414 | €241 | ▼ 41.8% |
| Tangible fixed assets22/27 | - | €346 | €173 | - | - |
| Financial fixed assets28 | €241 | €241 | €241 | €241 | = |
| Current assets29/58 | €2,086 | €3,615 | €1,770 | €914 | ▼ 48.4% |
| Amounts receivable within one year40/41 | €235 | €1,283 | €147 | €379 | ▲ 158% |
| Trade receivables40 | - | - | - | €45 | - |
| Other amounts receivable41 | - | - | - | €334 | - |
| Cash at bank and in hand54/58 | €1,706 | €2,165 | €1,623 | €535 | ▼ 67.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €3,517 | €5,006 | €2,603 | €1,187 | ▼ 54.4% |
| Equity10/15 | -€51,438 | -€53,569 | -€54,289 | -€64,451 | ▼ 18.7% |
| Contributions10/11 | €6,200 | €13,800 | - | €15,500 | - |
| Profit (loss) carried forward14 | -€57,638 | -€67,369 | -€71,589 | -€79,951 | ▼ 11.7% |
| Amounts payable17/49 | €54,955 | €58,575 | €56,892 | €65,638 | ▲ 15.4% |
| Amounts payable after more than one year17 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Financial debts170/4 | - | - | - | €50,000 | - |
| Amounts payable within one year42/48 | €4,955 | €8,575 | €6,892 | €15,291 | ▲ 122% |
| Financial debts43 | - | - | - | €4,033 | - |
| Credit institutions430/8 | - | - | - | €4,033 | - |
| Trade debts44 | €3,213 | €1,997 | €668 | €2,584 | ▲ 287% |
| Suppliers440/4 | - | - | - | €2,584 | - |
| Other amounts payable47/48 | - | - | - | €8,673 | - |
| Accrued charges and deferred income492/3 | - | - | - | €348 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€27,165 | -€9,731 | -€4,220 | -€8,362 | ▼ 98.2% |
| + Depreciation and write-downs630 | €386 | €559 | €559 | €559 | = |
| Operating cash flow (approximation) | -€26,779 | -€9,172 | -€3,661 | -€7,803 | ▼ 113% |
| Investment in fixed assets (approximation) | - | -€905 | -€386 | -€386 | = |
| Change in cash | - | €459 | -€542 | -€1,088 | ▼ 101% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2021 | micro format | 31-08-2022 | 2022-20373605 |
| 31-12-2020 | micro format | 29-07-2021 | 2021-42900290 |
| 31-12-2019 | micro format | 07-08-2020 | 2020-39800185 |
| 31-12-2018 | micro format | 26-07-2019 | 2019-41800399 |
| 31-12-2017 | micro format | 30-07-2018 | 2018-40700268 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.