RIN
InactiveRIN was declared bankrupt on 22-12-2023 (Ondernemingsrechtbank Antwerpen, afdeling Mechelen); the bankruptcy was closed for insufficient assets by judgment of 12-01-2026, published in the Belgian State Gazette on 15-01-2026.
Summary
Inactive; last annual accounts for fiscal year 2022.
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 31-12-2023, 3 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 · 3 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 28-08-2023, 28 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
28 d late
2021
2 d early
2020
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 8 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 2022, micro schema
Equity
€16,647▼ 57.4%
2021 · €39,095
Total assets
€62,539▼ 12.7%
2021 · €71,651
Net result
-€22,448
2021 · €18,048
Working capital
€3,059▼ 86.8%
2021 · €23,169
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
Line202020212022
Operating result€16,815-€24,032▲ 42.9%-€21,520
Net result€12,763-€18,048▲ 41.4%-€22,448
Equity€22,203-€39,095▲ 76.1%€16,647▼ 57.4%
Total assets€31,163-€71,651▲ 130%€62,539▼ 12.7%
Debt€8,961-€32,556▲ 263%€45,892▲ 41.0%
Working capital€15,003-€23,169▲ 54.4%€3,059▼ 86.8%
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 2022: a loss of €21,520 after €24,032 in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €62,539
Fixed assets
€13,588 ▼ 14.7%
Current assets
€48,951 ▼ 12.2%
Equity and liabilities €62,539
Equity
€16,647 ▼ 57.4%
Debt
€45,892 ▲ 41.0%
Debt's share of the balance-sheet total rises from 45.4% to 73.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€19,182▼
2021 · €26,999
Cash flow
-€20,110▼
2021 · €21,015
Current ratio
1.07▼
2021 · 1.71
Debt to equity
2.76▲
2021 · 0.83
ROE
-134.8%▼
2021 · 46.2%
ROA
-35.9%▼
2021 · 25.2%
Interest coverage
-20.67▼
2021 · 40.01
Debt ≤ 1 year
€45,892▲
2021 · €32,556
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,800 | €2,967 | €2,339 | ▼ 21.2% |
| Other operating charges640/8 | - | €101 | €237 | ▲ 135% |
| Gross operating margin9900 | €18,756 | €27,100 | -€18,945 | ▼ 170% |
| Operating profit (loss)9901 | €16,815 | €24,032 | -€21,520 | ▼ 190% |
| Financial income75/76B | - | €1 | - | - |
| Recurring financial income75 | €1 | €1 | - | - |
| Financial charges65/66B | - | €675 | €928 | ▲ 37.5% |
| Recurring financial charges65 | €782 | €675 | €928 | ▲ 37.5% |
| Profit (loss) for the period before taxes9903 | €16,033 | €23,358 | -€22,448 | ▼ 196% |
| Income taxes67/77 | €3,271 | €5,310 | - | - |
| Profit (loss) for the period9904 | €12,763 | €18,048 | -€22,448 | ▼ 224% |
| Profit (loss) for the period to be appropriated9905 | €12,763 | €18,048 | -€22,448 | ▼ 224% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €31,163 | €71,651 | €62,539 | ▼ 12.7% |
| Fixed assets21/28 | €7,200 | €15,927 | €13,588 | ▼ 14.7% |
| Tangible fixed assets22/27 | €7,200 | €15,927 | €13,588 | ▼ 14.7% |
| Plant, machinery and equipment23 | - | €6,300 | €6,300 | = |
| Furniture and vehicles24 | - | €9,627 | €7,288 | ▼ 24.3% |
| Current assets29/58 | €23,963 | €55,724 | €48,951 | ▼ 12.2% |
| Amounts receivable within one year40/41 | €6,039 | €7,217 | €8,265 | ▲ 14.5% |
| Trade receivables40 | - | €6,629 | €747 | ▼ 88.7% |
| Other amounts receivable41 | - | €588 | €7,519 | ▲ 1,179% |
| Cash at bank and in hand54/58 | €17,925 | €48,507 | €40,685 | ▼ 16.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €31,163 | €71,651 | €62,539 | ▼ 12.7% |
| Equity10/15 | €22,203 | €39,095 | €16,647 | ▼ 57.4% |
| Contributions10/11 | €9,440 | €9,440 | €9,440 | = |
| Capital10 | - | €9,440 | €9,440 | = |
| Issued capital100 | - | €18,600 | €18,600 | = |
| Uncalled capital101 | - | €9,160 | €9,160 | = |
| Reserves13 | - | €11,555 | €11,555 | = |
| Non-distributable reserves130/1 | - | €1,855 | €1,855 | = |
| Legal reserve130 | - | €1,855 | €1,855 | = |
| Distributable reserves133 | - | €9,700 | €9,700 | = |
| Profit (loss) carried forward14 | €12,763 | €18,100 | -€4,348 | ▼ 124% |
| Amounts payable17/49 | €8,961 | €32,556 | €45,892 | ▲ 41.0% |
| Amounts payable within one year42/48 | €8,961 | €32,556 | €45,892 | ▲ 41.0% |
| Taxes, remuneration and social security45 | - | €25,097 | €42,258 | ▲ 68.4% |
| Taxes450/3 | - | €4,257 | €6,195 | ▲ 45.5% |
| Remuneration and social security454/9 | - | €20,840 | €36,064 | ▲ 73.0% |
| Other amounts payable47/48 | - | €7,458 | €3,633 | ▼ 51.3% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,763 | €18,048 | -€22,448 | ▼ 224% |
| + Depreciation and write-downs630 | €1,800 | €2,967 | €2,339 | ▼ 21.2% |
| Operating cash flow (approximation) | €14,563 | €21,015 | -€20,110 | ▼ 196% |
| Investment in fixed assets (approximation) | - | -€11,694 | €0 | ▲ 100% |
| Change in cash | - | €30,583 | -€7,822 | ▼ 126% |
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
2026
15-01
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 12-01-2026
2023
28-12
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 22-12-2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Weakest financial yearnet -€22,448
Net result drops to -€22,448, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2020net €18,048 ▲41.4%
Operating result €24,032, net result €18,048, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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 | ELKE AERTS SNEEUWBESLAAN 14, 2610 WILRIJK
(ANTWERPEN) |
22-12-2023 → 12-01-2026 |