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S & Y

Inactive
KBO/BCE: BE 0810.761.632

S & Y was declared bankrupt on 26-04-2022 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed for insufficient assets by judgment of 29-11-2022, published in the Belgian State Gazette on 08-12-2022.

Summary

Inactive; last annual accounts for fiscal year 2019.

Signals

Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Belgian State Gazette
neutral · No filing for years
The last filed financial year closed on 30-06-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 9 filings
Position against the passed deadline
30-06-2020 close31-01-2021 deadline29-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2019 was due by 31-01-2020 and was filed on 20-12-2019, 42 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
42 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its 2019 accounts 42 days before 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)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

S & Y has filed 9 sets of annual accounts, the latest for fiscal year 2019.1 The company was declared bankrupt on 26 April 2022; the bankruptcy was closed on 29 November 2022.23

  1. 1National Bank, annual accounts 2019
  2. 2Belgian State Gazette, 02-05-2022
  3. 3Belgian State Gazette, 08-12-2022

Financials · fiscal year 2019, micro schema

Equity
-€401,585
Total assets
€201,866
Net result
-€549,869
Working capital
-€22,149

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €201,866
Fixed assets €4,482
Current assets €197,384
Key figures and ratios
2019 value
EBITDA
-€551,804
Cash flow
-€545,387
Solvency
-198.9%
Current ratio
0.90
ROA
-272.4%
Debt
€219,533
Debt ≤ 1 year
€219,533
Annual accounts
Filed annual accounts As filed with the NBB · 2019 · 22 lines
Balance sheet Code2019
Assets
Total assets20/58€201,866
Fixed assets21/28€4,482
Tangible fixed assets22/27€4,482
Current assets29/58€197,384
Amounts receivable within one year40/41€197,383
Cash at bank and in hand54/58€1
Equity and liabilities
Total equity and liabilities10/49€201,866
Equity10/15-€401,585
Contributions10/11€18,600
Reserves13€1,860
Profit (loss) carried forward14-€422,045
Provisions and deferred taxes16€383,919
Amounts payable17/49€219,533
Amounts payable within one year42/48€219,533
Trade debts44€197,619
Income statement Code2019
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,482
Gross operating margin9900-€165,240
Operating profit (loss)9901-€556,286
Recurring financial charges65€195
Profit (loss) for the period before taxes9903-€549,869
Profit (loss) for the period9904-€549,869
Profit (loss) for the period to be appropriated9905-€549,869
Line2019
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,482
Gross operating margin9900-€165,240
Operating profit (loss)9901-€556,286
Recurring financial charges65€195
Profit (loss) for the period before taxes9903-€549,869
Profit (loss) for the period9904-€549,869
Profit (loss) for the period to be appropriated9905-€549,869
Line2019
Assets
Total assets20/58€201,866
Fixed assets21/28€4,482
Tangible fixed assets22/27€4,482
Current assets29/58€197,384
Amounts receivable within one year40/41€197,383
Cash at bank and in hand54/58€1
Equity and liabilities
Total equity and liabilities10/49€201,866
Equity10/15-€401,585
Contributions10/11€18,600
Reserves13€1,860
Profit (loss) carried forward14-€422,045
Provisions and deferred taxes16€383,919
Amounts payable17/49€219,533
Amounts payable within one year42/48€219,533
Trade debts44€197,619
Line2019
Profit (loss) for the period9904-€549,869
+ Depreciation and write-downs630€4,482
Operating cash flow (approximation)-€545,387

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2022
08-12
Bankruptcy Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Gent · event 29-11-2022
02-05
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 26-04-2022
2019
20-12
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2018
21-12
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
12-01
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2016
09-12
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
05-12
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
16-02
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema · 16 days late
2013
26-09
NBB filing Annual accounts filed
fiscal year 2012 · abbreviated schema · 238 days late
26-09
NBB filing Annual accounts filed
fiscal year 2011 · abbreviated schema · 604 days late
26-09
NBB filing Annual accounts filed
fiscal year 2010 · abbreviated schema · 969 days late
SignalNBB filing
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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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 SARA AELBRECHT
BEERVELDE DORP 70, 9080 LOCHRISTI
26-04-2022 → 29-11-2022