S3 LOGISTICS
InactiveS3 LOGISTICS was declared bankrupt on 15-02-2022 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 02-05-2023, published in the Belgian State Gazette on 11-05-2023.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 7 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline30-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 15-04-2021, 107 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
107 d early
2019
19 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 63 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)
History
Financials · fiscal year 2020, micro schema
Turnover
€288,734
EBIT margin
13.9%
Net result
€30,523▲ 6,827%
2019 · €441
Working capital
€18,206▲ 23.2%
2019 · €14,779
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Turnover€288,734
Operating result-€325--€900▼ 177%€40,195
Net result€246-€441▲ 79.1%€30,523▲ 6,827%
EBIT margin13.9%
Equity€14,339-€14,779▲ 3.1%€45,302▲ 207%
Total assets€14,442-€16,772▲ 16.1%€79,482▲ 374%
Debt€103-€1,993▲ 1,828%€34,180▲ 1,615%
Working capital€14,339-€14,779▲ 3.1%€18,206▲ 23.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2020: €40,195 after a loss of €900 in 2019, the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €79,482
Fixed assets
€27,097
Current assets
€52,386
Equity and liabilities €79,482
Equity
€45,302 ▲ 207%
Debt
€34,180 ▲ 1,615%
Debt's share of the balance-sheet total rises from 11.9% to 43.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€41,957
Cash flow
€32,285
Current ratio
1.53▼
2019 · 8.42
Quick ratio
1.37▼
2019 · 8.42
ROE
67.4%▲
2019 · 3.0%
ROA
38.4%▲
2019 · 2.6%
Debt ≤ 1 year
€34,180▲
2019 · €1,993
Income taxes
€10,353▲
2019 · -€103
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Turnover70 | - | - | €288,734 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €1,762 | - |
| Gross operating margin9900 | -€263 | - | €48,423 | - |
| Operating profit (loss)9901 | -€325 | -€900 | €40,195 | ▲ 4,566% |
| Recurring financial income75 | €675 | €1,249 | €1,013 | ▼ 18.9% |
| Recurring financial charges65 | - | €12 | €332 | ▲ 2,770% |
| Profit (loss) for the period before taxes9903 | €349 | €337 | €40,876 | ▲ 12,020% |
| Income taxes67/77 | €103 | -€103 | €10,353 | ▲ 10,117% |
| Profit (loss) for the period9904 | €246 | €441 | €30,523 | ▲ 6,827% |
| Profit (loss) for the period to be appropriated9905 | €246 | €441 | €30,523 | ▲ 6,827% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €14,442 | €16,772 | €79,482 | ▲ 374% |
| Fixed assets21/28 | - | - | €27,097 | - |
| Tangible fixed assets22/27 | - | - | €27,097 | - |
| Current assets29/58 | €14,442 | €16,772 | €52,386 | ▲ 212% |
| Stocks and contracts in progress3 | - | - | €5,500 | - |
| Amounts receivable within one year40/41 | €8,242 | €16,572 | €44,840 | ▲ 171% |
| Cash at bank and in hand54/58 | €6,200 | €200 | €2,046 | ▲ 923% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €14,442 | €16,772 | €79,482 | ▲ 374% |
| Equity10/15 | €14,339 | €14,779 | €45,302 | ▲ 207% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€6,121 | -€5,681 | €24,842 | ▲ 537% |
| Amounts payable17/49 | €103 | €1,993 | €34,180 | ▲ 1,615% |
| Amounts payable within one year42/48 | €103 | €1,993 | €34,180 | ▲ 1,615% |
| Trade debts44 | - | - | €23,827 | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €246 | €441 | €30,523 | ▲ 6,827% |
| + Depreciation and write-downs630 | - | - | €1,762 | - |
| Operating cash flow (approximation) | €246 | €441 | €32,285 | ▲ 7,227% |
| Change in cash | - | -€6,000 | €1,846 | ▲ 131% |
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
2023
11-05
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · event 02-05-2023
2022
21-02
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 15-02-2022
2021
15-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €30,523 ▲6,827%
Operating result €40,195, net result €30,523, both a record.
12-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 322 days late
2018
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 60 days late
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 92 days late
2016
24-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
31-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | JOAN DUBAERE KEIZER KARELLAAN 586 BUS 9,
1082 SINT-AGATHA-BERCHEM |
15-02-2022 → 02-05-2023 |
| Curator | STEFAAN
AERTS KEIZER KARELLAAN 586 BUS 9, 1082 SINT-AGATHA-
BERCHEM |
15-02-2022 → 02-05-2023 |