SALES@FRED
InactiveSignals
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 31-12-2022, 4 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 · 7 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline01-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 13-05-2022, 79 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2021
79 d early
2020
90 d late
2019
151 d late
2018
on the day
2017
31 d late
2016
31 d late
2015
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 36 days after the deadline; the Belgian median for financial year 2021 is 3 days before the deadline, and 44% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, micro schema
Equity
-€9,093▲ 48.2%
2020 · -€17,547
Total assets
€14,557▼ 51.8%
2020 · €30,177
Net result
-€146
2020 · €11,830
Working capital
-€9,093▲ 49.7%
2020 · -€18,091
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
Line2018201920202021
Operating result-€7,434--€2,203▲ 70.4%€11,903-€28
Net result-€7,490--€2,366▲ 68.4%€11,830-€146
Equity-€27,011--€29,377▼ 8.8%-€17,547▲ 40.3%-€9,093▲ 48.2%
Total assets€9,524-€8,331▼ 12.5%€30,177▲ 262%€14,557▼ 51.8%
Debt€36,535-€37,708▲ 3.2%€47,724▲ 26.6%€23,651▼ 50.4%
Working capital-€29,042--€30,665▼ 5.6%-€18,091▲ 41.0%-€9,093▲ 49.7%
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 2021: a loss of €28 after €11,903 in 2020.
Key figures and ratios
EBITDA
€516▼
2020 · €12,646
Cash flow
€398▼
2020 · €12,574
Solvency
-62.5%▼
2020 · -58.1%
Current ratio
0.62▼
2020 · 0.62
ROA
-1.0%▼
2020 · 39.2%
Interest coverage
4.36
Debt ≤ 1 year
€23,651▼
2020 · €47,724
No debt to equity: equity is negative, so debt divided by equity means nothing.
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 | €744 | €744 | €744 | €544 | ▼ 26.9% |
| Other operating charges640/8 | - | - | - | €348 | - |
| Gross operating margin9900 | -€6,281 | -€950 | €13,056 | €863 | ▼ 93.4% |
| Operating profit (loss)9901 | -€7,434 | -€2,203 | €11,903 | -€28 | ▼ 100% |
| Recurring financial income75 | €9 | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €118 | - |
| Recurring financial charges65 | €65 | €163 | €73 | €118 | ▲ 63.2% |
| Profit (loss) for the period before taxes9903 | -€7,490 | -€2,366 | €11,830 | -€146 | ▼ 101% |
| Profit (loss) for the period9904 | -€7,490 | -€2,366 | €11,830 | -€146 | ▼ 101% |
| Profit (loss) for the period to be appropriated9905 | -€7,490 | -€2,366 | €11,830 | -€146 | ▼ 101% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €9,524 | €8,331 | €30,177 | €14,557 | ▼ 51.8% |
| Fixed assets21/28 | €2,031 | €1,287 | €544 | - | - |
| Intangible fixed assets21 | €1,631 | €1,087 | €544 | - | - |
| Tangible fixed assets22/27 | €400 | €200 | - | - | - |
| Current assets29/58 | €7,493 | €7,044 | €29,634 | €14,557 | ▼ 50.9% |
| Amounts receivable within one year40/41 | €3,188 | €4,451 | €23,553 | €396 | ▼ 98.3% |
| Trade receivables40 | - | - | - | €396 | - |
| Cash at bank and in hand54/58 | €4,305 | €2,593 | €6,081 | €14,161 | ▲ 133% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €9,524 | €8,331 | €30,177 | €14,557 | ▼ 51.8% |
| Equity10/15 | -€27,011 | -€29,377 | -€17,547 | -€9,093 | ▲ 48.2% |
| Contributions10/11 | €10,000 | €10,000 | - | €18,600 | - |
| Profit (loss) carried forward14 | -€37,011 | -€39,377 | -€27,547 | -€27,693 | ▼ 0.5% |
| Amounts payable17/49 | €36,535 | €37,708 | €47,724 | €23,651 | ▼ 50.4% |
| Amounts payable within one year42/48 | €36,535 | €37,708 | €47,724 | €23,651 | ▼ 50.4% |
| Trade debts44 | €15,147 | €8,151 | €15,416 | €5,206 | ▼ 66.2% |
| Suppliers440/4 | - | - | - | €5,206 | - |
| Taxes, remuneration and social security45 | - | - | - | €6,777 | - |
| Taxes450/3 | - | - | - | €6,777 | - |
| Other amounts payable47/48 | - | - | - | €11,668 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,490 | -€2,366 | €11,830 | -€146 | ▼ 101% |
| + Depreciation and write-downs630 | €744 | €744 | €744 | €544 | ▼ 26.9% |
| Operating cash flow (approximation) | -€6,746 | -€1,623 | €12,574 | €398 | ▼ 96.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - |
| Change in cash | - | -€1,713 | €3,488 | €8,080 | ▲ 132% |
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
2025
20-10
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 14-10-2025
2022
30-05
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 19-05-2022
13-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial
Back to profitnet €11,830
Net result €11,830 after 2 loss-making years.
29-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 151 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | RONNY MAES Prins Bisschopsingel 11, 3500 Hasselt |
19-05-2022 → 14-10-2025 |
| Curator | KRISTOF KROL Prins Bisschopssingel 11, 3500 Hasselt |
19-05-2022 → 14-10-2025 |