SECOND YOUTH
InactiveSECOND YOUTH was declared bankrupt on 07-07-2023 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 19-03-2024, published in the Belgian State Gazette on 25-03-2024.
No longer registered with the KBO; last annual accounts for fiscal year 2022.
Signals
Four 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 · 6 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline23-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 02-07-2023, 29 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
29 d early
2021
30 d late
2020
22 d early
2019
17 d early
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Equity
€-629k▼ 321%
2021 · €-149k
2018: €318k
2019: €88k
2020: €-105k
2021: €-149k
2018 → 2022
Total assets
€158k▼ 63.3%
2021 · €431k
2018: €539k
2019: €348k
2020: €77k
2021: €431k
2018 → 2022
Net result
€-480k▼ 175%
2021 · €-175k
2018: €-135k
2019: €-229k
2020: €-194k
2021: €-175k
2018 → 2022
Working capital
€-617k▼ 575%
2021 · €-91k
2018: €428k
2019: €171k
2020: €-99k
2021: €-91k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€318k-€88k▼ 72.2%€-105k€-149k▼ 41.9%€-629k▼ 321%
Operating result€-128k-€-220k▼ 72.2%€-186k▲ 15.5%€-167k▲ 10.1%€-458k▼ 174%
Net result€-135k-€-229k▼ 70.3%€-194k▲ 15.6%€-175k▲ 9.8%€-480k▼ 175%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €458k in 2022 against €167k in 2021; the loss grows and 2022 has the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €158k
Fixed assets
€145k▼ 2.9%
Current assets
€13k▼ 95.5%
Key figures and ratios
EBITDA
€-398k▼
2021 · €-160k
Cash flow
€-420k▼
2021 · €-167k
Solvency
-398.2%▼
2021 · -34.7%
Current ratio
0.02▼
2021 · 0.75
Quick ratio
0.02▼
2021 · 0.75
Debt / equity
-1.25▲
2021 · -3.88
ROA
-303.6%▼
2021 · -40.5%
Interest coverage
-18.26▲
2021 · -20.83
Debt
€787k▲
2021 · €580k
Debt ≤ 1 year
€630k▲
2021 · €372k
Debt > 1 year
€157k▼
2021 · €208k
Staff costs
€345k▲
2021 · €149k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€431k€158k▼
Fixed assets21/28€150k€145k▼
Intangible fixed assets21€118k€88k▼
Tangible fixed assets22/27€28k€24k▼
Furniture and vehicles24€28k€24k▼
Other tangible fixed assets26€0€0=
Financial fixed assets28€4k€34k▲
Current assets29/58€281k€13k▼
Amounts receivable within one year40/41€225k€6k▼
Trade receivables40€50k€4k▼
Other amounts receivable41€175k€1k▼
Cash at bank and in hand54/58€54k€3k▼
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€431k€158k▼
Equity10/15€-149k€-629k▼
Contributions10/11€715k€715k=
Capital10€715k€715k=
Issued capital100€715k€715k=
Profit (loss) carried forward14€-864k€-1.34M▼
Amounts payable17/49€580k€787k▲
Amounts payable after more than one year17€208k€157k▼
Financial debts170/4€208k€157k▼
Amounts payable within one year42/48€372k€630k▲
Current portion of amounts payable after more than one year42€9k€83k▲
Trade debts44€351k€484k▲
Suppliers440/4€351k€484k▲
Taxes, remuneration and social security45€13k€21k▲
Taxes450/3€326€13k▲
Remuneration and social security454/9€13k€8k▼
Other amounts payable47/48€0€42k▲
Income statement
Code20212022
Remuneration, social security and pensions62€149k€345k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€59k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€-10k€-52k▼
Operating profit (loss)9901€-167k€-458k▼
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€8k€22k▲
Recurring financial charges65€8k€22k▲
Profit (loss) for the period before taxes9903€-175k€-480k▼
Profit (loss) for the period9904€-175k€-480k▼
Profit (loss) for the period to be appropriated9905€-175k€-480k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-864k€-1.34M▼
Profit (loss) brought forward from the previous period14P€-690k€-864k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
25-03
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · SECOND YOUTH SA CHAUSSEE DE WATERLOO 1611, 1180 UCCLE. déclarée le 7 juillet 2023 · event 19-03-2024
2023
12-07
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SECOND YOUTH SA CHAUSSEE DE WATERLOO 1611, 1180 UCCLE · event 07-07-2023
02-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-480k
Net result drops to €-480k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | FREDERIK DE VULDER 59 B, AVENUE REINE ASTRID
(BTE 3), 1780 WEMMEL |
07-07-2023 → present |