SKY
InactiveSKY was declared bankrupt on 16-05-2023 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed for insufficient assets by judgment of 03-06-2025, published in the Belgian State Gazette on 10-06-2025.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○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 · 5 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline27-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 25-05-2022, 298 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
298 d late
2019
420 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 359 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 2020, abbreviated schema
Turnover
€2.6m
EBIT margin
2.3%
Net result
-€36,425▲ 50.7%
2019 · -€73,896
Working capital
€351,240▼ 9.1%
2019 · €386,299
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
Line201820192020
Turnover€2.6m-
Operating result€59,496--€63,093-€31,571▲ 50.0%
Net result€7,143--€73,896-€36,425▲ 50.7%
EBIT margin2.3%-
Equity€69,971--€3,926-€40,351▼ 928%
Total assets€962,697-€1.1m▲ 18.9%€781,499▼ 31.7%
Debt€864,727-€1.1m▲ 29.5%€793,849▼ 29.1%
Working capital€568,773-€386,299▼ 32.1%€351,240▼ 9.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €31,571 in 2020 against €63,093 in 2019; the loss shrinks.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €781,499
Fixed assets
€80,000 ▼ 1.7%
Current assets
€701,499 ▼ 34.0%
Key figures and ratios
EBITDA
-€30,206▲
2019 · -€60,165
Cash flow
-€35,059▲
2019 · -€70,968
Solvency
-5.2%▼
2019 · -0.3%
Current ratio
2.00▲
2019 · 1.57
Debt to equity
-19.67
ROA
-4.7%▲
2019 · -6.5%
Interest coverage
-15.52
Debt ≤ 1 year
€350,259▼
2019 · €676,598
Income taxes
€2,934▼
2019 · €13,955
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 | €2.6m | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,052 | €2,929 | €1,366 | ▼ 53.4% |
| Other operating charges640/8 | - | - | €352 | - |
| Gross operating margin9900 | €95,586 | €22,911 | -€29,854 | ▼ 230% |
| Operating profit (loss)9901 | €59,496 | -€63,093 | -€31,571 | ▲ 50.0% |
| Financial income75/76B | - | - | €27 | - |
| Recurring financial income75 | €1 | €5,014 | €27 | ▼ 99.5% |
| Financial charges65/66B | - | - | €1,947 | - |
| Recurring financial charges65 | €52,354 | €1,862 | €1,947 | ▲ 4.5% |
| Profit (loss) for the period before taxes9903 | €7,143 | -€59,941 | -€33,491 | ▲ 44.1% |
| Income taxes67/77 | €0 | €13,955 | €2,934 | ▼ 79.0% |
| Profit (loss) for the period9904 | €7,143 | -€73,896 | -€36,425 | ▲ 50.7% |
| Profit (loss) for the period to be appropriated9905 | €7,143 | -€73,896 | -€36,425 | ▲ 50.7% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €962,697 | €1.1m | €781,499 | ▼ 31.7% |
| Fixed assets21/28 | €84,294 | €81,366 | €80,000 | ▼ 1.7% |
| Tangible fixed assets22/27 | €4,294 | €1,366 | - | - |
| Financial fixed assets28 | €80,000 | €80,000 | €80,000 | = |
| Current assets29/58 | €878,403 | €1.1m | €701,499 | ▼ 34.0% |
| Amounts receivable within one year40/41 | €102,197 | €367,053 | - | - |
| Cash at bank and in hand54/58 | €96,450 | €686,724 | €701,499 | ▲ 2.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €962,697 | €1.1m | €781,499 | ▼ 31.7% |
| Equity10/15 | €69,971 | -€3,926 | -€40,351 | ▼ 928% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €43,860 | €43,860 | €43,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | €1,860 | - |
| Distributable reserves133 | - | - | €42,000 | - |
| Profit (loss) carried forward14 | €7,511 | -€66,386 | -€102,811 | ▼ 54.9% |
| Provisions and deferred taxes16 | €28,000 | €28,000 | €28,000 | = |
| Provisions for liabilities and charges160/5 | - | - | €28,000 | - |
| Other liabilities and charges164/5 | - | - | €28,000 | - |
| Amounts payable17/49 | €864,727 | €1.1m | €793,849 | ▼ 29.1% |
| Amounts payable within one year42/48 | €309,630 | €676,598 | €350,259 | ▼ 48.2% |
| Trade debts44 | €172,303 | €11,495 | €258,798 | ▲ 2,151% |
| Suppliers440/4 | - | - | €258,798 | - |
| Taxes, remuneration and social security45 | - | - | €56,766 | - |
| Taxes450/3 | - | - | €56,766 | - |
| Other amounts payable47/48 | - | - | €34,694 | - |
| Accrued charges and deferred income492/3 | - | - | €443,591 | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,143 | -€73,896 | -€36,425 | ▲ 50.7% |
| + Depreciation and write-downs630 | €3,052 | €2,929 | €1,366 | ▼ 53.4% |
| Operating cash flow (approximation) | €10,195 | -€70,968 | -€35,059 | ▲ 50.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | €590,274 | €14,774 | ▼ 97.5% |
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
10-06
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Gent · event 03-06-2025
2023
24-05
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 16-05-2023
2022
25-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 298 days late
2021
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 420 days late
2019
31-12
Financial
Weakest financial yearnet -€73,896
Net result drops to -€73,896, the lowest in the series.
01-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 32 days late
2018
15-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 76 days late
04-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 157 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
3 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 | NICOLAS CLAERHOUT KONING ALBERTSTRAAT 25/1,
9900 EEKLO |
16-05-2023 → 03-06-2025 |
Recognitions · licences · registrations
Legal Entity Identifier
5493008UDHQ1ZOFKIJ06