SKY WORDS
Bankruptcy closedSKY WORDS was declared bankrupt on 05-01-2023 (Ondernemingsrechtbank Leuven); the bankruptcy was closed for insufficient assets by judgment of 26-09-2024, published in the Belgian State Gazette on 08-10-2024.
No longer registered with the KBO since 04-06-2026; last annual accounts for fiscal year 2021.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 13-09-2022, 44 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
44 d late
2020
48 d late
2019
88 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Turnover
€21k▲ 77.6%
2020 · €12k
2020: €12k
2020 → 2021
EBIT margin
-83.8%▼ 30.0pp
2020 · -53.8%
2020: -53.8%
2020 → 2021
Net result
€-18k▼ 156%
2020 · €-7k
2018: €49k
2019: €-4k
2020: €-7k
2018 → 2021
Working capital
€-21k▼ 7,045%
2020 · €-298
2018: €17k
2019: €13k
2020: €-298
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€12k€21k▲ 77.6%
Equity€17k-€13k▼ 26.0%€5k▼ 57.0%€-13k
Operating result€49k-€-4k€-7k▼ 51.1%€-18k▼ 177%
Net result€49k-€-4k€-7k▼ 61.8%€-18k▼ 156%
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 €18k in 2021 against €7k in 2020; the loss grows and 2021 has the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €13k
Fixed assets
€7k▼ 13.2%
Current assets
€6k▼ 52.9%
Key figures and ratios
EBITDA
€-16k▼
2020 · €-6k
Cash flow
€-17k▼
2020 · €-6k
Solvency
-87.9%▼
2020 · 23.5%
Current ratio
0.22▼
2020 · 0.98
Quick ratio
0.22▼
2020 · 0.98
Debt / equity
-2.14▼
2020 · 0.81
ROA
-124.8%▼
2020 · -31.1%
Interest coverage
-36.52
Debt
€28k▲
2020 · €18k
Debt ≤ 1 year
€27k▲
2020 · €13k
Debt > 1 year
€344▼
2020 · €4k
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€23k€15k▼
Formation expenses20€2k€2k▼
Fixed assets21/28€8k€7k▼
Tangible fixed assets22/27€4k€3k▼
Furniture and vehicles24-€2k
Other tangible fixed assets26-€758
Financial fixed assets28€4k€4k=
Current assets29/58€13k€6k▼
Amounts receivable within one year40/41€13k€5k▼
Trade receivables40-€824
Other amounts receivable41-€4k
Cash at bank and in hand54/58€109€1k▲
Equity and liabilities
Total equity and liabilities10/49€23k€15k▼
Equity10/15€5k€-13k▼
Contributions10/11-€19k
Profit (loss) carried forward14€-13k€-32k▼
Amounts payable17/49€18k€28k▲
Amounts payable after more than one year17€4k€344▼
Financial debts170/4-€344
Amounts payable within one year42/48€13k€27k▲
Current portion of amounts payable after more than one year42-€6k
Financial debts43-€6k
Credit institutions430/8-€6k
Trade debts44€884€2k▲
Suppliers440/4-€2k
Taxes, remuneration and social security45-€651
Taxes450/3-€651
Other amounts payable47/48-€13k
Income statement
Code20202021
Turnover70€12k€21k▲
Non-recurring operating income76A-€361
Goods, raw materials, services and sundry goods60/61-€38k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€767€2k▲
Other operating charges640/8-€347
Non-recurring operating charges66A-€10
Gross operating margin9900€-4k€-16k▼
Operating profit (loss)9901€-7k€-18k▼
Financial charges65/66B-€451
Recurring financial charges65€717€451▼
Profit (loss) for the period before taxes9903€-7k€-18k▼
Profit (loss) for the period9904€-7k€-18k▼
Profit (loss) for the period to be appropriated9905€-7k€-18k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-32k
Profit (loss) brought forward from the previous period14P-€-13k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
08-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Leuven · SKY WORDS BV HOORNZEELSTRAAT 21, 3080 TERVUREN · event 26-09-2024
2023
13-01
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · SKY WORDS BV HOORNZEEL- STRAAT 21, 3080 TERVUREN · event 05-01-2023
2022
13-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 44 days late
2021
31-12
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series.
17-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 48 days late
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2019
31-12
Financial
Liquidity times 5current ratio 25.76
Current ratio from 4.95 to 25.76; short-term debt falls from €4k to €512.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
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 · full schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2014
28-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 28 days late
2013
27-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 27 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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
Registered office, Tervuren
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.
Hoornzeelstraat 213080 TervurenGround area
425 m²
Building footprint
99 m²
Parcel 24302D0439/00M007, Flanders. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24302D0439/00M007 | Flanders | 425 m² | 1 · 99 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | BRANDAAN MOMBAERS OLV BROEDERSSTRAAT 3,
3300 TIENEN |
05-01-2023 → present |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded04-08-2011
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.