Spacefun
Open bankruptcyA bankruptcy procedure is open for Spacefun according to publications in the Belgian State Gazette; curator: ALEXANDRE BASTENIER.
Summary
The 2021 annual accounts show negative equity (€-224k) and a net result of €-129k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€-224k▼ 135%
2020 · €-95k
2019: €6k
2020: €-95k
2019 → 2021
Total assets
€150k▼ 27.5%
2020 · €207k
2019: €182k
2020: €207k
2019 → 2021
Net result
€-129k▼ 13.0%
2020 · €-114k
2019: €-40
2020: €-114k
2019 → 2021
Working capital
€-287k▼ 41.6%
2020 · €-203k
2019: €-103k
2020: €-203k
2019 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202021Trend
Equity€6k-€-95k€-224k▼ 135%
Operating result€4k-€-113k€-124k▼ 10.3%
Net result€-40-€-114k▼ 286,847%€-129k▼ 13.0%
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 €124k in 2021 against €113k 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 €150k
Fixed assets
€63k ▼ 41.8%
Current assets
€87k ▼ 11.6%
Key figures and ratios
EBITDA
€-56k▲
2020 · €-92k
Cash flow
€-61k▲
2020 · €-93k
Solvency
-148.9%▼
2020 · -46.0%
Current ratio
0.23▼
2020 · 0.33
Debt to equity
-1.67
ROA
-85.5%▼
2020 · -54.9%
Interest coverage
-11.74
Debt
€374k▲
2020 · €302k
Debt ≤ 1 year
€374k▲
2020 · €301k
Income taxes
€599=
2020 · €599
Staff costs
€50k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 43 lines
Balance sheet
Code20202021
Assets
Total assets20/58€207k€150k▼
Fixed assets21/28€109k€63k▼
Intangible fixed assets21€9k€7k▼
Tangible fixed assets22/27€100k€53k▼
Plant, machinery and equipment23-€39k
Furniture and vehicles24-€2k
Other tangible fixed assets26-€12k
Financial fixed assets28-€3k
Current assets29/58€98k€87k▼
Amounts receivable within one year40/41€89k€77k▼
Trade receivables40-€75k
Other amounts receivable41-€2k
Cash at bank and in hand54/58€4k€7k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€207k€150k▼
Equity10/15€-95k€-224k▼
Contributions10/11-€19k
Profit (loss) carried forward14€-114k€-242k▼
Amounts payable17/49€302k€374k▲
Amounts payable within one year42/48€301k€374k▲
Current portion of amounts payable after more than one year42-€15k
Trade debts44€245k€305k▲
Suppliers440/4-€305k
Taxes, remuneration and social security45-€20k
Taxes450/3-€5k
Remuneration and social security454/9-€14k
Other amounts payable47/48-€34k
Accrued charges and deferred income492/3-€8
Income statement
Code20202021
Remuneration, social security and pensions62-€50k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€68k▲
Other operating charges640/8-€4k
Gross operating margin9900€-55k€-3k▲
Operating profit (loss)9901€-113k€-124k▼
Financial income75/76B-€1k
Recurring financial income75€2k€1k▼
Financial charges65/66B-€5k
Recurring financial charges65€3k€5k▲
Profit (loss) for the period before taxes9903€-113k€-128k▼
Income taxes67/77€599€599=
Profit (loss) for the period9904€-114k€-129k▼
Profit (loss) for the period to be appropriated9905€-114k€-129k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-242k
Profit (loss) brought forward from the previous period14P-€-114k
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
05-07
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · SPACEFUN BV NIJVERHEIDS- STRAAT 70, 2160 WOMMELGEM · event 29-06-2023
2022
08-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 130 days late
2021
31-12
Financial
Weakest financial yearnet €-129k
Net result drops to €-129k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 66 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Wommelgem · 3 establishment units since 2018
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.
Nijverheidsstraat 702160 WommelgemGround area
1.4 ha
Building footprint
3,728 m²
Volume, LiDAR
33,664 m³
4 parcels, Flanders · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
3 establishment units
Spacefun
since 20182.281.804.046
Spacefun
since 20212.317.962.478
Spacefun
since 20212.317.962.577
4 parcels
Flanders
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052C0585/00T002 | Flanders | 1.0 ha | 1 · 2,288 m² | 14.7 m · 4 fl. |
| 72345B1007/00H020 | Flanders | 2,195 m² | 1 · 837 m² | 8.1 m · 2 fl. |
| 31022I0626/00H000 | Flanders | 1,091 m² | 1 · 603 m² | 11.5 m · 2 fl. |
| 71034A1431/00B000indicative | Flanders | 549 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 3
3 of 4 parcels 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 | ALEXANDRE BASTENIER LEON STYNENSTRAAT 63,
2000 ANTWERPEN 1 |
29-06-2023 → present |
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 6,216 EUR awarded · 6,216 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 6,216 EUR | 6,216 EUR |
Schemes
Vlaams Beschermingsmechanisme 11 (stopgezet)
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Of 298 companies in sector 93293 we hold annual accounts for 190. 44 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded13-08-2018
Fiscal year end31-12
Activities, NACEBEL 2025
93293Sports, amusement and recreation activities
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
56309Food and beverage service activities
93299Other amusement and recreation activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.