SPECIAL FENCES
InactiveSPECIAL FENCES was declared bankrupt on 13-10-2022 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 17-10-2023, published in the Belgian State Gazette on 27-10-2023.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○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 · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 07-07-2021, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
24 d early
2019
2 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Equity
€42k
2019 · €-5k
2018: €266k
2019: €-5k
2018 → 2020
Total assets
€283k▲ 32.6%
2019 · €214k
2018: €699k
2019: €214k
2018 → 2020
Net result
€47k▲ 240%
2019 · €14k
2018: €-11k
2019: €14k
2018 → 2020
Working capital
€33k▼ 64.8%
2019 · €95k
2018: €-11k
2019: €95k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€266k-€-5k€42k
Operating result€157-€31k▲ 19,614%€66k▲ 112%
Net result€-11k-€14k€47k▲ 240%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2020 is 112% above 2019 and is the highest result in the available series.
Balance-sheet composition
Assets €283k
Fixed assets
€8k
Current assets
€275k
Equity and liabilities €283k
Equity
€42k
Debt
€242k
Debt finances 85.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€66k▲
2019 · €31k
Cash flow
€47k▲
2019 · €14k
Current ratio
1.14▼
2019 · 1.80
ROE
112.3%
ROA
16.5%▲
2019 · 6.4%
Debt ≤ 1 year
€242k▲
2019 · €119k
Income taxes
€20k▲
2019 · €2k
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 · 2020 against 2019 · 26 lines
Balance sheet
Code20192020
Assets
Total assets20/58€214k€283k▲
Fixed assets21/28-€8k
Tangible fixed assets22/27-€3k
Financial fixed assets28-€6k
Current assets29/58€214k€275k▲
Stocks and contracts in progress3€4k-
Amounts receivable within one year40/41€201k€258k▲
Cash at bank and in hand54/58€6k€10k▲
Equity and liabilities
Total equity and liabilities10/49€214k€283k▲
Equity10/15€-5k€42k▲
Contributions10/11€19k-
Reserves13€303€303=
Profit (loss) carried forward14€-24k€23k▲
Amounts payable17/49€219k€242k▲
Amounts payable after more than one year17€100k-
Amounts payable within one year42/48€119k€242k▲
Trade debts44€47k€62k▲
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€345€467▲
Gross operating margin9900€43k€73k▲
Operating profit (loss)9901€31k€66k▲
Recurring financial income75€3k€8k▲
Recurring financial charges65€18k€7k▼
Profit (loss) for the period before taxes9903€15k€66k▲
Income taxes67/77€2k€20k▲
Profit (loss) for the period9904€14k€47k▲
Profit (loss) for the period to be appropriated9905€14k€47k▲
Timeline · acts, filings and financial milestones
2023
27-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · SPECIAL BIZZ BV SCHILDERSSTRAAT 25/302, 2000 ANTWERPEN 1 · event 17-10-2023
2022
19-10
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · SPECIAL BIZZ BV SCHILDERS- STRAAT 25/302, 2000 ANTWERPEN 1 · event 13-10-2022
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €47k ▲240%
Operating result €66k, net result €47k, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.80
Current ratio from 0.87 to 1.80.
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
26-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
24-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Show earlier events
2014
31-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
31-07
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
06-12
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 128 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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 | TOON BRAWERS JUSTITIESTRAAT 27 BUS 12, 2018 -
ANTWERPEN |
13-10-2022 → 17-10-2023 |