STAR DRINKS
InactiveSTAR DRINKS was declared bankrupt on 08-02-2022 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed by liquidation by judgment of 21-11-2023, published in the Belgian State Gazette on 12-12-2023.
Summary
Inactive; last annual accounts for fiscal year 2019.
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 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2020 close31-07-2021 deadline27-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 31-05-2021, 304 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
304 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its 2019 accounts 304 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 2019, micro schema
Equity
€10,089▼ 8.7%
2018 · €11,053
Total assets
€48,319▲ 93.9%
2018 · €24,923
Net result
-€964
2018 · €784
Working capital
€1,991▼ 81.4%
2018 · €10,719
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
Line20182019
Operating result€1,155-€328▼ 71.6%
Net result€784--€964
Equity€11,053-€10,089▼ 8.7%
Total assets€24,923-€48,319▲ 93.9%
Debt€13,870-€38,230▲ 176%
Working capital€10,719-€1,991▼ 81.4%
Staff (FTE)1
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2019; 2019 is 72% below 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €48,319
Fixed assets
€8,098 ▲ 2,319%
Current assets
€40,221 ▲ 63.6%
Equity and liabilities €48,319
Equity
€10,089 ▼ 8.7%
Debt
€38,230 ▲ 176%
Debt's share of the balance-sheet total rises from 55.7% to 79.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€965▼
2018 · €1,266
Cash flow
-€328▼
2018 · €896
Current ratio
1.05▼
2018 · 1.77
Quick ratio
0.90▼
2018 · 1.47
ROE
-9.6%▼
2018 · 7.1%
ROA
-2.0%▼
2018 · 3.1%
Debt ≤ 1 year
€38,230▲
2018 · €13,870
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €112 | €637 | ▲ 470% |
| Gross operating margin9900 | €9,547 | €18,076 | ▲ 89.3% |
| Operating profit (loss)9901 | €1,155 | €328 | ▼ 71.6% |
| Recurring financial charges65 | €41 | €1,293 | ▲ 3,075% |
| Profit (loss) for the period before taxes9903 | €1,114 | -€964 | ▼ 187% |
| Income taxes67/77 | €330 | - | - |
| Profit (loss) for the period9904 | €784 | -€964 | ▼ 223% |
| Profit (loss) for the period to be appropriated9905 | €784 | -€964 | ▼ 223% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €24,923 | €48,319 | ▲ 93.9% |
| Fixed assets21/28 | €335 | €8,098 | ▲ 2,319% |
| Intangible fixed assets21 | €0 | - | - |
| Tangible fixed assets22/27 | €335 | €8,098 | ▲ 2,319% |
| Current assets29/58 | €24,589 | €40,221 | ▲ 63.6% |
| Stocks and contracts in progress3 | €4,200 | €5,960 | ▲ 41.9% |
| Amounts receivable within one year40/41 | €3,890 | €5,386 | ▲ 38.4% |
| Cash at bank and in hand54/58 | €16,498 | €28,875 | ▲ 75.0% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €24,923 | €48,319 | ▲ 93.9% |
| Equity10/15 | €11,053 | €10,089 | ▼ 8.7% |
| Contributions10/11 | €18,600 | €18,600 | = |
| Reserves13 | €501 | €501 | = |
| Profit (loss) carried forward14 | -€8,047 | -€9,011 | ▼ 12.0% |
| Amounts payable17/49 | €13,870 | €38,230 | ▲ 176% |
| Amounts payable within one year42/48 | €13,870 | €38,230 | ▲ 176% |
| Trade debts44 | €6,251 | €29,789 | ▲ 377% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €784 | -€964 | ▼ 223% |
| + Depreciation and write-downs630 | €112 | €637 | ▲ 470% |
| Operating cash flow (approximation) | €896 | -€328 | ▼ 137% |
| Investment in fixed assets (approximation) | - | -€8,400 | - |
| Change in cash | - | €12,377 | - |
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
2023
12-12
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Gent · event 21-11-2023
2022
15-02
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 08-02-2022
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 304 days late
31-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 670 days late
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1035 days late
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 1400 days late
31-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 1765 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 31 days late
2014
29-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 29 days late
2013
29-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 29 days late
2012
31-08
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 31 days late
2011
12-09
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 43 days late
SignalNBB filing
0 of 4 acts read
About the unread acts
We know of 4 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
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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LINSE DE LEEUW BRUSSELSESTEENWEG 691,
9050 GENTBRUGGE |
08-02-2022 → 21-11-2023 |