STEERABLE INSTRUMENTS
BankruptcySummary
The KBO register records for STEERABLE INSTRUMENTS the legal situation: open bankruptcy; this is today's state according to the register itself, which carries no start date. The 2021 annual accounts show equity of €244k and a net result of €-905k.
Signals
Two 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 11-10-2022, 72 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
72 d late
2020
118 d late
2019
62 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, abbreviated schema
Equity
€244k▼ 78.8%
2020 · €1.15M
2018: €1.78M
2019: €-285k
2020: €1.15M
2018 → 2021
Total assets
€1.44M▼ 31.6%
2020 · €2.11M
2018: €2.23M
2019: €2.19M
2020: €2.11M
2018 → 2021
Net result
€-905k▼ 75.4%
2020 · €-516k
2018: €-300k
2019: €-361k
2020: €-516k
2018 → 2021
Working capital
€-1.19M▼ 48.8%
2020 · €-800k
2018: €-106k
2019: €-2.25M
2020: €-800k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€1.78M-€-285k€1.15M€244k▼ 78.8%
Operating result€-294k-€-358k▼ 21.8%€-505k▼ 41.0%€-880k▼ 74.3%
Net result€-300k-€-361k▼ 20.6%€-516k▼ 42.8%€-905k▼ 75.4%
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 €880k in 2021 against €505k 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 €1.44M
Fixed assets
€1.43M ▼ 30.3%
Current assets
€10k ▼ 81.8%
Equity and liabilities €1.44M
Equity
€244k ▼ 78.8%
Debt
€1.20M ▲ 24.5%
Debt's share of the balance-sheet total rises from 45.6% to 83.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-256k▼
2020 · €146k
Cash flow
€-281k▼
2020 · €135k
Current ratio
0.01▼
2020 · 0.06
Debt to equity
4.92▲
2020 · 0.09
ROE
-371.0%▼
2020 · -44.9%
ROA
-62.7%▼
2020 · -24.4%
Interest coverage
-10.14
Debt ≤ 1 year
€1.20M▲
2020 · €855k
Staff costs
€110k
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 · 48 lines
Balance sheet
Code20202021
Assets
Total assets20/58€2.11M€1.44M▼
Fixed assets21/28€2.06M€1.43M▼
Intangible fixed assets21€1.90M€1.33M▼
Tangible fixed assets22/27€153k€98k▼
Land and buildings22-€27k
Plant, machinery and equipment23-€57k
Other tangible fixed assets26-€14k
Financial fixed assets28€11k€11k=
Current assets29/58€55k€10k▼
Amounts receivable within one year40/41€11k€5k▼
Other amounts receivable41-€5k
Cash at bank and in hand54/58€43k€1▼
Deferred charges and accrued income490/1-€5k
Equity and liabilities
Total equity and liabilities10/49€2.11M€1.44M▼
Equity10/15€1.15M€244k▼
Contributions10/11€3.47M€3.47M=
Capital10-€3.47M
Issued capital100-€3.47M
Reserves13€3k€3k=
Non-distributable reserves130/1-€3k
Legal reserve130-€3k
Profit (loss) carried forward14€-2.32M€-3.23M▼
Amounts payable17/49€964k€1.20M▲
Amounts payable after more than one year17€107k-
Amounts payable within one year42/48€855k€1.20M▲
Financial debts43-€406k
Credit institutions430/8-€406k
Trade debts44€138k€207k▲
Suppliers440/4-€207k
Taxes, remuneration and social security45-€40k
Taxes450/3-€12k
Remuneration and social security454/9-€28k
Other amounts payable47/48-€547k
Income statement
Code20202021
Remuneration, social security and pensions62-€110k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€651k€624k▼
Other operating charges640/8-€28k
Gross operating margin9900€314k€-118k▼
Operating profit (loss)9901€-505k€-880k▼
Recurring financial income75€101-
Financial charges65/66B-€25k
Recurring financial charges65€11k€25k▲
Profit (loss) for the period before taxes9903€-516k€-905k▼
Income taxes67/77€2-
Profit (loss) for the period9904€-516k€-905k▼
Profit (loss) for the period to be appropriated9905€-516k€-905k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-3.23M
Profit (loss) brought forward from the previous period14P-€-2.32M
Social balance
Average headcount (FTE)9087-1.7
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
2022
11-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 72 days late
2021
31-12
Financial
Weakest financial yearnet €-905k
Net result drops to €-905k, the lowest in the series.
26-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 118 days late
2020
31-12
Financial
Equity above €1MEq €1.15M
Equity rises from €-285k to €1.15M.
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 62 days late
2019
21-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 82 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 25 days late
2015
04-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 4 days late
2014
29-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 29 days late
2013
31-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Gent · 1 establishment unit since 2009
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.
Poortakkerstraat 99051 GentGround area
5,152 m²
Building footprint
2,396 m²
Volume, LiDAR
15,031 m³
Parcel 44062D0323/00E002, Flanders · tallest building 14.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Steerable Instruments
since 20092.184.283.909
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062D0323/00E002 | Flanders | 5,152 m² | 1 · 2,395 m² | 14.3 m · 2 fl. |
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.
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Of 11,550 companies in sector 71121 we hold annual accounts for 6,563. 5,016 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 formPublic limited company
Founded17-04-2009
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@steerable-instruments.com
Phone:09 247 00 19