STEVEN
InactiveSignals
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 31-12-2007. Since then, 18 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 4 filingsPosition against the passed deadline
31-12-2008 close31-07-2009 deadline30-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2007 was due by 31-07-2008 and was filed on 29-08-2008, 29 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 · 4 filingsDeviation from the deadline
2020
not filed
2019
not filed
2018
not filed
2017
not filed
2016
not filed
2015
not filed
2014
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filings
The Belgian median for financial year 2020 is 1 day before the deadline, and 46% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2007, abbreviated schema
Equity
€26,875▲ 83.1%
2006 · €14,679
Total assets
€30,132▲ 58.2%
2006 · €19,046
Net result
€12,196
2006 · -€9,377
Working capital
€19,798▲ 613%
2006 · €2,778
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20062007
Operating result-€9,377-€14,923
Net result-€9,377-€12,196
Equity€14,679-€26,875▲ 83.1%
Total assets€19,046-€30,132▲ 58.2%
Debt€4,367-€3,257▼ 25.4%
Working capital€2,778-€19,798▲ 613%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2007: €14,923 after a loss of €9,377 in 2006.
Balance-sheet composition
2007 in colour, 2006 as the grey bar beneath
Assets €30,132
Fixed assets
€7,077 ▼ 40.5%
Current assets
€23,054 ▲ 223%
Equity and liabilities €30,132
Equity
€26,875 ▲ 83.1%
Debt
€3,257 ▼ 25.4%
Debt's share of the balance-sheet total falls from 22.9% to 10.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€21,140▲
2006 · -€3,332
Cash flow
€18,413▲
2006 · -€3,332
Current ratio
7.08▲
2006 · 1.64
ROE
45.4%▲
2006 · -63.9%
ROA
40.5%▲
2006 · -49.2%
Debt ≤ 1 year
€3,257▼
2006 · €4,367
Income taxes
€2,040
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2006 | 2007 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,045 | €6,217 | ▲ 2.8% |
| Gross operating margin9900 | -€1,764 | €22,959 | ▲ 1,402% |
| Operating profit (loss)9901 | -€9,377 | €14,923 | ▲ 259% |
| Recurring financial income75 | - | €526 | - |
| Recurring financial charges65 | - | €105 | - |
| Profit (loss) for the period before taxes9903 | -€9,377 | €14,236 | ▲ 252% |
| Income taxes67/77 | - | €2,040 | - |
| Profit (loss) for the period9904 | -€9,377 | €12,196 | ▲ 230% |
| Profit (loss) for the period to be appropriated9905 | -€9,377 | €12,196 | ▲ 230% |
| Line | 2006 | 2007 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €19,046 | €30,132 | ▲ 58.2% |
| Fixed assets21/28 | €11,901 | €7,077 | ▼ 40.5% |
| Tangible fixed assets22/27 | €11,752 | €6,929 | ▼ 41.0% |
| Financial fixed assets28 | €149 | €149 | ▼ 0.2% |
| Current assets29/58 | €7,145 | €23,054 | ▲ 223% |
| Amounts receivable within one year40/41 | €7,145 | €22,210 | ▲ 211% |
| Cash at bank and in hand54/58 | - | €844 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €19,046 | €30,132 | ▲ 58.2% |
| Equity10/15 | €14,679 | €26,875 | ▲ 83.1% |
| Contributions10/11 | €18,592 | €18,592 | = |
| Reserves13 | €243 | €853 | ▲ 251% |
| Profit (loss) carried forward14 | -€4,156 | €7,430 | ▲ 279% |
| Amounts payable17/49 | €4,367 | €3,257 | ▼ 25.4% |
| Amounts payable within one year42/48 | €4,367 | €3,257 | ▼ 25.4% |
| Trade debts44 | - | €1,217 | - |
| Line | 2006 | 2007 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€9,377 | €12,196 | ▲ 230% |
| + Depreciation and write-downs630 | €6,045 | €6,217 | ▲ 2.8% |
| Operating cash flow (approximation) | -€3,332 | €18,413 | ▲ 653% |
| Investment in fixed assets (approximation) | - | -€1,393 | - |
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
2022
06-12
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 29-11-2022
09-03
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 03-03-2022
2008
29-08
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema · 29 days late
2007
31-12
Financial
Back to profitnet €12,196
Net result €12,196 after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 7.08
Current ratio from 1.64 to 7.08; short-term debt falls from €4,367 to €3,257.
03-07
NBB filing
Annual accounts filed
fiscal year 2006 · abbreviated schema
2006
19-07
NBB filing
Annual accounts filed
fiscal year 2005 · abbreviated schema
2004
27-10
NBB filing
Annual accounts filed
fiscal year 2003 · abbreviated schema · 88 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | SVEN LEENDERS Grote Steenweg 154, 2600 Berchem (Antwerpen) |
03-03-2022 → 29-11-2022 |