STEVENS LUC
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 31-12-2017. Since then, 8 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2018 close31-07-2019 deadline01-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 09-08-2018, 9 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
2020
not filed
2019
not filed
2018
not filed
2017
9 d late
2016
7 d late
2015
27 d early
2014
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 4 days before the deadline; 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 2017, micro schema
Equity
-€34,194
2016 · €1,784
Total assets
€56,854▼ 43.9%
2016 · €101,354
Net result
-€35,979▼ 4.8%
2016 · -€34,321
Working capital
-€60,542▼ 61.7%
2016 · -€37,435
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
Line20132014201520162017
Operating result€1,385-€5,636▲ 307%-€6,812-€33,216▼ 388%-€35,169▼ 5.9%
Net result€6,935-€4,208▼ 39.3%€877▼ 79.2%-€34,321-€35,979▼ 4.8%
Equity€31,021-€35,229▲ 13.6%€36,106▲ 2.5%€1,784▼ 95.1%-€34,194
Total assets€121,741-€157,761▲ 29.6%€169,510▲ 7.4%€101,354▼ 40.2%€56,854▼ 43.9%
Debt€90,720-€122,532▲ 35.1%€133,404▲ 8.9%€99,570▼ 25.4%€91,048▼ 8.6%
Working capital€13,386--€1,837-€16,267▼ 785%-€37,435▼ 130%-€60,542▼ 61.7%
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 €35,169 in 2017 against €33,216 in 2016; the loss grows and 2017 has the lowest result in the available series.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €56,854
Fixed assets
€34,476 ▼ 42.0%
Current assets
€22,378 ▼ 46.7%
Equity and liabilities
Equity-€34,194
Debt€91,048
Equity is negative: debt (€91,048) exceeds the balance-sheet total (€56,854).
Key figures and ratios
EBITDA
-€10,239▼
2016 · -€8,190
Cash flow
-€11,049▼
2016 · -€9,295
Solvency
-60.1%▼
2016 · 1.8%
Current ratio
0.27▼
2016 · 0.53
Quick ratio
0.07▼
2016 · 0.22
ROA
-63.3%▼
2016 · -33.9%
Debt ≤ 1 year
€82,919▲
2016 · €79,383
Debt > 1 year
€8,128▼
2016 · €20,186
Income taxes
€70▼
2016 · €189
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,639 | €16,733 | €25,208 | €25,026 | €24,930 | ▼ 0.4% |
| Gross operating margin9900 | €8,077 | €23,193 | €19,826 | -€6,967 | -€9,876 | ▼ 41.7% |
| Operating profit (loss)9901 | €1,385 | €5,636 | -€6,812 | -€33,216 | -€35,169 | ▼ 5.9% |
| Recurring financial income75 | €926 | €833 | €713 | €130 | €32 | ▼ 75.0% |
| Recurring financial charges65 | €3,282 | €1,011 | €1,375 | €1,046 | €771 | ▼ 26.3% |
| Profit (loss) for the period before taxes9903 | €9,029 | €5,458 | €1,124 | -€34,132 | -€35,908 | ▼ 5.2% |
| Income taxes67/77 | €2,094 | €1,250 | €247 | €189 | €70 | ▼ 62.7% |
| Profit (loss) for the period9904 | €6,935 | €4,208 | €877 | -€34,321 | -€35,979 | ▼ 4.8% |
| Profit (loss) for the period to be appropriated9905 | €6,935 | €4,208 | €877 | -€34,321 | -€35,979 | ▼ 4.8% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €121,741 | €157,761 | €169,510 | €101,354 | €56,854 | ▼ 43.9% |
| Fixed assets21/28 | €20,135 | €60,577 | €84,432 | €59,406 | €34,476 | ▼ 42.0% |
| Tangible fixed assets22/27 | €20,135 | €60,577 | €84,432 | €59,406 | €34,476 | ▼ 42.0% |
| Current assets29/58 | €101,605 | €97,184 | €85,078 | €41,948 | €22,378 | ▼ 46.7% |
| Stocks and contracts in progress3 | €55,397 | €69,397 | €48,231 | €24,141 | €16,558 | ▼ 31.4% |
| Amounts receivable within one year40/41 | €4,154 | €7,315 | €8,209 | €219 | €507 | ▲ 131% |
| Cash at bank and in hand54/58 | €42,017 | €19,188 | €27,600 | €16,289 | €5,312 | ▼ 67.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €121,741 | €157,761 | €169,510 | €101,354 | €56,854 | ▼ 43.9% |
| Equity10/15 | €31,021 | €35,229 | €36,106 | €1,784 | -€34,194 | ▼ 2,016% |
| Contributions10/11 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Reserves13 | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Profit (loss) carried forward14 | €10,121 | €14,329 | €15,206 | -€19,116 | -€55,094 | ▼ 188% |
| Amounts payable17/49 | €90,720 | €122,532 | €133,404 | €99,570 | €91,048 | ▼ 8.6% |
| Amounts payable after more than one year17 | - | €23,467 | €31,936 | €20,186 | €8,128 | ▼ 59.7% |
| Amounts payable within one year42/48 | €88,220 | €99,021 | €101,345 | €79,383 | €82,919 | ▲ 4.5% |
| Trade debts44 | €4,995 | €4,355 | €393 | €246 | €250 | ▲ 1.4% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,935 | €4,208 | €877 | -€34,321 | -€35,979 | ▼ 4.8% |
| + Depreciation and write-downs630 | €5,639 | €16,733 | €25,208 | €25,026 | €24,930 | ▼ 0.4% |
| Operating cash flow (approximation) | €12,574 | €20,940 | €26,085 | -€9,295 | -€11,049 | ▼ 18.9% |
| Investment in fixed assets (approximation) | - | -€57,175 | -€49,063 | €0 | €0 | - |
| Change in cash | - | -€22,829 | €8,412 | -€11,311 | -€10,977 | ▲ 3.0% |
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
09-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Gent · event 03-10-2023
2022
16-05
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 10-05-2022
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 9 days late
2017
31-12
Financial
Weakest financial yearnet -€35,979
Net result drops to -€35,979, the lowest in the series.
07-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 7 days late
2016
04-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
27-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
17-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
27-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 27 days late
2012
06-08
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 6 days late
2011
03-06
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
2010
10-06
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema
2009
09-06
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema
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 MASELYNE Savaanstraat 72, 9000 Gent |
10-05-2022 → 03-10-2023 |