STUDIO LEGIA
InactiveSignals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 2 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline30-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 31-08-2022, 31 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 · 2 filingsDeviation from the deadline
2021
31 d late
2020
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 31 days after the deadline; the Belgian median for financial year 2021 is 3 days before the deadline, and 44% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, abbreviated schema
Equity
-€9,525▲ 63.8%
2020 · -€26,344
Total assets
€162,574▲ 14.2%
2020 · €142,302
Net result
€16,819
2020 · -€51,344
Working capital
€4,675
2020 · -€6,473
Trend over the years
In euros
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In full-time equivalents (FTE)
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
Line20202021
Operating result-€46,895-€19,259
Net result-€51,344-€16,819
Equity-€26,344--€9,525▲ 63.8%
Total assets€142,302-€162,574▲ 14.2%
Debt€168,646-€172,099▲ 2.0%
Working capital-€6,473-€4,675
Staff (FTE)1.5-0.8▼ 46.7%
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 2021: €19,259 after a loss of €46,895 in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €162,574
Fixed assets
€103,521 ▼ 5.8%
Current assets
€59,053 ▲ 82.1%
Equity and liabilities
Equity-€9,525
Debt€172,099
Equity is negative: debt (€172,099) exceeds the balance-sheet total (€162,574).
Key figures and ratios
EBITDA
€33,430▲
2020 · -€28,302
Cash flow
€30,990▲
2020 · -€32,751
Solvency
-5.9%▲
2020 · -18.5%
Current ratio
1.09▲
2020 · 0.83
ROA
10.3%▲
2020 · -36.1%
Interest coverage
13.63
Debt ≤ 1 year
€54,378▲
2020 · €38,903
Debt > 1 year
€117,721▼
2020 · €129,743
Staff costs
€31,008
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 | 2020 | 2021 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | - | €31,008 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,593 | €14,171 | ▼ 23.8% |
| Other operating charges640/8 | - | €1,676 | - |
| Gross operating margin9900 | €15,054 | €66,114 | ▲ 339% |
| Operating profit (loss)9901 | -€46,895 | €19,259 | ▲ 141% |
| Financial income75/76B | - | €12 | - |
| Recurring financial income75 | €68 | €12 | ▼ 82.0% |
| Financial charges65/66B | - | €2,452 | - |
| Recurring financial charges65 | €4,517 | €2,452 | ▼ 45.7% |
| Profit (loss) for the period before taxes9903 | -€51,344 | €16,819 | ▲ 133% |
| Profit (loss) for the period9904 | -€51,344 | €16,819 | ▲ 133% |
| Profit (loss) for the period to be appropriated9905 | -€51,344 | €16,819 | ▲ 133% |
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €142,302 | €162,574 | ▲ 14.2% |
| Fixed assets21/28 | €109,872 | €103,521 | ▼ 5.8% |
| Tangible fixed assets22/27 | €109,872 | €103,206 | ▼ 6.1% |
| Land and buildings22 | - | €20,039 | - |
| Plant, machinery and equipment23 | - | €82,623 | - |
| Furniture and vehicles24 | - | €544 | - |
| Financial fixed assets28 | - | €315 | - |
| Current assets29/58 | €32,430 | €59,053 | ▲ 82.1% |
| Amounts receivable within one year40/41 | €26,760 | €33,704 | ▲ 25.9% |
| Trade receivables40 | - | €10,151 | - |
| Other amounts receivable41 | - | €23,553 | - |
| Cash at bank and in hand54/58 | €3,935 | €25,349 | ▲ 544% |
| Deferred charges and accrued income490/1 | - | €0 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €142,302 | €162,574 | ▲ 14.2% |
| Equity10/15 | -€26,344 | -€9,525 | ▲ 63.8% |
| Contributions10/11 | - | €25,000 | - |
| Profit (loss) carried forward14 | -€51,344 | -€34,525 | ▲ 32.8% |
| Amounts payable17/49 | €168,646 | €172,099 | ▲ 2.0% |
| Amounts payable after more than one year17 | €129,743 | €117,721 | ▼ 9.3% |
| Financial debts170/4 | - | €117,721 | - |
| Amounts payable within one year42/48 | €38,903 | €54,378 | ▲ 39.8% |
| Current portion of amounts payable after more than one year42 | - | €44,413 | - |
| Trade debts44 | €3,942 | €6,305 | ▲ 59.9% |
| Suppliers440/4 | - | €6,305 | - |
| Taxes, remuneration and social security45 | - | €3,660 | - |
| Taxes450/3 | - | €0 | - |
| Remuneration and social security454/9 | - | €3,660 | - |
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€51,344 | €16,819 | ▲ 133% |
| + Depreciation and write-downs630 | €18,593 | €14,171 | ▼ 23.8% |
| Operating cash flow (approximation) | -€32,751 | €30,990 | ▲ 195% |
| Investment in fixed assets (approximation) | - | -€7,820 | - |
| Change in cash | - | €21,414 | - |
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
2025
07-04
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Gent · event 01-04-2025
2023
15-03
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 10-03-2023
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Back to profitnet €16,819
Net result €16,819 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 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 | PIETER HUYGHE Savaanstraat 72, 9000 Gent |
10-03-2023 → 01-04-2025 |
Structure & network
Owners and holdings
3 ownersOwners 3
-
50%
-
50%
-
50%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.