SUBTILS SERVICES
InactiveSUBTILS SERVICES was declared bankrupt on 27-11-2023 (Tribunal de l’entreprise du Hainaut, division Charleroi); the bankruptcy was closed for insufficient assets by judgment of 16-06-2025, published in the Belgian State Gazette on 10-07-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
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 30-06-2023, 3 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 · 10 filingsPosition against the passed deadline
30-06-2023 close31-01-2024 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2022 was due by 31-01-2023 and was filed on 30-01-2023, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
1 d early
2021
4 d early
2020
2 d early
2019
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 3 days before 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 2022, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€20,048
2021 · -€9,757
Working capital
-€26,627▲ 50.9%
2021 · -€54,185
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
Line2019202020212022
Operating result€5,983--€34,387-€7,760▲ 77.4%€20,340
Net result€4,456--€29,716-€9,757▲ 67.2%€20,048
Equity-€1,152--€30,868▼ 2,579%-€40,625▼ 31.6%-€20,577▲ 49.3%
Total assets€103,779-€96,636▼ 6.9%€84,126▼ 12.9%€74,411▼ 11.5%
Debt€104,931-€127,504▲ 21.5%€124,751▼ 2.2%€94,988▼ 23.9%
Working capital-€32,743--€56,655▼ 73.0%-€54,185▲ 4.4%-€26,627▲ 50.9%
Staff (FTE)20-23▲ 15.0%39.6▲ 72.2%29.2▼ 26.3%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2022: €20,340 after a loss of €7,760 in 2021, the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €74,411
Fixed assets
€6,050 ▼ 55.4%
Current assets
€68,361 ▼ 3.1%
Key figures and ratios
Solvency
-27.7%▲
2021 · -48.3%
Current ratio
0.72▲
2021 · 0.57
Debt to equity
-4.62
ROA
26.9%▲
2021 · -11.6%
Debt ≤ 1 year
€94,988▼
2021 · €124,751
Staff costs
€688,651
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €9,240 | - |
| Remuneration, social security and pensions62 | - | - | - | €688,651 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,528 | €11,529 | €6,825 | - | - |
| Other operating charges640/8 | - | - | - | €1,926 | - |
| Non-recurring operating charges66A | - | - | - | €11,893 | - |
| Gross operating margin9900 | €529,149 | €479,248 | €614,857 | €722,810 | ▲ 17.6% |
| Operating profit (loss)9901 | €5,983 | -€34,387 | -€7,760 | €20,340 | ▲ 362% |
| Recurring financial income75 | €10 | €244 | €2 | - | - |
| Financial charges65/66B | - | - | - | €292 | - |
| Recurring financial charges65 | €677 | €572 | €1,959 | €292 | ▼ 85.1% |
| Profit (loss) for the period before taxes9903 | €7,916 | -€29,716 | -€9,716 | €20,048 | ▲ 306% |
| Income taxes67/77 | €3,460 | - | €40 | - | - |
| Profit (loss) for the period9904 | €4,456 | -€29,716 | -€9,757 | €20,048 | ▲ 305% |
| Profit (loss) for the period to be appropriated9905 | €4,456 | -€29,716 | -€9,757 | €20,048 | ▲ 305% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €103,779 | €96,636 | €84,126 | €74,411 | ▼ 11.5% |
| Fixed assets21/28 | €31,590 | €28,099 | €13,560 | €6,050 | ▼ 55.4% |
| Tangible fixed assets22/27 | €29,636 | €26,144 | €13,560 | €6,050 | ▼ 55.4% |
| Plant, machinery and equipment23 | - | - | - | €6,050 | - |
| Financial fixed assets28 | €1,955 | €1,955 | - | - | - |
| Current assets29/58 | €72,189 | €68,537 | €70,566 | €68,361 | ▼ 3.1% |
| Amounts receivable within one year40/41 | €9,111 | €7,996 | €35,843 | €56,127 | ▲ 56.6% |
| Trade receivables40 | - | - | - | €48,306 | - |
| Other amounts receivable41 | - | - | - | €7,821 | - |
| Cash at bank and in hand54/58 | €37,453 | €39,660 | €34,723 | €12,234 | ▼ 64.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €103,779 | €96,636 | €84,126 | €74,411 | ▼ 11.5% |
| Equity10/15 | -€1,152 | -€30,868 | -€40,625 | -€20,577 | ▲ 49.3% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | - |
| Reserves13 | €10,157 | €10,157 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | -€17,509 | -€47,225 | -€48,685 | -€28,637 | ▲ 41.2% |
| Amounts payable17/49 | €104,931 | €127,504 | €124,751 | €94,988 | ▼ 23.9% |
| Amounts payable after more than one year17 | - | €2,312 | - | - | - |
| Amounts payable within one year42/48 | €104,931 | €125,192 | €124,751 | €94,988 | ▼ 23.9% |
| Trade debts44 | €12,133 | €8,332 | - | €920 | - |
| Suppliers440/4 | - | - | - | €920 | - |
| Taxes, remuneration and social security45 | - | - | - | €93,818 | - |
| Taxes450/3 | - | - | - | €1,343 | - |
| Remuneration and social security454/9 | - | - | - | €92,475 | - |
| Other amounts payable47/48 | - | - | - | €250 | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,456 | -€29,716 | -€9,757 | €20,048 | ▲ 305% |
| + Depreciation and write-downs630 | €10,528 | €11,529 | €6,825 | - | - |
| Operating cash flow (approximation) | €14,984 | -€18,187 | -€2,932 | €20,048 | ▲ 784% |
| Investment in fixed assets (approximation) | - | -€8,037 | €7,715 | €7,510 | ▼ 2.7% |
| Change in cash | - | €2,207 | -€4,937 | -€22,489 | ▼ 356% |
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
10-07
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise du Hainaut, division Charleroi · event 16-06-2025
2023
05-12
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Charleroi · event 27-11-2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
Financial
Back to profitnet €20,048
Net result €20,048 after 2 loss-making years.
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
Financial
Weakest financial yearnet -€29,716
Net result drops to -€29,716, the lowest in the series.
27-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
28-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
28-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
12-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 102 days late
2015
28-02
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 28 days late
2014
27-02
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 27 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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 | FRANCOIS CHARLEZ CHAUSSEE DE MONS 52,
7170 MANAGE- .
Date provisoire de cessation de paiement : 27/11/2023 |
27-11-2023 → 16-06-2025 |
Structure & network
Owners and holdings
1 ownerChain of control
- A.B.J.V.
- SUBTILS SERVICES
Highest known parent: A.B.J.V.. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
The accounts to 30-06-2022 list no holdings, and no other source names one.
According to the annual accounts to 30-06-2022 of SUBTILS SERVICES and those 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.