SUMMERFESTIVAL
Open bankruptcySummary
A bankruptcy procedure is open for SUMMERFESTIVAL according to publications in the Belgian State Gazette. The 2020 annual accounts show negative equity (€-580k) and a net result of €25k.
Signals
Three 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 31-12-2020 was due by 31-07-2021 and was filed on 31-08-2021, 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
31 d late
2019
139 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, abbreviated schema
Equity
€-580k▲ 4.2%
2019 · €-605k
Total assets
€111k▼ 64.1%
2019 · €308k
Net result
€25k
2019 · €-342k
Working capital
€-580k▲ 4.2%
2019 · €-605k
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
Line201820192020
Operating result€-315k-€-341k▼ 8.2%€26k
Net result€-318k-€-342k▼ 7.5%€25k
Equity€-263k-€-605k▼ 130%€-580k▲ 4.2%
Total assets€436k-€308k▼ 29.3%€111k▼ 64.1%
Debt€699k-€913k▲ 30.6%€690k▼ 24.4%
Working capital€-263k-€-605k▼ 130%€-580k▲ 4.2%
Staff (FTE)0.3-0.8▲ 167%
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 2020: €26k after a loss of €341k in 2019, the highest result in the available series.
Key figures and ratios
Solvency
-524.1%▼
2019 · -196.2%
Current ratio
0.16▼
2019 · 0.34
ROA
22.7%▲
2019 · -110.8%
Debt ≤ 1 year
€690k▼
2019 · €913k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Gross operating margin9900 | €-264k | €-238k | €29k | ▲ 112% |
| Operating profit (loss)9901 | €-315k | €-341k | €26k | ▲ 108% |
| Recurring financial income75 | €303 | €1 | - | - |
| Recurring financial charges65 | €3k | €849 | €517 | ▼ 39.1% |
| Profit (loss) for the period before taxes9903 | €-318k | €-342k | €25k | ▲ 107% |
| Profit (loss) for the period9904 | €-318k | €-342k | €25k | ▲ 107% |
| Profit (loss) for the period to be appropriated9905 | €-318k | €-342k | €25k | ▲ 107% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €436k | €308k | €111k | ▼ 64.1% |
| Current assets29/58 | €436k | €308k | €111k | ▼ 64.1% |
| Amounts receivable within one year40/41 | €413k | €157k | €108k | ▼ 30.9% |
| Cash at bank and in hand54/58 | €5k | €152k | €2k | ▼ 98.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €436k | €308k | €111k | ▼ 64.1% |
| Equity10/15 | €-263k | €-605k | €-580k | ▲ 4.2% |
| Contributions10/11 | €25k | €25k | - | - |
| Reserves13 | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €-291k | €-632k | €-607k | ▲ 4.0% |
| Amounts payable17/49 | €699k | €913k | €690k | ▼ 24.4% |
| Amounts payable within one year42/48 | €699k | €913k | €690k | ▼ 24.4% |
| Trade debts44 | €517k | €147k | €12k | ▼ 92.0% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-318k | €-342k | €25k | ▲ 107% |
| Operating cash flow (approximation) | €-318k | €-342k | €25k | ▲ 107% |
| Change in cash | - | €147k | €-149k | ▼ 202% |
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
09-05
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 03-05-2022
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Back to profitnet €25k
Net result €25k after 2 loss-making years.
17-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 139 days late
2019
31-12
Financial
Weakest financial yearnet €-342k
Net result drops to €-342k, the lowest in the series.
16-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 47 days late
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2016
08-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 39 days late
2014
20-10
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2013
29-10
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2012
26-09
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2011
26-10
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
2010
27-10
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Antwerpen · 1 establishment unit since 2009
Ground area
1.0 ha
Parcel 11812M0125/00A000, Flanders. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
SUMMERFESTIVAL
since 20092.176.811.246
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11812M0125/00A000 | Flanders | 1.0 ha | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | THOMAS DEBAENE KONINKLIJKE LAAN 60,
2600 BERCHEM (ANTWERPEN) |
03-05-2022 → present |
| Curator | ERIK GREEVE KONINKLIJKELAAN 60, 2600 BERCHEM
(ANTWERPEN) |
03-05-2022 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.176.811.246
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Of 3,527 companies in sector 90391 we hold annual accounts for 681. 532 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded23-02-2009
Fiscal year end31-12
Activities, NACEBEL 2025
90391Promotion and organisation of arts and performing arts events
82300Organisation of conventions and trade shows
90393Specialised image, lighting and sound technical services
90392Design and construction of stages and sets
Scores and ratios are computed by Checked and are not a credit decision.