SVS CONCEPT
InactiveSVS CONCEPT was declared bankrupt on 02-10-2023 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed by liquidation by judgment of 09-07-2024, published in the Belgian State Gazette on 16-07-2024.
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 · 2 filingsPosition against the passed deadline
30-06-2023 close31-01-2024 deadline28-09-2026 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 31-01-2023, 0 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
on the day
2021
238 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 119 days after 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
-€105,877▼ 192%
2021 · -€36,240
Working capital
-€155,584▼ 290%
2021 · -€39,925
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
Line20212022
Operating result-€36,177--€105,281▼ 191%
Net result-€36,240--€105,877▼ 192%
Equity-€16,240--€122,117▼ 652%
Total assets€83,939-€75,663▼ 9.9%
Debt€100,179-€197,780▲ 97.4%
Working capital-€39,925--€155,584▼ 290%
Staff (FTE)5.4-5.5▲ 1.9%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €105,281 in 2022 against €36,177 in 2021; the loss grows.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €75,663
Fixed assets
€33,467 ▲ 41.3%
Current assets
€42,196 ▼ 30.0%
Key figures and ratios
EBITDA
-€103,189▼
2021 · -€36,167
Cash flow
-€103,785▼
2021 · -€36,230
Solvency
-161.4%▼
2021 · -19.3%
Current ratio
0.21▼
2021 · 0.60
Quick ratio
0.03▼
2021 · 0.30
Debt to equity
-1.62▲
2021 · -6.17
ROA
-139.9%▼
2021 · -43.2%
Interest coverage
-140.39▲
2021 · -574.08
Debt ≤ 1 year
€197,780▲
2021 · €100,179
Staff costs
€130,299▲
2021 · €21,242
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €21,242 | €130,299 | ▲ 513% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10 | €2,092 | ▲ 20,820% |
| Other operating charges640/8 | - | €1,918 | - |
| Non-recurring operating charges66A | -€253 | - | - |
| Gross operating margin9900 | -€15,178 | €29,028 | ▲ 291% |
| Operating profit (loss)9901 | -€36,177 | -€105,281 | ▼ 191% |
| Financial income75/76B | - | €139 | - |
| Recurring financial income75 | - | €139 | - |
| Financial charges65/66B | €63 | €735 | ▲ 1,067% |
| Recurring financial charges65 | €63 | €735 | ▲ 1,067% |
| Profit (loss) for the period before taxes9903 | -€36,240 | -€105,877 | ▼ 192% |
| Profit (loss) for the period9904 | -€36,240 | -€105,877 | ▼ 192% |
| Profit (loss) for the period to be appropriated9905 | -€36,240 | -€105,877 | ▼ 192% |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €83,939 | €75,663 | ▼ 9.9% |
| Fixed assets21/28 | €23,685 | €33,467 | ▲ 41.3% |
| Tangible fixed assets22/27 | €1,185 | €10,967 | ▲ 825% |
| Land and buildings22 | - | €10,021 | - |
| Plant, machinery and equipment23 | €1,185 | €946 | ▼ 20.2% |
| Financial fixed assets28 | €22,500 | €22,500 | = |
| Current assets29/58 | €60,254 | €42,196 | ▼ 30.0% |
| Stocks and contracts in progress3 | €30,210 | €35,644 | ▲ 18.0% |
| Stocks30/36 | €30,210 | €35,644 | ▲ 18.0% |
| Amounts receivable within one year40/41 | €9,611 | €2,042 | ▼ 78.8% |
| Trade receivables40 | €9,611 | €2,042 | ▼ 78.8% |
| Cash at bank and in hand54/58 | €20,433 | €4,510 | ▼ 77.9% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €83,939 | €75,663 | ▼ 9.9% |
| Equity10/15 | -€16,240 | -€122,117 | ▼ 652% |
| Contributions10/11 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€36,240 | -€142,117 | ▼ 292% |
| Amounts payable17/49 | €100,179 | €197,780 | ▲ 97.4% |
| Amounts payable within one year42/48 | €100,179 | €197,780 | ▲ 97.4% |
| Current portion of amounts payable after more than one year42 | €17,000 | - | - |
| Trade debts44 | €22,068 | €26,191 | ▲ 18.7% |
| Suppliers440/4 | €22,068 | €26,191 | ▲ 18.7% |
| Taxes, remuneration and social security45 | €23,578 | €82,617 | ▲ 250% |
| Taxes450/3 | €9,347 | €40,869 | ▲ 337% |
| Remuneration and social security454/9 | €14,231 | €41,748 | ▲ 193% |
| Other amounts payable47/48 | €37,533 | €88,972 | ▲ 137% |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€36,240 | -€105,877 | ▼ 192% |
| + Depreciation and write-downs630 | €10 | €2,092 | ▲ 20,820% |
| Operating cash flow (approximation) | -€36,230 | -€103,785 | ▼ 186% |
| Investment in fixed assets (approximation) | - | -€11,874 | - |
| Change in cash | - | -€15,923 | - |
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
2024
16-07
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise francophone de Bruxelles · event 09-07-2024
2023
10-10
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 02-10-2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
26-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 238 days late
SignalNBB filing
0 of 5 acts read
About the unread acts
We know of 5 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
5 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 | Lise HEILPORN CHAUSSEE DE LA HULPE 150,
1170 WATERMAEL-BOITSFORT |
02-10-2023 → 09-07-2024 |