TANDEMWINGS
InactiveTANDEMWINGS was declared bankrupt on 07-05-2024 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 23-09-2025, published in the Belgian State Gazette on 30-09-2025.
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 31-12-2023, 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 · 4 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 21-09-2023, 52 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
52 d late
2021
4 d late
2020
32 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 6 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, micro schema
Equity
€1,721▼ 74.9%
2021 · €6,844
Total assets
€7,602▼ 18.8%
2021 · €9,358
Net result
-€5,123▲ 10.7%
2021 · -€5,736
Working capital
€1,137▼ 80.7%
2021 · €5,899
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€9,050--€11,572-€5,629▲ 51.4%-€4,966▲ 11.8%
Net result€5,923--€11,943-€5,736▲ 52.0%-€5,123▲ 10.7%
Equity€24,523-€12,580▼ 48.7%€6,844▼ 45.6%€1,721▼ 74.9%
Total assets€31,764-€15,968▼ 49.7%€9,358▼ 41.4%€7,602▼ 18.8%
Debt€7,241-€3,388▼ 53.2%€2,514▼ 25.8%€5,881▲ 134%
Working capital€23,463-€11,798▼ 49.7%€5,899▼ 50.0%€1,137▼ 80.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4,966 in 2022 against €5,629 in 2021; the loss shrinks.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €7,602
Fixed assets
€584 ▼ 38.2%
Current assets
€7,017 ▼ 16.6%
Equity and liabilities €7,602
Equity
€1,721 ▼ 74.9%
Debt
€5,881 ▲ 134%
Debt's share of the balance-sheet total rises from 26.9% to 77.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€4,605▲
2021 · -€5,272
Cash flow
-€4,762▲
2021 · -€5,378
Current ratio
1.19▼
2021 · 3.35
Debt to equity
3.42▲
2021 · 0.37
ROE
-297.7%▼
2021 · -83.8%
ROA
-67.4%▼
2021 · -61.3%
Interest coverage
-36.62▲
2021 · -103.37
Debt ≤ 1 year
€5,881▲
2021 · €2,514
Income taxes
€211▲
2021 · €185
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 |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,560 | €278 | €358 | €361 | ▲ 0.9% |
| Other operating charges640/8 | - | - | €0 | - | - |
| Gross operating margin9900 | €12,141 | -€10,891 | -€5,272 | -€4,605 | ▲ 12.7% |
| Operating profit (loss)9901 | €9,050 | -€11,572 | -€5,629 | -€4,966 | ▲ 11.8% |
| Financial income75/76B | - | - | €129 | €180 | ▲ 39.3% |
| Recurring financial income75 | - | €281 | €129 | €180 | ▲ 39.3% |
| Financial charges65/66B | - | - | €51 | €126 | ▲ 147% |
| Recurring financial charges65 | €81 | €480 | €51 | €126 | ▲ 147% |
| Profit (loss) for the period before taxes9903 | €8,969 | -€11,770 | -€5,551 | -€4,911 | ▲ 11.5% |
| Income taxes67/77 | €3,046 | €173 | €185 | €211 | ▲ 14.5% |
| Profit (loss) for the period9904 | €5,923 | -€11,943 | -€5,736 | -€5,123 | ▲ 10.7% |
| Profit (loss) for the period to be appropriated9905 | €5,923 | -€11,943 | -€5,736 | -€5,123 | ▲ 10.7% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €31,764 | €15,968 | €9,358 | €7,602 | ▼ 18.8% |
| Fixed assets21/28 | €1,060 | €781 | €945 | €584 | ▼ 38.2% |
| Tangible fixed assets22/27 | €910 | €631 | €795 | €434 | ▼ 45.4% |
| Furniture and vehicles24 | - | - | €795 | €434 | ▼ 45.4% |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | = |
| Current assets29/58 | €30,704 | €15,186 | €8,413 | €7,017 | ▼ 16.6% |
| Amounts receivable after more than one year29 | - | - | €4,000 | €4,000 | = |
| Other amounts receivable291 | - | - | €4,000 | €4,000 | = |
| Amounts receivable within one year40/41 | €7,372 | €2,776 | €3,169 | €2,908 | ▼ 8.2% |
| Trade receivables40 | - | - | €43 | €1,551 | ▲ 3,529% |
| Other amounts receivable41 | - | - | €3,126 | €1,357 | ▼ 56.6% |
| Cash at bank and in hand54/58 | €22,616 | €7,898 | €1,238 | €109 | ▼ 91.2% |
| Deferred charges and accrued income490/1 | - | - | €6 | €0 | ▼ 100% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €31,764 | €15,968 | €9,358 | €7,602 | ▼ 18.8% |
| Equity10/15 | €24,523 | €12,580 | €6,844 | €1,721 | ▼ 74.9% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | = |
| Reserves13 | €5,923 | €0 | - | - | - |
| Profit (loss) carried forward14 | - | -€6,020 | -€11,756 | -€16,879 | ▼ 43.6% |
| Amounts payable17/49 | €7,241 | €3,388 | €2,514 | €5,881 | ▲ 134% |
| Amounts payable within one year42/48 | €7,241 | €3,388 | €2,514 | €5,881 | ▲ 134% |
| Trade debts44 | €4,119 | €3,075 | €2,157 | €4,695 | ▲ 118% |
| Suppliers440/4 | - | - | €2,157 | €4,695 | ▲ 118% |
| Taxes, remuneration and social security45 | - | - | €358 | €1,186 | ▲ 232% |
| Taxes450/3 | - | - | €358 | €1,186 | ▲ 232% |
| Other amounts payable47/48 | - | - | €0 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,923 | -€11,943 | -€5,736 | -€5,123 | ▲ 10.7% |
| + Depreciation and write-downs630 | €2,560 | €278 | €358 | €361 | ▲ 0.9% |
| Operating cash flow (approximation) | €8,483 | -€11,665 | -€5,378 | -€4,762 | ▲ 11.5% |
| Investment in fixed assets (approximation) | - | €0 | -€521 | €0 | ▲ 100% |
| Change in cash | - | -€14,718 | -€6,660 | -€1,129 | ▲ 83.1% |
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
30-09
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · event 23-09-2025
2024
14-05
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 07-05-2024
2023
21-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 52 days late
2022
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€11,943
Net result drops to -€11,943, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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 | DORIEN AVAUX V. NONNEMANSSTRAAT 15B,
1600 SINT-PIETERS-LEEUW |
07-05-2024 → 23-09-2025 |