Result
-€56,853 -€56,853
From profit to loss in 2020, after a profit of €7,780 in 2019.
THE OPEN IMMO
Overview
Lifetime
6 annual accounts with figures on one time axisGross marginpeak €549,200 (2019)
€349,770▼ 36.3%
Resultlowest -€56,853 (2020)
-€56,853▼ €64,633
Equitypeak €37,421 (2019)
-€19,432▼ €56,853
Debts
€269,228▼ 4.7%
Staffpeak 15.3 FTE (2018)
-not published
Board1 name since 2021
-
Documentsfilings and deeds
16-06-202145 days before the deadline
2020micro format
Gross margin from €549,200 to €349,770Loss of €56,853Equity from €37,421 to -€19,432Cash from €2,606 to €352
Key points
from the 2020 annual accounts, the last ones filedDebts
€269,228 108% of the balance sheet
Filings
6 annual accounts 3 late
The 2019 accounts came latest: 42 days after the end of the period.
No score
Recent changes
Bankruptcy closure (by liquidation)
French-language Enterprise Court of Brussels · judgment of 09-04-2024 · Bankruptcy
Bankruptcy published
French-language Enterprise Court of Brussels · judgment of 14-03-2022 · Bankruptcy
Resignation: Gaetan Vanhooff (technical director)
General meeting of 08-02-2021 · Gazette deed
Incorporation
12 publications in the Belgian Official Gazette, the last on 18-03-2022 · Gazette deed
Official details
Source: KBO- Status
- Inactivedeed of incorporation of 05-02-2015 · bankruptcy closed on 09-04-2024
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2020
- Gross margin
- €349,770▼ 36.3%
- Turnover
- ≈ €700,000estimated
- Loss
- €56,853
- Equity
- -€19,432
- Total assets
- €249,797▼ 21.9%
- Filing
- Filed on 16-06-2021
Insights on THE OPEN IMMO
Equity fell from €37,421 in 2019 to -€19,432 in 2020.
On 14 March 2022 the court declared THE OPEN IMMO bankrupt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2020
micro format, filed on 16-06-2021, 45 days before the deadlineGross margin
€349,770
▼ 36.3%
Operating result
-€56,137
▼ €67,272
Loss
-€56,853
▼ €64,633
Working capital
-€83,288
▼ €4,430
Solvency
-7.8%
▼ 19.5 percentage points
Current ratio
0.69
▼ 0.03
The turnover shown is an estimate from the gross margin.
Turnover ≈ €700,000. Estimated: probably between €490,000 and €1.0m.
Balance sheet
balance sheet total €249,797 on 31-12-2020What the company ownsHow it is paid for
Change in equityin euro
Change in cashin euro
Staff
Staff cost per FTE
Staff costs divided by the average number of full-time equivalents.
Joined and left
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
Total assets20/58 |
249,797 | 319,937 | 422,671 | 411,913 | 298,924 | 165,880 | |
Fixed assets21/28 |
63,857 | 116,280 | 204,793 | 194,680 | 167,065 | 153,755 | |
Intangible fixed assets21 |
59,246 | 111,310 | 201,814 | 193,572 | 165,587 | 153,755 | |
Tangible fixed assets22/27 |
4,541 | 4,900 | 2,979 | 1,108 | 1,478 | - | |
Plant, machinery and equipment23 |
1,746 | 2,797 | 2,240 | - | - | - | |
Furniture and vehicles24 |
239 | 689 | 739 | 1,108 | 1,478 | - | |
Other tangible fixed assets26 |
2,556 | 1,415 | - | - | - | - | |
Financial fixed assets28 |
70 | 70 | - | - | - | - | |
Current assets29/58 |
185,940 | 203,656 | 217,879 | 217,232 | 131,859 | 12,124 | |
Stocks and contracts in progress3 |
19,600 | 40,120 | 50,354 | - | - | - | |
Stocks30/36 |
19,600 | 40,120 | 50,354 | - | - | - | |
Amounts receivable within one year40/41 |
165,838 | 160,918 | 151,918 | 123,729 | 99,000 | - | |
Trade receivables40 |
160,918 | 160,918 | 151,918 | 120,000 | 99,000 | - | |
Other amounts receivable41 |
4,919 | - | - | 3,729 | - | - | |
Cash at bank and in hand54/58 |
352 | 2,606 | 12,896 | 809 | 24,708 | 12,124 | |
Deferred charges and accrued income490/1 |
150 | 12 | 2,711 | 92,694 | 8,151 | - | |
| Balance sheet: equity and liabilities | |||||||
Total equity and liabilities10/49 |
249,797 | 319,937 | 422,671 | 411,913 | 298,924 | 165,880 | |
Equity10/15 |
-19,432 | 37,421 | 23,441 | 22,466 | 18,227 | 18,130 | |
Contributions10/11 |
18,600 | 18,600 | 12,400 | 12,400 | 12,400 | 12,400 | |
Issued capital100 |
- | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
Uncalled capital101 |
- | 0 | 6,200 | 6,200 | 6,200 | 6,200 | |
Contributions outside capital11 |
18,600 | - | - | - | - | - | |
Share premium1100/10 |
18,600 | - | - | - | - | - | |
Profit (loss) carried forward14 |
-38,032 | 18,821 | 11,041 | 10,066 | 5,827 | 5,730 | |
Amounts payable17/49 |
269,228 | 282,515 | 399,230 | 389,446 | 280,697 | 147,750 | |
Amounts payable after more than one year17 |
- | - | 31,861 | 63,311 | - | - | |
Financial debts170/4 |
- | - | 31,861 | 63,311 | - | - | |
Amounts payable within one year42/48 |
269,228 | 282,515 | 367,369 | 326,136 | 280,697 | 127,750 | |
Current portion of amounts payable after more than one year42 |
2,396 | 31,861 | 34,160 | 36,287 | - | - | |
Trade debts44 |
123,658 | 125,428 | 153,767 | 151,630 | 24,648 | 348 | |
Suppliers440/4 |
123,658 | 125,428 | 153,767 | 151,630 | 24,648 | 348 | |
Taxes, remuneration and social security45 |
102,320 | 44,835 | 56,415 | 85,825 | 24,060 | - | |
Taxes450/3 |
101,863 | 16,081 | 7,110 | 33,627 | 20,909 | - | |
Remuneration and social security454/9 |
456 | 28,755 | 49,304 | 52,198 | 3,151 | - | |
Other amounts payable47/48 |
40,855 | 80,391 | 123,028 | 52,393 | 231,989 | 127,402 | |
Accrued charges and deferred income492/3 |
- | - | - | - | - | 20,000 | |
| Income statement | |||||||
Gross operating margin9900 |
349,770 | 549,200 | 524,676 | 504,859 | 114,921 | 50,835 | |
Remuneration, social security and pensions62 |
230,883 | 430,086 | 408,588 | 313,274 | 48,772 | - | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
53,793 | 92,160 | 91,433 | 71,124 | 51,376 | 38,439 | |
Other operating charges640/8 |
121,231 | 15,818 | 1,612 | 107,024 | 7,489 | - | |
Operating profit (loss)9901 |
-56,137 | 11,135 | 23,044 | 13,437 | 7,284 | 12,397 | |
Financial income75/76B |
- | 3 | - | - | 5 | - | |
Recurring financial income75 |
- | 3 | - | - | 5 | - | |
Financial charges65/66B |
716 | 1,116 | 18,919 | 8,619 | 5,063 | 6,667 | |
Recurring financial charges65 |
716 | 1,116 | 18,919 | 8,619 | 5,063 | 6,667 | |
Profit (loss) for the period before taxes9903 |
-56,853 | 10,022 | 4,125 | 4,818 | 2,227 | 5,730 | |
Income taxes67/77 |
- | 2,242 | 3,150 | 578 | 2,130 | - | |
Profit (loss) for the period9904 |
-56,853 | 7,780 | 975 | 4,240 | 97 | 5,730 | |
Profit (loss) for the period to be appropriated9905 |
-56,853 | 7,780 | 975 | 4,240 | 97 | 5,730 | |
| Appropriation of the result | |||||||
Profit (loss) to be appropriated9906 |
-38,032 | 18,821 | 11,041 | 10,066 | 5,827 | 5,730 | |
| Social balance sheet | |||||||
Average staff (FTE)9087 |
- | 13.6 | 15.3 | - | - | - | |
Hours worked1013 |
- | 19,456 | 19,731 | - | - | - | |
| Document | |||||||
Source: Annual accounts 2020 (PDF), filed on 16-06-2021.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2020 | micro format | 16-06-2021 | 2021-21600207 | |
| 31-12-2019 | micro format | 11-09-2020 | 2020-53000380 | |
| 31-12-2018 | full format | 28-08-2019 | 2019-58600254 | |
| 31-12-2017 | full format | 24-07-2018 | 2018-37700469 | |
| 31-12-2016 | full format | 29-06-2017 | 2017-24900352 | |
| 31-12-2015 | full format | 29-08-2016 | 2016-52300046 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|
| EBITDA | -2,344 | 103,295 | 114,476 | 84,561 | 58,660 | 50,835 | |
| Cash flow | -3,060 | 99,940 | 92,408 | 75,363 | 51,473 | 44,169 | |
| Investment in fixed assets | 1,370 | 3,648 | 101,545 | 98,739 | 64,685 | 192,194 | |
| Change in cash | -2,254 | -10,290 | 12,087 | -23,899 | 12,584 | - | |
| Working capital | -83,288 | -78,859 | -149,491 | -108,903 | -148,838 | -115,625 | |
| Solvency | -7.8% | 11.7% | 5.5% | 5.5% | 6.1% | 10.9% | |
| Current ratio | 0.69 | 0.72 | 0.59 | 0.67 | 0.47 | 0.09 | |
| Quick ratio | 0.62 | 0.58 | 0.46 | 0.67 | 0.47 | 0.09 | |
| Debt to equity | - | 7.55 | 17.03 | 17.33 | 15.40 | 8.15 | |
| ROE | - | 20.8% | 4.2% | 18.9% | 0.5% | 31.6% | |
| ROA | -22.8% | 2.4% | 0.2% | 1.0% | 0.0% | 3.5% |
EBIT margin: not included in this filing.
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on THE OPEN IMMO
The operating result for 2020 is a loss of €56,137, after a profit of €11,135 in 2019. It is the lowest result since 2015.
Equity is negative. Debt (€269,228) exceeds the balance-sheet total (€249,797).
Board & ownership
Curator
1 mandateCurator, Avenue De La Toison D’Or 77, 1060 Bruxelles 6
from 14-03-2022 to 09-04-2024
Also on 211 other cases
Mandates through the years
1 name, the dashed line is todayGaetan Vanhooff
Technical director
Technical director
Earliermandate already running before its first mentionBankruptcy 14-03-2022
Mandates as a list
- Gaetan Vanhooff
- Technical director, until 07-07-2021
Control
Capital
- Capital
- €18,600
- Source
- 2019 annual accounts
Timeline
Timeline
12 events since 2015Board
Filings
Financial
Insolvency
201620182020202220242026
2024
Bankruptcy closure (by liquidation) French-language Enterprise Court of Brussels · judgment of 09-04-2024
2022
Bankruptcy published French-language Enterprise Court of Brussels · judgment of 14-03-2022
2021
Resignation: Gaetan Vanhooff (technical director)General meeting of 08-02-20212 points ▸
- General meeting, 08-02-2021
- Director resignation, Gaetan Vanhooff (technical director)
Annual accounts 2020 filed PDFmicro format · 45 days before the deadline
2020
Weakest financial year net -€56,853 The net result drops to -€56,853, the lowest from 2015 to 2020.
Annual accounts 2019 filed PDFmicro format · 42 days late
2019
Highest result from 2015 to 2020 net €7,780 ▲698% The net result of €7,780 is the highest of those years.
Annual accounts 2018 filed PDFfull format · 28 days late
2018
Annual accounts 2017 filed PDFfull format · 7 days before the deadline
2017
Annual accounts 2016 filed PDFfull format · 32 days before the deadline
2016
Annual accounts 2015 filed PDFfull format · 29 days late
2015
Incorporation PDF12 publications in the Belgian Official Gazette, the last on 18-03-2022
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
THE OPEN IMMO is no longer in the KBO register.
- Last annual accounts
- financial year to 31 December 2020
- Last registered office
- Rue Des Aduatiques 121, 1040 Etterbeekas published on 7 July 2021
- Legal form
- Private limited company
- First annual accounts
- financial year 2015