THE TOUCH
InactiveTHE TOUCH was declared bankrupt on 20-07-2023 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed by liquidation by judgment of 15-10-2024, published in the Belgian State Gazette on 24-10-2024.
Summary
Inactive; last annual accounts for fiscal year 2021.
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 31-12-2022, 4 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
31-12-2022 close31-07-2023 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 17-10-2022, 78 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
78 d late
2020
86 d late
2019
24 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 63 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 2021, micro schema
Equity
€25,277▲ 245%
2020 · €7,329
Total assets
€34,947▲ 244%
2020 · €10,157
Net result
€17,948▲ 637%
2020 · €2,436
Working capital
€25,277▲ 245%
2020 · €7,329
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
Line2018201920202021
Operating result€12,227--€7,240€145€27,422▲ 18,827%
Net result€7,318--€7,337€2,436€17,948▲ 637%
Equity€12,230-€4,893▼ 60.0%€7,329▲ 49.8%€25,277▲ 245%
Total assets€37,224-€23,145▼ 37.8%€10,157▼ 56.1%€34,947▲ 244%
Debt€24,994-€18,252▼ 27.0%€2,828▼ 84.5%€9,670▲ 242%
Working capital€12,096-€4,893▼ 59.6%€7,329▲ 49.8%€25,277▲ 245%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2019 the operating result has climbed two years in a row; 2021 is 18,827% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Equity and liabilities €34,947
Equity
€25,277 ▲ 245%
Debt
€9,670 ▲ 242%
Debt's share of the balance-sheet total falls from 27.8% to 27.7%. Equity and debt are higher.
Key figures and ratios
Current ratio
3.61▲
2020 · 3.59
Debt to equity
0.38
ROE
71.0%▲
2020 · 33.2%
ROA
51.4%▲
2020 · 24.0%
Debt ≤ 1 year
€9,670▲
2020 · €2,828
Income taxes
€9,670▲
2020 · €632
Staff costs
€84
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €84 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €497 | €134 | - | - | - |
| Other operating charges640/8 | - | - | - | €348 | - |
| Gross operating margin9900 | €13,217 | -€5,895 | €817 | €27,853 | ▲ 3,311% |
| Operating profit (loss)9901 | €12,227 | -€7,240 | €145 | €27,422 | ▲ 18,827% |
| Financial income75/76B | - | - | - | €255 | - |
| Recurring financial income75 | €1 | - | €2,995 | €255 | ▼ 91.5% |
| Financial charges65/66B | - | - | - | €59 | - |
| Recurring financial charges65 | €147 | €97 | €72 | €59 | ▼ 17.7% |
| Profit (loss) for the period before taxes9903 | €12,081 | -€7,337 | €3,068 | €27,618 | ▲ 800% |
| Income taxes67/77 | €4,764 | - | €632 | €9,670 | ▲ 1,431% |
| Profit (loss) for the period9904 | €7,318 | -€7,337 | €2,436 | €17,948 | ▲ 637% |
| Profit (loss) for the period to be appropriated9905 | €7,318 | -€7,337 | €2,436 | €17,948 | ▲ 637% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €37,224 | €23,145 | €10,157 | €34,947 | ▲ 244% |
| Fixed assets21/28 | €134 | - | - | - | - |
| Tangible fixed assets22/27 | €134 | - | - | - | - |
| Current assets29/58 | €37,091 | €23,145 | €10,157 | €34,947 | ▲ 244% |
| Amounts receivable within one year40/41 | €34,278 | €21,563 | €8,858 | €34,888 | ▲ 294% |
| Trade receivables40 | - | - | - | €11,478 | - |
| Other amounts receivable41 | - | - | - | €23,410 | - |
| Cash at bank and in hand54/58 | €2,813 | €1,582 | €1,298 | €59 | ▼ 95.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €37,224 | €23,145 | €10,157 | €34,947 | ▲ 244% |
| Equity10/15 | €12,230 | €4,893 | €7,329 | €25,277 | ▲ 245% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | - |
| Reserves13 | €6,030 | €6,030 | €6,030 | €19,077 | ▲ 216% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - |
| Distributable reserves133 | - | - | - | €17,217 | - |
| Profit (loss) carried forward14 | -€1,646 | -€7,337 | -€4,901 | - | - |
| Amounts payable17/49 | €24,994 | €18,252 | €2,828 | €9,670 | ▲ 242% |
| Amounts payable within one year42/48 | €24,994 | €18,252 | €2,828 | €9,670 | ▲ 242% |
| Trade debts44 | €14,693 | €13,489 | €1,458 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €9,670 | - |
| Taxes450/3 | - | - | - | €9,670 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,318 | -€7,337 | €2,436 | €17,948 | ▲ 637% |
| + Depreciation and write-downs630 | €497 | €134 | - | - | - |
| Operating cash flow (approximation) | €7,814 | -€7,204 | €2,436 | €17,948 | ▲ 637% |
| Change in cash | - | -€1,230 | -€284 | -€1,240 | ▼ 337% |
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
24-10
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Gent · event 15-10-2024
2023
26-07
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 20-07-2023
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
31-12
Financial
Highest result since 2018net €17,948 ▲637%
Operating result €27,422, net result €17,948, both a record.
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 86 days late
2020
31-12
Financial
Back to profitnet €2,436
Net result €2,436 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 3.59
Current ratio from 1.27 to 3.59; short-term debt falls from €18,252 to €2,828.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
31-12
Financial
Weakest financial yearnet -€7,337
Net result drops to -€7,337, the lowest in the series.
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Show earlier events
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 25 days late
2015
10-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
31-10
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 92 days late
2013
16-07
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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 | WIM DE SCHUYMER HEERWEG-ZUID 2/001,
9052 ZWIJNAARDE |
20-07-2023 → 15-10-2024 |