THIN ICE
InactiveTHIN ICE was declared bankrupt on 04-07-2023 (Ondernemingsrechtbank Antwerpen, afdeling Turnhout); the bankruptcy was closed for insufficient assets by judgment of 30-01-2024, published in the Belgian State Gazette on 05-02-2024.
Summary
Inactive; last annual accounts for fiscal year 2019.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 9 filingsPosition against the passed deadline
31-12-2020 close31-07-2021 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 29-06-2020, 32 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its 2019 accounts 32 days before 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 2019, micro schema
Equity
€36,219▲ 38.1%
2018 · €26,233
Total assets
€36,451▼ 10.1%
2018 · €40,565
Net result
-€2,415▲ 72.2%
2018 · -€8,686
Working capital
€36,219▲ 62.6%
2018 · €22,276
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
Line20182019
Operating result-€7,637--€2,333▲ 69.5%
Net result-€8,686--€2,415▲ 72.2%
Equity€26,233-€36,219▲ 38.1%
Total assets€40,565-€36,451▼ 10.1%
Debt€14,331-€232▼ 98.4%
Working capital€22,276-€36,219▲ 62.6%
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 €2,333 in 2019 against €7,637 in 2018; the loss shrinks.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Equity and liabilities €36,451
Equity
€36,219 ▲ 38.1%
Debt
€232 ▼ 98.4%
Debt's share of the balance-sheet total falls from 35.3% to 0.6%. Equity is higher and debt is lower.
Key figures and ratios
ROE
-6.7%▲
2018 · -33.1%
ROA
-6.6%▲
2018 · -21.4%
Debt ≤ 1 year
€232▼
2018 · €14,331
A ratio outside any meaningful range has been withheld (balance sheet total €36,451, equity €36,219).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,319 | - | - |
| Gross operating margin9900 | -€5,816 | -€1,794 | ▲ 69.2% |
| Operating profit (loss)9901 | -€7,637 | -€2,333 | ▲ 69.5% |
| Recurring financial income75 | - | €0 | - |
| Recurring financial charges65 | €1,049 | €82 | ▼ 92.2% |
| Profit (loss) for the period before taxes9903 | -€8,686 | -€2,415 | ▲ 72.2% |
| Profit (loss) for the period9904 | -€8,686 | -€2,415 | ▲ 72.2% |
| Profit (loss) for the period to be appropriated9905 | -€8,686 | -€2,415 | ▲ 72.2% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €40,565 | €36,451 | ▼ 10.1% |
| Fixed assets21/28 | €3,957 | - | - |
| Tangible fixed assets22/27 | €3,957 | - | - |
| Current assets29/58 | €36,608 | €36,451 | ▼ 0.4% |
| Amounts receivable within one year40/41 | €8,082 | €36,451 | ▲ 351% |
| Cash at bank and in hand54/58 | €28,526 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €40,565 | €36,451 | ▼ 10.1% |
| Equity10/15 | €26,233 | €36,219 | ▲ 38.1% |
| Contributions10/11 | €6,200 | €18,600 | ▲ 200% |
| Reserves13 | €20,033 | €17,619 | ▼ 12.1% |
| Amounts payable17/49 | €14,331 | €232 | ▼ 98.4% |
| Amounts payable within one year42/48 | €14,331 | €232 | ▼ 98.4% |
| Trade debts44 | €965 | €232 | ▼ 76.0% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€8,686 | -€2,415 | ▲ 72.2% |
| + Depreciation and write-downs630 | €1,319 | - | - |
| Operating cash flow (approximation) | -€7,367 | -€2,415 | ▲ 67.2% |
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
05-02
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 30-01-2024
2023
27-07
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 04-07-2023
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity times 62current ratio 157.11
Current ratio from 2.55 to 157.11; short-term debt falls from €14,331 to €232.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 10 days late
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
15-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
20-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
25-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
02-07
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
23-07
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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 | CHRISTOPHE GEUKENS LINDESTRAAT 2, 2490 BALEN- |
04-07-2023 → 30-01-2024 |