THISCAL
InactiveTHISCAL was declared bankrupt on 24-01-2023 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 25-06-2024, published in the Belgian State Gazette on 01-07-2024.
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 · 8 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline25-09-2026 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 30-08-2022, 30 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
30 d late
2020
23 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Turnover
€88k
EBIT margin
-94.9%
Net result
€-83k
2020 · €4k
2018: €3k
2019: €56k▲ +1628% vs 2018highest in 4 years
2020: €4k▼ -92.2% vs 2019
2021: €-83k▼ -2006% vs 2020lowest in 4 years
2018 → 2021
Working capital
€-21k
2020 · €62k
2018: €1k
2019: €58k▲ +3874% vs 2018
2020: €62k▲ +7.6% vs 2019highest in 4 years
2021: €-21k▼ -134% vs 2020lowest in 4 years
2018 → 2021
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€88k
Equity€1k-€58k▲ 3,874%€62k▲ 7.6%€-21k
2018: €1k
2019: €58k▲ +3874% vs 2018
2020: €62k▲ +7.6% vs 2019highest in 4 years
2021: €-21k▼ -134% vs 2020lowest in 4 years
Operating result€10k-€77k▲ 651%€7k▼ 91.0%€-83k
2018: €10k
2019: €77k▲ +651% vs 2018highest in 4 years
2020: €7k▼ -91.0% vs 2019
2021: €-83k▼ -1299% vs 2020lowest in 4 years
Net result€3k-€56k▲ 1,628%€4k▼ 92.2%€-83k
2018: €3k
2019: €56k▲ +1628% vs 2018highest in 4 years
2020: €4k▼ -92.2% vs 2019
2021: €-83k▼ -2006% vs 2020lowest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €83k after €7k in 2020, the lowest result in the available series.
Key figures and ratios
Solvency
-76.2%▼
2020 · 42.2%
Current ratio
0.57▼
2020 · 1.73
Debt to equity
-2.31
ROA
-300.3%▼
2020 · 3.0%
Debt
€49k▼
2020 · €85k
Debt ≤ 1 year
€49k▼
2020 · €85k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 34 lines
Balance sheet
Code20202021
Assets
Total assets20/58€148k€28k▼
Current assets29/58€148k€28k▼
Amounts receivable within one year40/41€136k€16k▼
Trade receivables40-€15k
Other amounts receivable41-€1k
Cash at bank and in hand54/58€11k€10k▼
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€148k€28k▼
Equity10/15€62k€-21k▼
Contributions10/11-€19k
Outside capital11-€19k
Other1109/19-€19k
Reserves13€44k-
Profit (loss) carried forward14€-17k€-40k▼
Amounts payable17/49€85k€49k▼
Amounts payable within one year42/48€85k€49k▼
Trade debts44€44k€422▼
Suppliers440/4-€422
Taxes, remuneration and social security45-€25k
Taxes450/3-€25k
Other amounts payable47/48-€24k
Income statement
Code20202021
Turnover70-€88k
Goods, raw materials, services and sundry goods60/61-€69k
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€103k
Gross operating margin9900€8k€19k▲
Operating profit (loss)9901€7k€-83k▼
Financial charges65/66B-€90
Recurring financial charges65€1k€90▼
Profit (loss) for the period before taxes9903€6k€-83k▼
Income taxes67/77€1k-
Profit (loss) for the period9904€4k€-83k▼
Profit (loss) for the period to be appropriated9905€4k€-83k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-40k
Profit (loss) brought forward from the previous period14P-€44k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | - | - | €88k | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €69k | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €103k | - |
| Gross operating margin9900 | €-5k | €79k | €8k | €19k | ▲ 154% |
| Operating profit (loss)9901 | €10k | €77k | €7k | €-83k | ▼ 1,299% |
| Financial charges65/66B | - | - | - | €90 | - |
| Recurring financial charges65 | €401 | €237 | €1k | €90 | ▼ 93.0% |
| Profit (loss) for the period before taxes9903 | €10k | €77k | €6k | €-83k | ▼ 1,571% |
| Income taxes67/77 | €7k | €21k | €1k | - | - |
| Profit (loss) for the period9904 | €3k | €56k | €4k | €-83k | ▼ 2,006% |
| Profit (loss) for the period to be appropriated9905 | €3k | €56k | €4k | €-83k | ▼ 2,006% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €87k | €162k | €148k | €28k | ▼ 81.2% |
| Current assets29/58 | €87k | €162k | €148k | €28k | ▼ 81.2% |
| Amounts receivable within one year40/41 | €86k | €160k | €136k | €16k | ▼ 87.9% |
| Trade receivables40 | - | - | - | €15k | - |
| Other amounts receivable41 | - | - | - | €1k | - |
| Cash at bank and in hand54/58 | €2k | €3k | €11k | €10k | ▼ 5.7% |
| Deferred charges and accrued income490/1 | - | - | - | €1k | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €87k | €162k | €148k | €28k | ▼ 81.2% |
| Equity10/15 | €1k | €58k | €62k | €-21k | ▼ 134% |
| Contributions10/11 | €19k | - | - | €19k | - |
| Outside capital11 | - | - | - | €19k | - |
| Other1109/19 | - | - | - | €19k | - |
| Reserves13 | - | €39k | €44k | - | - |
| Profit (loss) carried forward14 | €-17k | €-20k | €-17k | €-40k | ▼ 132% |
| Amounts payable17/49 | €86k | €104k | €85k | €49k | ▼ 42.6% |
| Amounts payable within one year42/48 | €86k | €104k | €85k | €49k | ▼ 42.6% |
| Trade debts44 | €74k | €63k | €44k | €422 | ▼ 99.0% |
| Suppliers440/4 | - | - | - | €422 | - |
| Taxes, remuneration and social security45 | - | - | - | €25k | - |
| Taxes450/3 | - | - | - | €25k | - |
| Other amounts payable47/48 | - | - | - | €24k | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €56k | €4k | €-83k | ▼ 2,006% |
| Operating cash flow (approximation) | €3k | €56k | €4k | €-83k | ▼ 2,006% |
| Change in cash | - | €994 | €8k | €-604 | ▼ 108% |
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
01-07
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · event 25-06-2024
2023
30-01
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 24-01-2023
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet €-83k
Net result drops to €-83k, the lowest in the series.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Highest result since 2018net €56k ▲1,628%
Operating result €77k, net result €56k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
15-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 137 days late
20-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 324 days late
2015
24-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 24 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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 | CAROLINE DE LEPELEIRE KUNSTLAAN 24/9 A,
1000 BRUSSEL 1 |
24-01-2023 → 25-06-2024 |