TIER ONE
InactiveTIER ONE was declared bankrupt on 19-12-2024 (Ondernemingsrechtbank Leuven); the bankruptcy was closed for insufficient assets by judgment of 19-06-2025, published in the Belgian State Gazette on 24-06-2025.
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 · 3 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline29-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 25-07-2023, 6 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
6 d early
2021
30 d early
2020
37 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 24 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 2022, micro schema
Equity
€68,020▲ 47.2%
2021 · €46,203
Total assets
€89,894▲ 39.9%
2021 · €64,233
Net result
€21,817▼ 8.2%
2021 · €23,766
Working capital
€61,824▲ 46.9%
2021 · €42,079
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
Line202020212022
Operating result€27,899-€30,392▲ 8.9%€28,710▼ 5.5%
Net result€22,037-€23,766▲ 7.8%€21,817▼ 8.2%
Equity€23,237-€46,203▲ 98.8%€68,020▲ 47.2%
Total assets€36,765-€64,233▲ 74.7%€89,894▲ 39.9%
Debt€13,527-€18,030▲ 33.3%€21,874▲ 21.3%
Working capital€19,457-€42,079▲ 116%€61,824▲ 46.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2022; 2022 is 6% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €89,894
Fixed assets
€6,196 ▲ 50.2%
Current assets
€83,698 ▲ 39.2%
Equity and liabilities €89,894
Equity
€68,020 ▲ 47.2%
Debt
€21,874 ▲ 21.3%
Debt's share of the balance-sheet total falls from 28.1% to 24.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€31,204▼
2021 · €31,535
Cash flow
€24,311▼
2021 · €24,909
Current ratio
3.83▲
2021 · 3.33
Debt to equity
0.32▼
2021 · 0.39
ROE
32.1%▼
2021 · 51.4%
ROA
24.3%▼
2021 · 37.0%
Interest coverage
111.29▼
2021 · 229.46
Debt ≤ 1 year
€21,874▲
2021 · €18,030
Income taxes
€6,614▲
2021 · €6,494
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,071 | €1,143 | €2,494 | ▲ 118% |
| Other operating charges640/8 | - | €511 | €1,528 | ▲ 199% |
| Gross operating margin9900 | €29,970 | €32,046 | €32,731 | ▲ 2.1% |
| Operating profit (loss)9901 | €27,899 | €30,392 | €28,710 | ▼ 5.5% |
| Financial income75/76B | - | €5 | €1 | ▼ 79.6% |
| Recurring financial income75 | - | €5 | €1 | ▼ 79.6% |
| Financial charges65/66B | - | €137 | €280 | ▲ 104% |
| Recurring financial charges65 | €36 | €137 | €280 | ▲ 104% |
| Profit (loss) for the period before taxes9903 | €27,863 | €30,260 | €28,430 | ▼ 6.0% |
| Income taxes67/77 | €5,825 | €6,494 | €6,614 | ▲ 1.8% |
| Profit (loss) for the period9904 | €22,037 | €23,766 | €21,817 | ▼ 8.2% |
| Profit (loss) for the period to be appropriated9905 | €22,037 | €23,766 | €21,817 | ▼ 8.2% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €36,765 | €64,233 | €89,894 | ▲ 39.9% |
| Fixed assets21/28 | €3,780 | €4,124 | €6,196 | ▲ 50.2% |
| Tangible fixed assets22/27 | €3,780 | €4,124 | €6,196 | ▲ 50.2% |
| Plant, machinery and equipment23 | - | €2,738 | €3,420 | ▲ 24.9% |
| Furniture and vehicles24 | - | €1,386 | €2,776 | ▲ 100% |
| Current assets29/58 | €32,984 | €60,109 | €83,698 | ▲ 39.2% |
| Amounts receivable within one year40/41 | €19,363 | €30,501 | €66,303 | ▲ 117% |
| Trade receivables40 | - | €11,193 | €5,772 | ▼ 48.4% |
| Other amounts receivable41 | - | €19,308 | €60,532 | ▲ 214% |
| Cash at bank and in hand54/58 | €13,621 | €29,608 | €17,394 | ▼ 41.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €36,765 | €64,233 | €89,894 | ▲ 39.9% |
| Equity10/15 | €23,237 | €46,203 | €68,020 | ▲ 47.2% |
| Contributions10/11 | - | €2,000 | €2,000 | = |
| Reserves13 | €21,237 | €44,203 | €66,020 | ▲ 49.4% |
| Distributable reserves133 | - | €44,203 | €66,020 | ▲ 49.4% |
| Amounts payable17/49 | €13,527 | €18,030 | €21,874 | ▲ 21.3% |
| Amounts payable within one year42/48 | €13,527 | €18,030 | €21,874 | ▲ 21.3% |
| Trade debts44 | €1,247 | €3,217 | €5,870 | ▲ 82.5% |
| Suppliers440/4 | - | €3,217 | €5,870 | ▲ 82.5% |
| Taxes, remuneration and social security45 | - | €14,813 | €16,004 | ▲ 8.0% |
| Taxes450/3 | - | €14,813 | €16,004 | ▲ 8.0% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,037 | €23,766 | €21,817 | ▼ 8.2% |
| + Depreciation and write-downs630 | €2,071 | €1,143 | €2,494 | ▲ 118% |
| Operating cash flow (approximation) | €24,109 | €24,909 | €24,311 | ▼ 2.4% |
| Investment in fixed assets (approximation) | - | -€1,487 | -€4,566 | ▼ 207% |
| Change in cash | - | €15,987 | -€12,214 | ▼ 176% |
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
24-06
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Leuven · event 19-06-2025
2024
31-12
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · event 19-12-2024
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €21,817 ▼8.2%
Net result drops to €21,817, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2020net €23,766 ▲7.8%
Operating result €30,392, net result €23,766, both a record.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro 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 | MARTIN DION BONDGENOTENLAAN 167,
3000 LEUVEN |
19-12-2024 → 19-06-2025 |