TK SALES
InactiveTK SALES was declared bankrupt on 29-11-2022 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 27-02-2024, published in the Belgian State Gazette on 05-03-2024.
Summary
Inactive; last annual accounts for fiscal year 2020.
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 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 5 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline29-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 31-08-2021, 31 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
31 d late
2019
93 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 62 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 2020, micro schema
Turnover
€484,393▲ 1,267%
2019 · €35,428
EBIT margin
-1.9%▼ 2.1pp
2019 · 0.2%
Net result
-€9,606▼ 50,141%
2019 · -€19
Working capital
€9,897▼ 51.7%
2019 · €20,510
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
Line201820192020
Turnover€52,910-€35,428▼ 33.0%€484,393▲ 1,267%
Operating result€1,793-€69▼ 96.1%-€9,339
Net result€930--€19-€9,606▼ 50,141%
EBIT margin3.4%-0.2%▼ 3.2pp-1.9%▼ 2.1pp
Equity€20,529-€20,510▼ 0.1%€10,904▼ 46.8%
Total assets€63,453-€55,141▼ 13.1%€115,751▲ 110%
Debt€42,924-€34,631▼ 19.3%€104,847▲ 203%
Working capital€20,529-€20,510▼ 0.1%€9,897▼ 51.7%
Staff (FTE)6.8
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 2020: a loss of €9,339 after €69 in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €115,751
Fixed assets
€1,007
Current assets
€114,744
Equity and liabilities €115,751
Equity
€10,904 ▼ 46.8%
Debt
€104,847 ▲ 203%
Debt's share of the balance-sheet total rises from 62.8% to 90.6%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.09▼
2019 · 1.59
ROE
-88.1%▼
2019 · -0.1%
ROA
-8.3%▼
2019 · 0.0%
Debt ≤ 1 year
€104,847▲
2019 · €34,631
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Turnover70 | €52,910 | €35,428 | €484,393 | ▲ 1,267% |
| Gross operating margin9900 | €1,891 | €186 | €19,058 | ▲ 10,148% |
| Operating profit (loss)9901 | €1,793 | €69 | -€9,339 | ▼ 13,572% |
| Recurring financial charges65 | €863 | €88 | €267 | ▲ 202% |
| Profit (loss) for the period before taxes9903 | €930 | -€19 | -€9,606 | ▼ 50,141% |
| Profit (loss) for the period9904 | €930 | -€19 | -€9,606 | ▼ 50,141% |
| Profit (loss) for the period to be appropriated9905 | €930 | -€19 | -€9,606 | ▼ 50,141% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €63,453 | €55,141 | €115,751 | ▲ 110% |
| Fixed assets21/28 | - | - | €1,007 | - |
| Financial fixed assets28 | - | - | €1,007 | - |
| Current assets29/58 | €63,453 | €55,141 | €114,744 | ▲ 108% |
| Amounts receivable within one year40/41 | €35,036 | €27,751 | €92,815 | ▲ 234% |
| Cash at bank and in hand54/58 | €28,417 | €18,665 | €20,988 | ▲ 12.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €63,453 | €55,141 | €115,751 | ▲ 110% |
| Equity10/15 | €20,529 | €20,510 | €10,904 | ▼ 46.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €69 | €50 | -€9,556 | ▼ 19,174% |
| Amounts payable17/49 | €42,924 | €34,631 | €104,847 | ▲ 203% |
| Amounts payable within one year42/48 | €42,924 | €34,631 | €104,847 | ▲ 203% |
| Trade debts44 | €26,874 | €20,554 | €8,936 | ▼ 56.5% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €930 | -€19 | -€9,606 | ▼ 50,141% |
| Operating cash flow (approximation) | €930 | -€19 | -€9,606 | ▼ 50,141% |
| Change in cash | - | -€9,752 | €2,323 | ▲ 124% |
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
05-03
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · event 27-02-2024
2022
05-12
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 29-11-2022
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€9,606
Net result drops to -€9,606, the lowest in the series.
01-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 93 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
09-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 282 days late
2018
24-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 511 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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 | WARD VAN MELDERT KUNSTLAAN 24/9B,
1000 BRUSSEL 1 |
29-11-2022 → 27-02-2024 |