TOGETHER CONNECTED
abbreviatedTOCOOpen bankruptcyA bankruptcy procedure is open for TOGETHER CONNECTED according to publications in the Belgian State Gazette; curator: SVEN DE MAESENEER.
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 · 2 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 25-07-2022, 6 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
6 d early
2020
24 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, abbreviated schema
Equity
€-1.66M
2020 · €97k
2020: €97k
2020 → 2021
Total assets
€99k▼ 93.7%
2020 · €1.57M
2020: €1.57M
2020 → 2021
Net result
€-1.75M▲ 7.9%
2020 · €-1.90M
2020: €-1.90M
2020 → 2021
Working capital
€-1.44M
2020 · €890k
2020: €890k
2020 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021Trend
Equity€97k-€-1.66M
Operating result€-1.86M-€-1.68M▲ 9.8%
Net result€-1.90M-€-1.75M▲ 7.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.68M in 2021 against €1.86M in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €99k
Fixed assets
€7k ▼ 98.5%
Current assets
€92k ▼ 91.7%
Key figures and ratios
EBITDA
€-1.53M▲
2020 · €-1.76M
Cash flow
€-1.60M▲
2020 · €-1.81M
Current ratio
0.06▼
2020 · 4.91
Debt to equity
-1.00▼
2020 · 12.39
Interest coverage
-21.08
Debt
€1.65M▲
2020 · €1.48M
Debt ≤ 1 year
€1.53M▲
2020 · €227k
Debt > 1 year
€0▼
2020 · €1.20M
Income taxes
€1k▲
2020 · €911
Staff costs
€190k
A ratio outside any meaningful range has been withheld (balance sheet total €99k, equity €-1.66M).
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 · 53 lines
Balance sheet
Code20202021
Assets
Total assets20/58€1.57M€99k▼
Fixed assets21/28€456k€7k▼
Intangible fixed assets21€444k€0▼
Tangible fixed assets22/27€6k€785▼
Plant, machinery and equipment23-€785
Financial fixed assets28€6k€6k=
Current assets29/58€1.12M€92k▼
Amounts receivable within one year40/41€70k€47k▼
Trade receivables40-€28k
Other amounts receivable41-€19k
Cash at bank and in hand54/58€1.03M€45k▼
Deferred charges and accrued income490/1-€0
Equity and liabilities
Total equity and liabilities10/49€1.57M€99k▼
Equity10/15€97k€-1.66M▼
Contributions10/11€1.35M€2.00M▲
Capital10-€1.35M
Issued capital100-€1.35M
Outside capital11-€649k
Share premium1100/10-€649k
Profit (loss) carried forward14€-1.90M€-3.66M▼
Provisions and deferred taxes16-€103k
Provisions for liabilities and charges160/5-€103k
Other liabilities and charges164/5-€103k
Amounts payable17/49€1.48M€1.65M▲
Amounts payable after more than one year17€1.20M€0▼
Other amounts payable178/9-€0
Amounts payable within one year42/48€227k€1.53M▲
Trade debts44€205k€153k▼
Suppliers440/4-€153k
Taxes, remuneration and social security45-€35k
Taxes450/3-€2k
Remuneration and social security454/9-€33k
Other amounts payable47/48-€1.34M
Accrued charges and deferred income492/3-€123k
Income statement
Code20202021
Remuneration, social security and pensions62-€190k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€98k€154k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€103k
Other operating charges640/8-€2k
Non-recurring operating charges66A-€668k
Gross operating margin9900€-1.52M€-563k▲
Operating profit (loss)9901€-1.86M€-1.68M▲
Financial income75/76B-€788
Recurring financial income75€333€788▲
Financial charges65/66B-€72k
Recurring financial charges65€27k€72k▲
Non-recurring financial charges66B-€0
Profit (loss) for the period before taxes9903€-1.90M€-1.75M▲
Income taxes67/77€911€1k▲
Profit (loss) for the period9904€-1.90M€-1.75M▲
Profit (loss) for the period to be appropriated9905€-1.90M€-1.75M▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-3.66M
Profit (loss) brought forward from the previous period14P-€-1.90M
Social balance
Average headcount (FTE)9087-2.9
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2022
17-08
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · TOGETHER CONNECTED NV DE KLEETLAAN 5/4, 1831- MACHELEN · event 09-08-2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
SignalNBB filing
Directors · office · real estate
Directors
9 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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | SVEN DE MAESENEER PEGASUSLAAN 5, 1831 DIEGEM- |
09-08-2022 → present |