TOWN ²
Open bankruptcyA bankruptcy procedure is open for TOWN ² according to publications in the Belgian State Gazette; curator: CHRISTOPHE BAUDOUX.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four 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 31-07-2022, 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 · 10 filingsPosition against the passed deadline
31-07-2022 close28-02-2023 deadline23-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-07-2021 was due by 28-02-2022 and was filed on 28-02-2022, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
on the day
2020
1 d early
2019
18 d early
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-7k▲ 86.2%
2020 · €-50k
2019: €-98k
2020: €-50k
2019 → 2021
Working capital
€14k▼ 35.6%
2020 · €21k
2019: €9k
2020: €21k
2019 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202021Trend
Equity€-73k-€-123k▼ 68.5%€-130k▼ 5.6%
Operating result€-91k-€-43k▲ 52.5%€-7k▲ 84.7%
Net result€-98k-€-50k▲ 48.6%€-7k▲ 86.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7k in 2021 against €43k in 2020; the loss shrinks.
Key figures and ratios
Solvency
-530.4%▲
2020 · -557.1%
Current ratio
2.26▼
2020 · 24.81
Quick ratio
2.26▼
2020 · 24.81
Debt / equity
-1.11▲
2020 · -1.17
ROA
-28.3%▲
2020 · -226.4%
Debt
€155k▲
2020 · €146k
Debt ≤ 1 year
€11k▲
2020 · €893
Debt > 1 year
€144k=
2020 · €144k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€22k€25k▲
Current assets29/58€22k€25k▲
Amounts receivable within one year40/41€18k€18k▲
Cash at bank and in hand54/58€5k€7k▲
Equity and liabilities
Total equity and liabilities10/49€22k€25k▲
Equity10/15€-123k€-130k▼
Contributions10/11€62k€62k=
Reserves13€25k€25k=
Profit (loss) carried forward14€-210k€-217k▼
Amounts payable17/49€146k€155k▲
Amounts payable after more than one year17€144k€144k=
Amounts payable within one year42/48€893€11k▲
Trade debts44€893€11k▲
Income statement
Code20202021
Gross operating margin9900€633€4k▲
Operating profit (loss)9901€-43k€-7k▲
Recurring financial income75€7-
Recurring financial charges65€3k€332▼
Profit (loss) for the period before taxes9903€-46k€-7k▲
Income taxes67/77€4k-
Profit (loss) for the period9904€-50k€-7k▲
Profit (loss) for the period to be appropriated9905€-50k€-7k▲
Timeline · acts, filings and financial milestones
2022
30-06
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · TOWN 2 SA RUE D’ALCONVAL 61, 1420 BRAINE-L’ALLEUD · event 13-06-2022
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
Financial
Liquidity times 24current ratio 24.81
Current ratio from 1.05 to 24.81; short-term debt falls from €204k to €893.
24-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 361 days late
11-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
20-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
21-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
25-02
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
11-03
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 11 days late
2014
19-03
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 19 days late
2013
04-03
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 4 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
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 | CHRISTOPHE BAUDOUX RUE DE CLAIRVAUX 40,
1348 LOUVAIN-LA-NEUVE |
13-06-2022 → present |