TRAINDEVIE
InactiveTRAINDEVIE was declared bankrupt on 04-07-2023 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed for insufficient assets by judgment of 11-02-2025, published in the Belgian Official Gazette on 18-02-2025.
Summary
Inactive; last annual accounts for financial year 2021.
Overview
Activity
Activity not known
Size
€15,409total assets 2021
- Equity
- €6,473
- Profit
- €3,128
Turnover not published (micro format)
Financial health
Inactive: no score
Structure
0 of 4 deeds read
Signalsraises riskTwo or more financial years not filedneutralPrior bankruptcyLatest accounts filed on timeShow the evidence
Signals
Three signals.
raises riskneutral
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 · 6 filingsPosition against the passed deadline
31-12-2022 year end31-07-2023 deadline20-10-2026 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 15-07-2022, 16 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2021
16 days early
2020
22 days early
2019
91 days late
2018
30 days late
2017
31 days late
2016
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 24 days after the deadline; the Belgian median for financial year 2021 is 3 days before the deadline, and 44% of all filings were late.
Searched, nothing found (1)
- Bankruptcy closure (insufficient assets)Enterprise Court of Ghent, Ghent…
- OpeningEnterprise Court of Ghent, Ghent…
- Annual accounts filedfinancial year 2021 · micro…
Financials · financial year 2021, micro format
Equity
€6,473▲ 93.5%
2020 · €3,346
Total assets
€15,409▼ 0.8%
2020 · €15,541
Net result
€3,128▼ 50.4%
2020 · €6,308
Working capital
€5,155▲ 481%
2020 · €887
Trend over the years
2018 to 2021, 4 financial years 2018 to 2021, 4 financial years
The operating result falls in 2021; 2021 is 35% below 2020.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€5,346
2021
Net result€3,128
2021
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€15,409
2021
Equity€6,473
2021
Debt€8,936
2021
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€5,155
2021
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result-€5,069-€5,902€8,242▲ 39.6%€5,346▼ 35.1%
Net result-€5,513-€5,435€6,308▲ 16.1%€3,128▼ 50.4%
Equity-€8,398--€2,962▲ 64.7%€3,346€6,473▲ 93.5%
Total assets€6,464-€10,060▲ 55.6%€15,541▲ 54.5%€15,409▼ 0.8%
Debt€14,861-€13,023▼ 12.4%€12,195▼ 6.4%€8,936▼ 26.7%
Working capital-€8,321--€6,706▲ 19.4%€887€5,155▲ 481%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €15,409
Fixed assets
€1,606 ▼ 61.4%
Current assets
€13,803 ▲ 21.3%
Equity and liabilities €15,409
Equity
€6,473 ▲ 93.5%
Debt
€8,936 ▼ 26.7%
Debt's share of the balance-sheet total falls from 78.5% to 58.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€6,035▼
2020 · €10,390
Cash flow
€3,816▼
2020 · €8,456
Current ratio
1.60▲
2020 · 1.08
Debt to equity
1.38▲
2020 · 0.45
ROE
48.3%▼
2020 · 188.5%
ROA
20.3%▼
2020 · 40.6%
Interest coverage
16.37
Debt ≤ 1 year
€8,648▼
2020 · €10,491
Debt > 1 year
€0▼
2020 · €1,505
Income taxes
€1,853▲
2020 · €1,531
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €998 | €2,869 | €2,148 | €689 | ▼ 67.9% |
| Other operating charges640/8 | - | - | - | €859 | - |
| Non-recurring operating charges66A | - | - | - | €1,124 | - |
| Gross operating margin9900 | -€3,430 | €9,550 | €13,583 | €8,018 | ▼ 41.0% |
| Operating profit (loss)9901 | -€5,069 | €5,902 | €8,242 | €5,346 | ▼ 35.1% |
| Financial income75/76B | - | - | - | €3 | - |
| Recurring financial income75 | €85 | €1 | €0 | €3 | ▲ 31,600% |
| Financial charges65/66B | - | - | - | €369 | - |
| Recurring financial charges65 | €530 | €468 | €404 | €369 | ▼ 8.7% |
| Profit (loss) for the period before taxes9903 | -€5,513 | €5,435 | €7,839 | €4,981 | ▼ 36.5% |
| Income taxes67/77 | - | - | €1,531 | €1,853 | ▲ 21.1% |
| Profit (loss) for the period9904 | -€5,513 | €5,435 | €6,308 | €3,128 | ▼ 50.4% |
| Profit (loss) for the period to be appropriated9905 | -€5,513 | €5,435 | €6,308 | €3,128 | ▼ 50.4% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €6,464 | €10,060 | €15,541 | €15,409 | ▼ 0.8% |
| Fixed assets21/28 | €1,311 | €8,391 | €4,164 | €1,606 | ▼ 61.4% |
| Tangible fixed assets22/27 | €1,311 | €8,391 | €4,164 | €1,606 | ▼ 61.4% |
| Furniture and vehicles24 | - | - | - | €1,606 | - |
| Current assets29/58 | €5,152 | €1,670 | €11,377 | €13,803 | ▲ 21.3% |
| Amounts receivable within one year40/41 | €4,887 | €1,337 | €8,004 | €6,835 | ▼ 14.6% |
| Trade receivables40 | - | - | - | €6,835 | - |
| Other amounts receivable41 | - | - | - | €0 | - |
| Cash at bank and in hand54/58 | €9 | €269 | €2,493 | €6,715 | ▲ 169% |
| Deferred charges and accrued income490/1 | - | - | - | €253 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €6,464 | €10,060 | €15,541 | €15,409 | ▼ 0.8% |
| Equity10/15 | -€8,398 | -€2,962 | €3,346 | €6,473 | ▲ 93.5% |
| Contributions10/11 | €18,550 | €18,550 | - | €18,550 | - |
| Profit (loss) carried forward14 | -€26,948 | -€21,512 | -€15,204 | -€12,077 | ▲ 20.6% |
| Amounts payable17/49 | €14,861 | €13,023 | €12,195 | €8,936 | ▼ 26.7% |
| Amounts payable after more than one year17 | €1,188 | €4,447 | €1,505 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | €0 | - |
| Amounts payable within one year42/48 | €13,473 | €8,375 | €10,491 | €8,648 | ▼ 17.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0 | - |
| Trade debts44 | €3,038 | €1,061 | €2,341 | €1,380 | ▼ 41.1% |
| Suppliers440/4 | - | - | - | €1,380 | - |
| Taxes, remuneration and social security45 | - | - | - | €6,512 | - |
| Taxes450/3 | - | - | - | €6,512 | - |
| Other amounts payable47/48 | - | - | - | €756 | - |
| Accrued charges and deferred income492/3 | - | - | - | €288 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,513 | €5,435 | €6,308 | €3,128 | ▼ 50.4% |
| + Depreciation and write-downs630 | €998 | €2,869 | €2,148 | €689 | ▼ 67.9% |
| Operating cash flow (approximation) | -€4,516 | €8,304 | €8,456 | €3,816 | ▼ 54.9% |
| Investment in fixed assets (approximation) | - | -€9,948 | €2,079 | €1,869 | ▼ 10.1% |
| Change in cash | - | €260 | €2,224 | €4,222 | ▲ 89.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2021 | micro format | 15-07-2022 | 2022-20189817 |
| 31-12-2020 | micro format | 09-07-2021 | 2021-33900497 |
| 31-12-2019 | micro format | 30-10-2020 | 2020-67800096 |
| 31-12-2018 | micro format | 30-08-2019 | 2019-60100502 |
| 31-12-2017 | micro format | 31-08-2018 | 2018-59400311 |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-58600410 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 0 of 4 Gazette acts processed. See the directors and other office holders in the KBO →
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Pieter Huyghe Savaanstraat 72, 9000 Gent |
04-07-2023 → 11-02-2025 |
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
2025
18-02
Bankruptcy
Bankruptcy closure (insufficient assets)
Enterprise Court of Ghent, Ghent division · judgment of 11-02-2025
2023
10-07
Bankruptcy
Opening
Enterprise Court of Ghent, Ghent division · judgment of 04-07-2023
2022
15-07
NBB filing
Annual accounts filed
financial year 2021 · micro format
2021
09-07
NBB filing
Annual accounts filed
financial year 2020 · micro format
2020
31-12
Financial
Highest result from 2018 to 2021net €6,308 ▲16.1%
Operating result €8,242, net result €6,308, both a record.
31-12
Financial
Liquidity more than 5 timescurrent ratio 1.08
Current ratio from 0.20 to 1.08.
30-10
NBB filing
Annual accounts filed
financial year 2019 · micro format · 91 days late
2019
31-12
Financial
Back to profitnet €5,435
Net result €5,435 after one loss-making year.
30-08
NBB filing
Annual accounts filed
financial year 2018 · micro format · 30 days late
2018
31-08
NBB filing
Annual accounts filed
financial year 2017 · micro format · 31 days late
2017
31-08
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 4 deeds read
About the unread acts
We know of 4 Belgian Official 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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Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.