TRANS FAIR
InactiveSignals
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 · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline01-10-2026 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 13-07-2022, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2021
18 d early
2020
91 d late
2019
60 d late
2018
28 d late
2017
22 d late
2016
27 d late
2015
2 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 30 days after the deadline; the Belgian median for financial year 2021 is 3 days before the deadline, and 44% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, micro schema
Equity
-€184,726▲ 46.9%
2020 · -€348,023
Total assets
€219,879▲ 4.8%
2020 · €209,871
Net result
-€46,703▲ 75.8%
2020 · -€193,076
Working capital
-€280,780▲ 25.8%
2020 · -€378,557
Trend over the years
In euros
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result€17,517-€19,822▲ 13.2%-€189,429-€44,626▲ 76.4%
Net result€16,458-€15,931▼ 3.2%-€193,076-€46,703▲ 75.8%
Equity-€170,878--€154,947▲ 9.3%-€348,023▼ 125%-€184,726▲ 46.9%
Total assets€214,778-€295,644▲ 37.7%€209,871▼ 29.0%€219,879▲ 4.8%
Debt€385,656-€450,591▲ 16.8%€557,894▲ 23.8%€404,605▼ 27.5%
Working capital-€282,125--€301,109▼ 6.7%-€378,557▼ 25.7%-€280,780▲ 25.8%
Staff (FTE)1-1=9.1▲ 810%7.9▼ 13.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €44,626 in 2021 against €189,429 in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €219,879
Fixed assets
€140,221 ▲ 0.8%
Current assets
€79,658 ▲ 12.5%
Equity and liabilities
Equity-€184,726
Debt€404,605
Equity is negative: debt (€404,605) exceeds the balance-sheet total (€219,879).
Key figures and ratios
EBITDA
-€15,098▲
2020 · -€162,588
Cash flow
-€17,175▲
2020 · -€166,235
Solvency
-84.0%▲
2020 · -165.8%
Current ratio
0.22▲
2020 · 0.16
Quick ratio
0.19▲
2020 · 0.16
ROA
-21.2%▲
2020 · -92.0%
Interest coverage
-2.32
Debt ≤ 1 year
€360,437▼
2020 · €449,343
Debt > 1 year
€44,167▼
2020 · €58,696
Income taxes
-€4,392
Staff costs
€201,621
No debt to equity: equity is negative, so debt divided by equity means nothing.
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 |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €201,621 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,155 | €24,265 | €26,841 | €29,528 | ▲ 10.0% |
| Other operating charges640/8 | - | - | - | €3,845 | - |
| Gross operating margin9900 | €74,725 | €76,067 | €85,211 | €190,367 | ▲ 123% |
| Operating profit (loss)9901 | €17,517 | €19,822 | -€189,429 | -€44,626 | ▲ 76.4% |
| Financial income75/76B | - | - | - | €30 | - |
| Recurring financial income75 | €0 | €1 | €752 | €30 | ▼ 96.0% |
| Financial charges65/66B | - | - | - | €6,500 | - |
| Recurring financial charges65 | €929 | €3,640 | €4,399 | €6,500 | ▲ 47.7% |
| Profit (loss) for the period before taxes9903 | €16,589 | €16,183 | -€193,076 | -€51,095 | ▲ 73.5% |
| Income taxes67/77 | €131 | €253 | - | -€4,392 | - |
| Profit (loss) for the period9904 | €16,458 | €15,931 | -€193,076 | -€46,703 | ▲ 75.8% |
| Profit (loss) for the period to be appropriated9905 | €16,458 | €15,931 | -€193,076 | -€46,703 | ▲ 75.8% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €214,778 | €295,644 | €209,871 | €219,879 | ▲ 4.8% |
| Fixed assets21/28 | €140,743 | €165,926 | €139,085 | €140,221 | ▲ 0.8% |
| Intangible fixed assets21 | €72,000 | €85,741 | €75,491 | €65,241 | ▼ 13.6% |
| Tangible fixed assets22/27 | €68,743 | €70,185 | €53,594 | €61,798 | ▲ 15.3% |
| Plant, machinery and equipment23 | - | - | - | €30,689 | - |
| Furniture and vehicles24 | - | - | - | €8,275 | - |
| Other tangible fixed assets26 | - | - | - | €22,834 | - |
| Financial fixed assets28 | - | €10,000 | €10,000 | €13,182 | ▲ 31.8% |
| Current assets29/58 | €74,035 | €129,718 | €70,786 | €79,658 | ▲ 12.5% |
| Stocks and contracts in progress3 | - | - | - | €12,735 | - |
| Stocks30/36 | - | - | - | €12,735 | - |
| Amounts receivable within one year40/41 | €37,245 | €85,126 | €18,273 | €28,520 | ▲ 56.1% |
| Trade receivables40 | - | - | - | €11,433 | - |
| Other amounts receivable41 | - | - | - | €17,087 | - |
| Cash at bank and in hand54/58 | €36,791 | €44,592 | €27,586 | €34,967 | ▲ 26.8% |
| Deferred charges and accrued income490/1 | - | - | - | €3,436 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €214,778 | €295,644 | €209,871 | €219,879 | ▲ 4.8% |
| Equity10/15 | -€170,878 | -€154,947 | -€348,023 | -€184,726 | ▲ 46.9% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | - |
| Reserves13 | €451 | €451 | €451 | €451 | = |
| Non-distributable reserves130/1 | - | - | - | €451 | - |
| Reserves not available under the articles1311 | - | - | - | €451 | - |
| Profit (loss) carried forward14 | -€189,921 | -€173,990 | -€367,066 | -€203,769 | ▲ 44.5% |
| Amounts payable17/49 | €385,656 | €450,591 | €557,894 | €404,605 | ▼ 27.5% |
| Amounts payable after more than one year17 | €29,496 | €19,764 | €58,696 | €44,167 | ▼ 24.8% |
| Financial debts170/4 | - | - | - | €44,167 | - |
| Amounts payable within one year42/48 | €356,160 | €430,827 | €449,343 | €360,437 | ▼ 19.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €36,416 | - |
| Financial debts43 | - | - | - | €2,304 | - |
| Credit institutions430/8 | - | - | - | €2,304 | - |
| Trade debts44 | €38,211 | €43,640 | €215,740 | €214,062 | ▼ 0.8% |
| Suppliers440/4 | - | - | - | €214,062 | - |
| Taxes, remuneration and social security45 | - | - | - | €30,689 | - |
| Taxes450/3 | - | - | - | €20,483 | - |
| Remuneration and social security454/9 | - | - | - | €10,206 | - |
| Other amounts payable47/48 | - | - | - | €76,968 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,458 | €15,931 | -€193,076 | -€46,703 | ▲ 75.8% |
| + Depreciation and write-downs630 | €17,155 | €24,265 | €26,841 | €29,528 | ▲ 10.0% |
| Operating cash flow (approximation) | €33,612 | €40,196 | -€166,235 | -€17,175 | ▲ 89.7% |
| Investment in fixed assets (approximation) | - | -€49,448 | €0 | -€30,664 | - |
| Change in cash | - | €7,801 | -€17,005 | €7,381 | ▲ 143% |
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
20-12
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 28-10-2024
2022
24-10
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 17-10-2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 91 days late
2020
31-12
Financial
Weakest financial yearnet -€193,076
Net result drops to -€193,076, the lowest in the series.
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
27-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 27 days late
2016
02-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 2 days late
2015
25-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 25 days late
2014
28-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 28 days late
2013
22-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 22 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JAN BERGMANS Boonhof 24, 2890. Puurs-Sint- Amands |
17-10-2022 → 28-10-2024 |