TRUST NETWORK SOLUTIONS
InactiveTRUST NETWORK SOLUTIONS was declared bankrupt on 24-04-2023 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed for insufficient assets by judgment of 04-11-2024, published in the Belgian State Gazette on 12-11-2024.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 11-10-2022, 72 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 · 1 filingDeviation from the deadline
2021
72 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its 2021 accounts 72 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
€14,095
Total assets
€93,347
Net result
-€5,905
Working capital
€11,729
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €93,347
Fixed assets
€3,286
Current assets
€90,061
Equity and liabilities €93,347
Equity
€14,095
Debt
€79,252
Debt finances 84.9% of the balance-sheet total.
Key figures and ratios
EBITDA
-€886
Cash flow
-€5,454
Current ratio
1.15
Debt to equity
5.62
ROE
-41.9%
ROA
-6.3%
Interest coverage
-0.28
Debt ≤ 1 year
€78,331
Income taxes
€3,935
Staff costs
€16,810
Annual accounts
| Line | 2021 |
|---|---|
| Remuneration, social security and pensions62 | €16,810 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €452 |
| Other operating charges640/8 | €10,467 |
| Gross operating margin9900 | €26,390 |
| Operating profit (loss)9901 | -€1,338 |
| Financial income75/76B | €2,516 |
| Recurring financial income75 | €2,516 |
| Financial charges65/66B | €3,149 |
| Recurring financial charges65 | €3,149 |
| Profit (loss) for the period before taxes9903 | -€1,971 |
| Income taxes67/77 | €3,935 |
| Profit (loss) for the period9904 | -€5,905 |
| Profit (loss) for the period to be appropriated9905 | -€5,905 |
| Line | 2021 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €93,347 | |
| Fixed assets21/28 | €3,286 | |
| Intangible fixed assets21 | €1,570 | |
| Tangible fixed assets22/27 | €1,706 | |
| Furniture and vehicles24 | €1,706 | |
| Financial fixed assets28 | €10 | |
| Current assets29/58 | €90,061 | |
| Amounts receivable within one year40/41 | €85,224 | |
| Trade receivables40 | €49,273 | |
| Other amounts receivable41 | €35,951 | |
| Cash at bank and in hand54/58 | €3,309 | |
| Deferred charges and accrued income490/1 | €1,528 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €93,347 | |
| Equity10/15 | €14,095 | |
| Contributions10/11 | €20,000 | |
| Profit (loss) carried forward14 | -€5,905 | |
| Amounts payable17/49 | €79,252 | |
| Amounts payable within one year42/48 | €78,331 | |
| Current portion of amounts payable after more than one year42 | €10,029 | |
| Trade debts44 | €38,866 | |
| Suppliers440/4 | €38,866 | |
| Taxes, remuneration and social security45 | €15,061 | |
| Taxes450/3 | €5,921 | |
| Remuneration and social security454/9 | €9,141 | |
| Other amounts payable47/48 | €14,374 | |
| Accrued charges and deferred income492/3 | €921 | |
| Line | 2021 |
|---|---|
| Profit (loss) for the period9904 | -€5,905 |
| + Depreciation and write-downs630 | €452 |
| Operating cash flow (approximation) | -€5,454 |
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
12-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 04-11-2024
2023
28-04
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 24-04-2023
2022
11-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 72 days late
SignalNBB filing
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
4 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 | STEVEN DE RAEVE NOORDLAAN 28, 9200 DENDER-
MONDE |
24-04-2023 → 04-11-2024 |