Tubelite

Bankruptcy

Private limited company (pre-2019)founded 1951Spaarbekkenstraat 6, 1130 Brussel, BelgiumKBO/BCE: BE 0403.152.091

Summary

The KBO register records for Tubelite the legal situation: open bankruptcy; this is today's state according to the register itself, which carries no start date. The 2020 annual accounts show negative equity (€-30k) and a net result of €-46k.

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Signals

Two signals. The signal on the left, the evidence on the right.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Latest accounts filed on time

The financial year that closed on 30-06-2020 was due by 31-01-2021 and was filed on 29-01-2021, 2 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2020

2 d early

2018

69 d late

2017

60 d early

2016

68 d early

2015

88 d early

2014

on the day

2013

80 d early

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2020, micro schema

Equity

€-30k

2018 · €16k

2018: €16k

2018 → 2020

Total assets

€215k▼ 37.8%

2018 · €345k

2018: €345k

2018 → 2020

Net result

€-46k

2018 · €89k

2018: €89k

2018 → 2020

Working capital

€-33k▲ 7.6%

2018 · €-36k

2018: €-36k

2018 → 2020

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20182020Trend

Equity€16k-€-30k

Operating result€-149k-€-34k▲ 77.2%

Net result€89k-€-46k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result is €-34k in 2020, compared with €-149k in 2018. Comparable figures for the intervening years are unavailable.

Balance-sheet composition

2020 in colour, 2018 as the grey bar beneath

Assets €215k

12.1%

87.9%

Fixed assets €26k ▼ 70.9%

Current assets €189k ▼ 26.2%

Key figures and ratios

2020 value · change against 2018

EBITDA

€30k▲

2018 · €-88k

Cash flow

€18k▼

2018 · €149k

Solvency

-13.9%▼

2018 · 4.8%

Current ratio

0.85▼

2018 · 0.88

Quick ratio

0.34▼

2018 · 0.44

Debt to equity

-0.79▼

2018 · 2.31

ROA

-21.6%▼

2018 · 25.8%

Debt

€245k▼

2018 · €329k

Debt ≤ 1 year

€221k▼

2018 · €291k

Debt > 1 year

€24k▼

2018 · €38k

Income taxes

€549▼

2018 · €13k

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 · 2020 against 2018 · 28 lines

Balance sheet Code20182020

Assets

Total assets20/58€345k€215k▼

Formation expenses20€484€404▼

Fixed assets21/28€90k€26k▼

Intangible fixed assets21€50k-

Tangible fixed assets22/27€38k€24k▼

Financial fixed assets28€1k€2k▲

Current assets29/58€255k€189k▼

Stocks and contracts in progress3€129k€113k▼

Amounts receivable within one year40/41€92k€67k▼

Cash at bank and in hand54/58€28k€8k▼

Equity and liabilities

Total equity and liabilities10/49€345k€215k▼

Equity10/15€16k€-30k▼

Contributions10/11€30k-

Reserves13€120k€120k=

Profit (loss) carried forward14€-134k€-180k▼

Amounts payable17/49€329k€245k▼

Amounts payable after more than one year17€38k€24k▼

Amounts payable within one year42/48€291k€221k▼

Trade debts44€58k€28k▼

Income statement Code20182020

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€60k€64k▲

Gross operating margin9900€440k€103k▼

Operating profit (loss)9901€-149k€-34k▲

Recurring financial income75€122k€2▼

Recurring financial charges65€28k€12k▼

Profit (loss) for the period before taxes9903€-55k€-46k▲

Income taxes67/77€13k€549▼

Profit (loss) for the period9904€89k€-46k▼

Profit (loss) for the period to be appropriated9905€279k€-46k▼

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