TWENTY20
InactiveTWENTY20 was declared bankrupt on 01-12-2022 (Ondernemingsrechtbank Gent, afdeling Brugge); the bankruptcy was closed by liquidation by judgment of 17-06-2024, published in the Belgian State Gazette on 24-06-2024.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
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 · 2 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline25-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 23-11-2022, 115 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
115 d late
2020
317 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€-35k
2020 · €3k
2020: €3k
2020 → 2021
Total assets
€56k▼ 42.9%
2020 · €98k
2020: €98k
2020 → 2021
Net result
€-38k▼ 129%
2020 · €-17k
2020: €-17k
2020 → 2021
Working capital
€-84k▼ 25.4%
2020 · €-67k
2020: €-67k
2020 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021Trend
Equity€3k-€-35k
Operating result€-15k-€-38k▼ 145%
Net result€-17k-€-38k▼ 129%
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 €38k in 2021 against €15k in 2020; the loss grows.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €56k
Fixed assets
€49k ▼ 29.9%
Current assets
€7k ▼ 75.0%
Key figures and ratios
EBITDA
€-27k▼
2020 · €-6k
Cash flow
€-28k▼
2020 · €-7k
Solvency
-62.2%▼
2020 · 3.4%
Current ratio
0.08▼
2020 · 0.29
Debt to equity
-2.61▼
2020 · 28.28
ROA
-68.2%▼
2020 · -17.0%
Interest coverage
-75.23▼
2020 · -4.79
Debt
€91k▼
2020 · €94k
Debt ≤ 1 year
€91k▼
2020 · €94k
Staff costs
€41k▲
2020 · €10k
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 · 2021 against 2020 · 38 lines
Balance sheet
Code20202021
Assets
Total assets20/58€98k€56k▼
Formation expenses20€195€0▼
Fixed assets21/28€70k€49k▼
Tangible fixed assets22/27€70k€49k▼
Land and buildings22€39k€38k▼
Plant, machinery and equipment23€25k€8k▼
Furniture and vehicles24€6k€3k▼
Financial fixed assets28-€35
Current assets29/58€28k€7k▼
Amounts receivable within one year40/41€9k€4k▼
Trade receivables40€8k€697▼
Other amounts receivable41€2k€4k▲
Cash at bank and in hand54/58€19k€3k▼
Equity and liabilities
Total equity and liabilities10/49€98k€56k▼
Equity10/15€3k€-35k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€-17k€-55k▼
Amounts payable17/49€94k€91k▼
Amounts payable within one year42/48€94k€91k▼
Taxes, remuneration and social security45€359€4k▲
Taxes450/3-€3k
Remuneration and social security454/9€359€1k▲
Other amounts payable47/48€94k€87k▼
Income statement
Code20202021
Remuneration, social security and pensions62€10k€41k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k▲
Other operating charges640/8€2k€2k▲
Non-recurring operating charges66A-€6k
Gross operating margin9900€6k€22k▲
Operating profit (loss)9901€-15k€-38k▼
Financial income75/76B-€4
Recurring financial income75-€4
Financial charges65/66B€1k€365▼
Recurring financial charges65€1k€365▼
Profit (loss) for the period before taxes9903€-17k€-38k▼
Profit (loss) for the period9904€-17k€-38k▼
Profit (loss) for the period to be appropriated9905€-17k€-38k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-17k€-55k▼
Profit (loss) brought forward from the previous period14P-€-17k
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
24-06
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Brugge · event 17-06-2024
2022
07-12
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Brugge · event 01-12-2022
23-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 115 days late
13-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 317 days late
SignalNBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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 | JOHAN MERMUYS DORPSSTRAAT 76 BUS 3,
8490 JABBEKE |
01-12-2022 → 17-06-2024 |