W.AS
InactiveW.AS was declared bankrupt on 11-05-2023 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed by liquidation by judgment of 25-06-2024, published in the Belgian State Gazette on 02-07-2024.
Summary
Inactive; last annual accounts for fiscal year 2022.
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 30-06-2023, 3 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
30-06-2023 close31-01-2024 deadline24-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 30-06-2022 was due by 31-01-2023 and was filed on 13-05-2023, 102 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 · 6 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
102 d late
2021
467 d late
2020
3 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€26k▲ 12.0%
2021 · €23k
2019: €-22k
2020: €168
2021: €23k
2019 → 2022
Total assets
€34k▲ 0.3%
2021 · €34k
2019: €20k
2020: €32k
2021: €34k
2019 → 2022
Net result
€3k▼ 87.9%
2021 · €23k
2019: €-27k
2020: €10k
2021: €23k
2019 → 2022
Working capital
€26k▲ 14.4%
2021 · €22k
2019: €-27k
2020: €-4k
2021: €22k
2019 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212022Trend
Equity€-22k-€168€23k▲ 13,754%€26k▲ 12.0%
Operating result€-26k-€13k€25k▲ 93.6%€3k▼ 89.8%
Net result€-27k-€10k€23k▲ 131%€3k▼ 87.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2022; 2022 is 90% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €34k
Fixed assets
€562 ▼ 43.2%
Current assets
€34k ▲ 1.6%
Equity and liabilities €34k
Equity
€26k ▲ 12.0%
Debt
€8k ▼ 24.8%
Debt's share of the balance-sheet total falls from 31.9% to 23.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3k▼
2021 · €25k
Cash flow
€3k▼
2021 · €24k
Current ratio
4.12▲
2021 · 3.05
Debt to equity
0.31▼
2021 · 0.47
ROE
10.7%▼
2021 · 99.3%
ROA
8.2%▼
2021 · 67.6%
Interest coverage
6.14▼
2021 · 85.18
Debt ≤ 1 year
€8k▼
2021 · €11k
Income taxes
€1k▼
2021 · €3k
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 · 2022 against 2021 · 41 lines
Balance sheet
Code20212022
Assets
Total assets20/58€34k€34k▲
Fixed assets21/28€989€562▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€989€562▼
Plant, machinery and equipment23€989€562▼
Current assets29/58€33k€34k▲
Amounts receivable within one year40/41€30k€33k▲
Trade receivables40-€8k
Other amounts receivable41€30k€26k▼
Cash at bank and in hand54/58€3k€0▼
Deferred charges and accrued income490/1€488€488=
Equity and liabilities
Total equity and liabilities10/49€34k€34k▲
Equity10/15€23k€26k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€5k€8k▲
Amounts payable17/49€11k€8k▼
Amounts payable within one year42/48€11k€8k▼
Current portion of amounts payable after more than one year42€0-
Financial debts43-€3k
Credit institutions430/8-€3k
Trade debts44€8k€1k▼
Suppliers440/4€8k€1k▼
Taxes, remuneration and social security45€3k€4k▲
Taxes450/3€3k€4k▲
Other amounts payable47/48€0-
Income statement
Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€590€427▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€449€450▲
Gross operating margin9900€26k€3k▼
Operating profit (loss)9901€25k€3k▼
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€298€482▲
Recurring financial charges65€298€482▲
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903€26k€4k▼
Income taxes67/77€3k€1k▼
Profit (loss) for the period9904€23k€3k▼
Profit (loss) for the period to be appropriated9905€23k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€5k€8k▲
Profit (loss) brought forward from the previous period14P€-18k€5k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
02-07
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · W.AS BVBA STRAAT- EINDE 31, 2240 ZANDHOVEN · event 25-06-2024
2023
17-05
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · W.AS BVBA STRAATEINDE 31, 2240 ZANDHOVEN · event 11-05-2023
13-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 102 days late
13-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 467 days late
2021
30-06
Financial
Highest result since 2019net €23k ▲131%
Operating result €25k, net result €23k, both a record.
30-06
Financial
Liquidity triplescurrent ratio 3.05
Current ratio from 0.87 to 3.05; short-term debt falls from €32k to €11k.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
22-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GREGORY BRUNEEL MUSEUMSTRAAT 31-33,
2000 ANTWERPEN 1 |
11-05-2023 → 25-06-2024 |