WAT CONCEPT
Open bankruptcyA bankruptcy procedure is open for WAT CONCEPT according to publications in the Belgian State Gazette; curator: YSABELLE ENSCH.
Summary
Inactive; last annual accounts for fiscal year 2019.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 2 filingsPosition against the passed deadline
31-12-2020 close31-07-2021 deadline24-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 31-12-2020, 153 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
not filed
2020
not filed
2019
153 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2019, micro schema
Turnover
€7k
EBIT margin
-165.3%
Net result
€15k
2018 · €-12k
2018: €-12k
2018 → 2019
Working capital
€11k
2018 · €-6k
2018: €-6k
2018 → 2019
Multi-year overview
Available amounts per fiscal year
Line20182019Trend
Turnover€7k-
Equity€-6k-€22k
Operating result€-12k-€15k
Net result€-12k-€15k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2019: €15k after a loss of €12k in 2018.
Balance-sheet composition
Assets €33k
Fixed assets
€11k
Current assets
€22k
Equity and liabilities €33k
Equity
€22k
Debt
€11k
Debt finances 33.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€18k
Cash flow
€18k
Current ratio
1.99▲
2018 · 0.45
ROE
71.3%
ROA
47.3%▲
2018 · -228.1%
Debt ≤ 1 year
€11k▼
2018 · €11k
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 · 2019 against 2018 · 22 lines
Balance sheet
Code20182019
Assets
Total assets20/58€5k€33k▲
Fixed assets21/28-€11k
Tangible fixed assets22/27-€6k
Financial fixed assets28-€5k
Current assets29/58€5k€22k▲
Amounts receivable within one year40/41€5k€4k▼
Cash at bank and in hand54/58€16€18k▲
Equity and liabilities
Total equity and liabilities10/49€5k€33k▲
Equity10/15€-6k€22k▲
Contributions10/11€6k€19k▲
Profit (loss) carried forward14€-12k€3k▲
Amounts payable17/49€11k€11k▼
Amounts payable within one year42/48€11k€11k▼
Trade debts44€2k€1k▼
Income statement
Code20182019
Turnover70€7k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€2k
Gross operating margin9900€-4k€47k▲
Operating profit (loss)9901€-12k€15k▲
Recurring financial charges65€28-
Profit (loss) for the period before taxes9903€-12k€15k▲
Profit (loss) for the period9904€-12k€15k▲
Profit (loss) for the period to be appropriated9905€-12k€15k▲
Timeline · acts, filings and financial milestones
2022
30-06
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · WAT CONCEPT SPRL AVENUE DE STALINGRAD 52, 1000 BRUXELLES 1 · event 20-06-2022
2020
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 153 days late
2019
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 1.99
Current ratio from 0.45 to 1.99; short-term debt falls from €11k to €11k.
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 92 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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
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 | YSABELLE ENSCH AVENUE LOUISE 349 B 17,
1050 BRUXELLES 5 |
20-06-2022 → present |