WEB3SYS
InactiveWEB3SYS was declared bankrupt on 10-10-2022 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 18-06-2024, published in the Belgian State Gazette on 13-12-2024.
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 · 8 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 23-09-2022, 54 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
54 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 39 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€847,755
2020 · €34,357
Working capital
-€733,212
2020 · €104,078
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result€83,430--€25,924€34,752-€842,160
Net result€56,464--€35,256€34,357-€847,755
Equity€106,555-€71,300▼ 33.1%€105,657▲ 48.2%-€731,698
Total assets€653,810-€533,140▼ 18.5%€548,069▲ 2.8%€553,800▲ 1.0%
Debt€547,255-€461,840▼ 15.6%€442,413▼ 4.2%€1.3m▲ 191%
Working capital€103,983-€69,224▼ 33.4%€104,078▲ 50.3%-€733,212
Staff (FTE)1.8-4.8▲ 167%6▲ 25.0%5.6▼ 6.7%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €842,160 after €34,752 in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €553,800
Fixed assets
€1,513 ▼ 4.1%
Current assets
€552,287 ▲ 1.1%
Key figures and ratios
EBITDA
-€842,095▼
2020 · €35,249
Cash flow
-€847,690▼
2020 · €34,854
Solvency
-132.1%▼
2020 · 19.3%
Current ratio
0.43▼
2020 · 1.24
Debt to equity
-1.76
ROA
-153.1%▼
2020 · 6.3%
Interest coverage
-6191.88
Debt ≤ 1 year
€1.3m▲
2020 · €442,413
Income taxes
€5,459▼
2020 · €5,488
Staff costs
€322,798
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €322,798 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,589 | €497 | €497 | €65 | ▼ 86.9% |
| Other operating charges640/8 | - | - | - | €861,261 | - |
| Gross operating margin9900 | €182,496 | €274,407 | €405,568 | €341,964 | ▼ 15.7% |
| Operating profit (loss)9901 | €83,430 | -€25,924 | €34,752 | -€842,160 | ▼ 2,523% |
| Financial income75/76B | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | €0 | - |
| Financial charges65/66B | - | - | - | €136 | - |
| Recurring financial charges65 | €433 | €5,667 | -€10 | €136 | ▲ 1,460% |
| Non-recurring financial charges66B | - | - | - | €136 | - |
| Profit (loss) for the period before taxes9903 | €82,997 | -€31,591 | €39,845 | -€842,296 | ▼ 2,214% |
| Income taxes67/77 | €26,532 | €3,665 | €5,488 | €5,459 | ▼ 0.5% |
| Profit (loss) for the period9904 | €56,464 | -€35,256 | €34,357 | -€847,755 | ▼ 2,567% |
| Profit (loss) for the period to be appropriated9905 | €56,464 | -€35,256 | €34,357 | -€847,755 | ▼ 2,567% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €653,810 | €533,140 | €548,069 | €553,800 | ▲ 1.0% |
| Fixed assets21/28 | €2,572 | €2,075 | €1,579 | €1,513 | ▼ 4.1% |
| Tangible fixed assets22/27 | €2,572 | €2,075 | €1,579 | €1,513 | ▼ 4.1% |
| Furniture and vehicles24 | - | - | - | €1,513 | - |
| Current assets29/58 | €651,238 | €531,065 | €546,491 | €552,287 | ▲ 1.1% |
| Amounts receivable within one year40/41 | €589,598 | €476,974 | €394,005 | €379,581 | ▼ 3.7% |
| Trade receivables40 | - | - | - | €379,581 | - |
| Cash at bank and in hand54/58 | €59,547 | €52,185 | €151,094 | €169,026 | ▲ 11.9% |
| Deferred charges and accrued income490/1 | - | - | - | €3,679 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €653,810 | €533,140 | €548,069 | €553,800 | ▲ 1.0% |
| Equity10/15 | €106,555 | €71,300 | €105,657 | -€731,698 | ▼ 793% |
| Contributions10/11 | €8,200 | €8,200 | €8,200 | €18,600 | ▲ 127% |
| Capital10 | - | - | - | €18,600 | - |
| Issued capital100 | - | - | - | €18,600 | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Legal reserve130 | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | €96,495 | €61,240 | €95,597 | -€752,158 | ▼ 887% |
| Amounts payable17/49 | €547,255 | €461,840 | €442,413 | €1.3m | ▲ 191% |
| Amounts payable within one year42/48 | €547,255 | €461,840 | €442,413 | €1.3m | ▲ 191% |
| Trade debts44 | €442,176 | €304,915 | €268,974 | €192,723 | ▼ 28.3% |
| Suppliers440/4 | - | - | - | €192,723 | - |
| Taxes, remuneration and social security45 | - | - | - | €1.1m | - |
| Taxes450/3 | - | - | - | €1.0m | - |
| Remuneration and social security454/9 | - | - | - | €30,681 | - |
| Other amounts payable47/48 | - | - | - | €37,348 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €56,464 | -€35,256 | €34,357 | -€847,755 | ▼ 2,567% |
| + Depreciation and write-downs630 | €1,589 | €497 | €497 | €65 | ▼ 86.9% |
| Operating cash flow (approximation) | €58,054 | -€34,759 | €34,854 | -€847,690 | ▼ 2,532% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | -€7,362 | €98,909 | €17,932 | ▼ 81.9% |
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
13-12
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · event 18-06-2024
2022
04-11
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 10-10-2022
23-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 54 days late
2021
31-12
Financial
Weakest financial yearnet -€847,755
Net result drops to -€847,755, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €34,357
Net result €34,357 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €105,657 ▲48.2%
Equity rises from €71,300 to €105,657.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
2016
28-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 150 days late
2015
20-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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 | LUCILLE BERMOND CHAUSSEE DE LA HULPE 187,
1170 WATERMAEL-BOITSFORT |
10-10-2022 → 18-06-2024 |