Equity
-€731,698 from €106,555 in 2018
Equity fell below zero in 2021.
WEB3SYS
Overview
Information for creditors
French-language Enterprise Court of Brussels · Official Gazette of 24-06-2021Opened on 16 June 2021 · moratorium passed on 13 October 2021
Steps, deadlines and articles of law
The procedure
- Track
- Reorganisation by amicable settlement
- Docket number
- 20210022
- Moratorium until
- 13 October 2021 (passed, unless a later judgment extended it)
- Delegated judge
- Leon Niessen
- Official Gazette
- 24-06-2021search the document for 2021/123485
Steps for a creditor
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- An amicable settlement binds only the creditors who sign it. You decide whether you sign.
- What you deliver after the opening is not covered by the moratorium. Agree clear payment terms for it.
- The file is in RegSol, where you can read the documents of the procedure.
The judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette.
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
Follow
Follow this reorganisation and you are notified of an extension, the court's approval, the closure or a bankruptcy.
This is general information, not legal advice. If in doubt, your lawyer or your accountant can help.
Lifetime
8 annual accounts with figures on one time axispeak €405,568 (2020)
€341,964▼ 15.7%
lowest -€847,755 (2021)
-€847,755▼ €882,112
peak €106,555 (2018)
-€731,698▼ €837,355
€1.3m▲ 191%
peak 6 FTE (2020)
5.6 FTE▼ 6.7%
Board1 name since 2021
1 directorNokri Mourad
Documentsfilings and deeds
23-09-202254 days late
2021financial year
Judicial reorganisation opened 24-06Gross margin from €405,568 to €341,964Loss of €847,755Deed on the end 15-10Equity from €105,657 to -€731,698Debts from €442,413 to €1.3m
Key points
from the 2021 annual accounts, the last ones filedFilings
8 annual accounts 7 late
The 2015 accounts came latest: 150 days after the end of the period.
Final months
481 days from reorganisation to bankruptcy
No score
Recent changes
Bankruptcy closure (insufficient assets)
French-language Enterprise Court of Brussels · judgment of 18-06-2024 · Bankruptcy
Bankruptcy published
French-language Enterprise Court of Brussels · judgment of 10-10-2022 · Bankruptcy
Transfer: Web3sys transfers a branch of activity or a universality to société à constituer
Gazette deed
Deed on the end
the last of 2 in the Belgian Official Gazette · Gazette deed
Official details
Source: KBO- Status
- Inactivedeed of incorporation of 17-12-2013 · bankruptcy closed on 18-06-2024
- Activity
- No activity registered in the KBO
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2021
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2021
- €341,964▼ 15.7%
- ≈ €800,000estimated
- €847,755
- -€731,698
- €553,800▲ 1.0%
- Employeeson 31-12-2021
- 5
- Filing
- Filed on 23-09-2022
Insights on WEB3SYS
Equity fell from €106,555 in 2018 to -€731,698 in 2021, while debts rose from €547,255 to €1.3m.
On 16 June 2021 the court opened a judicial reorganisation. 481 days later came the bankruptcy.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2021
full format, filed on 23-09-2022, 54 days late€341,964
▼ 15.7%
-€842,160
▼ €876,913
-€847,755
▼ €882,112
-€733,212
▼ €837,290
-132.1%
▼ 151.4 percentage points
0.43
▼ 0.81
The turnover shown is an estimate from the gross margin.
Turnover ≈ €800,000. Estimated: probably between €480,000 and €1.4m.
Balance sheet
balance sheet total €553,800 on 31-12-2021What the company ownsHow it is paid for
in euro
in euro
Staff
€57,643
Staff costs divided by the average number of full-time equivalents.
-2 people
people who joined
people who left
In 2021, nobody joined and 2 people left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
553,800 | 548,069 | 533,140 | 653,810 | 869,429 | 852,072 | 284,648 | 2,196 | |
21/28 |
1,513 | 1,579 | 2,075 | 2,572 | 1,092 | 2,316 | 369 | 369 | |
22/27 |
1,513 | 1,579 | 2,075 | 2,572 | 1,092 | 2,316 | 369 | 369 | |
24 |
1,513 | 1,579 | 2,075 | 2,572 | 1,092 | 2,316 | 369 | 369 | |
29/58 |
552,287 | 546,491 | 531,065 | 651,238 | 868,336 | 849,756 | 284,279 | 1,827 | |
40/41 |
379,581 | 394,005 | 476,974 | 589,598 | 685,136 | 761,429 | 251,291 | 1,336 | |
40 |
379,581 | 394,005 | 476,974 | 589,598 | 685,136 | 761,429 | 248,961 | 500 | |
41 |
- | - | - | - | - | - | 2,330 | 836 | |
54/58 |
169,026 | 151,094 | 52,185 | 59,547 | 183,200 | 88,327 | 32,988 | 491 | |
490/1 |
3,679 | 1,392 | 1,906 | 2,093 | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
553,800 | 548,069 | 533,140 | 653,810 | 869,429 | 852,072 | 284,648 | 2,196 | |
10/15 |
-731,698 | 105,657 | 71,300 | 106,555 | 50,091 | 31,568 | 3,354 | -7,841 | |
10/11 |
18,600 | 8,200 | 8,200 | 8,200 | 8,200 | 8,200 | 8,200 | 8,200 | |
10 |
18,600 | - | - | - | - | - | - | - | |
100 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | 10,400 | 10,400 | 10,400 | 10,400 | 10,400 | 10,400 | 10,400 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | |
130/1 |
1,860 | 1,860 | - | - | - | - | - | - | |
130 |
1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | |
14 |
-752,158 | 95,597 | 61,240 | 96,495 | 41,891 | 23,368 | -4,846 | -16,041 | |
17/49 |
1.3m | 442,413 | 461,840 | 547,255 | 819,338 | 820,504 | 281,294 | 10,037 | |
42/48 |
1.3m | 442,413 | 461,840 | 547,255 | 819,338 | 807,180 | 281,294 | 10,037 | |
44 |
192,723 | 268,974 | 304,915 | 442,176 | 722,237 | 707,690 | 276,661 | 5,525 | |
440/4 |
192,723 | 268,974 | 292,860 | 442,176 | 722,237 | 707,690 | 276,661 | 5,525 | |
441 |
- | - | 12,055 | - | - | - | - | - | |
45 |
1.1m | 126,345 | 98,497 | 60,816 | 53,228 | - | - | - | |
450/3 |
1.0m | 86,727 | 75,610 | 35,254 | 53,228 | - | - | - | |
454/9 |
30,681 | 39,618 | 22,887 | 25,561 | - | - | - | - | |
47/48 |
37,348 | 47,094 | 58,428 | 44,263 | 43,872 | 99,490 | 4,633 | 4,512 | |
492/3 |
- | - | - | - | - | 13,324 | - | - | |
| Income statement | |||||||||
9900 |
341,964 | 405,568 | 274,407 | 182,496 | 42,935 | 29,762 | 11,195 | -15,587 | |
62 |
322,798 | 364,677 | 299,834 | 96,560 | - | - | - | - | |
630 |
65 | 497 | 497 | 1,589 | 1,224 | 1,147 | - | 209 | |
640/8 |
861,261 | 5,643 | - | 918 | - | 348 | - | 226 | |
9901 |
-842,160 | 34,752 | -25,924 | 83,430 | 41,711 | 28,267 | 11,195 | -16,022 | |
75/76B |
0 | 5,445 | - | - | 16 | - | - | - | |
75 |
0 | - | - | - | 16 | - | - | - | |
76B |
- | 5,445 | - | - | - | - | - | - | |
65/66B |
136 | 352 | 5,667 | 433 | 991 | 53 | - | 19 | |
65 |
- | -10 | 5,667 | 433 | 991 | 53 | - | 19 | |
66B |
136 | 362 | - | - | - | - | - | - | |
9903 |
-842,296 | 39,845 | -31,591 | 82,997 | 40,737 | 28,214 | 11,195 | -16,041 | |
67/77 |
5,459 | 5,488 | 3,665 | 26,532 | 22,214 | - | - | - | |
9904 |
-847,755 | 34,357 | -35,256 | 56,464 | 18,523 | 28,214 | 11,195 | -16,041 | |
9905 |
-847,755 | 34,357 | -35,256 | 56,464 | 18,523 | 28,214 | 11,195 | -16,041 | |
| Appropriation of the result | |||||||||
9906 |
-752,158 | 95,597 | 61,240 | 98,355 | 41,891 | 23,368 | -4,846 | -16,041 | |
14P |
95,597 | - | - | - | - | - | - | - | |
691/2 |
- | - | - | 1,860 | - | - | - | - | |
6920 |
- | - | - | 1,860 | - | - | - | - | |
| Social balance sheet | |||||||||
9087 |
5.6 | 6 | 4.8 | 1.8 | - | - | - | - | |
Hours worked1013 |
9,925 | 11,567 | 9,378 | 3,010 | - | - | - | - | |
| Document | |||||||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2021 (PDF), filed on 23-09-2022.
Filings
each dot is a set of accounts, on the day it reached the National Bank2021 annual accounts filed 54 days after the deadline. Filed on 23 September 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20437074.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | full format | 23-09-2022 | 2022-20437074 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-60300185 | |
| 31-12-2019 | micro format | 31-08-2020 | 2020-47800507 | |
| 31-12-2018 | full format | 30-08-2019 | 2019-61400557 | |
| 31-12-2017 | micro format | 26-09-2018 | 2018-65100352 | |
| 31-12-2016 | full format | 29-09-2017 | 2017-65000312 | |
| 31-12-2015 | full format | 28-12-2016 | 2016-71900127 | |
| 31-12-2014 | full format | 20-07-2015 | 2015-32500327 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|
| -842,095 | 35,249 | -25,427 | 85,019 | 42,935 | 29,414 | - | -15,813 | ||
| -847,690 | 34,854 | -34,759 | 58,054 | 19,746 | 29,361 | - | -15,832 | ||
| 0 | 0 | 0 | 3,069 | 0 | 3,093 | - | - | ||
| 17,932 | 98,909 | -7,362 | -123,653 | 94,873 | 55,339 | 32,497 | - | ||
| -733,212 | 104,078 | 69,224 | 103,983 | 48,999 | 42,576 | 2,985 | -8,210 | ||
| -132.1% | 19.3% | 13.4% | 16.3% | 5.8% | 3.7% | 1.2% | - | ||
| 0.43 | 1.24 | 1.15 | 1.19 | 1.06 | 1.05 | 1.01 | - | ||
| - | 4.19 | 6.48 | 5.14 | 16.36 | 25.99 | 83.87 | - | ||
| - | 32.5% | -49.4% | 53.0% | 37.0% | 89.4% | 333.8% | - | ||
| -153.1% | 6.3% | -6.6% | 8.6% | 2.1% | 3.3% | 3.9% | - | ||
| -6191.88 | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2021 |
|---|---|
| Employees at the balance-sheet date | 5 |
| full-time | 5 |
| in full-time equivalents | 5 |
| 5.6 | |
| On a permanent contract | 5 |
| Joined | 0 |
| Left | 2 |
Source: social balance sheet in the 2021 annual accounts
Insights on WEB3SYS
The operating result for 2021 is a loss of €842,160, after a profit of €34,752 in 2020. It is the lowest result since 2014.
Equity is negative. Debt (€1.3m) exceeds the balance-sheet total (€553,800).
Board & ownership
Curator
1 mandateCurator, Chaussee De La Hulpe 187, 1170 Watermael-Boitsfort
from 10-10-2022 to 18-06-2024
Also on 136 other cases
Last board
1 directorMandates through the years
1 name, the dashed line is todayNokri Mourad
Director
Director
Boardmandate already running before its first mentionBankruptcy 10-10-2022
Mandates as a list
- Nokri Mourad
- Director, from before 31-12-2021, until the bankruptcy of 10-10-2022
Control
Capital
- Capital
- €18,600
- Source
- 2021 annual accounts
Network & group
No group
WEB3SYS has no parent and no holdings in its annual accounts. Nokri Mourad is the only director.
Acquisitions and mergers
1 transactionContributed a branch of activity to:société à constituer
Timeline
Timeline
20 events since 2013Capital
Filings
Financial
End and insolvency
2014201620182020202220242026
2024
Bankruptcy closure (insufficient assets) French-language Enterprise Court of Brussels · judgment of 18-06-2024
2022
Bankruptcy published French-language Enterprise Court of Brussels · judgment of 10-10-2022
Annual accounts 2021 filed PDFfull format · 54 days late
Transfer: Web3sys transfers a branch of activity or a universality to société à constituer1 point ▸
- Power of attorney, Tibault le Hardy
- The deed holds 3 more points.
2021
Weakest financial year net -€847,755 The net result drops to -€847,755, the lowest from 2014 to 2021.
Deed on the end the last of 2 in the Belgian Official Gazette
Annual accounts 2020 filed PDFmicro format · 31 days late
Judicial reorganisation opened French-language Enterprise Court of Brussels · amicable agreement · judgment of 16-06-2021
2020
Back to profit net €34,357 The net result is €34,357, after one loss-making year.
Annual accounts 2019 filed PDFmicro format · 31 days late
2019
Annual accounts 2018 filed PDFfull format · 30 days late
2018
Highest result from 2014 to 2021 net €56,464 ▲205% The operating result of €83,430 and the net result of €56,464 are both a record.
Equity above €100,000 equity €106,555 ▲113% After 4 profitable years in a row, equity reaches €106,555.
Annual accounts 2017 filed PDFmicro format · 57 days late
2017
Annual accounts 2016 filed PDFfull format · 60 days late
2016
Annual accounts 2015 filed PDFfull format · 150 days late
2015
Back to profit net €11,195 The net result is €11,195, after one loss-making year.
Liquidity more than 5 times current ratio 1.01 The current ratio rises from 0.18 to 1.01.
Annual accounts 2014 filed PDFfull format · 11 days before the deadline
2013
Incorporation PDF9 publications in the Belgian Official Gazette, the last on 02-05-2022
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
WEB3SYS is no longer in the KBO register.
- Last annual accounts
- financial year to 31 December 2021
- Last registered office
- Rue Souveraine 5, 1050 Ixellesas published on 2 May 2022
- Legal form
- Private limited company (pre-2019)
- First annual accounts
- financial year 2014