WILLAERT DATA SYSTEMS
InactiveWILLAERT DATA SYSTEMS was declared bankrupt on 05-05-2022 (Ondernemingsrechtbank Gent, afdeling Oostende); the bankruptcy was closed by liquidation by judgment of 28-06-2024, published in the Belgian State Gazette on 10-07-2024.
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 31-03-2022, 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 · 10 filingsPosition against the passed deadline
31-03-2022 close31-10-2022 deadline30-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2021 was due by 31-10-2021 and was filed on 11-10-2021, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
20 d early
2020
32 d early
2019
17 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 23 days before 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, micro schema
Equity
-€51,575▼ 13.3%
2020 · -€45,536
Total assets
€79,533▼ 6.6%
2020 · €85,139
Net result
-€6,039▼ 226%
2020 · -€1,853
Working capital
-€52,087▼ 12.6%
2020 · -€46,259
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201920202021
Operating result-€5,285--€931▲ 82.4%-€5,416▼ 482%
Net result-€7,165--€1,853▲ 74.1%-€6,039▼ 226%
Equity-€43,682--€45,536▼ 4.2%-€51,575▼ 13.3%
Total assets€81,472-€85,139▲ 4.5%€79,533▼ 6.6%
Debt€125,154-€130,674▲ 4.4%€131,108▲ 0.3%
Working capital-€43,682--€46,259▼ 5.9%-€52,087▼ 12.6%
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 €5,416 in 2021 against €931 in 2020; the loss grows and 2021 has the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €79,533
Fixed assets
€599 ▼ 33.8%
Current assets
€78,934 ▼ 6.3%
Key figures and ratios
EBITDA
-€5,111▼
2020 · -€920
Cash flow
-€5,734▼
2020 · -€1,842
Solvency
-64.8%▼
2020 · -53.5%
Current ratio
0.60▼
2020 · 0.65
Quick ratio
0.57▼
2020 · 0.62
ROA
-7.6%▼
2020 · -2.2%
Debt ≤ 1 year
€131,022▲
2020 · €130,493
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €12 | €305 | ▲ 2,515% |
| Gross operating margin9900 | -€2,397 | -€117 | -€3,057 | ▼ 2,505% |
| Operating profit (loss)9901 | -€5,285 | -€931 | -€5,416 | ▼ 482% |
| Recurring financial income75 | €2 | €133 | €1 | ▼ 98.9% |
| Recurring financial charges65 | €1,881 | €1,055 | €624 | ▼ 40.9% |
| Profit (loss) for the period before taxes9903 | -€7,165 | -€1,853 | -€6,039 | ▼ 226% |
| Profit (loss) for the period9904 | -€7,165 | -€1,853 | -€6,039 | ▼ 226% |
| Profit (loss) for the period to be appropriated9905 | -€7,165 | -€1,853 | -€6,039 | ▼ 226% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €81,472 | €85,139 | €79,533 | ▼ 6.6% |
| Fixed assets21/28 | - | €905 | €599 | ▼ 33.8% |
| Tangible fixed assets22/27 | - | €905 | €599 | ▼ 33.8% |
| Current assets29/58 | €81,472 | €84,234 | €78,934 | ▼ 6.3% |
| Stocks and contracts in progress3 | €925 | €2,944 | €4,405 | ▲ 49.6% |
| Amounts receivable within one year40/41 | €79,992 | €79,404 | €73,950 | ▼ 6.9% |
| Cash at bank and in hand54/58 | €555 | €1,752 | €442 | ▼ 74.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €81,472 | €85,139 | €79,533 | ▼ 6.6% |
| Equity10/15 | -€43,682 | -€45,536 | -€51,575 | ▼ 13.3% |
| Contributions10/11 | €18,592 | - | - | - |
| Reserves13 | €1,519 | €1,519 | €1,519 | = |
| Profit (loss) carried forward14 | -€63,793 | -€65,646 | -€71,686 | ▼ 9.2% |
| Amounts payable17/49 | €125,154 | €130,674 | €131,108 | ▲ 0.3% |
| Amounts payable within one year42/48 | €125,154 | €130,493 | €131,022 | ▲ 0.4% |
| Trade debts44 | €43,620 | €41,688 | €35,212 | ▼ 15.5% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,165 | -€1,853 | -€6,039 | ▼ 226% |
| + Depreciation and write-downs630 | - | €12 | €305 | ▲ 2,515% |
| Operating cash flow (approximation) | -€7,165 | -€1,842 | -€5,734 | ▼ 211% |
| Investment in fixed assets (approximation) | - | - | €0 | - |
| Change in cash | - | €1,196 | -€1,310 | ▼ 209% |
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
10-07
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Oostende · event 28-06-2024
2022
11-05
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Oostende · event 05-05-2022
2021
11-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
14-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
24-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
11-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
24-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2014
29-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2013
15-10
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2012
30-10
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
SignalNBB filing
0 of 2 acts read
About the unread acts
We know of 2 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
2 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 | JOHAN HERPELINCK PRINSENLAAN 2,
8400 OOSTENDE |
05-05-2022 → 28-06-2024 |