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Wolfpack.app

Open bankruptcy
Private limited company (pre-2019)founded 2018KBO/BCE: BE 0700.853.011

A bankruptcy procedure is open for Wolfpack.app according to publications in the Belgian Official Gazette; trustee: Rutger Belsack.

Summary

The file additionally contains 1 administrative flag. The 2022 annual accounts show equity of €4,360 and a net result of -€10,292.

Wolfpack.appOpen bankruptcy

Financials · financial year 2022, micro format

2022 annual accounts filed late (318 days) Filed on 13 June 2024, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2024-00127826.

Equity
€4,360▼ 70.2%
2021 · €14,652
Total assets
€8,564▼ 47.2%
2021 · €16,209
Net result
-€10,292▼ 7.2%
2021 · -€9,600
Working capital
-€3,763▼ 175%
2021 · -€1,369
Trend over the years

2019 to 2022, 4 financial years

The operating result stays negative: a loss of €9,879 in 2022 against €9,845 in 2021; the loss grows.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€9,879 2022 Net result-€10,292 2022

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022
Operating result-€11,523-€6,051-€9,845-€9,879▼ 0.3%
Net result-€11,589-€5,840-€9,600-€10,292▼ 7.2%
Equity€18,411-€24,252▲ 31.7%€14,652▼ 39.6%€4,360▼ 70.2%
Total assets€22,152-€25,287▲ 14.2%€16,209▼ 35.9%€8,564▼ 47.2%
Debt€3,740-€1,035▼ 72.3%€1,558▲ 50.5%€4,205▲ 170%
Working capital-€3,262-€333-€1,369-€3,763▼ 175%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €8,564
Fixed assets €8,123 ▼ 49.3%
Current assets €441 ▲ 134%
Equity and liabilities €8,564
Equity €4,360 ▼ 70.2%
Debt €4,205 ▲ 170%
Debt's share of the balance-sheet total rises from 9.6% to 49.1%. Equity is lower and debt is higher.
Key figures and ratios
2022 value · change against 2021
EBITDA
-€1,981▼
2021 · -€1,947
Cash flow
-€2,394▼
2021 · -€1,702
Current ratio
0.10▼
2021 · 0.12
Debt to equity
0.96▲
2021 · 0.11
ROE
-236.1%▼
2021 · -65.5%
ROA
-120.2%▼
2021 · -59.2%
Interest coverage
-4.79
Debt ≤ 1 year
€4,205▲
2021 · €1,558
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2022 against 2021 · 30 lines
Balance sheet Code20212022
Assets
Total assets20/58€16,209€8,564▼
Fixed assets21/28€16,021€8,123▼
Intangible fixed assets21€16,021€8,123▼
Current assets29/58€188€441▲
Amounts receivable within one year40/41€188€441▲
Other amounts receivable41€188€441▲
Cash at bank and in hand54/58€0-
Equity and liabilities
Total equity and liabilities10/49€16,209€8,564▼
Equity10/15€14,652€4,360▼
Contributions10/11€30,000€30,000=
Profit (loss) carried forward14-€15,348-€25,640▼
Amounts payable17/49€1,558€4,205▲
Amounts payable within one year42/48€1,558€4,205▲
Financial debts43€170€3,052▲
Credit institutions430/8€170€3,052▲
Trade debts44€1,387€1,152▼
Suppliers440/4€1,387€1,152▼
Income statement Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,898€7,898=
Other operating charges640/8€449€102▼
Gross operating margin9900-€1,499-€1,879▼
Operating profit (loss)9901-€9,845-€9,879▼
Financial income75/76B€245€0▼
Recurring financial income75€245€0▼
Financial charges65/66B€0€413▲
Recurring financial charges65€0€413▲
Profit (loss) for the period before taxes9903-€9,600-€10,292▼
Profit (loss) for the period9904-€9,600-€10,292▼
Profit (loss) for the period to be appropriated9905-€9,600-€10,292▼
Appropriation of the result
Profit (loss) to be appropriated9906-€15,348-€25,640▼
Profit (loss) brought forward from the previous period14P-€5,748-€15,348▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2019202020212022Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,377€7,002€7,898€7,898=
Other operating charges640/8--€449€102▼ 77.3%
Gross operating margin9900-€1,672€13,153-€1,499-€1,879▼ 25.4%
Operating profit (loss)9901-€11,523€6,051-€9,845-€9,879▼ 0.3%
Financial income75/76B--€245€0▼ 100%
Recurring financial income75--€245€0▼ 100%
Financial charges65/66B--€0€413-
Recurring financial charges65€66€211€0€413-
Profit (loss) for the period before taxes9903-€11,589€5,840-€9,600-€10,292▼ 7.2%
Profit (loss) for the period9904-€11,589€5,840-€9,600-€10,292▼ 7.2%
Profit (loss) for the period to be appropriated9905-€11,589€5,840-€9,600-€10,292▼ 7.2%
Line2019202020212022Change
Assets
Total assets20/58€22,152€25,287€16,209€8,564▼ 47.2%
Fixed assets21/28€21,674€23,919€16,021€8,123▼ 49.3%
Intangible fixed assets21€21,674€23,919€16,021€8,123▼ 49.3%
Current assets29/58€478€1,368€188€441▲ 134%
Amounts receivable within one year40/41€240€822€188€441▲ 134%
Other amounts receivable41--€188€441▲ 134%
Cash at bank and in hand54/58€238€545€0--
Equity and liabilities
Total equity and liabilities10/49€22,152€25,287€16,209€8,564▼ 47.2%
Equity10/15€18,411€24,252€14,652€4,360▼ 70.2%
Contributions10/11€30,000-€30,000€30,000=
Profit (loss) carried forward14-€11,589-€5,748-€15,348-€25,640▼ 67.1%
Amounts payable17/49€3,740€1,035€1,558€4,205▲ 170%
Amounts payable within one year42/48€3,740€1,035€1,558€4,205▲ 170%
Financial debts43--€170€3,052▲ 18×
Credit institutions430/8--€170€3,052▲ 18×
Trade debts44€3,740€1,035€1,387€1,152▼ 16.9%
Suppliers440/4--€1,387€1,152▼ 16.9%
Line2019202020212022Change
Profit (loss) for the period9904-€11,589€5,840-€9,600-€10,292▼ 7.2%
+ Depreciation and write-downs630€9,377€7,002€7,898€7,898=
Operating cash flow (approximation)-€2,211€12,842-€1,702-€2,394▼ 40.7%
Investment in fixed assets (approximation)--€9,247€0€0-
Change in cash-€307-€545--

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (4)
Financial year Type Filed Reference
31-12-2022 micro format 13-06-2024 2024-00127826
31-12-2021 micro format 30-09-2022 2022-20443667
31-12-2020 micro format 24-08-2021 2021-52400233
31-12-2019 micro format 03-08-2020 2020-37700342

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.