WORLD TECH
Open bankruptcyA bankruptcy procedure is open for WORLD TECH according to publications in the Belgian State Gazette; curator: JEROME HENRI.
Summary
Inactive; last annual accounts for fiscal year 2017.
Signals
Four 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 31-12-2017. Since then, 8 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2018 close31-07-2019 deadline23-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 08-08-2018, 8 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
Financials · fiscal year 2017, micro schema
Turnover
€89k▼ 20.0%
2016 · €111k
2013: €110k
2014: €88k
2015: €111k
2016: €111k
2013 → 2017
EBIT margin
6.4%▼ 2.1pp
2016 · 8.5%
2013: -2.6%
2014: 12.5%
2015: 7.4%
2016: 8.5%
2013 → 2017
Net result
€-4k
2016 · €1k
2013: €-7k
2014: €213
2015: €-203
2016: €1k
2013 → 2017
Working capital
€21k▼ 11.5%
2016 · €24k
2013: €18k
2014: €20k
2015: €21k
2016: €24k
2013 → 2017
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20132014201520162017Trend
Turnover€110k-€88k▼ 19.7%€111k▲ 26.1%€111k▲ 0.1%€89k▼ 20.0%
Equity€26k-€26k▲ 0.8%€26k▼ 0.8%€27k▲ 5.1%€23k▼ 15.7%
Operating result€-3k-€11k€8k▼ 25.0%€9k▲ 14.5%€6k▼ 39.8%
Net result€-7k-€213€-203€1k€-4k
Result per fiscal year
Operating resultNet result
The operating result falls in 2017; 2017 is 40% below 2016.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €262k
Fixed assets
€2k▼ 48.9%
Current assets
€261k▲ 11.7%
Equity and liabilities €262k
Equity
€23k▼ 15.7%
Debt
€240k▲ 14.4%
The debt ratio rises from 88.5% to 91.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€7k▼
2016 · €11k
Cash flow
€-3k▼
2016 · €3k
Solvency
8.7%▼
2016 · 11.5%
Current ratio
1.09▼
2016 · 1.12
Quick ratio
0.00▼
2016 · 0.00
ROE
-18.7%▼
2016 · 4.9%
ROA
-1.6%▼
2016 · 0.6%
Debt
€240k▲
2016 · €209k
Debt ≤ 1 year
€240k▲
2016 · €209k
Income taxes
€1k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2017 against 2016
Balance sheet
Code20162017
Assets
Total assets20/58€237k€262k▲
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€3k€1k▼
Financial fixed assets28€234€234=
Current assets29/58€233k€261k▲
Stocks and contracts in progress3€233k€260k▲
Amounts receivable within one year40/41€898€865▼
Equity and liabilities
Total equity and liabilities10/49€237k€262k▲
Equity10/15€27k€23k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Profit (loss) carried forward14€7k€2k▼
Amounts payable17/49€209k€240k▲
Amounts payable within one year42/48€209k€240k▲
Trade debts44€134k€163k▲
Income statement
Code20162017
Turnover70€111k€89k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Gross operating margin9900€12k€9k▼
Operating profit (loss)9901€9k€6k▼
Recurring financial charges65€8k€9k▲
Profit (loss) for the period before taxes9903€1k€-3k▼
Income taxes67/77-€1k
Profit (loss) for the period9904€1k€-4k▼
Profit (loss) for the period to be appropriated9905€1k€-4k▼
Timeline · acts, filings and financial milestones
2022
21-03
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · WORLD TECH SRL BOULEVARD DU JUBILE 195, 1080 MOLENBEEK-SAINT-JEAN · event 14-03-2022
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 8 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
2016
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 23 days late
2015
09-10
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 70 days late
2014
31-12
Financial
Back to profitnet €213
Net result €213 after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 26 days late
2013
01-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 1 day late
2012
17-08
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 17 days late
2011
25-08
NBB filing
Annual accounts filed
fiscal year 2010 · full schema · 25 days late
2010
09-06
NBB filing
Annual accounts filed
fiscal year 2009 · full schema
2009
26-08
NBB filing
Annual accounts filed
fiscal year 2008 · full schema · 26 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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 | JEROME HENRI AVENUE ROGER VANDEN-
DRIESSCHE 18, 1150 BRUXELLES 15 |
14-03-2022 → present |