WOW IT'S BEAUTIFUL

Open bankruptcy

Private limited company (pre-2019)founded 2018Voie de l'Air Pur 185, 4052 Chaudfontaine, BelgiumKBO/BCE: BE 0713.420.647

A bankruptcy procedure is open for WOW IT'S BEAUTIFUL according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €16k and a net result of €10k.

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Signals

Three signals.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2022, micro schema

Equity

€16k▲ 139%

2021 · €7k

2019: €-45k 2020: €-29k 2021: €7k

2019 → 2022

Total assets

€157k▼ 16.0%

2021 · €186k

2019: €164k 2020: €99k 2021: €186k

2019 → 2022

Net result

€10k▼ 73.1%

2021 · €35k

2019: €-95k 2020: €16k 2021: €35k

2019 → 2022

Working capital

€-36k▼ 1.5%

2021 · €-36k

2019: €-47k 2020: €-81k 2021: €-36k

2019 → 2022

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2019202020212022Trend

Equity€-45k-€-29k▲ 35.9%€7k€16k▲ 139%

Operating result€-95k-€16k€35k▲ 121%€10k▼ 72.6%

Net result€-95k-€16k€35k▲ 121%€10k▼ 73.1%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2022; 2022 is 73% below 2021.

Balance-sheet composition

2022 in colour, 2021 as the grey bar beneath

Assets €157k

33.4%

66.6%

Fixed assets €52k▲ 23.7%

Current assets €104k▼ 27.6%

Equity and liabilities €157k

10%

89.6%

Equity €16k▲ 139%

Debt €140k▼ 21.9%

The debt ratio falls from 96.3% to 89.6%: equity grows while debt is paid down.

Key figures and ratios

2022 value · change against 2021

Solvency

10.4%▲

2021 · 3.7%

Current ratio

0.74▼

2021 · 0.80

Quick ratio

0.74▼

2021 · 0.80

Debt / equity

8.58▼

2021 · 26.25

ROE

58.2%▼

2021 · 517.4%

ROA

6.1%▼

2021 · 19.0%

Debt

€140k▼

2021 · €180k

Debt ≤ 1 year

€140k▼

2021 · €180k

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 · 2022 against 2021

Balance sheet Code20212022

Assets

Total assets20/58€186k€157k▼

Fixed assets21/28€42k€52k▲

Intangible fixed assets21€40k€50k▲

Financial fixed assets28€2k€2k=

Current assets29/58€144k€104k▼

Amounts receivable within one year40/41€144k€104k▼

Trade receivables40€141k€92k▼

Other amounts receivable41€3k€12k▲

Cash at bank and in hand54/58-€336

Equity and liabilities

Total equity and liabilities10/49€186k€157k▼

Equity10/15€7k€16k▲

Contributions10/11€50k€50k=

Profit (loss) carried forward14€-43k€-34k▲

Amounts payable17/49€180k€140k▼

Amounts payable within one year42/48€180k€140k▼

Trade debts44€74k€75k▲

Suppliers440/4€74k€75k▲

Other amounts payable47/48€106k€65k▼

Income statement Code20212022

Non-recurring operating income76A-€10k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k-

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€3k

Other operating charges640/8€277€220▼

Gross operating margin9900€46k€13k▼

Operating profit (loss)9901€35k€10k▼

Financial charges65/66B-€194

Recurring financial charges65-€194

Profit (loss) for the period before taxes9903€35k€10k▼

Profit (loss) for the period9904€35k€10k▼

Profit (loss) for the period to be appropriated9905€35k€10k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-43k€-34k▲

Profit (loss) brought forward from the previous period14P€-79k€-43k▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Signals 1Financial 2Filings 4

2024

10-12

Bankruptcy Opening

Tribunal de l’entreprise de Liège, division Liège · WOW IT’S BEAUTIFUL SRL VOIE DE L’AIR PUR 185/I, 4052 BEAUFAYS · event 02-12-2024

13-05

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 287 days late

2023

06-04

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 249 days late

2021

31-12

Financial Highest result since 2019net €35k ▲121%

Operating result €35k, net result €35k, both a record.

30-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 30 days late

2020

31-12

Financial Back to profitnet €16k

Net result €16k after one loss-making year.

11-12

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 133 days late

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 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

Registered office, Chaudfontaine · 1 establishment unit since 2018

establishment The establishment unit on the map

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.

Voie de l'Air Pur 1854052 Chaudfontaine

Ground area

2,706 m²

Building footprint

254 m²

Volume, LiDAR

2,348 m³

2 parcels, Wallonia · tallest building 16.1 m, ±5 floors. Linked by address, not a title deed.

1 establishment unit

WAW

Rue du Vieux-Mayeur 51, 4000 LiègeReal estate development

since 20182.326.405.240

2 parcels

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62012B0180/00E005	Wallonia	2,567 m²	1 · 191 m²	9.6 m · 2 fl.
62814C0092/00V003	Wallonia	139 m²	1 · 62 m²	16.1 m · 5 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Insolvency mandates

2 mandates

Role	Name	Tenure
Curator	JOELLE DECHARNEUX RUE LOUVREX 55-57, 4000 LIEGE 1	02-12-2024 → present
Curator	SANDRINE EVRARD RUE MATTéOTTI 34, 4102 OUGREE	02-12-2024 → present