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Yassin-Electronics

Open bankruptcy
Private limited company (pre-2019)founded 2014KBO/BCE: BE 0561.836.668

A bankruptcy procedure is open for Yassin-Electronics according to publications in the Belgian Official Gazette; trustee: Herman Hellenbosch.

Summary

The 2020 annual accounts show equity of €6,914 and a net result of €8,215.

Yassin-ElectronicsOpen bankruptcy

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

The judgment is more than a year old: a claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.

The procedure

Court
Enterprise Court of Antwerp, Antwerp division
Declared bankrupt
20 October 2022
Supervising judge
Sonja Stuer
Official Gazette
26-10-2022 (pdf) ↗search the document for 2022/138666

Deadlines

Provisional date payments stopped
20 October 2022A later judgment can change the date.art. XX.105, Code of Economic Law
Appeal or third-party opposition until
passed on 10 November 2022Fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
First verification report
passed on 18 November 2022Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
File the claim in RegSol, the Belgian insolvency register, until
passed on 19 November 2022art. XX.104 and XX.155, Code of Economic Law
Late claim until
passed on 20 October 2023A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law

Trustee

What to do now

  1. The deadlines to file your claim have passed, including for a late claim: that was possible until a year after the judgment.
  2. Ask the trustee whether anything will still be paid out and whether your claim was admitted.
  3. Follow the file in RegSol: the trustee's reports appear there.
  4. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered, subject to conditions.

The judgment is more than a year old: the deadline for a late claim (art. XX.165, Code of Economic Law) has passed too.

View the file in RegSol ↗ Follow Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.Creditor guide for this company

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Overview

Activity
Retail sale of electrical household appliances
NACE 47540
1 site
Size
€20,243total assets 2020
Equity
€6,914
Profit
€8,215
Turnover not published (micro format)
Financial health
Open bankruptcy: no score
Structure
2 deeds in the Belgian Official Gazette
Signalsraises riskOpen bankruptcyneutralLatest accounts filed on timeShow the evidence

Signals

Two signals.
raises riskneutral
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgian Official Gazette. Claims are handled by the appointed trustee. The KBO register also records: open bankruptcy.
Belgian Official Gazette
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 28-07-2021, 3 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2021
not filed
2020
3 days early
2019
32 days late
2018
12 days early
2017
16 days late
2016
2 days early
2015
10 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 4 days after the deadline; the sector median (NACE 47) for financial year 2021 is 2 days after the deadline, and 51% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. OpeningEnterprise Court of Antwerp, Antwerp…
  2. Annual accounts filedfinancial year 2020 · micro…
  3. Highest result from 2018 to 2020net €8,215 ▲2,541%

Financials · financial year 2020, micro format

Equity
€6,914
2019 · -€1,302
Total assets
€20,243▲ 52.6%
2019 · €13,266
Net result
€8,215▲ 26×
2019 · €311
Working capital
-€356▲ 96.5%
2019 · -€10,162
Trend over the years

2018 to 2020, 3 financial years 2018 to 2020, 3 financial years

The operating result has risen two years in a row; 2020 is 20 times 2019 and is the highest result in the available series.

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

Operating result€8,276 2020 Net result€8,215 2020

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

Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line201820192020
Operating result-€3,061-€412€8,276▲ 20×
Net result-€3,111-€311€8,215within the sector's middle half▲ 26×
Equity-€1,613--€1,302▲ 19.3%€6,914within the sector's middle half
Total assets€4,015-€13,266▲ 230%€20,243below the sector's middle half▲ 52.6%
Debt€5,628-€14,568▲ 159%€13,329▼ 8.5%
Working capital-€1,853--€10,162▼ 448%-€356within the sector's middle half▲ 96.5%
Solvency-9.8%34.2%within the sector's middle half▲ 44.0pp
Current ratio0.300.97within the sector's middle half▲ 0.67
Return on assets (ROA)2.3%40.6%above the sector's middle half▲ 38.2pp
above within below the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €20,243
Fixed assets €7,270 ▼ 17.9%
Current assets €12,973 ▲ 194%
Equity and liabilities €20,243
Equity €6,914
Debt €13,329
Debt finances 65.8% of the balance-sheet total.
Key figures and ratios
2020 value · change against 2019
EBITDA
€9,866▲
2019 · €2,242
Cash flow
€9,805▲
2019 · €2,141
Quick ratio
0.79▲
2019 · 0.05
ROE
118.8%
Debt ≤ 1 year
€13,329▼
2019 · €14,568
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 · 2020 against 2019 · 22 lines
Balance sheet Code20192020
Assets
Total assets20/58€13,266€20,243▲
Fixed assets21/28€8,860€7,270▼
Tangible fixed assets22/27€6,360€4,770▼
Financial fixed assets28€2,500€2,500=
Current assets29/58€4,406€12,973▲
Stocks and contracts in progress3€3,640€2,498▼
Amounts receivable within one year40/41-€4,739
Cash at bank and in hand54/58€322€5,736▲
Equity and liabilities
Total equity and liabilities10/49€13,266€20,243▲
Equity10/15-€1,302€6,914▲
Contributions10/11€6,200-
Profit (loss) carried forward14-€7,502€714▲
Amounts payable17/49€14,568€13,329▼
Amounts payable within one year42/48€14,568€13,329▼
Trade debts44€3,095€3,606▲
Income statement Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,830€1,590▼
Gross operating margin9900€3,442€10,850▲
Operating profit (loss)9901€412€8,276▲
Recurring financial charges65€101€61▼
Profit (loss) for the period before taxes9903€311€8,215▲
Profit (loss) for the period9904€311€8,215▲
Profit (loss) for the period to be appropriated9905€311€8,215▲
Line201820192020Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€360€1,830€1,590▼ 13.1%
Gross operating margin9900-€741€3,442€10,850▲ 215%
Operating profit (loss)9901-€3,061€412€8,276▲ 20×
Recurring financial charges65€50€101€61▼ 39.6%
Profit (loss) for the period before taxes9903-€3,111€311€8,215▲ 26×
Profit (loss) for the period9904-€3,111€311€8,215▲ 26×
Profit (loss) for the period to be appropriated9905-€3,111€311€8,215▲ 26×
Line201820192020Change
Assets
Total assets20/58€4,015€13,266€20,243▲ 52.6%
Fixed assets21/28€240€8,860€7,270▼ 17.9%
Tangible fixed assets22/27€240€6,360€4,770▼ 25.0%
Financial fixed assets28-€2,500€2,500=
Current assets29/58€3,775€4,406€12,973▲ 194%
Stocks and contracts in progress3€2,115€3,640€2,498▼ 31.4%
Amounts receivable within one year40/41--€4,739-
Cash at bank and in hand54/58€1,660€322€5,736▲ 18×
Equity and liabilities
Total equity and liabilities10/49€4,015€13,266€20,243▲ 52.6%
Equity10/15-€1,613-€1,302€6,914-
Contributions10/11€6,200€6,200--
Profit (loss) carried forward14-€7,813-€7,502€714-
Amounts payable17/49€5,628€14,568€13,329▼ 8.5%
Amounts payable within one year42/48€5,628€14,568€13,329▼ 8.5%
Trade debts44€242€3,095€3,606▲ 16.5%
Line201820192020Change
Profit (loss) for the period9904-€3,111€311€8,215▲ 26×
+ Depreciation and write-downs630€360€1,830€1,590▼ 13.1%
Operating cash flow (approximation)-€2,751€2,141€9,805▲ 358%
Investment in fixed assets (approximation)--€10,450€0-
Change in cash--€1,338€5,414-

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 (6)
Financial year Type Filed Reference
31-12-2020 micro format 28-07-2021 2021-42100365
31-12-2019 micro format 01-09-2020 2020-49900026
31-12-2018 micro format 19-07-2019 2019-35000485
31-12-2017 micro format 16-08-2018 2018-46300179
31-12-2016 micro format 29-07-2017 2017-39100582
31-12-2015 abbreviated format 21-07-2016 2016-34200257

Similar companies · same sector, comparable size

Of the 1,493 active companies whose main activity is retail sale of electrical household appliances (NACE 47540), figures are known for 807. 226 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

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

Directors

Directors
No directors read yet: 0 of 2 Gazette acts processed. See the directors and other office holders in the KBO →

Insolvency mandates

1 mandate
Role Name Tenure
Trustee Herman Hellenbosch
Amerikalei 160, 2000 Antwerpen 1
20-10-2022 → present

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

Yassin-Electronics was incorporated on 10 September 2014.1 Total assets rose from €4,015 in 2018 to €20,243 in 2020.2 On 20 October 2022 the company was declared bankrupt.3

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2020
  3. 3Belgian Official Gazette, 26-10-2022

Acts, filings and financial milestones

2022
26-10
Bankruptcy Opening
Enterprise Court of Antwerp, Antwerp division · judgment of 20-10-2022
2021
28-07
NBB filing Annual accounts filed
financial year 2020 · micro format
2020
31-12
Financial Highest result from 2018 to 2020net €8,215 ▲2,541%
Operating result €8,276, net result €8,215, both a record.
01-09
NBB filing Annual accounts filed
financial year 2019 · micro format · 32 days late
2019
31-12
Financial Back to profitnet €311
Net result €311 after one loss-making year.
19-07
NBB filing Annual accounts filed
financial year 2018 · micro format
2018
16-08
NBB filing Annual accounts filed
financial year 2017 · micro format · 16 days late
2017
29-07
NBB filing Annual accounts filed
financial year 2016 · micro format
2016
21-07
NBB filing Annual accounts filed
financial year 2015 · abbreviated format
SignalFinancial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 2 deeds read
About the unread acts

We know of 2 Belgian Official Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPrivate limited company (pre-2019)
Founded10-09-2014
Financial year end31-12
Activities, NACEBEL 2025
47540Retail sale of electrical household appliances
E-invoicing
Not found in the Peppol Directory

No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.

Register as of 27 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2014
registered office establishment The establishment unit on the map
Ground area
123 m²
Building footprint
123 m²
Building volume
1,315 m³
Parcel 11805E0441/00S014, Flanders · tallest building 14.9 m. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Yassin-Electronics
Retail sale of electrical household appliances
since 2014unit no. 2.235.397.563
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
11805E0441/00S014 Flanders 123 m² 1 · 123 m² 14.9 m · 4
How the parcels are linked
Good to know
The parcel matches the address exactly.