BS Infinity
Open bankruptcyA bankruptcy procedure is open for BS Infinity according to publications in the Belgian State Gazette; curator: MICHIEL VERRAES.
Summary
The 2020 annual accounts show equity of €84k and a net result of €-9k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Turnover
€1.81M
EBIT margin
4.1%
Net result
€-9k
2019 · €55k
2018: €1k
2019: €55k▲ +4039% vs 2018highest in 3 years
2020: €-9k▼ -115% vs 2019lowest in 3 years
2018 → 2020
Working capital
€36k▼ 25.0%
2019 · €48k
2018: €1klowest in 3 years
2019: €48k▲ +4573% vs 2018highest in 3 years
2020: €36k▼ -25.0% vs 2019
2018 → 2020
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Turnover€1.81M
Equity€37k-€93k▲ 148%€84k▼ 9.2%
2018: €37klowest in 3 years
2019: €93k▲ +148% vs 2018highest in 3 years
2020: €84k▼ -9.2% vs 2019
Operating result€2k-€74k▲ 3,857%€-12k
2018: €2k
2019: €74k▲ +3857% vs 2018highest in 3 years
2020: €-12k▼ -116% vs 2019lowest in 3 years
Net result€1k-€55k▲ 4,039%€-9k
2018: €1k
2019: €55k▲ +4039% vs 2018highest in 3 years
2020: €-9k▼ -115% vs 2019lowest in 3 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €12k after €74k in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €314k
Fixed assets
€48k ▲ 7.3%
Current assets
€265k ▼ 43.4%
Equity and liabilities €314k
Equity
€84k ▼ 9.2%
Debt
€230k ▼ 45.4%
Debt's share of the balance-sheet total falls from 82.0% to 73.2%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.16▲
2019 · 1.11
ROE
-10.2%▼
2019 · 59.7%
ROA
-2.7%▼
2019 · 10.8%
Debt ≤ 1 year
€230k▼
2019 · €421k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2020 against 2019 · 25 lines
Balance sheet
Code20192020
Assets
Total assets20/58€514k€314k▼
Fixed assets21/28€45k€48k▲
Tangible fixed assets22/27€45k€48k▲
Financial fixed assets28€280€780▲
Current assets29/58€469k€265k▼
Amounts receivable within one year40/41€387k€243k▼
Cash at bank and in hand54/58€79k€19k▼
Equity and liabilities
Total equity and liabilities10/49€514k€314k▼
Equity10/15€93k€84k▼
Contributions10/11€36k-
Reserves13€3k€3k=
Profit (loss) carried forward14€54k€45k▼
Amounts payable17/49€421k€230k▼
Amounts payable within one year42/48€421k€230k▼
Trade debts44€371k€175k▼
Income statement
Code20192020
Turnover70€1.81M-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k-
Gross operating margin9900€102k€28k▼
Operating profit (loss)9901€74k€-12k▼
Recurring financial income75€898€5k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€74k€-9k▼
Income taxes67/77€18k-
Profit (loss) for the period9904€55k€-9k▼
Profit (loss) for the period to be appropriated9905€55k€-9k▼
Accounts by statement
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Turnover70 | - | €1.81M | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €9k | - | - |
| Gross operating margin9900 | €4k | €102k | €28k | ▼ 72.9% |
| Operating profit (loss)9901 | €2k | €74k | €-12k | ▼ 116% |
| Recurring financial income75 | €118 | €898 | €5k | ▲ 457% |
| Recurring financial charges65 | €152 | €1k | €2k | ▲ 23.3% |
| Profit (loss) for the period before taxes9903 | €2k | €74k | €-9k | ▼ 112% |
| Income taxes67/77 | €500 | €18k | - | - |
| Profit (loss) for the period9904 | €1k | €55k | €-9k | ▼ 115% |
| Profit (loss) for the period to be appropriated9905 | €1k | €55k | €-9k | ▼ 115% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €52k | €514k | €314k | ▼ 38.9% |
| Fixed assets21/28 | €36k | €45k | €48k | ▲ 7.3% |
| Tangible fixed assets22/27 | €36k | €45k | €48k | ▲ 6.3% |
| Financial fixed assets28 | - | €280 | €780 | ▲ 179% |
| Current assets29/58 | €16k | €469k | €265k | ▼ 43.4% |
| Amounts receivable within one year40/41 | €16k | €387k | €243k | ▼ 37.2% |
| Cash at bank and in hand54/58 | €1 | €79k | €19k | ▼ 75.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €52k | €514k | €314k | ▼ 38.9% |
| Equity10/15 | €37k | €93k | €84k | ▼ 9.2% |
| Contributions10/11 | €36k | €36k | - | - |
| Reserves13 | €70 | €3k | €3k | = |
| Profit (loss) carried forward14 | €1k | €54k | €45k | ▼ 16.0% |
| Amounts payable17/49 | €15k | €421k | €230k | ▼ 45.4% |
| Amounts payable within one year42/48 | €15k | €421k | €230k | ▼ 45.4% |
| Trade debts44 | €13k | €371k | €175k | ▼ 52.7% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €55k | €-9k | ▼ 115% |
| + Depreciation and write-downs630 | €2k | €9k | - | - |
| Operating cash flow (approximation) | €3k | €64k | €-9k | ▼ 113% |
| Investment in fixed assets (approximation) | - | €-18k | €-3k | ▲ 81.1% |
| Change in cash | - | €79k | €-60k | ▼ 176% |
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
2023
19-09
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 12-09-2023
2021
03-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 125 days late
2020
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series.
02-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 94 days late
2019
31-12
Financial
Highest result since 2018net €55k ▲4,039%
Operating result €74k, net result €55k, both a record.
16-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 47 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Linkebeek · 1 establishment unit since 2018
Ground area
1,134 m²
Building footprint
561 m²
Volume, LiDAR
4,367 m³
Parcel 22003A0047/00X008, Flanders · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
78
companies at this address
See who is registered here
1 establishment unit
LEANOV
since 20182.285.206.073
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22003A0047/00X008 | Flanders | 1,134 m² | 1 · 561 m² | 11.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MICHIEL VERRAES EDMOND TOLLENAERE-
STRAAT 56-79 B23, 1020 BRUSSEL 2 |
12-09-2023 → present |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded08-08-2018
Fiscal year end31-12
Contact
Scores and ratios are computed by Checked and are not a credit decision.