GO ALPHA
Open bankruptcyA bankruptcy procedure is open for GO ALPHA according to publications in the Belgian State Gazette; curator: FRANCOIS LIGOT.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three 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 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 5 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 31-08-2021, 31 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
31 d late
2019
117 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Equity
€-27k
2019 · €3k
2018: €12k
2019: €3k
2018 → 2020
Total assets
€108k▼ 14.5%
2019 · €126k
2018: €89k
2019: €126k
2018 → 2020
Net result
€-30k▼ 42.5%
2019 · €-21k
2018: €6k
2019: €-21k
2018 → 2020
Working capital
€-55k▼ 99.2%
2019 · €-28k
2018: €1k
2019: €-28k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€12k-€3k▼ 72.6%€-27k
Operating result€11k-€-18k€-28k▼ 54.3%
Net result€6k-€-21k€-30k▼ 42.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €28k in 2020 against €18k in 2019; the loss grows and 2020 has the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €108k
Fixed assets
€28k ▼ 9.1%
Current assets
€80k ▼ 16.3%
Key figures and ratios
EBITDA
€-19k▼
2019 · €-10k
Cash flow
€-21k▼
2019 · €-12k
Solvency
-24.9%▼
2019 · 2.6%
Current ratio
0.59▼
2019 · 0.78
Quick ratio
0.53▼
2019 · 0.72
ROA
-28.0%▼
2019 · -16.8%
Debt
€135k▲
2019 · €123k
Debt ≤ 1 year
€135k▲
2019 · €123k
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 · 23 lines
Balance sheet
Code20192020
Assets
Total assets20/58€126k€108k▼
Fixed assets21/28€31k€28k▼
Intangible fixed assets21€16k€12k▼
Tangible fixed assets22/27€15k€16k▲
Financial fixed assets28€300€300=
Current assets29/58€95k€80k▼
Stocks and contracts in progress3€7k€8k▲
Amounts receivable within one year40/41€67k€45k▼
Cash at bank and in hand54/58€21k€26k▲
Equity and liabilities
Total equity and liabilities10/49€126k€108k▼
Equity10/15€3k€-27k▼
Contributions10/11€19k-
Profit (loss) carried forward14€-15k€-45k▼
Amounts payable17/49€123k€135k▲
Amounts payable within one year42/48€123k€135k▲
Trade debts44€88k€74k▼
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€10k▲
Gross operating margin9900€132k€78k▼
Operating profit (loss)9901€-18k€-28k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€-21k€-30k▼
Profit (loss) for the period9904€-21k€-30k▼
Profit (loss) for the period to be appropriated9905€-21k€-30k▼
Timeline · acts, filings and financial milestones
2023
12-01
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 29-12-2022
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-30k
Net result drops to €-30k, the lowest in the series.
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 117 days late
2019
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 61 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | FRANCOIS LIGOT PLACE DU HAUT PRE, 10,
4000 LIEGE 1 |
29-12-2022 → present |