SQUINTZ
InactiveSQUINTZ was declared bankrupt on 01-02-2024 (Ondernemingsrechtbank Gent, afdeling Brugge); the bankruptcy was closed for insufficient assets by judgment of 01-12-2025, published in the Belgian State Gazette on 04-12-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline25-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 30-08-2022, 30 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
30 d late
2020
31 d late
2019
61 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€-24k▼ 596%
2020 · €-3k
2018: €28k
2019: €20k
2020: €-3k
2018 → 2021
Total assets
€15k▼ 65.2%
2020 · €43k
2018: €85k
2019: €63k
2020: €43k
2018 → 2021
Net result
€-21k▲ 11.7%
2020 · €-24k
2018: €17k
2019: €-8k
2020: €-24k
2018 → 2021
Working capital
€-29k▼ 107%
2020 · €-14k
2018: €10k
2019: €4k
2020: €-14k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€28k-€20k▼ 27.9%€-3k€-24k▼ 596%
Operating result€24k-€-6k€-22k▼ 241%€-20k▲ 8.9%
Net result€17k-€-8k€-24k▼ 203%€-21k▲ 11.7%
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 €20k in 2021 against €22k in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €15k
Fixed assets
€5k ▼ 56.2%
Current assets
€10k ▼ 68.1%
Key figures and ratios
EBITDA
€-14k▲
2020 · €-16k
Cash flow
€-15k▲
2020 · €-18k
Solvency
-162.0%▼
2020 · -8.1%
Current ratio
0.27▼
2020 · 0.70
Debt to equity
-1.62
ROA
-138.8%▼
2020 · -54.6%
Interest coverage
-17.22
Debt
€39k▼
2020 · €47k
Debt ≤ 1 year
€39k▼
2020 · €47k
Income taxes
€-164▼
2020 · €420
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 · 2021 against 2020 · 41 lines
Balance sheet
Code20202021
Assets
Total assets20/58€43k€15k▼
Fixed assets21/28€10k€5k▼
Intangible fixed assets21€7k€4k▼
Tangible fixed assets22/27€3k€750▼
Furniture and vehicles24-€750
Current assets29/58€33k€10k▼
Amounts receivable within one year40/41€27k€6k▼
Trade receivables40-€6k
Other amounts receivable41-€270
Cash at bank and in hand54/58€5k€2k▼
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€43k€15k▼
Equity10/15€-3k€-24k▼
Contributions10/11-€6k
Reserves13€2k€2k=
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Profit (loss) carried forward14€-12k€-32k▼
Amounts payable17/49€47k€39k▼
Amounts payable within one year42/48€47k€39k▼
Current portion of amounts payable after more than one year42-€11k
Trade debts44€24k€22k▼
Suppliers440/4-€22k
Taxes, remuneration and social security45-€5k
Taxes450/3-€5k
Other amounts payable47/48-€2k
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k=
Other operating charges640/8-€1k
Non-recurring operating charges66A-€810
Gross operating margin9900€-15k€-12k▲
Operating profit (loss)9901€-22k€-20k▲
Financial income75/76B-€5
Recurring financial income75€28€5▼
Financial charges65/66B-€828
Recurring financial charges65€1k€828▼
Profit (loss) for the period before taxes9903€-23k€-21k▲
Income taxes67/77€420€-164▼
Profit (loss) for the period9904€-24k€-21k▲
Profit (loss) for the period to be appropriated9905€-24k€-21k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-32k
Profit (loss) brought forward from the previous period14P-€-12k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
04-12
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Brugge · event 01-12-2025
2024
20-02
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Brugge · event 01-02-2024
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-24k
Net result drops to €-24k, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 385 days late
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 91 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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 | FILIP MELIS PASTORIESTRAAT 336, 8200 BRUGGE- |
01-02-2024 → 01-12-2025 |
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 38 EUR awarded · 38 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 38 EUR | 38 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)