@wire
Open bankruptcyA bankruptcy procedure is open for @wire according to publications in the Belgian State Gazette; curator: SILVY STERCKX.
Summary
The 2020 annual accounts show equity of €263k and a net result of €70k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 31-07-2021, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
on the day
2019
21 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, abbreviated schema
Turnover
€1.38M
EBIT margin
7.2%
Net result
€70k▼ 28.0%
2019 · €97k
2018: €83k
2019: €97k▲ +16.6% vs 2018highest in 3 years
2020: €70k▼ -28.0% vs 2019lowest in 3 years
2018 → 2020
Working capital
€251k▲ 21.3%
2019 · €207k
2018: €136klowest in 3 years
2019: €207k▲ +51.5% vs 2018
2020: €251k▲ +21.3% vs 2019highest in 3 years
2018 → 2020
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Turnover€1.38M
Equity€171k-€239k▲ 39.1%€263k▲ 10.4%
2018: €171klowest in 3 years
2019: €239k▲ +39.1% vs 2018
2020: €263k▲ +10.4% vs 2019highest in 3 years
Operating result€119k-€147k▲ 23.9%€100k▼ 31.8%
2018: €119k
2019: €147k▲ +23.9% vs 2018highest in 3 years
2020: €100k▼ -31.8% vs 2019lowest in 3 years
Net result€83k-€97k▲ 16.6%€70k▼ 28.0%
2018: €83k
2019: €97k▲ +16.6% vs 2018highest in 3 years
2020: €70k▼ -28.0% vs 2019lowest in 3 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2020; 2020 is 32% below 2019 and is the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €575k
Fixed assets
€71k ▲ 44.6%
Current assets
€504k ▲ 15.1%
Equity and liabilities €575k
Equity
€263k ▲ 10.4%
Debt
€311k ▲ 25.5%
Debt's share of the balance-sheet total rises from 51.0% to 54.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€111k▼
2019 · €158k
Cash flow
€81k▼
2019 · €108k
Current ratio
1.99▲
2019 · 1.90
Quick ratio
1.07▲
2019 · 0.88
Debt to equity
0.22▲
2019 · 0.07
ROE
26.5%▼
2019 · 40.7%
ROA
12.2%▼
2019 · 19.9%
Debt ≤ 1 year
€253k▲
2019 · €231k
Debt > 1 year
€58k▲
2019 · €17k
Income taxes
€25k▼
2019 · €43k
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 · 28 lines
Balance sheet
Code20192020
Assets
Total assets20/58€487k€575k▲
Fixed assets21/28€49k€71k▲
Tangible fixed assets22/27€47k€69k▲
Financial fixed assets28€2k€2k=
Current assets29/58€438k€504k▲
Stocks and contracts in progress3€235k€232k▼
Amounts receivable within one year40/41€172k€212k▲
Cash at bank and in hand54/58€31k€58k▲
Equity and liabilities
Total equity and liabilities10/49€487k€575k▲
Equity10/15€239k€263k▲
Contributions10/11€19k-
Reserves13€220k€245k▲
Profit (loss) carried forward14€11€11=
Amounts payable17/49€248k€311k▲
Amounts payable after more than one year17€17k€58k▲
Amounts payable within one year42/48€231k€253k▲
Trade debts44€76k€83k▲
Income statement
Code20192020
Turnover70-€1.38M
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k▲
Gross operating margin9900€392k€300k▼
Operating profit (loss)9901€147k€100k▼
Recurring financial income75€39€2k▲
Recurring financial charges65€7k€7k▲
Profit (loss) for the period before taxes9903€140k€95k▼
Income taxes67/77€43k€25k▼
Profit (loss) for the period9904€97k€70k▼
Profit (loss) for the period to be appropriated9905€97k€70k▼
Appropriation of the result
Return on contributions (dividend)694€30k€45k▲
Accounts by statement
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Turnover70 | - | - | €1.38M | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €11k | €11k | ▲ 2.2% |
| Gross operating margin9900 | €289k | €392k | €300k | ▼ 23.4% |
| Operating profit (loss)9901 | €119k | €147k | €100k | ▼ 31.8% |
| Recurring financial income75 | €49 | €39 | €2k | ▲ 4,670% |
| Recurring financial charges65 | €8k | €7k | €7k | ▲ 5.4% |
| Profit (loss) for the period before taxes9903 | €111k | €140k | €95k | ▼ 32.4% |
| Income taxes67/77 | €27k | €43k | €25k | ▼ 42.2% |
| Profit (loss) for the period9904 | €83k | €97k | €70k | ▼ 28.0% |
| Profit (loss) for the period to be appropriated9905 | €83k | €97k | €70k | ▼ 28.0% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €354k | €487k | €575k | ▲ 18.1% |
| Fixed assets21/28 | €60k | €49k | €71k | ▲ 44.6% |
| Tangible fixed assets22/27 | €58k | €47k | €69k | ▲ 46.6% |
| Financial fixed assets28 | €2k | €2k | €2k | = |
| Current assets29/58 | €294k | €438k | €504k | ▲ 15.1% |
| Stocks and contracts in progress3 | €92k | €235k | €232k | ▼ 1.3% |
| Amounts receivable within one year40/41 | €188k | €172k | €212k | ▲ 23.4% |
| Cash at bank and in hand54/58 | €13k | €31k | €58k | ▲ 88.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €354k | €487k | €575k | ▲ 18.1% |
| Equity10/15 | €171k | €239k | €263k | ▲ 10.4% |
| Contributions10/11 | €19k | €19k | - | - |
| Reserves13 | €153k | €220k | €245k | ▲ 11.3% |
| Profit (loss) carried forward14 | €11 | €11 | €11 | = |
| Amounts payable17/49 | €182k | €248k | €311k | ▲ 25.5% |
| Amounts payable after more than one year17 | €24k | €17k | €58k | ▲ 246% |
| Amounts payable within one year42/48 | €157k | €231k | €253k | ▲ 9.7% |
| Trade debts44 | €56k | €76k | €83k | ▲ 8.9% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €83k | €97k | €70k | ▼ 28.0% |
| + Depreciation and write-downs630 | €12k | €11k | €11k | ▲ 2.2% |
| Operating cash flow (approximation) | €95k | €108k | €81k | ▼ 25.0% |
| Investment in fixed assets (approximation) | - | €0 | €-33k | - |
| Change in cash | - | €18k | €27k | ▲ 53.6% |
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
2022
21-03
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 15-03-2022
2021
31-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €70k ▼28%
Net result drops to €70k, the lowest in the series.
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 21 days late
2019
31-12
Financial
Highest result since 2018net €97k ▲16.6%
Operating result €147k, net result €97k, both a record.
31-12
Financial
Equity above €200kEq €239k ▲39.1%
2 profitable years in a row build equity to €239k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
25-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 25 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
14-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
19-01
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
05-02
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 5 days late
2013
15-02
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 15 days late
2012
30-08
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 212 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Antwerpen · 1 establishment unit since 2006
Ground area
167 m²
Building footprint
144 m²
Volume, LiDAR
956 m³
Parcel 11012A0119/00C006, Flanders · tallest building 8.1 m, ±3 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
@wire
since 20062.155.886.564
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11012A0119/00C006 | Flanders | 166 m² | 1 · 144 m² | 8.1 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 | SILVY STERCKX ANDRE HERMANSLAAN 16,
2100 DEURNE (ANTWERPEN) |
15-03-2022 → present |
Recognitions · licences · registrations
Dual-learning approval
4 endedElektrische installaties duaal (so)
Elektrotechnisch installateur (vwo)
Industrieel elektrotechnisch installateur (so)
Residentieel elektrotechnisch installateur (so)
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 7,815 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded04-08-2006
Fiscal year end31-12
Abbreviation NL
at wire
Activities, NACEBEL 2025
43211General electrical installation work
Scores and ratios are computed by Checked and are not a credit decision.