AB-CONSULT
InactiveInactive; last annual accounts for fiscal year 2022.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 01-12-2022 was due by 01-07-2023 and was filed on 04-07-2023, 3 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 · 10 filingsDeviation from the deadline
2022
3 d late
2021
31 d late
2020
26 d late
2019
76 d late
2018
61 d late
2017
31 d late
2016
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, abbreviated schema
Equity
€208k▲ 36.1%
2021 · €153k
2018: €90k
2019: €89k▼ -1.7% vs 2018lowest in 5 years
2020: €154k▲ +73.0% vs 2019
2021: €153k▼ -0.7% vs 2020
2022: €208k▲ +36.1% vs 2021highest in 5 years
2018 → 2022
Total assets
€401k▼ 11.7%
2021 · €455k
2018: €509k
2019: €509k▲ +0.1% vs 2018
2020: €524k▲ +2.8% vs 2019highest in 5 years
2021: €455k▼ -13.2% vs 2020
2022: €401k▼ -11.7% vs 2021lowest in 5 years
2018 → 2022
Net result
€56k▼ 25.6%
2021 · €76k
2018: €182k
2019: €228k▲ +25.4% vs 2018highest in 5 years
2020: €142k▼ -38.0% vs 2019
2021: €76k▼ -46.5% vs 2020
2022: €56k▼ -25.6% vs 2021lowest in 5 years
2018 → 2022
Working capital
€186k▲ 40.5%
2021 · €132k
2018: €51klowest in 5 years
2019: €58k▲ +14.3% vs 2018
2020: €123k▲ +111% vs 2019
2021: €132k▲ +7.9% vs 2020
2022: €186k▲ +40.5% vs 2021highest in 5 years
2018 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€90k-€89k▼ 1.7%€154k▲ 73.0%€153k▼ 0.7%€208k▲ 36.1%
2018: €90k
2019: €89k▼ -1.7% vs 2018lowest in 5 years
2020: €154k▲ +73.0% vs 2019
2021: €153k▼ -0.7% vs 2020
2022: €208k▲ +36.1% vs 2021highest in 5 years
Operating result€241k-€332k▲ 37.8%€208k▼ 37.3%€111k▼ 46.8%€86k▼ 22.2%
2018: €241k
2019: €332k▲ +37.8% vs 2018highest in 5 years
2020: €208k▼ -37.3% vs 2019
2021: €111k▼ -46.8% vs 2020
2022: €86k▼ -22.2% vs 2021lowest in 5 years
Net result€182k-€228k▲ 25.4%€142k▼ 38.0%€76k▼ 46.5%€56k▼ 25.6%
2018: €182k
2019: €228k▲ +25.4% vs 2018highest in 5 years
2020: €142k▼ -38.0% vs 2019
2021: €76k▼ -46.5% vs 2020
2022: €56k▼ -25.6% vs 2021lowest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2022 is 22% below 2021 and is the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €401k
Fixed assets
€22k ▲ 7.3%
Current assets
€379k ▼ 12.6%
Equity and liabilities €401k
Equity
€208k ▲ 36.1%
Debt
€194k ▼ 35.9%
Debt's share of the balance-sheet total falls from 66.4% to 48.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€92k▼
2021 · €123k
Cash flow
€62k▼
2021 · €88k
Current ratio
1.96▲
2021 · 1.44
Debt to equity
0.93▼
2021 · 1.98
ROE
27.1%▼
2021 · 49.6%
ROA
14.0%▼
2021 · 16.6%
Interest coverage
46.04▲
2021 · 14.07
Debt ≤ 1 year
€194k▼
2021 · €302k
Income taxes
€29k▼
2021 · €30k
Staff costs
€360k▼
2021 · €453k
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 · 2022 against 2021 · 53 lines
Balance sheet
Code20212022
Assets
Total assets20/58€455k€401k▼
Fixed assets21/28€20k€22k▲
Intangible fixed assets21€2k€1k▼
Tangible fixed assets22/27€18k€21k▲
Plant, machinery and equipment23€15k€11k▼
Furniture and vehicles24€3k€9k▲
Other tangible fixed assets26€759€711▼
Financial fixed assets28€140€50▼
Current assets29/58€434k€379k▼
Amounts receivable within one year40/41€394k€262k▼
Trade receivables40€367k€262k▼
Other amounts receivable41€27k-
Cash at bank and in hand54/58€32k€109k▲
Deferred charges and accrued income490/1€8k€8k▼
Equity and liabilities
Total equity and liabilities10/49€455k€401k▼
Equity10/15€153k€208k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€81k€138k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€456€456=
Distributable reserves133€75k€131k▲
Investment grants15€10k€9k▼
Amounts payable17/49€302k€194k▼
Amounts payable within one year42/48€302k€194k▼
Trade debts44€30k€34k▲
Suppliers440/4€30k€34k▲
Taxes, remuneration and social security45€153k€160k▲
Taxes450/3€55k€49k▼
Remuneration and social security454/9€98k€111k▲
Other amounts payable47/48€119k-
Income statement
Code20212022
Remuneration, social security and pensions62€453k€360k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€6k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€40k€36k▼
Other operating charges640/8€7k€5k▼
Gross operating margin9900€623k€493k▼
Operating profit (loss)9901€111k€86k▼
Financial income75/76B€4k€2k▼
Recurring financial income75€4k€2k▼
Financial charges65/66B€9k€2k▼
Recurring financial charges65€9k€2k▼
Profit (loss) for the period before taxes9903€106k€86k▼
Income taxes67/77€30k€29k▼
Profit (loss) for the period9904€76k€56k▼
Profit (loss) for the period to be appropriated9905€76k€56k▼
Appropriation of the result
Profit (loss) to be appropriated9906€76k€56k▼
Transfer to equity691/2€682€56k▲
To other reserves6921€682€56k▲
Profit to be distributed694/7€75k-
Return on contributions (dividend)694€75k-
Social balance
Average headcount (FTE)90878.58.2▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €453k | €360k | ▼ 20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29k | €13k | €13k | €13k | €6k | ▼ 55.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €40k | €36k | ▼ 8.9% |
| Other operating charges640/8 | - | - | - | €7k | €5k | ▼ 29.0% |
| Gross operating margin9900 | €698k | €811k | €678k | €623k | €493k | ▼ 20.9% |
| Operating profit (loss)9901 | €241k | €332k | €208k | €111k | €86k | ▼ 22.2% |
| Financial income75/76B | - | - | - | €4k | €2k | ▼ 57.4% |
| Recurring financial income75 | €13k | €9k | €9k | €4k | €2k | ▼ 57.4% |
| Financial charges65/66B | - | - | - | €9k | €2k | ▼ 77.3% |
| Recurring financial charges65 | €2k | €2k | €2k | €9k | €2k | ▼ 77.3% |
| Profit (loss) for the period before taxes9903 | €251k | €339k | €215k | €106k | €86k | ▼ 19.0% |
| Income taxes67/77 | €69k | €111k | €73k | €30k | €29k | ▼ 2.3% |
| Profit (loss) for the period9904 | €182k | €228k | €142k | €76k | €56k | ▼ 25.6% |
| Profit (loss) for the period to be appropriated9905 | €182k | €228k | €142k | €76k | €56k | ▼ 25.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €509k | €509k | €524k | €455k | €401k | ▼ 11.7% |
| Fixed assets21/28 | €42k | €33k | €31k | €20k | €22k | ▲ 7.3% |
| Intangible fixed assets21 | €16k | €11k | €7k | €2k | €1k | ▼ 37.6% |
| Tangible fixed assets22/27 | €25k | €21k | €24k | €18k | €21k | ▲ 12.0% |
| Plant, machinery and equipment23 | - | - | - | €15k | €11k | ▼ 23.0% |
| Furniture and vehicles24 | - | - | - | €3k | €9k | ▲ 188% |
| Other tangible fixed assets26 | - | - | - | €759 | €711 | ▼ 6.4% |
| Financial fixed assets28 | €390 | €390 | €390 | €140 | €50 | ▼ 64.0% |
| Current assets29/58 | €467k | €476k | €493k | €434k | €379k | ▼ 12.6% |
| Amounts receivable within one year40/41 | €412k | €411k | €441k | €394k | €262k | ▼ 33.6% |
| Trade receivables40 | - | - | - | €367k | €262k | ▼ 28.7% |
| Other amounts receivable41 | - | - | - | €27k | - | - |
| Cash at bank and in hand54/58 | €44k | €47k | €49k | €32k | €109k | ▲ 247% |
| Deferred charges and accrued income490/1 | - | - | - | €8k | €8k | ▼ 3.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €509k | €509k | €524k | €455k | €401k | ▼ 11.7% |
| Equity10/15 | €90k | €89k | €154k | €153k | €208k | ▲ 36.1% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | - | - | €62k | €62k | = |
| Issued capital100 | - | - | - | €62k | €62k | = |
| Reserves13 | €14k | €14k | €81k | €81k | €138k | ▲ 69.3% |
| Non-distributable reserves130/1 | - | - | - | €6k | €6k | = |
| Legal reserve130 | - | - | - | €6k | €6k | = |
| Tax-exempt reserves132 | - | - | - | €456 | €456 | = |
| Distributable reserves133 | - | - | - | €75k | €131k | ▲ 75.4% |
| Investment grants15 | - | - | - | €10k | €9k | ▼ 13.2% |
| Amounts payable17/49 | €418k | €421k | €370k | €302k | €194k | ▼ 35.9% |
| Amounts payable within one year42/48 | €416k | €418k | €370k | €302k | €194k | ▼ 35.9% |
| Trade debts44 | €94k | €30k | €107k | €30k | €34k | ▲ 12.1% |
| Suppliers440/4 | - | - | - | €30k | €34k | ▲ 12.1% |
| Taxes, remuneration and social security45 | - | - | - | €153k | €160k | ▲ 4.4% |
| Taxes450/3 | - | - | - | €55k | €49k | ▼ 11.4% |
| Remuneration and social security454/9 | - | - | - | €98k | €111k | ▲ 13.3% |
| Other amounts payable47/48 | - | - | - | €119k | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €182k | €228k | €142k | €76k | €56k | ▼ 25.6% |
| + Depreciation and write-downs630 | €29k | €13k | €13k | €13k | €6k | ▼ 55.5% |
| Operating cash flow (approximation) | €211k | €241k | €155k | €88k | €62k | ▼ 29.8% |
| Investment in fixed assets (approximation) | - | €-4k | €-11k | €-2k | €-7k | ▼ 295% |
| Change in cash | - | €3k | €1k | €-17k | €78k | ▲ 559% |
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
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 3 days late
2022
01-12
Financial
Weakest financial yearnet €56k ▼25.6%
Net result drops to €56k, the lowest in the series.
01-12
Financial
Equity above €200kEq €208k ▲36.1%
5 profitable years in a row build equity to €208k.
26-10
State Gazette act
Merger · Corporate purpose
Accounting effect · Power of attorney
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
31-12
Financial
Equity above €150kEq €154k ▲73%
3 profitable years in a row build equity to €154k.
15-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 76 days late
2019
31-12
Financial
Highest result since 2018net €228k ▲25.4%
Operating result €332k, net result €228k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 61 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Show earlier events
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
2015
30-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
26-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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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Structure & network
Acquisitions and mergers
1 transactionTaken over by:VGD Accountants en Belastingconsulenten