DUO-MED
InactiveInactive; last annual accounts for fiscal year 2021.
Signals
Two 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 · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 27-06-2022, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
34 d early
2020
39 d early
2019
75 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, full schema
Turnover
€20.42M▲ 113%
2020 · €9.58M
2018: €10.59M
2019: €11.78M
2020: €9.58M
2018 → 2021
EBIT margin
19.6%▲ 11.2pp
2020 · 8.4%
2018: 6.9%
2019: 16.3%
2020: 8.4%
2018 → 2021
Net result
€2.65M▲ 767%
2020 · €306k
2018: €211k
2019: €1.14M
2020: €306k
2018 → 2021
Working capital
€9.34M▲ 79.7%
2020 · €5.20M
2018: €2.99M
2019: €4.47M
2020: €5.20M
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€10.59M-€11.78M▲ 11.2%€9.58M▼ 18.7%€20.42M▲ 113%
Equity€2.01M-€3.15M▲ 56.8%€3.46M▲ 9.7%€7.75M▲ 124%
Operating result€726k-€1.92M▲ 164%€807k▼ 57.9%€4.00M▲ 396%
Net result€211k-€1.14M▲ 441%€306k▼ 73.3%€2.65M▲ 767%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2021; 2021 is 396% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €15.33M
Fixed assets
€1.33M ▲ 23.1%
Current assets
€14.01M ▲ 66.9%
Equity and liabilities €15.33M
Equity
€7.75M ▲ 124%
Provisions
€0 ▼ 100%
Debt
€7.59M ▲ 28.3%
Debt's share of the balance-sheet total falls from 62.5% to 49.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€4.42M▲
2020 · €1.16M
Cash flow
€3.06M▲
2020 · €660k
Current ratio
3.00▲
2020 · 2.63
Quick ratio
2.27▲
2020 · 2.04
Debt to equity
0.98▲
2020 · 0.79
ROE
34.2%▲
2020 · 8.8%
ROA
17.3%▲
2020 · 3.2%
Interest coverage
11.88▲
2020 · 4.81
Debt ≤ 1 year
€4.66M▲
2020 · €3.19M
Debt > 1 year
€2.86M▲
2020 · €2.72M
Income taxes
€994k▲
2020 · €311k
Staff costs
€3.21M
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 · 77 lines
Balance sheet
Code20202021
Assets
Total assets20/58€9.47M€15.33M▲
Fixed assets21/28€1.08M€1.33M▲
Intangible fixed assets21€645k€573k▼
Tangible fixed assets22/27€435k€178k▼
Plant, machinery and equipment23-€142k
Furniture and vehicles24-€35k
Other tangible fixed assets26-€882
Financial fixed assets28€172€579k▲
Affiliated companies280/1-€579k
Participating interests280-€579k
Companies linked by participating interests282/3-€172
Participating interests282-€172
Current assets29/58€8.39M€14.01M▲
Stocks and contracts in progress3€1.89M€3.42M▲
Stocks30/36-€3.42M
Goods purchased for resale34-€3.42M
Amounts receivable within one year40/41€555k€1.38M▲
Trade receivables40-€1.38M
Cash at bank and in hand54/58€5.93M€9.17M▲
Deferred charges and accrued income490/1-€32k
Equity and liabilities
Total equity and liabilities10/49€9.47M€15.33M▲
Equity10/15€3.46M€7.75M▲
Contributions10/11€75k€94k▲
Capital10-€94k
Issued capital100-€94k
Reserves13€44k€1.67M▲
Non-distributable reserves130/1-€9k
Legal reserve130-€9k
Tax-exempt reserves132-€27k
Distributable reserves133-€1.63M
Profit (loss) carried forward14€3.34M€5.99M▲
Provisions and deferred taxes16€96k-
Amounts payable17/49€5.91M€7.59M▲
Amounts payable after more than one year17€2.72M€2.86M▲
Financial debts170/4-€2.86M
Other loans174-€2.86M
Amounts payable within one year42/48€3.19M€4.66M▲
Trade debts44€1.91M€2.47M▲
Suppliers440/4-€2.47M
Taxes, remuneration and social security45-€2.18M
Taxes450/3-€1.54M
Remuneration and social security454/9-€646k
Other amounts payable47/48-€9k
Accrued charges and deferred income492/3-€62k
Income statement
Code20202021
Operating income70/76A-€21.70M
Turnover70€9.58M€20.42M▲
Other operating income74-€732k
Non-recurring operating income76A-€548k
Operating charges60/66A-€17.70M
Goods for resale, raw materials and consumables60-€10.28M
Purchases600/8-€10.01M
Change in stocks: decrease (increase)609-€270k
Services and other goods61-€3.76M
Remuneration, social security and pensions62-€3.21M
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€354k€414k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-21k
Provisions for liabilities and charges: additions (uses and reversals)635/8-€-96k
Other operating charges640/8-€68k
Non-recurring operating charges66A-€81k
Operating profit (loss)9901€807k€4.00M▲
Financial income75/76B-€1.49M
Recurring financial income75€123k€156k▲
Income from current assets751-€156k
Non-recurring financial income76B-€1.33M
Financial charges65/66B-€1.85M
Recurring financial charges65€314k€550k▲
Debt charges650€241k€372k▲
Other financial charges652/9-€178k
Non-recurring financial charges66B-€1.30M
Profit (loss) for the period before taxes9903€617k€3.64M▲
Income taxes67/77€311k€994k▲
Taxes670/3-€994k
Profit (loss) for the period9904€306k€2.65M▲
Profit (loss) for the period to be appropriated9905€306k€2.65M▲
Appropriation of the result
Profit (loss) to be appropriated9906-€5.99M
Profit (loss) brought forward from the previous period14P-€3.34M
Social balance
Average headcount (FTE)9087-26.1
The notes to these accounts (95 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
25-04
State Gazette act
Board meeting · Merger
Accounting effect · Corporate purpose
2021
31-12
Financial
Highest result since 2018net €2.65M ▲767%
Operating result €4.00M, net result €2.65M, both a record.
31-12
Financial
Equity above €5MEq €7.75M ▲124%
4 profitable years in a row build equity to €7.75M.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
14-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 75 days late
2019
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 55 days late
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
12-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
09-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
11-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
25-06
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 23 acts read
About the unread acts
We know of 23 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:Acertys Healthcare
Recognitions · licences · registrations
Legal Entity Identifier
549300IVLK0K83YUYO08