FLC
InactiveInactive; last annual accounts for fiscal year 2022.
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 31-12-2023, 3 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
31-12-2023 close31-07-2024 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 06-07-2023, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
25 d early
2021
23 d early
2020
44 d early
2019
29 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, full schema
Turnover
€0▼ 100%
2021 · €2k
2018: €11k
2019: €11k
2020: €11k
2021: €2k
2018 → 2022
EBIT margin
7633.6%▲ 7596.6pp
2020 · 37.1%
2018: 61.3%
2019: 58.5%
2020: 37.1%
2018 → 2021
Net result
€114k▲ 7.6%
2021 · €106k
2018: €2k
2019: €2k
2020: €26
2021: €106k
2018 → 2022
Working capital
€-38k▲ 75.0%
2021 · €-152k
2018: €-260k
2019: €-258k
2020: €-258k
2021: €-152k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€11k-€11k=€11k=€2k▼ 83.8%€0▼ 100%
Equity€44k-€46k▲ 4.7%€46k▲ 0.1%€151k▲ 232%€265k▲ 75.2%
Operating result€7k-€7k▼ 4.6%€4k▼ 36.7%€138k▲ 3,229%€157k▲ 13.8%
Net result€2k-€2k▲ 10.7%€26▼ 98.7%€106k▲ 406,738%€114k▲ 7.6%
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed two years in a row; 2022 is 14% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €634k
Fixed assets
€303k =
Current assets
€331k ▲ 96.7%
Equity and liabilities €634k
Equity
€265k ▲ 75.2%
Debt
€369k ▲ 15.3%
Debt's share of the balance-sheet total falls from 67.9% to 58.2%. Equity and debt are higher.
Key figures and ratios
Current ratio
0.90▲
2021 · 0.53
Debt to equity
1.39▼
2021 · 2.12
ROE
42.9%▼
2021 · 69.9%
ROA
17.9%▼
2021 · 22.4%
Debt ≤ 1 year
€369k▲
2021 · €320k
Income taxes
€38k▲
2021 · €28k
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 · 47 lines
Balance sheet
Code20212022
Assets
Total assets20/58€472k€634k▲
Fixed assets21/28€303k€303k=
Tangible fixed assets22/27€303k€303k=
Land and buildings22€303k€303k=
Current assets29/58€169k€331k▲
Amounts receivable within one year40/41€151k€331k▲
Trade receivables40€0-
Other amounts receivable41€151k€331k▲
Cash at bank and in hand54/58€18k-
Equity and liabilities
Total equity and liabilities10/49€472k€634k▲
Equity10/15€151k€265k▲
Contributions10/11€74k€74k=
Capital10€74k€74k=
Issued capital100€74k€74k=
Reserves13€7k€7k=
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Profit (loss) carried forward14€71k€184k▲
Amounts payable17/49€320k€369k▲
Amounts payable within one year42/48€320k€369k▲
Trade debts44€11k€21k▲
Suppliers440/4€11k€21k▲
Taxes, remuneration and social security45€28k€36k▲
Taxes450/3€28k€36k▲
Other amounts payable47/48€281k€313k▲
Income statement
Code20212022
Operating income70/76A€152k€181k▲
Turnover70€2k€0▼
Other operating income74€151k€181k▲
Operating charges60/66A€15k€24k▲
Services and other goods61€14k€24k▲
Other operating charges640/8€458€460▲
Operating profit (loss)9901€138k€157k▲
Financial income75/76B-€1
Recurring financial income75-€1
Other financial income752/9-€1
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Debt charges650€4k€5k▲
Profit (loss) for the period before taxes9903€134k€152k▲
Income taxes67/77€28k€38k▲
Taxes670/3€28k€38k▲
Profit (loss) for the period9904€106k€114k▲
Profit (loss) for the period to be appropriated9905€106k€114k▲
Appropriation of the result
Profit (loss) to be appropriated9906€74k€184k▲
Profit (loss) brought forward from the previous period14P€-32k€71k▲
Transfer to equity691/2€3k-
To the legal reserve6920€3k-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
11-05
State Gazette act
Merger · Merger-proposal date
2022
31-12
Financial
Highest result since 2018net €114k ▲7.6%
Operating result €157k, net result €114k, both a record.
31-12
Financial
Equity above €200kEq €265k ▲75.2%
5 profitable years in a row build equity to €265k.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €150kEq €151k ▲232%
4 profitable years in a row build equity to €151k.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €26 ▼98.7%
Net result drops to €26, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Show earlier events
2016
23-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
09-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
19-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 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:Transics International