NEW BREATH
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 · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 24-08-2022, 24 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
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
24 d late
2020
26 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€98k▼ 2.7%
2020 · €101k
2018: €117k
2019: €87k
2020: €101k
2018 → 2021
Total assets
€184k▲ 19.3%
2020 · €154k
2018: €141k
2019: €126k
2020: €154k
2018 → 2021
Net result
€25k▼ 17.3%
2020 · €30k
2018: €25k
2019: €4k
2020: €30k
2018 → 2021
Working capital
€88k▼ 4.2%
2020 · €91k
2018: €99k
2019: €84k
2020: €91k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€117k-€87k▼ 25.6%€101k▲ 15.4%€98k▼ 2.7%
Operating result€31k-€14k▼ 54.3%€43k▲ 204%€46k▲ 4.8%
Net result€25k-€4k▼ 84.0%€30k▲ 655%€25k▼ 17.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2019 the operating result has climbed two years in a row; 2021 is 5% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €184k
Fixed assets
€12k ▲ 18.8%
Current assets
€171k ▲ 19.4%
Equity and liabilities €184k
Equity
€98k ▼ 2.7%
Debt
€86k ▲ 61.1%
Debt's share of the balance-sheet total rises from 34.5% to 46.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€48k▲
2020 · €44k
Cash flow
€28k▼
2020 · €31k
Current ratio
2.05▼
2020 · 2.75
Quick ratio
1.78▼
2020 · 2.33
Debt to equity
0.87
ROE
25.4%▼
2020 · 29.9%
ROA
13.6%▼
2020 · 19.6%
Interest coverage
15.76
Debt ≤ 1 year
€84k▲
2020 · €52k
Income taxes
€19k▲
2020 · €13k
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 · 53 lines
Balance sheet
Code20202021
Assets
Total assets20/58€154k€184k▲
Fixed assets21/28€10k€12k▲
Tangible fixed assets22/27€10k€12k▲
Furniture and vehicles24-€5k
Other tangible fixed assets26-€7k
Financial fixed assets28€90€90=
Current assets29/58€144k€171k▲
Stocks and contracts in progress3€22k€22k=
Stocks30/36-€22k
Amounts receivable within one year40/41€84k€76k▼
Trade receivables40-€48k
Other amounts receivable41-€28k
Current investments50/53-€46k
Cash at bank and in hand54/58€35k€24k▼
Deferred charges and accrued income490/1-€4k
Equity and liabilities
Total equity and liabilities10/49€154k€184k▲
Equity10/15€101k€98k▼
Contributions10/11€20k€20k=
Capital10-€20k
Issued capital100-€20k
Reserves13€83k€58k▼
Non-distributable reserves130/1-€2k
Legal reserve130-€2k
Distributable reserves133-€56k
Profit (loss) carried forward14€-2k€20k▲
Amounts payable17/49€53k€86k▲
Amounts payable within one year42/48€52k€84k▲
Trade debts44€13k€14k▲
Suppliers440/4-€14k
Taxes, remuneration and social security45-€44k
Taxes450/3-€44k
Other amounts payable47/48-€26k
Accrued charges and deferred income492/3-€2k
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€752€3k▲
Other operating charges640/8-€2k
Gross operating margin9900€46k€50k▲
Operating profit (loss)9901€43k€46k▲
Financial income75/76B-€1k
Recurring financial income75€2k€1k▼
Financial charges65/66B-€3k
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€43k€44k▲
Income taxes67/77€13k€19k▲
Profit (loss) for the period9904€30k€25k▼
Transfer from tax-exempt reserves789-€19k
Profit (loss) for the period to be appropriated9905€30k€44k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€42k
Profit (loss) brought forward from the previous period14P-€-2k
Transfer from equity791/2-€28k
Transfer to equity691/2-€22k
To other reserves6921-€22k
Profit to be distributed694/7-€28k
Return on contributions (dividend)694€17k€28k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
23-02
State Gazette act
General meeting · Board meeting
Capital increase · Capital
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Highest result since 2018net €30k ▲655%
Net result €30k, the highest in the series.
31-12
Financial
Equity above €100kEq €101k ▲15.4%
3 profitable years in a row build equity to €101k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
24-01
State Gazette act
Board meeting · Director appointment
Permanent representative
2019
31-12
Financial
Weakest financial yearnet €4k ▼84%
Net result drops to €4k, the lowest in the series.
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 23 days late
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
03-10
State Gazette act
General meeting · Director resignation
Director appointment · Board composition
Show earlier events
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 31 days late
2014
22-09
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
09-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
06-03
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.
Structure & network
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
2 locations