Q & A
InactiveInactive; last annual accounts for fiscal year 2022.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 24-05-2023, 68 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2022
68 d early
2021
25 d early
2020
31 d late
2019
89 d late
2018
29 d late
2017
6 d early
2016
14 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, abbreviated schema
Equity
€2.08M▲ 26.4%
2021 · €1.65M
2018: €1.34M
2019: €1.62M
2020: €1.86M
2021: €1.65M
2018 → 2022
Total assets
€2.38M▲ 24.2%
2021 · €1.91M
2018: €1.56M
2019: €1.85M
2020: €2.10M
2021: €1.91M
2018 → 2022
Net result
€435k▲ 19.3%
2021 · €365k
2018: €227k
2019: €273k
2020: €240k
2021: €365k
2018 → 2022
Working capital
€2.07M▲ 27.2%
2021 · €1.63M
2018: €1.36M
2019: €1.62M
2020: €1.85M
2021: €1.63M
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€1.34M-€1.62M▲ 20.3%€1.86M▲ 14.9%€1.65M▼ 11.2%€2.08M▲ 26.4%
Operating result€372k-€441k▲ 18.6%€368k▼ 16.5%€552k▲ 49.9%€596k▲ 8.0%
Net result€227k-€273k▲ 20.2%€240k▼ 12.1%€365k▲ 51.7%€435k▲ 19.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed two years in a row; 2022 is 8% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €2.38M
Fixed assets
€10k ▼ 50.2%
Current assets
€2.37M ▲ 25.0%
Equity and liabilities €2.38M
Equity
€2.08M ▲ 26.4%
Debt
€294k ▲ 10.7%
Debt's share of the balance-sheet total falls from 13.9% to 12.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€602k▲
2021 · €555k
Cash flow
€441k▲
2021 · €367k
Current ratio
8.06▲
2021 · 7.17
Debt to equity
0.14▼
2021 · 0.16
ROE
20.9%▼
2021 · 22.1%
ROA
18.3%▼
2021 · 19.0%
Interest coverage
234.30▲
2021 · 131.39
Debt ≤ 1 year
€294k▲
2021 · €264k
Income taxes
€158k▼
2021 · €183k
Staff costs
€582k▲
2021 · €540k
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 · 48 lines
Balance sheet
Code20212022
Assets
Total assets20/58€1.91M€2.38M▲
Fixed assets21/28€20k€10k▼
Tangible fixed assets22/27€13k€8k▼
Furniture and vehicles24€13k€8k▼
Financial fixed assets28€8k€3k▼
Current assets29/58€1.89M€2.37M▲
Amounts receivable within one year40/41€394k€163k▼
Trade receivables40€362k€163k▼
Other amounts receivable41€32k€0▼
Cash at bank and in hand54/58€1.47M€2.21M▲
Deferred charges and accrued income490/1€33k€0▼
Equity and liabilities
Total equity and liabilities10/49€1.91M€2.38M▲
Equity10/15€1.65M€2.08M▲
Contributions10/11€50k€50k=
Reserves13€1.60M€2.03M▲
Non-distributable reserves130/1€5k€5k=
Reserves not available under the articles1311€5k€5k=
Distributable reserves133€1.59M€2.03M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€266k€294k▲
Amounts payable within one year42/48€264k€294k▲
Trade debts44€92k€119k▲
Suppliers440/4€92k€119k▲
Taxes, remuneration and social security45€171k€175k▲
Taxes450/3€118k€121k▲
Remuneration and social security454/9€53k€54k▲
Other amounts payable47/48€611€0▼
Accrued charges and deferred income492/3€1k€216▼
Income statement
Code20212022
Remuneration, social security and pensions62€540k€582k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€6k▲
Other operating charges640/8€6k€5k▼
Gross operating margin9900€1.10M€1.19M▲
Operating profit (loss)9901€552k€596k▲
Financial income75/76B€0€6▲
Recurring financial income75€0€6▲
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€548k€593k▲
Income taxes67/77€183k€158k▼
Profit (loss) for the period9904€365k€435k▲
Profit (loss) for the period to be appropriated9905€365k€435k▲
Appropriation of the result
Profit (loss) to be appropriated9906€365k€435k▲
Transfer from equity791/2€573k€0▼
Transfer to equity691/2€365k€435k▲
To other reserves6921€365k€435k▲
Profit to be distributed694/7€573k€0▼
Return on contributions (dividend)694€573k€0▼
Social balance
Average headcount (FTE)90877.38.0▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
01-09
State Gazette act
General meeting · Merger
Power of attorney
26-05
State Gazette act
Merger
24-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €435k ▲19.3%
Operating result €596k, net result €435k, both a record.
31-12
Financial
Equity above €2MEq €2.08M ▲26.4%
5 profitable years in a row build equity to €2.08M.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 89 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
26-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 57 days late
2015
29-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
31-07
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 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Structure & network
Acquisitions and mergers
1 transactionTaken over by:Moore Finance & Tax
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 53 EUR awarded · 53 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 53 EUR | 53 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)