TRUE2
InactiveInactive; last annual accounts for fiscal year 2020.
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 15-06-2021, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
46 d early
2019
36 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, full schema
Turnover
€139k▼ 85.1%
2019 · €934k
2018: €891k
2019: €934k▲ +4.8% vs 2018highest in 3 years
2020: €139k▼ -85.1% vs 2019lowest in 3 years
2018 → 2020
EBIT margin
71.6%▲ 9.7pp
2019 · 61.9%
2018: 42.4%lowest in 3 years
2019: 61.9%▲ +46.0% vs 2018
2020: 71.6%▲ +15.6% vs 2019highest in 3 years
2018 → 2020
Net result
€86k▼ 79.1%
2019 · €409k
2018: €250k
2019: €409k▲ +63.9% vs 2018highest in 3 years
2020: €86k▼ -79.1% vs 2019lowest in 3 years
2018 → 2020
Working capital
€963k▲ 9.8%
2019 · €877k
2018: €468klowest in 3 years
2019: €877k▲ +87.5% vs 2018
2020: €963k▲ +9.8% vs 2019highest in 3 years
2018 → 2020
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Turnover€891k-€934k▲ 4.8%€139k▼ 85.1%
2018: €891k
2019: €934k▲ +4.8% vs 2018highest in 3 years
2020: €139k▼ -85.1% vs 2019lowest in 3 years
Equity€468k-€877k▲ 87.5%€963k▲ 9.8%
2018: €468klowest in 3 years
2019: €877k▲ +87.5% vs 2018
2020: €963k▲ +9.8% vs 2019highest in 3 years
Operating result€378k-€579k▲ 53.1%€100k▼ 82.8%
2018: €378k
2019: €579k▲ +53.1% vs 2018highest in 3 years
2020: €100k▼ -82.8% vs 2019lowest in 3 years
Net result€250k-€409k▲ 63.9%€86k▼ 79.1%
2018: €250k
2019: €409k▲ +63.9% vs 2018highest in 3 years
2020: €86k▼ -79.1% vs 2019lowest in 3 years
Result per fiscal year
Operating resultNet result
The operating result falls in 2020; 2020 is 83% below 2019 and is the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Equity and liabilities €994k
Equity
€963k ▲ 9.8%
Debt
€32k ▼ 90.0%
Debt's share of the balance-sheet total falls from 26.5% to 3.2%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
31.42▲
2019 · 3.77
ROE
8.9%▼
2019 · 46.7%
ROA
8.6%▼
2019 · 34.3%
Debt ≤ 1 year
€32k▼
2019 · €316k
Income taxes
€14k▼
2019 · €169k
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 · 2020 against 2019 · 23 lines
Balance sheet
Code20192020
Assets
Total assets20/58€1.19M€994k▼
Fixed assets21/28€25-
Financial fixed assets28€25-
Current assets29/58€1.19M€994k▼
Stocks and contracts in progress3€144k-
Amounts receivable within one year40/41€185k€994k▲
Current investments50/53€865k-
Equity and liabilities
Total equity and liabilities10/49€1.19M€994k▼
Equity10/15€877k€963k▲
Contributions10/11€62k€62k=
Reserves13€6k€6k=
Profit (loss) carried forward14€809k€895k▲
Amounts payable17/49€316k€32k▼
Amounts payable within one year42/48€316k€32k▼
Trade debts44€116k€32k▼
Income statement
Code20192020
Turnover70€934k€139k▼
Operating profit (loss)9901€579k€100k▼
Recurring financial income75€241€211▼
Recurring financial charges65€549€654▲
Profit (loss) for the period before taxes9903€578k€99k▼
Income taxes67/77€169k€14k▼
Profit (loss) for the period9904€409k€86k▼
Profit (loss) for the period to be appropriated9905€409k€86k▼
Accounts by statement
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Turnover70 | €891k | €934k | €139k | ▼ 85.1% |
| Operating profit (loss)9901 | €378k | €579k | €100k | ▼ 82.8% |
| Recurring financial income75 | €127 | €241 | €211 | ▼ 12.3% |
| Recurring financial charges65 | €535 | €549 | €654 | ▲ 19.0% |
| Profit (loss) for the period before taxes9903 | €378k | €578k | €99k | ▼ 82.9% |
| Income taxes67/77 | €128k | €169k | €14k | ▼ 92.0% |
| Profit (loss) for the period9904 | €250k | €409k | €86k | ▼ 79.1% |
| Profit (loss) for the period to be appropriated9905 | €250k | €409k | €86k | ▼ 79.1% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €788k | €1.19M | €994k | ▼ 16.7% |
| Fixed assets21/28 | €25 | €25 | - | - |
| Financial fixed assets28 | €25 | €25 | - | - |
| Current assets29/58 | €788k | €1.19M | €994k | ▼ 16.7% |
| Stocks and contracts in progress3 | €25k | €144k | - | - |
| Amounts receivable within one year40/41 | €418k | €185k | €994k | ▲ 438% |
| Current investments50/53 | €344k | €865k | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €788k | €1.19M | €994k | ▼ 16.7% |
| Equity10/15 | €468k | €877k | €963k | ▲ 9.8% |
| Contributions10/11 | €62k | €62k | €62k | = |
| Reserves13 | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | €400k | €809k | €895k | ▲ 10.6% |
| Amounts payable17/49 | €320k | €316k | €32k | ▼ 90.0% |
| Amounts payable within one year42/48 | €320k | €316k | €32k | ▼ 90.0% |
| Trade debts44 | €81k | €116k | €32k | ▼ 72.7% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €250k | €409k | €86k | ▼ 79.1% |
| Operating cash flow (approximation) | €250k | €409k | €86k | ▼ 79.1% |
| Investment in fixed assets (approximation) | - | €0 | - | - |
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
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €86k ▼79.1%
Net result drops to €86k, the lowest in the series.
31-12
Financial
Liquidity times 8current ratio 31.42
Current ratio from 3.77 to 31.42; short-term debt falls from €316k to €32k.
17-11
State Gazette act
Board meeting · Merger
Accounting effect · Statutes amendment
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €409k ▲63.9%
Operating result €579k, net result €409k, both a record.
31-12
Financial
Equity above €500kEq €877k ▲87.5%
2 profitable years in a row build equity to €877k.
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
11-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
04-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 4 days late
Show earlier events
2014
30-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
11-06
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
31-08
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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:DDB