VALUE PLUS
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 · 5 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 27-06-2023, 34 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
34 d early
2021
62 d early
2020
46 d early
2019
29 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€0▼ 100%
2021 · €1.34M
2018: €1.70M
2019: €1.62M
2020: €910k
2021: €1.34M
2018 → 2022
EBIT margin
-1.6%▲ 46.0pp
2020 · -47.6%
2018: 0.3%
2019: -27.5%
2020: -47.6%
2018 → 2021
Net result
€-32k
2021 · €896k
2018: €-504k
2019: €792k
2020: €1.14M
2021: €896k
2018 → 2022
Working capital
€1.17M
2021 · €-13.28M
2018: €208k
2019: €-1.30M
2020: €-1.15M
2021: €-13.28M
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€1.70M-€1.62M▼ 4.9%€910k▼ 43.8%€1.34M▲ 47.0%€0▼ 100%
Equity€5.50M-€6.29M▲ 14.4%€7.43M▲ 18.2%€8.32M▲ 12.1%€8.29M▼ 0.4%
Operating result€5k-€-446k€-433k▲ 3.0%€-21k▲ 95.1%€-291k▼ 1,257%
Net result€-504k-€792k€1.14M▲ 44.2%€896k▼ 21.5%€-32k
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €291k in 2022 against €21k in 2021; the loss grows.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €22.26M
Fixed assets
€20.77M ▼ 3.5%
Current assets
€1.49M ▲ 187%
Equity and liabilities €22.26M
Equity
€8.29M ▼ 0.4%
Debt
€13.97M ▲ 1.2%
Debt's share of the balance-sheet total rises from 62.4% to 62.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-24k▼
2021 · €380k
Cash flow
€235k▼
2021 · €1.30M
Current ratio
4.56▲
2021 · 0.04
Debt to equity
1.68▲
2021 · 1.66
ROE
-0.4%▼
2021 · 10.8%
ROA
-0.1%▼
2021 · 4.1%
Interest coverage
-0.10▼
2021 · 0.95
Debt ≤ 1 year
€327k▼
2021 · €13.80M
Debt > 1 year
€13.64M▲
2021 · €0
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 · 63 lines
Balance sheet
Code20212022
Assets
Total assets20/58€22.12M€22.26M▲
Formation expenses20€74k€0▼
Fixed assets21/28€21.53M€20.77M▼
Intangible fixed assets21€485k€358k▼
Financial fixed assets28€21.05M€20.41M▼
Affiliated companies280/1€21.05M€20.41M▼
Participating interests280€21.05M€20.41M▼
Other financial fixed assets284/8€350€350=
Amounts receivable and cash guarantees285/8€350€350=
Current assets29/58€521k€1.49M▲
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€0€794k▲
Trade receivables40€0€792k▲
Other amounts receivable41€0€2k▲
Cash at bank and in hand54/58€519k€699k▲
Deferred charges and accrued income490/1€2k€0▼
Equity and liabilities
Total equity and liabilities10/49€22.12M€22.26M▲
Equity10/15€8.32M€8.29M▼
Contributions10/11€6.00M€6.00M=
Capital10€6.00M€6.00M=
Issued capital100€6.00M€6.00M=
Reserves13€116k€116k=
Non-distributable reserves130/1€116k€116k=
Legal reserve130€116k€116k=
Profit (loss) carried forward14€2.21M€2.18M▼
Amounts payable17/49€13.80M€13.97M▲
Amounts payable after more than one year17€0€13.64M▲
Financial debts170/4€0€13.64M▲
Subordinated loans170€0-
Credit institutions173€0-
Other loans174-€13.64M
Amounts payable within one year42/48€13.80M€327k▼
Current portion of amounts payable after more than one year42€0-
Financial debts43€13.71M€318k▼
Other loans439€13.71M€318k▼
Trade debts44€67k€9k▼
Suppliers440/4€67k€9k▼
Taxes, remuneration and social security45€20k€0▼
Taxes450/3€20k€0▼
Income statement
Code20212022
Operating income70/76A€1.34M€0▼
Turnover70€1.34M€0▼
Operating charges60/66A€1.36M€291k▼
Services and other goods61€957k€23k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€402k€267k▼
Other operating charges640/8€868€868=
Operating profit (loss)9901€-21k€-291k▼
Financial income75/76B€1.60M€508k▼
Recurring financial income75€1.60M€0▼
Income from financial fixed assets750€1.60M€0▼
Income from current assets751€958€0▼
Non-recurring financial income76B-€508k
Financial charges65/66B€683k€249k▼
Recurring financial charges65€440k€249k▼
Debt charges650€399k€249k▼
Other financial charges652/9€41k€257▼
Non-recurring financial charges66B€243k€0▼
Profit (loss) for the period before taxes9903€896k€-32k▼
Profit (loss) for the period9904€896k€-32k▼
Profit (loss) for the period to be appropriated9905€896k€-32k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.25M€2.18M▼
Profit (loss) brought forward from the previous period14P€1.36M€2.21M▲
Transfer to equity691/2€45k€0▼
To the legal reserve6920€45k€0▼
The notes to these accounts (39 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
30-05
State Gazette act
Merger · Accounting effect
Corporate purpose · Permanent representative
30-05
State Gazette act
Merger · Accounting effect
Corporate purpose · Permanent representative
2022
31-12
Financial
Liquidity times 121current ratio 4.56
Current ratio from 0.04 to 4.56; short-term debt falls from €13.80M to €327k.
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €1.14M ▲44.2%
Net result €1.14M, the highest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €792k
Net result €792k after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 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:RANDSTAD GROUP BELGIUM
Recognitions · licences · registrations
Legal Entity Identifier
54930084ONPD2674LX56