ABC
InactiveNo longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Three 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 deadline23-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 24-06-2022, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
37 d early
2020
54 d early
2019
32 d early
← before the deadline
after the deadline →
Financials · fiscal year 2021, full schema
Turnover
€10.10M▲ 5.4%
2020 · €9.58M
2018: €9.22M
2019: €7.21M
2020: €9.58M
2018 → 2021
EBIT margin
-26.6%▼ 69.7pp
2020 · 43.1%
2018: 12.1%
2019: -9.2%
2020: 43.1%
2018 → 2021
Net result
€-3.21M
2020 · €3.51M
2018: €786k
2019: €-1.49M
2020: €3.51M
2018 → 2021
Working capital
€1.34M
2020 · €-3.97M
2018: €-2.05M
2019: €-2.21M
2020: €-3.97M
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€9.22M-€7.21M▼ 21.8%€9.58M▲ 32.8%€10.10M▲ 5.4%
Equity€16.73M-€16.22M▼ 3.0%€19.73M▲ 21.6%€16.47M▼ 16.5%
Operating result€1.12M-€-664k€4.13M€-2.69M
Net result€786k-€-1.49M€3.51M€-3.21M
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €2.69M after €4.13M in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €219.33M
Fixed assets
€208.31M▲ 9.2%
Current assets
€11.02M▲ 109%
Equity and liabilities €219.33M
Equity
€16.47M▼ 16.5%
Provisions
€3.95M▲ 1,748%
Debt
€198.92M▲ 13.0%
The debt ratio rises from 89.8% to 90.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1.43M▼
2020 · €7.79M
Cash flow
€905k▼
2020 · €7.18M
Solvency
7.5%▼
2020 · 10.1%
Current ratio
1.14▲
2020 · 0.57
Quick ratio
1.13▲
2020 · 0.56
Debt / equity
12.08▲
2020 · 8.35
ROE
-19.5%▼
2020 · 17.8%
ROA
-1.5%▼
2020 · 1.8%
Interest coverage
0.43▼
2020 · 2.66
Debt
€198.92M▲
2020 · €176.01M
Debt ≤ 1 year
€9.68M▲
2020 · €9.23M
Debt > 1 year
€187.22M▲
2020 · €164.70M
Income taxes
€42k▲
2020 · €-1k
Staff costs
€2.27M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€195.95M€219.33M▲
Fixed assets21/28€190.69M€208.31M▲
Tangible fixed assets22/27€190.69M€208.31M▲
Land and buildings22-€185.69M
Plant, machinery and equipment23-€130
Furniture and vehicles24-€132k
Leasing and similar rights25-€26k
Assets under construction and advance payments27-€22.46M
Financial fixed assets28€2k€3k▲
Other financial fixed assets284/8-€3k
Shares284-€2k
Amounts receivable and cash guarantees285/8-€1k
Current assets29/58€5.26M€11.02M▲
Stocks and contracts in progress3€90k€50k▼
Stocks30/36-€50k
Goods purchased for resale34-€50k
Amounts receivable within one year40/41€413k€7.28M▲
Trade receivables40-€462k
Other amounts receivable41-€6.81M
Cash at bank and in hand54/58€3.75M€2.67M▼
Deferred charges and accrued income490/1-€1.02M
Equity and liabilities
Total equity and liabilities10/49€195.95M€219.33M▲
Equity10/15€19.73M€16.47M▼
Contributions10/11€657k€664k▲
Capital10-€664k
Issued capital100-€806k
Uncalled capital101-€141k
Reserves13€10.09M€10.09M=
Non-distributable reserves130/1-€10.08M
Legal reserve130-€80k
Other1319-€10.00M
Tax-exempt reserves132-€13k
Profit (loss) carried forward14€2.03M€-1.19M▼
Investment grants15-€6.90M
Provisions and deferred taxes16€214k€3.95M▲
Provisions for liabilities and charges160/5-€3.58M
Major repairs and maintenance162-€2.00M
Other liabilities and charges164/5-€1.58M
Deferred taxes168-€364k
Amounts payable17/49€176.01M€198.92M▲
Amounts payable after more than one year17€164.70M€187.22M▲
Financial debts170/4-€185.49M
Credit institutions173-€185.49M
Other amounts payable178/9-€1.73M
Amounts payable within one year42/48€9.23M€9.68M▲
Current portion of amounts payable after more than one year42-€4.38M
Trade debts44€3.66M€3.72M▲
Suppliers440/4-€3.72M
Taxes, remuneration and social security45-€1.45M
Taxes450/3-€1.02M
Remuneration and social security454/9-€433k
Other amounts payable47/48-€134k
Accrued charges and deferred income492/3-€2.02M
Income statement
Code20202021
Operating income70/76A-€15.72M
Turnover70€9.58M€10.10M▲
Own construction capitalised72-€362k
Other operating income74-€797k
Non-recurring operating income76A-€4.46M
Operating charges60/66A-€18.41M
Goods for resale, raw materials and consumables60-€134k
Purchases600/8-€93k
Change in stocks: decrease (increase)609-€40k
Services and other goods61-€3.28M
Remuneration, social security and pensions62-€2.27M
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3.66M€4.12M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€45k
Provisions for liabilities and charges: additions (uses and reversals)635/8-€3.58M
Other operating charges640/8-€1.18M
Non-recurring operating charges66A-€3.79M
Operating profit (loss)9901€4.13M€-2.69M▼
Financial income75/76B-€2.82M
Recurring financial income75€2.31M€2.82M▲
Income from financial fixed assets750-€10k
Income from current assets751-€2k
Other financial income752/9-€2.81M
Financial charges65/66B-€3.33M
Recurring financial charges65€2.93M€3.33M▲
Debt charges650€2.93M€3.32M▲
Other financial charges652/9-€6k
Profit (loss) for the period before taxes9903€3.50M€-3.19M▼
Transfer from deferred taxes780-€20k
Income taxes67/77€-1k€42k▲
Taxes670/3-€42k
Profit (loss) for the period9904€3.51M€-3.21M▼
Profit (loss) for the period to be appropriated9905€3.51M€-3.21M▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-1.19M
Profit (loss) brought forward from the previous period14P-€2.03M
Social balance
Average headcount (FTE)9087-44.7
The notes to these accounts (64 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2022
19-08
State Gazette act
General meeting · Legal-form conversion
Capital · Capital increase · Tom BOGAERT
12-08
State Gazette act
General meeting · Demerger
Accounting effect · Share issue · Joost EEMAN
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
24-05
State Gazette act
Demerger · Dissolution
Corporate purpose · Capital
23-05
State Gazette act
Demerger · Dissolution
Corporate purpose · Capital
2021
31-12
Financial
Weakest financial yearnet €-3.21M ▼191%
Net result drops to €-3.21M, the lowest in the series.
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €3.51M
Net result €3.51M after one loss-making year.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
14-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
16-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
05-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
14-06
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 25 acts read
About the unread acts
We know of 25 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
2 transactionsContributed a business line to:WoninGent
Contributed a business line to:Woonhaven Antwerpen