ABIWARE
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 · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline24-09-2026 today
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 29-09-2023, 60 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
60 d late
2021
31 d early
2020
32 d early
2019
32 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, abbreviated schema
Equity
€567k▲ 13.0%
2021 · €502k
2018: €956k
2019: €667k
2020: €475k
2021: €502k
2018 → 2022
Total assets
€1.04M▼ 12.2%
2021 · €1.19M
2018: €1.49M
2019: €1.55M
2020: €1.36M
2021: €1.19M
2018 → 2022
Net result
€65k▼ 56.9%
2021 · €152k
2018: €165k
2019: €111k
2020: €240k
2021: €152k
2018 → 2022
Working capital
€663k▲ 3.5%
2021 · €641k
2018: €1.07M
2019: €727k
2020: €504k
2021: €641k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€956k-€667k▼ 30.2%€475k▼ 28.8%€502k▲ 5.7%€567k▲ 13.0%
Operating result€247k-€174k▼ 29.4%€332k▲ 90.1%€200k▼ 39.8%€118k▼ 41.2%
Net result€165k-€111k▼ 32.4%€240k▲ 115%€152k▼ 36.7%€65k▼ 56.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2022 is 41% below 2021 and is the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €1.04M
Fixed assets
€193k ▼ 3.6%
Current assets
€851k ▼ 14.0%
Equity and liabilities €1.04M
Equity
€567k ▲ 13.0%
Debt
€477k ▼ 30.7%
Debt's share of the balance-sheet total falls from 57.8% to 45.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€179k▼
2021 · €258k
Cash flow
€127k▼
2021 · €210k
Current ratio
4.53▲
2021 · 2.84
Debt to equity
0.84▼
2021 · 1.37
ROE
11.5%▼
2021 · 30.3%
ROA
6.3%▼
2021 · 12.8%
Interest coverage
3.52▼
2021 · 18.89
Debt ≤ 1 year
€188k▼
2021 · €349k
Debt > 1 year
€128k▼
2021 · €145k
Income taxes
€3k▼
2021 · €35k
Staff costs
€1.03M▲
2021 · €933k
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 · 55 lines
Balance sheet
Code20212022
Assets
Total assets20/58€1.19M€1.04M▼
Fixed assets21/28€200k€193k▼
Tangible fixed assets22/27€197k€190k▼
Land and buildings22€75k€57k▼
Plant, machinery and equipment23€19k€59k▲
Furniture and vehicles24€33k€22k▼
Leasing and similar rights25€70k€51k▼
Financial fixed assets28€4k€4k=
Current assets29/58€990k€851k▼
Amounts receivable within one year40/41€211k€160k▼
Trade receivables40€126k€70k▼
Other amounts receivable41€85k€91k▲
Current investments50/53€36k-
Cash at bank and in hand54/58€709k€650k▼
Deferred charges and accrued income490/1€33k€41k▲
Equity and liabilities
Total equity and liabilities10/49€1.19M€1.04M▼
Equity10/15€502k€567k▲
Contributions10/11€19k€19k=
Reserves13€482k€482k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€480k€480k=
Profit (loss) carried forward14€1k€67k▲
Amounts payable17/49€688k€477k▼
Amounts payable after more than one year17€145k€128k▼
Financial debts170/4€145k€128k▼
Amounts payable within one year42/48€349k€188k▼
Current portion of amounts payable after more than one year42€16k€17k▲
Trade debts44€119k€59k▼
Suppliers440/4€119k€59k▼
Taxes, remuneration and social security45€89k€111k▲
Remuneration and social security454/9€89k€111k▲
Other amounts payable47/48€125k€132▼
Accrued charges and deferred income492/3€194k€162k▼
Income statement
Code20212022
Remuneration, social security and pensions62€933k€1.03M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€58k€61k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€250
Other operating charges640/8€1k€3k▲
Gross operating margin9900€1.19M€1.21M▲
Operating profit (loss)9901€200k€118k▼
Financial income75/76B€1k€1k▲
Recurring financial income75€1k€1k▲
Financial charges65/66B€14k€51k▲
Recurring financial charges65€14k€51k▲
Profit (loss) for the period before taxes9903€187k€68k▼
Income taxes67/77€35k€3k▼
Profit (loss) for the period9904€152k€65k▼
Profit (loss) for the period to be appropriated9905€152k€65k▼
Appropriation of the result
Profit (loss) to be appropriated9906€156k€67k▼
Profit (loss) brought forward from the previous period14P€5k€1k▼
Transfer to equity691/2€30k-
To other reserves6921€30k-
Profit to be distributed694/7€125k-
Return on contributions (dividend)694€125k-
Social balance
Average headcount (FTE)908713.214.5▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 60 days late
24-04
State Gazette act
Merger · Accounting effect
2022
31-12
Financial
Weakest financial yearnet €65k ▼56.9%
Net result drops to €65k, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €500kEq €502k ▲5.7%
4 profitable years in a row build equity to €502k.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €240k ▲115%
Operating result €332k, net result €240k, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
04-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
06-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
02-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
23-06
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 5 acts read
About the unread acts
We know of 5 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:CENTRUM VOOR INFORMATICА