ABMM
InactiveSignals
Three 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 · 7 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline01-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 27-08-2021, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2020
27 d late
2019
90 d late
2018
163 d late
2017
31 d late
2016
58 d late
2015
29 d late
2014
60 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 65 days after the deadline; the Belgian median for financial year 2020 is 1 day before the deadline, and 46% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2020, micro schema
Equity
€59,122▲ 3.5%
2019 · €57,149
Total assets
€109,750▲ 34.2%
2019 · €81,756
Net result
€1,748▲ 81.3%
2019 · €964
Working capital
€47,122▲ 22.9%
2019 · €38,349
Trend over the years
In euros
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Operating result€2,528-€1,967▼ 22.2%€12,878▲ 555%
Net result€1,100-€964▼ 12.3%€1,748▲ 81.3%
Equity€56,185-€57,149▲ 1.7%€59,122▲ 3.5%
Total assets€103,137-€81,756▼ 20.7%€109,750▲ 34.2%
Debt€46,952-€24,606▼ 47.6%€50,628▲ 106%
Working capital€31,248-€38,349▲ 22.7%€47,122▲ 22.9%
Staff (FTE)0.5-0.5=1▲ 100%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2020; 2020 is 555% above 2019 and is the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €109,750
Fixed assets
€12,000 ▼ 36.2%
Current assets
€97,750 ▲ 55.3%
Equity and liabilities €109,750
Equity
€59,122 ▲ 3.5%
Debt
€50,628 ▲ 106%
Debt's share of the balance-sheet total rises from 30.1% to 46.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€19,678▲
2019 · €8,967
Cash flow
€8,548▲
2019 · €7,963
Current ratio
1.93▼
2019 · 2.56
Quick ratio
0.72▼
2019 · 1.50
ROE
3.0%▲
2019 · 1.7%
ROA
1.6%▲
2019 · 1.2%
Debt ≤ 1 year
€50,628▲
2019 · €24,606
Income taxes
€521▲
2019 · €257
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,314 | €6,999 | €6,800 | ▼ 2.8% |
| Gross operating margin9900 | €20,592 | €24,763 | €47,919 | ▲ 93.5% |
| Operating profit (loss)9901 | €2,528 | €1,967 | €12,878 | ▲ 555% |
| Recurring financial income75 | €7 | €18 | - | - |
| Recurring financial charges65 | €1,436 | €764 | €609 | ▼ 20.3% |
| Profit (loss) for the period before taxes9903 | €1,100 | €1,222 | €2,269 | ▲ 85.7% |
| Income taxes67/77 | - | €257 | €521 | ▲ 102% |
| Profit (loss) for the period9904 | €1,100 | €964 | €1,748 | ▲ 81.3% |
| Profit (loss) for the period to be appropriated9905 | €1,100 | €964 | €1,748 | ▲ 81.3% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €103,137 | €81,756 | €109,750 | ▲ 34.2% |
| Fixed assets21/28 | €25,799 | €18,800 | €12,000 | ▼ 36.2% |
| Intangible fixed assets21 | €25,500 | €18,700 | €11,900 | ▼ 36.4% |
| Tangible fixed assets22/27 | €199 | €0 | - | - |
| Financial fixed assets28 | €100 | €100 | €100 | = |
| Current assets29/58 | €77,338 | €62,956 | €97,750 | ▲ 55.3% |
| Stocks and contracts in progress3 | €32,774 | €26,087 | €61,086 | ▲ 134% |
| Amounts receivable within one year40/41 | €6,908 | €4,465 | €2,855 | ▼ 36.1% |
| Cash at bank and in hand54/58 | €36,450 | €31,265 | €33,668 | ▲ 7.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €103,137 | €81,756 | €109,750 | ▲ 34.2% |
| Equity10/15 | €56,185 | €57,149 | €59,122 | ▲ 3.5% |
| Contributions10/11 | €12,400 | €12,400 | - | - |
| Reserves13 | €1,860 | €1,860 | €46,722 | ▲ 2,412% |
| Profit (loss) carried forward14 | €41,925 | €42,889 | €41,925 | ▼ 2.2% |
| Amounts payable17/49 | €46,952 | €24,606 | €50,628 | ▲ 106% |
| Amounts payable after more than one year17 | €862 | - | - | - |
| Amounts payable within one year42/48 | €46,090 | €24,606 | €50,628 | ▲ 106% |
| Trade debts44 | €27,148 | €11,521 | €25,855 | ▲ 124% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,100 | €964 | €1,748 | ▲ 81.3% |
| + Depreciation and write-downs630 | €7,314 | €6,999 | €6,800 | ▼ 2.8% |
| Operating cash flow (approximation) | €8,414 | €7,963 | €8,548 | ▲ 7.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | -€5,185 | €2,403 | ▲ 146% |
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
2024
11-03
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise du Hainaut, division Charleroi · event 04-03-2024
2022
28-06
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Charleroi · event 20-06-2022
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Highest result since 2018net €1,748 ▲81.3%
Operating result €12,878, net result €1,748, both a record.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
10-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 163 days late
2019
31-12
Financial
Weakest financial yearnet €964 ▼12.3%
Net result drops to €964, the lowest in the series.
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
2015
29-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 60 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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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Directors · office · real estate
Directors
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | FRANCOIS CHARLEZ Chaussee De Mons 52, 7170 Manage |
20-06-2022 → 04-03-2024 |