AD-VICE
InactiveInactive; last annual accounts for fiscal year 2022.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk
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 deadline30-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 28-11-2023, 120 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
120 d late
2021
53 d early
2020
26 d early
2019
16 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 6 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€29,590▼ 11.5%
2021 · €33,441
Total assets
€56,141▼ 39.3%
2021 · €92,550
Net result
-€3,851
2021 · €13,962
Working capital
-€11,882
2021 · €18,667
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result€4,565-€3,135▼ 31.3%€2,997▼ 4.4%€21,337▲ 612%-€8,496
Net result€919-€47▼ 94.9%-€261€13,962-€3,851
Equity€19,693-€19,740▲ 0.2%€19,479▼ 1.3%€33,441▲ 71.7%€29,590▼ 11.5%
Total assets€75,657-€82,064▲ 8.5%€84,433▲ 2.9%€92,550▲ 9.6%€56,141▼ 39.3%
Debt€55,964-€62,324▲ 11.4%€64,954▲ 4.2%€59,109▼ 9.0%€26,551▼ 55.1%
Working capital-€1,893--€1,389▲ 26.6%€2,197€18,667▲ 750%-€11,882
Staff (FTE)1-1=1=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €8,496 after €21,337 in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €56,141
Fixed assets
€41,472 ▲ 89.6%
Current assets
€14,669 ▼ 79.2%
Equity and liabilities €56,141
Equity
€29,590 ▼ 11.5%
Debt
€26,551 ▼ 55.1%
Debt's share of the balance-sheet total falls from 63.9% to 47.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€955▼
2021 · €28,232
Cash flow
€3,690▼
2021 · €20,857
Current ratio
0.55▼
2021 · 1.36
Debt to equity
0.90▼
2021 · 1.77
ROE
-13.0%▼
2021 · 41.8%
ROA
-6.9%▼
2021 · 15.1%
Interest coverage
-1.97▼
2021 · 64.21
Debt ≤ 1 year
€26,551▼
2021 · €52,008
Debt > 1 year
€0▼
2021 · €7,101
Income taxes
€30▼
2021 · €6,962
Staff costs
€71,505▲
2021 · €62,067
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | €396 | - |
| Remuneration, social security and pensions62 | - | - | - | €62,067 | €71,505 | ▲ 15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,033 | €12,487 | €8,923 | €6,895 | €7,541 | ▲ 9.4% |
| Other operating charges640/8 | - | - | - | €1,391 | €6,426 | ▲ 362% |
| Non-recurring operating charges66A | - | - | - | €365 | €0 | ▼ 100% |
| Gross operating margin9900 | €80,790 | €98,923 | €82,002 | €92,055 | €76,975 | ▼ 16.4% |
| Operating profit (loss)9901 | €4,565 | €3,135 | €2,997 | €21,337 | -€8,496 | ▼ 140% |
| Financial income75/76B | - | - | - | €27 | €5,160 | ▲ 19,168% |
| Recurring financial income75 | €28 | €1 | €44 | €27 | €5,160 | ▲ 19,168% |
| Financial charges65/66B | - | - | - | €440 | €485 | ▲ 10.2% |
| Recurring financial charges65 | €707 | €563 | €501 | €440 | €485 | ▲ 10.2% |
| Profit (loss) for the period before taxes9903 | €3,886 | €2,574 | €2,541 | €20,924 | -€3,821 | ▼ 118% |
| Income taxes67/77 | €2,967 | €2,527 | €2,802 | €6,962 | €30 | ▼ 99.6% |
| Profit (loss) for the period9904 | €919 | €47 | -€261 | €13,962 | -€3,851 | ▼ 128% |
| Profit (loss) for the period to be appropriated9905 | €919 | €47 | -€261 | €13,962 | -€3,851 | ▼ 128% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €75,657 | €82,064 | €84,433 | €92,550 | €56,141 | ▼ 39.3% |
| Fixed assets21/28 | €41,629 | €36,931 | €28,771 | €21,876 | €41,472 | ▲ 89.6% |
| Tangible fixed assets22/27 | €39,212 | €34,514 | €26,354 | €19,458 | €39,055 | ▲ 101% |
| Furniture and vehicles24 | - | - | - | €418 | €23,823 | ▲ 5,594% |
| Other tangible fixed assets26 | - | - | - | €19,040 | €15,232 | ▼ 20.0% |
| Financial fixed assets28 | €2,417 | €2,417 | €2,417 | €2,417 | €2,417 | = |
| Current assets29/58 | €34,028 | €45,133 | €55,662 | €70,674 | €14,669 | ▼ 79.2% |
| Amounts receivable within one year40/41 | €24,351 | €19,464 | €23,391 | €10,054 | €7,376 | ▼ 26.6% |
| Trade receivables40 | - | - | - | €10,054 | €7,376 | ▼ 26.6% |
| Cash at bank and in hand54/58 | €3,461 | €20,382 | €26,040 | €54,454 | €6,343 | ▼ 88.4% |
| Deferred charges and accrued income490/1 | - | - | - | €6,166 | €950 | ▼ 84.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €75,657 | €82,064 | €84,433 | €92,550 | €56,141 | ▼ 39.3% |
| Equity10/15 | €19,693 | €19,740 | €19,479 | €33,441 | €29,590 | ▼ 11.5% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | = |
| Reserves13 | €225 | €225 | €225 | €225 | €225 | = |
| Non-distributable reserves130/1 | - | - | - | €225 | €225 | = |
| Reserves not available under the articles1311 | - | - | - | €225 | €225 | = |
| Profit (loss) carried forward14 | €868 | €915 | €654 | €14,616 | €10,764 | ▼ 26.4% |
| Amounts payable17/49 | €55,964 | €62,324 | €64,954 | €59,109 | €26,551 | ▼ 55.1% |
| Amounts payable after more than one year17 | €20,043 | €15,802 | €11,489 | €7,101 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | €7,101 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €35,920 | €46,521 | €53,465 | €52,008 | €26,551 | ▼ 48.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €4,388 | €0 | ▼ 100% |
| Trade debts44 | €7,539 | €8,284 | €9,408 | €7,655 | €12,239 | ▲ 59.9% |
| Suppliers440/4 | - | - | - | €7,655 | €12,239 | ▲ 59.9% |
| Taxes, remuneration and social security45 | - | - | - | €13,734 | €14,313 | ▲ 4.2% |
| Taxes450/3 | - | - | - | €6,958 | €6,989 | ▲ 0.4% |
| Remuneration and social security454/9 | - | - | - | €6,776 | €7,324 | ▲ 8.1% |
| Other amounts payable47/48 | - | - | - | €26,231 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €919 | €47 | -€261 | €13,962 | -€3,851 | ▼ 128% |
| + Depreciation and write-downs630 | €11,033 | €12,487 | €8,923 | €6,895 | €7,541 | ▲ 9.4% |
| Operating cash flow (approximation) | €11,952 | €12,534 | €8,661 | €20,857 | €3,690 | ▼ 82.3% |
| Investment in fixed assets (approximation) | - | -€7,789 | -€762 | €0 | -€27,138 | - |
| Change in cash | - | €16,922 | €5,658 | €28,414 | -€48,111 | ▼ 269% |
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
2026
04-06
State Gazette act
General meeting · Dissolution
Profit allocation · Liquidation rule
2023
28-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 120 days late
2022
31-12
Financial
Weakest financial yearnet -€3,851
Net result drops to -€3,851, the lowest in the series.
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €13,962
Net result €13,962 after one loss-making year.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
21-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
01-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
26-06
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 8 acts read
About the unread acts
We know of 8 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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Public money · subsidies and aid
Flemish government
2022 · 1 entry · 751 EUR awarded · 751 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 751 EUR | 751 EUR |