AFAIA
InactiveInactive; last annual accounts for fiscal year 2021.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-12-2021 was due by 30-07-2022 and was filed on 21-06-2022, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2021
39 d early
2020
32 d early
2019
56 d early
2018
27 d early
2017
2 d late
2016
31 d early
2015
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, full schema
Turnover
€1.10M▼ 11.5%
2020 · €1.25M
2020: €1.25M
2020 → 2021
EBIT margin
-19.7%▼ 58.2pp
2020 · 38.4%
2020: 38.4%
2020 → 2021
Net result
€-2.67M
2020 · €379k
2018: €-236k
2019: €-29k
2020: €379k
2018 → 2021
Working capital
€-7.24M▼ 57.3%
2020 · €-4.60M
2018: €1.80M
2019: €1.79M
2020: €-4.60M
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€1.25M€1.10M▼ 11.5%
Equity€968k-€940k▼ 3.0%€1.32M▲ 40.4%€14.33M▲ 987%
Operating result€-137k-€59k€480k▲ 714%€-218k
Net result€-236k-€-29k▲ 87.8%€379k€-2.67M
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €218k after €480k in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €22.35M
Fixed assets
€21.65M ▲ 261%
Current assets
€702k ▼ 52.5%
Equity and liabilities €22.35M
Equity
€14.33M ▲ 987%
Debt
€8.02M ▲ 30.2%
Debt's share of the balance-sheet total falls from 82.4% to 35.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€357k▼
2020 · €1.06M
Cash flow
€-2.10M▼
2020 · €959k
Current ratio
0.09▼
2020 · 0.24
Debt to equity
0.56
ROE
-18.6%▼
2020 · 28.8%
ROA
-12.0%▼
2020 · 5.1%
Interest coverage
3.17▼
2020 · 9.06
Debt ≤ 1 year
€7.94M▲
2020 · €6.08M
Income taxes
€2.34M
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 · 2021 against 2020 · 55 lines
Balance sheet
Code20202021
Assets
Total assets20/58€7.48M€22.35M▲
Fixed assets21/28€6.00M€21.65M▲
Tangible fixed assets22/27€6.00M€21.65M▲
Land and buildings22-€21.65M
Current assets29/58€1.48M€702k▼
Amounts receivable within one year40/41€208k€220k▲
Trade receivables40-€159k
Other amounts receivable41-€61k
Cash at bank and in hand54/58€635k€41k▼
Deferred charges and accrued income490/1-€440k
Equity and liabilities
Total equity and liabilities10/49€7.48M€22.35M▲
Equity10/15€1.32M€14.33M▲
Contributions10/11€130k€135k▲
Capital10-€130k
Issued capital100-€130k
Outside capital11-€5k
Share premium1100/10-€5k
Revaluation surpluses12-€15.69M
Reserves13€13k€13k=
Non-distributable reserves130/1-€13k
Legal reserve130-€13k
Profit (loss) carried forward14€1.17M€-1.50M▼
Amounts payable17/49€6.16M€8.02M▲
Amounts payable within one year42/48€6.08M€7.94M▲
Financial debts43-€7.61M
Credit institutions430/8-€7.61M
Trade debts44€53k€236k▲
Suppliers440/4-€236k
Taxes, remuneration and social security45-€48k
Taxes450/3-€48k
Other amounts payable47/48-€42k
Accrued charges and deferred income492/3-€81k
Income statement
Code20202021
Operating income70/76A-€1.25M
Turnover70€1.25M€1.10M▼
Other operating income74-€143k
Operating charges60/66A-€1.47M
Services and other goods61-€374k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€579k€576k▼
Other operating charges640/8-€149k
Non-recurring operating charges66A-€367k
Operating profit (loss)9901€480k€-218k▼
Financial income75/76B-€0
Recurring financial income75€19k€0▼
Other financial income752/9-€0
Financial charges65/66B-€115k
Recurring financial charges65€119k€115k▼
Debt charges650€117k€113k▼
Other financial charges652/9-€2k
Profit (loss) for the period before taxes9903€379k€-333k▼
Income taxes67/77-€2.34M
Taxes670/3-€2.34M
Profit (loss) for the period9904€379k€-2.67M▼
Profit (loss) for the period to be appropriated9905€379k€-2.67M▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-1.50M
Profit (loss) brought forward from the previous period14P-€1.17M
The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
04-02
State Gazette act
General meeting · Merger
Dissolution · Accounting effect
2021
30-12
Financial
Weakest financial yearnet €-2.67M
Net result drops to €-2.67M, the lowest in the series.
30-12
Financial
Equity above €10MEq €14.33M ▲987%
Equity rises from €1.32M to €14.33M.
26-11
State Gazette act
Merger proposal · Merger
Capital · Corporate purpose
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €379k
Net result €379k after 2 loss-making years.
31-12
Financial
Equity above €1MEq €1.32M ▲40.4%
Equity rises from €940k to €1.32M.
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 2 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Show earlier events
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
01-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
01-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
01-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 18 acts read
About the unread acts
We know of 18 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:Alcopa Real Estate Fund