AKKADE
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 14-08-2024, 14 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 · 6 filingsDeviation from the deadline
2023
14 d late
2022
38 d late
2021
3 d late
2020
19 d early
2019
22 d early
2018
37 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2023, abbreviated schema
Turnover
€1.03M▼ 2.5%
2021 · €1.05M
EBIT margin
4.0%▼ 10.7pp
2021 · 14.7%
Net result
€19k▲ 91.8%
2022 · €10k
Working capital
€113k▲ 24.0%
2022 · €91k
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
Line20192020202120222023
Turnover€571k€995k▲ 74.2%€1.05M▲ 5.8%€1.03M▼ 2.5%
Operating result€64k€228k▲ 257%€155k▼ 32.1%€41k▼ 73.3%€34k▼ 19.2%
Net result€51k€165k▲ 226%€112k▼ 32.6%€10k▼ 91.0%€19k▲ 91.8%
EBIT margin11.2%23.0%▲ 11.8pp14.7%▼ 8.2pp4.0%▼ 10.7pp
Equity€65k▲ 365%€230k▲ 256%€342k▲ 48.5%€97k▼ 71.6%€116k▲ 19.8%
Total assets€274k▲ 20.8%€480k▲ 75.3%€572k▲ 19.2%€393k▼ 31.3%€190k▼ 51.7%
Debt€209k▼ 1.7%€250k▲ 19.4%€230k▼ 7.8%€296k▲ 28.6%€74k▼ 75.1%
Working capital€63k▲ 530%€226k▲ 258%€335k▲ 48.5%€91k▼ 72.7%€113k▲ 24.0%
Staff (FTE)3.1▼ 6.1%3.2▲ 3.2%3.7▲ 15.6%3.3▼ 10.8%5.7▲ 72.7%
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 three years in a row; 2023 is 19% below 2022 and is the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €190k
Fixed assets
€3k ▼ 49.6%
Current assets
€187k ▼ 51.7%
Equity and liabilities €190k
Equity
€116k ▲ 19.8%
Debt
€74k ▼ 75.1%
Debt's share of the balance-sheet total falls from 75.3% to 38.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€38k▼
2022 · €45k
Cash flow
€23k▲
2022 · €14k
Current ratio
2.54▲
2022 · 1.31
Debt to equity
0.63▼
2022 · 3.06
ROE
16.5%▲
2022 · 10.3%
ROA
10.1%▲
2022 · 2.5%
Interest coverage
8.06▼
2022 · 13.79
Debt ≤ 1 year
€74k▼
2022 · €296k
Income taxes
€11k▼
2022 · €29k
Staff costs
€344k▲
2022 · €190k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €571k | €995k | €1.05M | €1.03M | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €729k | €798k | €157k | ▼ 80.3% |
| Remuneration, social security and pensions62 | - | - | €173k | €190k | €344k | ▲ 81.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €3k | €4k | €4k | ▲ 2.6% |
| Other operating charges640/8 | - | - | €2k | €2k | €2k | ▼ 3.5% |
| Gross operating margin9900 | €212k | €375k | €333k | €238k | €384k | ▲ 61.5% |
| Operating profit (loss)9901 | €64k | €228k | €155k | €41k | €34k | ▼ 19.2% |
| Financial income75/76B | - | - | €435 | €452 | €1k | ▲ 198% |
| Recurring financial income75 | €108 | €246 | €435 | €452 | €1k | ▲ 198% |
| Financial charges65/66B | - | - | €3k | €3k | €5k | ▲ 41.6% |
| Recurring financial charges65 | €6k | €2k | €3k | €3k | €5k | ▲ 41.6% |
| Profit (loss) for the period before taxes9903 | €58k | €226k | €153k | €39k | €30k | ▼ 21.8% |
| Income taxes67/77 | €8k | €61k | €42k | €29k | €11k | ▼ 61.6% |
| Profit (loss) for the period9904 | €51k | €165k | €112k | €10k | €19k | ▲ 91.8% |
| Profit (loss) for the period to be appropriated9905 | €51k | €165k | €112k | €10k | €19k | ▲ 91.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €274k | €480k | €572k | €393k | €190k | ▼ 51.7% |
| Fixed assets21/28 | €2k | €4k | €6k | €6k | €3k | ▼ 49.6% |
| Tangible fixed assets22/27 | €2k | €4k | €6k | €6k | €3k | ▼ 49.6% |
| Plant, machinery and equipment23 | - | - | €6k | €6k | €3k | ▼ 49.6% |
| Current assets29/58 | €272k | €475k | €565k | €388k | €187k | ▼ 51.7% |
| Amounts receivable within one year40/41 | €260k | €464k | €552k | €379k | €175k | ▼ 54.0% |
| Trade receivables40 | - | - | €205k | €217k | €107k | ▼ 50.9% |
| Other amounts receivable41 | - | - | €348k | €162k | €68k | ▼ 58.2% |
| Cash at bank and in hand54/58 | €11k | €10k | €12k | €7k | €9k | ▲ 41.6% |
| Deferred charges and accrued income490/1 | - | - | €2k | €2k | €3k | ▲ 108% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €274k | €480k | €572k | €393k | €190k | ▼ 51.7% |
| Equity10/15 | €65k | €230k | €342k | €97k | €116k | ▲ 19.8% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | - | €62k | €62k | €62k | = |
| Issued capital100 | - | - | €62k | €62k | €62k | = |
| Reserves13 | €3k | €166k | €277k | €34k | €53k | ▲ 55.1% |
| Non-distributable reserves130/1 | - | - | €6k | €6k | €6k | = |
| Legal reserve130 | - | - | €6k | €6k | €6k | = |
| Distributable reserves133 | - | - | €271k | €28k | €47k | ▲ 67.2% |
| Profit (loss) carried forward14 | - | €2k | €2k | €456 | €676 | ▲ 48.2% |
| Amounts payable17/49 | €209k | €250k | €230k | €296k | €74k | ▼ 75.1% |
| Amounts payable within one year42/48 | €209k | €250k | €230k | €296k | €74k | ▼ 75.1% |
| Trade debts44 | €84k | €184k | €155k | €252k | €32k | ▼ 87.3% |
| Suppliers440/4 | - | - | €155k | €252k | €32k | ▼ 87.3% |
| Taxes, remuneration and social security45 | - | - | €75k | €44k | €42k | ▼ 4.6% |
| Taxes450/3 | - | - | €60k | €19k | €11k | ▼ 43.8% |
| Remuneration and social security454/9 | - | - | €15k | €24k | €31k | ▲ 26.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51k | €165k | €112k | €10k | €19k | ▲ 91.8% |
| + Depreciation and write-downs630 | €2k | €2k | €3k | €4k | €4k | ▲ 2.6% |
| Operating cash flow (approximation) | €53k | €167k | €115k | €14k | €23k | ▲ 66.5% |
| Investment in fixed assets (approximation) | - | €-5k | €-5k | €-3k | €-1k | ▲ 57.8% |
| Change in cash | - | €-890 | €1k | €-5k | €3k | ▲ 154% |
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
18-08
State Gazette act
General meeting · Merger
Capital increase · Capital · Philippe Van den Eynde
18-08
State Gazette act
General meeting · Merger
Capital increase · Capital
2024
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 14 days late
2023
31-12
Financial
Equity above €100kEq €116k ▲19.8%
5 profitable years in a row build equity to €116k.
07-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 38 days late
2022
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 3 days late
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €165k ▲226%
Operating result €228k, net result €165k, both a record.
31-12
Financial
Equity above €200kEq €230k ▲256%
2 profitable years in a row build equity to €230k.
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €51k
Net result €51k after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:Legile