ANNENCO
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 31-08-2024, 31 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 · 10 filingsDeviation from the deadline
2023
31 d late
2022
7 d early
2021
31 d late
2020
103 d early
2019
21 d late
2018
42 d early
2017
33 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Equity
€23k
2022 · €-8k
2018: €-107klowest in 6 years
2019: €-86k▲ +19.5% vs 2018
2020: €-68k▲ +21.2% vs 2019
2021: €-68k● -0.0% vs 2020
2022: €-8k▲ +88.8% vs 2021
2023: €23k▲ +409% vs 2022highest in 6 years
2018 → 2023
Total assets
€330k▲ 61.8%
2022 · €204k
2018: €118klowest in 6 years
2019: €134k▲ +13.2% vs 2018
2020: €143k▲ +7.1% vs 2019
2021: €154k▲ +7.6% vs 2020
2022: €204k▲ +32.6% vs 2021
2023: €330k▲ +61.8% vs 2022highest in 6 years
2018 → 2023
Net result
€76k▲ 26.1%
2022 · €60k
2018: €27k
2019: €21k▼ -22.6% vs 2018
2020: €18k▼ -12.3% vs 2019lowest in 6 years
2021: €20k▲ +8.7% vs 2020
2022: €60k▲ +204% vs 2021
2023: €76k▲ +26.1% vs 2022highest in 6 years
2018 → 2023
Working capital
€-12k
2022 · €29k
2018: €12k
2019: €-7k▼ -157% vs 2018
2020: €10k▲ +249% vs 2019
2021: €18k▲ +80.8% vs 2020
2022: €29k▲ +54.7% vs 2021highest in 6 years
2023: €-12k▼ -143% vs 2022lowest in 6 years
2018 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€-86k-€-68k▲ 21.2%€-68k=€-8k▲ 88.8%€23k
2019: €-86klowest in 5 years
2020: €-68k▲ +21.2% vs 2019
2021: €-68k● -0.0% vs 2020
2022: €-8k▲ +88.8% vs 2021
2023: €23k▲ +409% vs 2022highest in 5 years
Operating result€27k-€25k▼ 8.0%€28k▲ 12.1%€86k▲ 211%€96k▲ 11.5%
2019: €27k
2020: €25k▼ -8.0% vs 2019lowest in 5 years
2021: €28k▲ +12.1% vs 2020
2022: €86k▲ +211% vs 2021
2023: €96k▲ +11.5% vs 2022highest in 5 years
Net result€21k-€18k▼ 12.3%€20k▲ 8.7%€60k▲ 204%€76k▲ 26.1%
2019: €21k
2020: €18k▼ -12.3% vs 2019lowest in 5 years
2021: €20k▲ +8.7% vs 2020
2022: €60k▲ +204% vs 2021
2023: €76k▲ +26.1% vs 2022highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed three years in a row; 2023 is 11% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €330k
Fixed assets
€84k ▲ 232%
Current assets
€246k ▲ 37.6%
Equity and liabilities €330k
Equity
€23k
Debt
€307k
Debt finances 92.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€117k▲
2022 · €96k
Cash flow
€97k▲
2022 · €70k
Current ratio
0.95▼
2022 · 1.19
Debt to equity
13.12▲
2022 · -27.95
ROE
324.9%
ROA
23.0%▼
2022 · 29.5%
Interest coverage
12.72▼
2022 · 28.30
Debt ≤ 1 year
€258k▲
2022 · €150k
Debt > 1 year
€49k▼
2022 · €61k
Income taxes
€24k▼
2022 · €24k
Staff costs
€312k▲
2022 · €308k
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 · 2023 against 2022 · 53 lines
Balance sheet
Code20222023
Assets
Total assets20/58€204k€330k▲
Fixed assets21/28€25k€84k▲
Tangible fixed assets22/27€25k€84k▲
Plant, machinery and equipment23-€3k
Furniture and vehicles24€4k€2k▼
Leasing and similar rights25-€66k
Other tangible fixed assets26€21k€14k▼
Current assets29/58€179k€246k▲
Amounts receivable within one year40/41€89k€209k▲
Trade receivables40€38k€60k▲
Other amounts receivable41€51k€149k▲
Cash at bank and in hand54/58€86k€20k▼
Deferred charges and accrued income490/1€3k€16k▲
Equity and liabilities
Total equity and liabilities10/49€204k€330k▲
Equity10/15€-8k€23k▲
Contributions10/11€20k€20k=
Reserves13-€3k
Distributable reserves133-€3k
Profit (loss) carried forward14€-28k€0▲
Amounts payable17/49€212k€307k▲
Amounts payable after more than one year17€61k€49k▼
Financial debts170/4-€49k
Other amounts payable178/9€61k€0▼
Amounts payable within one year42/48€150k€258k▲
Current portion of amounts payable after more than one year42-€10k
Financial debts43€20k€0▼
Credit institutions430/8€20k€0▼
Trade debts44€72k€138k▲
Suppliers440/4€72k€138k▲
Taxes, remuneration and social security45€59k€64k▲
Taxes450/3€29k€45k▲
Remuneration and social security454/9€30k€19k▼
Other amounts payable47/48€0€46k▲
Income statement
Code20222023
Remuneration, social security and pensions62€308k€312k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€21k▲
Other operating charges640/8€9k€8k▼
Gross operating margin9900€413k€437k▲
Operating profit (loss)9901€86k€96k▲
Financial income75/76B€2k€13k▲
Recurring financial income75€2k€13k▲
Financial charges65/66B€3k€9k▲
Recurring financial charges65€3k€9k▲
Profit (loss) for the period before taxes9903€85k€99k▲
Income taxes67/77€24k€24k▼
Profit (loss) for the period9904€60k€76k▲
Profit (loss) for the period to be appropriated9905€60k€76k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-28k€48k▲
Profit (loss) brought forward from the previous period14P€-88k€-28k▲
Transfer to equity691/2-€3k
To other reserves6921-€3k
Profit to be distributed694/7€0€45k▲
Directors or managers695€0€45k▲
Social balance
Average headcount (FTE)90875.35.3=
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €254k | €308k | €312k | ▲ 1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €13k | €11k | €10k | €21k | ▲ 110% |
| Other operating charges640/8 | - | - | €4k | €9k | €8k | ▼ 6.1% |
| Gross operating margin9900 | €273k | €239k | €296k | €413k | €437k | ▲ 5.9% |
| Operating profit (loss)9901 | €27k | €25k | €28k | €86k | €96k | ▲ 11.5% |
| Financial income75/76B | - | - | €2 | €2k | €13k | ▲ 623% |
| Recurring financial income75 | €330 | €21 | €2 | €2k | €13k | ▲ 623% |
| Financial charges65/66B | - | - | €3k | €3k | €9k | ▲ 170% |
| Recurring financial charges65 | €531 | €603 | €3k | €3k | €9k | ▲ 170% |
| Profit (loss) for the period before taxes9903 | €27k | €24k | €24k | €85k | €99k | ▲ 17.6% |
| Income taxes67/77 | €6k | €6k | €4k | €24k | €24k | ▼ 3.4% |
| Profit (loss) for the period9904 | €21k | €18k | €20k | €60k | €76k | ▲ 26.1% |
| Profit (loss) for the period to be appropriated9905 | €21k | €18k | €20k | €60k | €76k | ▲ 26.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €134k | €143k | €154k | €204k | €330k | ▲ 61.8% |
| Fixed assets21/28 | €52k | €43k | €35k | €25k | €84k | ▲ 232% |
| Tangible fixed assets22/27 | €52k | €43k | €35k | €25k | €84k | ▲ 232% |
| Plant, machinery and equipment23 | - | - | - | - | €3k | - |
| Furniture and vehicles24 | - | - | €7k | €4k | €2k | ▼ 56.0% |
| Leasing and similar rights25 | - | - | - | - | €66k | - |
| Other tangible fixed assets26 | - | - | €28k | €21k | €14k | ▼ 32.9% |
| Current assets29/58 | €81k | €100k | €119k | €179k | €246k | ▲ 37.6% |
| Amounts receivable within one year40/41 | €79k | €76k | €17k | €89k | €209k | ▲ 134% |
| Trade receivables40 | - | - | €6k | €38k | €60k | ▲ 57.3% |
| Other amounts receivable41 | - | - | €11k | €51k | €149k | ▲ 192% |
| Cash at bank and in hand54/58 | €2k | €24k | €101k | €86k | €20k | ▼ 76.6% |
| Deferred charges and accrued income490/1 | - | - | €735 | €3k | €16k | ▲ 408% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €134k | €143k | €154k | €204k | €330k | ▲ 61.8% |
| Equity10/15 | €-86k | €-68k | €-68k | €-8k | €23k | ▲ 409% |
| Contributions10/11 | €19k | - | €20k | €20k | €20k | = |
| Reserves13 | €2k | €2k | €0 | - | €3k | - |
| Non-distributable reserves130/1 | - | - | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | €0 | - | - | - |
| Distributable reserves133 | - | - | - | - | €3k | - |
| Profit (loss) carried forward14 | €-107k | €-88k | €-88k | €-28k | €0 | ▲ 100% |
| Amounts payable17/49 | €220k | €211k | €222k | €212k | €307k | ▲ 44.9% |
| Amounts payable after more than one year17 | €131k | €121k | €121k | €61k | €49k | ▼ 20.8% |
| Financial debts170/4 | - | - | - | - | €49k | - |
| Other amounts payable178/9 | - | - | €121k | €61k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €88k | €89k | €100k | €150k | €258k | ▲ 71.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €10k | - |
| Financial debts43 | - | - | €0 | €20k | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | €0 | €20k | €0 | ▼ 100% |
| Trade debts44 | €51k | €52k | €30k | €72k | €138k | ▲ 92.0% |
| Suppliers440/4 | - | - | €30k | €72k | €138k | ▲ 92.0% |
| Taxes, remuneration and social security45 | - | - | €50k | €59k | €64k | ▲ 9.9% |
| Taxes450/3 | - | - | €4k | €29k | €45k | ▲ 57.1% |
| Remuneration and social security454/9 | - | - | €46k | €30k | €19k | ▼ 36.3% |
| Other amounts payable47/48 | - | - | €20k | €0 | €46k | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21k | €18k | €20k | €60k | €76k | ▲ 26.1% |
| + Depreciation and write-downs630 | €14k | €13k | €11k | €10k | €21k | ▲ 110% |
| Operating cash flow (approximation) | €35k | €32k | €31k | €70k | €97k | ▲ 37.8% |
| Investment in fixed assets (approximation) | - | €-5k | €-3k | €0 | €-79k | - |
| Change in cash | - | €21k | €77k | €-15k | €-66k | ▼ 348% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
31-12
Financial
Highest result since 2018net €76k ▲26.1%
Operating result €96k, net result €76k, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
19-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €18k ▼12.3%
Net result drops to €18k, the lowest in the series.
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2019
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
31-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
12 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Ground area
1,201 m²
Building footprint
371 m²
Volume, LiDAR
2,569 m³
Parcel 11052C0560/00S003, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052C0560/00S003 | Flanders | 1,201 m² | 1 · 371 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Acquisitions and mergers
1 transactionTaken over by:BE 0542.539.113