ASSURANCES SERVICES

Inactive

KBO/BCE: BE 0403.250.477

Inactive; last annual accounts for fiscal year 2012.

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ASSURANCES SERVICESInactive

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Signals

Two signals. The signal on the left, the evidence on the right.

○neutral

No filing for years

The last filed financial year closed on 31-12-2012. Since then, 13 financial years are missing. This points to a standstill, not an imminent failure.

NBB · 10 filings

Position against the passed deadline

31-12-2013 close31-07-2014 deadline30-09-2026 today

Filed after the deadline

The financial year that closed on 31-12-2012 was due by 31-07-2013 and was filed on 30-08-2013, 30 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 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

not filed

2021

not filed

2020

not filed

2019

not filed

← before the deadline after the deadline →

tick = median of all Belgian filings

The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2012, full schema

Turnover

€439,185▼ 1.6%

2008 · €446,264

EBIT margin

-12.1%▼ 16.0pp

2008 · 3.9%

Net result

-€64,470▲ 38.8%

2011 · -€105,367

Working capital

€671,504▼ 8.9%

2011 · €736,898

Trend over the years

In euros Turnover Operating result Net result Equity Total assets Debt Working capital

In per cent EBIT margin

In full-time equivalents (FTE) Staff (FTE)

In euros

No line ticked in this group.

In per cent

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

Line20082009201020112012

Turnover€446,264-€439,185▼ 1.6%

Operating result€17,560--€52,988-€215,503▼ 307%-€121,105▲ 43.8%-€64,961▲ 46.4%

Net result€8,810-€775,027▲ 8,697%-€207,365-€105,367▲ 49.2%-€64,470▲ 38.8%

EBIT margin3.9%--12.1%▼ 16.0pp

Equity€22,067-€797,094▲ 3,512%€589,728▼ 26.0%€484,361▼ 17.9%€419,890▼ 13.3%

Total assets€365,017-€1.1m▲ 208%€832,067▼ 26.0%€1.7m▲ 101%€1.6m▼ 5.2%

Debt€342,950-€156,896▼ 54.3%€72,340▼ 53.9%€1.0m▲ 1,335%€1.0m▼ 0.6%

Working capital€2,030-€960,995▲ 47,240%€759,228▼ 21.0%€736,898▼ 2.9%€671,504▼ 8.9%

Staff (FTE)4.8-5▲ 4.2%5=1▼ 80.0%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €64,961 in 2012 against €121,105 in 2011; the loss shrinks.

Balance-sheet composition

2012 in colour, 2011 as the grey bar beneath

Assets €1.6m

50.4%

49.6%

Fixed assets €800,500 ▼ 11.1%

Current assets €787,213 ▲ 1.6%

Equity and liabilities €1.6m

26.4%

65.0%

Equity €419,890 ▼ 13.3%

Provisions €136,000 ▼ 11.1%

Debt €1.0m ▼ 0.6%

Debt's share of the balance-sheet total rises from 62.0% to 65.0%. Equity and debt are lower.

Key figures and ratios

2012 value · change against 2011

EBITDA

€35,039▲

2011 · -€21,105

Cash flow

€35,530▲

2011 · -€5,367

Current ratio

6.80▼

2011 · 20.33

Debt to equity

2.18▲

2011 · 2.06

ROE

-15.4%▲

2011 · -21.8%

ROA

-4.1%▲

2011 · -6.3%

Debt ≤ 1 year

€115,709▲

2011 · €38,114

Debt > 1 year

€916,113▼

2011 · €1.0m

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2012 against 2011 · 25 lines

Balance sheet Code20112012

Assets

Total assets20/58€1.7m€1.6m▼

Fixed assets21/28€900,500€800,500▼

Intangible fixed assets21€900,000€800,000▼

Financial fixed assets28€500€500=

Current assets29/58€775,012€787,213▲

Amounts receivable within one year40/41€629,216€635,051▲

Cash at bank and in hand54/58€145,186€151,572▲

Equity and liabilities

Total equity and liabilities10/49€1.7m€1.6m▼

Equity10/15€484,361€419,890▼

Contributions10/11€30,987€30,987=

Reserves13€750,494€667,494▼

Profit (loss) carried forward14-€297,120-€278,590▲

Provisions and deferred taxes16€153,000€136,000▼

Amounts payable17/49€1.0m€1.0m▼

Amounts payable after more than one year17€1.0m€916,113▼

Amounts payable within one year42/48€38,114€115,709▲

Trade debts44€1,217€172▼

Income statement Code20112012

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€100,000€100,000=

Gross operating margin9900€56,321€37,042▼

Operating profit (loss)9901-€121,105-€64,961▲

Recurring financial income75€7,038€20,093▲

Recurring financial charges65€8,300€36,602▲

Profit (loss) for the period before taxes9903-€122,367-€81,470▲

Profit (loss) for the period9904-€105,367-€64,470▲

Profit (loss) for the period to be appropriated9905-€22,367€18,530▲

Line	2008	2009	2010	2011	2012	Change
Turnover70	€446,264	€439,185	-	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€6,551	€5,177	€30,268	€100,000	€100,000	=
Gross operating margin9900	€206,119	€223,232	€75,570	€56,321	€37,042	▼ 34.2%
Operating profit (loss)9901	€17,560	-€52,988	-€215,503	-€121,105	-€64,961	▲ 46.4%
Recurring financial income75	€3,173	€417	€9,933	€7,038	€20,093	▲ 185%
Recurring financial charges65	€2,995	€1,472	€1,701	€8,300	€36,602	▲ 341%
Profit (loss) for the period before taxes9903	€17,830	€945,884	-€207,271	-€122,367	-€81,470	▲ 33.4%
Income taxes67/77	€9,020	€857	€94	-	-	-
Profit (loss) for the period9904	€8,810	€775,027	-€207,365	-€105,367	-€64,470	▲ 38.8%
Profit (loss) for the period to be appropriated9905	€8,810	-€54,973	-€207,365	-€22,367	€18,530	▲ 183%

Line	2008	2009	2010	2011	2012	Change
Assets
Total assets20/58	€365,017	€1.1m	€832,067	€1.7m	€1.6m	▼ 5.2%
Fixed assets21/28	€35,944	€30,767	€500	€900,500	€800,500	▼ 11.1%
Intangible fixed assets21	€949	€474	-	€900,000	€800,000	▼ 11.1%
Tangible fixed assets22/27	€34,495	€29,793	-	-	-	-
Financial fixed assets28	€500	€500	€500	€500	€500	=
Current assets29/58	€329,073	€1.1m	€831,567	€775,012	€787,213	▲ 1.6%
Amounts receivable within one year40/41	€268,593	€1.1m	€784,635	€629,216	€635,051	▲ 0.9%
Cash at bank and in hand54/58	€41,131	€16,219	€46,932	€145,186	€151,572	▲ 4.4%
Equity and liabilities
Total equity and liabilities10/49	€365,017	€1.1m	€832,067	€1.7m	€1.6m	▼ 5.2%
Equity10/15	€22,067	€797,094	€589,728	€484,361	€419,890	▼ 13.3%
Contributions10/11	€30,987	€30,987	€30,987	€30,987	€30,987	=
Reserves13	€3,494	€833,494	€833,494	€750,494	€667,494	▼ 11.1%
Profit (loss) carried forward14	-€12,414	-€67,387	-€274,753	-€297,120	-€278,590	▲ 6.2%
Provisions and deferred taxes16	-	€170,000	€170,000	€153,000	€136,000	▼ 11.1%
Amounts payable17/49	€342,950	€156,896	€72,340	€1.0m	€1.0m	▼ 0.6%
Amounts payable after more than one year17	€15,907	€6,694	-	€1.0m	€916,113	▼ 8.4%
Amounts payable within one year42/48	€327,043	€132,228	€72,340	€38,114	€115,709	▲ 204%
Trade debts44	€288,833	€106,815	€10,399	€1,217	€172	▼ 85.9%

Line	2008	2009	2010	2011	2012	Change
Profit (loss) for the period9904	€8,810	€775,027	-€207,365	-€105,367	-€64,470	▲ 38.8%
+ Depreciation and write-downs630	€6,551	€5,177	€30,268	€100,000	€100,000	=
Operating cash flow (approximation)	€15,361	€780,204	-€177,098	-€5,367	€35,530	▲ 762%
Investment in fixed assets (approximation)	-	€0	-€1	-€1.0m	€0	▲ 100%
Change in cash	-	-€24,912	€30,713	€98,254	€6,386	▼ 93.5%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

2013

30-08

NBB filing Annual accounts filed

fiscal year 2012 · full schema · 30 days late

2012

29-08

NBB filing Annual accounts filed

fiscal year 2011 · full schema · 29 days late

2011

04-11

NBB filing Annual accounts filed

fiscal year 2010 · full schema · 96 days late

2010

31-12

Financial Weakest financial yearnet -€207,365

Net result drops to -€207,365, the lowest in the series.

01-10

NBB filing Annual accounts filed

fiscal year 2009 · full schema · 62 days late

2009

31-12

Financial Highest result since 2008net €775,027 ▲8,697%

Net result €775,027, the highest in the series.

31-12

Financial Liquidity times 8current ratio 8.27

Current ratio from 1.01 to 8.27; short-term debt falls from €327,043 to €132,228.

31-12

Financial Equity above €500,000Eq €797,094 ▲3,512%

2 profitable years in a row build equity to €797,094.

18-06

NBB filing Annual accounts filed

fiscal year 2008 · full schema

2008

30-09

NBB filing Annual accounts filed

fiscal year 2007 · full schema · 61 days late

2007

17-10

NBB filing Annual accounts filed

fiscal year 2006 · full schema · 78 days late

2006

04-08

NBB filing Annual accounts filed

fiscal year 2005 · full schema · 4 days late

2005

19-08

NBB filing Annual accounts filed

fiscal year 2004 · full schema · 19 days late

2004

22-06

NBB filing Annual accounts filed

fiscal year 2003 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 4 acts read

About the unread acts

We know of 4 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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