B.BA
InactiveInactive; last annual accounts for fiscal year 2023.
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 31-12-2023 was due by 31-07-2024 and was filed on 28-06-2024, 33 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2023
33 d early
2022
60 d late
2021
78 d late
2020
124 d late
2019
122 d late
2018
30 d late
2017
88 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2023, abbreviated schema
Equity
€13k▲ 8.0%
2022 · €12k
Total assets
€130k▼ 12.4%
2022 · €149k
Net result
€990
2022 · €-5k
Working capital
€-37k▲ 5.1%
2022 · €-39k
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
Operating result€282▼ 95.5%€636▲ 125%€4k▲ 482%€-4k€4k
Net result€-755€67€582▲ 763%€-5k€990
Equity€16k▼ 4.4%€17k▲ 0.4%€17k▲ 3.5%€12k▼ 27.5%€13k▲ 8.0%
Total assets€43k▼ 11.0%€76k▲ 76.9%€90k▲ 18.7%€149k▲ 65.6%€130k▼ 12.4%
Debt€26k▼ 14.7%€59k▲ 125%€73k▲ 22.9%€136k▲ 87.5%€117k▼ 14.3%
Working capital€9k▲ 11.3%€12k▲ 30.1%€16k▲ 27.4%€-39k€-37k▲ 5.1%
Staff (FTE)00
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €4k after a loss of €4k in 2022, the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €130k
Fixed assets
€50k ▼ 10.4%
Current assets
€80k ▼ 13.6%
Equity and liabilities €130k
Equity
€13k ▲ 8.0%
Debt
€117k ▼ 14.3%
Debt's share of the balance-sheet total falls from 91.6% to 89.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€10k▲
2022 · €-2k
Cash flow
€7k▲
2022 · €-3k
Current ratio
0.69▼
2022 · 0.71
Debt to equity
8.71▼
2022 · 10.97
ROE
7.4%▲
2022 · -37.9%
ROA
0.8%▲
2022 · -3.2%
Interest coverage
2.64▲
2022 · -1.31
Debt ≤ 1 year
€117k▼
2022 · €131k
Income taxes
€0▼
2022 · €86
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €3k | €2k | €6k | ▲ 231% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €15k | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | €1k | €9k | €499 | ▼ 94.5% |
| Gross operating margin9900 | €3k | €4k | €8k | €22k | €11k | ▼ 50.4% |
| Operating profit (loss)9901 | €282 | €636 | €4k | €-4k | €4k | ▲ 216% |
| Financial income75/76B | - | - | €69 | €769 | €431 | ▼ 44.0% |
| Recurring financial income75 | €40 | €0 | €69 | €769 | €431 | ▼ 44.0% |
| Financial charges65/66B | - | - | €126 | €2k | €4k | ▲ 146% |
| Recurring financial charges65 | €77 | €301 | €126 | €2k | €4k | ▲ 146% |
| Profit (loss) for the period before taxes9903 | €246 | €335 | €4k | €-5k | €990 | ▲ 121% |
| Income taxes67/77 | €1k | €267 | €3k | €86 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €-755 | €67 | €582 | €-5k | €990 | ▲ 121% |
| Profit (loss) for the period to be appropriated9905 | €-755 | €67 | €582 | €-5k | €990 | ▲ 121% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €43k | €76k | €90k | €149k | €130k | ▼ 12.4% |
| Fixed assets21/28 | €7k | €4k | €2k | €56k | €50k | ▼ 10.4% |
| Intangible fixed assets21 | - | - | - | €56k | €50k | ▼ 10.1% |
| Tangible fixed assets22/27 | €7k | €4k | €2k | €210 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | €2k | €210 | €0 | ▼ 100% |
| Current assets29/58 | €36k | €71k | €88k | €93k | €80k | ▼ 13.6% |
| Amounts receivable within one year40/41 | €28k | €63k | €81k | €44k | €27k | ▼ 37.2% |
| Trade receivables40 | - | - | €81k | €44k | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | €630 | €0 | €27k | - |
| Cash at bank and in hand54/58 | €8k | €8k | €7k | €49k | €53k | ▲ 7.6% |
| Deferred charges and accrued income490/1 | - | - | €203 | €175 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €43k | €76k | €90k | €149k | €130k | ▼ 12.4% |
| Equity10/15 | €16k | €17k | €17k | €12k | €13k | ▲ 8.0% |
| Contributions10/11 | €11k | €0 | €17k | €17k | €17k | = |
| Outside capital11 | - | - | €17k | - | €17k | - |
| Share premium1100/10 | - | - | €6k | - | €6k | - |
| Other1109/19 | - | - | €11k | - | €11k | - |
| Reserves13 | €1k | €1k | €1k | €1k | €1k | = |
| Non-distributable reserves130/1 | - | - | €61 | €61 | €61 | = |
| Reserves not available under the articles1311 | - | - | €61 | €61 | €61 | = |
| Distributable reserves133 | - | - | €1k | €1k | €1k | = |
| Profit (loss) carried forward14 | €-2k | €-2k | €-1k | €-6k | €-5k | ▲ 16.2% |
| Amounts payable17/49 | €26k | €59k | €73k | €136k | €117k | ▼ 14.3% |
| Amounts payable within one year42/48 | €26k | €59k | €73k | €131k | €117k | ▼ 11.1% |
| Trade debts44 | €20k | €54k | €31k | €17k | €21k | ▲ 25.5% |
| Suppliers440/4 | - | - | €31k | €17k | €21k | ▲ 25.5% |
| Taxes, remuneration and social security45 | - | - | €4k | €7k | €0 | ▼ 100% |
| Taxes450/3 | - | - | €4k | €7k | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | €38k | €108k | €96k | ▼ 11.2% |
| Accrued charges and deferred income492/3 | - | - | - | €5k | €0 | ▼ 100% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-755 | €67 | €582 | €-5k | €990 | ▲ 121% |
| + Depreciation and write-downs630 | €3k | €3k | €3k | €2k | €6k | ▲ 231% |
| Operating cash flow (approximation) | €2k | €3k | €3k | €-3k | €7k | ▲ 330% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-56k | €0 | ▲ 100% |
| Change in cash | - | €-41 | €-980 | €42k | €4k | ▼ 91.2% |
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
30-08
State Gazette act
Merger · Power of attorney
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
25-06
State Gazette act
Board meeting · Merger
Accounting effect
2023
31-12
Financial
Back to profitnet €990
Net result €990 after one loss-making year.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 60 days late
2022
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
02-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 124 days late
2020
31-12
Financial
Back to profitnet €67
Net result €67 after one loss-making year.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
27-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 88 days late
Show earlier events
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 88 days late
2016
22-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 53 days late
2015
29-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 60 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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:Hillewaere Insurance