BART EN IRIS
InactiveInactive; last annual accounts for fiscal year 2022.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 10-08-2023, 10 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
2025
not confirmed
2024
not filed
2023
not filed
2022
10 d late
2021
11 d early
2020
13 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 11 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2022, abbreviated schema
Equity
€64,987▼ 5.3%
2021 · €68,610
Total assets
€71,830▼ 2.9%
2021 · €73,977
Net result
-€3,622▼ 2,799%
2021 · -€125
Working capital
€64,987▼ 5.3%
2021 · €68,610
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
Line20182019202020212022
Operating result€5-€16▲ 210%€30▲ 84.4%-€104-€3,548▼ 3,314%
Net result-€7--€16▼ 143%€9-€125-€3,622▼ 2,799%
Equity€68,742-€68,726=€68,735=€68,610▼ 0.2%€64,987▼ 5.3%
Total assets€72,352-€72,224▼ 0.2%€72,224=€73,977▲ 2.4%€71,830▼ 2.9%
Debt€3,610-€3,498▼ 3.1%€3,489▼ 0.3%€5,367▲ 53.8%€6,842▲ 27.5%
Working capital-€2,458--€2,474▼ 0.7%-€2,465▲ 0.4%€68,610€64,987▼ 5.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3,548 in 2022 against €104 in 2021; the loss grows and 2022 has the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Equity and liabilities €71,830
Equity
€64,987 ▼ 5.3%
Debt
€6,842 ▲ 27.5%
Debt's share of the balance-sheet total rises from 7.3% to 9.5%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
10.50▼
2021 · 13.78
Debt to equity
0.11▲
2021 · 0.08
ROE
-5.6%▼
2021 · -0.2%
ROA
-5.0%▼
2021 · -0.2%
Debt ≤ 1 year
€6,842▲
2021 · €5,367
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €522 | €525 | ▲ 0.7% |
| Gross operating margin9900 | €549 | €700 | €700 | €418 | -€3,023 | ▼ 824% |
| Operating profit (loss)9901 | €5 | €16 | €30 | -€104 | -€3,548 | ▼ 3,314% |
| Financial charges65/66B | - | - | - | €21 | €74 | ▲ 252% |
| Recurring financial charges65 | €12 | €33 | €21 | €21 | €74 | ▲ 252% |
| Profit (loss) for the period before taxes9903 | -€7 | -€16 | €9 | -€125 | -€3,622 | ▼ 2,799% |
| Profit (loss) for the period9904 | -€7 | -€16 | €9 | -€125 | -€3,622 | ▼ 2,799% |
| Profit (loss) for the period to be appropriated9905 | -€7 | -€16 | €9 | -€125 | -€3,622 | ▼ 2,799% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €72,352 | €72,224 | €72,224 | €73,977 | €71,830 | ▼ 2.9% |
| Fixed assets21/28 | €71,200 | €71,200 | €71,200 | - | - | - |
| Financial fixed assets28 | €71,200 | €71,200 | €71,200 | - | - | - |
| Current assets29/58 | €1,152 | €1,024 | €1,024 | €73,977 | €71,830 | ▼ 2.9% |
| Amounts receivable within one year40/41 | €1,000 | €1,000 | €1,000 | €1,000 | - | - |
| Trade receivables40 | - | - | - | €1,000 | - | - |
| Cash at bank and in hand54/58 | €152 | €24 | €24 | €72,977 | €71,830 | ▼ 1.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €72,352 | €72,224 | €72,224 | €73,977 | €71,830 | ▼ 2.9% |
| Equity10/15 | €68,742 | €68,726 | €68,735 | €68,610 | €64,987 | ▼ 5.3% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | €62,000 | €62,000 | = |
| Reserves13 | €910 | €910 | €910 | €910 | €910 | = |
| Non-distributable reserves130/1 | - | - | - | €910 | €910 | = |
| Legal reserve130 | - | - | - | €910 | €910 | = |
| Profit (loss) carried forward14 | €5,832 | €5,816 | €5,825 | €5,700 | €2,077 | ▼ 63.6% |
| Amounts payable17/49 | €3,610 | €3,498 | €3,489 | €5,367 | €6,842 | ▲ 27.5% |
| Amounts payable within one year42/48 | €3,610 | €3,498 | €3,489 | €5,367 | €6,842 | ▲ 27.5% |
| Other amounts payable47/48 | - | - | - | €5,367 | €6,842 | ▲ 27.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7 | -€16 | €9 | -€125 | -€3,622 | ▼ 2,799% |
| Operating cash flow (approximation) | -€7 | -€16 | €9 | -€125 | -€3,622 | ▼ 2,799% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | -€128 | €0 | €72,953 | -€1,147 | ▼ 102% |
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
2023
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 10 days late
2022
31-12
Financial
Weakest financial yearnet -€3,622
Net result drops to -€3,622, the lowest in the series.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity times 47current ratio 13.78
Current ratio from 0.29 to 13.78.
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 13 days late
2020
31-12
Financial
Back to profitnet €9
Net result €9 after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
16-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 16 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 23 days late
2016
23-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 23 days late
2015
01-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
20-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 20 days late
2013
20-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 20 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
Owners and holdings
1 ownerChain of control
- DOLPHIN SECUTRON
- BART EN IRIS
Highest known parent: DOLPHIN SECUTRON. The sources do not say who stands above it.
Owners 1
- DOLPHIN SECUTRONparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.