BASSEM CERTIFICATES
InactiveInactive; last annual accounts for fiscal year 2023.
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 31-12-2024, 2 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
31-12-2024 close31-07-2025 deadline28-09-2026 today
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 11-06-2024, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
50 d early
2022
126 d early
2021
39 d early
2020
92 d early
2019
85 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 78 days before 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 2023, full schema
Turnover
€1.0m▼ 35.9%
2021 · €1.6m
EBIT margin
1163.7%▲ 1125.7pp
2021 · 38.0%
Net result
-€24,364
2022 · €882,011
Working capital
€81,236▼ 23.1%
2022 · €105,600
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€1.9m-€2.0m▲ 1.5%€1.6m▼ 18.1%€1.0m▼ 35.9%
Operating result€949,390-€974,195▲ 2.6%€610,937▼ 37.3%€12.0m▲ 1,861%-€24,558
Net result€23,796-€27,133▲ 14.0%€21,422▼ 21.0%€882,011▲ 4,017%-€24,364
EBIT margin49.2%-49.7%▲ 0.5pp38.0%▼ 11.6pp1163.7%▲ 1125.7pp
Equity€248,734-€275,867▲ 10.9%€297,289▲ 7.8%€105,600▼ 64.5%€81,236▼ 23.1%
Total assets€41.9m-€41.1m▼ 2.0%€36.4m▼ 11.5%€3.2m▼ 91.3%€96,981▼ 96.9%
Debt€41.7m-€40.8m▼ 2.1%€36.1m▼ 11.6%€3.1m▼ 91.5%€15,746▼ 99.5%
Working capital-€847,236--€819,583▲ 3.3%-€805,664▲ 1.7%€105,600€81,236▼ 23.1%
Why a figure moved sharply
- 2022 Net result +4,017% on 2021. This fiscal year ran 19 months, the previous one 12.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €24,558 after €12.0m in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €96,981
Equity
€81,236 ▼ 23.1%
Debt
€15,746 ▼ 99.5%
Debt's share of the balance-sheet total falls from 96.7% to 16.2%. Equity and debt are lower.
Key figures and ratios
Current ratio
6.16▲
2022 · 1.03
Debt to equity
0.19▼
2022 · 29.08
ROE
-30.0%▼
2022 · 835.2%
ROA
-25.1%▼
2022 · 27.8%
Debt ≤ 1 year
€15,746▼
2022 · €3.1m
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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €13.9m | - | - |
| Turnover70 | €1.9m | €2.0m | €1.6m | €1.0m | - | - |
| Non-recurring operating income76A | - | - | - | €12.9m | - | - |
| Operating charges60/66A | - | - | - | €1.9m | €24,558 | ▼ 98.7% |
| Services and other goods61 | - | - | - | €180,553 | €23,597 | ▼ 86.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €879,386 | €879,386 | €879,386 | €439,693 | - | - |
| Other operating charges640/8 | - | - | - | €918 | €960 | ▲ 4.6% |
| Non-recurring operating charges66A | - | - | - | €1.3m | - | - |
| Operating profit (loss)9901 | €949,390 | €974,195 | €610,937 | €12.0m | -€24,558 | ▼ 100% |
| Financial income75/76B | - | - | - | - | €435 | - |
| Recurring financial income75 | - | - | - | - | €435 | - |
| Income from current assets751 | - | - | - | - | €433 | - |
| Other financial income752/9 | - | - | - | - | €2 | - |
| Financial charges65/66B | - | - | - | €10.8m | €242 | ▼ 100.0% |
| Recurring financial charges65 | €913,172 | €937,123 | €581,715 | €10.8m | €242 | ▼ 100.0% |
| Debt charges650 | €913,153 | €937,122 | €581,714 | €10.8m | - | - |
| Other financial charges652/9 | - | - | - | €6 | €242 | ▲ 4,138% |
| Profit (loss) for the period before taxes9903 | €36,217 | €37,072 | €29,222 | €1.2m | -€24,364 | ▼ 102% |
| Income taxes67/77 | €12,421 | €9,939 | €7,800 | €294,004 | - | - |
| Taxes670/3 | - | - | - | €294,004 | - | - |
| Profit (loss) for the period9904 | €23,796 | €27,133 | €21,422 | €882,011 | -€24,364 | ▼ 103% |
| Profit (loss) for the period to be appropriated9905 | €23,796 | €27,133 | €21,422 | €882,011 | -€24,364 | ▼ 103% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €41.9m | €41.1m | €36.4m | €3.2m | €96,981 | ▼ 96.9% |
| Fixed assets21/28 | €36.5m | €35.6m | €34.7m | - | - | - |
| Tangible fixed assets22/27 | €36.5m | €35.6m | €34.7m | - | - | - |
| Current assets29/58 | €5.4m | €5.5m | €1.6m | €3.2m | €96,981 | ▼ 96.9% |
| Amounts receivable within one year40/41 | €3.5m | €4.0m | €71,197 | €6,041 | €130 | ▼ 97.8% |
| Trade receivables40 | - | - | - | €45 | - | - |
| Other amounts receivable41 | - | - | - | €5,996 | €130 | ▼ 97.8% |
| Cash at bank and in hand54/58 | €1.9m | €1.4m | €1.2m | €3.2m | €96,851 | ▼ 96.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €41.9m | €41.1m | €36.4m | €3.2m | €96,981 | ▼ 96.9% |
| Equity10/15 | €248,734 | €275,867 | €297,289 | €105,600 | €81,236 | ▼ 23.1% |
| Contributions10/11 | €96,000 | €96,000 | €96,000 | €96,000 | €96,000 | = |
| Capital10 | - | - | - | €96,000 | €96,000 | = |
| Issued capital100 | - | - | - | €96,000 | €96,000 | = |
| Reserves13 | €9,600 | €9,600 | €9,600 | €9,600 | €9,600 | = |
| Non-distributable reserves130/1 | - | - | - | €9,600 | €9,600 | = |
| Legal reserve130 | - | - | - | €9,600 | €9,600 | = |
| Profit (loss) carried forward14 | €143,134 | €170,267 | €191,689 | - | -€24,364 | - |
| Amounts payable17/49 | €41.7m | €40.8m | €36.1m | €3.1m | €15,746 | ▼ 99.5% |
| Amounts payable after more than one year17 | €35.3m | €34.4m | €33.5m | - | - | - |
| Amounts payable within one year42/48 | €6.3m | €6.3m | €2.4m | €3.1m | €15,746 | ▼ 99.5% |
| Trade debts44 | €89,795 | €91,115 | €76,596 | €2,929 | €15,746 | ▲ 438% |
| Suppliers440/4 | - | - | - | €2,929 | €15,746 | ▲ 438% |
| Other amounts payable47/48 | - | - | - | €3.1m | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,796 | €27,133 | €21,422 | €882,011 | -€24,364 | ▼ 103% |
| + Depreciation and write-downs630 | €879,386 | €879,386 | €879,386 | €439,693 | - | - |
| Operating cash flow (approximation) | €903,182 | €906,519 | €900,808 | €1.3m | -€24,364 | ▼ 102% |
| Investment in fixed assets (approximation) | - | €0 | -€1 | - | - | - |
| Change in cash | - | -€460,030 | -€196,620 | €1.9m | -€3.1m | ▼ 259% |
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
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€24,364
Net result drops to -€24,364, the lowest in the series.
31-12
Financial
Liquidity times 6current ratio 6.16
Current ratio from 1.03 to 6.16; short-term debt falls from €3.1m to €15,746.
27-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2019net €882,011 ▲4,017%
Operating result €12.0m, net result €882,011, both a record.
2021
22-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
02-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
16-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 136 days late
2015
19-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2014
22-10
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneNBB 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
Owners and holdings
1 ownerOwners 1
-
50%
Stated earlier (1)
An older source named these owners; newer accounts no longer list them.
-
50%
Holdings 0
The accounts to 31-12-2023 list no holdings, and no other source names one.
According to the 2023 annual accounts of BASSEM CERTIFICATES and those 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.