BEMO
InactiveInactive; last annual accounts for fiscal year 2021.
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 31-12-2022, 4 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
31-12-2022 close31-07-2023 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 09-08-2022, 9 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
not filed
2021
9 d late
2020
5 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, abbreviated schema
Equity
€43.87M▲ 3.5%
2020 · €42.38M
2018: €30.21M
2019: €37.06M
2020: €42.38M
2018 → 2021
Total assets
€52.60M▲ 17.9%
2020 · €44.61M
2018: €36.50M
2019: €39.98M
2020: €44.61M
2018 → 2021
Net result
€6.09M▲ 14.2%
2020 · €5.33M
2018: €3.64M
2019: €6.85M
2020: €5.33M
2018 → 2021
Working capital
€20.13M▲ 8.1%
2020 · €18.61M
2018: €9.86M
2019: €14.98M
2020: €18.61M
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€30.21M-€37.06M▲ 22.6%€42.38M▲ 14.4%€43.87M▲ 3.5%
Operating result€51k-€17k▼ 67.4%€-51k€-157k▼ 209%
Net result€3.64M-€6.85M▲ 88.1%€5.33M▼ 22.1%€6.09M▲ 14.2%
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 €157k in 2021 against €51k in 2020; the loss grows and 2021 has the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €52.60M
Fixed assets
€27.36M ▲ 15.1%
Current assets
€25.24M ▲ 21.1%
Equity and liabilities €52.60M
Equity
€43.87M ▲ 3.5%
Debt
€8.73M ▲ 291%
Debt's share of the balance-sheet total rises from 5.0% to 16.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€682k▲
2020 · €592k
Cash flow
€6.93M▲
2020 · €5.97M
Current ratio
4.94▼
2020 · 9.34
Debt to equity
0.20
ROE
13.9%▲
2020 · 12.6%
ROA
11.6%▼
2020 · 11.9%
Interest coverage
1.58
Debt ≤ 1 year
€5.11M▲
2020 · €2.23M
Debt > 1 year
€3.60M
Income taxes
€24k▼
2020 · €206k
Staff costs
€27k
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 · 2021 against 2020 · 55 lines
Balance sheet
Code20202021
Assets
Total assets20/58€44.61M€52.60M▲
Fixed assets21/28€23.77M€27.36M▲
Tangible fixed assets22/27€19.99M€23.58M▲
Land and buildings22-€21.98M
Furniture and vehicles24-€1.60M
Financial fixed assets28€3.78M€3.78M=
Current assets29/58€20.85M€25.24M▲
Amounts receivable within one year40/41€12.36M€10.64M▼
Trade receivables40-€48k
Other amounts receivable41-€10.59M
Current investments50/53€7.13M€7.49M▲
Cash at bank and in hand54/58€1.10M€6.92M▲
Deferred charges and accrued income490/1-€190k
Equity and liabilities
Total equity and liabilities10/49€44.61M€52.60M▲
Equity10/15€42.38M€43.87M▲
Contributions10/11€80k€80k=
Capital10-€80k
Issued capital100-€80k
Reserves13€12.29M€7.69M▼
Non-distributable reserves130/1-€188k
Legal reserve130-€188k
Distributable reserves133-€7.50M
Profit (loss) carried forward14€30.01M€36.10M▲
Amounts payable17/49€2.23M€8.73M▲
Amounts payable after more than one year17-€3.60M
Financial debts170/4-€3.60M
Amounts payable within one year42/48€2.23M€5.11M▲
Current portion of amounts payable after more than one year42-€400k
Trade debts44€50k€8k▼
Suppliers440/4-€8k
Taxes, remuneration and social security45-€62k
Taxes450/3-€59k
Remuneration and social security454/9-€3k
Other amounts payable47/48-€4.64M
Accrued charges and deferred income492/3-€22k
Income statement
Code20202021
Remuneration, social security and pensions62-€27k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€643k€839k▲
Other operating charges640/8-€101k
Gross operating margin9900€778k€810k▲
Operating profit (loss)9901€-51k€-157k▼
Financial income75/76B-€6.70M
Recurring financial income75€6.37M€6.70M▲
Financial charges65/66B-€432k
Recurring financial charges65€779k€432k▼
Profit (loss) for the period before taxes9903€5.54M€6.11M▲
Income taxes67/77€206k€24k▼
Profit (loss) for the period9904€5.33M€6.09M▲
Profit (loss) for the period to be appropriated9905€5.33M€6.09M▲
Appropriation of the result
Profit (loss) to be appropriated9906-€36.10M
Profit (loss) brought forward from the previous period14P-€30.01M
Transfer from equity791/2-€4.60M
Profit to be distributed694/7-€4.61M
Return on contributions (dividend)694-€4.60M
Directors or managers695-€5k
Social balance
Average headcount (FTE)9087-1.2
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
10-01
State Gazette act
Director resignation · Director appointment
Permanent representative
2022
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 9 days late
29-07
State Gazette act
Director resignation · Director appointment
Permanent representative
08-07
State Gazette act
General meeting · Demerger
Dissolution · Accounting effect · Eline Heck
27-04
State Gazette act
Merger · Accounting effect
Power of attorney · Real estate
15-04
State Gazette act
Incorporation · Founder
Founding capital · Corporate purpose
15-04
State Gazette act
Incorporation · Founder
Founding capital · Corporate purpose
2021
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 5 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
31-12
Financial
Highest result since 2018net €6.85M ▲88.1%
Net result €6.85M, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 6.14
Current ratio from 2.87 to 6.14; short-term debt falls from €5.27M to €2.92M.
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 12 days late
Show earlier events
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 8 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
11-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 11 days late
2015
20-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 20 days late
2014
06-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 6 days late
2013
21-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 21 days late
2012
13-07
State Gazette act
General meeting · Director appointment
Permanent representative · Board meeting
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Structure & network
Recognitions · licences · registrations
Legal Entity Identifier
529900D9TB6Z3LPO4Z85