BMAX
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 · 6 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 27-04-2023, 95 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
95 d early
2021
16 d early
2020
4 d late
2019
15 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 31 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 2022, abbreviated schema
Equity
€7,582▼ 70.1%
2021 · €25,320
Total assets
€14,612▼ 47.8%
2021 · €27,973
Net result
-€17,739
2021 · €4,237
Working capital
€10,719▼ 55.9%
2021 · €24,328
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€29,145-€73▼ 99.7%-€13,133€4,453-€18,184
Net result€23,209--€280-€13,134▼ 4,596%€4,237-€17,739
Equity€34,498-€34,218▼ 0.8%€21,083▼ 38.4%€25,320▲ 20.1%€7,582▼ 70.1%
Total assets€59,664-€42,215▼ 29.2%€28,479▼ 32.5%€27,973▼ 1.8%€14,612▼ 47.8%
Debt€25,166-€7,997▼ 68.2%€7,396▼ 7.5%€2,652▼ 64.1%€7,031▲ 165%
Working capital€33,427-€33,148▼ 0.8%€19,562▼ 41.0%€24,328▲ 24.4%€10,719▼ 55.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €18,184 after €4,453 in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €14,612
Fixed assets
€463 ▼ 53.3%
Current assets
€14,149 ▼ 47.6%
Equity and liabilities €14,612
Equity
€7,582 ▼ 70.1%
Debt
€7,031 ▲ 165%
Debt's share of the balance-sheet total rises from 9.5% to 48.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€17,656▼
2021 · €4,982
Cash flow
-€17,210▼
2021 · €4,766
Current ratio
4.12▼
2021 · 10.17
Debt to equity
0.93▲
2021 · 0.10
ROE
-234.0%▼
2021 · 16.7%
ROA
-121.4%▼
2021 · 15.1%
Interest coverage
-68.29▼
2021 · 23.04
Debt ≤ 1 year
€3,431▲
2021 · €2,652
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €535 | €669 | €735 | €529 | €529 | = |
| Other operating charges640/8 | - | - | - | €1,626 | €4,943 | ▲ 204% |
| Gross operating margin9900 | €30,436 | €1,487 | -€11,871 | €6,608 | -€12,713 | ▼ 292% |
| Operating profit (loss)9901 | €29,145 | €73 | -€13,133 | €4,453 | -€18,184 | ▼ 508% |
| Financial income75/76B | - | - | - | - | €704 | - |
| Recurring financial income75 | - | - | €0 | - | €1 | - |
| Non-recurring financial income76B | - | - | - | - | €703 | - |
| Financial charges65/66B | - | - | - | €216 | €259 | ▲ 19.6% |
| Recurring financial charges65 | €60 | €353 | €2 | €216 | €259 | ▲ 19.6% |
| Profit (loss) for the period before taxes9903 | €29,085 | -€280 | -€13,134 | €4,237 | -€17,739 | ▼ 519% |
| Income taxes67/77 | €5,876 | - | - | - | - | - |
| Profit (loss) for the period9904 | €23,209 | -€280 | -€13,134 | €4,237 | -€17,739 | ▼ 519% |
| Profit (loss) for the period to be appropriated9905 | €23,209 | -€280 | -€13,134 | €4,237 | -€17,739 | ▼ 519% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €59,664 | €42,215 | €28,479 | €27,973 | €14,612 | ▼ 47.8% |
| Fixed assets21/28 | €1,071 | €1,070 | €1,521 | €992 | €463 | ▼ 53.3% |
| Tangible fixed assets22/27 | €1,071 | €1,070 | €1,521 | €992 | €463 | ▼ 53.3% |
| Furniture and vehicles24 | - | - | - | €992 | €463 | ▼ 53.3% |
| Current assets29/58 | €58,593 | €41,145 | €26,959 | €26,980 | €14,149 | ▼ 47.6% |
| Amounts receivable within one year40/41 | €6,119 | €6,867 | €9,617 | €17,373 | €10,465 | ▼ 39.8% |
| Trade receivables40 | - | - | - | €17,373 | €10,308 | ▼ 40.7% |
| Other amounts receivable41 | - | - | - | - | €157 | - |
| Cash at bank and in hand54/58 | €52,474 | €34,278 | €17,341 | €9,607 | €3,684 | ▼ 61.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €59,664 | €42,215 | €28,479 | €27,973 | €14,612 | ▼ 47.8% |
| Equity10/15 | €34,498 | €34,218 | €21,083 | €25,320 | €7,582 | ▼ 70.1% |
| Contributions10/11 | €6,300 | €6,300 | - | €6,300 | €6,300 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €26,338 | €26,058 | €12,923 | €17,160 | -€578 | ▼ 103% |
| Amounts payable17/49 | €25,166 | €7,997 | €7,396 | €2,652 | €7,031 | ▲ 165% |
| Amounts payable within one year42/48 | €25,166 | €7,997 | €7,396 | €2,652 | €3,431 | ▲ 29.4% |
| Trade debts44 | €19,284 | €7,997 | €7,396 | €757 | €781 | ▲ 3.2% |
| Suppliers440/4 | - | - | - | €757 | €781 | ▲ 3.2% |
| Taxes, remuneration and social security45 | - | - | - | €1,895 | - | - |
| Taxes450/3 | - | - | - | €1,895 | - | - |
| Other amounts payable47/48 | - | - | - | - | €2,650 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €3,600 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,209 | -€280 | -€13,134 | €4,237 | -€17,739 | ▼ 519% |
| + Depreciation and write-downs630 | €535 | €669 | €735 | €529 | €529 | = |
| Operating cash flow (approximation) | €23,744 | €389 | -€12,400 | €4,766 | -€17,210 | ▼ 461% |
| Investment in fixed assets (approximation) | - | -€669 | -€1,186 | €0 | €0 | - |
| Change in cash | - | -€18,197 | -€16,937 | -€7,734 | -€5,923 | ▲ 23.4% |
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
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€17,739
Net result drops to -€17,739, the lowest in the series.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €4,237
Net result €4,237 after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 10.17
Current ratio from 3.64 to 10.17; short-term debt falls from €7,396 to €2,652.
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 4 days late
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity doublescurrent ratio 5.14
Current ratio from 2.33 to 5.14; short-term debt falls from €25,166 to €7,997.
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
- Sourceaccounts IMMO-AX 202333.33%
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.