BRECO
InactiveInactive; last annual accounts for fiscal year 2020.
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 30-09-2020 was due by 30-04-2021 and was filed on 21-12-2020, 130 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2020
130 d early
2019
45 d early
2018
36 d early
2017
26 d early
2016
17 d early
2015
52 d early
2014
23 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 47 days before the deadline; the Belgian median for financial year 2020 is 1 day before the deadline, and 46% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2020, full schema
Turnover
€670,594▲ 8.0%
2018 · €620,961
EBIT margin
50.6%▲ 15.4pp
2018 · 35.2%
Net result
-€41,959
2019 · €215,900
Working capital
-€2.5m▼ 3.3%
2019 · -€2.4m
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
Line201820192020
Turnover€620,961-€670,594▲ 8.0%
Operating result€218,649-€339,357▲ 55.2%-€14,867
Net result€1.6m-€215,900▼ 86.6%-€41,959
EBIT margin35.2%-50.6%▲ 15.4pp
Equity€2.9m-€3.1m▲ 7.6%€3.0m▼ 1.4%
Total assets€5.9m-€5.9m▼ 0.4%€5.6m▼ 4.1%
Debt€3.0m-€2.8m▼ 8.0%€2.6m▼ 7.2%
Working capital-€2.6m--€2.4m▲ 8.2%-€2.5m▼ 3.3%
Staff (FTE)3-3=
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €14,867 after €339,357 in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €5.6m
Fixed assets
€5.5m ▲ 0.7%
Current assets
€70,269 ▼ 80.0%
Equity and liabilities €5.6m
Equity
€3.0m ▼ 1.4%
Debt
€2.6m ▼ 7.2%
Debt's share of the balance-sheet total falls from 47.5% to 46.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€14,487▼
2019 · €340,516
Cash flow
-€41,578▼
2019 · €217,060
Current ratio
0.03▼
2019 · 0.13
ROE
-1.4%▼
2019 · 7.0%
ROA
-0.7%▼
2019 · 3.7%
Interest coverage
-0.54▼
2019 · 12.58
Debt ≤ 1 year
€2.6m▼
2019 · €2.8m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Turnover70 | €620,961 | €670,594 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,042 | €1,160 | €381 | ▼ 67.2% |
| Operating profit (loss)9901 | €218,649 | €339,357 | -€14,867 | ▼ 104% |
| Recurring financial income75 | €1.5m | €260 | - | - |
| Recurring financial charges65 | €56,063 | €27,626 | €27,091 | ▼ 1.9% |
| Debt charges650 | €55,534 | €27,058 | €26,706 | ▼ 1.3% |
| Profit (loss) for the period before taxes9903 | €1.7m | €311,991 | -€41,959 | ▼ 113% |
| Income taxes67/77 | €52,011 | €96,091 | - | - |
| Profit (loss) for the period9904 | €1.6m | €215,900 | -€41,959 | ▼ 119% |
| Profit (loss) for the period to be appropriated9905 | €1.6m | €215,900 | -€41,959 | ▼ 119% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €5.9m | €5.9m | €5.6m | ▼ 4.1% |
| Fixed assets21/28 | €5.5m | €5.5m | €5.5m | ▲ 0.7% |
| Tangible fixed assets22/27 | €2,284 | €1,124 | €39,947 | ▲ 3,453% |
| Financial fixed assets28 | €5.5m | €5.5m | €5.5m | = |
| Current assets29/58 | €375,127 | €351,793 | €70,269 | ▼ 80.0% |
| Amounts receivable within one year40/41 | €315,304 | €328,104 | €62,664 | ▼ 80.9% |
| Cash at bank and in hand54/58 | €48,372 | €20,900 | €4,019 | ▼ 80.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €5.9m | €5.9m | €5.6m | ▼ 4.1% |
| Equity10/15 | €2.9m | €3.1m | €3.0m | ▼ 1.4% |
| Contributions10/11 | €1.0m | €1.0m | €1.0m | = |
| Reserves13 | €120,603 | €120,603 | €120,603 | = |
| Profit (loss) carried forward14 | €1.7m | €1.9m | €1.9m | ▼ 2.2% |
| Amounts payable17/49 | €3.0m | €2.8m | €2.6m | ▼ 7.2% |
| Amounts payable within one year42/48 | €3.0m | €2.8m | €2.6m | ▼ 7.2% |
| Trade debts44 | €90,801 | €86,822 | €8,114 | ▼ 90.7% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.6m | €215,900 | -€41,959 | ▼ 119% |
| + Depreciation and write-downs630 | €2,042 | €1,160 | €381 | ▼ 67.2% |
| Operating cash flow (approximation) | €1.6m | €217,060 | -€41,578 | ▼ 119% |
| Investment in fixed assets (approximation) | - | €500 | -€39,204 | ▼ 7,941% |
| Change in cash | - | -€27,472 | -€16,881 | ▲ 38.6% |
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
2020
21-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
25-11
State Gazette act
Board meeting · Merger
Power of attorney · Capital
30-09
Financial
Weakest financial yearnet -€41,959
Net result drops to -€41,959, the lowest in the series.
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
09-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
08-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
16-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
11-03
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
16-04
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Structure & network
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:FIXATTI