BSEG
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 · 7 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 13-05-2022, 79 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
79 d early
2020
5 d early
2019
52 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, abbreviated schema
Turnover
€565k
EBIT margin
7.1%
Net result
€23k▼ 46.3%
2020 · €43k
2018: €363k
2019: €53k
2020: €43k
2018 → 2021
Working capital
€275k▲ 11.9%
2020 · €245k
2018: €164k
2019: €226k
2020: €245k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€565k
Equity€2.00M-€2.06M▲ 2.7%€2.10M▲ 2.1%€2.12M▲ 1.1%
Operating result€137k-€79k▼ 42.2%€61k▼ 22.5%€40k▼ 34.3%
Net result€363k-€53k▼ 85.4%€43k▼ 18.6%€23k▼ 46.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2021 is 34% below 2020 and is the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €2.21M
Fixed assets
€1.85M ▼ 0.3%
Current assets
€361k ▼ 46.1%
Equity and liabilities €2.21M
Equity
€2.12M ▲ 1.1%
Debt
€86k ▼ 79.6%
Debt's share of the balance-sheet total falls from 16.8% to 3.9%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
4.19▲
2020 · 1.58
Quick ratio
3.86▲
2020 · 1.58
Debt to equity
0.04
ROE
1.1%▼
2020 · 2.1%
ROA
1.1%▼
2020 · 1.7%
Debt ≤ 1 year
€86k▼
2020 · €424k
Income taxes
€9k▼
2020 · €17k
Staff costs
€286k
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 · 44 lines
Balance sheet
Code20202021
Assets
Total assets20/58€2.52M€2.21M▼
Fixed assets21/28€1.85M€1.85M▼
Financial fixed assets28€1.85M€1.85M▼
Current assets29/58€669k€361k▼
Stocks and contracts in progress3-€29k
Contracts in progress37-€29k
Amounts receivable within one year40/41€622k€142k▼
Trade receivables40-€142k
Cash at bank and in hand54/58€48k€190k▲
Equity and liabilities
Total equity and liabilities10/49€2.52M€2.21M▼
Equity10/15€2.10M€2.12M▲
Contributions10/11-€1.71M
Reserves13€393k€416k▲
Non-distributable reserves130/1-€20k
Reserves not available under the articles1311-€20k
Distributable reserves133-€396k
Amounts payable17/49€424k€86k▼
Amounts payable within one year42/48€424k€86k▼
Trade debts44€223k€17k▼
Suppliers440/4-€17k
Taxes, remuneration and social security45-€61k
Taxes450/3-€26k
Remuneration and social security454/9-€36k
Other amounts payable47/48-€8k
Accrued charges and deferred income492/3-€147
Income statement
Code20202021
Turnover70-€565k
Goods, raw materials, services and sundry goods60/61-€267k
Remuneration, social security and pensions62-€286k
Other operating charges640/8-€978
Gross operating margin9900€241k€328k▲
Operating profit (loss)9901€61k€40k▼
Financial income75/76B-€90
Recurring financial income75-€90
Financial charges65/66B-€8k
Recurring financial charges65€2k€2k▲
Non-recurring financial charges66B-€6k
Profit (loss) for the period before taxes9903€60k€32k▼
Income taxes67/77€17k€9k▼
Profit (loss) for the period9904€43k€23k▼
Profit (loss) for the period to be appropriated9905€43k€23k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€23k
Transfer to equity691/2-€23k
To other reserves6921-€23k
Social balance
Average headcount (FTE)9087-3.9
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2022
13-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €23k ▼46.3%
Net result drops to €23k, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 4.19
Current ratio from 1.58 to 4.19; short-term debt falls from €424k to €86k.
19-11
State Gazette act
Board meeting · Merger
Accounting effect · Corporate purpose
19-11
State Gazette act
Board meeting · Merger
Accounting effect · Corporate purpose
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 52 days late
2019
18-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 49 days late
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
21-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB 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
Acquisitions and mergers
1 transactionTaken over by:Sweco Belgium