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CEDAR

Inactive
KBO/BCE: BE 1003.789.454

Inactive; last annual accounts for fiscal year 2024.

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 30-06-2024 was due by 31-01-2025 and was filed on 18-12-2024, 44 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2024
44 d early
2023
51 d early
2023
193 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 3 accounts on average 96 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)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity
€763.3m▼ 0.1%
2023 · €763.9m
Total assets
€790.6m=
2023 · €790.8m
Net result
-€596,135
2023 · €3.7m
Working capital
€2.3m▲ 0.5%
2023 · €2.3m
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
Line20232024
Operating result-€48,308--€287▲ 99.4%
Net result€3.7m--€596,135
Equity€763.9m-€763.3m▼ 0.1%
Total assets€790.8m-€790.6m=
Debt€26.8m-€27.3m▲ 1.6%
Working capital€2.3m-€2.3m▲ 0.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€2.0m€0€2.0m€4.0mOperating result 2023: -€48,308-€48,308Net result 2023: €3.7m€3.7mOperating result 2024: -€287-€287Net result 2024: -€596,135-€596,13520232024-€2m€0€2m€4mOperating result 2023: -€48,308-€48,300Net result 2023: €3.7m€3.7mOperating result 2024: -€287-€287Net result 2024: -€596,135-€596,00020232024
The operating result stays negative: a loss of €287 in 2024 against €48,308 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €790.6m
Fixed assets €788.3m =
Current assets €2.3m ▼ 6.9%
Equity and liabilities €790.6m
Equity €763.3m ▼ 0.1%
Debt €27.3m ▲ 1.6%
Debt's share of the balance-sheet total rises from 3.4% to 3.4%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
Debt to equity
0.04▲
2023 · 0.04
ROE
-0.1%▼
2023 · 0.5%
ROA
-0.1%▼
2023 · 0.5%
Debt ≤ 1 year
€613▼
2023 · €183,259
Debt > 1 year
€26.7m=
2023 · €26.7m
Income taxes
€507▼
2023 · €170,990
A ratio outside any meaningful range has been withheld (balance sheet total €790.6m, equity €763.3m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 43 lines
Balance sheet Code20232024
Assets
Total assets20/58€790.8m€790.6m=
Fixed assets21/28€788.3m€788.3m=
Financial fixed assets28€788.3m€788.3m=
Current assets29/58€2.5m€2.3m▼
Amounts receivable within one year40/41-€2.2m
Other amounts receivable41-€2.2m
Current investments50/53€375€375=
Cash at bank and in hand54/58€2.5m€61,817▼
Deferred charges and accrued income490/1-€375
Equity and liabilities
Total equity and liabilities10/49€790.8m€790.6m=
Equity10/15€763.9m€763.3m▼
Contributions10/11€74.2m€74.2m=
Capital10€74.2m€74.2m=
Issued capital100€74.2m€74.2m=
Outside capital11€8€8=
Share premium1100/10€8€8=
Reserves13€7.4m€7.4m=
Non-distributable reserves130/1€7.4m€7.4m=
Legal reserve130€7.4m€7.4m=
Profit (loss) carried forward14€682.3m€681.7m▼
Amounts payable17/49€26.8m€27.3m▲
Amounts payable after more than one year17€26.7m€26.7m=
Financial debts170/4€26.7m€26.7m=
Amounts payable within one year42/48€183,259€613▼
Trade debts44€17,085-
Suppliers440/4€17,085-
Taxes, remuneration and social security45€166,175€507▼
Taxes450/3€166,175€507▼
Other amounts payable47/48-€106
Accrued charges and deferred income492/3-€607,357
Income statement Code20232024
Gross operating margin9900-€48,308-€287▲
Operating profit (loss)9901-€48,308-€287▲
Financial income75/76B€4.4m€14,933▼
Recurring financial income75€4.4m€14,933▼
Financial charges65/66B€443,552€610,274▲
Recurring financial charges65€4,592€610,274▲
Non-recurring financial charges66B€438,960-
Profit (loss) for the period before taxes9903€3.9m-€595,628▼
Income taxes67/77€170,990€507▼
Profit (loss) for the period9904€3.7m-€596,135▼
Profit (loss) for the period to be appropriated9905€3.7m-€596,135▼
Appropriation of the result
Profit (loss) to be appropriated9906€682.3m€681.7m▼
Profit (loss) brought forward from the previous period14P€678.6m€682.3m▲

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Gross operating margin9900-€48,308-€287▲ 99.4%
Operating profit (loss)9901-€48,308-€287▲ 99.4%
Financial income75/76B€4.4m€14,933▼ 99.7%
Recurring financial income75€4.4m€14,933▼ 99.7%
Financial charges65/66B€443,552€610,274▲ 37.6%
Recurring financial charges65€4,592€610,274▲ 13,189%
Non-recurring financial charges66B€438,960--
Profit (loss) for the period before taxes9903€3.9m-€595,628▼ 115%
Income taxes67/77€170,990€507▼ 99.7%
Profit (loss) for the period9904€3.7m-€596,135▼ 116%
Profit (loss) for the period to be appropriated9905€3.7m-€596,135▼ 116%
Line20232024Change
Assets
Total assets20/58€790.8m€790.6m=
Fixed assets21/28€788.3m€788.3m=
Financial fixed assets28€788.3m€788.3m=
Current assets29/58€2.5m€2.3m▼ 6.9%
Amounts receivable within one year40/41-€2.2m-
Other amounts receivable41-€2.2m-
Current investments50/53€375€375=
Cash at bank and in hand54/58€2.5m€61,817▼ 97.5%
Deferred charges and accrued income490/1-€375-
Equity and liabilities
Total equity and liabilities10/49€790.8m€790.6m=
Equity10/15€763.9m€763.3m▼ 0.1%
Contributions10/11€74.2m€74.2m=
Capital10€74.2m€74.2m=
Issued capital100€74.2m€74.2m=
Outside capital11€8€8=
Share premium1100/10€8€8=
Reserves13€7.4m€7.4m=
Non-distributable reserves130/1€7.4m€7.4m=
Legal reserve130€7.4m€7.4m=
Profit (loss) carried forward14€682.3m€681.7m▼ 0.1%
Amounts payable17/49€26.8m€27.3m▲ 1.6%
Amounts payable after more than one year17€26.7m€26.7m=
Financial debts170/4€26.7m€26.7m=
Amounts payable within one year42/48€183,259€613▼ 99.7%
Trade debts44€17,085--
Suppliers440/4€17,085--
Taxes, remuneration and social security45€166,175€507▼ 99.7%
Taxes450/3€166,175€507▼ 99.7%
Other amounts payable47/48-€106-
Accrued charges and deferred income492/3-€607,357-
Line20232024Change
Profit (loss) for the period9904€3.7m-€596,135▼ 116%
Operating cash flow (approximation)€3.7m-€596,135▼ 116%
Investment in fixed assets (approximation)-€0-
Change in cash--€2.4m-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2024
18-12
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial Liquidity times 278current ratio 3761.02
Current ratio from 13.51 to 3761.02; short-term debt falls from €183,259 to €613.
10-06
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
10-01
NBB filing Annual accounts filed
fiscal year 2023 · unclassified schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 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 holding · 3 subsidiaries in the tree

Owners 0

The accounts to 30-06-2024 list no shareholders, and no other source names one.

Holdings 1

All subsidiaries, including indirect ones 3

Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.

According to the annual accounts to 30-06-2024 of CEDAR 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.

Recognitions · licences · registrations

Legal Entity Identifier

5493006I2UMYUGL8PV57
no longer live in the LEI register