CITROEN BELUX
InactiveNo longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Three 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 deadline23-09-2026 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 25-08-2022, 25 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
25 d late
2020
6 d late
2019
22 d early
← before the deadline
after the deadline →
Financials · fiscal year 2021, full schema
Turnover
€455.67M▼ 20.9%
2020 · €576.09M
2018: €590.95M
2019: €717.58M
2020: €576.09M
2018 → 2021
EBIT margin
1.7%▲ 1.1pp
2020 · 0.7%
2018: 1.2%
2019: 1.2%
2020: 0.7%
2018 → 2021
Net result
€3.32M▲ 196%
2020 · €1.12M
2018: €1.73M
2019: €2.80M
2020: €1.12M
2018 → 2021
Working capital
€45.06M▲ 98.3%
2020 · €22.72M
2018: €-9.47M
2019: €24.64M
2020: €22.72M
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€590.95M-€717.58M▲ 21.4%€576.09M▼ 19.7%€455.67M▼ 20.9%
Equity€9.94M-€9.93M=€9.93M=€9.93M=
Operating result€7.22M-€8.61M▲ 19.3%€3.78M▼ 56.1%€7.82M▲ 107%
Net result€1.73M-€2.80M▲ 62.0%€1.12M▼ 60.1%€3.32M▲ 196%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2021; 2021 is 107% above 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €234.44M
Fixed assets
€21.43M▼ 31.0%
Current assets
€213.01M▼ 16.3%
Equity and liabilities €234.44M
Equity
€9.93M=
Provisions
€49.66M▲ 37.3%
Debt
€174.86M▼ 27.0%
The debt ratio falls from 83.9% to 74.6%. Debt is lower.
Key figures and ratios
EBITDA
€7.94M▲
2020 · €3.90M
Cash flow
€3.43M▲
2020 · €1.24M
Solvency
4.2%▲
2020 · 3.5%
Current ratio
1.27▲
2020 · 1.10
Quick ratio
1.23▲
2020 · 1.07
Debt / equity
17.61
ROE
33.4%▲
2020 · 11.3%
ROA
1.4%▲
2020 · 0.4%
Interest coverage
2035.91
Debt
€174.86M▼
2020 · €239.57M
Debt ≤ 1 year
€167.95M▼
2020 · €231.89M
Income taxes
€1.14M▲
2020 · €-255k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€285.67M€234.44M▼
Fixed assets21/28€31.06M€21.43M▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€2.50M€2.38M▼
Land and buildings22-€2.32M
Plant, machinery and equipment23-€57k
Furniture and vehicles24-€3k
Financial fixed assets28€28.56M€19.05M▼
Affiliated companies280/1-€18.70M
Participating interests280-€5.70M
Amounts receivable281-€13.00M
Other financial fixed assets284/8-€347k
Amounts receivable and cash guarantees285/8-€347k
Current assets29/58€254.61M€213.01M▼
Stocks and contracts in progress3€7.31M€5.92M▼
Stocks30/36-€5.92M
Goods purchased for resale34-€5.92M
Amounts receivable within one year40/41€24.55M€18.94M▼
Trade receivables40-€5.43M
Other amounts receivable41-€13.52M
Current investments50/53€219.21M€184.67M▼
Other investments51/53-€184.67M
Cash at bank and in hand54/58€3.54M€3.48M▼
Equity and liabilities
Total equity and liabilities10/49€285.67M€234.44M▼
Equity10/15€9.93M€9.93M=
Contributions10/11€8.61M€8.61M=
Capital10-€8.61M
Issued capital100-€8.61M
Reserves13€1.32M€1.32M=
Non-distributable reserves130/1-€1.32M
Legal reserve130-€1.32M
Profit (loss) carried forward14€574€1k▲
Provisions and deferred taxes16€36.17M€49.66M▲
Provisions for liabilities and charges160/5-€49.66M
Other liabilities and charges164/5-€49.66M
Amounts payable17/49€239.57M€174.86M▼
Amounts payable within one year42/48€231.89M€167.95M▼
Trade debts44€214.55M€158.60M▼
Suppliers440/4-€158.60M
Advances received on contracts in progress46-€34k
Taxes, remuneration and social security45-€6.01M
Taxes450/3-€6.01M
Other amounts payable47/48-€3.32M
Accrued charges and deferred income492/3-€6.90M
Income statement
Code20202021
Operating income70/76A-€462.43M
Turnover70€576.09M€455.67M▼
Other operating income74-€6.76M
Operating charges60/66A-€454.61M
Goods for resale, raw materials and consumables60-€381.99M
Purchases600/8-€380.40M
Change in stocks: decrease (increase)609-€1.59M
Services and other goods61-€58.61M
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€125k€117k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-844k
Provisions for liabilities and charges: additions (uses and reversals)635/8-€14.09M
Other operating charges640/8-€352k
Non-recurring operating charges66A-€300k
Operating profit (loss)9901€3.78M€7.82M▲
Financial income75/76B-€905
Recurring financial income75€1k€91▼
Other financial income752/9-€91
Non-recurring financial income76B-€814
Financial charges65/66B-€3.37M
Recurring financial charges65€2.91M€1.60M▼
Debt charges650€0€4k▲
Other financial charges652/9-€1.60M
Non-recurring financial charges66B-€1.77M
Profit (loss) for the period before taxes9903€865k€4.45M▲
Income taxes67/77€-255k€1.14M▲
Taxes670/3-€1.15M
Tax adjustments and reversals of tax provisions77-€15k
Profit (loss) for the period9904€1.12M€3.32M▲
Profit (loss) for the period to be appropriated9905€1.12M€3.32M▲
Appropriation of the result
Profit (loss) to be appropriated9906-€3.32M
Profit (loss) brought forward from the previous period14P-€574
Profit to be distributed694/7-€3.32M
Return on contributions (dividend)694€1.12M€3.32M▲
The notes to these accounts (47 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 25 days late
2021
31-12
Financial
Highest result since 2018net €3.32M ▲196%
Net result €3.32M, the highest in the series.
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 6 days late
2020
31-12
Financial
Weakest financial yearnet €1.12M ▼60.1%
Net result drops to €1.12M, the lowest in the series.
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
10-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 41 days late
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 88 days late
2016
04-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 96 days late
29-07
State Gazette act
General meeting · Capital increase
Accounting effect · Real estate
07-03
State Gazette act
Board meeting · Merger
2015
03-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 3 days late
2014
01-09
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 32 days late
2013
11-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
30-07
State Gazette act
Board meeting · General meeting
Director resignation · Director appointment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Structure & network
Acquisitions and mergers
1 transactionTaken over by:PEUGEOT DISTRIBUTION SERVICE
Recognitions · licences · registrations
Care and welfare
1 service · 0 liveCITROËN BELUX