UNBRACE
InactiveSignals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 27-08-2021, 27 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
2020
27 d late
2019
55 d late
2018
72 d early
2017
6 d early
2016
25 d early
2015
10 d late
2014
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 3 days after 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)
History
Financials · fiscal year 2020, abbreviated schema
Turnover
€1.6m
EBIT margin
23.7%
Net result
€159,097▼ 33.5%
2019 · €239,183
Working capital
€731,983▲ 36.0%
2019 · €538,235
Trend over the years
In euros
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Turnover€1.6m
Operating result€233,675-€375,036▲ 60.5%€248,646▼ 33.7%
Net result€154,779-€239,183▲ 54.5%€159,097▼ 33.5%
EBIT margin23.7%
Equity€325,410-€564,593▲ 73.5%€723,690▲ 28.2%
Total assets€524,507-€812,701▲ 54.9%€922,525▲ 13.5%
Debt€199,097-€248,109▲ 24.6%€198,835▼ 19.9%
Working capital€307,924-€538,235▲ 74.8%€731,983▲ 36.0%
Staff (FTE)12.1-13▲ 7.4%11.5▼ 11.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2020; 2020 is 34% below 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €922,525
Fixed assets
€30,881 ▲ 17.2%
Current assets
€891,645 ▲ 13.4%
Equity and liabilities €922,525
Equity
€723,690 ▲ 28.2%
Debt
€198,835 ▼ 19.9%
Debt's share of the balance-sheet total falls from 30.5% to 21.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€264,701▼
2019 · €386,169
Cash flow
€175,153▼
2019 · €250,316
Current ratio
5.58▲
2019 · 3.17
ROE
22.0%▼
2019 · 42.4%
ROA
17.2%▼
2019 · 29.4%
Debt ≤ 1 year
€159,662▼
2019 · €248,109
Income taxes
€76,593▼
2019 · €134,869
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 | - | €1.6m | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,414 | €11,133 | €16,055 | ▲ 44.2% |
| Gross operating margin9900 | €997,539 | €1.2m | €1.0m | ▼ 18.3% |
| Operating profit (loss)9901 | €233,675 | €375,036 | €248,646 | ▼ 33.7% |
| Recurring financial income75 | €312 | - | - | - |
| Recurring financial charges65 | €586 | €984 | €12,595 | ▲ 1,179% |
| Profit (loss) for the period before taxes9903 | €233,401 | €374,052 | €235,690 | ▼ 37.0% |
| Income taxes67/77 | €78,622 | €134,869 | €76,593 | ▼ 43.2% |
| Profit (loss) for the period9904 | €154,779 | €239,183 | €159,097 | ▼ 33.5% |
| Profit (loss) for the period to be appropriated9905 | €154,779 | €239,183 | €159,097 | ▼ 33.5% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €524,507 | €812,701 | €922,525 | ▲ 13.5% |
| Fixed assets21/28 | €17,485 | €26,357 | €30,881 | ▲ 17.2% |
| Intangible fixed assets21 | - | - | €10,969 | - |
| Tangible fixed assets22/27 | €17,485 | €26,357 | €19,912 | ▼ 24.5% |
| Current assets29/58 | €507,022 | €786,344 | €891,645 | ▲ 13.4% |
| Amounts receivable within one year40/41 | €210,060 | €486,967 | €444,703 | ▼ 8.7% |
| Current investments50/53 | €0 | €0 | €0 | = |
| Cash at bank and in hand54/58 | €281,566 | €282,966 | €438,115 | ▲ 54.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €524,507 | €812,701 | €922,525 | ▲ 13.5% |
| Equity10/15 | €325,410 | €564,593 | €723,690 | ▲ 28.2% |
| Contributions10/11 | €18,958 | €18,958 | €18,958 | = |
| Reserves13 | €20,646 | €20,646 | €20,646 | = |
| Profit (loss) carried forward14 | €285,806 | €524,989 | €684,086 | ▲ 30.3% |
| Amounts payable17/49 | €199,097 | €248,109 | €198,835 | ▼ 19.9% |
| Amounts payable within one year42/48 | €199,097 | €248,109 | €159,662 | ▼ 35.6% |
| Trade debts44 | €67,093 | €49,790 | €52,235 | ▲ 4.9% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €154,779 | €239,183 | €159,097 | ▼ 33.5% |
| + Depreciation and write-downs630 | €8,414 | €11,133 | €16,055 | ▲ 44.2% |
| Operating cash flow (approximation) | €163,193 | €250,316 | €175,153 | ▼ 30.0% |
| Investment in fixed assets (approximation) | - | -€20,005 | -€20,579 | ▼ 2.9% |
| Change in cash | - | €1,399 | €155,149 | ▲ 10,988% |
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
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
26-01
State Gazette act
General meeting · Merger
Accounting effect · Statutes amendment · Tim CARNEWAL
2020
25-11
State Gazette act
Merger · Accounting effect
Power of attorney · Shareholding
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 55 days late
2019
31-12
Financial
Highest result since 2018net €239,183 ▲54.5%
Operating result €375,036, net result €239,183, both a record.
31-12
Financial
Equity above €500,000Eq €564,593 ▲73.5%
2 profitable years in a row build equity to €564,593.
20-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
10-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 10 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 31 days late
2014
09-10
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 70 days late
Show earlier events
2013
31-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 31 days late
2012
31-08
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 31 days late
2010
01-12
State Gazette act
Incorporation · Demerger
Corporate purpose · Founding capital · Benoît De Cleene
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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 ownerChain of control
- Belgische Staat
- FEDERALE PARTICIPATIE- EN INVESTERINGSMAATSCHAPPIJ
- PROXIMUS
- Proximus NXT IT
- Codit holding
- CODIT
- UNBRACE
Highest known parent: Belgische Staat. The sources do not say who stands above it.
Owners 1
- CODITparentSourceact 25-11-2020100%
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.
Acquisitions and mergers
2 transactionsTaken over by:CODIT
Split off to:ClearMedia