CONNEXIONS
InactiveInactive; last annual accounts for fiscal year 2022.
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 31-12-2022 was due by 31-07-2023 and was filed on 22-06-2023, 39 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2022
39 d early
2021
5 d late
2020
24 d early
2019
6 d late
2018
1 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, full schema
Turnover
€258k
EBIT margin
36.9%
Net result
€371k▲ 760%
2021 · €43k
Working capital
€508k▲ 2,242%
2021 · €22k
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
Line20182019202020212022
Turnover€258k
Operating result€15k-€9k▼ 39.1%€62k▲ 592%€59k▼ 3.9%€95k▲ 60.4%
Net result€6k-€3k▼ 44.2%€42k▲ 1,100%€43k▲ 2.9%€371k▲ 760%
EBIT margin36.9%
Equity€628k-€632k▲ 0.6%€674k▲ 6.6%€717k▲ 6.4%€1.09M▲ 51.8%
Total assets€743k-€722k▼ 2.9%€910k▲ 26.0%€889k▼ 2.3%€1.17M▲ 31.5%
Debt€115k-€90k▼ 21.5%€236k▲ 161%€172k▼ 27.3%€81k▼ 52.9%
Working capital€15k-€16k▲ 9.4%€4k▼ 77.7%€22k▲ 502%€508k▲ 2,242%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2022; 2022 is 60% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €1.17M
Fixed assets
€589k ▼ 24.0%
Current assets
€580k ▲ 411%
Equity and liabilities €1.17M
Equity
€1.09M ▲ 51.8%
Debt
€81k ▼ 52.9%
Debt's share of the balance-sheet total falls from 19.3% to 6.9%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
8.13▲
2021 · 1.24
Debt to equity
0.07▼
2021 · 0.24
ROE
34.1%▲
2021 · 6.0%
ROA
31.8%▲
2021 · 4.9%
Debt ≤ 1 year
€71k▼
2021 · €92k
Income taxes
€26k▲
2021 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | €258k | - |
| Turnover70 | - | - | - | - | €258k | - |
| Operating charges60/66A | - | - | - | - | €163k | - |
| Goods for resale, raw materials and consumables60 | - | - | - | - | €143k | - |
| Purchases600/8 | - | - | - | - | €143k | - |
| Services and other goods61 | - | - | - | - | €19k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €990 | €871 | - | - | - | - |
| Other operating charges640/8 | €1k | - | - | €1k | €970 | ▼ 14.1% |
| Gross operating margin9900 | €17k | €11k | €63k | €61k | - | - |
| Operating profit (loss)9901 | €15k | €9k | €62k | €59k | €95k | ▲ 60.4% |
| Financial income75/76B | €864 | - | - | €0 | €306k | ▲ 3,055,987,000% |
| Recurring financial income75 | €864 | - | €68 | €0 | €306k | ▲ 3,055,987,000% |
| Income from current assets751 | - | - | - | - | €3k | - |
| Other financial income752/9 | - | - | - | - | €303k | - |
| Financial charges65/66B | €774 | - | - | €2k | €4k | ▲ 141% |
| Recurring financial charges65 | €774 | €320 | €2k | €2k | €4k | ▲ 141% |
| Debt charges650 | - | - | - | - | €2k | - |
| Other financial charges652/9 | - | - | - | - | €2k | - |
| Profit (loss) for the period before taxes9903 | €15k | €9k | €60k | €58k | €397k | ▲ 587% |
| Income taxes67/77 | €8k | €5k | €18k | €15k | €26k | ▲ 75.6% |
| Taxes670/3 | - | - | - | - | €26k | - |
| Profit (loss) for the period9904 | €6k | €3k | €42k | €43k | €371k | ▲ 760% |
| Transfer to tax-exempt reserves689 | €1k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €5k | €3k | €42k | €43k | €371k | ▲ 760% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €743k | €722k | €910k | €889k | €1.17M | ▲ 31.5% |
| Fixed assets21/28 | €622k | €621k | €775k | €775k | €589k | ▼ 24.0% |
| Tangible fixed assets22/27 | €871 | - | - | - | - | - |
| Furniture and vehicles24 | €871 | - | - | - | - | - |
| Financial fixed assets28 | €621k | €621k | €775k | €775k | €589k | ▼ 24.0% |
| Affiliated companies280/1 | - | - | - | - | €589k | - |
| Participating interests280 | - | - | - | - | €589k | - |
| Current assets29/58 | €121k | €101k | €135k | €113k | €580k | ▲ 411% |
| Amounts receivable within one year40/41 | €106k | €98k | €73k | €86k | €571k | ▲ 564% |
| Trade receivables40 | €79k | - | - | €57k | €59k | ▲ 3.0% |
| Other amounts receivable41 | €27k | - | - | €29k | €512k | ▲ 1,674% |
| Cash at bank and in hand54/58 | €15k | €3k | €59k | €24k | €8k | ▼ 68.4% |
| Deferred charges and accrued income490/1 | - | - | - | €3k | €1k | ▼ 66.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €743k | €722k | €910k | €889k | €1.17M | ▲ 31.5% |
| Equity10/15 | €628k | €632k | €674k | €717k | €1.09M | ▲ 51.8% |
| Contributions10/11 | €169k | €169k | - | €169k | €169k | = |
| Capital10 | €169k | - | - | - | - | - |
| Issued capital100 | €169k | - | - | - | - | - |
| Reserves13 | €419k | €423k | €423k | €423k | €778k | ▲ 84.1% |
| Non-distributable reserves130/1 | - | - | - | €17k | - | - |
| Legal reserve130 | €17k | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €17k | - | - |
| Tax-exempt reserves132 | €75k | - | - | €75k | €75k | = |
| Distributable reserves133 | €327k | - | - | €330k | €703k | ▲ 113% |
| Profit (loss) carried forward14 | €40k | €40k | €82k | €126k | €141k | ▲ 12.6% |
| Amounts payable17/49 | €115k | €90k | €236k | €172k | €81k | ▼ 52.9% |
| Amounts payable after more than one year17 | - | - | €96k | €70k | - | - |
| Financial debts170/4 | - | - | - | €70k | - | - |
| Amounts payable within one year42/48 | €106k | €85k | €131k | €92k | €71k | ▼ 22.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €28k | - | - |
| Financial debts43 | - | - | - | €26 | - | - |
| Credit institutions430/8 | - | - | - | €26 | - | - |
| Trade debts44 | €44k | €70k | €71k | €62k | €44k | ▼ 28.2% |
| Suppliers440/4 | €44k | - | - | €62k | €44k | ▼ 28.2% |
| Taxes, remuneration and social security45 | €9k | - | - | €3k | €27k | ▲ 962% |
| Taxes450/3 | €9k | - | - | €3k | €27k | ▲ 962% |
| Other amounts payable47/48 | €53k | - | - | - | - | - |
| Accrued charges and deferred income492/3 | €9k | - | - | €10k | €10k | ▼ 2.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €3k | €42k | €43k | €371k | ▲ 760% |
| + Depreciation and write-downs630 | €990 | €871 | - | - | - | - |
| Operating cash flow (approximation) | €7k | €4k | €42k | €43k | €371k | ▲ 760% |
| Investment in fixed assets (approximation) | - | €0 | €-154k | €0 | €186k | - |
| Change in cash | - | €-12k | €56k | €-35k | €-17k | ▲ 52.3% |
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
2023
23-06
State Gazette act
Board meeting · Merger
Accounting effect · Merger approval date
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €371k ▲760%
Operating result €95k, net result €371k, both a record.
31-12
Financial
Liquidity times 7current ratio 8.13
Current ratio from 1.24 to 8.13; short-term debt falls from €92k to €71k.
31-12
Financial
Equity above €1MEq €1.09M ▲51.8%
5 profitable years in a row build equity to €1.09M.
05-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 5 days late
2021
06-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
06-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 6 days late
2019
30-09
Financial
Weakest financial yearnet €3k ▼44.2%
Net result drops to €3k, the lowest in the series.
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneState Gazette actNBB 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
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:TRESCAL