COSPECTO
InactiveInactive; last annual accounts for fiscal year 2022.
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 31-01-2023, 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
31-01-2023 close31-08-2023 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2022 was due by 31-08-2022 and was filed on 19-07-2022, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
not confirmed
2025
not filed
2024
not filed
2023
not filed
2022
43 d early
2021
39 d early
2020
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 17 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)
Financials · fiscal year 2022, abbreviated schema
Equity
-€357,018▲ 2.8%
2021 · -€367,476
Total assets
€88,454▼ 29.6%
2021 · €125,681
Net result
€10,458▼ 94.2%
2021 · €178,974
Working capital
-€191,692▲ 20.1%
2021 · -€239,939
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
Line20192020202020212022
Operating result-€146,633--€762,731▼ 420%€86,375-€191,222▲ 121%€13,282▼ 93.1%
Net result-€125,120--€660,540▼ 428%€74,483-€178,974▲ 140%€10,458▼ 94.2%
Equity€159,768--€620,932-€546,449--€367,476▲ 32.8%-€357,018▲ 2.8%
Total assets€670,919-€150,500▼ 77.6%€79,440-€125,681▲ 58.2%€88,454▼ 29.6%
Debt€511,151-€353,392▼ 30.9%€382,140-€444,157▲ 16.2%€410,472▼ 7.6%
Working capital€474,479--€103,467-€204,188--€239,939▼ 17.5%-€191,692▲ 20.1%
Staff (FTE)1-1=1-1=
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2022 Net result -94% on 2021. The previous fiscal year ran 9 months, this one 12.
- 2021 Net result +140% on 2020. This fiscal year ran 9 months, the previous one 3.
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Key figures and ratios
Solvency
-403.6%▼
2021 · -292.4%
Current ratio
0.32▲
2021 · 0.30
Debt to equity
-1.15▼
2021 · -0.27
ROA
11.8%▼
2021 · 142.4%
Debt ≤ 1 year
€280,146▼
2021 · €343,640
Debt > 1 year
€129,708▲
2021 · €100,000
Income taxes
€118▲
2021 · €46
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €20,500 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €60,562 | €109,229 | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €595 | - |
| Other operating charges640/8 | - | - | - | - | €2,974 | - |
| Non-recurring operating charges66A | - | - | - | - | -€4,657 | - |
| Gross operating margin9900 | -€29,756 | €53,296 | -€73,942 | €29,391 | €12,193 | ▼ 58.5% |
| Operating profit (loss)9901 | -€146,633 | -€762,731 | €86,375 | €191,222 | €13,282 | ▼ 93.1% |
| Financial income75/76B | - | - | - | - | €200 | - |
| Recurring financial income75 | €27,297 | €44,326 | €954 | €7 | €200 | ▲ 2,945% |
| Financial charges65/66B | - | - | - | - | €2,906 | - |
| Recurring financial charges65 | €5,545 | €7,231 | €1,625 | €4,959 | €6,906 | ▲ 39.3% |
| Non-recurring financial charges66B | - | - | - | - | -€4,000 | - |
| Profit (loss) for the period before taxes9903 | -€124,881 | -€660,309 | €74,694 | €179,020 | €10,576 | ▼ 94.1% |
| Income taxes67/77 | €238 | €232 | €211 | €46 | €118 | ▲ 157% |
| Profit (loss) for the period9904 | -€125,120 | -€660,540 | €74,483 | €178,974 | €10,458 | ▼ 94.2% |
| Profit (loss) for the period to be appropriated9905 | -€125,120 | -€660,540 | €74,483 | €178,974 | €10,458 | ▼ 94.2% |
| Line | 2019 | 2020 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €670,919 | €150,500 | €79,440 | €125,681 | €88,454 | ▼ 29.6% |
| Formation expenses20 | €754 | - | - | - | - | - |
| Fixed assets21/28 | €115,695 | €1,980 | €1,980 | €21,980 | - | - |
| Intangible fixed assets21 | €105,122 | - | - | €20,000 | - | - |
| Tangible fixed assets22/27 | €9,094 | €500 | €500 | €500 | - | - |
| Financial fixed assets28 | €1,480 | €1,480 | €1,480 | €1,480 | - | - |
| Current assets29/58 | €554,470 | €148,520 | €77,460 | €103,701 | €88,454 | ▼ 14.7% |
| Stocks and contracts in progress3 | €22,870 | €22,800 | €12,121 | - | - | - |
| Amounts receivable within one year40/41 | €65,650 | €65,423 | €16,508 | €38,844 | €20,941 | ▼ 46.1% |
| Trade receivables40 | - | - | - | - | €17,676 | - |
| Other amounts receivable41 | - | - | - | - | €3,265 | - |
| Cash at bank and in hand54/58 | €103,218 | €57,245 | €45,680 | €64,847 | €67,513 | ▲ 4.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €670,919 | €150,500 | €79,440 | €125,681 | €88,454 | ▼ 29.6% |
| Equity10/15 | €159,768 | -€620,932 | -€546,449 | -€367,476 | -€357,018 | ▲ 2.8% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €318,600 | ▲ 418% |
| Capital10 | - | - | - | - | €61,500 | - |
| Issued capital100 | - | - | - | - | €61,500 | - |
| Outside capital11 | - | - | - | - | €257,100 | - |
| Share premium1100/10 | - | - | - | - | €257,100 | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | - | €1,860 | - |
| Legal reserve130 | - | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | -€280,852 | -€941,392 | -€866,909 | -€687,936 | -€677,478 | ▲ 1.5% |
| Provisions and deferred taxes16 | - | €418,040 | €243,750 | €49,000 | €35,000 | ▼ 28.6% |
| Provisions for liabilities and charges160/5 | - | - | - | - | €35,000 | - |
| Other liabilities and charges164/5 | - | - | - | - | €35,000 | - |
| Amounts payable17/49 | €511,151 | €353,392 | €382,140 | €444,157 | €410,472 | ▼ 7.6% |
| Amounts payable after more than one year17 | €300,000 | €100,000 | €100,000 | €100,000 | €129,708 | ▲ 29.7% |
| Financial debts170/4 | - | - | - | - | €129,708 | - |
| Amounts payable within one year42/48 | €79,991 | €251,986 | €281,648 | €343,640 | €280,146 | ▼ 18.5% |
| Financial debts43 | - | - | - | - | €211,992 | - |
| Other loans439 | - | - | - | - | €211,992 | - |
| Trade debts44 | €62,087 | €43,507 | €69,932 | €122,951 | €66,618 | ▼ 45.8% |
| Suppliers440/4 | - | - | - | - | €66,618 | - |
| Taxes, remuneration and social security45 | - | - | - | - | €40 | - |
| Taxes450/3 | - | - | - | - | €40 | - |
| Other amounts payable47/48 | - | - | - | - | €1,496 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €618 | - |
| Line | 2019 | 2020 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€125,120 | -€660,540 | €74,483 | €178,974 | €10,458 | ▼ 94.2% |
| + Depreciation and write-downs630 | €60,562 | €109,229 | - | - | - | - |
| Operating cash flow (approximation) | -€64,558 | -€551,311 | €74,483 | €178,974 | €10,458 | ▼ 94.2% |
| Investment in fixed assets (approximation) | - | €4,486 | - | -€20,000 | - | - |
| Change in cash | - | -€45,973 | - | €19,166 | €2,666 | ▼ 86.1% |
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
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-01
Financial
Highest result since 2019net €178,974 ▲140%
Operating result €191,222, net result €178,974, both a record.
2020
30-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
28-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-04
Financial
Back to profitnet €74,483
Net result €74,483 after 2 loss-making years.
31-01
Financial
Weakest financial yearnet -€660,540
Net result drops to -€660,540, the lowest in the series.
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
14-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 14 days late
2016
11-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 11 days late
2015
08-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
07-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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 ownerOwners 1
-
43.98%
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.