D.B.N.
InactiveSignals
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 30-09-2023, 3 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
30-09-2023 close30-04-2024 deadline01-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2022 was due by 30-04-2023 and was filed on 31-03-2023, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
30 d early
2021
33 d early
2020
56 d early
2019
52 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 43 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
€432,185
2021 · -€379,513
Total assets
€1.8m▼ 12.9%
2021 · €2.0m
Net result
€811,698
2021 · -€370,451
Working capital
-€1.2m▲ 52.1%
2021 · -€2.4m
Trend over the years
In euros
In euros
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
Line2019202020212022
Operating result-€83,399--€55,424▲ 33.5%-€350,273▼ 532%€965,057
Net result-€87,022--€61,456▲ 29.4%-€370,451▼ 503%€811,698
Equity€52,394--€9,062-€379,513▼ 4,088%€432,185
Total assets€420,556-€372,053▼ 11.5%€2.0m▲ 451%€1.8m▼ 12.9%
Debt€368,162-€381,115▲ 3.5%€2.4m▲ 537%€1.2m▼ 50.2%
Working capital-€357,766--€373,119▼ 4.3%-€2.4m▼ 545%-€1.2m▲ 52.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2022: €965,057 after a loss of €350,273 in 2021, the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €1.8m
Fixed assets
€1.7m ▼ 14.4%
Current assets
€38,574 ▲ 352%
Equity and liabilities €1.8m
Equity
€432,185
Provisions
€143,777
Debt
€1.2m
Debt finances 67.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€1.1m▲
2021 · -€249,649
Cash flow
€906,251▲
2021 · -€269,826
Current ratio
0.03▲
2021 · 0.00
Debt to equity
2.80
ROE
187.8%
ROA
45.5%▲
2021 · -18.1%
Interest coverage
110.58
Debt ≤ 1 year
€1.2m▼
2021 · €2.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €59,784 | €45,334 | €100,625 | €94,553 | ▼ 6.0% |
| Other operating charges640/8 | - | - | - | €5,684 | - |
| Gross operating margin9900 | -€21,889 | -€8,242 | -€71,447 | €1.1m | ▲ 1,591% |
| Operating profit (loss)9901 | -€83,399 | -€55,424 | -€350,273 | €965,057 | ▲ 376% |
| Financial income75/76B | - | - | - | €0 | - |
| Recurring financial income75 | €507 | €0 | €35 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €9,582 | - |
| Recurring financial charges65 | €4,130 | €6,032 | €20,213 | €9,582 | ▼ 52.6% |
| Profit (loss) for the period before taxes9903 | -€87,022 | -€61,456 | -€370,451 | €955,474 | ▲ 358% |
| Transfer from deferred taxes780 | - | - | - | €14,148 | - |
| Transfer to deferred taxes680 | - | - | - | €157,925 | - |
| Profit (loss) for the period9904 | -€87,022 | -€61,456 | -€370,451 | €811,698 | ▲ 319% |
| Transfer from tax-exempt reserves789 | - | - | - | €42,445 | - |
| Transfer to tax-exempt reserves689 | - | - | - | €473,775 | - |
| Profit (loss) for the period to be appropriated9905 | -€87,022 | -€61,456 | -€370,451 | €380,368 | ▲ 203% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €420,556 | €372,053 | €2.0m | €1.8m | ▼ 12.9% |
| Fixed assets21/28 | €413,591 | €368,257 | €2.0m | €1.7m | ▼ 14.4% |
| Tangible fixed assets22/27 | €413,591 | €368,257 | €2.0m | €1.7m | ▼ 14.4% |
| Land and buildings22 | - | - | - | €1.7m | - |
| Plant, machinery and equipment23 | - | - | - | €36,414 | - |
| Furniture and vehicles24 | - | - | - | €14,148 | - |
| Current assets29/58 | €6,965 | €3,796 | €8,537 | €38,574 | ▲ 352% |
| Cash at bank and in hand54/58 | €4,217 | €1,566 | €4,903 | €36,527 | ▲ 645% |
| Deferred charges and accrued income490/1 | - | - | - | €2,047 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €420,556 | €372,053 | €2.0m | €1.8m | ▼ 12.9% |
| Equity10/15 | €52,394 | -€9,062 | -€379,513 | €432,185 | ▲ 214% |
| Contributions10/11 | €92,400 | - | - | €92,400 | - |
| Reserves13 | €97,359 | €97,359 | €97,359 | €528,689 | ▲ 443% |
| Non-distributable reserves130/1 | - | - | - | €9,240 | - |
| Reserves not available under the articles1311 | - | - | - | €9,240 | - |
| Tax-exempt reserves132 | - | - | - | €457,580 | - |
| Distributable reserves133 | - | - | - | €61,869 | - |
| Profit (loss) carried forward14 | -€137,365 | -€198,821 | -€569,272 | -€188,904 | ▲ 66.8% |
| Provisions and deferred taxes16 | - | - | - | €143,777 | - |
| Deferred taxes168 | - | - | - | €143,777 | - |
| Amounts payable17/49 | €368,162 | €381,115 | €2.4m | €1.2m | ▼ 50.2% |
| Amounts payable within one year42/48 | €364,731 | €376,915 | €2.4m | €1.2m | ▼ 50.7% |
| Financial debts43 | - | - | - | €0 | - |
| Credit institutions430/8 | - | - | - | €0 | - |
| Trade debts44 | - | €1,915 | €14,128 | €6,301 | ▼ 55.4% |
| Suppliers440/4 | - | - | - | €6,301 | - |
| Other amounts payable47/48 | - | - | - | €1.2m | - |
| Accrued charges and deferred income492/3 | - | - | - | €17,011 | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€87,022 | -€61,456 | -€370,451 | €811,698 | ▲ 319% |
| + Depreciation and write-downs630 | €59,784 | €45,334 | €100,625 | €94,553 | ▼ 6.0% |
| Operating cash flow (approximation) | -€27,238 | -€16,123 | -€269,826 | €906,251 | ▲ 436% |
| Investment in fixed assets (approximation) | - | €0 | -€1.8m | €199,851 | ▲ 111% |
| Change in cash | - | -€2,651 | €3,338 | €31,624 | ▲ 848% |
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
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Back to profitnet €811,698
Net result €811,698 after 3 loss-making years.
30-09
Financial
Equity above €200,000Eq €432,185
Equity rises from -€379,513 to €432,185.
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Weakest financial yearnet -€370,451
Net result drops to -€370,451, the lowest in the series.
05-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
09-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
27-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
15-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
06-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
07-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
09-03
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
11-03
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 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Structure & network
Owners and holdings
1 ownerChain of control
- DEPOORTERE ENGINEERING
- D.B.N.
Highest known parent: DEPOORTERE ENGINEERING. The sources do not say who stands above it.
Owners 1
-
100%
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.