DE GENTSE HAARD
InactiveNo longer registered with the KBO; 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 · Filed more than 90 days late
The financial year that closed on 30-06-2022 was due by 31-01-2023 and was filed on 27-09-2024, 605 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2022
605 d late
2021
51 d early
2020
51 d early
2019
1 d early
2018
48 d early
2017
61 d early
2016
26 d early
← before the deadline
after the deadline →
Financials · fiscal year 2022, abbreviated schema
Turnover
€7.26M▲ 12.2%
2019 · €6.47M
2018: €6.45M
2019: €6.47M
2018 → 2020
EBIT margin
11.1%▲ 0.3pp
2019 · 10.8%
2018: 9.5%
2019: 10.8%
2018 → 2020
Net result
€181k
2021 · €-25k
2018: €194k
2019: €-281k
2020: €-226k
2021: €-25k
2018 → 2022
Working capital
€5.88M▲ 53.8%
2021 · €3.82M
2018: €5.32M
2019: €2.74M
2020: €3.66M
2021: €3.82M
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€6.45M-€6.47M▲ 0.3%€7.26M▲ 12.2%
Equity€13.77M-€13.25M▼ 3.7%€12.79M▼ 3.5%€12.54M▼ 2.0%€12.60M▲ 0.5%
Operating result€613k-€698k▲ 13.9%€805k▲ 15.3%€780k▼ 3.1%€552k▼ 29.2%
Net result€194k-€-281k€-226k▲ 19.8%€-25k▲ 89.0%€181k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2022 is 29% below 2021 and is the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €121.74M
Fixed assets
€111.97M▲ 1.1%
Current assets
€9.78M▲ 2.0%
Equity and liabilities €121.74M
Equity
€12.60M▲ 0.5%
Provisions
€2.16M▼ 11.4%
Debt
€106.99M▲ 1.6%
The debt ratio rises from 87.6% to 87.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2.24M▼
2021 · €4.14M
Cash flow
€1.87M▼
2021 · €3.34M
Solvency
10.3%▼
2021 · 10.4%
Current ratio
2.51▲
2021 · 1.66
Quick ratio
2.51▲
2021 · 1.66
Debt / equity
8.49▲
2021 · 8.40
ROE
1.4%▲
2021 · -0.2%
ROA
0.1%▲
2021 · 0.0%
Interest coverage
2.50▲
2021 · 2.35
Debt
€106.99M▲
2021 · €105.34M
Debt ≤ 1 year
€3.89M▼
2021 · €5.76M
Debt > 1 year
€102.28M▲
2021 · €99.14M
Staff costs
€754k▼
2021 · €1.33M
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 · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€120.31M€121.74M▲
Fixed assets21/28€110.72M€111.97M▲
Intangible fixed assets21€31k€34k▲
Tangible fixed assets22/27€110.69M€111.90M▲
Land and buildings22€105.82M€106.41M▲
Plant, machinery and equipment23€74k€70k▼
Furniture and vehicles24€96k€97k▲
Leasing and similar rights25€1.10M€1.06M▼
Assets under construction and advance payments27€3.59M€4.27M▲
Financial fixed assets28€7k€30k▲
Current assets29/58€9.59M€9.78M▲
Amounts receivable within one year40/41€234k€269k▲
Trade receivables40€179k€71k▼
Other amounts receivable41€54k€198k▲
Cash at bank and in hand54/58€8.90M€9.00M▲
Deferred charges and accrued income490/1€449k€505k▲
Equity and liabilities
Total equity and liabilities10/49€120.31M€121.74M▲
Equity10/15€12.54M€12.60M▲
Contributions10/11€14k€14k▲
Capital10€14k€14k▲
Issued capital100€53k€53k=
Uncalled capital101€40k€39k▼
Reserves13€6.17M€6.09M▼
Non-distributable reserves130/1€1.15M€1.15M=
Legal reserve130€5k€5k=
Other1319€1.14M€1.14M=
Tax-exempt reserves132€5.02M€4.94M▼
Profit (loss) carried forward14€-2.07M€-1.81M▲
Investment grants15€8.42M€8.30M▼
Provisions and deferred taxes16€2.44M€2.16M▼
Provisions for liabilities and charges160/5€1.79M€1.52M▼
Major repairs and maintenance162€1.79M€1.52M▼
Deferred taxes168€651k€640k▼
Amounts payable17/49€105.34M€106.99M▲
Amounts payable after more than one year17€99.14M€102.28M▲
Financial debts170/4€98.44M€101.58M▲
Other amounts payable178/9€702k€702k=
Amounts payable within one year42/48€5.76M€3.89M▼
Current portion of amounts payable after more than one year42€3.62M€2.53M▼
Trade debts44€1.27M€957k▼
Suppliers440/4€1.27M€957k▼
Taxes, remuneration and social security45€742k€399k▼
Taxes450/3€541k€244k▼
Remuneration and social security454/9€201k€155k▼
Other amounts payable47/48€137k€9k▼
Accrued charges and deferred income492/3€432k€810k▲
Income statement
Code20212022
Non-recurring operating income76A€249k€213k▼
Remuneration, social security and pensions62€1.33M€754k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3.36M€1.68M▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€36k€44k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-32k€-267k▼
Other operating charges640/8€728k€356k▼
Non-recurring operating charges66A€83k-
Gross operating margin9900€6.29M€3.12M▼
Operating profit (loss)9901€780k€552k▼
Financial income75/76B€952k€513k▼
Recurring financial income75€950k€507k▼
Non-recurring financial income76B€1k€6k▲
Financial charges65/66B€1.76M€895k▼
Recurring financial charges65€1.76M€895k▼
Profit (loss) for the period before taxes9903€-33k€170k▲
Transfer from deferred taxes780€21k€11k▼
Transfer to deferred taxes680€12k-
Income taxes67/77€66-
Profit (loss) for the period9904€-25k€181k▲
Transfer from tax-exempt reserves789€159k€80k▼
Transfer to tax-exempt reserves689€236k-
Profit (loss) for the period to be appropriated9905€-102k€260k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2.07M€-1.81M▲
Profit (loss) brought forward from the previous period14P€-1.96M€-2.07M▼
Social balance
Average headcount (FTE)908721.020.7▼
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 605 days late
2023
09-01
State Gazette act
General meeting · Merger
Dissolution · Accounting effect
2022
26-10
State Gazette act
Board meeting · Merger
Power of attorney · Capital
30-06
Financial
Back to profitnet €181k
Net result €181k after 3 loss-making years.
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €-281k ▼245%
Net result drops to €-281k, the lowest in the series.
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
17-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
05-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
27-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 27 days late
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:WoninGent
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 816,248 EUR awarded · 816,248 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 55,470 EUR | 55,470 EUR |
| 2022 | 1 | 760,778 EUR | 760,778 EUR |
Schemes
Gewestelijke sociale correctie (GSC)
Tegemoetkoming aan woonmaatschappijen voor het verschil tussen erfpachtcanon en de reële huurprijs en forfaitaire tegemoetkoming voor leegstand en wanbetaling