DE VARIANT
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 31-12-2023, 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
31-12-2023 close31-07-2024 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 11-08-2023, 11 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
2025
not confirmed
2024
not filed
2023
not filed
2022
11 d late
2021
11 d late
2020
31 d early
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 13 days after 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
€85,429▲ 24.8%
2021 · €68,451
Total assets
€99,171▲ 17.1%
2021 · €84,708
Net result
€16,978▲ 1.4%
2021 · €16,747
Working capital
€35,851▲ 94.7%
2021 · €18,418
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
Operating result-€5,694-€3,883€13,673▲ 252%€16,888▲ 23.5%€17,144▲ 1.5%
Net result-€7,121-€2,995€13,534▲ 352%€16,747▲ 23.7%€16,978▲ 1.4%
Equity€35,175-€38,171▲ 8.5%€51,704▲ 35.5%€68,451▲ 32.4%€85,429▲ 24.8%
Total assets€54,606-€60,117▲ 10.1%€73,073▲ 21.6%€84,708▲ 15.9%€99,171▲ 17.1%
Debt€19,431-€21,946▲ 12.9%€21,368▼ 2.6%€16,257▼ 23.9%€13,741▼ 15.5%
Working capital-€13,393€1,317€18,418▲ 1,298%€35,851▲ 94.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2022 is 2% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €99,171
Fixed assets
€49,579 ▼ 0.9%
Current assets
€49,592 ▲ 43.0%
Equity and liabilities €99,171
Equity
€85,429 ▲ 24.8%
Debt
€13,741 ▼ 15.5%
Debt's share of the balance-sheet total falls from 19.2% to 13.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€17,599▲
2021 · €17,343
Cash flow
€17,433▲
2021 · €17,202
Current ratio
3.61▲
2021 · 2.13
Debt to equity
0.16▼
2021 · 0.24
ROE
19.9%▼
2021 · 24.5%
ROA
17.1%▼
2021 · 19.8%
Interest coverage
106.10▼
2021 · 123.32
Debt ≤ 1 year
€13,741▼
2021 · €16,257
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,662 | €3,042 | €1,075 | €455 | €455 | = |
| Other operating charges640/8 | - | - | - | €2,588 | €2,627 | ▲ 1.5% |
| Gross operating margin9900 | -€1,274 | €7,696 | €18,935 | €19,931 | €20,226 | ▲ 1.5% |
| Operating profit (loss)9901 | -€5,694 | €3,883 | €13,673 | €16,888 | €17,144 | ▲ 1.5% |
| Financial charges65/66B | - | - | - | €141 | €166 | ▲ 17.9% |
| Recurring financial charges65 | €1,427 | €888 | €139 | €141 | €166 | ▲ 17.9% |
| Profit (loss) for the period before taxes9903 | -€7,121 | €2,995 | €13,534 | €16,747 | €16,978 | ▲ 1.4% |
| Profit (loss) for the period9904 | -€7,121 | €2,995 | €13,534 | €16,747 | €16,978 | ▲ 1.4% |
| Profit (loss) for the period to be appropriated9905 | -€7,121 | €2,995 | €13,534 | €16,747 | €16,978 | ▲ 1.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €54,606 | €60,117 | €73,073 | €84,708 | €99,171 | ▲ 17.1% |
| Fixed assets21/28 | €54,606 | €51,564 | €50,489 | €50,034 | €49,579 | ▼ 0.9% |
| Tangible fixed assets22/27 | €54,606 | €51,564 | €50,489 | €50,034 | €49,579 | ▼ 0.9% |
| Land and buildings22 | - | - | - | €50,034 | €49,579 | ▼ 0.9% |
| Current assets29/58 | - | €8,553 | €22,584 | €34,675 | €49,592 | ▲ 43.0% |
| Amounts receivable within one year40/41 | - | €6,611 | €20,311 | €27,961 | €49,461 | ▲ 76.9% |
| Other amounts receivable41 | - | - | - | €27,961 | €49,461 | ▲ 76.9% |
| Cash at bank and in hand54/58 | - | €30 | €73 | €13 | €131 | ▲ 872% |
| Deferred charges and accrued income490/1 | - | - | - | €6,700 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €54,606 | €60,117 | €73,073 | €84,708 | €99,171 | ▲ 17.1% |
| Equity10/15 | €35,175 | €38,171 | €51,704 | €68,451 | €85,429 | ▲ 24.8% |
| Contributions10/11 | €37,184 | €37,184 | - | €37,184 | €37,184 | = |
| Reserves13 | €7,048 | €7,048 | €14,520 | €31,267 | €48,245 | ▲ 54.3% |
| Non-distributable reserves130/1 | - | - | - | €3,718 | €3,718 | = |
| Reserves not available under the articles1311 | - | - | - | €3,718 | €3,718 | = |
| Tax-exempt reserves132 | - | - | - | €3,330 | €3,330 | = |
| Distributable reserves133 | - | - | - | €24,219 | €41,197 | ▲ 70.1% |
| Profit (loss) carried forward14 | -€9,057 | -€6,062 | -€9,057 | - | - | - |
| Amounts payable17/49 | €19,431 | €21,946 | €21,368 | €16,257 | €13,741 | ▼ 15.5% |
| Amounts payable within one year42/48 | €19,431 | €21,946 | €21,267 | €16,257 | €13,741 | ▼ 15.5% |
| Trade debts44 | €51 | €3,229 | €2,549 | €1,428 | €2,800 | ▲ 96.1% |
| Suppliers440/4 | - | - | - | €1,428 | €2,800 | ▲ 96.1% |
| Other amounts payable47/48 | - | - | - | €14,829 | €10,941 | ▼ 26.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,121 | €2,995 | €13,534 | €16,747 | €16,978 | ▲ 1.4% |
| + Depreciation and write-downs630 | €3,662 | €3,042 | €1,075 | €455 | €455 | = |
| Operating cash flow (approximation) | -€3,460 | €6,037 | €14,609 | €17,202 | €17,433 | ▲ 1.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | - | €42 | -€59 | €117 | ▲ 298% |
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
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 11 days late
2022
31-12
Financial
Highest result since 2018net €16,978 ▲1.4%
Operating result €17,144, net result €16,978, both a record.
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 11 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 2.13
Current ratio from 1.06 to 2.13; short-term debt falls from €21,267 to €16,257.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 1.06
Current ratio from 0.39 to 1.06; short-term debt falls from €21,946 to €21,267.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
31-12
Financial
Back to profitnet €2,995
Net result €2,995 after one loss-making year.
16-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 16 days late
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
2016
23-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 23 days late
2015
20-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 20 days late
2014
28-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 28 days late
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.
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Structure & network
Owners and holdings
1 ownerChain of control
- VL Developments
- DE VARIANT
Highest known parent: VL Developments. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
The accounts to 31-12-2022 list no holdings, and no other source names one.
According to the 2022 annual accounts of DE VARIANT and those 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.