Losses
Every financial year from 2018 to 2020 closed with a loss. 2018 was the heaviest.
Every financial year from 2018 to 2020 closed with a loss. 2018 was the heaviest.
Of this, €669,814 falls due within a year.
Nine of the last ten came late. The 2014 accounts came latest: 132 days after the end of the period.
Absorbed by INVESTREE in July 2021. The last annual accounts are for financial year 2020.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.1m. Estimated: probably between €660,000 and €1.9m.
Staff costs divided by the average number of full-time equivalents.
In 2020, 6 people joined and 9 left. Training hours in 2020: 4,060.
| Line | Trend | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||
20/58 |
895,949 | 905,233 | 897,001 | 943,520 | 875,658 | 767,599 | 774,828 | 517,673 | 440,503 | 410,188 | 348,098 | 246,829 | 193,193 | 165,171 | 95,930 | |
21/28 |
192,921 | 167,935 | 198,419 | 130,046 | 103,346 | 98,876 | 128,904 | 90,475 | 76,169 | 71,869 | 99,949 | 90,069 | 73,101 | 60,417 | 24,576 | |
21 |
29,739 | 1,449 | 1,932 | 2,239 | 1,437 | 2,156 | 2,875 | - | - | - | - | - | - | - | - | |
22/27 |
65,633 | 68,936 | 84,015 | 122,408 | 96,007 | 89,945 | 118,204 | 89,120 | 74,119 | 69,819 | 92,929 | 83,049 | 70,551 | 59,067 | 23,226 | |
22 |
44,327 | 40,248 | 46,293 | 46,840 | 23,586 | - | - | - | - | - | - | - | - | - | - | |
23 |
0 | 975 | 4,105 | 9,060 | 19,620 | 21,969 | 17,640 | 6,438 | 9,907 | 11,792 | 12,179 | 9,437 | 9,826 | 4,040 | 3,226 | |
24 |
21,306 | 27,714 | 33,617 | 66,508 | 52,801 | 67,976 | 100,565 | 82,682 | 64,212 | 58,027 | 80,750 | 73,612 | 60,725 | 55,027 | 20,000 | |
28 |
97,549 | 97,549 | 112,471 | 5,399 | 5,902 | 6,775 | 7,825 | 1,355 | 2,050 | 2,050 | 7,020 | 7,020 | 2,550 | 1,350 | 1,350 | |
29/58 |
703,028 | 737,298 | 698,582 | 813,474 | 772,312 | 668,723 | 645,924 | 427,198 | 364,334 | 338,319 | 248,149 | 156,760 | 120,092 | 104,754 | 71,354 | |
29 |
152,040 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
291 |
152,040 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
40/41 |
425,932 | 638,197 | 570,106 | 633,384 | 609,670 | 470,759 | 468,718 | 301,779 | 305,743 | 277,520 | 164,851 | 130,225 | 111,502 | 92,983 | 69,979 | |
40 |
317,601 | 381,403 | 484,004 | 496,003 | 487,727 | 387,397 | 400,569 | 296,779 | 305,743 | 277,520 | 159,265 | 130,225 | 111,502 | 92,983 | 69,151 | |
41 |
108,331 | 256,794 | 86,102 | 137,381 | 121,942 | 83,362 | 68,149 | 5,000 | - | - | 5,586 | - | - | - | 828 | |
54/58 |
104,199 | 90,151 | 128,476 | 180,090 | 162,642 | 159,867 | 141,691 | 125,419 | 58,591 | 60,799 | 79,926 | 23,640 | 8,590 | 11,771 | 1,375 | |
490/1 |
20,857 | 8,950 | - | - | - | 38,097 | 35,514 | - | - | - | 3,372 | 2,895 | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||
10/49 |
895,949 | 905,233 | 897,001 | 943,520 | 875,658 | 767,599 | 774,828 | 517,673 | 440,503 | 410,188 | 348,098 | 246,829 | 193,193 | 165,171 | 95,930 | |
10/15 |
128,318 | 147,233 | 161,807 | 222,483 | 221,595 | 216,720 | 212,870 | 169,506 | 113,251 | 134,535 | 101,851 | 78,087 | 58,101 | 43,109 | 25,951 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,001 | |
130/1 |
1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,001 | |
1311 |
1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
107,858 | 126,773 | 141,347 | 202,023 | 201,135 | 196,260 | 192,410 | 149,047 | 92,792 | 114,076 | 93,792 | 70,028 | 50,042 | 35,050 | 18,750 | |
17/49 |
767,631 | 758,000 | 735,194 | 721,037 | 654,063 | 550,879 | 561,958 | 348,167 | 327,252 | 275,653 | 246,247 | 168,742 | 135,092 | 122,062 | 69,979 | |
17 |
94,816 | 122,644 | 134,434 | 111,374 | 123,240 | 86,134 | 96,866 | 58,842 | 55,811 | 62,199 | 64,947 | 56,075 | 45,442 | 37,674 | 14,713 | |
170/4 |
94,816 | 122,644 | 134,434 | 111,374 | 123,240 | 86,134 | 96,866 | 58,842 | 55,811 | 62,199 | 64,947 | 56,075 | 45,442 | 37,674 | 14,713 | |
42/48 |
669,814 | 635,357 | 599,692 | 609,663 | 530,823 | 464,745 | 465,092 | 289,325 | 271,441 | 213,454 | 181,300 | 112,667 | 89,650 | 84,388 | 55,266 | |
42 |
56,746 | 67,715 | 73,745 | 43,673 | 39,109 | 60,916 | 74,652 | 45,047 | 46,064 | 45,865 | 43,586 | 26,553 | 13,388 | 18,430 | 14,253 | |
43 |
206,506 | 153,631 | 126,131 | 85,926 | 39,697 | 79,440 | - | - | - | - | - | - | - | - | 5,341 | |
430/8 |
206,506 | 153,631 | 126,131 | 85,926 | 39,697 | 79,440 | - | - | - | - | - | - | - | - | 5,341 | |
44 |
311,045 | 267,465 | 246,426 | 307,832 | 278,943 | 181,700 | 210,099 | 180,784 | 118,372 | 140,195 | 120,520 | 61,242 | 64,324 | 54,605 | 30,170 | |
440/4 |
311,045 | 267,465 | 246,426 | 307,832 | 278,943 | 181,700 | 210,099 | 180,784 | 118,372 | 140,195 | 120,520 | 61,242 | 64,324 | 54,605 | 30,170 | |
45 |
95,517 | 146,545 | 153,390 | 172,232 | 173,074 | 142,688 | 180,340 | 52,725 | 42,005 | 27,394 | 17,194 | 15,872 | 11,938 | 11,353 | 5,502 | |
450/3 |
50,072 | 64,706 | 99,493 | 123,434 | 120,681 | 103,558 | 131,863 | 31,888 | 23,606 | 11,425 | 5,403 | 9,355 | 9,858 | 9,069 | 4,225 | |
454/9 |
45,445 | 81,839 | 53,897 | 48,798 | 52,393 | 39,130 | 48,478 | 20,837 | 18,399 | 15,969 | 11,791 | 6,517 | 2,080 | 2,284 | 1,277 | |
47/48 |
- | - | - | - | - | - | - | 10,769 | 65,000 | - | - | 9,000 | - | - | - | |
492/3 |
3,000 | 0 | 1,067 | - | - | - | - | - | - | - | - | - | - | - | - | |
| Income statement | ||||||||||||||||
70 |
- | - | - | - | - | - | - | 1.4m | 1.4m | 1.2m | 965,073 | 702,798 | 670,147 | 528,077 | 380,882 | |
76A |
0 | 13,923 | - | - | - | - | 1,113 | 1,570 | - | - | - | 0 | - | - | - | |
9900 |
463,085 | 652,538 | 583,813 | 421,232 | 560,565 | 582,262 | 530,029 | 422,757 | 367,159 | 332,518 | 250,482 | 133,725 | 85,807 | 84,141 | 55,517 | |
60/61 |
- | - | - | - | - | - | - | 1.0m | 985,808 | 901,139 | 714,591 | 569,073 | 594,340 | 443,936 | 325,365 | |
62 |
423,983 | 525,464 | 479,271 | 337,716 | 375,884 | 367,073 | 374,221 | 274,714 | 232,373 | 207,887 | 152,490 | 48,416 | 22,421 | 24,075 | 22,433 | |
630 |
22,983 | 27,753 | 40,219 | 47,299 | 46,579 | 53,936 | 54,571 | 43,056 | 44,571 | 59,220 | 54,022 | 30,281 | 33,160 | 28,216 | 22,956 | |
631/4 |
12,587 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
640/8 |
12,428 | 58,789 | 17,141 | 19,606 | 7,428 | 10,977 | 13,487 | 5,545 | 4,373 | 3,867 | 3,499 | 3,336 | 2,818 | 2,573 | 1,902 | |
66A |
389 | 500 | - | - | 22,744 | - | 7,416 | 6,673 | 1,474 | 960 | 3,111 | 100 | 330 | 280 | 162 | |
9901 |
-9,286 | 40,032 | 47,182 | 16,611 | 107,931 | 150,276 | 87,750 | 99,442 | 85,842 | 61,544 | 40,471 | 51,692 | 27,408 | 29,277 | 8,226 | |
75/76B |
24,559 | 11,131 | 1,369 | 518 | 7,867 | 5,876 | 3,353 | 13 | 22 | 54 | 128 | 23 | 17 | - | - | |
75 |
22,108 | 11,131 | 1,369 | 518 | 7,867 | 5,876 | 3,353 | 13 | 22 | 54 | 128 | 23 | 17 | - | - | |
76B |
2,451 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
37,325 | 43,338 | 96,168 | 14,741 | 103,649 | 141,786 | 11,085 | 8,523 | 6,178 | 7,921 | 7,308 | 5,283 | 4,397 | 4,695 | 3,151 | |
65 |
37,325 | 43,338 | 96,168 | 14,741 | 103,649 | 141,786 | 11,085 | 8,523 | 6,178 | 7,921 | 7,308 | 5,283 | 4,397 | 4,695 | 3,151 | |
9903 |
-22,052 | 7,825 | -47,616 | 2,388 | 12,148 | 14,366 | 73,714 | 85,829 | 78,212 | 52,717 | 30,180 | 46,332 | 22,698 | 24,302 | 4,913 | |
67/77 |
-3,138 | 22,400 | 13,059 | 1,500 | 7,273 | 10,516 | 30,350 | 29,574 | 34,496 | 20,033 | 6,416 | 17,346 | 7,706 | 7,144 | 234 | |
9904 |
-18,915 | -14,575 | -60,676 | 888 | 4,875 | 3,850 | 43,365 | 56,255 | 43,716 | 32,684 | 23,764 | 28,986 | 14,992 | 17,158 | 4,679 | |
9905 |
-18,915 | -14,575 | -60,676 | 888 | 4,875 | 3,850 | 43,365 | 56,255 | 43,716 | 32,684 | 23,764 | 28,986 | 14,992 | 17,158 | 4,679 | |
| Appropriation of the result | ||||||||||||||||
9906 |
107,858 | 126,773 | 141,347 | 202,023 | 201,135 | 196,260 | 192,412 | 149,047 | 157,792 | 126,476 | 93,792 | 79,028 | 50,042 | 35,908 | 18,984 | |
691/2 |
- | - | - | - | - | - | 2 | - | - | 12,400 | - | - | - | 858 | 234 | |
691 |
- | - | - | - | - | - | - | - | - | 12,400 | - | - | - | - | - | |
6920 |
- | - | - | - | - | - | 2 | - | - | - | - | - | - | 858 | 234 | |
694/7 |
- | - | - | - | - | - | - | - | 65,000 | - | - | 9,000 | - | - | - | |
694 |
- | - | - | - | - | - | - | - | 65,000 | - | - | 9,000 | - | - | - | |
| Social balance sheet | ||||||||||||||||
9087 |
10.6 | 12.1 | 11.7 | 8.9 | 9 | 11 | 10.2 | 7.9 | 7.5 | 7.6 | 6.8 | 1.9 | 0.8 | 1 | 1.1 | |
Hours worked1013 |
14,962 | 18,121 | 20,221 | 14,099 | 14,626 | 151,657 | 15,152 | 12,075 | 12,218 | 12,021 | 9,521 | 2,978 | 1,128 | 1,754 | 1,962 | |
| Document | ||||||||||||||||
The accounts for 4 older financial years (2002-2005) were filed as documents without figures as data, scans for example.
Source: Annual accounts 2020 (PDF), filed on 30-08-2021.
2020 annual accounts filed 30 days after the deadline. Filed on 30 August 2021, deadline 31 July 2021 (7 months after the close on 31 December 2020, Companies Code art. 3:10). Source: NBB, 2021-57000311.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2020 | full format | 30-08-2021 | 2021-57000311 | |
| 31-12-2019 | full format | 21-08-2020 | 2020-42800386 | |
| 31-12-2018 | full format | 22-11-2019 | 2019-74200277 | |
| 31-12-2017 | full format | 09-11-2018 | 2018-71800510 | |
| 31-12-2016 | full format | 31-05-2017 | 2017-13600500 | |
| 31-12-2015 | full format | 18-10-2016 | 2016-65700084 | |
| 31-12-2014 | full format | 10-12-2015 | 2015-68400392 | |
| 31-12-2013 | full format | 25-08-2014 | 2014-47500039 | |
| 31-12-2012 | full format | 27-09-2013 | 2013-61000493 | |
| 31-12-2011 | full format | 31-08-2012 | 2012-53100115 | |
| 31-12-2010 | full format | 30-08-2011 | 2011-51400086 | |
| 31-12-2009 | full format | 31-08-2010 | 2010-50700466 | |
| 31-12-2008 | full format | 30-08-2009 | 2009-69400355 | |
| 31-12-2007 | full format | 21-08-2008 | 2008-60000320 | |
| 31-12-2006 | full format | 31-08-2007 | 2007-68100101 | |
| 31-12-2005 | full format | 25-08-2006 | 2006-69303237 | |
| 31-12-2004 | full format | 30-09-2005 | 2005-80501004 | |
| 31-12-2003 | full format | 30-11-2004 | 2004-82800523 | |
| 31-12-2002 | full format | 17-10-2003 | 2003-75305001 |
| Line | Trend | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 13,697 | 67,785 | 87,401 | 63,910 | 154,509 | 204,212 | 142,321 | 142,498 | 130,413 | 120,764 | 94,493 | 81,973 | 60,568 | 57,493 | 31,182 | ||
| 4,068 | 13,179 | -20,457 | 48,187 | 51,453 | 57,786 | 97,936 | 99,311 | 88,287 | 91,904 | 77,786 | 59,267 | 48,152 | 45,374 | 27,635 | ||
| 51,569 | 20,612 | 116,119 | 101,203 | 52,519 | 25,850 | 104,599 | 67,665 | 51,227 | 38,110 | 63,902 | 58,463 | 49,413 | 64,057 | 28,130 | ||
| 14,048 | -38,325 | -51,614 | 17,448 | 2,775 | 18,176 | 16,272 | 66,828 | -2,208 | -19,127 | 56,286 | 15,050 | -3,181 | 10,396 | - | ||
| 33,213 | 101,941 | 98,890 | 203,811 | 241,488 | 203,979 | 180,832 | 137,873 | 92,893 | 124,865 | 66,849 | 44,093 | 30,442 | 20,366 | 16,088 | ||
| - | - | - | - | - | - | - | 6.9% | 6.3% | 5.0% | 4.2% | 7.4% | 4.1% | 5.5% | 2.2% | ||
| 14.3% | 16.3% | 18.0% | 23.6% | 25.3% | 28.2% | 27.5% | 32.7% | 25.7% | 32.8% | 29.3% | 31.6% | 30.1% | 26.1% | 27.1% | ||
| 1.05 | 1.16 | 1.16 | 1.33 | 1.45 | 1.44 | 1.39 | 1.48 | 1.34 | 1.58 | 1.37 | 1.39 | 1.34 | 1.24 | 1.29 | ||
| 5.98 | 5.15 | 4.54 | 3.24 | 2.95 | 2.54 | 2.64 | 2.05 | 2.89 | 2.05 | 2.42 | 2.16 | 2.33 | 2.83 | 2.70 | ||
| -14.7% | -9.9% | -37.5% | 0.4% | 2.2% | 1.8% | 20.4% | 33.2% | 38.6% | 24.3% | 23.3% | 37.1% | 25.8% | 39.8% | 18.0% | ||
| -2.1% | -1.6% | -6.8% | 0.1% | 0.6% | 0.5% | 5.6% | 10.9% | 9.9% | 8.0% | 6.8% | 11.7% | 7.8% | 10.4% | 4.9% | ||
| - | - | - | - | - | - | - | 75 days | 82 days | 82 days | 60 days | 68 days | 61 days | 64 days | 66 days | ||
| - | - | - | - | - | - | - | 65 days | 44 days | 57 days | 62 days | 39 days | 40 days | 45 days | 34 days |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The operating result for 2020 is a loss of €9,286, after a profit of €40,032 in 2019. It is the lowest result since 2006.
Debt's share of the balance-sheet total rises from 83.7% to 85.7%. Equity is lower and debt is higher.
Source: lists of holdings in the owners' accounts
Source: list of holdings in its own 2020 accounts. Every holding stands with its own latest accounts.
| Name | 2018 | 2019 | 2020 |
|---|---|---|---|
| 100% | |||
Source: list of holdings in its own accounts
The network lets you explore the ties of DELIVER-E.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
deed of 15-09-2021 (in French)
DELIVER-E is no longer in the KBO register. INVESTREE took it over in a merger by absorption, published in the Belgian Official Gazette on 14 December 2021.
If something looks wrong or is missing, please tell us.