Financials · financial year 2020, micro format
2021 annual accounts not yet filed, deadline passed on 31 July 2022 The financial year closed on 31 December 2021. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 5 financial years without a filing since the last one filed. Source: NBB filings, as of 3 November 2026.
Annual accounts 2020 filed on 30-08-2021 PDF all 7 filings
Turnover
€31,150▼ 80.4%
2019 · €158,990
EBIT margin
0.2%▼ 56.2pp
2019 · 56.4%
Net result
-€17
2019 · €69,973
Working capital
€168,521=
2019 · €168,538
Multi-year overview
2018 to 2020, 3 financial yearsTurnover
€31,150
▼ 80.4%
2020
20182020
Operating result
€53
▼ 99.9%
2020
20182020
Net result
-€17
2020
lowest quarter of the sector
20182020
EBIT margin
0.2%
▼ 56.2pp
2020
20182020
Equity
€168,521
=
2020
middle half of the sector
20182020
Total assets
€188,219
▼ 29.1%
2020
middle half of the sector
20182020
Debt
€19,698
▼ 79.7%
2020
20182020
Working capital
€168,521
=
2020
highest quarter of the sector
20182020
Solvency
89.5%
▲ 26.0pp
2020
highest quarter of the sector
20182020
Current ratio
9.56
▲ 6.81
2020
highest quarter of the sector
20182020
Return on assets (ROA)
0.0%
▼ 26.4pp
2020
lowest quarter of the sector
20182020
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020
Turnover€150,020-€158,990▲ 6.0%€31,150▼ 80.4%
Operating result€69,075-€89,594▲ 29.7%€53▼ 99.9%
Net result€56,589-€69,973▲ 23.7%-€17below the sector's middle half
EBIT margin46.0%-56.4%▲ 10.3pp0.2%▼ 56.2pp
Equity€98,565-€168,538▲ 71.0%€168,521within the sector's middle half=
Total assets€115,675-€265,375▲ 129%€188,219within the sector's middle half▼ 29.1%
Debt€17,110-€96,837▲ 466%€19,698▼ 79.7%
Working capital€98,565-€168,538▲ 71.0%€168,521above the sector's middle half=
Solvency85.2%-63.5%▼ 21.7pp89.5%above the sector's middle half▲ 26.0pp
Current ratio6.76-2.74▼ 4.029.56above the sector's middle half▲ 6.81
Return on assets (ROA)48.9%-26.4%▼ 22.6pp0.0%below the sector's middle half▼ 26.4pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2020 is 100% lower than in 2019 and the lowest since 2018.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Equity and liabilities €188,219
Equity
€168,521 =
Debt
€19,698 ▼ 79.7%
Debt's share of the balance-sheet total falls from 36.5% to 10.5%. Debt is lower.
Key figures and ratios
ROE
0.0%▼
2019 · 41.5%
Debt ≤ 1 year
€19,698▼
2019 · €96,837
Customer credit
2122 days▲
2019 · 592 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Turnover70 | €150,020 | €158,990 | €31,150 | ▼ 80.4% |
| Gross operating margin9900 | €129,518 | €150,039 | €25,500 | ▼ 83.0% |
| Operating profit (loss)9901 | €69,075 | €89,594 | €53 | ▼ 99.9% |
| Recurring financial charges65 | €438 | €141 | €69 | ▼ 50.9% |
| Profit (loss) for the period before taxes9903 | €68,637 | €89,453 | -€17 | - |
| Income taxes67/77 | €12,048 | €19,480 | - | - |
| Profit (loss) for the period9904 | €56,589 | €69,973 | -€17 | - |
| Profit (loss) for the period to be appropriated9905 | €56,589 | €69,973 | -€17 | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €115,675 | €265,375 | €188,219 | ▼ 29.1% |
| Current assets29/58 | €115,675 | €265,375 | €188,219 | ▼ 29.1% |
| Amounts receivable within one year40/41 | €104,855 | €257,932 | €181,071 | ▼ 29.8% |
| Cash at bank and in hand54/58 | €10,820 | €7,442 | €7,148 | ▼ 4.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €115,675 | €265,375 | €188,219 | ▼ 29.1% |
| Equity10/15 | €98,565 | €168,538 | €168,521 | = |
| Contributions10/11 | €100 | €100 | €100 | = |
| Profit (loss) carried forward14 | €98,465 | €168,438 | €168,421 | = |
| Amounts payable17/49 | €17,110 | €96,837 | €19,698 | ▼ 79.7% |
| Amounts payable within one year42/48 | €17,110 | €96,837 | €19,698 | ▼ 79.7% |
| Trade debts44 | €5,063 | €5,309 | €7,651 | ▲ 44.1% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €56,589 | €69,973 | -€17 | - |
| Operating cash flow (approximation) | €56,589 | €69,973 | -€17 | - |
| Change in cash | - | -€3,378 | -€294 | ▲ 91.3% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2020 | micro format | 30-08-2021 | 2021-59600484 | |
| 31-12-2019 | micro format | 09-09-2021 | 2021-66800061 | |
| 31-12-2018 | micro format | 30-09-2019 | 2019-68500178 | |
| 31-12-2017 | micro format | 30-08-2018 | 2018-56100591 | |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-59100013 | |
| 31-12-2014 | abbreviated format | 31-08-2015 | 2015-58000448 | |
| 31-12-2013 | abbreviated format | 29-08-2014 | 2014-57200276 |