DEVELOPMENT
InactiveOverview
Overview
Official details
Source: KBO- Status
- Inactive deed of incorporation of 21-07-2001 · last publication under the heading End on 08-02-2022
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
No score
Annual accounts 2020
- Gross margin
- €38,288
- ▼ 53.6%
- Turnover
- ≈ €140,000
- estimated
- Profit
- €18,237
- ▼ 56.6%
- Equity
- €432,339
- ▲ 4.4%
- Total assets
- €568,167
- ▼ 2.2%
Filed on 31-08-2021
Financials
Financials · financial year 2020, full format
2020 annual accounts filed 31 days after the deadline Filed on 31 August 2021, deadline 31 July 2021 (7 months after the close on 31 December 2020, Companies Code art. 3:10). Source: NBB, 2021-65700183.
Annual accounts 2020 filed on 31-08-2021 PDF all 19 filings
Turnover
≈ €140,000
Estimated: probably between €73,000 and €260,000
EBIT margin
Not included in this filing
Net result
€18,237▼ 56.6%
2019 · €41,983
Working capital
€439,839▲ 0.1%
2019 · €439,393
Trend over the years
2018 to 2020, 3 financial years 2018 to 2020, 3 financial years
The operating result for 2020 is 32% lower than in 2019.
Operating result€37,185
2020
Net result€18,237
2020
Total assets€568,167
2020
Equity€432,339
2020
Debt€129,828
2020
Working capital€439,839
2020
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020
Operating result€14,381-€54,984▲ 282%€37,185▼ 32.4%
Net result€6,267-€41,983▲ 570%€18,237▼ 56.6%
Equity€385,609-€414,103▲ 7.4%€432,339▲ 4.4%
Total assets€720,260-€581,219▼ 19.3%€568,167▼ 2.2%
Debt€315,452-€161,116▼ 48.9%€129,828▼ 19.4%
Working capital€303,488-€439,393▲ 44.8%€439,839▲ 0.1%
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Equity and liabilities €568,167
Equity
€432,339 ▲ 4.4%
Provisions
€6,000 =
Debt
€129,828 ▼ 19.4%
Debt's share of the balance-sheet total falls from 27.7% to 22.9%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
4.43▲
2019 · 4.10
Quick ratio
4.16▲
2019 · 3.75
ROE
4.2%▼
2019 · 10.1%
ROA
3.2%▼
2019 · 7.2%
Debt ≤ 1 year
€128,328▼
2019 · €141,616
Income taxes
€10,386▼
2019 · €19,203
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 |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,627 | - | - | - |
| Gross operating margin9900 | €39,638 | €82,548 | €38,288 | ▼ 53.6% |
| Operating profit (loss)9901 | €14,381 | €54,984 | €37,185 | ▼ 32.4% |
| Recurring financial income75 | €3,024 | €13,697 | €753 | ▼ 94.5% |
| Recurring financial charges65 | €6,579 | €7,495 | €9,316 | ▲ 24.3% |
| Profit (loss) for the period before taxes9903 | €10,826 | €61,186 | €28,622 | ▼ 53.2% |
| Income taxes67/77 | €4,559 | €19,203 | €10,386 | ▼ 45.9% |
| Profit (loss) for the period9904 | €6,267 | €41,983 | €18,237 | ▼ 56.6% |
| Profit (loss) for the period to be appropriated9905 | €6,267 | €41,983 | €18,237 | ▼ 56.6% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €720,260 | €581,219 | €568,167 | ▼ 2.2% |
| Fixed assets21/28 | €138,821 | €210 | - | - |
| Tangible fixed assets22/27 | €138,821 | - | - | - |
| Financial fixed assets28 | - | €210 | - | - |
| Current assets29/58 | €581,440 | €581,009 | €568,167 | ▼ 2.2% |
| Stocks and contracts in progress3 | €145,519 | €49,532 | €34,503 | ▼ 30.3% |
| Amounts receivable within one year40/41 | €201,188 | €73,710 | €74,417 | ▲ 1.0% |
| Cash at bank and in hand54/58 | €227,591 | €450,223 | €459,247 | ▲ 2.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €720,260 | €581,219 | €568,167 | ▼ 2.2% |
| Equity10/15 | €385,609 | €414,103 | €432,339 | ▲ 4.4% |
| Contributions10/11 | €101,823 | €101,823 | €101,823 | = |
| Reserves13 | €267,888 | €312,280 | €330,516 | ▲ 5.8% |
| Profit (loss) carried forward14 | €2,409 | - | - | - |
| Provisions and deferred taxes16 | €19,200 | €6,000 | €6,000 | = |
| Amounts payable17/49 | €315,452 | €161,116 | €129,828 | ▼ 19.4% |
| Amounts payable after more than one year17 | €37,500 | €19,500 | - | - |
| Amounts payable within one year42/48 | €277,952 | €141,616 | €128,328 | ▼ 9.4% |
| Trade debts44 | €245,552 | €99,852 | €78,844 | ▼ 21.0% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,267 | €41,983 | €18,237 | ▼ 56.6% |
| + Depreciation and write-downs630 | €20,627 | - | - | - |
| Operating cash flow (approximation) | €26,894 | €41,983 | €18,237 | ▼ 56.6% |
| Investment in fixed assets (approximation) | - | €138,611 | - | - |
| Change in cash | - | €222,633 | €9,024 | ▼ 95.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2020 | full format | 31-08-2021 | 2021-65700183 | |
| 31-12-2019 | full format | 05-12-2020 | 2020-75200038 | |
| 31-12-2018 | full format | 30-09-2019 | 2019-68000025 | |
| 31-12-2017 | full format | 24-09-2018 | 2018-65500571 | |
| 31-12-2016 | full format | 30-09-2017 | 2017-65700322 | |
| 31-12-2015 | full format | 30-09-2016 | 2016-64500322 | |
| 31-12-2014 | full format | 29-08-2015 | 2015-56400593 | |
| 31-12-2013 | full format | 31-08-2014 | 2014-57900334 | |
| 31-12-2012 | full format | 26-08-2013 | 2013-52700070 | |
| 31-12-2011 | full format | 31-08-2012 | 2012-55700405 |
Timeline
Acts, filings and financial milestones
2022
08-02
2021
31-08
full format · 31 days late
2020
05-12
full format · 127 days late
2019
31-12
Financial
Highest result from 2018 to 2020net €41,983 ▲570%
The operating result of €54,984 and the net result of €41,983 are both a record.
30-09
full format · 61 days late
2018
24-09
full format · 55 days late
2017
30-09
full format · 61 days late
2016
30-09
full format · 61 days late
2015
29-08
full format · 29 days late
2014
31-08
full format · 31 days late
2013
26-08
full format · 26 days late
2012
31-08
full format · 31 days late
2001
21-07
Gazette deed
Incorporation
20 publications in the Belgian Official Gazette, the last on 08-02-2022
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Inactive
Inactive
DEVELOPMENT is no longer in the KBO register.
- Status
- Inactive
- Last annual accounts
- financial year to 31 December 2020
- Last registered office
- Montagne Aux Ombres 10, 1150 Woluwe-Saint-Pierreas published on 8 February 2022
- Legal form
- Private limited company (pre-2019)
- First annual accounts
- financial year 2002