DIFFUSION VERLAINE
InactiveInactive; last annual accounts for fiscal year 2021.
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 31-07-2022, 4 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
31-07-2022 close28-02-2023 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-07-2021 was due by 28-02-2022 and was filed on 30-04-2022, 61 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 filed
2024
not filed
2023
not filed
2022
not filed
2021
61 d late
2020
38 d late
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 33 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 2021, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€81,961
2020 · -€62,647
Working capital
€462,728▲ 49.8%
2020 · €308,810
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
Line201920202021
Operating result-€42,329--€36,907▲ 12.8%€48,920
Net result-€65,855--€62,647▲ 4.9%€81,961
Equity€16,300--€46,647€35,014
Total assets€1.8m-€2.0m▲ 14.2%€1.8m▼ 8.8%
Debt€1.8m-€2.0m▲ 16.5%€1.8m▼ 11.5%
Working capital€499,407-€308,810▼ 38.2%€462,728▲ 49.8%
Staff (FTE)15.8-15.8=15.1▼ 4.4%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €48,920 after a loss of €36,907 in 2020, the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €1.7m
Fixed assets
€5,981 ▼ 81.7%
Current assets
€1.7m ▼ 2.9%
Equity and liabilities €1.8m
Equity
€35,014
Debt
€1.8m
Debt finances 98.1% of the balance-sheet total.
Key figures and ratios
EBITDA
€158,171▲
2020 · €89,762
Cash flow
€191,213▲
2020 · €64,021
Current ratio
1.39▲
2020 · 1.22
Quick ratio
0.65▲
2020 · 0.43
Debt to equity
51.66▲
2020 · -13.70
ROE
234.1%
ROA
4.4%▲
2020 · -3.1%
Interest coverage
3.68
Debt ≤ 1 year
€1.2m▼
2020 · €1.4m
Debt > 1 year
€589,260▼
2020 · €639,260
Income taxes
€0▼
2020 · €975
Staff costs
€471,302
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €30,824 | - |
| Remuneration, social security and pensions62 | - | - | €471,302 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €137,670 | €126,668 | €109,252 | ▼ 13.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €7,075 | - |
| Other operating charges640/8 | - | - | €2,121 | - |
| Operating charges capitalised as restructuring costs649 | - | - | €0 | - |
| Non-recurring operating charges66A | - | - | €1,796 | - |
| Gross operating margin9900 | €677,658 | €581,037 | €640,465 | ▲ 10.2% |
| Operating profit (loss)9901 | -€42,329 | -€36,907 | €48,920 | ▲ 233% |
| Financial income75/76B | - | - | €76,043 | - |
| Recurring financial income75 | €11,977 | €10,301 | €12,115 | ▲ 17.6% |
| Non-recurring financial income76B | - | - | €63,929 | - |
| Financial charges65/66B | - | - | €43,002 | - |
| Recurring financial charges65 | €34,952 | €35,067 | €43,002 | ▲ 22.6% |
| Profit (loss) for the period before taxes9903 | -€65,305 | -€61,672 | €81,961 | ▲ 233% |
| Income taxes67/77 | €550 | €975 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€65,855 | -€62,647 | €81,961 | ▲ 231% |
| Profit (loss) for the period to be appropriated9905 | -€65,855 | -€62,647 | €81,961 | ▲ 231% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.8m | €2.0m | €1.8m | ▼ 8.8% |
| Formation expenses20 | €177,202 | €278,270 | €176,594 | ▼ 36.5% |
| Fixed assets21/28 | €37,199 | €32,628 | €5,981 | ▼ 81.7% |
| Intangible fixed assets21 | €2,902 | €1,935 | €967 | ▼ 50.0% |
| Tangible fixed assets22/27 | €33,927 | €30,323 | €4,644 | ▼ 84.7% |
| Land and buildings22 | - | - | €0 | - |
| Plant, machinery and equipment23 | - | - | €439 | - |
| Furniture and vehicles24 | - | - | €4,205 | - |
| Other tangible fixed assets26 | - | - | €0 | - |
| Financial fixed assets28 | €370 | €370 | €370 | = |
| Current assets29/58 | €1.6m | €1.7m | €1.7m | ▼ 2.9% |
| Stocks and contracts in progress3 | €1.0m | €1.1m | €882,130 | ▼ 20.8% |
| Stocks30/36 | - | - | €882,130 | - |
| Amounts receivable within one year40/41 | €489,821 | €527,066 | €679,911 | ▲ 29.0% |
| Trade receivables40 | - | - | €81,325 | - |
| Other amounts receivable41 | - | - | €598,586 | - |
| Cash at bank and in hand54/58 | €36,523 | €61,192 | €72,717 | ▲ 18.8% |
| Deferred charges and accrued income490/1 | - | - | €26,523 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.8m | €2.0m | €1.8m | ▼ 8.8% |
| Equity10/15 | €16,300 | -€46,647 | €35,014 | ▲ 175% |
| Contributions10/11 | €425,691 | €425,691 | €425,691 | = |
| Capital10 | - | - | €425,691 | - |
| Issued capital100 | - | - | €425,691 | - |
| Reserves13 | €53,972 | €53,972 | €53,972 | = |
| Non-distributable reserves130/1 | - | - | €42,569 | - |
| Legal reserve130 | - | - | €42,569 | - |
| Tax-exempt reserves132 | - | - | €11,403 | - |
| Profit (loss) carried forward14 | -€464,263 | -€526,910 | -€444,949 | ▲ 15.6% |
| Investment grants15 | - | - | €300 | - |
| Provisions and deferred taxes16 | - | €24,372 | €0 | ▼ 100% |
| Provisions for liabilities and charges160/5 | - | - | €0 | - |
| Other liabilities and charges164/5 | - | - | €0 | - |
| Amounts payable17/49 | €1.8m | €2.0m | €1.8m | ▼ 11.5% |
| Amounts payable after more than one year17 | €696,260 | €639,260 | €589,260 | ▼ 7.8% |
| Financial debts170/4 | - | - | €589,260 | - |
| Amounts payable within one year42/48 | €1.1m | €1.4m | €1.2m | ▼ 14.5% |
| Financial debts43 | - | - | €733,543 | - |
| Credit institutions430/8 | - | - | €688,543 | - |
| Other loans439 | - | - | €45,000 | - |
| Trade debts44 | €429,361 | €408,033 | €328,821 | ▼ 19.4% |
| Suppliers440/4 | - | - | €328,821 | - |
| Taxes, remuneration and social security45 | - | - | €113,728 | - |
| Taxes450/3 | - | - | €57,319 | - |
| Remuneration and social security454/9 | - | - | €56,410 | - |
| Other amounts payable47/48 | - | - | €22,461 | - |
| Accrued charges and deferred income492/3 | - | - | €21,028 | - |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€65,855 | -€62,647 | €81,961 | ▲ 231% |
| + Depreciation and write-downs630 | €137,670 | €126,668 | €109,252 | ▼ 13.7% |
| Operating cash flow (approximation) | €71,815 | €64,021 | €191,213 | ▲ 199% |
| Investment in fixed assets (approximation) | - | -€122,097 | -€82,605 | ▲ 32.3% |
| Change in cash | - | €24,668 | €11,526 | ▼ 53.3% |
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
2022
30-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 61 days late
2021
31-07
Financial
Back to profitnet €81,961
Net result €81,961 after 2 loss-making years.
07-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 38 days late
2020
28-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 31 days late
2018
06-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 6 days late
2017
06-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 37 days late
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
2014
31-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2013
27-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2012
30-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
- FREQUENCE M.
- DIFFUSION VERLAINE
Highest known parent: FREQUENCE M.. The sources do not say who stands above it.
Owners 1
- FREQUENCE M.parent99.96%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.