DRIVEN
InactiveOverview
Activity
Activity not known
Size
€27,934total assets 2021
- Staff
- 1.5 FTE
- Equity
- -€8,563
- Loss
- -€32,108
Turnover not published (abbreviated or micro format)
Financial health
Inactive: no score
Structure
4 deeds in the Belgian Official Gazette
Signalsraises riskTwo or more financial years not filedneutralLatest accounts filed on timeShow the evidence
Signals
Two signals.
raises riskneutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 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 · 4 filingsPosition against the passed deadline
31-12-2022 year end31-07-2023 deadline26-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 24-06-2022, 37 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
37 days early
2020
61 days late
2019
69 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 31 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
- General meeting · Director resignationPermanent representative · Director appointment
- Annual accounts filedfinancial year 2021 · abbreviated…
- Weakest financial yearnet -€32,108
Financials · financial year 2021, abbreviated format
Source amounts without an identifiable currency are assumed to be EUR.
Equity
-€8,563
2020 · €23,545
Total assets
€27,934▼ 58.7%
2020 · €67,661
Net result
-€32,108▼ 136%
2020 · -€13,579
Working capital
€18,725▼ 48.2%
2020 · €36,145
Trend over the years
2018 to 2021, 4 financial years
The operating result stays negative: a loss of €32,169 in 2021 against €11,814 in 2020; the loss grows and 2021 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€32,169
2021
Net result-€32,108
2021
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€27,934
2021
Equity-€8,563
2021
Debt€36,497
2021
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€18,725
2021
Average staff in full-time equivalents (FTE).
Staff (FTE)1.5
2021
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result€27,529-€2,940▼ 89.3%-€11,814-€32,169▼ 172%
Net result€18,008-€516▼ 97.1%-€13,579-€32,108▼ 136%
Equity€24,308-€24,824▲ 2.1%€23,545▼ 5.2%-€8,563
Total assets€41,276-€42,621▲ 3.3%€67,661▲ 58.8%€27,934▼ 58.7%
Debt€16,968-€17,796▲ 4.9%€44,115▲ 148%€36,497▼ 17.3%
Working capital€11,695-€15,262▲ 30.5%€36,145▲ 137%€18,725▼ 48.2%
Staff (FTE)11.5
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €27,934
Fixed assets
€1,469 ▼ 88.2%
Current assets
€26,465 ▼ 52.1%
Equity and liabilities
Equity-€8,563
Debt€36,497
Equity is negative: debt (€36,497) exceeds the balance-sheet total (€27,934).
Key figures and ratios
EBITDA
-€29,549
Cash flow
-€29,488
Solvency
-30.7%▼
2020 · 34.8%
Current ratio
3.42▲
2020 · 2.89
ROA
-114.9%▼
2020 · -20.1%
Interest coverage
-143.64
Debt ≤ 1 year
€7,740▼
2020 · €19,115
Debt > 1 year
€28,757▲
2020 · €25,000
Income taxes
-€60▼
2020 · -€18
Staff costs
€38,342
No debt to equity: equity is negative, so debt divided by equity means nothing.
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 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €25,516 | - |
| Remuneration, social security and pensions62 | - | - | - | €38,342 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,650 | €3,051 | - | €2,621 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €3,730 | - |
| Other operating charges640/8 | - | - | - | €1,966 | - |
| Gross operating margin9900 | €34,616 | €16,397 | -€11,399 | €14,490 | - |
| Operating profit (loss)9901 | €27,529 | €2,940 | -€11,814 | -€32,169 | ▼ 172% |
| Financial income75/76B | - | - | - | €207 | - |
| Recurring financial income75 | €223 | €0 | €0 | €207 | ▲ 690× |
| Financial charges65/66B | - | - | - | €206 | - |
| Recurring financial charges65 | €85 | €424 | €1,784 | €206 | ▼ 88.5% |
| Profit (loss) for the period before taxes9903 | €27,667 | €2,516 | -€13,597 | -€32,168 | ▼ 137% |
| Income taxes67/77 | €9,659 | €2,000 | -€18 | -€60 | ▼ 223% |
| Profit (loss) for the period9904 | €18,008 | €516 | -€13,579 | -€32,108 | ▼ 136% |
| Profit (loss) for the period to be appropriated9905 | €18,008 | €516 | -€13,579 | -€32,108 | ▼ 136% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €41,276 | €42,621 | €67,661 | €27,934 | ▼ 58.7% |
| Fixed assets21/28 | €12,613 | €9,562 | €12,400 | €1,469 | ▼ 88.2% |
| Intangible fixed assets21 | - | - | €12,400 | - | - |
| Tangible fixed assets22/27 | €12,613 | €9,562 | - | €1,469 | - |
| Plant, machinery and equipment23 | - | - | - | €1,469 | - |
| Current assets29/58 | €28,663 | €33,058 | €55,261 | €26,465 | ▼ 52.1% |
| Amounts receivable within one year40/41 | €14,273 | €31,164 | €43,696 | €21,379 | ▼ 51.1% |
| Trade receivables40 | - | - | - | €17,601 | - |
| Other amounts receivable41 | - | - | - | €3,778 | - |
| Cash at bank and in hand54/58 | €14,390 | €1,062 | €11,564 | €5,086 | ▼ 56.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €41,276 | €42,621 | €67,661 | €27,934 | ▼ 58.7% |
| Equity10/15 | €24,308 | €24,824 | €23,545 | -€8,563 | - |
| Contributions10/11 | €6,300 | €6,300 | - | €18,600 | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | €16,148 | €16,664 | €3,085 | -€29,023 | - |
| Amounts payable17/49 | €16,968 | €17,796 | €44,115 | €36,497 | ▼ 17.3% |
| Amounts payable after more than one year17 | - | - | €25,000 | €28,757 | ▲ 15.0% |
| Financial debts170/4 | - | - | - | €28,757 | - |
| Amounts payable within one year42/48 | €16,968 | €17,796 | €19,115 | €7,740 | ▼ 59.5% |
| Financial debts43 | - | - | - | €415 | - |
| Credit institutions430/8 | - | - | - | €415 | - |
| Trade debts44 | €1,006 | €3,978 | €12,016 | €7,272 | ▼ 39.5% |
| Suppliers440/4 | - | - | - | €7,272 | - |
| Taxes, remuneration and social security45 | - | - | - | €53 | - |
| Taxes450/3 | - | - | - | €53 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,008 | €516 | -€13,579 | -€32,108 | ▼ 136% |
| + Depreciation and write-downs630 | €6,650 | €3,051 | - | €2,621 | - |
| Operating cash flow (approximation) | €24,658 | €3,567 | -€13,579 | -€29,488 | ▼ 117% |
| Investment in fixed assets (approximation) | - | €0 | -€2,838 | €8,310 | - |
| Change in cash | - | -€13,328 | €10,502 | -€6,479 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (4)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2021 | abbreviated format | 24-06-2022 | 2022-20092307 |
| 31-12-2020 | micro format | 30-09-2021 | 2021-71100335 |
| 31-12-2019 | micro format | 08-10-2020 | 2020-60400360 |
| 31-12-2018 | micro format | 08-08-2019 | 2019-44900062 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 0 of 4 Gazette acts processed. See the directors and other office holders in the KBO →
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Acts, filings and financial milestones
2023
11-09
Gazette deed
General meeting · Director resignation
Permanent representative · Director appointment
2022
24-06
NBB filing
Annual accounts filed
financial year 2021 · abbreviated format
2021
31-12
Financial
Weakest financial yearnet -€32,108
Net result drops to -€32,108, the lowest in the series.
30-09
NBB filing
Annual accounts filed
financial year 2020 · micro format · 61 days late
2020
08-10
NBB filing
Annual accounts filed
financial year 2019 · micro format · 69 days late
2019
08-08
NBB filing
Annual accounts filed
financial year 2018 · micro format · 8 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 4 deeds read
About the unread acts
We know of 4 Belgian Official 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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Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.