DVCARS
InactiveInactive; last annual accounts for fiscal year 2007.
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2007. Since then, 18 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2008 close31-07-2009 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2007 was due by 31-07-2008 and was filed on 29-08-2008, 29 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 confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filings
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 2007, full schema
Turnover
€103,738▲ 9.2%
2006 · €94,958
EBIT margin
-22.2%▼ 18.2pp
2006 · -4.0%
Net result
-€30,636
2006 · €4,811
Working capital
€71,519
2006 · -€141,084
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
Line20062007
Turnover€94,958-€103,738▲ 9.2%
Operating result-€3,803--€22,990▼ 505%
Net result€4,811--€30,636
EBIT margin-4.0%--22.2%▼ 18.2pp
Equity€260,444-€229,807▼ 11.8%
Total assets€520,020-€510,873▼ 1.8%
Debt€259,576-€281,066▲ 8.3%
Working capital-€141,084-€71,519
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €22,990 in 2007 against €3,803 in 2006; the loss grows.
Balance-sheet composition
2007 in colour, 2006 as the grey bar beneath
Assets €510,873
Fixed assets
€404,631 ▲ 0.8%
Current assets
€106,242 ▼ 10.3%
Equity and liabilities €510,873
Equity
€229,807 ▼ 11.8%
Debt
€281,066 ▲ 8.3%
Debt's share of the balance-sheet total rises from 49.9% to 55.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1,196▼
2006 · €4,241
Cash flow
-€6,450▼
2006 · €12,855
Current ratio
3.06▲
2006 · 0.46
Quick ratio
2.88▲
2006 · 0.32
Debt to equity
1.07
ROE
-13.3%▼
2006 · 1.8%
ROA
-6.0%▼
2006 · 0.9%
Debt ≤ 1 year
€34,723▼
2006 · €259,576
Debt > 1 year
€246,335
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2006 | 2007 | Change |
|---|---|---|---|
| Turnover70 | €94,958 | €103,738 | ▲ 9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,044 | €24,186 | ▲ 201% |
| Gross operating margin9900 | €15,091 | €7,832 | ▼ 48.1% |
| Operating profit (loss)9901 | -€3,803 | -€22,990 | ▼ 505% |
| Recurring financial income75 | €1,429 | €577 | ▼ 59.6% |
| Recurring financial charges65 | €1,854 | €8,223 | ▲ 344% |
| Profit (loss) for the period before taxes9903 | €4,811 | -€30,636 | ▼ 737% |
| Profit (loss) for the period9904 | €4,811 | -€30,636 | ▼ 737% |
| Profit (loss) for the period to be appropriated9905 | €4,811 | -€30,636 | ▼ 737% |
| Line | 2006 | 2007 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €520,020 | €510,873 | ▼ 1.8% |
| Formation expenses20 | - | €4,789 | - |
| Fixed assets21/28 | €401,528 | €404,631 | ▲ 0.8% |
| Tangible fixed assets22/27 | €401,528 | €399,842 | ▼ 0.4% |
| Current assets29/58 | €118,492 | €106,242 | ▼ 10.3% |
| Stocks and contracts in progress3 | €35,673 | €6,171 | ▼ 82.7% |
| Amounts receivable within one year40/41 | €8,248 | €21,560 | ▲ 161% |
| Cash at bank and in hand54/58 | €74,571 | €7,499 | ▼ 89.9% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €520,020 | €510,873 | ▼ 1.8% |
| Equity10/15 | €260,444 | €229,807 | ▼ 11.8% |
| Contributions10/11 | €18,592 | €18,600 | = |
| Profit (loss) carried forward14 | -€44,827 | -€75,463 | ▼ 68.3% |
| Amounts payable17/49 | €259,576 | €281,066 | ▲ 8.3% |
| Amounts payable after more than one year17 | - | €246,335 | - |
| Amounts payable within one year42/48 | €259,576 | €34,723 | ▼ 86.6% |
| Trade debts44 | €7,911 | €13,001 | ▲ 64.3% |
| Line | 2006 | 2007 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €4,811 | -€30,636 | ▼ 737% |
| + Depreciation and write-downs630 | €8,044 | €24,186 | ▲ 201% |
| Operating cash flow (approximation) | €12,855 | -€6,450 | ▼ 150% |
| Investment in fixed assets (approximation) | - | -€27,289 | - |
| Change in cash | - | -€67,072 | - |
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
2008
29-08
NBB filing
Annual accounts filed
fiscal year 2007 · full schema · 29 days late
2007
31-12
Financial
Liquidity times 7current ratio 3.06
Current ratio from 0.46 to 3.06; short-term debt falls from €259,576 to €34,723.
30-08
NBB filing
Annual accounts filed
fiscal year 2006 · full schema · 30 days late
2006
25-08
NBB filing
Annual accounts filed
fiscal year 2005 · full schema · 25 days late
2005
28-09
NBB filing
Annual accounts filed
fiscal year 2004 · full schema · 59 days late
2004
03-11
NBB filing
Annual accounts filed
fiscal year 2003 · full schema · 95 days late
2003
31-07
NBB filing
Annual accounts filed
fiscal year 2002 · full schema
2002
16-12
NBB filing
Annual accounts filed
fiscal year 2001 · full schema · 138 days late
2001
07-12
NBB filing
Annual accounts filed
fiscal year 2000 · full schema · 129 days late
2000
27-06
NBB filing
Annual accounts filed
fiscal year 1999 · full schema
1999
09-07
NBB filing
Annual accounts filed
fiscal year 1998 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
- DVCARS
- DVCARS
Highest known parent: DVCARS. The sources do not say who stands above it.
Owners 1
- DVCARSparentSourceaccounts DVCARS 202299.87%
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.