E2C
InactiveInactive; last annual accounts for fiscal year 2022.
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 31-12-2023, 3 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 · 9 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 12-06-2023, 49 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
49 d early
2021
2 d early
2020
5 d early
2019
69 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 3 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)
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Financials · fiscal year 2022, micro schema
Equity
-€4.0m▲ 0.6%
2021 · -€4.0m
Total assets
€36,581▼ 2.9%
2021 · €37,658
Net result
€22,301
2021 · -€4,225
Working capital
-€4.0m▲ 0.6%
2021 · -€4.0m
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
Line20182019202020212022
Operating result-€4,473--€9,948-€123▲ 98.8%€21,359
Net result-€26,718--€35,662▼ 33.5%-€12,239▲ 65.7%-€4,225▲ 65.5%€22,301
Equity-€4.0m--€4.0m▼ 0.9%-€4.0m▼ 0.3%-€4.0m▼ 0.1%-€4.0m▲ 0.6%
Total assets€30,292-€29,788▼ 1.7%€33,537▲ 12.6%€37,658▲ 12.3%€36,581▼ 2.9%
Debt€4.0m-€4.0m▲ 0.9%€4.1m▲ 0.4%€4.1m▲ 0.2%€4.0m▼ 0.6%
Working capital-€4.0m--€4.0m▼ 0.9%-€4.0m▼ 0.3%-€4.0m▼ 0.1%-€4.0m▲ 0.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2022: €21,359 after a loss of €123 in 2021, the highest result in the available series.
Key figures and ratios
Current ratio
0.01▼
2021 · 0.01
Debt to equity
-1.01=
2021 · -1.01
ROA
61.0%▲
2021 · -11.2%
Debt ≤ 1 year
€4.0m▼
2021 · €4.1m
Income taxes
-€1,061
A ratio outside any meaningful range has been withheld (balance sheet total €36,581, equity -€4.0m).
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 | 2022 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €0 | €355 | - |
| Gross operating margin9900 | -€5,330 | - | -€8,900 | -€123 | €21,713 | ▲ 17,691% |
| Operating profit (loss)9901 | -€4,473 | - | -€9,948 | -€123 | €21,359 | ▲ 17,404% |
| Financial income75/76B | - | - | - | €450 | €0 | ▼ 100% |
| Recurring financial income75 | - | - | - | €450 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €4,552 | €118 | ▼ 97.4% |
| Recurring financial charges65 | €22,245 | €35,662 | €2,291 | €4,552 | €118 | ▼ 97.4% |
| Profit (loss) for the period before taxes9903 | -€26,718 | -€35,662 | -€12,239 | -€4,225 | €21,240 | ▲ 603% |
| Income taxes67/77 | - | - | - | - | -€1,061 | - |
| Profit (loss) for the period9904 | -€26,718 | -€35,662 | -€12,239 | -€4,225 | €22,301 | ▲ 628% |
| Profit (loss) for the period to be appropriated9905 | -€26,718 | -€35,662 | -€12,239 | -€4,225 | €22,301 | ▲ 628% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €30,292 | €29,788 | €33,537 | €37,658 | €36,581 | ▼ 2.9% |
| Current assets29/58 | €30,292 | €29,788 | €33,537 | €37,658 | €36,581 | ▼ 2.9% |
| Amounts receivable within one year40/41 | €11,364 | €29,788 | €31,477 | €35,846 | €36,581 | ▲ 2.1% |
| Other amounts receivable41 | - | - | - | €35,846 | €36,581 | ▲ 2.1% |
| Cash at bank and in hand54/58 | €18,928 | - | €2,060 | €1,812 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €30,292 | €29,788 | €33,537 | €37,658 | €36,581 | ▼ 2.9% |
| Equity10/15 | -€4.0m | -€4.0m | -€4.0m | -€4.0m | -€4.0m | ▲ 0.6% |
| Contributions10/11 | €50,000 | €50,000 | - | €50,000 | €50,000 | = |
| Profit (loss) carried forward14 | -€4.0m | -€4.1m | -€4.1m | -€4.1m | -€4.0m | ▲ 0.5% |
| Amounts payable17/49 | €4.0m | €4.0m | €4.1m | €4.1m | €4.0m | ▼ 0.6% |
| Amounts payable within one year42/48 | €4.0m | €4.0m | €4.1m | €4.1m | €4.0m | ▼ 0.6% |
| Trade debts44 | €21,189 | €55,889 | €56,864 | €35,658 | €2,708 | ▼ 92.4% |
| Suppliers440/4 | - | - | - | €35,658 | €2,708 | ▼ 92.4% |
| Other amounts payable47/48 | - | - | - | €4.0m | €4.0m | ▲ 0.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€26,718 | -€35,662 | -€12,239 | -€4,225 | €22,301 | ▲ 628% |
| Operating cash flow (approximation) | -€26,718 | -€35,662 | -€12,239 | -€4,225 | €22,301 | ▲ 628% |
| Change in cash | - | - | - | -€248 | -€1,812 | ▼ 629% |
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
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €22,301
Net result €22,301 after 4 loss-making years.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 69 days late
2019
31-12
Financial
Weakest financial yearnet -€35,662
Net result drops to -€35,662, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 23 days late
2016
01-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 32 days late
2015
23-12
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 145 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location