ECONOCOM BELGIUM
InactiveInactive; last annual accounts for fiscal year 2021.
Signals
1 signal. The signal on the left, the evidence on the right.
+raises risk
raises risk · Filed more than 90 days late
The financial year that closed on 31-03-2021 was due by 31-10-2021 and was filed on 08-02-2022, 100 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2021
100 d late
2020
19 d late
2019
38 d early
2018
23 d early
2017
35 d early
2016
32 d early
2015
37 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, full schema
Turnover
€1.50M▼ 74.2%
2020 · €5.82M
2018: €7.63M
2019: €6.43M
2020: €5.82M
2018 → 2021
EBIT margin
43.4%▲ 14.9pp
2020 · 28.5%
2018: 20.6%
2019: 7.1%
2020: 28.5%
2018 → 2021
Net result
€477k▼ 60.7%
2020 · €1.21M
2018: €1.11M
2019: €310k
2020: €1.21M
2018 → 2021
Working capital
€3.46M▲ 61.1%
2020 · €2.15M
2018: €2.27M
2019: €3.12M
2020: €2.15M
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€7.63M-€6.43M▼ 15.7%€5.82M▼ 9.4%€1.50M▼ 74.2%
Equity€1.02M-€1.33M▲ 30.5%€592k▼ 55.5%€1.07M▲ 80.7%
Operating result€1.57M-€458k▼ 70.9%€1.66M▲ 263%€651k▼ 60.8%
Net result€1.11M-€310k▼ 71.9%€1.21M▲ 291%€477k▼ 60.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 61% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €7.19M
Fixed assets
€202k ▼ 5.4%
Current assets
€6.99M ▲ 14.1%
Equity and liabilities €7.19M
Equity
€1.07M ▲ 80.7%
Provisions
€353k ▼ 0.8%
Debt
€5.77M ▲ 7.0%
Debt's share of the balance-sheet total falls from 85.1% to 80.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€669k▼
2020 · €1.75M
Cash flow
€495k▼
2020 · €1.30M
Current ratio
1.98▲
2020 · 1.54
Quick ratio
1.92▲
2020 · 1.48
ROE
44.6%▼
2020 · 205.1%
ROA
6.6%▼
2020 · 19.1%
Interest coverage
141.68▲
2020 · 139.65
Debt ≤ 1 year
€3.53M▼
2020 · €3.98M
Income taxes
€181k▼
2020 · €477k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 28 lines
Balance sheet
Code20202021
Assets
Total assets20/58€6.34M€7.19M▲
Fixed assets21/28€213k€202k▼
Tangible fixed assets22/27€189k€177k▼
Financial fixed assets28€24k€24k=
Current assets29/58€6.12M€6.99M▲
Stocks and contracts in progress3€219k€214k▼
Amounts receivable within one year40/41€5.85M€6.48M▲
Cash at bank and in hand54/58€53k€39k▼
Equity and liabilities
Total equity and liabilities10/49€6.34M€7.19M▲
Equity10/15€592k€1.07M▲
Contributions10/11€261k€261k=
Reserves13€312k€312k=
Profit (loss) carried forward14€18k€495k▲
Provisions and deferred taxes16€355k€353k▼
Amounts payable17/49€5.39M€5.77M▲
Amounts payable within one year42/48€3.98M€3.53M▼
Trade debts44€1.02M€421k▼
Income statement
Code20202021
Turnover70€5.82M€1.50M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€88k€17k▼
Operating profit (loss)9901€1.66M€651k▼
Recurring financial income75€47k€13k▼
Recurring financial charges65€17k€6k▼
Debt charges650€13k€5k▼
Profit (loss) for the period before taxes9903€1.69M€659k▼
Income taxes67/77€477k€181k▼
Profit (loss) for the period9904€1.21M€477k▼
Profit (loss) for the period to be appropriated9905€1.21M€477k▼
Appropriation of the result
Return on contributions (dividend)694€1.95M-
Timeline · acts, filings and financial milestones
2022
08-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 100 days late
2021
19-08
State Gazette act
Board meeting · Merger
Corporate purpose · Accounting effect
19-08
State Gazette act
Board meeting · Merger
Accounting effect · Power of attorney · Samuel WYNANT
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 19 days late
31-03
Financial
Equity above €1MEq €1.07M ▲80.7%
4 profitable years in a row build equity to €1.07M.
2020
31-12
Financial
Highest result since 2018net €1.21M ▲291%
Operating result €1.66M, net result €1.21M, both a record.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €310k ▼71.9%
Net result drops to €310k, the lowest in the series.
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
24-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Show earlier events
2015
26-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
26-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
12-06
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
09-10
State Gazette act
Demerger · Accounting effect
Capital increase · Capital reduction
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 54 acts read
About the unread acts
We know of 54 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
Ownership & control
1 parent companyControl over this companyparent company per the LEI register1
Ixelles
controls
ECONOCOM BELGIUMBE 0429.616.166
Acquisitions and mergers
2 transactionsTaken over by:ECONOCOM MANAGED SERVICES
Split off to:ECONOCOM LEASE
Recognitions · licences · registrations
Legal Entity Identifier
254900C3NRNVG1YCIH37