EOLY
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 31-03-2023, 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 · 10 filingsPosition against the passed deadline
31-03-2023 close31-10-2023 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2022 was due by 31-10-2022 and was filed on 26-09-2022, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
35 d early
2021
33 d early
2020
33 d early
2019
38 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, full schema
Turnover
€120.31M▲ 54.1%
2020 · €78.09M
2019: €67.24Mlowest value
2020: €78.09M▲ +16.1% vs 2019
2022: €120.31Mhighest value
2019 → 2022
EBIT margin
-1.2%▲ 0.3pp
2020 · -1.5%
2019: -0.4%highest value
2020: -1.5%▼ -280% vs 2019lowest value
2022: -1.2%
2019 → 2022
Net result
€-726k
2020 · €85.30M
2019: €-75k
2020: €85.30M▲ +114315% vs 2019highest value
2022: €-726klowest value
2019 → 2022
Working capital
€41.61M▲ 44.1%
2020 · €28.88M
2019: €5.63Mlowest value
2020: €28.88M▲ +413% vs 2019
2022: €41.61Mhighest value
2019 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202022Trend
Turnover€67.24M-€78.09M▲ 16.1%€120.31M▲ 54.1%
2019: €67.24Mlowest value
2020: €78.09M▲ +16.1% vs 2019
2022: €120.31Mhighest value
Equity€77.30M-€60.75M▼ 21.4%€44.14M▼ 27.3%
2019: €77.30Mhighest value
2020: €60.75M▼ -21.4% vs 2019
2022: €44.14Mlowest value
Operating result€-272k-€-1.20M▼ 342%€-1.50M▼ 24.4%
2019: €-272khighest value
2020: €-1.20M▼ -342% vs 2019
2022: €-1.50Mlowest value
Net result€-75k-€85.30M€-726k
2019: €-75k
2020: €85.30M▲ +114315% vs 2019highest value
2022: €-726klowest value
Result per fiscal year
Operating resultNet result
The operating result is €-1.50M in 2022, compared with €-1.20M in 2020. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2022 in colour, 2020 as the grey bar beneath
Assets €62.67M
Fixed assets
€2.52M ▼ 92.1%
Current assets
€60.14M ▲ 61.4%
Equity and liabilities €62.67M
Equity
€44.14M ▼ 27.3%
Provisions
€0 ▼ 100%
Debt
€18.53M ▲ 121%
Debt's share of the balance-sheet total rises from 12.1% to 29.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€607k▼
2020 · €4.76M
Cash flow
€1.38M▼
2020 · €91.26M
Current ratio
3.25▼
2020 · 4.45
Quick ratio
2.57▼
2020 · 2.86
Debt to equity
0.42
ROE
-1.6%▼
2020 · 140.4%
ROA
-1.2%▼
2020 · 123.0%
Interest coverage
256.34▲
2020 · 51.80
Debt ≤ 1 year
€18.53M▲
2020 · €8.37M
Staff costs
€9k
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 · 2022 against 2020 · 71 lines
Balance sheet
Code20202022
Assets
Total assets20/58€69.34M€62.67M▼
Fixed assets21/28€32.08M€2.52M▼
Intangible fixed assets21€820k€283k▼
Tangible fixed assets22/27€30.85M€1.84M▼
Land and buildings22-€396k
Plant, machinery and equipment23-€1.42M
Furniture and vehicles24-€190
Assets under construction and advance payments27-€22k
Financial fixed assets28€410k€400k▼
Other financial fixed assets284/8-€400k
Amounts receivable and cash guarantees285/8-€400k
Current assets29/58€37.26M€60.14M▲
Stocks and contracts in progress3€13.28M€12.61M▼
Stocks30/36-€12.61M
Finished goods33-€10.66M
Advance payments36-€1.95M
Amounts receivable within one year40/41€19.52M€40.03M▲
Trade receivables40-€39.86M
Other amounts receivable41-€171k
Cash at bank and in hand54/58€2.53M€7.17M▲
Deferred charges and accrued income490/1-€339k
Equity and liabilities
Total equity and liabilities10/49€69.34M€62.67M▼
Equity10/15€60.75M€44.14M▼
Contributions10/11€58.00M€42.14M▼
Capital10-€42.14M
Issued capital100-€42.14M
Reserves13€517k€381k▼
Non-distributable reserves130/1-€372k
Legal reserve130-€372k
Tax-exempt reserves132-€10k
Profit (loss) carried forward14€2.13M€1.17M▼
Investment grants15-€454k
Provisions and deferred taxes16€193k-
Amounts payable17/49€8.40M€18.53M▲
Amounts payable within one year42/48€8.37M€18.53M▲
Trade debts44€6.97M€18.37M▲
Suppliers440/4-€18.37M
Taxes, remuneration and social security45-€149k
Taxes450/3-€149k
Other amounts payable47/48-€6k
Income statement
Code20202022
Operating income70/76A-€122.28M
Turnover70€78.09M€120.31M▲
Change in stocks of work in progress, finished goods and contracts in progress71-€-410k
Other operating income74-€2.29M
Non-recurring operating income76A-€91k
Operating charges60/66A-€123.78M
Goods for resale, raw materials and consumables60-€117.38M
Purchases600/8-€115.13M
Change in stocks: decrease (increase)609-€2.26M
Services and other goods61-€4.24M
Remuneration, social security and pensions62-€9k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5.96M€2.10M▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-17k
Other operating charges640/8-€53k
Non-recurring operating charges66A-€1k
Operating profit (loss)9901€-1.20M€-1.50M▼
Financial income75/76B-€780k
Recurring financial income75€273k€780k▲
Income from current assets751-€5k
Other financial income752/9-€775k
Financial charges65/66B-€9k
Recurring financial charges65€102k€9k▼
Debt charges650€92k€2k▼
Other financial charges652/9-€7k
Profit (loss) for the period before taxes9903€85.30M€-726k▼
Income taxes67/77€6k-
Profit (loss) for the period9904€85.30M€-726k▼
Profit (loss) for the period to be appropriated9905€85.29M€-726k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€1.17M
Profit (loss) brought forward from the previous period14P-€1.89M
Return on contributions (dividend)694€92.84M-
The notes to these accounts (56 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2022 | Change |
|---|---|---|---|---|
| Operating income70/76A | - | - | €122.28M | - |
| Turnover70 | €67.24M | €78.09M | €120.31M | - |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | €-410k | - |
| Other operating income74 | - | - | €2.29M | - |
| Non-recurring operating income76A | - | - | €91k | - |
| Operating charges60/66A | - | - | €123.78M | - |
| Goods for resale, raw materials and consumables60 | - | - | €117.38M | - |
| Purchases600/8 | - | - | €115.13M | - |
| Change in stocks: decrease (increase)609 | - | - | €2.26M | - |
| Services and other goods61 | - | - | €4.24M | - |
| Remuneration, social security and pensions62 | - | - | €9k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5.31M | €5.96M | €2.10M | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €-17k | - |
| Other operating charges640/8 | - | - | €53k | - |
| Non-recurring operating charges66A | - | - | €1k | - |
| Operating profit (loss)9901 | €-272k | €-1.20M | €-1.50M | - |
| Financial income75/76B | - | - | €780k | - |
| Recurring financial income75 | €286k | €273k | €780k | - |
| Income from current assets751 | - | - | €5k | - |
| Other financial income752/9 | - | - | €775k | - |
| Financial charges65/66B | - | - | €9k | - |
| Recurring financial charges65 | €88k | €102k | €9k | - |
| Debt charges650 | €80k | €92k | €2k | - |
| Other financial charges652/9 | - | - | €7k | - |
| Profit (loss) for the period before taxes9903 | €-75k | €85.30M | €-726k | - |
| Income taxes67/77 | €4k | €6k | - | - |
| Profit (loss) for the period9904 | €-75k | €85.30M | €-726k | - |
| Profit (loss) for the period to be appropriated9905 | €-78k | €85.29M | €-726k | - |
| Line | 2019 | 2020 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €108.30M | €69.34M | €62.67M | - |
| Fixed assets21/28 | €72.15M | €32.08M | €2.52M | - |
| Intangible fixed assets21 | €1.02M | €820k | €283k | - |
| Tangible fixed assets22/27 | €30.64M | €30.85M | €1.84M | - |
| Land and buildings22 | - | - | €396k | - |
| Plant, machinery and equipment23 | - | - | €1.42M | - |
| Furniture and vehicles24 | - | - | €190 | - |
| Assets under construction and advance payments27 | - | - | €22k | - |
| Financial fixed assets28 | €40.50M | €410k | €400k | - |
| Other financial fixed assets284/8 | - | - | €400k | - |
| Amounts receivable and cash guarantees285/8 | - | - | €400k | - |
| Current assets29/58 | €36.15M | €37.26M | €60.14M | - |
| Stocks and contracts in progress3 | €14.50M | €13.28M | €12.61M | - |
| Stocks30/36 | - | - | €12.61M | - |
| Finished goods33 | - | - | €10.66M | - |
| Advance payments36 | - | - | €1.95M | - |
| Amounts receivable within one year40/41 | €20.50M | €19.52M | €40.03M | - |
| Trade receivables40 | - | - | €39.86M | - |
| Other amounts receivable41 | - | - | €171k | - |
| Cash at bank and in hand54/58 | €73k | €2.53M | €7.17M | - |
| Deferred charges and accrued income490/1 | - | - | €339k | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €108.30M | €69.34M | €62.67M | - |
| Equity10/15 | €77.30M | €60.75M | €44.14M | - |
| Contributions10/11 | €67.00M | €58.00M | €42.14M | - |
| Capital10 | - | - | €42.14M | - |
| Issued capital100 | - | - | €42.14M | - |
| Reserves13 | €401k | €517k | €381k | - |
| Non-distributable reserves130/1 | - | - | €372k | - |
| Legal reserve130 | - | - | €372k | - |
| Tax-exempt reserves132 | - | - | €10k | - |
| Profit (loss) carried forward14 | €9.79M | €2.13M | €1.17M | - |
| Investment grants15 | - | - | €454k | - |
| Provisions and deferred taxes16 | €166k | €193k | - | - |
| Amounts payable17/49 | €30.83M | €8.40M | €18.53M | - |
| Amounts payable within one year42/48 | €30.52M | €8.37M | €18.53M | - |
| Trade debts44 | €10.21M | €6.97M | €18.37M | - |
| Suppliers440/4 | - | - | €18.37M | - |
| Taxes, remuneration and social security45 | - | - | €149k | - |
| Taxes450/3 | - | - | €149k | - |
| Other amounts payable47/48 | - | - | €6k | - |
| Line | 2019 | 2020 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-75k | €85.30M | €-726k | - |
| + Depreciation and write-downs630 | €5.31M | €5.96M | €2.10M | - |
| Operating cash flow (approximation) | €5.23M | €91.26M | €1.38M | - |
| Investment in fixed assets (approximation) | - | €34.11M | - | - |
| Change in cash | - | €2.46M | - | - |
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
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-03
Financial
Weakest financial yearnet €-726k
Net result drops to €-726k, the lowest in the series.
2021
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
02-04
State Gazette act
Incorporation · Demerger
Founding capital · Corporate purpose
31-03
Financial
Back to profitnet €85.30M
Net result €85.30M after one loss-making year.
31-03
Financial
Liquidity quadruplescurrent ratio 4.45
Current ratio from 1.18 to 4.45; short-term debt falls from €30.52M to €8.37M.
2019
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
22-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
22-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Show earlier events
2014
22-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2013
26-09
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2012
11-05
State Gazette act
Demerger · Share issue
Accounting effect · Net-asset statement
11-05
State Gazette act
Demerger · Corporate purpose
Share issue · Accounting effect
11-05
State Gazette act
Demerger · Share issue
Accounting effect · Net-asset statement
27-02
State Gazette act
Demerger · Corporate purpose
Share issue · Share transfer
27-02
State Gazette act
Demerger · Corporate purpose
Share issue · Accounting effect
27-02
State Gazette act
Merger · Corporate purpose
Share issue · Share transfer
2011
31-08
State Gazette act
Incorporation · Corporate purpose
Founder · Director appointment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 26 acts read
About the unread acts
We know of 26 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
Acquisitions and mergers
4 transactionsReceived in a demerger part of:BIO-PLANET
Received in a demerger part of:COLIM
Received in a demerger part of:DREAMLAND
Split off to:Eoly Energy
Public money · subsidies and aid
European research
1 projectProgrammes
Horizon 2020
Projects
Hydrogen fuel cell trucks for heavy-duty, zero emission logistics