EXPANSION
InactiveInactive; last annual accounts for fiscal year 2021.
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 31-07-2022, 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 · 10 filingsPosition against the passed deadline
31-07-2022 close28-02-2023 deadline29-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-07-2021 was due by 28-02-2022 and was filed on 25-02-2022, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
3 d early
2020
2 d early
2019
23 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 6 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)
Financials · fiscal year 2021, micro schema
Equity
€339,764▼ 2.1%
2020 · €347,009
Total assets
€418,087▼ 0.3%
2020 · €419,402
Net result
-€7,245▲ 33.0%
2020 · -€10,813
Working capital
€339,764▼ 2.1%
2020 · €347,009
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
Line201920202021
Operating result-€639--€4,914▼ 669%-€1,279▲ 74.0%
Net result-€6,543--€10,813▼ 65.3%-€7,245▲ 33.0%
Equity€357,821-€347,009▼ 3.0%€339,764▼ 2.1%
Total assets€429,519-€419,402▼ 2.4%€418,087▼ 0.3%
Debt€71,698-€72,394▲ 1.0%€78,323▲ 8.2%
Working capital€357,821-€347,009▼ 3.0%€339,764▼ 2.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1,279 in 2021 against €4,914 in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Equity and liabilities €418,087
Equity
€339,764 ▼ 2.1%
Debt
€78,323 ▲ 8.2%
Debt's share of the balance-sheet total rises from 17.3% to 18.7%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
5.34▼
2020 · 5.79
Quick ratio
4.83▼
2020 · 5.24
ROE
-2.1%▲
2020 · -3.1%
ROA
-1.7%▲
2020 · -2.6%
Debt ≤ 1 year
€78,323▲
2020 · €72,394
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Gross operating margin9900 | -€534 | -€2,188 | -€822 | ▲ 62.4% |
| Operating profit (loss)9901 | -€639 | -€4,914 | -€1,279 | ▲ 74.0% |
| Recurring financial charges65 | €5,903 | €5,899 | €5,966 | ▲ 1.1% |
| Profit (loss) for the period before taxes9903 | -€6,543 | -€10,813 | -€7,245 | ▲ 33.0% |
| Profit (loss) for the period9904 | -€6,543 | -€10,813 | -€7,245 | ▲ 33.0% |
| Profit (loss) for the period to be appropriated9905 | -€6,543 | -€10,813 | -€7,245 | ▲ 33.0% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €429,519 | €419,402 | €418,087 | ▼ 0.3% |
| Current assets29/58 | €429,519 | €419,402 | €418,087 | ▼ 0.3% |
| Stocks and contracts in progress3 | €40,000 | €40,000 | €40,000 | = |
| Amounts receivable within one year40/41 | €29,657 | €19,538 | €18,288 | ▼ 6.4% |
| Current investments50/53 | €359,756 | €359,756 | €359,756 | = |
| Cash at bank and in hand54/58 | - | - | €44 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €429,519 | €419,402 | €418,087 | ▼ 0.3% |
| Equity10/15 | €357,821 | €347,009 | €339,764 | ▼ 2.1% |
| Contributions10/11 | €780,000 | €780,000 | €780,000 | = |
| Profit (loss) carried forward14 | -€422,179 | -€432,991 | -€440,236 | ▼ 1.7% |
| Amounts payable17/49 | €71,698 | €72,394 | €78,323 | ▲ 8.2% |
| Amounts payable within one year42/48 | €71,698 | €72,394 | €78,323 | ▲ 8.2% |
| Trade debts44 | €641 | €109 | €402 | ▲ 269% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,543 | -€10,813 | -€7,245 | ▲ 33.0% |
| Operating cash flow (approximation) | -€6,543 | -€10,813 | -€7,245 | ▲ 33.0% |
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
25-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
Financial
Weakest financial yearnet -€10,813
Net result drops to -€10,813, the lowest in the series.
23-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 23 days late
2019
26-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
21-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
27-01
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
29-01
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
28-01
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated 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 ownerOwners 1
-
19.57%
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.