FASEAS
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 24-07-2024, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2023
7 d early
2022
58 d late
2021
4 d early
2020
15 d early
2019
23 d early
2018
28 d early
2017
35 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, full schema
Turnover
€5.45M▲ 3.1%
2022 · €5.29M
2018: €7.54M
2019: €8.38M
2020: €8.30M
2021: €6.62M
2022: €5.29M
2018 → 2023
EBIT margin
-62.7%▼ 5.9pp
2022 · -56.9%
2018: -5.7%
2019: 0.8%
2020: -15.9%
2021: -27.5%
2022: -56.9%
2018 → 2023
Net result
€-11.47M▼ 239%
2022 · €-3.38M
2018: €-686k
2019: €-291k
2020: €-1.82M
2021: €-2.05M
2022: €-3.38M
2018 → 2023
Working capital
€-11.24M▼ 50.0%
2022 · €-7.50M
2018: €-6.79M
2019: €-4.48M
2020: €-2.90M
2021: €-4.70M
2022: €-7.50M
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Turnover€8.38M-€8.30M▼ 0.9%€6.62M▼ 20.3%€5.29M▼ 20.1%€5.45M▲ 3.1%
Equity€2.16M-€342k▼ 84.2%€-1.71M€-5.08M▼ 198%€-16.55M▼ 226%
Operating result€65k-€-1.32M€-1.82M▼ 38.3%€-3.01M▼ 65.1%€-3.42M▼ 13.7%
Net result€-291k-€-1.82M▼ 525%€-2.05M▼ 12.7%€-3.38M▼ 64.9%€-11.47M▼ 239%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3.42M in 2023 against €3.01M in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €11.10M
Fixed assets
€1.34M ▼ 84.8%
Current assets
€9.76M ▼ 28.3%
Key figures and ratios
EBITDA
€-2.87M▼
2022 · €-2.16M
Cash flow
€-10.91M▼
2022 · €-2.53M
Solvency
-149.1%▼
2022 · -22.7%
Current ratio
0.46▼
2022 · 0.64
Quick ratio
0.46▼
2022 · 0.64
Debt to equity
-1.67▲
2022 · -5.41
ROA
-103.3%▼
2022 · -15.1%
Interest coverage
-3.13▲
2022 · -3.36
Debt
€27.65M▲
2022 · €27.50M
Debt ≤ 1 year
€21.01M▼
2022 · €21.11M
Debt > 1 year
€6.65M▲
2022 · €6.39M
Income taxes
€4k▲
2022 · €-27k
Staff costs
€2.69M▲
2022 · €1.73M
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 · 2023 against 2022 · 69 lines
Balance sheet
Code20222023
Assets
Total assets20/58€22.42M€11.10M▼
Fixed assets21/28€8.80M€1.34M▼
Intangible fixed assets21€882k€759k▼
Tangible fixed assets22/27€38k€52k▲
Plant, machinery and equipment23€34k€19k▼
Furniture and vehicles24€5k€34k▲
Financial fixed assets28€7.88M€525k▼
Affiliated companies280/1€7.88M€525k▼
Participating interests280€7.88M€525k▼
Current assets29/58€13.62M€9.76M▼
Stocks and contracts in progress3€0€1k▲
Stocks30/36-€1k
Goods purchased for resale34-€1k
Amounts receivable within one year40/41€13.28M€9.16M▼
Trade receivables40€5.97M€1.85M▼
Other amounts receivable41€7.31M€7.31M▲
Cash at bank and in hand54/58€128k€27k▼
Deferred charges and accrued income490/1€207k€570k▲
Equity and liabilities
Total equity and liabilities10/49€22.42M€11.10M▼
Equity10/15€-5.08M€-16.55M▼
Contributions10/11€1.90M€1.90M=
Capital10€1.90M€1.90M=
Issued capital100€1.90M€1.90M=
Reserves13€190k€190k=
Non-distributable reserves130/1€190k€190k=
Legal reserve130€190k€190k=
Profit (loss) carried forward14€-7.17M€-18.64M▼
Amounts payable17/49€27.50M€27.65M▲
Amounts payable after more than one year17€6.39M€6.65M▲
Financial debts170/4€6.39M€6.65M▲
Other loans174€6.39M€6.65M▲
Amounts payable within one year42/48€21.11M€21.01M▼
Trade debts44€2.13M€3.20M▲
Suppliers440/4€2.13M€3.20M▲
Taxes, remuneration and social security45€463k€534k▲
Taxes450/3€35k€6k▼
Remuneration and social security454/9€428k€528k▲
Other amounts payable47/48€18.52M€17.27M▼
Income statement
Code20222023
Operating income70/76A€5.42M€5.63M▲
Turnover70€5.29M€5.45M▲
Own construction capitalised72€0-
Other operating income74€132k€172k▲
Operating charges60/66A€8.43M€9.05M▲
Goods for resale, raw materials and consumables60€5.07M€4.04M▼
Purchases600/8€5.07M€4.04M▼
Change in stocks: decrease (increase)609€0€-1k▼
Services and other goods61€785k€1.76M▲
Remuneration, social security and pensions62€1.73M€2.69M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€847k€555k▼
Other operating charges640/8€3k€4k▲
Operating profit (loss)9901€-3.01M€-3.42M▼
Financial income75/76B€724k€817k▲
Recurring financial income75€724k€817k▲
Income from current assets751€108k€286k▲
Other financial income752/9€616k€531k▼
Financial charges65/66B€1.12M€8.86M▲
Recurring financial charges65€1.12M€1.50M▲
Debt charges650€642k€916k▲
Other financial charges652/9€479k€587k▲
Non-recurring financial charges66B-€7.36M
Profit (loss) for the period before taxes9903€-3.41M€-11.46M▼
Income taxes67/77€-27k€4k▲
Taxes670/3€3k€4k▲
Tax adjustments and reversals of tax provisions77€30k€0▼
Profit (loss) for the period9904€-3.38M€-11.47M▼
Profit (loss) for the period to be appropriated9905€-3.38M€-11.47M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-7.17M€-18.64M▼
Profit (loss) brought forward from the previous period14P€-3.80M€-7.17M▼
Social balance
Average headcount (FTE)908720.421.3▲
The notes to these accounts (61 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
31-10
State Gazette act
General meeting · Merger
Dissolution · Accounting effect
08-08
State Gazette act
General meeting · Merger
Accounting effect · Sebastiaan-Willem Verbert
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
10-06
State Gazette act
Board meeting · Merger
Accounting effect · Corporate purpose
2023
31-12
Financial
Weakest financial yearnet €-11.47M
Net result drops to €-11.47M, the lowest in the series.
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 58 days late
02-03
State Gazette act
Board meeting · Power of attorney
Permanent representative
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 35 days late
Show earlier events
2017
17-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
10-03
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
04-01
State Gazette act
General meeting · Capital increase
Capital decrease · Bank account · Eric SPRUYT
2015
28-05
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 28 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 19 acts read
About the unread acts
We know of 19 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
1 transactionTaken over by:Spacewell International
Recognitions · licences · registrations
Legal Entity Identifier
894500ZEW6X1R5RL9X82