Financelis
ActiveFinancials · financial year 2021, micro format
2022 annual accounts not yet filed, deadline passed on 31 July 2023 The financial year closed on 31 December 2022. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 4 financial years without a filing since the last one filed. Source: NBB filings, as of 4 November 2026.
Annual accounts 2021 filed on 29-07-2022 PDF all 6 filings
Turnover
≈ €230,000
Estimated: probably between €180,000 and €280,000
Total assets
€313,864▲ 31.1%
2020 · €239,400
Net result
€79,107▼ 11.2%
2020 · €89,096
Working capital
€200,532▲ 36.3%
2020 · €147,079
Multi-year overview
2018 to 2021, 4 financial yearsOperating result
€99,651
▼ 11.5%
2021
20182021
Net result
€79,107
▼ 11.2%
2021
highest quarter of the sector
20182021
Equity
€239,752
▲ 16.6%
2021
middle half of the sector
20182021
Total assets
€313,864
▲ 31.1%
2021
middle half of the sector
20182021
Debt
€74,113
▲ 120%
2021
20182021
Working capital
€200,532
▲ 36.3%
2021
highest quarter of the sector
20182021
Solvency
76.4%
▼ 9.5pp
2021
middle half of the sector
20182021
Current ratio
3.71
▼ 1.65
2021
middle half of the sector
20182021
Return on assets (ROA)
25.2%
▼ 12.0pp
2021
middle half of the sector
20182021
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result€101,510-€96,108▼ 5.3%€112,610▲ 17.2%€99,651▼ 11.5%
Net result€80,600-€77,439▼ 3.9%€89,096above the sector's middle half▲ 15.1%€79,107above the sector's middle half▼ 11.2%
Equity€184,110-€141,549▼ 23.1%€205,645within the sector's middle half▲ 45.3%€239,752within the sector's middle half▲ 16.6%
Total assets€215,397-€267,009▲ 24.0%€239,400within the sector's middle half▼ 10.3%€313,864within the sector's middle half▲ 31.1%
Debt€31,287-€125,460▲ 301%€33,755▼ 73.1%€74,113▲ 120%
Working capital€140,269-€63,276▼ 54.9%€147,079within the sector's middle half▲ 132%€200,532above the sector's middle half▲ 36.3%
Solvency85.5%-53.0%▼ 32.5pp85.9%above the sector's middle half▲ 32.9pp76.4%within the sector's middle half▼ 9.5pp
Current ratio5.48-1.50▼ 3.985.36above the sector's middle half▲ 3.853.71within the sector's middle half▼ 1.65
Return on assets (ROA)37.4%-29.0%▼ 8.4pp37.2%above the sector's middle half▲ 8.2pp25.2%within the sector's middle half▼ 12.0pp
above
within
below
The sector band is the middle half of the companies in Legal and accounting activities (NACE 69). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2021 is 12% lower than in 2020.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €313,864
Fixed assets
€39,219 ▼ 33.0%
Current assets
€274,645 ▲ 51.9%
Equity and liabilities €313,864
Equity
€239,752 ▲ 16.6%
Debt
€74,113 ▲ 120%
Debt's share of the balance-sheet total rises from 14.1% to 23.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€118,997▼
2020 · €132,355
Cash flow
€98,453▼
2020 · €108,840
Debt to equity
0.31
ROE
33.0%▼
2020 · 43.3%
Interest coverage
over 100
Debt ≤ 1 year
€74,113▲
2020 · €33,755
Income taxes
€20,471▼
2020 · €22,847
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €1,993 awarded · €1,993 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €449 | €449 |
| 2024 | 1 | €629 | €629 |
| 2023 | 1 | €492 | €492 |
| 2022 | 1 | €423 | €423 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,139 | €30,087 | €19,744 | €19,347 | ▼ 2.0% |
| Other operating charges640/8 | - | - | - | €725 | - |
| Gross operating margin9900 | €120,093 | €126,740 | €132,802 | €119,722 | ▼ 9.8% |
| Operating profit (loss)9901 | €101,510 | €96,108 | €112,610 | €99,651 | ▼ 11.5% |
| Recurring financial income75 | - | €184 | - | - | - |
| Financial charges65/66B | - | - | - | €73 | - |
| Recurring financial charges65 | €710 | €35 | €340 | €73 | ▼ 78.5% |
| Profit (loss) for the period before taxes9903 | €100,799 | €96,257 | €111,943 | €99,578 | ▼ 11.0% |
| Income taxes67/77 | €20,200 | €18,818 | €22,847 | €20,471 | ▼ 10.4% |
| Profit (loss) for the period9904 | €80,600 | €77,439 | €89,096 | €79,107 | ▼ 11.2% |
| Profit (loss) for the period to be appropriated9905 | €76,533 | €70,362 | €91,114 | €79,107 | ▼ 13.2% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €215,397 | €267,009 | €239,400 | €313,864 | ▲ 31.1% |
| Fixed assets21/28 | €43,841 | €78,273 | €58,566 | €39,219 | ▼ 33.0% |
| Tangible fixed assets22/27 | €43,841 | €77,313 | €57,606 | €38,259 | ▼ 33.6% |
| Plant, machinery and equipment23 | - | - | - | €240 | - |
| Furniture and vehicles24 | - | - | - | €38,019 | - |
| Financial fixed assets28 | - | €960 | €960 | €960 | = |
| Current assets29/58 | €171,556 | €188,736 | €180,834 | €274,645 | ▲ 51.9% |
| Amounts receivable within one year40/41 | €2,152 | €1,979 | €2,158 | €194,518 | ▲ 90× |
| Trade receivables40 | - | - | - | €237 | - |
| Other amounts receivable41 | - | - | - | €194,281 | - |
| Cash at bank and in hand54/58 | €168,634 | €186,715 | €178,610 | €80,049 | ▼ 55.2% |
| Deferred charges and accrued income490/1 | - | - | - | €78 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €215,397 | €267,009 | €239,400 | €313,864 | ▲ 31.1% |
| Equity10/15 | €184,110 | €141,549 | €205,645 | €239,752 | ▲ 16.6% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | - |
| Reserves13 | €165,510 | €122,949 | €137,045 | €137,045 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - |
| Tax-exempt reserves132 | - | - | - | €15,074 | - |
| Distributable reserves133 | - | - | - | €120,111 | - |
| Profit (loss) carried forward14 | - | - | €50,000 | €84,107 | ▲ 68.2% |
| Amounts payable17/49 | €31,287 | €125,460 | €33,755 | €74,113 | ▲ 120% |
| Amounts payable within one year42/48 | €31,287 | €125,460 | €33,755 | €74,113 | ▲ 120% |
| Financial debts43 | - | - | - | €20,000 | - |
| Other loans439 | - | - | - | €20,000 | - |
| Trade debts44 | €292 | €264 | - | €4,692 | - |
| Suppliers440/4 | - | - | - | €4,692 | - |
| Taxes, remuneration and social security45 | - | - | - | €4,421 | - |
| Taxes450/3 | - | - | - | €4,421 | - |
| Other amounts payable47/48 | - | - | - | €45,000 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €80,600 | €77,439 | €89,096 | €79,107 | ▼ 11.2% |
| + Depreciation and write-downs630 | €18,139 | €30,087 | €19,744 | €19,347 | ▼ 2.0% |
| Operating cash flow (approximation) | €98,739 | €107,526 | €108,840 | €98,453 | ▼ 9.5% |
| Investment in fixed assets (approximation) | - | -€64,519 | -€38 | €0 | - |
| Change in cash | - | €18,081 | -€8,105 | -€98,560 | ▼ 1,116% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | micro format | 29-07-2022 | 2022-20244718 | |
| 31-12-2020 | micro format | 10-06-2021 | 2021-19800182 | |
| 31-12-2019 | micro format | 24-03-2020 | 2020-07600463 | |
| 31-12-2018 | micro format | 01-04-2019 | 2019-09200260 | |
| 31-12-2017 | micro format | 08-06-2018 | 2018-17100256 | |
| 31-12-2016 | micro format | 03-04-2017 | 2017-07700585 |