FISCALAN
ActiveFinancials · financial year 2021, micro format
2022 annual accounts not yet filed, deadline passed on 28 February 2023 The financial year closed on 31 July 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 3 November 2026.
Annual accounts 2021 filed on 31-03-2022 PDF all 23 filings
Turnover
≈ €100,000
Estimated: probably between €49,000 and €200,000
Total assets
€1.1m▼ 1.3%
2020 · €1.1m
Net result
€13,326▲ 12.2%
2020 · €11,880
Working capital
€329,027▲ 5.4%
2020 · €312,301
Multi-year overview
2019 to 2021, 3 financial yearsOperating result
€17,428
▲ 1.8%
2021
20192021
Net result
€13,326
▲ 12.2%
2021
middle half of the sector
20192021
Equity
€705,143
▲ 1.9%
2021
highest quarter of the sector
20192021
Total assets
€1.1m
▼ 1.3%
2021
highest quarter of the sector
20192021
Debt
€385,453
▼ 6.7%
2021
20192021
Working capital
€329,027
▲ 5.4%
2021
highest quarter of the sector
20192021
Solvency
64.7%
▲ 2.0pp
2021
middle half of the sector
20192021
Current ratio
1.86
▲ 0.10
2021
middle half of the sector
20192021
Return on assets (ROA)
1.2%
▲ 0.1pp
2021
lowest quarter of the sector
20192021
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021
Operating result€0.03m-€0.02m▼ 45.0%€0.02m▲ 1.8%
Net result€0.02m-€0.01mwithin the sector's middle half▼ 31.0%€0.01mwithin the sector's middle half▲ 12.2%
Equity€0.7m-€0.7mabove the sector's middle half▲ 1.7%€0.7mabove the sector's middle half▲ 1.9%
Total assets€1.1m-€1.1mabove the sector's middle half▲ 4.1%€1.1mabove the sector's middle half▼ 1.3%
Debt€0.4m-€0.4m▲ 8.2%€0.4m▼ 6.7%
Working capital€0.3m-€0.3mabove the sector's middle half▲ 5.1%€0.3mabove the sector's middle half▲ 5.4%
Solvency64.0%-62.6%within the sector's middle half▼ 1.4pp64.7%within the sector's middle half▲ 2.0pp
Current ratio1.78-1.76within the sector's middle half▼ 0.021.86within the sector's middle half▲ 0.10
Return on assets (ROA)1.6%-1.1%within the sector's middle half▼ 0.5pp1.2%below the sector's middle half▲ 0.1pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 2% higher than in 2020. It is a recovery after the fall 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 €1.1m
Fixed assets
€378,640 ▼ 0.9%
Current assets
€711,956 ▼ 1.5%
Equity and liabilities €1.1m
Equity
€705,143 ▲ 1.9%
Debt
€385,453 ▼ 6.7%
Debt's share of the balance-sheet total falls from 37.4% to 35.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€20,828▲
2020 · €20,528
Cash flow
€16,726▲
2020 · €15,280
ROE
1.9%▲
2020 · 1.7%
Debt ≤ 1 year
€382,929▼
2020 · €410,633
Income taxes
€7,912▼
2020 · €8,721
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Subsidies and aid
Flemish government
2023 to 2024 · 2 entries · €464 awarded · €464 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €254 | €254 |
| 2023 | 1 | €210 | €210 |
Annual accounts
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,400 | €3,400 | €3,400 | = |
| Gross operating margin9900 | €35,488 | €20,628 | €21,797 | ▲ 5.7% |
| Operating profit (loss)9901 | €31,122 | €17,128 | €17,428 | ▲ 1.8% |
| Recurring financial income75 | €5,980 | €3,862 | €4,094 | ▲ 6.0% |
| Recurring financial charges65 | €8,290 | €389 | €284 | ▼ 27.0% |
| Profit (loss) for the period before taxes9903 | €28,812 | €20,601 | €21,238 | ▲ 3.1% |
| Income taxes67/77 | €11,591 | €8,721 | €7,912 | ▼ 9.3% |
| Profit (loss) for the period9904 | €17,221 | €11,880 | €13,326 | ▲ 12.2% |
| Profit (loss) for the period to be appropriated9905 | €17,221 | €11,880 | €13,326 | ▲ 12.2% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.1m | €1.1m | €1.1m | ▼ 1.3% |
| Fixed assets21/28 | €0.4m | €0.4m | €0.4m | ▼ 0.9% |
| Tangible fixed assets22/27 | €0.01m | €0.01m | €0.007m | ▼ 33.3% |
| Financial fixed assets28 | €0.4m | €0.4m | €0.4m | = |
| Current assets29/58 | €0.7m | €0.7m | €0.7m | ▼ 1.5% |
| Amounts receivable within one year40/41 | €0.1m | €0.1m | €0.05m | ▼ 52.3% |
| Cash at bank and in hand54/58 | €0.4m | €0.4m | €0.5m | ▲ 14.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €1.1m | ▼ 1.3% |
| Equity10/15 | €0.7m | €0.7m | €0.7m | ▲ 1.9% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.6m | €0.6m | €0.6m | ▲ 2.1% |
| Amounts payable17/49 | €0.4m | €0.4m | €0.4m | ▼ 6.7% |
| Amounts payable within one year42/48 | €0.4m | €0.4m | €0.4m | ▼ 6.7% |
| Trade debts44 | €0.2m | €0.2m | €0.2m | ▼ 12.3% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,221 | €11,880 | €13,326 | ▲ 12.2% |
| + Depreciation and write-downs630 | €3,400 | €3,400 | €3,400 | = |
| Operating cash flow (approximation) | €20,621 | €15,280 | €16,726 | ▲ 9.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | €60,412 | €63,879 | ▲ 5.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-07-2021 | micro format | 31-03-2022 | 2022-09600212 | |
| 31-07-2020 | micro format | 31-03-2022 | 2022-09600202 | |
| 31-07-2019 | micro format | 31-03-2022 | 2022-09600200 | |
| 31-07-2018 | abbreviated format | 22-01-2019 | 2019-02000258 | |
| 31-07-2017 | abbreviated format | 24-08-2018 | 2018-50100046 | |
| 31-07-2014 | abbreviated format | 09-07-2015 | 2015-29500011 | |
| 31-07-2013 | abbreviated format | 18-06-2015 | 2015-18800188 | |
| 31-07-2012 | abbreviated format | 18-06-2015 | 2015-18700497 | |
| 31-07-2011 | abbreviated format | 09-07-2015 | 2015-29400495 | |
| 31-07-2010 | abbreviated format | 18-02-2011 | 2011-03900230 |