FLOWSOURCE
InactiveOverview
Activity
Activity not known
Size
€115,441total assets 2022
- Equity
- €102,703
- Profit
- €65,203
Turnover not published (micro format)
Financial health
Inactive: no score
Structure
0 of 4 deeds read
Signalsraises riskTwo or more financial years not filedneutralLatest accounts filed on timeShow the evidence
Signals
Two signals.
raises riskneutral
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 · 7 filingsPosition against the passed deadline
31-03-2023 year end31-10-2023 deadline17-10-2026 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 27-10-2022, 4 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
4 days early
2021
33 days early
2020
12 days late
2019
6 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 8 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
- General meeting · Director resignationPermanent representative · Director appointment
- Annual accounts filedfinancial year 2022 · micro…
- Weakest financial yearnet €65,203 ▼62.5%
Financials · financial year 2022, micro format
Equity
€102,703▲ 19.5%
2021 · €85,946
Total assets
€115,441▼ 69.0%
2021 · €372,357
Net result
€65,203▼ 62.5%
2021 · €173,650
Working capital
€98,544▲ 22.6%
2021 · €80,370
Trend over the years
2019 to 2022, 4 financial years 2019 to 2022, 4 financial years
The operating result falls in 2022; 2022 is 59% below 2021 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€91,145
2022
Net result€65,203
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€115,441
2022
Equity€102,703
2022
Debt€12,738
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€98,544
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022
Operating result€160,120-€190,218▲ 18.8%€220,572▲ 16.0%€91,145▼ 58.7%
Net result€119,401-€144,739▲ 21.2%€173,650▲ 20.0%€65,203▼ 62.5%
Equity€37,558-€182,297▲ 385%€85,946▼ 52.9%€102,703▲ 19.5%
Total assets€205,899-€225,629▲ 9.6%€372,357▲ 65.0%€115,441▼ 69.0%
Debt€168,341-€43,332▼ 74.3%€286,410▲ 561%€12,738▼ 95.6%
Working capital€34,028-€182,420▲ 436%€80,370▼ 55.9%€98,544▲ 22.6%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €115,441
Fixed assets
€4,287 ▼ 23.1%
Current assets
€111,154 ▼ 69.7%
Equity and liabilities €115,441
Equity
€102,703 ▲ 19.5%
Debt
€12,738 ▼ 95.6%
Debt's share of the balance-sheet total falls from 76.9% to 11.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€92,435▼
2021 · €221,443
Cash flow
€66,493▼
2021 · €174,521
Current ratio
8.82▲
2021 · 1.28
Debt to equity
0.12
ROE
63.5%▼
2021 · 202.0%
ROA
56.5%▲
2021 · 46.6%
Interest coverage
over 100
Debt ≤ 1 year
€12,610▼
2021 · €286,410
Income taxes
€32,019▼
2021 · €54,226
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,229 | €3,652 | €871 | €1,290 | ▲ 48.0% |
| Other operating charges640/8 | - | - | - | €1,387 | - |
| Gross operating margin9900 | €165,189 | €194,719 | €222,511 | €93,822 | ▼ 57.8% |
| Operating profit (loss)9901 | €160,120 | €190,218 | €220,572 | €91,145 | ▼ 58.7% |
| Financial income75/76B | - | - | - | €6,215 | - |
| Recurring financial income75 | €3,765 | €6,822 | €7,446 | €6,215 | ▼ 16.5% |
| Financial charges65/66B | - | - | - | €138 | - |
| Recurring financial charges65 | €261 | €155 | €143 | €138 | ▼ 3.0% |
| Profit (loss) for the period before taxes9903 | €163,623 | €196,884 | €227,876 | €97,222 | ▼ 57.3% |
| Income taxes67/77 | €44,223 | €52,146 | €54,226 | €32,019 | ▼ 41.0% |
| Profit (loss) for the period9904 | €119,401 | €144,739 | €173,650 | €65,203 | ▼ 62.5% |
| Profit (loss) for the period to be appropriated9905 | €119,401 | €144,739 | €173,650 | €65,203 | ▼ 62.5% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €205,899 | €225,629 | €372,357 | €115,441 | ▼ 69.0% |
| Fixed assets21/28 | €3,652 | - | €5,576 | €4,287 | ▼ 23.1% |
| Tangible fixed assets22/27 | €3,652 | - | €5,576 | €4,287 | ▼ 23.1% |
| Furniture and vehicles24 | - | - | - | €4,287 | - |
| Current assets29/58 | €202,247 | €225,629 | €366,780 | €111,154 | ▼ 69.7% |
| Amounts receivable after more than one year29 | - | - | - | €37,938 | - |
| Other amounts receivable291 | - | - | - | €37,938 | - |
| Amounts receivable within one year40/41 | €25,477 | €30,786 | €27,836 | €614 | ▼ 97.8% |
| Trade receivables40 | - | - | - | €0 | - |
| Other amounts receivable41 | - | - | - | €614 | - |
| Cash at bank and in hand54/58 | €40,005 | €62,884 | €113,671 | €72,299 | ▼ 36.4% |
| Deferred charges and accrued income490/1 | - | - | - | €303 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €205,899 | €225,629 | €372,357 | €115,441 | ▼ 69.0% |
| Equity10/15 | €37,558 | €182,297 | €85,946 | €102,703 | ▲ 19.5% |
| Contributions10/11 | €25,000 | €25,000 | - | €25,000 | - |
| Reserves13 | €12,500 | €12,500 | €12,500 | €77,703 | ▲ 522% |
| Distributable reserves133 | - | - | - | €77,703 | - |
| Profit (loss) carried forward14 | €58 | €144,797 | €48,446 | €0 | ▼ 100% |
| Amounts payable17/49 | €168,341 | €43,332 | €286,410 | €12,738 | ▼ 95.6% |
| Amounts payable within one year42/48 | €168,219 | €43,209 | €286,410 | €12,610 | ▼ 95.6% |
| Trade debts44 | €1,245 | €10,716 | €475 | €151 | ▼ 68.1% |
| Suppliers440/4 | - | - | - | €151 | - |
| Taxes, remuneration and social security45 | - | - | - | €11,945 | - |
| Taxes450/3 | - | - | - | €11,945 | - |
| Other amounts payable47/48 | - | - | - | €513 | - |
| Accrued charges and deferred income492/3 | - | - | - | €128 | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €119,401 | €144,739 | €173,650 | €65,203 | ▼ 62.5% |
| + Depreciation and write-downs630 | €4,229 | €3,652 | €871 | €1,290 | ▲ 48.0% |
| Operating cash flow (approximation) | €123,630 | €148,391 | €174,521 | €66,493 | ▼ 61.9% |
| Investment in fixed assets (approximation) | - | - | - | €0 | - |
| Change in cash | - | €22,879 | €50,787 | -€41,372 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2022 | micro format | 27-10-2022 | 2022-20478817 |
| 31-03-2021 | micro format | 28-09-2021 | 2021-69300404 |
| 31-03-2020 | micro format | 12-11-2020 | 2020-70400408 |
| 31-03-2019 | micro format | 25-10-2019 | 2019-71300564 |
| 31-03-2018 | micro format | 08-10-2018 | 2018-68900221 |
| 30-06-2016 | abbreviated format | 09-01-2017 | 2017-00700327 |
| 30-06-2015 | abbreviated format | 10-12-2015 | 2015-68700109 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 0 of 4 Gazette acts processed. See the directors and other office holders in the KBO →
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
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This company
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Board mandates elsewhere
1 board mandateBoard mandates of this companythis company sits on their board1
3 locations
Acts, filings and financial milestones
2023
24-04
Gazette deed
General meeting · Director resignation
Permanent representative · Director appointment
2022
27-10
NBB filing
Annual accounts filed
financial year 2022 · micro format
31-03
Financial
Weakest financial yearnet €65,203 ▼62.5%
Net result drops to €65,203, the lowest in the series.
31-03
Financial
Liquidity more than 6 timescurrent ratio 8.82
Current ratio from 1.28 to 8.82; short-term debt falls from €286,410 to €12,610.
31-03
Financial
Equity above €100,000equity €102,703 ▲19.5%
A profit in every financial year since 2019 builds equity to €102,703.
2021
28-09
NBB filing
Annual accounts filed
financial year 2021 · micro format
31-03
Financial
Highest result from 2019 to 2022net €173,650 ▲20%
Operating result €220,572, net result €173,650, both a record.
2020
12-11
NBB filing
Annual accounts filed
financial year 2020 · micro format · 12 days late
31-03
Financial
Liquidity more than quadruplescurrent ratio 5.22
Current ratio from 1.20 to 5.22; short-term debt falls from €168,219 to €43,209.
31-03
Financial
Equity above €150,000equity €182,297 ▲385%
A profit in every financial year since 2019 builds equity to €182,297.
30-03
Gazette deed
General meeting · Director appointment
Permanent representative · Director resignation
2019
25-10
NBB filing
Annual accounts filed
financial year 2019 · micro format
Show earlier events
2018
08-10
NBB filing
Annual accounts filed
financial year 2018 · micro format
2017
09-01
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format
2015
10-12
NBB filing
Annual accounts filed
financial year 2015 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 4 deeds read
About the unread acts
We know of 4 Belgian Official 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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Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.