FUNERALI
InactiveInactive; last annual accounts for fiscal year 2020.
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 12-07-2021, 19 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
19 d early
2019
52 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Equity
€241k▼ 56.3%
2019 · €551k
2018: €501k
2019: €551k
2018 → 2020
Total assets
€1.28M▼ 8.3%
2019 · €1.40M
2018: €1.42M
2019: €1.40M
2018 → 2020
Net result
€55k▲ 10.7%
2019 · €50k
2018: €59k
2019: €50k
2018 → 2020
Working capital
€-62k
2019 · €315k
2018: €258k
2019: €315k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€501k-€551k▲ 9.9%€241k▼ 56.3%
Operating result€112k-€89k▼ 21.0%€93k▲ 5.0%
Net result€59k-€50k▼ 14.9%€55k▲ 10.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2020; 2020 is 5% above 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €1.28M
Fixed assets
€795k ▼ 7.4%
Current assets
€485k ▼ 9.7%
Equity and liabilities €1.28M
Equity
€241k ▼ 56.3%
Debt
€1.04M ▲ 22.9%
Debt's share of the balance-sheet total rises from 60.5% to 81.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€179k▲
2019 · €175k
Cash flow
€141k▲
2019 · €135k
Current ratio
0.89▼
2019 · 2.42
Quick ratio
0.84▼
2019 · 2.35
Debt to equity
2.04▲
2019 · 1.13
ROE
22.9%▲
2019 · 9.0%
ROA
4.3%▲
2019 · 3.6%
Debt ≤ 1 year
€547k▲
2019 · €222k
Debt > 1 year
€492k▼
2019 · €623k
Income taxes
€14k▲
2019 · €13k
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 · 2020 against 2019 · 27 lines
Balance sheet
Code20192020
Assets
Total assets20/58€1.40M€1.28M▼
Fixed assets21/28€859k€795k▼
Tangible fixed assets22/27€859k€795k▼
Financial fixed assets28€38€38=
Current assets29/58€537k€485k▼
Stocks and contracts in progress3€17k€26k▲
Amounts receivable within one year40/41€408k€311k▼
Cash at bank and in hand54/58€111k€144k▲
Equity and liabilities
Total equity and liabilities10/49€1.40M€1.28M▼
Equity10/15€551k€241k▼
Contributions10/11€219k-
Reserves13€332k€22k▼
Profit (loss) carried forward14€269€457▲
Amounts payable17/49€845k€1.04M▲
Amounts payable after more than one year17€623k€492k▼
Amounts payable within one year42/48€222k€547k▲
Trade debts44€68k€22k▼
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€86k€86k▲
Gross operating margin9900€227k€261k▲
Operating profit (loss)9901€89k€93k▲
Recurring financial income75€458€199▼
Recurring financial charges65€26k€24k▼
Profit (loss) for the period before taxes9903€63k€69k▲
Income taxes67/77€13k€14k▲
Profit (loss) for the period9904€50k€55k▲
Profit (loss) for the period to be appropriated9905€50k€55k▲
Appropriation of the result
Return on contributions (dividend)694-€365k
Timeline · acts, filings and financial milestones
2022
10-02
State Gazette act
General meeting · Demerger
Accounting effect · Power of attorney · Lars HANSEN
11-01
State Gazette act
General meeting · Approval
Demerger · Accounting effect · Lars HANSEN
2021
28-10
State Gazette act
Demerger · Real estate
Share issue · Accounting effect
26-10
State Gazette act
Demerger · Real estate
Share issue · Accounting effect
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €50k ▼14.9%
Net result drops to €50k, the lowest in the series.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
2016
17-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
15-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Show earlier events
2014
16-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
14-06
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
18-06
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
2 transactionsReceived in a demerger part of:Ginkgho Funerals NV
Split off to:LOFMA