GESTIME
InactiveNo longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 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 · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline23-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 14-06-2022, 47 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
47 d early
2020
27 d late
2019
69 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Equity
€375k▲ 34.1%
2020 · €280k
2018: €261k
2019: €292k
2020: €280k
2018 → 2021
Total assets
€384k▲ 35.8%
2020 · €283k
2018: €311k
2019: €305k
2020: €283k
2018 → 2021
Net result
€95k
2020 · €-13k
2018: €34k
2019: €31k
2020: €-13k
2018 → 2021
Working capital
€375k▲ 265%
2020 · €103k
2018: €59k
2019: €104k
2020: €103k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€261k-€292k▲ 11.9%€280k▼ 4.3%€375k▲ 34.1%
Operating result€56k-€50k▼ 11.0%€-12k€135k
Net result€34k-€31k▼ 9.8%€-13k€95k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €135k after a loss of €12k in 2020, the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Equity and liabilities €384k
Equity
€375k▲ 34.1%
Debt
€8k▲ 208%
The debt ratio rises from 1.0% to 2.2%. Equity and debt are higher.
Key figures and ratios
Solvency
97.8%▼
2020 · 99.0%
Current ratio
45.25▲
2020 · 38.29
Quick ratio
45.25▲
2020 · 38.29
Debt / equity
0.02
ROE
25.4%▲
2020 · -4.5%
ROA
24.9%▲
2020 · -4.5%
Debt
€8k▲
2020 · €3k
Debt ≤ 1 year
€8k▲
2020 · €3k
Income taxes
€40k▲
2020 · €176
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€283k€384k▲
Fixed assets21/28€177k-
Tangible fixed assets22/27€177k-
Financial fixed assets28€125-
Current assets29/58€106k€384k▲
Amounts receivable within one year40/41€6k€4k▼
Trade receivables40-€238
Other amounts receivable41-€4k
Cash at bank and in hand54/58€97k€380k▲
Equity and liabilities
Total equity and liabilities10/49€283k€384k▲
Equity10/15€280k€375k▲
Contributions10/11-€60k
Reserves13€231k€314k▲
Non-distributable reserves130/1-€9k
Reserves not available under the articles1311-€9k
Distributable reserves133-€305k
Profit (loss) carried forward14€-11k€2k▲
Amounts payable17/49€3k€8k▲
Amounts payable within one year42/48€3k€8k▲
Trade debts44€571-
Taxes, remuneration and social security45-€8k
Taxes450/3-€8k
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k-
Other operating charges640/8-€2k
Gross operating margin9900€1k€137k▲
Operating profit (loss)9901€-12k€135k▲
Financial income75/76B-€35
Recurring financial income75€15€35▲
Financial charges65/66B-€88
Recurring financial charges65€43€88▲
Profit (loss) for the period before taxes9903€-12k€135k▲
Income taxes67/77€176€40k▲
Profit (loss) for the period9904€-13k€95k▲
Profit (loss) for the period to be appropriated9905€-13k€95k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€84k
Profit (loss) brought forward from the previous period14P-€-11k
Transfer to equity691/2-€83k
To other reserves6921-€83k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €95k
Net result €95k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Weakest financial yearnet €-13k ▼141%
Net result drops to €-13k, the lowest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 38.29
Current ratio from 9.21 to 38.29; short-term debt falls from €13k to €3k.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
20-07
State Gazette act
General meeting · Director resignation
Director appointment · Director reappointment
2019
31-12
Financial
Liquidity quadruplescurrent ratio 9.21
Current ratio from 2.20 to 9.21; short-term debt falls from €49k to €13k.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
15-06
State Gazette act
General meeting · Director reappointment
Mandate compensation
2015
29-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
24-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
30-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
07-06
State Gazette act
General meeting · Director appointment
Mandate compensation · Permanent representative
18-05
State Gazette act
Board meeting · Director resignation
Director appointment · Permanent representative
18-05
State Gazette act
Board meeting · Director resignation
Director appointment · Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Structure & network
Ownership & control
1 partyGESTIMEBE 0806.645.367
controls
Where this company holds controlthis company sits on their board1