GROUP DC
InactiveInactive; last annual accounts for fiscal year 2022.
Signals
1 signal. The signal on the left, the evidence on the right.
+raises risk
raises risk · Filed more than 90 days late
The financial year that closed on 30-09-2022 was due by 30-04-2023 and was filed on 05-10-2023, 158 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2022
158 d late
2021
102 d late
2020
110 d late
2019
111 d late
2018
65 d late
2017
56 d late
2016
59 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, abbreviated schema
Equity
€-1.24M▲ 15.3%
2021 · €-1.46M
2018: €1.18Mhighest in 5 years
2019: €-1.23M▼ -204% vs 2018
2020: €-1.17M▲ +4.6% vs 2019
2021: €-1.46M▼ -24.3% vs 2020lowest in 5 years
2022: €-1.24M▲ +15.3% vs 2021
2018 → 2022
Total assets
€709k▼ 0.5%
2021 · €713k
2018: €4.80M
2019: €4.73M▼ -1.6% vs 2018
2020: €4.87M▲ +3.1% vs 2019highest in 5 years
2021: €713k▼ -85.4% vs 2020
2022: €709k▼ -0.5% vs 2021lowest in 5 years
2018 → 2022
Net result
€223k
2021 · €-285k
2018: €25k
2019: €86k▲ +245% vs 2018
2020: €56k▼ -35.3% vs 2019
2021: €-285k▼ -609% vs 2020lowest in 5 years
2022: €223k▲ +178% vs 2021highest in 5 years
2018 → 2022
Working capital
€-1.24M▲ 15.3%
2021 · €-1.46M
2018: €-3.04M
2019: €-5.32M▼ -74.9% vs 2018lowest in 5 years
2020: €-5.13M▲ +3.6% vs 2019
2021: €-1.46M▲ +71.6% vs 2020
2022: €-1.24M▲ +15.3% vs 2021highest in 5 years
2018 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€1.18M-€-1.23M€-1.17M▲ 4.6%€-1.46M▼ 24.3%€-1.24M▲ 15.3%
2018: €1.18Mhighest in 5 years
2019: €-1.23M▼ -204% vs 2018
2020: €-1.17M▲ +4.6% vs 2019
2021: €-1.46M▼ -24.3% vs 2020lowest in 5 years
2022: €-1.24M▲ +15.3% vs 2021
Operating result€130k-€158k▲ 21.4%€165k▲ 4.7%€-212k€224k
2018: €130k
2019: €158k▲ +21.4% vs 2018
2020: €165k▲ +4.7% vs 2019
2021: €-212k▼ -228% vs 2020lowest in 5 years
2022: €224k▲ +206% vs 2021highest in 5 years
Net result€25k-€86k▲ 245%€56k▼ 35.3%€-285k€223k
2018: €25k
2019: €86k▲ +245% vs 2018
2020: €56k▼ -35.3% vs 2019
2021: €-285k▼ -609% vs 2020lowest in 5 years
2022: €223k▲ +178% vs 2021highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2022: €224k after a loss of €212k in 2021, the highest result in the available series.
Key figures and ratios
EBITDA
€230k▲
2021 · €-181k
Cash flow
€230k▲
2021 · €-255k
Solvency
-174.3%▲
2021 · -204.7%
Current ratio
0.36▲
2021 · 0.33
Debt to equity
-1.57▼
2021 · -1.49
ROA
31.4%▲
2021 · -40.0%
Interest coverage
311.88▲
2021 · -2.35
Debt
€1.95M▼
2021 · €2.17M
Debt ≤ 1 year
€1.95M▼
2021 · €2.17M
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 · 2022 against 2021 · 40 lines
Balance sheet
Code20212022
Assets
Total assets20/58€713k€709k▼
Fixed assets21/28€678-
Tangible fixed assets22/27€678-
Furniture and vehicles24€678-
Current assets29/58€712k€709k▼
Amounts receivable within one year40/41€703k€709k▲
Trade receivables40€296k€303k▲
Other amounts receivable41€407k€406k▼
Current investments50/53€9k-
Cash at bank and in hand54/58€834€214▼
Equity and liabilities
Total equity and liabilities10/49€713k€709k▼
Equity10/15€-1.46M€-1.24M▲
Contributions10/11€20k€20k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-1.48M€-1.26M▲
Amounts payable17/49€2.17M€1.95M▼
Amounts payable within one year42/48€2.17M€1.95M▼
Trade debts44€4k-
Suppliers440/4€4k-
Taxes, remuneration and social security45€28k€60k▲
Taxes450/3€28k€60k▲
Other amounts payable47/48€2.14M€1.89M▼
Accrued charges and deferred income492/3€3-
Income statement
Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€7k▼
Other operating charges640/8€9k-
Non-recurring operating charges66A€278k-
Gross operating margin9900€106k€230k▲
Operating profit (loss)9901€-212k€224k▲
Financial income75/76B€4k€3▼
Recurring financial income75€4k€3▼
Financial charges65/66B€77k€739▼
Recurring financial charges65€77k€739▼
Profit (loss) for the period before taxes9903€-284k€223k▲
Income taxes67/77€889-
Profit (loss) for the period9904€-285k€223k▲
Profit (loss) for the period to be appropriated9905€-285k€223k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.48M€-1.26M▲
Profit (loss) brought forward from the previous period14P€-1.20M€-1.48M▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €138k | €139k | €126k | €30k | €7k | ▼ 77.3% |
| Other operating charges640/8 | - | - | - | €9k | - | - |
| Non-recurring operating charges66A | - | - | - | €278k | - | - |
| Gross operating margin9900 | €380k | €421k | €365k | €106k | €230k | ▲ 118% |
| Operating profit (loss)9901 | €130k | €158k | €165k | €-212k | €224k | ▲ 206% |
| Financial income75/76B | - | - | - | €4k | €3 | ▼ 99.9% |
| Recurring financial income75 | €6k | €4k | €4k | €4k | €3 | ▼ 99.9% |
| Financial charges65/66B | - | - | - | €77k | €739 | ▼ 99.0% |
| Recurring financial charges65 | €110k | €60k | €87k | €77k | €739 | ▼ 99.0% |
| Profit (loss) for the period before taxes9903 | €26k | €102k | €83k | €-284k | €223k | ▲ 178% |
| Income taxes67/77 | €813 | €16k | €27k | €889 | - | - |
| Profit (loss) for the period9904 | €25k | €86k | €56k | €-285k | €223k | ▲ 178% |
| Profit (loss) for the period to be appropriated9905 | €25k | €86k | €56k | €-285k | €223k | ▲ 178% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.80M | €4.73M | €4.87M | €713k | €709k | ▼ 0.5% |
| Fixed assets21/28 | €4.23M | €4.09M | €3.97M | €678 | - | - |
| Tangible fixed assets22/27 | €4.22M | €4.09M | €3.96M | €678 | - | - |
| Furniture and vehicles24 | - | - | - | €678 | - | - |
| Financial fixed assets28 | €2k | €2k | €2k | - | - | - |
| Current assets29/58 | €575k | €635k | €908k | €712k | €709k | ▼ 0.4% |
| Amounts receivable within one year40/41 | €462k | €629k | €905k | €703k | €709k | ▲ 0.9% |
| Trade receivables40 | - | - | - | €296k | €303k | ▲ 2.4% |
| Other amounts receivable41 | - | - | - | €407k | €406k | ▼ 0.2% |
| Current investments50/53 | €80k | - | - | €9k | - | - |
| Cash at bank and in hand54/58 | €28k | - | €32 | €834 | €214 | ▼ 74.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.80M | €4.73M | €4.87M | €713k | €709k | ▼ 0.5% |
| Equity10/15 | €1.18M | €-1.23M | €-1.17M | €-1.46M | €-1.24M | ▲ 15.3% |
| Contributions10/11 | €2.52M | €20k | - | €20k | €20k | = |
| Reserves13 | - | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | - | - | €2k | €2k | = |
| Reserves not available under the articles1311 | - | - | - | €2k | €2k | = |
| Profit (loss) carried forward14 | €-1.34M | €-1.25M | €-1.20M | €-1.48M | €-1.26M | ▲ 15.0% |
| Amounts payable17/49 | €3.62M | €5.96M | €6.05M | €2.17M | €1.95M | ▼ 10.4% |
| Amounts payable within one year42/48 | €3.62M | €5.96M | €6.04M | €2.17M | €1.95M | ▼ 10.4% |
| Trade debts44 | €9k | €5k | €20k | €4k | - | - |
| Suppliers440/4 | - | - | - | €4k | - | - |
| Taxes, remuneration and social security45 | - | - | - | €28k | €60k | ▲ 116% |
| Taxes450/3 | - | - | - | €28k | €60k | ▲ 116% |
| Other amounts payable47/48 | - | - | - | €2.14M | €1.89M | ▼ 11.9% |
| Accrued charges and deferred income492/3 | - | - | - | €3 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25k | €86k | €56k | €-285k | €223k | ▲ 178% |
| + Depreciation and write-downs630 | €138k | €139k | €126k | €30k | €7k | ▼ 77.3% |
| Operating cash flow (approximation) | €163k | €225k | €182k | €-255k | €230k | ▲ 190% |
| Investment in fixed assets (approximation) | - | €-4k | €0 | €3.93M | - | - |
| Change in cash | - | - | - | €802 | €-620 | ▼ 177% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2023
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 158 days late
14-06
State Gazette act
General meeting · Merger
Accounting effect · Net-asset statement
23-02
State Gazette act
Board meeting · Merger
Accounting effect · Share issue
2022
10-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 102 days late
30-09
Financial
Back to profitnet €223k
Net result €223k after one loss-making year.
2021
31-12
Financial
Weakest financial yearnet €-285k
Net result drops to €-285k, the lowest in the series.
18-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 110 days late
2020
19-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 111 days late
2019
04-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 65 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 56 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 59 days late
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 58 days late
2015
29-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 60 days late
2014
28-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
1 transactionTaken over by:GROUP MINERVA