HEDRA RADIUS
InactiveSignals
Two 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 31-12-2023, 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 · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline01-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 22-06-2023, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
39 d early
2021
34 d early
2020
30 d early
2019
3 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 25 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2022, abbreviated schema
Equity
€2.1m▼ 0.2%
2021 · €2.1m
Total assets
€2.1m▼ 0.2%
2021 · €2.1m
Net result
-€4,350▼ 49.8%
2021 · -€2,903
Working capital
€2.1m▼ 0.3%
2020 · €2.1m
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result-€3,014--€4,002▼ 32.8%-€3,928▲ 1.8%-€2,618▲ 33.3%-€4,051▼ 54.7%
Net result-€2,113--€4,002▼ 89.4%-€4,127▼ 3.1%-€2,903▲ 29.7%-€4,350▼ 49.8%
Equity€2.1m-€2.1m▼ 0.2%€2.1m▼ 0.2%€2.1m▼ 0.1%€2.1m▼ 0.2%
Total assets€2.1m-€2.1m▼ 0.2%€2.1m▼ 0.2%€2.1m▼ 0.2%€2.1m▼ 0.2%
Debt€462-€421▼ 8.9%€430▲ 2.1%€557
Working capital€2.1m-€2.1m▼ 0.2%€2.1m▼ 0.2%€2.1m
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4,051 in 2022 against €2,618 in 2021; the loss grows and 2022 has the lowest result in the available series.
Balance-sheet composition
Equity and liabilities €2.1m
Equity
€2.1m
Debt
€557
Debt finances 0.0% of the balance-sheet total.
Key figures and ratios
Debt to equity
0.00
ROE
-0.2%▼
2021 · -0.1%
ROA
-0.2%▼
2021 · -0.1%
Debt ≤ 1 year
€557
A ratio outside any meaningful range has been withheld (balance sheet total €2.1m, equity €2.1m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €1,042 | €1,202 | ▲ 15.4% |
| Gross operating margin9900 | -€1,846 | -€2,827 | -€2,864 | -€1,576 | -€2,849 | ▼ 80.7% |
| Operating profit (loss)9901 | -€3,014 | -€4,002 | -€3,928 | -€2,618 | -€4,051 | ▼ 54.7% |
| Recurring financial income75 | €1,288 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €285 | €299 | ▲ 5.1% |
| Recurring financial charges65 | €234 | - | €199 | €285 | €299 | ▲ 5.1% |
| Profit (loss) for the period before taxes9903 | -€1,960 | -€4,002 | -€4,127 | -€2,903 | -€4,350 | ▼ 49.8% |
| Income taxes67/77 | €153 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€2,113 | -€4,002 | -€4,127 | -€2,903 | -€4,350 | ▼ 49.8% |
| Profit (loss) for the period to be appropriated9905 | -€2,113 | -€4,002 | -€4,127 | -€2,903 | -€4,350 | ▼ 49.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | ▼ 0.2% |
| Current assets29/58 | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | ▼ 0.2% |
| Amounts receivable within one year40/41 | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | = |
| Other amounts receivable41 | - | - | - | €2.1m | €2.1m | = |
| Cash at bank and in hand54/58 | €46,549 | €41,894 | €37,984 | €34,810 | €30,939 | ▼ 11.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | ▼ 0.2% |
| Equity10/15 | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | ▼ 0.2% |
| Contributions10/11 | €2.0m | €2.0m | - | €2.0m | €2.0m | = |
| Reserves13 | €145,395 | €145,395 | €145,395 | €145,395 | €145,395 | = |
| Non-distributable reserves130/1 | - | - | - | €145,395 | €145,395 | = |
| Reserves not available under the articles1311 | - | - | - | €145,395 | €145,395 | = |
| Profit (loss) carried forward14 | -€2,113 | -€6,115 | -€10,242 | -€13,145 | -€17,496 | ▼ 33.1% |
| Amounts payable17/49 | €462 | €421 | €430 | - | €557 | - |
| Amounts payable within one year42/48 | €462 | €421 | €430 | - | €557 | - |
| Trade debts44 | €462 | €421 | €430 | - | €557 | - |
| Suppliers440/4 | - | - | - | - | €557 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,113 | -€4,002 | -€4,127 | -€2,903 | -€4,350 | ▼ 49.8% |
| Operating cash flow (approximation) | -€2,113 | -€4,002 | -€4,127 | -€2,903 | -€4,350 | ▼ 49.8% |
| Change in cash | - | -€4,655 | -€3,910 | -€3,174 | -€3,872 | ▼ 22.0% |
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
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€4,350
Net result drops to -€4,350, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 3 days late
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
06-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
07-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
25-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
Owners and holdings
1 ownerChain of control
Highest known parent: ASVB België Projectontwikkeling. The sources do not say who stands above it.
Owners 1
-
99.95%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.