IMMO GENAPPE
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 20-03-2024, 133 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2023
133 d early
2022
168 d early
2021
75 d early
2020
31 d early
2019
23 d early
2018
34 d early
2017
on the day
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, full schema
Turnover
€583k
EBIT margin
43.0%
Net result
€150k▼ 64.7%
2022 · €426k
2018: €142k
2019: €66k
2020: €107k
2021: €116k
2022: €426k
2018 → 2023
Working capital
€211k▼ 78.5%
2022 · €981k
2018: €442k
2019: €525k
2020: €637k
2021: €747k
2022: €981k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€106k-€213k▲ 101%€329k▲ 54.3%€755k▲ 129%€905k▲ 19.9%
Operating result€162k-€192k▲ 18.5%€202k▲ 4.9%€630k▲ 212%€256k▼ 59.3%
Net result€66k-€107k▲ 62.6%€116k▲ 8.0%€426k▲ 268%€150k▼ 64.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 59% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.01M
Fixed assets
€694k ▼ 1.0%
Current assets
€314k ▼ 79.5%
Equity and liabilities €1.01M
Equity
€905k ▲ 19.9%
Debt
€103k ▼ 93.5%
Debt's share of the balance-sheet total falls from 67.5% to 10.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€585k▼
2022 · €944k
Cash flow
€479k▼
2022 · €739k
Current ratio
3.05▲
2022 · 2.79
Debt to equity
0.11▼
2022 · 2.08
ROE
16.6%▼
2022 · 56.4%
ROA
14.9%▼
2022 · 18.3%
Interest coverage
9.70▼
2022 · 15.51
Debt ≤ 1 year
€103k▼
2022 · €549k
Income taxes
€55k▼
2022 · €155k
Staff costs
€9k▼
2022 · €45k
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 · 2023 against 2022 · 51 lines
Balance sheet
Code20222023
Assets
Total assets20/58€2.32M€1.01M▼
Formation expenses20€94k-
Fixed assets21/28€701k€694k▼
Tangible fixed assets22/27€701k€694k▼
Land and buildings22€597k€379k▼
Other tangible fixed assets26€103k€315k▲
Current assets29/58€1.53M€314k▼
Amounts receivable within one year40/41€193€313k▲
Trade receivables40€193-
Other amounts receivable41-€313k
Current investments50/53€1.23M-
Cash at bank and in hand54/58€294k€722▼
Deferred charges and accrued income490/1€11k-
Equity and liabilities
Total equity and liabilities10/49€2.32M€1.01M▼
Equity10/15€755k€905k▲
Contributions10/11€299k€299k=
Capital10€299k€299k=
Issued capital100€299k€299k=
Reserves13€23k€23k=
Non-distributable reserves130/1€23k€23k=
Legal reserve130€23k€23k=
Profit (loss) carried forward14€432k€582k▲
Amounts payable17/49€1.57M€103k▼
Amounts payable after more than one year17€1.02M-
Financial debts170/4€1.02M-
Amounts payable within one year42/48€549k€103k▼
Current portion of amounts payable after more than one year42€333k-
Trade debts44€56k€6k▼
Suppliers440/4€56k€6k▼
Taxes, remuneration and social security45€159k€55k▼
Taxes450/3€154k€55k▼
Remuneration and social security454/9€5k-
Other amounts payable47/48€0€42k▲
Accrued charges and deferred income492/3€3k-
Income statement
Code20222023
Remuneration, social security and pensions62€45k€9k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€314k€329k▲
Other operating charges640/8€39k€960▼
Gross operating margin9900€1.03M€595k▼
Operating profit (loss)9901€630k€256k▼
Financial income75/76B€11k€9k▼
Recurring financial income75€11k€9k▼
Financial charges65/66B€61k€60k▼
Recurring financial charges65€61k€60k▼
Profit (loss) for the period before taxes9903€581k€205k▼
Income taxes67/77€155k€55k▼
Profit (loss) for the period9904€426k€150k▼
Profit (loss) for the period to be appropriated9905€426k€150k▼
Appropriation of the result
Profit (loss) to be appropriated9906€454k€582k▲
Profit (loss) brought forward from the previous period14P€28k€432k▲
Transfer to equity691/2€21k-
To the legal reserve6920€21k-
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
18-04
State Gazette act
Board meeting · Merger
Accounting effect · Dissolution
20-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
01-02
State Gazette act
Merger · Capital
Corporate purpose · Accounting effect
2023
13-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €426k ▲268%
Operating result €630k, net result €426k, both a record.
31-12
Financial
Equity above €500kEq €755k ▲129%
5 profitable years in a row build equity to €755k.
17-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200kEq €213k ▲101%
3 profitable years in a row build equity to €213k.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €66k ▼53.7%
Net result drops to €66k, the lowest in the series.
31-12
Financial
Equity above €100kEq €106k ▲164%
2 profitable years in a row build equity to €106k.
Show earlier events
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
31-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
15-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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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:INCLUSIO