IMMO KAROLA
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 31-12-2022, 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 deadline30-09-2026 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 04-07-2022, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
27 d early
2020
286 d late
2019
118 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 126 days after 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 2021, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€1.4m
2020 · €567,733
Working capital
€3.7m▼ 0.9%
2020 · €3.7m
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
Line2018201920202021
Operating result€56,045-€2.3m▲ 3,992%€797,550▼ 65.2%-€30,030
Net result-€43,009-€1.7m€567,733▼ 66.9%-€1.4m
Equity€5.1m-€5.1m▼ 0.6%€4.4m▼ 12.8%€3.0m▼ 32.3%
Total assets€7.2m-€7.6m▲ 6.1%€7.8m▲ 2.8%€5.0m▼ 35.7%
Debt€1.8m-€1.8m▼ 1.1%€2.4m▲ 37.0%€1.1m▼ 55.3%
Working capital-€1.6m-€2.4m€3.7m▲ 54.7%€3.7m▼ 0.9%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €30,030 after €797,550 in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €5.0m
Fixed assets
€1.2m ▼ 54.2%
Current assets
€3.8m ▼ 26.1%
Equity and liabilities €5.0m
Equity
€3.0m ▼ 32.3%
Provisions
€937,714 ▼ 1.0%
Debt
€1.1m ▼ 55.3%
Debt's share of the balance-sheet total falls from 31.3% to 21.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€65,522▼
2020 · €893,158
Cash flow
-€1.3m▼
2020 · €663,341
Current ratio
45.20▲
2020 · 3.70
Debt to equity
0.37▼
2020 · 0.55
ROE
-47.7%▼
2020 · 12.9%
ROA
-28.4%▼
2020 · 7.3%
Interest coverage
1.26▼
2020 · 32.68
Debt ≤ 1 year
€83,987▼
2020 · €1.4m
Debt > 1 year
€1.0m▼
2020 · €1.1m
Income taxes
€37▲
2020 · €0
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 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €853,580 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €177,832 | €147,486 | €95,608 | €95,552 | ▼ 0.1% |
| Other operating charges640/8 | - | - | €36,594 | €17,164 | ▼ 53.1% |
| Gross operating margin9900 | €278,815 | €2.5m | €929,752 | €82,686 | ▼ 91.1% |
| Operating profit (loss)9901 | €56,045 | €2.3m | €797,550 | -€30,030 | ▼ 104% |
| Financial income75/76B | - | - | €1,501 | €0 | ▼ 100% |
| Recurring financial income75 | €11,954 | €20 | €1,501 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | €27,330 | €1.4m | ▲ 5,034% |
| Recurring financial charges65 | €120,755 | €28,086 | €27,330 | €52,075 | ▲ 90.5% |
| Non-recurring financial charges66B | - | - | - | €1.4m | - |
| Profit (loss) for the period before taxes9903 | -€52,756 | €2.3m | €771,721 | -€1.4m | ▼ 286% |
| Transfer from deferred taxes780 | - | - | €9,407 | €9,342 | ▼ 0.7% |
| Transfer to deferred taxes680 | - | - | €213,395 | €0 | ▼ 100% |
| Income taxes67/77 | €165 | €264 | €0 | €37 | - |
| Profit (loss) for the period9904 | -€43,009 | €1.7m | €567,733 | -€1.4m | ▼ 351% |
| Transfer from tax-exempt reserves789 | - | - | €28,221 | €28,027 | ▼ 0.7% |
| Transfer to tax-exempt reserves689 | - | - | €640,185 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | -€23,759 | €55,611 | -€44,231 | -€1.4m | ▼ 3,056% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €7.2m | €7.6m | €7.8m | €5.0m | ▼ 35.7% |
| Fixed assets21/28 | €7.0m | €4.5m | €2.7m | €1.2m | ▼ 54.2% |
| Tangible fixed assets22/27 | €5.6m | €3.1m | €1.3m | €1.2m | ▼ 7.1% |
| Land and buildings22 | - | - | €1.3m | €1.2m | ▼ 7.1% |
| Plant, machinery and equipment23 | - | - | €62 | €0 | ▼ 100% |
| Financial fixed assets28 | €1.4m | €1.4m | €1.4m | €126 | ▼ 100.0% |
| Current assets29/58 | €156,768 | €3.1m | €5.1m | €3.8m | ▼ 26.1% |
| Amounts receivable within one year40/41 | €152,371 | €3.1m | €5.1m | €3.8m | ▼ 26.1% |
| Trade receivables40 | - | - | €74,125 | €73,616 | ▼ 0.7% |
| Other amounts receivable41 | - | - | €5.0m | €3.7m | ▼ 26.5% |
| Cash at bank and in hand54/58 | €4,397 | €23,551 | €11,260 | €10,004 | ▼ 11.2% |
| Deferred charges and accrued income490/1 | - | - | €4,464 | €2,669 | ▼ 40.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €7.2m | €7.6m | €7.8m | €5.0m | ▼ 35.7% |
| Equity10/15 | €5.1m | €5.1m | €4.4m | €3.0m | ▼ 32.3% |
| Contributions10/11 | €1.7m | €1.7m | €1.7m | €1.7m | = |
| Capital10 | - | - | €1.7m | €1.7m | = |
| Issued capital100 | - | - | €1.7m | €1.7m | = |
| Revaluation surpluses12 | - | - | €0 | - | - |
| Reserves13 | €505,192 | €2.2m | €2.8m | €2.8m | ▼ 1.0% |
| Tax-exempt reserves132 | - | - | €2.8m | €2.8m | ▼ 1.0% |
| Distributable reserves133 | - | - | €1,638 | €1,638 | = |
| Profit (loss) carried forward14 | -€103,364 | -€47,752 | -€91,983 | -€1.5m | ▼ 1,517% |
| Provisions and deferred taxes16 | €259,291 | €743,068 | €947,056 | €937,714 | ▼ 1.0% |
| Deferred taxes168 | - | - | €947,056 | €937,714 | ▼ 1.0% |
| Amounts payable17/49 | €1.8m | €1.8m | €2.4m | €1.1m | ▼ 55.3% |
| Amounts payable after more than one year17 | - | €1.1m | €1.1m | €1.0m | ▼ 4.4% |
| Financial debts170/4 | - | - | €1.0m | €1.0m | ▼ 4.5% |
| Other amounts payable178/9 | - | - | €3,829 | €5,509 | ▲ 43.9% |
| Amounts payable within one year42/48 | €1.8m | €696,860 | €1.4m | €83,987 | ▼ 94.0% |
| Current portion of amounts payable after more than one year42 | - | - | €46,407 | €47,550 | ▲ 2.5% |
| Trade debts44 | €39,673 | €48,357 | €11,128 | €26,202 | ▲ 135% |
| Suppliers440/4 | - | - | €11,128 | €26,202 | ▲ 135% |
| Taxes, remuneration and social security45 | - | - | €0 | €10,235 | - |
| Taxes450/3 | - | - | €0 | €10,235 | - |
| Other amounts payable47/48 | - | - | €1.3m | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€43,009 | €1.7m | €567,733 | -€1.4m | ▼ 351% |
| + Depreciation and write-downs630 | €177,832 | €147,486 | €95,608 | €95,552 | ▼ 0.1% |
| Operating cash flow (approximation) | €134,822 | €1.9m | €663,341 | -€1.3m | ▼ 300% |
| Investment in fixed assets (approximation) | - | €2.4m | €1.7m | €1.3m | ▼ 21.1% |
| Change in cash | - | €19,154 | -€12,292 | -€1,255 | ▲ 89.8% |
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
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
13-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 286 days late
2021
31-12
Financial
Weakest financial yearnet -€1.4m
Net result drops to -€1.4m, the lowest in the series.
31-12
Financial
Liquidity times 12current ratio 45.20
Current ratio from 3.70 to 45.20; short-term debt falls from €1.4m to €83,987.
2020
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 118 days late
2019
31-12
Financial
Back to profitnet €1.7m
Net result €1.7m after one loss-making year.
31-12
Financial
Liquidity times 51current ratio 4.48
Current ratio from 0.09 to 4.48; short-term debt falls from €1.8m to €696,860.
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 92 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
2015
28-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
06-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
20-06
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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 holdingOwners 0
The accounts to 31-12-2021 list no shareholders, and no other source names one.
Holdings 1
-
35.07%
According to the 2021 annual accounts of IMMO KAROLA and those 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.