INCEPTO
InactiveInactive; last annual accounts for fiscal year 2021.
Signals
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 deadline27-09-2026 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
1 d early
2020
192 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 73 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 2021, full schema, statutory accounts
Turnover
€74,240▼ 91.6%
2020 · €882,535
EBIT margin
34.5%▲ 16.2pp
2020 · 18.3%
Net result
€84,425▼ 96.5%
2020 · €2.4m
Working capital
€124,941▼ 97.1%
2020 · €4.3m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2019202020202021
Turnover€864,950-€882,535▲ 2.0%€74,240-
Operating result€167,225-€161,273▼ 3.6%€25,589--€5,073
Net result€113,866-€109,240▼ 4.1%€2.4m-€84,425▼ 96.5%
EBIT margin19.3%-18.3%▼ 1.1pp34.5%-
Equity€5.1m-€5.2m▲ 2.1%€7.6m-€3.4m▼ 55.9%
Total assets€5.1m-€5.3m▲ 2.5%€7.8m-€11.4m▲ 47.3%
Debt€52,313-€73,938▲ 41.3%€130,903-€8.1m▲ 6,068%
Working capital€3.1m-€3.2m▲ 4.0%€4.3m-€124,941▼ 97.1%
Why a figure moved sharply
- 2021 Net result -97% on 2020. The previous fiscal year ran 6 months, this one 12.
- 2021 Equity -56% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €11.4m
Fixed assets
€3.3m =
Current assets
€8.1m ▲ 82.5%
Equity and liabilities €11.4m
Equity
€3.4m ▼ 55.9%
Debt
€8.1m ▲ 6,068%
Debt's share of the balance-sheet total rises from 1.7% to 70.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€4,895▼
2020 · €25,767
Cash flow
€84,603▼
2020 · €2.4m
Current ratio
1.02▼
2020 · 34.00
Debt to equity
2.40
ROE
2.5%▼
2020 · 31.9%
ROA
0.7%▼
2020 · 31.4%
Interest coverage
-0.05
Debt ≤ 1 year
€8.0m▲
2020 · €130,903
Income taxes
€28,015▲
2020 · €24,331
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Turnover70 | €864,950 | €882,535 | €74,240 | - | - |
| Operating charges60/66A | - | - | - | €5,073 | - |
| Services and other goods61 | - | - | - | €4,794 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,297 | €22,297 | €178 | €178 | = |
| Other operating charges640/8 | - | - | - | €101 | - |
| Operating profit (loss)9901 | €167,225 | €161,273 | €25,589 | -€5,073 | ▼ 120% |
| Financial income75/76B | - | - | - | €220,747 | - |
| Recurring financial income75 | - | - | €2.4m | €220,747 | ▼ 90.9% |
| Income from current assets751 | - | - | - | €220,747 | - |
| Financial charges65/66B | - | - | - | €103,234 | - |
| Recurring financial charges65 | - | €461 | €390 | €103,234 | ▲ 26,353% |
| Debt charges650 | - | - | - | €102,553 | - |
| Other financial charges652/9 | - | - | - | €682 | - |
| Profit (loss) for the period before taxes9903 | €167,225 | €160,812 | €2.5m | €112,439 | ▼ 95.4% |
| Income taxes67/77 | €53,359 | €51,572 | €24,331 | €28,015 | ▲ 15.1% |
| Taxes670/3 | - | - | - | €28,015 | - |
| Profit (loss) for the period9904 | €113,866 | €109,240 | €2.4m | €84,425 | ▼ 96.5% |
| Profit (loss) for the period to be appropriated9905 | €113,866 | €109,240 | €2.4m | €84,425 | ▼ 96.5% |
| Line | 2019 | 2020 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €5.1m | €5.3m | €7.8m | €11.4m | ▲ 47.3% |
| Fixed assets21/28 | €2.0m | €2.0m | €3.3m | €3.3m | = |
| Tangible fixed assets22/27 | €32,188 | €9,891 | €178 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €0 | - |
| Financial fixed assets28 | €2.0m | €2.0m | €3.3m | €3.3m | = |
| Affiliated companies280/1 | - | - | - | €3.3m | - |
| Participating interests280 | - | - | - | €3.3m | - |
| Current assets29/58 | €3.1m | €3.3m | €4.5m | €8.1m | ▲ 82.5% |
| Amounts receivable within one year40/41 | €46,641 | - | €4.4m | €8.0m | ▲ 80.2% |
| Other amounts receivable41 | - | - | - | €8.0m | - |
| Current investments50/53 | €2.0m | €2.0m | - | - | - |
| Cash at bank and in hand54/58 | €1.1m | €1.3m | €10,481 | €96,344 | ▲ 819% |
| Deferred charges and accrued income490/1 | - | - | - | €27,172 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €5.1m | €5.3m | €7.8m | €11.4m | ▲ 47.3% |
| Equity10/15 | €5.1m | €5.2m | €7.6m | €3.4m | ▼ 55.9% |
| Contributions10/11 | €500,000 | €500,000 | €500,000 | €500,000 | = |
| Capital10 | - | - | - | €500,000 | - |
| Issued capital100 | - | - | - | €500,000 | - |
| Reserves13 | €2.1m | €2.1m | €4.4m | €50,000 | ▼ 98.9% |
| Non-distributable reserves130/1 | - | - | - | €50,000 | - |
| Legal reserve130 | - | - | - | €50,000 | - |
| Profit (loss) carried forward14 | €2.5m | €2.7m | €2.7m | €2.8m | ▲ 3.1% |
| Amounts payable17/49 | €52,313 | €73,938 | €130,903 | €8.1m | ▲ 6,068% |
| Amounts payable within one year42/48 | €52,313 | €73,938 | €130,903 | €8.0m | ▲ 6,011% |
| Trade debts44 | €23,306 | €19,265 | - | €802 | - |
| Suppliers440/4 | - | - | - | €802 | - |
| Other amounts payable47/48 | - | - | - | €8.0m | - |
| Accrued charges and deferred income492/3 | - | - | - | €75,380 | - |
| Line | 2019 | 2020 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €113,866 | €109,240 | €2.4m | €84,425 | ▼ 96.5% |
| + Depreciation and write-downs630 | €22,297 | €22,297 | €178 | €178 | = |
| Operating cash flow (approximation) | €136,163 | €131,537 | €2.4m | €84,603 | ▼ 96.5% |
| Investment in fixed assets (approximation) | - | -€9,920 | - | €0 | - |
| Change in cash | - | €190,932 | - | €85,863 | - |
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
2021
31-12
Financial
Weakest financial yearnet €84,425 ▼96.5%
Net result drops to €84,425, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2019net €2.4m ▲2,131%
Net result €2.4m, the highest in the series.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · consolidated
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · consolidated
2018
18-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · consolidated
2017
22-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · consolidated
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 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
2 holdingsOwners 0
No owner stated in the accounts, acts or LEI register we read.
Stated earlier (1)
An older source named these owners; newer accounts no longer list them.
- Sourceown accounts 2021100%
Holdings 2
-
100%
-
100%
According to the 2021 annual accounts of INCEPTO 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.