JANE
InactiveInactive; last annual accounts for fiscal year 2022.
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 31-12-2023, 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 · 4 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline30-09-2026 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 06-04-2023, 116 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
116 d early
2021
101 d early
2020
101 d early
2019
95 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 103 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)
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Which other companies belong to the same group?BELFIUS BANK · 47 companies
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, full schema
Turnover
€50,015▲ 1,904%
2020 · €2,496
EBIT margin
-4500.2%▲ 103976.6pp
2020 · -108476.9%
Net result
-€3.4m▼ 51.6%
2021 · -€2.3m
Working capital
€515,184▼ 57.7%
2021 · €1.2m
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
Line2019202020212022
Turnover€38,699-€2,496▼ 93.6%€50,015▲ 1,904%
Operating result-€12.2m--€2.7m▲ 77.7%-€2.3m▲ 16.9%-€3.4m▼ 50.6%
Net result-€12.2m--€2.7m▲ 77.7%-€2.3m▲ 16.8%-€3.4m▼ 51.6%
EBIT margin-31416.3%--108476.9%▼ 77060.6pp-4500.2%▲ 103976.6pp
Equity€3.0m-€3.3m▲ 9.7%€4.0m▲ 22.8%€595,683▼ 85.2%
Total assets€4.0m-€3.9m▼ 1.8%€4.4m▲ 13.2%€2.0m▼ 54.1%
Debt€984,742-€623,533▼ 36.7%€394,634▼ 36.7%€1.4m▲ 262%
Working capital-€35,960-€108,138€1.2m▲ 1,027%€515,184▼ 57.7%
Staff (FTE)3.3-3▼ 9.1%2.3▼ 23.3%2.5▲ 8.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3.4m in 2022 against €2.3m in 2021; the loss grows.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €2.0m
Fixed assets
€1.3m ▼ 52.7%
Current assets
€701,509 ▼ 56.4%
Equity and liabilities €2.0m
Equity
€595,683 ▼ 85.2%
Provisions
€1,923 ▲ 89.6%
Debt
€1.4m ▲ 262%
Debt's share of the balance-sheet total rises from 8.9% to 70.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€1.3m▼
2021 · -€951,387
Cash flow
-€1.3m▼
2021 · -€955,304
Current ratio
3.76▼
2021 · 4.11
Quick ratio
1.24▼
2021 · 2.78
Debt to equity
2.40▲
2021 · 0.10
ROE
-573.9%▼
2021 · -56.2%
ROA
-168.9%▼
2021 · -51.1%
Interest coverage
-40.87▲
2021 · -338.93
Debt ≤ 1 year
€186,325▼
2021 · €392,236
Debt > 1 year
€1.2m
Income taxes
€68▼
2021 · €1,201
Staff costs
€285,840▼
2021 · €302,823
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Turnover70 | €38,699 | €2,496 | €50,015 | - | - |
| Non-recurring operating income76A | - | - | €180,159 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €1.8m | - | - |
| Remuneration, social security and pensions62 | - | - | €302,823 | €285,840 | ▼ 5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9.7m | €1.1m | €1.3m | €2.1m | ▲ 63.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €7,419 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | -€1,055 | €909 | ▲ 186% |
| Gross operating margin9900 | -€2.1m | -€1.2m | -€649,619 | -€964,657 | ▼ 48.5% |
| Operating profit (loss)9901 | -€12.2m | -€2.7m | -€2.3m | -€3.4m | ▼ 50.6% |
| Financial income75/76B | - | - | €91 | €1,214 | ▲ 1,234% |
| Recurring financial income75 | €698 | €42 | €91 | €1,214 | ▲ 1,234% |
| Financial charges65/66B | - | - | €2,807 | €30,797 | ▲ 997% |
| Recurring financial charges65 | €9,675 | €2,430 | €2,807 | €30,797 | ▲ 997% |
| Profit (loss) for the period before taxes9903 | -€12.2m | -€2.7m | -€2.3m | -€3.4m | ▼ 51.7% |
| Income taxes67/77 | - | €746 | €1,201 | €68 | ▼ 94.3% |
| Profit (loss) for the period9904 | -€12.2m | -€2.7m | -€2.3m | -€3.4m | ▼ 51.6% |
| Profit (loss) for the period to be appropriated9905 | -€12.2m | -€2.7m | -€2.3m | -€3.4m | ▼ 51.6% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €4.0m | €3.9m | €4.4m | €2.0m | ▼ 54.1% |
| Fixed assets21/28 | €3.0m | €3.2m | €2.8m | €1.3m | ▼ 52.7% |
| Intangible fixed assets21 | €3.0m | €3.2m | €2.8m | €1.3m | ▼ 52.9% |
| Tangible fixed assets22/27 | €7,774 | €5,660 | €1,477 | €4,576 | ▲ 210% |
| Furniture and vehicles24 | - | - | €1,477 | €4,576 | ▲ 210% |
| Financial fixed assets28 | €10,000 | - | - | - | - |
| Current assets29/58 | €948,782 | €731,671 | €1.6m | €701,509 | ▼ 56.4% |
| Stocks and contracts in progress3 | €460,884 | €536,939 | €521,804 | €471,368 | ▼ 9.7% |
| Stocks30/36 | - | - | €521,804 | €471,368 | ▼ 9.7% |
| Amounts receivable within one year40/41 | €108,478 | €35,301 | €262,523 | €60,734 | ▼ 76.9% |
| Trade receivables40 | - | - | €46,830 | €50,288 | ▲ 7.4% |
| Other amounts receivable41 | - | - | €215,693 | €10,446 | ▼ 95.2% |
| Cash at bank and in hand54/58 | €166,312 | €158,765 | €826,068 | €166,956 | ▼ 79.8% |
| Deferred charges and accrued income490/1 | - | - | €262 | €2,451 | ▲ 835% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €4.0m | €3.9m | €4.4m | €2.0m | ▼ 54.1% |
| Equity10/15 | €3.0m | €3.3m | €4.0m | €595,683 | ▼ 85.2% |
| Contributions10/11 | €15.1m | €18.1m | €6.8m | €6.8m | = |
| Capital10 | - | - | €6.8m | €6.8m | = |
| Issued capital100 | - | - | €6.8m | €6.8m | = |
| Profit (loss) carried forward14 | -€12.2m | -€14.9m | -€2.8m | -€6.2m | ▼ 124% |
| Provisions and deferred taxes16 | €2,069 | €2,069 | €1,014 | €1,923 | ▲ 89.6% |
| Provisions for liabilities and charges160/5 | - | - | €1,014 | €1,923 | ▲ 89.6% |
| Other liabilities and charges164/5 | - | - | €1,014 | €1,923 | ▲ 89.6% |
| Amounts payable17/49 | €984,742 | €623,533 | €394,634 | €1.4m | ▲ 262% |
| Amounts payable after more than one year17 | - | - | - | €1.2m | - |
| Financial debts170/4 | - | - | - | €1.2m | - |
| Amounts payable within one year42/48 | €984,742 | €623,533 | €392,236 | €186,325 | ▼ 52.5% |
| Financial debts43 | - | - | €100,121 | - | - |
| Credit institutions430/8 | - | - | €100,121 | - | - |
| Trade debts44 | €960,533 | €586,264 | €248,389 | €151,415 | ▼ 39.0% |
| Suppliers440/4 | - | - | €248,389 | €151,415 | ▼ 39.0% |
| Advances received on contracts in progress46 | - | - | €10,000 | - | - |
| Taxes, remuneration and social security45 | - | - | €33,726 | €34,910 | ▲ 3.5% |
| Taxes450/3 | - | - | €1,595 | €1,186 | ▼ 25.6% |
| Remuneration and social security454/9 | - | - | €32,131 | €33,724 | ▲ 5.0% |
| Accrued charges and deferred income492/3 | - | - | €2,398 | €40,462 | ▲ 1,587% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12.2m | -€2.7m | -€2.3m | -€3.4m | ▼ 51.6% |
| + Depreciation and write-downs630 | €9.7m | €1.1m | €1.3m | €2.1m | ▲ 63.9% |
| Operating cash flow (approximation) | -€2.5m | -€1.6m | -€955,304 | -€1.3m | ▼ 34.9% |
| Investment in fixed assets (approximation) | - | -€1.2m | -€935,755 | -€653,734 | ▲ 30.1% |
| Change in cash | - | -€7,547 | €667,303 | -€659,112 | ▼ 199% |
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
06-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
21-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Liquidity triplescurrent ratio 4.11
Current ratio from 1.17 to 4.11; short-term debt falls from €623,533 to €392,236.
21-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
27-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 22 acts read
About the unread acts
We know of 22 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
Part of the group
BELFIUS BANK
47 companies
Group, risk and exposure
Owners and holdings
2 ownersChain of control
Highest known parent: BELFIUS BANK. The sources do not say who stands above it.
Owners 2
- BELFIUS VERZEKERINGENparentSourceown accounts 202292.67%
- The Boston Consultong Groupe incUSSourceown accounts 20227.33%
Holdings 0
The accounts to 31-12-2022 list no holdings, and no other source names one.
According to the 2022 annual accounts of JANE 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.