JAVA-SIM
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 · 7 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 31-07-2023, 0 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
on the day
2021
92 d late
2020
30 d late
2019
98 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 55 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 2022, micro schema
Equity
€438,827▲ 76.7%
2021 · €248,292
Total assets
€508,115▼ 27.1%
2021 · €697,416
Net result
€190,535▼ 12.0%
2021 · €216,637
Working capital
€438,827▲ 85.7%
2021 · €236,357
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
Line20182019202020212022
Operating result€26,483-€37,508▲ 41.6%-€45,830€241,951€230,469▼ 4.7%
Net result€13,712-€26,969▲ 96.7%-€32,623€216,637€190,535▼ 12.0%
Equity€37,308-€64,277▲ 72.3%€31,655▼ 50.8%€248,292▲ 684%€438,827▲ 76.7%
Total assets€497,619-€490,043▼ 1.5%€431,737▼ 11.9%€697,416▲ 61.5%€508,115▼ 27.1%
Debt€460,311-€425,766▼ 7.5%€400,082▼ 6.0%€449,124▲ 12.3%€69,289▼ 84.6%
Working capital-€80,260--€33,626▲ 58.1%-€37,530▼ 11.6%€236,357€438,827▲ 85.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2022; 2022 is 5% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Equity and liabilities €508,115
Equity
€438,827 ▲ 76.7%
Debt
€69,289 ▼ 84.6%
Debt's share of the balance-sheet total falls from 64.4% to 13.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€230,469▼
2021 · €289,200
Cash flow
€190,535▼
2021 · €263,886
Current ratio
7.33▲
2021 · 2.92
Debt to equity
0.16▼
2021 · 1.81
ROE
43.4%▼
2021 · 87.3%
ROA
37.5%▲
2021 · 31.1%
Interest coverage
55.81▲
2021 · 43.69
Debt ≤ 1 year
€69,289▼
2021 · €122,935
Debt > 1 year
€0▼
2021 · €326,189
Income taxes
€35,833▲
2021 · €18,724
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €335,000 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €47,063 | €49,893 | €49,781 | €47,249 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €2,733 | €761 | ▼ 72.2% |
| Gross operating margin9900 | €76,334 | €90,624 | €7,105 | €291,933 | €231,230 | ▼ 20.8% |
| Operating profit (loss)9901 | €26,483 | €37,508 | -€45,830 | €241,951 | €230,469 | ▼ 4.7% |
| Financial income75/76B | - | - | - | €29 | €29 | ▼ 1.4% |
| Recurring financial income75 | €0 | €10,159 | €20,012 | €29 | €29 | ▼ 1.4% |
| Financial charges65/66B | - | - | - | €6,619 | €4,129 | ▼ 37.6% |
| Recurring financial charges65 | €7,785 | €7,129 | €6,671 | €6,619 | €4,129 | ▼ 37.6% |
| Profit (loss) for the period before taxes9903 | €18,699 | €40,537 | -€32,488 | €235,361 | €226,368 | ▼ 3.8% |
| Income taxes67/77 | €4,987 | €13,569 | €134 | €18,724 | €35,833 | ▲ 91.4% |
| Profit (loss) for the period9904 | €13,712 | €26,969 | -€32,623 | €216,637 | €190,535 | ▼ 12.0% |
| Profit (loss) for the period to be appropriated9905 | €13,712 | €26,969 | -€32,623 | €216,637 | €190,535 | ▼ 12.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €497,619 | €490,043 | €431,737 | €697,416 | €508,115 | ▼ 27.1% |
| Fixed assets21/28 | €479,480 | €442,179 | €395,374 | €338,124 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €469,480 | €432,179 | €385,374 | €338,124 | €0 | ▼ 100% |
| Land and buildings22 | - | - | - | €332,543 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | €2,392 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €3,189 | €0 | ▼ 100% |
| Financial fixed assets28 | €10,000 | €10,000 | €10,000 | - | - | - |
| Current assets29/58 | €18,140 | €47,864 | €36,363 | €359,291 | €508,115 | ▲ 41.4% |
| Amounts receivable within one year40/41 | €11,327 | €12,646 | €33,200 | €6,425 | €955 | ▼ 85.1% |
| Trade receivables40 | - | - | - | €2,200 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €4,225 | €955 | ▼ 77.4% |
| Cash at bank and in hand54/58 | €6,812 | €34,767 | €2,418 | €352,393 | €507,160 | ▲ 43.9% |
| Deferred charges and accrued income490/1 | - | - | - | €474 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €497,619 | €490,043 | €431,737 | €697,416 | €508,115 | ▼ 27.1% |
| Equity10/15 | €37,308 | €64,277 | €31,655 | €248,292 | €438,827 | ▲ 76.7% |
| Contributions10/11 | €18,550 | €18,550 | - | €18,550 | €18,550 | = |
| Reserves13 | €17,855 | €43,855 | €43,855 | €229,742 | €420,277 | ▲ 82.9% |
| Non-distributable reserves130/1 | - | - | - | €1,855 | €1,855 | = |
| Reserves not available under the articles1311 | - | - | - | €1,855 | €1,855 | = |
| Distributable reserves133 | - | - | - | €227,887 | €418,422 | ▲ 83.6% |
| Profit (loss) carried forward14 | €903 | €1,872 | -€30,750 | - | - | - |
| Amounts payable17/49 | €460,311 | €425,766 | €400,082 | €449,124 | €69,289 | ▼ 84.6% |
| Amounts payable after more than one year17 | €361,911 | €344,275 | €326,189 | €326,189 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | €326,189 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €98,400 | €81,491 | €73,893 | €122,935 | €69,289 | ▼ 43.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €9,100 | €0 | ▼ 100% |
| Trade debts44 | €715 | €1,273 | €2,093 | €1,032 | €1,593 | ▲ 54.3% |
| Suppliers440/4 | - | - | - | €1,032 | €1,593 | ▲ 54.3% |
| Advances received on contracts in progress46 | - | - | - | €750 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €22,463 | €56,993 | ▲ 154% |
| Taxes450/3 | - | - | - | €22,463 | €56,993 | ▲ 154% |
| Other amounts payable47/48 | - | - | - | €89,590 | €10,703 | ▼ 88.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,712 | €26,969 | -€32,623 | €216,637 | €190,535 | ▼ 12.0% |
| + Depreciation and write-downs630 | €47,063 | €49,893 | €49,781 | €47,249 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €60,775 | €76,862 | €17,159 | €263,886 | €190,535 | ▼ 27.8% |
| Investment in fixed assets (approximation) | - | -€12,593 | -€2,976 | €10,000 | €338,124 | ▲ 3,281% |
| Change in cash | - | €27,955 | -€32,349 | €349,975 | €154,767 | ▼ 55.8% |
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
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 7.33
Current ratio from 2.92 to 7.33; short-term debt falls from €122,935 to €69,289.
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
2021
31-12
Financial
Back to profitnet €216,637
Net result €216,637 after one loss-making year.
31-12
Financial
Liquidity times 6current ratio 2.92
Current ratio from 0.49 to 2.92.
31-12
Financial
Equity above €200,000Eq €248,292 ▲684%
Equity rises from €31,655 to €248,292.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet -€32,623
Net result drops to -€32,623, the lowest in the series.
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 98 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
-
50%
According to the 2021 annual accounts of JAVA-SIM 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.