KARMA CONSULTING
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 deadline28-09-2026 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 30-06-2022, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
31 d early
2020
6 d late
2019
3 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 7 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, micro schema
Equity
€1.4m▲ 8.9%
2020 · €1.3m
Total assets
€1.4m▲ 3.5%
2020 · €1.4m
Net result
€114,501▼ 10.9%
2020 · €128,520
Working capital
€1.0m▲ 19.4%
2019 · €848,489
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
Line2018201920202021
Operating result€193,871-€190,581▼ 1.7%€190,979▲ 0.2%€168,522▼ 11.8%
Net result€79,218-€135,433▲ 71.0%€128,520▼ 5.1%€114,501▼ 10.9%
Equity€1.0m-€1.2m▲ 13.2%€1.3m▲ 11.1%€1.4m▲ 8.9%
Total assets€2.5m-€1.2m▼ 51.5%€1.4m▲ 11.6%€1.4m▲ 3.5%
Debt€1.5m-€53,881▼ 96.4%€66,619▲ 23.6%
Working capital€699,812-€848,489▲ 21.2%€1.0m▲ 19.4%
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 2021; 2021 is 12% below 2020 and is the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €1.4m
Fixed assets
€51,499 ▼ 81.3%
Current assets
€1.4m ▲ 25.2%
Key figures and ratios
EBITDA
€172,089▼
2020 · €226,917
Cash flow
€118,068▼
2020 · €164,458
Solvency
100.0%▲
2020 · 95.1%
ROE
8.2%▼
2020 · 10.0%
ROA
8.2%▼
2020 · 9.5%
Interest coverage
108.26
Income taxes
€54,787▼
2020 · €62,009
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 | - | - | - | €3,719 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,006 | €33,203 | €35,938 | €3,567 | ▼ 90.1% |
| Other operating charges640/8 | - | - | - | €4,962 | - |
| Gross operating margin9900 | €233,767 | €234,163 | €232,434 | €177,051 | ▼ 23.8% |
| Operating profit (loss)9901 | €193,871 | €190,581 | €190,979 | €168,522 | ▼ 11.8% |
| Financial income75/76B | - | - | - | €2,355 | - |
| Recurring financial income75 | €3,718 | €13,500 | - | €2,355 | - |
| Financial charges65/66B | - | - | - | €1,590 | - |
| Recurring financial charges65 | €51,383 | €238 | €450 | €1,590 | ▲ 253% |
| Profit (loss) for the period before taxes9903 | €146,206 | €205,661 | €190,529 | €169,288 | ▼ 11.1% |
| Income taxes67/77 | €66,987 | €70,228 | €62,009 | €54,787 | ▼ 11.6% |
| Profit (loss) for the period9904 | €79,218 | €135,433 | €128,520 | €114,501 | ▼ 10.9% |
| Profit (loss) for the period to be appropriated9905 | €79,218 | €135,433 | €128,520 | €114,501 | ▼ 10.9% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €2.5m | €1.2m | €1.4m | €1.4m | ▲ 3.5% |
| Fixed assets21/28 | €324,916 | €311,672 | €275,734 | €51,499 | ▼ 81.3% |
| Tangible fixed assets22/27 | €324,866 | €311,622 | €275,684 | €51,449 | ▼ 81.3% |
| Plant, machinery and equipment23 | - | - | - | €1,939 | - |
| Furniture and vehicles24 | - | - | - | €49,510 | - |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €2.2m | €902,369 | €1.1m | €1.4m | ▲ 25.2% |
| Amounts receivable within one year40/41 | €66,505 | €61,533 | €25,730 | €245,556 | ▲ 854% |
| Trade receivables40 | - | - | - | €178 | - |
| Other amounts receivable41 | - | - | - | €245,378 | - |
| Current investments50/53 | €436,457 | - | - | - | - |
| Cash at bank and in hand54/58 | €1.7m | €837,670 | €1.1m | €1.1m | ▲ 5.1% |
| Deferred charges and accrued income490/1 | - | - | - | €1,743 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €2.5m | €1.2m | €1.4m | €1.4m | ▲ 3.5% |
| Equity10/15 | €1.0m | €1.2m | €1.3m | €1.4m | ▲ 8.9% |
| Contributions10/11 | €6,197 | €6,197 | - | €6,197 | - |
| Reserves13 | €1.0m | €1.2m | €1.3m | €1.4m | ▲ 8.9% |
| Non-distributable reserves130/1 | - | - | - | €145,859 | - |
| Reserves not available under the articles1311 | - | - | - | €145,859 | - |
| Distributable reserves133 | - | - | - | €1.3m | - |
| Amounts payable17/49 | €1.5m | €53,881 | €66,619 | - | - |
| Amounts payable within one year42/48 | €1.5m | €53,881 | €66,365 | - | - |
| Trade debts44 | €432 | €39 | €277 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €79,218 | €135,433 | €128,520 | €114,501 | ▼ 10.9% |
| + Depreciation and write-downs630 | €33,006 | €33,203 | €35,938 | €3,567 | ▼ 90.1% |
| Operating cash flow (approximation) | €112,225 | €168,637 | €164,458 | €118,068 | ▼ 28.2% |
| Investment in fixed assets (approximation) | - | -€19,960 | €0 | €220,668 | - |
| Change in cash | - | -€835,816 | €212,912 | €53,802 | ▼ 74.7% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 6 days late
2020
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
31-12
Financial
Highest result since 2018net €135,433 ▲71%
Net result €135,433, the highest in the series.
31-12
Financial
Liquidity times 11current ratio 16.75
Current ratio from 1.47 to 16.75; short-term debt falls from €1.5m to €53,881.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
08-02
State Gazette act
General meeting · Director appointment
Permanent representative · Mandate compensation
2016
17-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 17 days late
2015
27-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
18-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
05-11
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 97 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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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