KEMEL CONSULT
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 30-06-2023, 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 · 10 filingsPosition against the passed deadline
30-06-2023 close31-01-2024 deadline30-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2022 was due by 31-01-2023 and was filed on 31-01-2023, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
on the day
2021
5 d early
2020
2 d early
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 2 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 2022, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€16,279▲ 69.2%
2021 · -€52,856
Working capital
€9,082▲ 484%
2021 · €1,556
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
Operating result-€27,114-€9,508-€51,052-€8,697▲ 83.0%
Net result-€29,849-€7,030-€52,856-€16,279▲ 69.2%
Equity-€504,600--€550,426-€566,705▼ 3.0%
Total assets€35,751-€51,589▲ 44.3%€17,422▼ 66.2%€33,827▲ 94.2%
Debt€540,351-€549,159▲ 1.6%€567,848▲ 3.4%€600,532▲ 5.8%
Working capital€7,053-€49,915▲ 608%€1,556▼ 96.9%€9,082▲ 484%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8,697 in 2022 against €51,052 in 2021; the loss shrinks.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €33,827
Fixed assets
€12,349 ▲ 114%
Current assets
€21,478 ▲ 84.5%
Key figures and ratios
EBITDA
-€4,647▲
2021 · -€49,657
Cash flow
-€12,229▲
2021 · -€51,461
Current ratio
1.73▲
2021 · 1.15
Debt to equity
-1.06▼
2021 · -1.01
ROA
-48.1%▲
2021 · -303.4%
Interest coverage
-1.64
Debt ≤ 1 year
€12,396▲
2021 · €10,083
Debt > 1 year
€587,636▲
2021 · €557,265
Income taxes
€4,748▲
2021 · €1,220
Staff costs
€1,867
A ratio outside any meaningful range has been withheld (balance sheet total €33,827, equity -€566,705).
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 |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €1,867 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €342 | €342 | €1,395 | €4,050 | ▲ 190% |
| Other operating charges640/8 | - | €725 | - | €524 | - |
| Gross operating margin9900 | -€20,249 | €10,575 | -€49,052 | -€2,256 | ▲ 95.4% |
| Operating profit (loss)9901 | -€27,114 | €9,508 | -€51,052 | -€8,697 | ▲ 83.0% |
| Financial charges65/66B | - | €1,401 | - | €2,834 | - |
| Recurring financial charges65 | €1,932 | €1,401 | €584 | €2,834 | ▲ 385% |
| Profit (loss) for the period before taxes9903 | -€29,046 | €8,107 | -€51,636 | -€11,531 | ▲ 77.7% |
| Income taxes67/77 | €804 | €1,077 | €1,220 | €4,748 | ▲ 289% |
| Profit (loss) for the period9904 | -€29,849 | €7,030 | -€52,856 | -€16,279 | ▲ 69.2% |
| Profit (loss) for the period to be appropriated9905 | -€29,849 | €7,030 | -€52,856 | -€16,279 | ▲ 69.2% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €35,751 | €51,589 | €17,422 | €33,827 | ▲ 94.2% |
| Fixed assets21/28 | €939 | €597 | €5,783 | €12,349 | ▲ 114% |
| Tangible fixed assets22/27 | €684 | €342 | €5,528 | €12,093 | ▲ 119% |
| Plant, machinery and equipment23 | - | - | - | €4,212 | - |
| Furniture and vehicles24 | - | €342 | - | €7,881 | - |
| Financial fixed assets28 | €255 | €255 | €255 | €255 | = |
| Current assets29/58 | €34,812 | €50,992 | €11,639 | €21,478 | ▲ 84.5% |
| Amounts receivable within one year40/41 | €34,812 | €50,447 | €11,212 | €20,452 | ▲ 82.4% |
| Trade receivables40 | - | €50,017 | - | €20,452 | - |
| Other amounts receivable41 | - | €430 | - | - | - |
| Cash at bank and in hand54/58 | - | €545 | €427 | €1 | ▼ 99.7% |
| Deferred charges and accrued income490/1 | - | - | - | €1,025 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €35,751 | €51,589 | €17,422 | €33,827 | ▲ 94.2% |
| Equity10/15 | -€504,600 | - | -€550,426 | -€566,705 | ▼ 3.0% |
| Contributions10/11 | €1.8m | €1.8m | €1.8m | €1.8m | = |
| Capital10 | - | €1.8m | - | €1.8m | - |
| Issued capital100 | - | €1.8m | - | €1.8m | - |
| Reserves13 | €23,447 | €23,447 | €23,447 | €23,447 | = |
| Non-distributable reserves130/1 | - | €21,178 | - | €21,178 | - |
| Legal reserve130 | - | €21,178 | - | €21,178 | - |
| Tax-exempt reserves132 | - | €2,269 | - | €2,269 | - |
| Profit (loss) carried forward14 | -€2.4m | -€2.4m | -€2.4m | -€2.4m | ▼ 0.7% |
| Amounts payable17/49 | €540,351 | €549,159 | €567,848 | €600,532 | ▲ 5.8% |
| Amounts payable after more than one year17 | €512,092 | €547,582 | €557,265 | €587,636 | ▲ 5.4% |
| Other amounts payable178/9 | - | €547,582 | - | €587,636 | - |
| Amounts payable within one year42/48 | €27,759 | €1,077 | €10,083 | €12,396 | ▲ 22.9% |
| Trade debts44 | €24,918 | - | €6,847 | €9,325 | ▲ 36.2% |
| Suppliers440/4 | - | - | - | €9,325 | - |
| Taxes, remuneration and social security45 | - | €1,077 | - | €3,070 | - |
| Taxes450/3 | - | €1,077 | - | €3,070 | - |
| Other amounts payable47/48 | - | - | - | €0 | - |
| Accrued charges and deferred income492/3 | - | €500 | - | €500 | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€29,849 | €7,030 | -€52,856 | -€16,279 | ▲ 69.2% |
| + Depreciation and write-downs630 | €342 | €342 | €1,395 | €4,050 | ▲ 190% |
| Operating cash flow (approximation) | -€29,508 | €7,372 | -€51,461 | -€12,229 | ▲ 76.2% |
| Investment in fixed assets (approximation) | - | €0 | -€6,581 | -€10,615 | ▼ 61.3% |
| Change in cash | - | - | -€118 | -€426 | ▼ 261% |
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
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
26-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-06
Financial
Weakest financial yearnet -€52,856
Net result drops to -€52,856, the lowest in the series.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
Financial
Back to profitnet €7,030
Net result €7,030 after one loss-making year.
30-06
Financial
Liquidity times 38current ratio 47.35
Current ratio from 1.25 to 47.35; short-term debt falls from €27,759 to €1,077.
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
14-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
19-01
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
16-01
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
07-01
NBB filing
Annual accounts filed
fiscal year 2013 · 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 ownerOwners 1
- Sourceaccounts AUVIMO 202244.23%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.