KFE
InactiveOverview
Overview
Official details
Source: KBO- Status
- Inactive deed of incorporation of 19-10-2015 · last publication under the heading End on 21-04-2022
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
No score
Annual accounts 2021
- Gross margin
- €24,524
- ▼ 81.6%
- Turnover
- ≈ €190,000
- estimated
- Profit
- €23,219
- ▼ 76.1%
- Equity
- €155,622
- ▼ 62.9%
- Total assets
- €183,346
- ▼ 59.7%
Filed on 08-03-2022
Financials
Financials · financial year 2021, micro format
Annual accounts 2021 filed on 08-03-2022 PDF all 6 filings
Turnover
≈ €190,000
Estimated: probably between €86,000 and €450,000
Total assets
€183,346▼ 59.7%
2020 · €454,935
Net result
€23,219▼ 76.1%
2020 · €97,119
Working capital
€155,622▼ 62.4%
2020 · €413,821
Trend over the years
2018 to 2021, 4 financial years 2018 to 2021, 4 financial years
The operating result for 2021 is 82% lower than in 2020 and the lowest since 2018. It is the second fall in a row.
Operating result€21,639
2021
Net result€23,219
2021
Total assets€183,346
2021
Equity€155,622
2021
Debt€27,724
2021
Working capital€155,622
2021
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result€116,665-€127,698▲ 9.5%€117,584▼ 7.9%€21,639▼ 81.6%
Net result€87,400-€101,993▲ 16.7%€97,119▼ 4.8%€23,219▼ 76.1%
Equity€207,403-€309,396▲ 49.2%€418,915▲ 35.4%€155,622▼ 62.9%
Total assets€304,505-€354,517▲ 16.4%€454,935▲ 28.3%€183,346▼ 59.7%
Debt€97,102-€45,121▼ 53.5%€36,020▼ 20.2%€27,724▼ 23.0%
Working capital€191,555-€299,205▲ 56.2%€413,821▲ 38.3%€155,622▼ 62.4%
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Equity and liabilities €183,346
Equity
€155,622 ▼ 62.9%
Debt
€27,724 ▼ 23.0%
Debt's share of the balance-sheet total rises from 7.9% to 15.1%. Equity and debt are lower.
Key figures and ratios
Current ratio
6.61▼
2020 · 15.54
ROE
14.9%▼
2020 · 23.2%
ROA
12.7%▼
2020 · 21.3%
Debt ≤ 1 year
€27,724▼
2020 · €28,462
Income taxes
€7,934▼
2020 · €26,937
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 |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,117 | €14,324 | €13,525 | - | - |
| Gross operating margin9900 | €136,180 | €144,294 | €132,963 | €24,524 | ▼ 81.6% |
| Operating profit (loss)9901 | €116,665 | €127,698 | €117,584 | €21,639 | ▼ 81.6% |
| Recurring financial income75 | €5,498 | €10,633 | €7,414 | €9,849 | ▲ 32.8% |
| Recurring financial charges65 | €1,755 | €1,112 | €943 | €336 | ▼ 64.4% |
| Profit (loss) for the period before taxes9903 | €120,408 | €137,219 | €124,056 | €31,152 | ▼ 74.9% |
| Income taxes67/77 | €33,008 | €35,225 | €26,937 | €7,934 | ▼ 70.5% |
| Profit (loss) for the period9904 | €87,400 | €101,993 | €97,119 | €23,219 | ▼ 76.1% |
| Profit (loss) for the period to be appropriated9905 | €87,400 | €101,993 | €97,119 | €23,219 | ▼ 76.1% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €304,505 | €354,517 | €454,935 | €183,346 | ▼ 59.7% |
| Fixed assets21/28 | €39,223 | €26,178 | €12,652 | - | - |
| Tangible fixed assets22/27 | €39,223 | €26,178 | €12,652 | - | - |
| Current assets29/58 | €265,281 | €328,340 | €442,283 | €183,346 | ▼ 58.5% |
| Amounts receivable within one year40/41 | €44,409 | €30,576 | €12,131 | €7,063 | ▼ 41.8% |
| Cash at bank and in hand54/58 | €4,251 | €213 | €55,958 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €304,505 | €354,517 | €454,935 | €183,346 | ▼ 59.7% |
| Equity10/15 | €207,403 | €309,396 | €418,915 | €155,622 | ▼ 62.9% |
| Contributions10/11 | €6,200 | €6,200 | - | - | - |
| Reserves13 | €201,203 | €303,196 | €400,315 | €137,022 | ▼ 65.8% |
| Amounts payable17/49 | €97,102 | €45,121 | €36,020 | €27,724 | ▼ 23.0% |
| Amounts payable after more than one year17 | €23,375 | €14,875 | €6,375 | - | - |
| Amounts payable within one year42/48 | €73,727 | €29,134 | €28,462 | €27,724 | ▼ 2.6% |
| Trade debts44 | €6,881 | €2,901 | €6,221 | €8,193 | ▲ 31.7% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €87,400 | €101,993 | €97,119 | €23,219 | ▼ 76.1% |
| + Depreciation and write-downs630 | €14,117 | €14,324 | €13,525 | - | - |
| Operating cash flow (approximation) | €101,517 | €116,317 | €110,644 | €23,219 | ▼ 79.0% |
| Investment in fixed assets (approximation) | - | -€1,278 | €0 | - | - |
| Change in cash | - | -€4,038 | €55,745 | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | micro format | 08-03-2022 | 2022-07200296 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-57100266 | |
| 31-12-2019 | micro format | 02-07-2020 | 2020-26100405 | |
| 31-12-2018 | micro format | 04-06-2019 | 2019-16200291 | |
| 31-12-2017 | micro format | 21-11-2018 | 2018-72700013 | |
| 31-12-2016 | abbreviated format | 25-09-2017 | 2017-62400515 |
Network & group
Board mandates elsewhere
1 board mandateBoard mandates of KFEKFE sits on their board1
3 locations
Connections & network
The board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
This company
Company
Director
Shareholding
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Timeline
Acts, filings and financial milestones
2022
2021
31-12
Financial
Weakest financial yearnet €23,219 ▼76.1%
The net result drops to €23,219, the lowest from 2018 to 2021.
30-08
micro format · 30 days late
2020
2019
31-12
Financial
Highest result from 2018 to 2021net €101,993 ▲16.7%
The operating result of €127,698 and the net result of €101,993 are both a record.
31-12
Financial
Liquidity more than triplescurrent ratio 11.27
The current ratio rises from 3.60 to 11.27. Short-term debt falls from €73,727 to €29,134.
04-06
micro format · 57 days before the deadline
2018
Show earlier events
20-07
Director resignation · Director discharge
2017
25-09
abbreviated format · 56 days late
2015
19-10
3 publications in the Belgian Official Gazette, the last on 21-04-2022
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Inactive
Inactive
KFE is no longer in the KBO register.
- Status
- Inactive
- Last annual accounts
- financial year to 31 December 2021
- Last registered office
- Jozef Baertstraat 20, 8700 Tieltas published on 21 April 2022
- Legal form
- Private limited company (pre-2019)
- First annual accounts
- financial year 2016