KFE
InactiveInactive; last annual accounts for fiscal year 2021.
Overview
What they do
Activity not known
How big
€183,346total assets 2021
- Equity
- €155,622
- Profit
- €23,219
Turnover not published (abridged schema)
Financially healthy?
Inactive: no score
Who decides
Accounts 1158 d overdue0 of 3 deeds read
Signals- Two or more financial years not filedLatest accounts filed on timeShow the evidence
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 · 6 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline01-10-2026 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 08-03-2022, 145 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
145 d early
2020
30 d late
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 48 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)
- Annual accounts filedfiscal year 2021 · micro…
- Weakest financial yearnet €23,219 ▼76.1%
- Annual accounts filedfiscal year 2020 · micro…
Financials
Fiscal year 2021Total assets €183,346Profit €23,219Solvency 84.9%Liquidity 6.61
Total assets
€183,346▼ 59.7%
2018 - 2021
Net result
€23,219▼ 76.1%
2018 - 2021
Equity
€155,622▼ 62.9%
2018 - 2021
Solvency
84.9%▼ 7.2pp
2018 - 2021
Financials · fiscal year 2021, micro schema
Trend over the years
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal 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 not published: the micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2021 is 82% below 2020 and is the lowest result in the available series.
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
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.
Filed annual accounts
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 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Board & ownership
Directors
Directors
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Structure & network
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
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Linked via shared directors
Atlas Copco Airpower
Shared director
→
Board mandates elsewhere
1 board mandateBoard mandates of this companythis company sits on their board1
3 locations
Timeline
13 eventsLatest 08-03-2022
Acts, filings and financial milestones
2022
08-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €23,219 ▼76.1%
Net result drops to €23,219, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
18-11
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €101,993 ▲16.7%
Operating result €127,698, net result €101,993, both a record.
31-12
Financial
Liquidity triplescurrent ratio 11.27
Current ratio from 3.60 to 11.27; short-term debt falls from €73,727 to €29,134.
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-12
State Gazette act
Board meeting · Director appointment
Permanent representative · Mandate compensation
21-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 113 days late
03-10
State Gazette act
Board meeting · Director appointment
Permanent representative · Mandate compensation
20-07
State Gazette act
General meeting · Statutes amendment
Director resignation · Director discharge
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 56 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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