KMOFIN 2
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 07-09-2023 was due by 07-04-2024 and was filed on 23-05-2024, 46 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2023
46 d late
2022
61 d early
2021
53 d early
2020
65 d early
2019
51 d early
2018
57 d early
2017
50 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-896k▼ 50.6%
2022 · €-595k
2018: €-776k
2019: €-1.68M
2020: €833k
2021: €-1.97M
2022: €-595k
2018 → 2023
Working capital
€2.92M▲ 1.4%
2022 · €2.88M
2018: €7.83M
2019: €3.12M
2020: €4.33M
2021: €2.95M
2022: €2.88M
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€6.38M-€7.21M▲ 13.1%€5.24M▼ 27.3%€4.65M▼ 11.4%€3.75M▼ 19.3%
Operating result€-580k-€-386k▲ 33.5%€-282k▲ 26.9%€-70k▲ 75.2%€-39k▲ 44.1%
Net result€-1.68M-€833k€-1.97M€-595k▲ 69.7%€-896k▼ 50.6%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €39k in 2023 against €70k in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €3.79M
Fixed assets
€833k ▼ 53.0%
Current assets
€2.96M ▲ 1.9%
Equity and liabilities €3.79M
Equity
€3.75M ▼ 19.3%
Debt
€37k ▲ 56.2%
Debt's share of the balance-sheet total rises from 0.5% to 1.0%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
79.25
Debt to equity
0.01▲
2022 · 0.01
ROE
-23.9%▼
2022 · -12.8%
ROA
-23.7%▼
2022 · -12.7%
Debt ≤ 1 year
€37k▲
2022 · €24k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 51 lines
Balance sheet
Code20222023
Assets
Total assets20/58€4.67M€3.79M▼
Fixed assets21/28€1.77M€833k▼
Financial fixed assets28€1.77M€833k▼
Companies linked by participating interests282/3€1.14M€300k▼
Participating interests282€1.14M€300k▼
Other financial fixed assets284/8€630k€533k▼
Shares284€630k€533k▼
Current assets29/58€2.90M€2.96M▲
Amounts receivable after more than one year29€101k€101k=
Other amounts receivable291€101k€101k=
Amounts receivable within one year40/41€101k€101k=
Other amounts receivable41€101k€101k=
Current investments50/53€68k€148k▲
Other investments51/53€68k€148k▲
Cash at bank and in hand54/58€2.63M€2.61M▼
Equity and liabilities
Total equity and liabilities10/49€4.67M€3.79M▼
Equity10/15€4.65M€3.75M▼
Contributions10/11€6.89M€6.89M=
Capital10€6.89M€6.89M=
Issued capital100€6.89M€6.89M=
Reserves13€109k€109k=
Non-distributable reserves130/1€109k€109k=
Legal reserve130€109k€109k=
Profit (loss) carried forward14€-2.35M€-3.24M▼
Amounts payable17/49€24k€37k▲
Amounts payable within one year42/48€24k€37k▲
Trade debts44€23k€36k▲
Suppliers440/4€23k€36k▲
Other amounts payable47/48€937€937=
Accrued charges and deferred income492/3-€13
Income statement
Code20222023
Operating charges60/66A€70k€39k▼
Goods for resale, raw materials and consumables60€61k€23k▼
Purchases600/8€61k€23k▼
Services and other goods61€9k€15k▲
Other operating charges640/8€930€1k▲
Operating profit (loss)9901€-70k€-39k▲
Financial income75/76B€203k€22▼
Recurring financial income75€732€22▼
Income from current assets751-€16
Other financial income752/9€732€6▼
Non-recurring financial income76B€203k-
Financial charges65/66B€729k€857k▲
Recurring financial charges65€815€-80k▼
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-€-80k
Other financial charges652/9€815€85▼
Non-recurring financial charges66B€728k€938k▲
Profit (loss) for the period before taxes9903€-595k€-896k▼
Profit (loss) for the period9904€-595k€-896k▼
Profit (loss) for the period to be appropriated9905€-595k€-896k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-2.35M€-3.24M▼
Profit (loss) brought forward from the previous period14P€-1.75M€-2.35M▼
The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
23-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 46 days late
2023
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €-1.97M ▼336%
Net result drops to €-1.97M, the lowest in the series.
31-12
Financial
Liquidity times 17current ratio 759.45
Current ratio from 44.90 to 759.45; short-term debt falls from €99k to €4k.
27-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €833k
Net result €833k after 2 loss-making years.
10-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
19-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
02-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
25-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
19-05
State Gazette act
General meeting · Capital increase
Share issue · Legal-form conversion
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 25 acts read
About the unread acts
We know of 25 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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