MAVENRA
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 deadline30-09-2026 today
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 30-09-2022, 61 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
61 d late
2020
26 d early
2019
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 11 days after 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
€300,787▲ 25.3%
2020 · €240,116
Total assets
€355,599▲ 28.6%
2020 · €276,606
Net result
€60,670▲ 166%
2020 · €22,813
Working capital
€225,634▲ 37.1%
2020 · €164,616
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€102,768-€62,311▼ 39.4%€34,381▼ 44.8%€87,823▲ 155%
Net result€70,226-€43,756▼ 37.7%€22,813▼ 47.9%€60,670▲ 166%
Equity€173,547-€217,303▲ 25.2%€240,116▲ 10.5%€300,787▲ 25.3%
Total assets€422,101-€262,142▼ 37.9%€276,606▲ 5.5%€355,599▲ 28.6%
Debt€248,555-€44,839▼ 82.0%€36,490▼ 18.6%€54,812▲ 50.2%
Working capital-€123,243--€20,197▲ 83.6%€164,616€225,634▲ 37.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2021; 2021 is 155% above 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €355,599
Fixed assets
€75,500 =
Current assets
€280,099 ▲ 39.3%
Equity and liabilities €355,599
Equity
€300,787 ▲ 25.3%
Debt
€54,812 ▲ 50.2%
Debt's share of the balance-sheet total rises from 13.2% to 15.4%. Equity and debt are higher.
Key figures and ratios
Current ratio
5.14▼
2020 · 5.51
Debt to equity
0.18
ROE
20.2%▲
2020 · 9.5%
ROA
17.1%▲
2020 · 8.2%
Debt ≤ 1 year
€54,464▲
2020 · €36,490
Income taxes
€30,361▲
2020 · €11,416
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 | €59,290 | €59,290 | - | - | - |
| Other operating charges640/8 | - | - | - | €468 | - |
| Gross operating margin9900 | €162,536 | €122,602 | €85,848 | €88,291 | ▲ 2.8% |
| Operating profit (loss)9901 | €102,768 | €62,311 | €34,381 | €87,823 | ▲ 155% |
| Financial income75/76B | - | - | - | €3,360 | - |
| Recurring financial income75 | - | - | - | €3,360 | - |
| Financial charges65/66B | - | - | - | €152 | - |
| Recurring financial charges65 | €134 | €175 | €152 | €152 | ▼ 0.1% |
| Profit (loss) for the period before taxes9903 | €102,634 | €62,136 | €34,230 | €91,031 | ▲ 166% |
| Income taxes67/77 | €32,408 | €18,380 | €11,416 | €30,361 | ▲ 166% |
| Profit (loss) for the period9904 | €70,226 | €43,756 | €22,813 | €60,670 | ▲ 166% |
| Profit (loss) for the period to be appropriated9905 | €70,226 | €43,756 | €22,813 | €60,670 | ▲ 166% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €422,101 | €262,142 | €276,606 | €355,599 | ▲ 28.6% |
| Fixed assets21/28 | €296,790 | €237,500 | €75,500 | €75,500 | = |
| Tangible fixed assets22/27 | €221,290 | €162,000 | - | - | - |
| Financial fixed assets28 | €75,500 | €75,500 | €75,500 | €75,500 | = |
| Current assets29/58 | €125,311 | €24,642 | €201,106 | €280,099 | ▲ 39.3% |
| Amounts receivable within one year40/41 | €117,460 | €13,179 | €191,433 | €204,039 | ▲ 6.6% |
| Trade receivables40 | - | - | - | €0 | - |
| Other amounts receivable41 | - | - | - | €204,038 | - |
| Cash at bank and in hand54/58 | €7,590 | €11,193 | €9,403 | €72,426 | ▲ 670% |
| Deferred charges and accrued income490/1 | - | - | - | €3,634 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €422,101 | €262,142 | €276,606 | €355,599 | ▲ 28.6% |
| Equity10/15 | €173,547 | €217,303 | €240,116 | €300,787 | ▲ 25.3% |
| Contributions10/11 | €71,344 | €71,344 | - | €71,344 | - |
| Reserves13 | €86,877 | €86,877 | €109,690 | €170,360 | ▲ 55.3% |
| Non-distributable reserves130/1 | - | - | - | €8,374 | - |
| Reserves not available under the articles1311 | - | - | - | €8,374 | - |
| Distributable reserves133 | - | - | - | €161,986 | - |
| Profit (loss) carried forward14 | €15,326 | €59,082 | €59,082 | €59,082 | = |
| Amounts payable17/49 | €248,555 | €44,839 | €36,490 | €54,812 | ▲ 50.2% |
| Amounts payable within one year42/48 | €248,555 | €44,839 | €36,490 | €54,464 | ▲ 49.3% |
| Trade debts44 | €6,368 | €3,877 | €6,936 | €6,435 | ▼ 7.2% |
| Suppliers440/4 | - | - | - | €6,435 | - |
| Taxes, remuneration and social security45 | - | - | - | €48,029 | - |
| Taxes450/3 | - | - | - | €48,029 | - |
| Accrued charges and deferred income492/3 | - | - | - | €348 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €70,226 | €43,756 | €22,813 | €60,670 | ▲ 166% |
| + Depreciation and write-downs630 | €59,290 | €59,290 | - | - | - |
| Operating cash flow (approximation) | €129,516 | €103,047 | €22,813 | €60,670 | ▲ 166% |
| Investment in fixed assets (approximation) | - | €0 | €162,000 | €0 | ▼ 100% |
| Change in cash | - | €3,603 | -€1,790 | €63,023 | ▲ 3,621% |
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
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €22,813 ▼47.9%
Net result drops to €22,813, the lowest in the series.
31-12
Financial
Liquidity times 10current ratio 5.51
Current ratio from 0.55 to 5.51; short-term debt falls from €44,839 to €36,490.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €200,000Eq €217,303 ▲25.2%
2 profitable years in a row build equity to €217,303.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
24-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
29-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 29 days late
2013
04-10
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 65 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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 holdingOwners 0
The accounts to 31-12-2021 list no shareholders, and no other source names one.
Holdings 1
-
10%
According to the 2021 annual accounts of MAVENRA and those 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.