MESSAGE MANAGEMENT
InactiveInactive; last annual accounts for fiscal year 2018.
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-03-2018. Since then, 7 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 5 filingsPosition against the passed deadline
31-03-2019 close31-10-2019 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2018 was due by 31-10-2018 and was filed on 08-10-2018, 23 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filings
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 2018, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€0
2017 · €0
EBIT margin
36.1%▼ 43.1pp
2014 · 79.2%
Net result
€1.9m▼ 14.8%
2017 · €2.3m
Working capital
-€3.7m▼ 68.7%
2017 · -€2.2m
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
Line20142015201620172018
Turnover€37,184-€148,736▲ 300%€0€0
Operating result€29,453-€53,651▲ 82.2%-€3,320-€5,420▼ 63.2%-€11,216▼ 107%
Net result€11,450-€204,487▲ 1,686%€2.3m▲ 1,004%€2.3m=€1.9m▼ 14.8%
EBIT margin79.2%-36.1%▼ 43.1pp
Equity€4.4m-€4.6m▲ 4.7%€3.8m▼ 16.3%€4.2m▲ 11.0%€4.2m=
Total assets€6.1m-€6.4m▲ 4.5%€6.5m▲ 1.8%€6.5m=€7.6m▲ 17.2%
Debt€1.8m-€1.8m▲ 4.2%€2.7m▲ 47.0%€2.7m=€4.0m▲ 49.6%
Working capital-€1.7m--€1.6m▲ 8.2%-€2.2m▼ 38.7%-€2.2m=-€3.7m▼ 68.7%
Staff (FTE)00
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11,216 in 2018 against €5,420 in 2017; the loss grows and 2018 has the lowest result in the available series.
Balance-sheet composition
2018 in colour, 2017 as the grey bar beneath
Assets €7.8m
Fixed assets
€7.5m ▲ 25.0%
Current assets
€336,593 ▼ 33.0%
Equity and liabilities €8.3m
Equity
€4.2m =
Debt
€4.0m ▲ 49.6%
Debt's share of the balance-sheet total rises from 38.7% to 48.6%. Debt is higher.
Key figures and ratios
EBITDA
-€11,002▼
2017 · -€5,206
Cash flow
€1.9m▼
2017 · €2.3m
Current ratio
0.08▼
2017 · 0.19
ROE
45.3%▼
2017 · 53.1%
ROA
25.2%▼
2017 · 34.7%
Interest coverage
-0.17▼
2017 · -0.10
Debt ≤ 1 year
€4.0m▲
2017 · €2.7m
Income taxes
€17,151▼
2017 · €26,446
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2014 | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €37,184 | €148,736 | - | €0 | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €214 | €214 | = |
| Operating profit (loss)9901 | €29,453 | €53,651 | -€3,320 | -€5,420 | -€11,216 | ▼ 107% |
| Recurring financial income75 | - | €198,559 | €2.3m | €2.3m | €2.0m | ▼ 14.0% |
| Recurring financial charges65 | €11,926 | €38,271 | €39,283 | €54,632 | €66,531 | ▲ 21.8% |
| Debt charges650 | €11,926 | €38,109 | €39,129 | €54,200 | €66,399 | ▲ 22.5% |
| Profit (loss) for the period before taxes9903 | €17,527 | €213,940 | €2.3m | €2.3m | €1.9m | ▼ 15.1% |
| Income taxes67/77 | €6,077 | €9,453 | €26,446 | €26,446 | €17,151 | ▼ 35.1% |
| Profit (loss) for the period9904 | €11,450 | €204,487 | €2.3m | €2.3m | €1.9m | ▼ 14.8% |
| Profit (loss) for the period to be appropriated9905 | €11,450 | €204,487 | €2.3m | €2.3m | €1.9m | ▼ 14.8% |
| Line | 2014 | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.1m | €6.4m | €6.5m | €6.5m | €7.6m | ▲ 17.2% |
| Formation expenses20 | - | - | - | €0 | €0 | - |
| Fixed assets21/28 | €6.1m | €6.1m | €6.0m | €6.0m | €7.5m | ▲ 25.0% |
| Intangible fixed assets21 | - | - | - | €0 | €0 | - |
| Tangible fixed assets22/27 | - | - | €214 | €214 | - | - |
| Financial fixed assets28 | €6.1m | €6.1m | €6.0m | €6.0m | €7.5m | ▲ 25.0% |
| Current assets29/58 | €39,370 | €252,557 | €502,360 | €502,360 | €336,593 | ▼ 33.0% |
| Amounts receivable within one year40/41 | €37,184 | €207,951 | €56,447 | €56,447 | €137 | ▼ 99.8% |
| Cash at bank and in hand54/58 | €2,186 | €44,606 | €445,913 | €445,913 | €336,378 | ▼ 24.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.1m | €6.4m | €6.5m | €6.5m | €7.6m | ▲ 17.2% |
| Equity10/15 | €4.4m | €4.6m | €3.8m | €4.2m | €4.2m | = |
| Contributions10/11 | €210,740 | €210,740 | €210,740 | €210,740 | €210,740 | = |
| Reserves13 | €4.1m | €4.3m | €3.6m | €4.0m | €4.0m | = |
| Profit (loss) carried forward14 | €22,879 | €22,879 | €22,879 | €22,879 | €0 | ▼ 100% |
| Amounts payable17/49 | €1.8m | €1.8m | €2.7m | €2.7m | €4.0m | ▲ 49.6% |
| Amounts payable within one year42/48 | €1.8m | €1.8m | €2.7m | €2.7m | €4.0m | ▲ 49.6% |
| Trade debts44 | €1,749 | €1,613 | €1,669 | €2,690 | €2,796 | ▲ 4.0% |
| Line | 2014 | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,450 | €204,487 | €2.3m | €2.3m | €1.9m | ▼ 14.8% |
| + Depreciation and write-downs630 | - | - | - | €214 | €214 | = |
| Operating cash flow (approximation) | €11,450 | €204,487 | €2.3m | €2.3m | €1.9m | ▼ 14.8% |
| Investment in fixed assets (approximation) | - | -€63,885 | €135,486 | -€214 | -€1.5m | ▼ 701,195% |
| Change in cash | - | €42,419 | €401,307 | €0 | -€109,535 | - |
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
2018
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2014
26-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
NBB filing
0 of 7 acts read
About the unread acts
We know of 7 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
No owner stated in the accounts, acts or LEI register we read.
Holdings 1
-
0.13%
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.