NECTAR & CO
InactiveInactive; last annual accounts for fiscal year 2023.
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 31-12-2024, 2 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
31-12-2024 close31-07-2025 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 05-08-2024, 5 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
2025
not confirmed
2024
not filed
2023
5 d late
2022
7 d early
2021
30 d late
2020
30 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 36 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 2023, full schema
Turnover
€890,696
EBIT margin
1.1%
Net result
€46,245▲ 102%
2022 · €22,840
Working capital
€388,764▼ 2.6%
2022 · €399,098
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
Line20192020202120222023
Turnover€890,696
Operating result€18,847▼ 29.3%€113,695▲ 503%€9,835▼ 91.3%€31,656▲ 222%€58,355▲ 84.3%
Net result€1,624▼ 87.2%€88,312▲ 5,338%€7,389▼ 91.6%€22,840▲ 209%€46,245▲ 102%
EBIT margin1.1%
Equity€109,880▲ 1.5%€185,193▲ 68.5%€192,582▲ 4.0%€215,422▲ 11.9%€239,355▲ 11.1%
Total assets€651,977▼ 1.0%€842,896▲ 29.3%€863,125▲ 2.4%€847,573▼ 1.8%€781,258▼ 7.8%
Debt€536,579▼ 1.2%€657,703▲ 22.6%€670,543▲ 2.0%€632,151▼ 5.7%€541,903▼ 14.3%
Working capital€354,039▲ 8.0%€355,684▲ 0.5%€359,214▲ 1.0%€399,098▲ 11.1%€388,764▼ 2.6%
Staff (FTE)4▲ 33.3%4=3.6▼ 10.0%2.5▼ 30.6%2▼ 20.0%
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed two years in a row; 2023 is 84% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €781,258
Fixed assets
€217,720 ▲ 7.5%
Current assets
€563,538 ▼ 12.6%
Equity and liabilities €781,258
Equity
€239,355 ▲ 11.1%
Debt
€541,903 ▼ 14.3%
Debt's share of the balance-sheet total falls from 74.6% to 69.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€96,890▲
2022 · €67,427
Cash flow
€84,780▲
2022 · €58,612
Current ratio
3.22▲
2022 · 2.62
Quick ratio
0.89▼
2022 · 0.99
Debt to equity
2.26▼
2022 · 2.93
ROE
19.3%▲
2022 · 10.6%
ROA
5.9%▲
2022 · 2.7%
Interest coverage
7.13▲
2022 · 3.81
Debt ≤ 1 year
€174,773▼
2022 · €245,863
Debt > 1 year
€363,751▼
2022 · €374,419
Income taxes
€11,749▲
2022 · €1,161
Staff costs
€102,797▼
2022 · €144,612
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €890,696 | - | - | - |
| Non-recurring operating income76A | - | - | €2,000 | €0 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €700,917 | - | - | - |
| Remuneration, social security and pensions62 | - | - | €145,705 | €144,612 | €102,797 | ▼ 28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €83,754 | €48,859 | €62,273 | €35,771 | €38,535 | ▲ 7.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €3,956 | -€5,036 | €714 | ▲ 114% |
| Other operating charges640/8 | - | - | €5,583 | €7,076 | €2,212 | ▼ 68.7% |
| Non-recurring operating charges66A | - | - | - | €7 | €652 | ▲ 9,914% |
| Gross operating margin9900 | €261,978 | €292,176 | €227,351 | €214,085 | €203,265 | ▼ 5.1% |
| Operating profit (loss)9901 | €18,847 | €113,695 | €9,835 | €31,656 | €58,355 | ▲ 84.3% |
| Financial income75/76B | - | - | €16,427 | €10,053 | €13,236 | ▲ 31.7% |
| Recurring financial income75 | €298 | €2,303 | €16,427 | €10,053 | €13,236 | ▲ 31.7% |
| Non-recurring financial income76B | - | - | - | €0 | - | - |
| Financial charges65/66B | - | - | €18,764 | €17,708 | €13,597 | ▼ 23.2% |
| Recurring financial charges65 | €18,119 | €17,157 | €18,764 | €17,708 | €13,597 | ▼ 23.2% |
| Non-recurring financial charges66B | - | - | - | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €1,026 | €96,521 | €7,497 | €24,001 | €57,993 | ▲ 142% |
| Income taxes67/77 | -€598 | €8,209 | €108 | €1,161 | €11,749 | ▲ 912% |
| Profit (loss) for the period9904 | €1,624 | €88,312 | €7,389 | €22,840 | €46,245 | ▲ 102% |
| Profit (loss) for the period to be appropriated9905 | €1,624 | €88,312 | €7,389 | €22,840 | €46,245 | ▲ 102% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €651,977 | €842,896 | €863,125 | €847,573 | €781,258 | ▼ 7.8% |
| Formation expenses20 | - | - | €0 | - | - | - |
| Fixed assets21/28 | €180,119 | €174,423 | €219,231 | €202,611 | €217,720 | ▲ 7.5% |
| Intangible fixed assets21 | €3,015 | €1,291 | €666 | €505 | €23,340 | ▲ 4,521% |
| Tangible fixed assets22/27 | €136,480 | €115,008 | €159,941 | €143,583 | €135,626 | ▼ 5.5% |
| Land and buildings22 | - | - | €61,914 | €55,876 | €49,839 | ▼ 10.8% |
| Plant, machinery and equipment23 | - | - | €77,322 | €75,751 | €74,066 | ▼ 2.2% |
| Furniture and vehicles24 | - | - | €18,863 | €10,971 | €11,594 | ▲ 5.7% |
| Other tangible fixed assets26 | - | - | €1,842 | €984 | €127 | ▼ 87.1% |
| Financial fixed assets28 | €40,624 | €58,124 | €58,624 | €58,524 | €58,754 | ▲ 0.4% |
| Current assets29/58 | €471,858 | €668,473 | €643,894 | €644,961 | €563,538 | ▼ 12.6% |
| Stocks and contracts in progress3 | €363,344 | €481,760 | €427,184 | €401,387 | €408,169 | ▲ 1.7% |
| Stocks30/36 | - | - | €427,184 | €401,387 | €408,169 | ▲ 1.7% |
| Amounts receivable within one year40/41 | €90,718 | €103,896 | €104,527 | €119,708 | €115,142 | ▼ 3.8% |
| Trade receivables40 | - | - | €84,554 | €88,710 | €93,379 | ▲ 5.3% |
| Other amounts receivable41 | - | - | €19,974 | €30,999 | €21,763 | ▼ 29.8% |
| Cash at bank and in hand54/58 | €15,139 | €77,401 | €82,884 | €88,339 | €25,027 | ▼ 71.7% |
| Deferred charges and accrued income490/1 | - | - | €29,299 | €35,527 | €15,200 | ▼ 57.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €651,977 | €842,896 | €863,125 | €847,573 | €781,258 | ▼ 7.8% |
| Equity10/15 | €109,880 | €185,193 | €192,582 | €215,422 | €239,355 | ▲ 11.1% |
| Contributions10/11 | €58,050 | - | €58,050 | €58,050 | €58,050 | = |
| Outside capital11 | - | - | €58,050 | - | - | - |
| Other1109/19 | - | - | €58,050 | - | - | - |
| Reserves13 | €5,805 | €5,805 | €5,805 | €5,805 | €5,805 | = |
| Non-distributable reserves130/1 | - | - | €5,805 | €5,805 | €5,805 | = |
| Reserves not available under the articles1311 | - | - | €5,805 | €5,805 | €5,805 | = |
| Profit (loss) carried forward14 | €46,025 | €121,338 | €128,727 | €151,567 | €175,500 | ▲ 15.8% |
| Provisions and deferred taxes16 | €5,518 | - | - | - | - | - |
| Amounts payable17/49 | €536,579 | €657,703 | €670,543 | €632,151 | €541,903 | ▼ 14.3% |
| Amounts payable after more than one year17 | €418,760 | €344,914 | €376,446 | €374,419 | €363,751 | ▼ 2.8% |
| Financial debts170/4 | - | - | €376,446 | €374,419 | €363,751 | ▼ 2.8% |
| Amounts payable within one year42/48 | €117,819 | €312,789 | €284,680 | €245,863 | €174,773 | ▼ 28.9% |
| Current portion of amounts payable after more than one year42 | - | - | €206,441 | €22,021 | €26,053 | ▲ 18.3% |
| Financial debts43 | - | - | €0 | €177,507 | €63,376 | ▼ 64.3% |
| Credit institutions430/8 | - | - | €0 | €177,507 | €63,376 | ▼ 64.3% |
| Trade debts44 | €75,174 | €44,147 | €40,940 | €20,980 | €37,671 | ▲ 79.6% |
| Suppliers440/4 | - | - | €40,940 | €20,980 | €37,671 | ▲ 79.6% |
| Taxes, remuneration and social security45 | - | - | €32,642 | €25,356 | €25,362 | = |
| Taxes450/3 | - | - | €17,994 | €8,478 | €4,273 | ▼ 49.6% |
| Remuneration and social security454/9 | - | - | €14,648 | €16,878 | €21,089 | ▲ 25.0% |
| Other amounts payable47/48 | - | - | €4,656 | €0 | €22,312 | - |
| Accrued charges and deferred income492/3 | - | - | €9,417 | €11,869 | €3,378 | ▼ 71.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,624 | €88,312 | €7,389 | €22,840 | €46,245 | ▲ 102% |
| + Depreciation and write-downs630 | €83,754 | €48,859 | €62,273 | €35,771 | €38,535 | ▲ 7.7% |
| Operating cash flow (approximation) | €85,378 | €137,171 | €69,662 | €58,612 | €84,780 | ▲ 44.6% |
| Investment in fixed assets (approximation) | - | -€43,163 | -€107,081 | -€19,152 | -€53,643 | ▼ 180% |
| Change in cash | - | €62,262 | €5,483 | €5,455 | -€63,312 | ▼ 1,261% |
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
2024
05-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 5 days late
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €200,000Eq €215,422 ▲11.9%
5 profitable years in a row build equity to €215,422.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €88,312 ▲5,338%
Operating result €113,695, net result €88,312, both a record.
31-12
Financial
Equity above €150,000Eq €185,193 ▲68.5%
3 profitable years in a row build equity to €185,193.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 122 days late
2019
31-12
Financial
Weakest financial yearnet €1,624 ▼87.2%
Net result drops to €1,624, the lowest in the series.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
17-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 17 days late
2015
21-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
3 owners · 1 holdingOwners 3
- Xavier RENNOTTEnatural personSourceown accounts 202138.8%
- Philippe RENNOTTEnatural personSourceown accounts 202133.33%
- Claire Wynsnatural personSourceown accounts 202127.8%
Holdings 1
-
25%
According to the 2021 annual accounts of NECTAR & CO 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.