NEO-STYLE
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 · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 29-06-2022, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
32 d early
2020
36 d early
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 32 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)
Financials · fiscal year 2021, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€11.7m=
2019 · €11.7m
EBIT margin
1.1%▼ 0.2pp
2019 · 1.3%
Net result
€481▼ 97.6%
2020 · €19,836
Working capital
€432,898▼ 74.2%
2020 · €1.7m
Trend over the years
In euros
In per cent
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
In full-time equivalents (FTE)
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
Turnover€11.2m-€11.7m▲ 4.3%€11.7m=
Operating result€217,287-€147,903▼ 31.9%€129,991▼ 12.1%-€10,745
Net result€22,290-€19,836▼ 11.0%€19,836=€481▼ 97.6%
EBIT margin1.9%-1.3%▼ 0.7pp1.1%▼ 0.2pp
Equity€570,615-€590,451▲ 3.5%€604,313▲ 2.3%€432,898▼ 28.4%
Total assets€4.1m-€4.0m▼ 3.7%€2.7m▼ 30.8%€440,449▼ 83.9%
Debt€2.9m-€2.6m▼ 8.2%€1.3m▼ 49.5%€7,551▼ 99.4%
Working capital€1.9m-€1.8m▼ 4.7%€1.7m▼ 5.6%€432,898▼ 74.2%
Staff (FTE)24.2-23.1▼ 4.5%21.6▼ 6.5%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €10,745 after €129,991 in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Equity and liabilities €440,449
Equity
€432,898 ▼ 28.4%
Provisions
€0 ▼ 100%
Debt
€7,551 ▼ 99.4%
Debt's share of the balance-sheet total falls from 48.1% to 1.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€5,129▼
2020 · €193,825
Cash flow
€6,098▼
2020 · €83,670
Current ratio
58.33▲
2020 · 3.06
Debt to equity
0.02
ROE
0.1%▼
2020 · 3.3%
ROA
0.1%▼
2020 · 0.7%
Debt ≤ 1 year
€7,551▼
2020 · €814,695
Income taxes
€983▼
2020 · €15,462
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 |
|---|---|---|---|---|---|
| Turnover70 | €11.2m | €11.7m | €11.7m | - | - |
| Operating charges60/66A | - | - | - | €10,745 | - |
| Services and other goods61 | - | - | - | €1,176 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €63,834 | €63,834 | €63,834 | €5,617 | ▼ 91.2% |
| Other operating charges640/8 | - | - | - | €3,953 | - |
| Operating profit (loss)9901 | €217,287 | €147,903 | €129,991 | -€10,745 | ▼ 108% |
| Financial income75/76B | - | - | - | €12,209 | - |
| Recurring financial income75 | €20,094 | €38,242 | €38,242 | €12,209 | ▼ 68.1% |
| Income from current assets751 | - | - | - | €12,209 | - |
| Recurring financial charges65 | €194,605 | €143,086 | €132,935 | - | - |
| Debt charges650 | €35,701 | €3,888 | €1,357 | - | - |
| Profit (loss) for the period before taxes9903 | €24,911 | €35,298 | €35,298 | €1,464 | ▼ 95.9% |
| Income taxes67/77 | €7,415 | €15,462 | €15,462 | €983 | ▼ 93.6% |
| Taxes670/3 | - | - | - | €983 | - |
| Profit (loss) for the period9904 | €22,290 | €19,836 | €19,836 | €481 | ▼ 97.6% |
| Profit (loss) for the period to be appropriated9905 | €22,290 | €19,836 | €19,836 | €481 | ▼ 97.6% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €4.1m | €4.0m | €2.7m | €440,449 | ▼ 83.9% |
| Formation expenses20 | €0 | €0 | €0 | - | - |
| Fixed assets21/28 | €369,662 | €305,828 | €241,995 | - | - |
| Intangible fixed assets21 | €0 | €0 | €0 | - | - |
| Tangible fixed assets22/27 | €369,662 | €305,828 | €241,995 | - | - |
| Current assets29/58 | €3.7m | €3.7m | €2.5m | €440,449 | ▼ 82.3% |
| Stocks and contracts in progress3 | €746,996 | €532,502 | €430,047 | - | - |
| Amounts receivable within one year40/41 | €3.0m | €3.0m | €2.0m | €406,950 | ▼ 79.4% |
| Other amounts receivable41 | - | - | - | €406,950 | - |
| Cash at bank and in hand54/58 | €119,154 | €119,154 | €86,920 | €33,499 | ▼ 61.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €4.1m | €4.0m | €2.7m | €440,449 | ▼ 83.9% |
| Equity10/15 | €570,615 | €590,451 | €604,313 | €432,898 | ▼ 28.4% |
| Contributions10/11 | €124,000 | €124,000 | €124,000 | €88,728 | ▼ 28.4% |
| Capital10 | - | - | - | €88,728 | - |
| Issued capital100 | - | - | - | €88,728 | - |
| Reserves13 | €446,615 | €466,451 | €480,313 | €344,169 | ▼ 28.3% |
| Non-distributable reserves130/1 | - | - | - | €8,873 | - |
| Legal reserve130 | - | - | - | €8,873 | - |
| Distributable reserves133 | - | - | - | €335,296 | - |
| Profit (loss) carried forward14 | €0 | €0 | €0 | - | - |
| Provisions and deferred taxes16 | €769,129 | €824,343 | €824,343 | - | - |
| Amounts payable17/49 | €2.9m | €2.6m | €1.3m | €7,551 | ▼ 99.4% |
| Amounts payable after more than one year17 | €82,609 | €11,043 | - | - | - |
| Amounts payable within one year42/48 | €1.9m | €1.9m | €814,695 | €7,551 | ▼ 99.1% |
| Trade debts44 | €1.6m | €1.6m | €641,067 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €7,551 | - |
| Taxes450/3 | - | - | - | €7,551 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,290 | €19,836 | €19,836 | €481 | ▼ 97.6% |
| + Depreciation and write-downs630 | €63,834 | €63,834 | €63,834 | €5,617 | ▼ 91.2% |
| Operating cash flow (approximation) | €86,123 | €83,670 | €83,670 | €6,098 | ▼ 92.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - |
| Change in cash | - | €0 | -€32,234 | -€53,422 | ▼ 65.7% |
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
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €481 ▼97.6%
Net result drops to €481, the lowest in the series.
31-12
Financial
Liquidity times 19current ratio 58.33
Current ratio from 3.06 to 58.33; short-term debt falls from €814,695 to €7,551.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 22 days late
2017
09-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
31-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
05-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
21-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 21 days late
2013
28-06
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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 ownerChain of control
- ARTEMIS HOLDING
- MECAM
- NEO-STYLE
Highest known parent: ARTEMIS HOLDING. The sources do not say who stands above it.
Owners 1
- MECAMparentSourceaccounts MECAM 2021100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
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.