NEPTUNE
InactiveSignals
Three 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 30-06-2023, 3 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
30-06-2023 close31-01-2024 deadline01-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2022 was due by 31-01-2023 and was filed on 19-12-2022, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2022
43 d early
2021
63 d early
2020
61 d early
2019
51 d early
2018
49 d early
2017
64 d early
2016
60 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 56 days before the deadline; the Belgian median for financial year 2022 is 3 days before the deadline, and 42% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2022, full schema
Turnover
€141,382▲ 143%
2021 · €58,266
EBIT margin
1.7%▼ 31.5pp
2021 · 33.2%
Net result
€6▼ 100.0%
2021 · €15,816
Working capital
-€25,890▼ 43.1%
2021 · -€18,096
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
Line2019202020212022
Turnover€176,791-€139,438▼ 21.1%€58,266▼ 58.2%€141,382▲ 143%
Operating result€12,999-€6,527▼ 49.8%€19,343▲ 196%€2,402▼ 87.6%
Net result€8,641-€8,078▼ 6.5%€15,816▲ 95.8%€6▼ 100.0%
EBIT margin7.4%-4.7%▼ 2.7pp33.2%▲ 28.5pp1.7%▼ 31.5pp
Equity-€41,990--€33,912▲ 19.2%-€18,096▲ 46.6%-€18,090=
Total assets€6,753-€9,287▲ 37.5%€12,461▲ 34.2%€13,122▲ 5.3%
Debt€48,743-€43,199▼ 11.4%€30,557▼ 29.3%€31,212▲ 2.1%
Working capital-€41,990--€33,912▲ 19.2%-€18,096▲ 46.6%-€25,890▼ 43.1%
Staff (FTE)1.8-1.8=1.4▼ 22.2%1.5▲ 7.1%
Result per fiscal year
Operating resultNet result
The operating result falls in 2022; 2022 is 88% below 2021 and is the lowest result in the available series.
Balance-sheet composition
Assets €13,122
Fixed assets
€7,800
Current assets
€5,322
Equity and liabilities
Equity-€18,090
Debt€31,212
Equity is negative: debt (€31,212) exceeds the balance-sheet total (€13,122).
Key figures and ratios
Solvency
-137.9%▲
2021 · -145.2%
Current ratio
0.17▼
2021 · 0.41
Quick ratio
0.15▼
2021 · 0.38
ROA
0.0%▼
2021 · 126.9%
Debt ≤ 1 year
€31,212▲
2021 · €30,557
Staff costs
€59,103
No debt to equity: equity is negative, so debt divided by equity means nothing.
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 | Change |
|---|---|---|---|---|---|
| Turnover70 | €176,791 | €139,438 | €58,266 | €141,382 | ▲ 143% |
| Non-recurring operating income76A | - | - | - | €8,470 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €83,114 | - |
| Remuneration, social security and pensions62 | - | - | - | €59,103 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €335 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €5,233 | - |
| Gross operating margin9900 | €72,411 | €50,957 | €46,153 | €66,738 | ▲ 44.6% |
| Operating profit (loss)9901 | €12,999 | €6,527 | €19,343 | €2,402 | ▼ 87.6% |
| Financial income75/76B | - | - | - | €2 | - |
| Recurring financial income75 | - | €5 | €6 | €2 | ▼ 66.7% |
| Financial charges65/66B | - | - | - | €2,398 | - |
| Recurring financial charges65 | - | €2,782 | €3,533 | €2,398 | ▼ 32.1% |
| Profit (loss) for the period before taxes9903 | €8,641 | €8,750 | €15,816 | €6 | ▼ 100.0% |
| Income taxes67/77 | - | €672 | - | - | - |
| Profit (loss) for the period9904 | €8,641 | €8,078 | €15,816 | €6 | ▼ 100.0% |
| Profit (loss) for the period to be appropriated9905 | €8,641 | €8,078 | €15,816 | €6 | ▼ 100.0% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €6,753 | €9,287 | €12,461 | €13,122 | ▲ 5.3% |
| Fixed assets21/28 | - | - | - | €7,800 | - |
| Financial fixed assets28 | - | - | - | €7,800 | - |
| Current assets29/58 | €6,753 | €9,287 | €12,461 | €5,322 | ▼ 57.3% |
| Stocks and contracts in progress3 | €2,050 | €2,719 | €814 | €788 | ▼ 3.2% |
| Stocks30/36 | - | - | - | €788 | - |
| Amounts receivable within one year40/41 | €954 | €270 | €4,875 | €59 | ▼ 98.8% |
| Other amounts receivable41 | - | - | - | €59 | - |
| Cash at bank and in hand54/58 | €3,749 | €6,298 | €6,772 | €4,475 | ▼ 33.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €6,753 | €9,287 | €12,461 | €13,122 | ▲ 5.3% |
| Equity10/15 | -€41,990 | -€33,912 | -€18,096 | -€18,090 | = |
| Contributions10/11 | €31,250 | €31,250 | €31,250 | €31,250 | = |
| Reserves13 | €2,814 | €2,814 | €2,814 | €2,814 | = |
| Distributable reserves133 | - | - | - | €2,814 | - |
| Profit (loss) carried forward14 | -€76,054 | -€67,976 | -€52,160 | -€52,154 | = |
| Amounts payable17/49 | €48,743 | €43,199 | €30,557 | €31,212 | ▲ 2.1% |
| Amounts payable within one year42/48 | €48,743 | €43,199 | €30,557 | €31,212 | ▲ 2.1% |
| Trade debts44 | €10,099 | €15,554 | €6,145 | €7,689 | ▲ 25.1% |
| Suppliers440/4 | - | - | - | €7,689 | - |
| Taxes, remuneration and social security45 | - | - | - | €20,607 | - |
| Taxes450/3 | - | - | - | €3,633 | - |
| Remuneration and social security454/9 | - | - | - | €16,974 | - |
| Other amounts payable47/48 | - | - | - | €2,916 | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,641 | €8,078 | €15,816 | €6 | ▼ 100.0% |
| + Depreciation and write-downs630 | €335 | - | - | - | - |
| Operating cash flow (approximation) | €8,976 | €8,078 | €15,816 | €6 | ▼ 100.0% |
| Change in cash | - | €2,549 | €474 | -€2,297 | ▼ 585% |
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
2025
15-01
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise de Liège, division Namur · event 08-01-2025
2023
12-10
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Namur · event 05-10-2023
2022
19-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
30-06
Financial
Weakest financial yearnet €6 ▼100%
Net result drops to €6, the lowest in the series.
2021
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Highest result since 2019net €15,816 ▲95.8%
Operating result €19,343, net result €15,816, both a record.
2020
01-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
11-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
13-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
28-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
02-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
04-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2014
26-11
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2013
02-12
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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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Directors · office · real estate
Directors
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JESSICA DALLAPICCOLA Avenue Des Francais 12, 5060 09 Sambreville-Tamines |
05-10-2023 → 08-01-2025 |