Nivaxis Gate
Open bankruptcyFinancials · financial year 2023, micro format
2023 annual accounts filed late (49 days) Filed on 18 September 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00468580.
Equity
-€441,088▼ 257%
2022 · -€123,720
Total assets
€384,712▼ 11.8%
2022 · €436,120
Net result
-€317,368▼ 5,229%
2022 · -€5,956
Working capital
-€100,392▼ 30.0%
2022 · -€77,220
Trend over the years
2019 to 2023, 5 financial years
The operating result stays negative: a loss of €299,258 in 2023 against €1,707 in 2022; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€299,258
2023
Net result-€317,368
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€384,712
2023
Equity-€441,088
2023
Debt€825,800
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€100,392
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-82.5%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-114.7%
2023
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.67
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)4.4
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Operating result-€44,357--€123,161▼ 178%-€393,984▼ 220%-€1,707▲ 99.6%-€299,258▼ 17,431%
Net result-€44,547--€124,501below the sector's middle half▼ 179%-€398,717below the sector's middle half▼ 220%-€5,956within the sector's middle half▲ 98.5%-€317,368below the sector's middle half▼ 5,229%
Equity€105,453--€19,048below the sector's middle half-€117,765below the sector's middle half▼ 518%-€123,720below the sector's middle half▼ 5.1%-€441,088below the sector's middle half▼ 257%
Total assets€138,878-€106,287below the sector's middle half▼ 23.5%€389,746within the sector's middle half▲ 267%€436,120within the sector's middle half▲ 11.9%€384,712within the sector's middle half▼ 11.8%
Debt€33,425-€125,335▲ 275%€507,511▲ 305%€559,841▲ 10.3%€825,800▲ 47.5%
Working capital€100,818--€30,623within the sector's middle half-€35,088within the sector's middle half▼ 14.6%-€77,220below the sector's middle half▼ 120%-€100,392below the sector's middle half▼ 30.0%
Solvency75.9%--17.9%below the sector's middle half▼ 93.9pp-30.2%below the sector's middle half▼ 12.3pp-28.4%below the sector's middle half▲ 1.8pp-114.7%below the sector's middle half▼ 86.3pp
Current ratio6.18-0.73within the sector's middle half▼ 5.460.86within the sector's middle half▲ 0.130.76within the sector's middle half▼ 0.090.67within the sector's middle half▼ 0.10
Return on assets (ROA)-32.1%--117.1%below the sector's middle half▼ 85.1pp-102.3%below the sector's middle half▲ 14.8pp-1.4%within the sector's middle half▲ 100.9pp-82.5%below the sector's middle half▼ 81.1pp
Staff (FTE)5.1above the sector's middle half6.2▲ 21.6%4.4
above
within
below
the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €384,712
Fixed assets
€185,407 ▼ 0.2%
Current assets
€199,305 ▼ 20.4%
Equity and liabilities
Equity-€441,088
Debt€825,800
Equity is negative: debt (€825,800) exceeds the balance-sheet total (€384,712).
Key figures and ratios
EBITDA
-€271,168▼
2022 · €20,900
Cash flow
-€289,278▼
2022 · €16,651
Quick ratio
0.63▼
2022 · 0.73
Interest coverage
-14.97▼
2022 · 4.92
Debt ≤ 1 year
€299,697▼
2022 · €327,649
Debt > 1 year
€466,111▲
2022 · €194,038
Staff costs
€242,827▲
2022 · €225,241
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 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €170,664 | €225,241 | €242,827 | ▲ 7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €589 | €7,312 | €12,912 | €22,607 | €28,090 | ▲ 24.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €13,284 | - |
| Other operating charges640/8 | - | - | €38,755 | €9,434 | €54,650 | ▲ 479% |
| Gross operating margin9900 | -€39,754 | -€48 | -€171,654 | €255,575 | €39,593 | ▼ 84.5% |
| Operating profit (loss)9901 | -€44,357 | -€123,161 | -€393,984 | -€1,707 | -€299,258 | ▼ 17,431% |
| Financial income75/76B | - | - | - | - | €1 | - |
| Recurring financial income75 | - | €1 | - | - | €1 | - |
| Financial charges65/66B | - | - | €4,733 | €4,249 | €18,111 | ▲ 326% |
| Recurring financial charges65 | €190 | €1,340 | €4,733 | €4,249 | €18,111 | ▲ 326% |
| Profit (loss) for the period before taxes9903 | -€44,547 | -€124,501 | -€398,717 | -€5,956 | -€317,368 | ▼ 5,229% |
| Profit (loss) for the period9904 | -€44,547 | -€124,501 | -€398,717 | -€5,956 | -€317,368 | ▼ 5,229% |
| Profit (loss) for the period to be appropriated9905 | -€44,547 | -€124,501 | -€398,717 | -€5,956 | -€317,368 | ▼ 5,229% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €138,878 | €106,287 | €389,746 | €436,120 | €384,712 | ▼ 11.8% |
| Fixed assets21/28 | €18,613 | €24,817 | €180,188 | €185,691 | €185,407 | ▼ 0.2% |
| Tangible fixed assets22/27 | €18,613 | €24,817 | €70,188 | €75,141 | €74,607 | ▼ 0.7% |
| Plant, machinery and equipment23 | - | - | €48,128 | €57,654 | €62,086 | ▲ 7.7% |
| Furniture and vehicles24 | - | - | €6,774 | €7,343 | €7,301 | ▼ 0.6% |
| Leasing and similar rights25 | - | - | - | - | €218 | - |
| Other tangible fixed assets26 | - | - | €15,286 | €10,144 | €5,002 | ▼ 50.7% |
| Financial fixed assets28 | - | - | €110,000 | €110,550 | €110,800 | ▲ 0.2% |
| Current assets29/58 | €120,265 | €81,470 | €209,558 | €250,429 | €199,305 | ▼ 20.4% |
| Stocks and contracts in progress3 | - | €6,202 | €6,922 | €10,541 | €9,430 | ▼ 10.5% |
| Stocks30/36 | - | - | €6,922 | €10,541 | €9,430 | ▼ 10.5% |
| Amounts receivable within one year40/41 | €14,395 | €24,305 | €56,510 | €200,432 | €122,734 | ▼ 38.8% |
| Trade receivables40 | - | - | €56,510 | €200,432 | €121,802 | ▼ 39.2% |
| Other amounts receivable41 | - | - | - | - | €932 | - |
| Cash at bank and in hand54/58 | €105,871 | €50,732 | €115,020 | €39,456 | €20,598 | ▼ 47.8% |
| Deferred charges and accrued income490/1 | - | - | €31,106 | €0 | €46,543 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €138,878 | €106,287 | €389,746 | €436,120 | €384,712 | ▼ 11.8% |
| Equity10/15 | €105,453 | -€19,048 | -€117,765 | -€123,720 | -€441,088 | ▼ 257% |
| Contributions10/11 | €150,000 | €150,000 | €450,000 | €450,000 | €450,000 | = |
| Capital10 | - | - | €450,000 | €450,000 | €450,000 | = |
| Issued capital100 | - | - | €450,000 | €450,000 | €450,000 | = |
| Profit (loss) carried forward14 | -€44,547 | -€169,048 | -€567,765 | -€573,720 | -€891,088 | ▼ 55.3% |
| Amounts payable17/49 | €33,425 | €125,335 | €507,511 | €559,841 | €825,800 | ▲ 47.5% |
| Amounts payable after more than one year17 | - | €2,168 | €214,038 | €194,038 | €466,111 | ▲ 140% |
| Financial debts170/4 | - | - | €200,000 | €180,000 | €452,356 | ▲ 151% |
| Other amounts payable178/9 | - | - | €14,038 | €14,038 | €13,755 | ▼ 2.0% |
| Amounts payable within one year42/48 | €19,447 | €112,093 | €244,645 | €327,649 | €299,697 | ▼ 8.5% |
| Trade debts44 | €15,456 | €67,248 | €161,252 | €173,290 | €249,841 | ▲ 44.2% |
| Suppliers440/4 | - | - | €161,252 | €173,290 | €249,841 | ▲ 44.2% |
| Taxes, remuneration and social security45 | - | - | €28,309 | €65,642 | €49,856 | ▼ 24.0% |
| Taxes450/3 | - | - | €2,681 | €44,473 | €26,385 | ▼ 40.7% |
| Remuneration and social security454/9 | - | - | €25,628 | €21,168 | €23,471 | ▲ 10.9% |
| Other amounts payable47/48 | - | - | €55,084 | €88,717 | - | - |
| Accrued charges and deferred income492/3 | - | - | €48,827 | €38,154 | €59,992 | ▲ 57.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€44,547 | -€124,501 | -€398,717 | -€5,956 | -€317,368 | ▼ 5,229% |
| + Depreciation and write-downs630 | €589 | €7,312 | €12,912 | €22,607 | €28,090 | ▲ 24.3% |
| Operating cash flow (approximation) | -€43,958 | -€117,189 | -€385,805 | €16,651 | -€289,278 | - |
| Investment in fixed assets (approximation) | - | -€13,517 | -€168,283 | -€28,109 | -€27,806 | ▲ 1.1% |
| Change in cash | - | -€55,138 | €64,288 | -€75,565 | -€18,858 | ▲ 75.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | micro format | 18-09-2024 | 2024-00468580 |
| 31-12-2022 | micro format | 24-11-2023 | 2023-00515609 |
| 31-12-2021 | micro format | 19-01-2023 | 2023-00006324 |
| 31-12-2020 | micro format | 15-07-2021 | 2021-35700189 |
| 31-12-2019 | micro format | 02-08-2020 | 2020-38700193 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 12,027 active companies whose main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203), figures are known for 6,068. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.