NOTERMAN MANAGEMENT
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 30-06-2024, 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
30-06-2024 close31-01-2025 deadline29-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 03-01-2024, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
28 d early
2022
on the day
2021
18 d early
2020
73 d early
2019
95 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 43 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 2023, micro schema
Equity
€67,614▲ 57.2%
2022 · €43,023
Total assets
€114,829▼ 6.4%
2022 · €122,675
Net result
€24,591▼ 15.2%
2022 · €28,986
Working capital
-€19,149▲ 13.2%
2022 · -€22,059
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
Operating result€61,669-€4,420▼ 92.8%€37,335▲ 745%€41,879▲ 12.2%€39,539▼ 5.6%
Net result€53,370--€735€27,175€28,986▲ 6.7%€24,591▼ 15.2%
Equity€13,618-€13,826▲ 1.5%€14,037▲ 1.5%€43,023▲ 207%€67,614▲ 57.2%
Total assets€220,101-€162,022▼ 26.4%€124,088▼ 23.4%€122,675▼ 1.1%€114,829▼ 6.4%
Debt€206,483-€148,196▼ 28.2%€110,051▼ 25.7%€79,653▼ 27.6%€47,215▼ 40.7%
Working capital-€30,470--€31,229▼ 2.5%-€41,153▼ 31.8%-€22,059▲ 46.4%-€19,149▲ 13.2%
Staff (FTE)1-1=1=1=1=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 6% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €114,829
Fixed assets
€88,324 ▲ 7.8%
Current assets
€26,504 ▼ 34.9%
Equity and liabilities €114,829
Equity
€67,614 ▲ 57.2%
Debt
€47,215 ▼ 40.7%
Debt's share of the balance-sheet total falls from 64.9% to 41.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€49,248▼
2022 · €49,824
Cash flow
€34,300▼
2022 · €36,931
Current ratio
0.58▼
2022 · 0.65
Debt to equity
0.70▼
2022 · 1.85
ROE
36.4%▼
2022 · 67.4%
ROA
21.4%▼
2022 · 23.6%
Interest coverage
42.12▲
2022 · 25.82
Debt ≤ 1 year
€45,654▼
2022 · €62,768
Income taxes
€13,779▲
2022 · €11,030
Staff costs
€50,883▲
2022 · €26,028
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 | - | - | - | €26,028 | €50,883 | ▲ 95.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,238 | €8,441 | €8,470 | €7,945 | €9,709 | ▲ 22.2% |
| Other operating charges640/8 | - | - | - | €1,830 | €1,543 | ▼ 15.7% |
| Gross operating margin9900 | €116,534 | €49,694 | €67,652 | €77,683 | €101,674 | ▲ 30.9% |
| Operating profit (loss)9901 | €61,669 | €4,420 | €37,335 | €41,879 | €39,539 | ▼ 5.6% |
| Financial income75/76B | - | - | - | €66 | €0 | ▼ 99.8% |
| Recurring financial income75 | €158 | €112 | - | €66 | €0 | ▼ 99.8% |
| Financial charges65/66B | - | - | - | €1,930 | €1,169 | ▼ 39.4% |
| Recurring financial charges65 | €3,425 | €2,823 | €7,769 | €1,930 | €1,169 | ▼ 39.4% |
| Profit (loss) for the period before taxes9903 | €58,401 | €1,709 | €29,566 | €40,016 | €38,370 | ▼ 4.1% |
| Income taxes67/77 | €5,032 | €2,444 | €2,391 | €11,030 | €13,779 | ▲ 24.9% |
| Profit (loss) for the period9904 | €53,370 | -€735 | €27,175 | €28,986 | €24,591 | ▼ 15.2% |
| Profit (loss) for the period to be appropriated9905 | €53,285 | -€832 | €27,175 | €28,986 | €24,591 | ▼ 15.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €220,101 | €162,022 | €124,088 | €122,675 | €114,829 | ▼ 6.4% |
| Fixed assets21/28 | €104,439 | €97,027 | €89,912 | €81,967 | €88,324 | ▲ 7.8% |
| Tangible fixed assets22/27 | €104,439 | €97,027 | €89,912 | €81,967 | €88,324 | ▲ 7.8% |
| Land and buildings22 | - | - | - | €81,967 | €85,469 | ▲ 4.3% |
| Furniture and vehicles24 | - | - | - | - | €2,855 | - |
| Current assets29/58 | €115,662 | €64,995 | €34,176 | €40,709 | €26,504 | ▼ 34.9% |
| Amounts receivable within one year40/41 | €111,415 | €44,758 | €23,786 | €6,428 | €10,552 | ▲ 64.1% |
| Trade receivables40 | - | - | - | €6,428 | €9,240 | ▲ 43.7% |
| Other amounts receivable41 | - | - | - | - | €1,312 | - |
| Cash at bank and in hand54/58 | €2,578 | €17,479 | €7,892 | €31,459 | €15,363 | ▼ 51.2% |
| Deferred charges and accrued income490/1 | - | - | - | €2,821 | €589 | ▼ 79.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €220,101 | €162,022 | €124,088 | €122,675 | €114,829 | ▼ 6.4% |
| Equity10/15 | €13,618 | €13,826 | €14,037 | €43,023 | €67,614 | ▲ 57.2% |
| Contributions10/11 | €6,200 | - | - | €6,200 | €6,200 | = |
| Reserves13 | €3,296 | €3,394 | €3,394 | €3,394 | €3,394 | = |
| Non-distributable reserves130/1 | - | - | - | €1,855 | €1,855 | = |
| Reserves not available under the articles1311 | - | - | - | €1,855 | €1,855 | = |
| Tax-exempt reserves132 | - | - | - | €1,539 | €1,539 | = |
| Profit (loss) carried forward14 | €4,122 | €4,233 | €4,443 | €33,429 | €58,021 | ▲ 73.6% |
| Amounts payable17/49 | €206,483 | €148,196 | €110,051 | €79,653 | €47,215 | ▼ 40.7% |
| Amounts payable after more than one year17 | €60,351 | €51,971 | €34,722 | €16,885 | - | - |
| Financial debts170/4 | - | - | - | €16,885 | - | - |
| Amounts payable within one year42/48 | €146,132 | €96,225 | €75,329 | €62,768 | €45,654 | ▼ 27.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €17,837 | €16,885 | ▼ 5.3% |
| Trade debts44 | €38,888 | €75,250 | €674 | €30,811 | €1,373 | ▼ 95.5% |
| Suppliers440/4 | - | - | - | €30,811 | €1,373 | ▼ 95.5% |
| Taxes, remuneration and social security45 | - | - | - | €6,836 | €27,195 | ▲ 298% |
| Taxes450/3 | - | - | - | €5,135 | €15,929 | ▲ 210% |
| Remuneration and social security454/9 | - | - | - | €1,701 | €11,266 | ▲ 562% |
| Other amounts payable47/48 | - | - | - | €7,283 | €200 | ▼ 97.3% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,561 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €53,370 | -€735 | €27,175 | €28,986 | €24,591 | ▼ 15.2% |
| + Depreciation and write-downs630 | €8,238 | €8,441 | €8,470 | €7,945 | €9,709 | ▲ 22.2% |
| Operating cash flow (approximation) | €61,608 | €7,707 | €35,645 | €36,931 | €34,300 | ▼ 7.1% |
| Investment in fixed assets (approximation) | - | -€1,029 | -€1,355 | €0 | -€16,066 | - |
| Change in cash | - | €14,901 | -€9,587 | €23,568 | -€16,096 | ▼ 168% |
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
03-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €27,175
Net result €27,175 after one loss-making year.
2020
19-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Weakest financial yearnet -€735
Net result drops to -€735, the lowest in the series.
2019
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
09-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
19-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
28-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
10-11
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
14-07
State Gazette act
Board meeting · Director appointment
Permanent representative · Mandate compensation
2014
03-12
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2013
23-01
State Gazette act
General meeting · Legal-form conversion
Net-asset statement · Capital
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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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