OWASES
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
1 signal. The signal on the left, the evidence on the right.
+raises risk
raises risk · Filed more than 90 days late
The financial year that closed on 02-10-2023 was due by 02-05-2024 and was filed on 25-10-2024, 176 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2023
176 d late
2022
29 d late
2021
24 d late
2020
60 d early
2019
66 d late
2018
on the day
2017
29 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 38 days after the deadline; the Belgian median for financial year 2023 is 3 days before the deadline, and 40% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Turnover
€165,718▼ 26.3%
2021 · €224,928
EBIT margin
-31.7%▼ 0.7pp
2021 · -30.9%
Net result
€212,082
2022 · -€60,829
Working capital
-€211,342▼ 35.9%
2021 · -€155,568
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€175,672€179,887▲ 2.4%€224,928▲ 25.0%€165,718▼ 26.3%
Operating result-€11,271-€73,852▼ 555%-€69,598▲ 5.8%-€52,472▲ 24.6%€220,173
Net result-€14,415-€78,763▼ 446%-€76,815▲ 2.5%-€60,829▲ 20.8%€212,082
EBIT margin-6.4%-41.1%▼ 34.6pp-30.9%▲ 10.1pp-31.7%▼ 0.7pp
Equity€5,065▼ 74.0%-€73,698-€150,513▼ 104%-€211,342▼ 40.4%€740
Total assets€75,523▲ 57.7%€82,182▲ 8.8%€80,974▼ 1.5%€16,276▼ 79.9%€740▼ 95.5%
Debt€70,458▲ 148%€155,880▲ 121%€231,487▲ 48.5%€227,617▼ 1.7%
Working capital-€23,933▼ 1,512%-€83,962▼ 251%-€155,568▼ 85.3%-€211,342▼ 35.9%
Staff (FTE)3.1▲ 210%2.4▼ 22.6%1.8▼ 25.0%1.5▼ 16.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €220,173 after a loss of €52,472 in 2022, the highest result in the available series.
Key figures and ratios
Staff costs
€288▼
2022 · €54,326
Ratios withheld: a balance sheet total of €740 is too small for a meaningful ratio.
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 | €175,672 | €179,887 | €224,928 | €165,718 | - | - |
| Non-recurring operating income76A | - | - | - | - | €226,999 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €233,730 | €177,145 | €6,012 | ▼ 96.6% |
| Remuneration, social security and pensions62 | - | - | €52,347 | €54,326 | €288 | ▼ 99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,149 | €15,841 | €7,154 | €2,854 | - | - |
| Other operating charges640/8 | - | - | €2,733 | €798 | €595 | ▼ 25.4% |
| Non-recurring operating charges66A | - | - | - | €2,201 | - | - |
| Gross operating margin9900 | €55,477 | €17,366 | -€7,363 | €7,707 | €221,056 | ▲ 2,768% |
| Operating profit (loss)9901 | -€11,271 | -€73,852 | -€69,598 | -€52,472 | €220,173 | ▲ 520% |
| Financial income75/76B | - | - | €7 | €387 | €1 | ▼ 99.8% |
| Recurring financial income75 | €27 | €67 | €7 | €387 | €1 | ▼ 99.8% |
| Financial charges65/66B | - | - | €7,629 | €8,733 | €8,092 | ▼ 7.3% |
| Recurring financial charges65 | €2,259 | €4,978 | €7,629 | €8,733 | €8,092 | ▼ 7.3% |
| Profit (loss) for the period before taxes9903 | -€13,503 | -€78,763 | -€77,219 | -€60,818 | €212,082 | ▲ 449% |
| Income taxes67/77 | €912 | - | -€404 | €10 | - | - |
| Profit (loss) for the period9904 | -€14,415 | -€78,763 | -€76,815 | -€60,829 | €212,082 | ▲ 449% |
| Profit (loss) for the period to be appropriated9905 | -€14,415 | -€78,763 | -€76,815 | -€60,829 | €212,082 | ▲ 449% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €75,523 | €82,182 | €80,974 | €16,276 | €740 | ▼ 95.5% |
| Fixed assets21/28 | €29,855 | €10,264 | €5,054 | - | - | - |
| Tangible fixed assets22/27 | €26,105 | €10,264 | €5,054 | - | - | - |
| Plant, machinery and equipment23 | - | - | €4,167 | - | - | - |
| Furniture and vehicles24 | - | - | €718 | - | - | - |
| Other tangible fixed assets26 | - | - | €169 | - | - | - |
| Financial fixed assets28 | €3,750 | - | - | - | - | - |
| Current assets29/58 | €45,668 | €71,918 | €75,919 | €16,276 | €740 | ▼ 95.5% |
| Stocks and contracts in progress3 | €13,781 | €22,739 | €10,870 | - | - | - |
| Stocks30/36 | - | - | €10,870 | - | - | - |
| Amounts receivable within one year40/41 | €18,018 | €35,975 | €37,397 | €10,225 | €740 | ▼ 92.8% |
| Trade receivables40 | - | - | €37,397 | €10,225 | - | - |
| Other amounts receivable41 | - | - | - | - | €740 | - |
| Cash at bank and in hand54/58 | €12,060 | €12,606 | €27,166 | €5,509 | - | - |
| Deferred charges and accrued income490/1 | - | - | €486 | €541 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €75,523 | €82,182 | €80,974 | €16,276 | €740 | ▼ 95.5% |
| Equity10/15 | €5,065 | -€73,698 | -€150,513 | -€211,342 | €740 | ▲ 100% |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,855 | €1,855 | €1,855 | €1,855 | - | - |
| Non-distributable reserves130/1 | - | - | €1,855 | €1,855 | - | - |
| Reserves not available under the articles1311 | - | - | €1,855 | €1,855 | - | - |
| Profit (loss) carried forward14 | -€2,990 | -€81,753 | -€158,568 | -€219,397 | -€5,460 | ▲ 97.5% |
| Amounts payable17/49 | €70,458 | €155,880 | €231,487 | €227,617 | - | - |
| Amounts payable after more than one year17 | €857 | - | - | - | - | - |
| Amounts payable within one year42/48 | €69,601 | €155,880 | €231,487 | €227,617 | - | - |
| Trade debts44 | €15,658 | €34,341 | €58,762 | €40,386 | - | - |
| Suppliers440/4 | - | - | €58,762 | €40,386 | - | - |
| Taxes, remuneration and social security45 | - | - | €14,764 | €484 | - | - |
| Taxes450/3 | - | - | €7,434 | €484 | - | - |
| Remuneration and social security454/9 | - | - | €7,330 | - | - | - |
| Other amounts payable47/48 | - | - | €157,961 | €186,747 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,415 | -€78,763 | -€76,815 | -€60,829 | €212,082 | ▲ 449% |
| + Depreciation and write-downs630 | €9,149 | €15,841 | €7,154 | €2,854 | - | - |
| Operating cash flow (approximation) | -€5,266 | -€62,922 | -€69,661 | -€57,975 | €212,082 | ▲ 466% |
| Investment in fixed assets (approximation) | - | €3,750 | -€1,945 | - | - | - |
| Change in cash | - | €546 | €14,560 | -€21,657 | - | - |
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
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 176 days late
2023
02-10
Financial
Back to profitnet €212,082
Net result €212,082 after 4 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 24 days late
2021
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€78,763
Net result drops to -€78,763, the lowest in the series.
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 66 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 57 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 61 days late
2015
07-10
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 68 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Structure & network
Owners and holdings
Owners 0
No owner stated in the accounts, acts or LEI register we read.
Stated earlier (2)
An older source named these owners; newer accounts no longer list them.
-
80%
-
20%
Holdings 0
The accounts to 02-10-2023 list no holdings, and no other source names one.
According to the annual accounts to 02-10-2023 of OWASES 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.