PARDIS
InactiveInactive; last annual accounts for fiscal year 2022.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2022 was due by 30-04-2023 and was filed on 13-03-2023, 48 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2022
48 d early
2021
3 d early
2020
24 d early
2019
23 d early
2018
5 d early
2017
6 d early
2016
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 16 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)
Financials · fiscal year 2022, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€43,486▼ 80.3%
2021 · €221,035
Working capital
-€12.1m▼ 299%
2021 · -€3.0m
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
Line20182019202020212022
Operating result€419,757-€576,406▲ 37.3%€538,531▼ 6.6%€689,637▲ 28.1%€480,199▼ 30.4%
Net result€1.2m-€1.3m▲ 10.8%€333,786▼ 74.4%€221,035▼ 33.8%€43,486▼ 80.3%
Equity€22.1m-€23.5m▲ 5.9%€22.7m▼ 3.0%€23.0m▲ 1.0%€23.0m▲ 0.2%
Total assets€67.2m-€74.4m▲ 10.8%€82.6m▲ 11.0%€91.3m▲ 10.5%€93.3m▲ 2.2%
Debt€44.9m-€50.9m▲ 13.3%€59.8m▲ 17.5%€68.2m▲ 14.1%€70.2m▲ 2.9%
Working capital€7.0m-€6.5m▼ 7.4%-€23,985-€3.0m▼ 12,529%-€12.1m▼ 299%
Why a figure moved sharply
- 2022 Net result -80% on 2021. This fiscal year ran 9 months, the previous one 12.
- 2020 Net result -74% on 2019. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2022; 2022 is 30% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €93.3m
Fixed assets
€76.2m ▼ 4.2%
Current assets
€17.1m ▲ 45.8%
Equity and liabilities €93.3m
Equity
€23.0m ▲ 0.2%
Provisions
€54,729 ▼ 9.6%
Debt
€70.2m ▲ 2.9%
Debt's share of the balance-sheet total rises from 74.8% to 75.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€629,678▼
2021 · €887,282
Cash flow
€192,966▼
2021 · €418,680
Current ratio
0.59▼
2021 · 0.79
Debt to equity
3.05▲
2021 · 2.97
ROE
0.2%▼
2021 · 1.0%
ROA
0.0%▼
2021 · 0.2%
Interest coverage
0.72▼
2021 · 0.96
Debt ≤ 1 year
€29.2m▲
2021 · €14.8m
Debt > 1 year
€40.7m▼
2021 · €53.4m
Income taxes
€18,262▼
2021 · €78,701
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 | 2022 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €97,067 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €208,008 | €222,753 | €232,969 | €197,645 | €149,479 | ▼ 24.4% |
| Other operating charges640/8 | €122,916 | - | - | €85,237 | €81,805 | ▼ 4.0% |
| Non-recurring operating charges66A | €20,292 | - | - | - | - | - |
| Gross operating margin9900 | €770,973 | €886,288 | €856,682 | €972,519 | €711,483 | ▼ 26.8% |
| Operating profit (loss)9901 | €419,757 | €576,406 | €538,531 | €689,637 | €480,199 | ▼ 30.4% |
| Financial income75/76B | €1.1m | - | - | €525,497 | €445,679 | ▼ 15.2% |
| Recurring financial income75 | €1.1m | €1.4m | €481,285 | €525,497 | €445,679 | ▼ 15.2% |
| Financial charges65/66B | €327,522 | - | - | €923,156 | €869,948 | ▼ 5.8% |
| Recurring financial charges65 | €327,522 | €605,491 | €577,469 | €923,156 | €869,948 | ▼ 5.8% |
| Profit (loss) for the period before taxes9903 | €1.2m | €1.4m | €442,346 | €291,977 | €55,930 | ▼ 80.8% |
| Transfer from deferred taxes780 | €7,759 | - | - | €7,759 | €5,819 | ▼ 25.0% |
| Income taxes67/77 | €66,397 | €117,330 | €116,319 | €78,701 | €18,262 | ▼ 76.8% |
| Profit (loss) for the period9904 | €1.2m | €1.3m | €333,786 | €221,035 | €43,486 | ▼ 80.3% |
| Transfer from tax-exempt reserves789 | €15,068 | - | - | €15,068 | €11,301 | ▼ 25.0% |
| Profit (loss) for the period to be appropriated9905 | €1.2m | €1.3m | €348,854 | €236,103 | €54,787 | ▼ 76.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €67.2m | €74.4m | €82.6m | €91.3m | €93.3m | ▲ 2.2% |
| Fixed assets21/28 | €56.2m | €65.3m | €72.9m | €79.5m | €76.2m | ▼ 4.2% |
| Tangible fixed assets22/27 | €3.6m | €3.9m | €3.7m | €3.5m | €3.4m | ▼ 3.1% |
| Land and buildings22 | €2.8m | - | - | €2.9m | €2.8m | ▼ 3.0% |
| Furniture and vehicles24 | - | - | - | - | €499 | - |
| Other tangible fixed assets26 | €780,566 | - | - | €610,969 | €589,818 | ▼ 3.5% |
| Financial fixed assets28 | €52.6m | €61.4m | €69.2m | €76.0m | €72.8m | ▼ 4.3% |
| Current assets29/58 | €11.0m | €9.1m | €9.7m | €11.7m | €17.1m | ▲ 45.8% |
| Amounts receivable within one year40/41 | €3.9m | €7.3m | €9.3m | €8.0m | €3.5m | ▼ 56.2% |
| Trade receivables40 | €6,065 | - | - | €118,378 | €261,157 | ▲ 121% |
| Other amounts receivable41 | €3.9m | - | - | €7.9m | €3.3m | ▼ 58.8% |
| Current investments50/53 | €150 | €149 | €149 | €149 | €99 | ▼ 33.6% |
| Cash at bank and in hand54/58 | €7.0m | €1.8m | €341,959 | €3.6m | €13.3m | ▲ 273% |
| Deferred charges and accrued income490/1 | €55,596 | - | - | €152,463 | €323,130 | ▲ 112% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €67.2m | €74.4m | €82.6m | €91.3m | €93.3m | ▲ 2.2% |
| Equity10/15 | €22.1m | €23.5m | €22.7m | €23.0m | €23.0m | ▲ 0.2% |
| Contributions10/11 | €442,252 | €442,252 | €442,252 | €1.2m | €1.2m | = |
| Capital10 | €442,252 | - | - | €442,252 | €442,252 | = |
| Issued capital100 | €442,252 | - | - | €442,252 | €442,252 | = |
| Outside capital11 | €772,470 | - | - | €772,470 | €772,470 | = |
| Share premium1100/10 | - | - | - | €772,470 | €772,470 | = |
| Revaluation surpluses12 | €8.7m | - | - | €8.7m | €8.7m | = |
| Reserves13 | €607,016 | €591,947 | €576,879 | €561,811 | €550,510 | ▼ 2.0% |
| Non-distributable reserves130/1 | - | - | - | €444,225 | €444,225 | = |
| Legal reserve130 | €444,226 | - | - | €444,225 | €444,225 | = |
| Tax-exempt reserves132 | €162,790 | - | - | €117,586 | €106,285 | ▼ 9.6% |
| Profit (loss) carried forward14 | €11.6m | €12.9m | €12.2m | €12.5m | €12.5m | ▲ 0.4% |
| Provisions and deferred taxes16 | €83,824 | €76,065 | €68,307 | €60,548 | €54,729 | ▼ 9.6% |
| Deferred taxes168 | €83,824 | - | - | €60,548 | €54,729 | ▼ 9.6% |
| Amounts payable17/49 | €44.9m | €50.9m | €59.8m | €68.2m | €70.2m | ▲ 2.9% |
| Amounts payable after more than one year17 | €40.9m | €47.9m | €50.1m | €53.4m | €40.7m | ▼ 23.8% |
| Financial debts170/4 | €27.9m | - | - | €41.6m | €28.9m | ▼ 30.6% |
| Other amounts payable178/9 | €13.0m | - | - | €11.8m | €11.8m | = |
| Amounts payable within one year42/48 | €4.0m | €2.7m | €9.7m | €14.8m | €29.2m | ▲ 97.6% |
| Current portion of amounts payable after more than one year42 | €2.0m | - | - | €2.6m | €9.0m | ▲ 241% |
| Financial debts43 | - | - | - | €8.0m | €11.9m | ▲ 48.7% |
| Credit institutions430/8 | - | - | - | €8.0m | €11.9m | ▲ 48.7% |
| Trade debts44 | €240,976 | €137,468 | €28,323 | €26,841 | €146,097 | ▲ 444% |
| Suppliers440/4 | €240,976 | - | - | €26,841 | €146,097 | ▲ 444% |
| Taxes, remuneration and social security45 | €93,626 | - | - | €18,836 | €56,993 | ▲ 203% |
| Taxes450/3 | €93,626 | - | - | €18,836 | €56,993 | ▲ 203% |
| Other amounts payable47/48 | €1.7m | - | - | €4.1m | €8.0m | ▲ 98.2% |
| Accrued charges and deferred income492/3 | €21,038 | - | - | €23,401 | €331,074 | ▲ 1,315% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.2m | €1.3m | €333,786 | €221,035 | €43,486 | ▼ 80.3% |
| + Depreciation and write-downs630 | €208,008 | €222,753 | €232,969 | €197,645 | €149,479 | ▼ 24.4% |
| Operating cash flow (approximation) | €1.4m | €1.5m | €566,755 | €418,680 | €192,966 | ▼ 53.9% |
| Investment in fixed assets (approximation) | - | -€9.3m | -€7.9m | -€6.8m | €3.2m | ▲ 147% |
| Change in cash | - | -€5.2m | -€1.5m | €3.2m | €9.7m | ▲ 202% |
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
2023
13-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-09
Financial
Weakest financial yearnet €43,486 ▼80.3%
Net result drops to €43,486, the lowest in the series.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €1.3m ▲10.8%
Net result €1.3m, the highest in the series.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
29-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
23-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
Owners 0
The accounts to 30-09-2022 list no shareholders, and no other source names one.
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
Stated earlier (5)
An older source named these holdings; newer accounts no longer list them.
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100%
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100%
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100%
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100%
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88.7%
According to the annual accounts to 30-09-2022 of PARDIS 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.
Recognitions · licences · registrations
Legal Entity Identifier
549300X1ONZXQEL5VS09