PARFINIM
InactiveSignals
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 30-09-2022 was due by 30-04-2023 and was filed on 05-10-2023, 158 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
2022
158 d late
2021
92 d late
2020
82 d late
2019
112 d late
2018
69 d late
2017
79 d late
2016
59 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 93 days after 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, abbreviated schema
Equity
€12.3m▼ 2.7%
2021 · €12.7m
Total assets
€13.4m▼ 17.6%
2021 · €16.2m
Net result
-€342,762
2021 · €597,622
Working capital
€12.3m▼ 2.6%
2021 · €12.6m
Trend over the years
In euros
In full-time equivalents (FTE)
In euros
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
Line20182019202020212022
Operating result-€27,201-€1.6m€3.8m▲ 138%€786,771▼ 79.5%-€340,212
Net result-€213,298-€1.6m€3.4m▲ 112%€597,622▼ 82.6%-€342,762
Equity€7.0m-€8.6m▲ 23.0%€12.1m▲ 39.6%€12.7m▲ 5.0%€12.3m▼ 2.7%
Total assets€11.1m-€12.3m▲ 10.7%€15.7m▲ 27.5%€16.2m▲ 3.0%€13.4m▼ 17.6%
Debt€4.0m-€3.7m▼ 8.5%€3.7m▼ 1.0%€3.5m▼ 3.3%€1.0m▼ 70.7%
Working capital€6.1m-€8.1m▲ 32.5%€12.0m▲ 48.0%€12.6m▲ 5.3%€12.3m▼ 2.6%
Staff (FTE)5.6-7.7▲ 37.5%9.4▲ 22.1%4.8▼ 48.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €340,212 after €786,771 in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €13.4m
Fixed assets
€13,789 ▼ 69.2%
Current assets
€13.3m ▼ 17.4%
Equity and liabilities €13.4m
Equity
€12.3m ▼ 2.7%
Debt
€1.0m ▼ 70.7%
Debt's share of the balance-sheet total falls from 21.8% to 7.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€334,495▼
2021 · €805,222
Cash flow
-€337,045▼
2021 · €616,073
Current ratio
12.87▲
2021 · 4.59
Quick ratio
10.24▲
2021 · 3.81
Debt to equity
0.08▼
2021 · 0.28
ROE
-2.8%▼
2021 · 4.7%
ROA
-2.6%▼
2021 · 3.7%
Interest coverage
-129.31▼
2021 · 171.54
Debt ≤ 1 year
€1.0m▼
2021 · €3.5m
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €392,819 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €529,973 | €527,397 | €505,939 | €18,451 | €5,717 | ▼ 69.0% |
| Other operating charges640/8 | - | - | - | €11,786 | €6,280 | ▼ 46.7% |
| Gross operating margin9900 | €3.2m | €2.7m | €5.1m | €1.2m | -€328,215 | ▼ 127% |
| Operating profit (loss)9901 | -€27,201 | €1.6m | €3.8m | €786,771 | -€340,212 | ▼ 143% |
| Financial income75/76B | - | - | - | €57,435 | €37 | ▼ 99.9% |
| Recurring financial income75 | €22,766 | €91,069 | €46,224 | €57,435 | €37 | ▼ 99.9% |
| Financial charges65/66B | - | - | - | €4,694 | €2,587 | ▼ 44.9% |
| Recurring financial charges65 | €210,160 | €7,648 | €3,744 | €4,694 | €2,587 | ▼ 44.9% |
| Profit (loss) for the period before taxes9903 | -€214,595 | €1.7m | €3.9m | €839,512 | -€342,762 | ▼ 141% |
| Income taxes67/77 | -€1,297 | €77,034 | €453,274 | €241,890 | - | - |
| Profit (loss) for the period9904 | -€213,298 | €1.6m | €3.4m | €597,622 | -€342,762 | ▼ 157% |
| Profit (loss) for the period to be appropriated9905 | -€213,298 | €1.6m | €3.4m | €597,622 | -€342,762 | ▼ 157% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11.1m | €12.3m | €15.7m | €16.2m | €13.4m | ▼ 17.6% |
| Fixed assets21/28 | €1.0m | €533,226 | €60,693 | €44,826 | €13,789 | ▼ 69.2% |
| Intangible fixed assets21 | €882,812 | €441,406 | - | - | - | - |
| Tangible fixed assets22/27 | €138,503 | €88,041 | €57,603 | €41,736 | €10,699 | ▼ 74.4% |
| Plant, machinery and equipment23 | - | - | - | €4,204 | €3,067 | ▼ 27.1% |
| Furniture and vehicles24 | - | - | - | €37,532 | €7,632 | ▼ 79.7% |
| Financial fixed assets28 | €689 | €3,779 | €3,090 | €3,090 | €3,090 | = |
| Current assets29/58 | €10.1m | €11.8m | €15.7m | €16.2m | €13.3m | ▼ 17.4% |
| Stocks and contracts in progress3 | €12,779 | €2.7m | €2.7m | €2.7m | €2.7m | = |
| Stocks30/36 | - | - | - | €2.7m | €2.7m | = |
| Amounts receivable within one year40/41 | €9.3m | €8.7m | €12.9m | €13.0m | €10.5m | ▼ 18.9% |
| Trade receivables40 | - | - | - | €10.0m | €4.6m | ▼ 53.7% |
| Other amounts receivable41 | - | - | - | €3.0m | €5.9m | ▲ 96.3% |
| Current investments50/53 | €383,023 | - | - | €8,557 | €8,558 | = |
| Cash at bank and in hand54/58 | €376,813 | €460,246 | €30,833 | €421,481 | €69,497 | ▼ 83.5% |
| Deferred charges and accrued income490/1 | - | - | - | €2,361 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11.1m | €12.3m | €15.7m | €16.2m | €13.4m | ▼ 17.6% |
| Equity10/15 | €7.0m | €8.6m | €12.1m | €12.7m | €12.3m | ▼ 2.7% |
| Contributions10/11 | €185,920 | €185,920 | €185,920 | €185,920 | €185,920 | = |
| Capital10 | - | - | - | €185,920 | €185,920 | = |
| Issued capital100 | - | - | - | €185,920 | €185,920 | = |
| Reserves13 | €4.6m | €4.6m | €4.6m | €4.6m | €4.6m | = |
| Non-distributable reserves130/1 | - | - | - | €18,592 | €18,592 | = |
| Legal reserve130 | - | - | - | €18,592 | €18,592 | = |
| Distributable reserves133 | - | - | - | €4.6m | €4.6m | = |
| Profit (loss) carried forward14 | €2.3m | €3.9m | €7.3m | €7.9m | €7.6m | ▼ 4.3% |
| Provisions and deferred taxes16 | €79,333 | - | - | - | - | - |
| Amounts payable17/49 | €4.0m | €3.7m | €3.7m | €3.5m | €1.0m | ▼ 70.7% |
| Amounts payable after more than one year17 | €37,979 | - | - | - | - | - |
| Amounts payable within one year42/48 | €4.0m | €3.7m | €3.7m | €3.5m | €1.0m | ▼ 70.6% |
| Trade debts44 | €728,729 | €3.1m | €2.9m | €2.6m | €611,040 | ▼ 76.9% |
| Suppliers440/4 | - | - | - | €2.6m | €611,040 | ▼ 76.9% |
| Taxes, remuneration and social security45 | - | - | - | €695,164 | €245,312 | ▼ 64.7% |
| Taxes450/3 | - | - | - | €695,164 | €244,644 | ▼ 64.8% |
| Remuneration and social security454/9 | - | - | - | - | €668 | - |
| Other amounts payable47/48 | - | - | - | €180,040 | €180,040 | = |
| Accrued charges and deferred income492/3 | - | - | - | €18,455 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€213,298 | €1.6m | €3.4m | €597,622 | -€342,762 | ▼ 157% |
| + Depreciation and write-downs630 | €529,973 | €527,397 | €505,939 | €18,451 | €5,717 | ▼ 69.0% |
| Operating cash flow (approximation) | €316,675 | €2.1m | €3.9m | €616,073 | -€337,045 | ▼ 155% |
| Investment in fixed assets (approximation) | - | -€38,619 | -€33,406 | -€2,584 | €25,320 | ▲ 1,080% |
| Change in cash | - | €83,433 | -€429,413 | €390,648 | -€351,984 | ▼ 190% |
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
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 158 days late
14-06
State Gazette act
General meeting · Merger
Accounting effect · Net-asset statement
23-02
State Gazette act
Board meeting · Merger
Accounting effect · Share issue
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 92 days late
30-09
Financial
Weakest financial yearnet -€342,762
Net result drops to -€342,762, the lowest in the series.
30-09
Financial
Liquidity triplescurrent ratio 12.87
Current ratio from 4.59 to 12.87; short-term debt falls from €3.5m to €1.0m.
2021
21-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 82 days late
2020
31-12
Financial
Highest result since 2018net €3.4m ▲112%
Operating result €3.8m, net result €3.4m, both a record.
31-12
Financial
Equity above €10mEq €12.1m ▲39.6%
2 profitable years in a row build equity to €12.1m.
20-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 112 days late
2019
31-12
Financial
Back to profitnet €1.6m
Net result €1.6m after one loss-making year.
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 69 days late
Show earlier events
2018
18-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 79 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 59 days late
2016
17-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 48 days late
2015
24-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 55 days late
2014
29-09
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 60 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:GROUP MINERVA
Recognitions · licences · registrations
Legal Entity Identifier
967600KHSXFLQXPAGU60