PYRAMID DOCUMENT SOLUTIONS
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 27-07-2023 was due by 27-02-2024 and was filed on 10-07-2024, 134 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
134 d late
2022
30 d late
2021
32 d early
2020
32 d early
2019
3 d late
2018
19 d early
2017
76 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 1 day 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
Equity
€1.6m▲ 0.1%
2022 · €1.6m
Total assets
€1.8m▼ 15.3%
2022 · €2.1m
Net result
€1,674▼ 96.2%
2022 · €44,565
Working capital
€1.6m▲ 1.0%
2022 · €1.6m
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€280,841▲ 262%€361,243▲ 28.6%€202,008▼ 44.1%€76,068▼ 62.3%€2,855▼ 96.2%
Net result€178,089▲ 117%€268,377▲ 50.7%€149,112▼ 44.4%€44,565▼ 70.1%€1,674▼ 96.2%
Equity€1.2m▲ 18.1%€1.4m▲ 23.1%€1.6m▲ 10.4%€1.6m▲ 2.8%€1.6m▲ 0.1%
Total assets€2.6m▲ 20.7%€2.8m▲ 9.6%€2.7m▼ 6.7%€2.1m▼ 20.6%€1.8m▼ 15.3%
Debt€1.4m▲ 23.0%€1.4m▼ 1.3%€1.1m▼ 24.0%€480,444▼ 55.1%€156,581▼ 67.4%
Working capital€732,898▲ 33.3%€1.0m▲ 40.9%€1.2m▲ 17.7%€1.6m▲ 30.5%€1.6m▲ 1.0%
Staff (FTE)5.4▲ 12.5%6▲ 11.1%7▲ 16.7%6.2▼ 11.4%1▼ 83.9%
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 has fallen three years in a row; 2023 is 96% below 2022 and is the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.8m
Fixed assets
€58,046 ▼ 30.5%
Current assets
€1.7m ▼ 14.7%
Equity and liabilities €1.8m
Equity
€1.6m ▲ 0.1%
Debt
€156,581 ▼ 67.4%
Debt's share of the balance-sheet total falls from 22.8% to 8.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€28,251▼
2022 · €308,690
Cash flow
€27,070▼
2022 · €277,187
Current ratio
14.05▲
2022 · 4.64
Debt to equity
0.10▼
2022 · 0.30
ROE
0.1%▼
2022 · 2.7%
ROA
0.1%▼
2022 · 2.1%
Interest coverage
28.68▼
2022 · 80.52
Debt ≤ 1 year
€122,819▼
2022 · €435,733
Debt > 1 year
€33,762=
2022 · €33,762
Income taxes
€675▼
2022 · €34,094
Staff costs
€481▼
2022 · €512,172
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 | - | - | €458,059 | €512,172 | €481 | ▼ 99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €203,519 | €231,590 | €228,290 | €232,622 | €25,396 | ▼ 89.1% |
| Other operating charges640/8 | - | - | €10,346 | €10,603 | - | - |
| Non-recurring operating charges66A | - | - | - | €104,664 | - | - |
| Gross operating margin9900 | €856,098 | €1.0m | €898,704 | €936,130 | €28,732 | ▼ 96.9% |
| Operating profit (loss)9901 | €280,841 | €361,243 | €202,008 | €76,068 | €2,855 | ▼ 96.2% |
| Financial income75/76B | - | - | €5,120 | €6,425 | €479 | ▼ 92.5% |
| Recurring financial income75 | €4,969 | €5,044 | €5,120 | €6,425 | €479 | ▼ 92.5% |
| Financial charges65/66B | - | - | €3,839 | €3,834 | €985 | ▼ 74.3% |
| Recurring financial charges65 | €1,715 | €2,328 | €2,147 | €3,834 | €985 | ▼ 74.3% |
| Non-recurring financial charges66B | - | - | €1,693 | - | - | - |
| Profit (loss) for the period before taxes9903 | €282,469 | €363,175 | €203,289 | €78,659 | €2,348 | ▼ 97.0% |
| Income taxes67/77 | €104,379 | €94,798 | €54,176 | €34,094 | €675 | ▼ 98.0% |
| Profit (loss) for the period9904 | €178,089 | €268,377 | €149,112 | €44,565 | €1,674 | ▼ 96.2% |
| Transfer to tax-exempt reserves689 | - | - | €84,200 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €178,089 | €268,377 | €64,912 | €44,565 | €1,674 | ▼ 96.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.6m | €2.8m | €2.7m | €2.1m | €1.8m | ▼ 15.3% |
| Fixed assets21/28 | €1.1m | €878,414 | €675,193 | €83,546 | €58,046 | ▼ 30.5% |
| Intangible fixed assets21 | €53,003 | €33,874 | €35,215 | - | - | - |
| Tangible fixed assets22/27 | €1.0m | €844,437 | €639,874 | €83,442 | €58,046 | ▼ 30.4% |
| Land and buildings22 | - | - | €81,274 | €4,802 | €4,393 | ▼ 8.5% |
| Plant, machinery and equipment23 | - | - | €191,298 | €78,641 | €53,653 | ▼ 31.8% |
| Furniture and vehicles24 | - | - | €246 | - | - | - |
| Leasing and similar rights25 | - | - | €367,057 | - | - | - |
| Financial fixed assets28 | €104 | €104 | €104 | €104 | - | - |
| Current assets29/58 | €1.5m | €2.0m | €2.0m | €2.0m | €1.7m | ▼ 14.7% |
| Stocks and contracts in progress3 | €24,870 | €43,292 | €54,653 | - | - | - |
| Stocks30/36 | - | - | €54,653 | - | - | - |
| Amounts receivable within one year40/41 | €1.1m | €1.1m | €1.0m | €1.1m | €779,437 | ▼ 26.7% |
| Trade receivables40 | - | - | €649,726 | €713,289 | €389,158 | ▼ 45.4% |
| Other amounts receivable41 | - | - | €386,413 | €349,807 | €390,279 | ▲ 11.6% |
| Cash at bank and in hand54/58 | €360,399 | €716,838 | €843,170 | €937,384 | €941,114 | ▲ 0.4% |
| Deferred charges and accrued income490/1 | - | - | €42,822 | €21,958 | €5,196 | ▼ 76.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.6m | €2.8m | €2.7m | €2.1m | €1.8m | ▼ 15.3% |
| Equity10/15 | €1.2m | €1.4m | €1.6m | €1.6m | €1.6m | ▲ 0.1% |
| Contributions10/11 | €250,000 | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Capital10 | - | - | €250,000 | €250,000 | €250,000 | = |
| Issued capital100 | - | - | €250,000 | €250,000 | €250,000 | = |
| Reserves13 | €653,221 | €653,221 | €737,421 | €737,421 | €737,421 | = |
| Non-distributable reserves130/1 | - | - | €25,000 | €25,000 | €25,000 | = |
| Legal reserve130 | - | - | €25,000 | €25,000 | €25,000 | = |
| Tax-exempt reserves132 | - | - | €84,200 | €84,200 | €84,200 | = |
| Distributable reserves133 | - | - | €628,221 | €628,221 | €628,221 | = |
| Profit (loss) carried forward14 | €260,265 | €528,642 | €593,554 | €638,118 | €639,792 | ▲ 0.3% |
| Amounts payable17/49 | €1.4m | €1.4m | €1.1m | €480,444 | €156,581 | ▼ 67.4% |
| Amounts payable after more than one year17 | €648,608 | €479,537 | €310,159 | €33,762 | €33,762 | = |
| Financial debts170/4 | - | - | €310,159 | €33,762 | €33,762 | = |
| Amounts payable within one year42/48 | €779,843 | €929,915 | €760,842 | €435,733 | €122,819 | ▼ 71.8% |
| Current portion of amounts payable after more than one year42 | - | - | €242,378 | €120,634 | €88,913 | ▼ 26.3% |
| Trade debts44 | €462,849 | €595,721 | €437,191 | €245,897 | - | - |
| Suppliers440/4 | - | - | €437,191 | €245,897 | - | - |
| Taxes, remuneration and social security45 | - | - | €61,274 | €69,201 | €33,907 | ▼ 51.0% |
| Taxes450/3 | - | - | €2,831 | €13,318 | €9,965 | ▼ 25.2% |
| Remuneration and social security454/9 | - | - | €58,443 | €55,884 | €23,941 | ▼ 57.2% |
| Other amounts payable47/48 | - | - | €20,000 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €10,950 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €178,089 | €268,377 | €149,112 | €44,565 | €1,674 | ▼ 96.2% |
| + Depreciation and write-downs630 | €203,519 | €231,590 | €228,290 | €232,622 | €25,396 | ▼ 89.1% |
| Operating cash flow (approximation) | €381,608 | €499,966 | €377,403 | €277,187 | €27,070 | ▼ 90.2% |
| Investment in fixed assets (approximation) | - | -€30,808 | -€25,069 | €359,025 | €104 | ▼ 100.0% |
| Change in cash | - | €356,438 | €126,332 | €94,215 | €3,730 | ▼ 96.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 134 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
27-07
Financial
Weakest financial yearnet €1,674 ▼96.2%
Net result drops to €1,674, the lowest in the series.
27-07
Financial
Liquidity triplescurrent ratio 14.05
Current ratio from 4.64 to 14.05; short-term debt falls from €435,733 to €122,819.
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €268,377 ▲50.7%
Operating result €361,243, net result €268,377, both a record.
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
31-12
Financial
Equity above €1mEq €1.2m ▲18.1%
2 profitable years in a row build equity to €1.2m.
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
23-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
25-06
NBB filing
Annual accounts filed
fiscal year 2014 · 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
1 ownerChain of control
- FINAO
- ACTO PRINT AND MAIL SERVICES
- DocuFast
- PYRAMID DOCUMENT SOLUTIONS
Highest known parent: FINAO. The sources do not say who stands above it.
Owners 1
- DocuFastparentSourceaccounts DocuFast 2023100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.