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Q.E.D.

Inactive
KBO/BCE: BE 0438.113.465

Inactive; last annual accounts for fiscal year 2010.

Signals

Two signals. The signal on the left, the evidence on the right.
neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2010. Since then, 15 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filings
Position against the passed deadline
31-12-2011 close31-07-2012 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2010 was due by 31-07-2011 and was filed on 01-06-2011, 60 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2010, abbreviated schema

Equity
€123k▲ 13.8%
2009 · €108k
2006: €177k 2007: €103k 2008: €115k 2009: €108k
2006 → 2010
Total assets
€125k▲ 15.4%
2009 · €108k
2006: €248k 2007: €135k 2008: €140k 2009: €108k
2006 → 2010
Net result
€15k
2009 · €-7k
2006: €8k 2007: €10k 2008: €13k 2009: €-7k
2006 → 2010
Working capital
€118k▲ 8.2%
2008 · €109k
2006: €-5k 2007: €-3k 2008: €109k
2006 → 2010
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20062007200820092010Trend
Equity€177k-€103k▼ 41.9%€115k▲ 12.5%€108k▼ 6.2%€123k▲ 13.8%
Operating result€12k-€8k▼ 35.5%€11k▲ 40.4%€-5k€21k
Net result€8k-€10k▲ 23.3%€13k▲ 31.6%€-7k€15k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
€-10k€0€10k€20kOperating result 2006: €12k€12kNet result 2006: €8k€8kOperating result 2007: €8k€8kNet result 2007: €10k€10kOperating result 2008: €11k€11kNet result 2008: €13k€13kOperating result 2009: €-5k€-5kNet result 2009: €-7k€-7kOperating result 2010: €21k€21kNet result 2010: €15k€15k20062007200820092010€-10k€0€10k€20kOperating result 2008: €11k€11kNet result 2008: €13k€13kOperating result 2009: €-5k€-4.9kNet result 2009: €-7k€-7.2kOperating result 2010: €21k€21kNet result 2010: €15k€15k200820092010
The operating result returns to profit in 2010: €21k after a loss of €5k in 2009, the highest result in the available series.
Balance-sheet composition
2010 in colour, 2009 as the grey bar beneath
Assets €125k
Fixed assets €5k ▲ 28.9%
Current assets €120k ▲ 14.9%
Equity and liabilities €125k
Equity €123k
Debt €2k
Debt finances 1.4% of the balance-sheet total.
Key figures and ratios
2010 value · change against 2009
EBITDA
€22k
2009 · €-3k
Cash flow
€16k
2009 · €-5k
Current ratio
67.89
ROE
12.1%
2009 · -6.6%
ROA
11.9%
2009 · -6.6%
Debt ≤ 1 year
€2k
Income taxes
€3k
2009 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2010 against 2009 · 24 lines
Balance sheet Code20092010
Assets
Total assets20/58€108k€125k
Fixed assets21/28€4k€5k
Tangible fixed assets22/27€4k€5k
Current assets29/58€104k€120k
Amounts receivable within one year40/41€3k€46
Current investments50/53€100k€71k
Cash at bank and in hand54/58€2k€49k
Equity and liabilities
Total equity and liabilities10/49€108k€125k
Equity10/15€108k€123k
Contributions10/11€34k€34k=
Reserves13€2k€2k=
Profit (loss) carried forward14€73k€88k
Amounts payable17/49-€2k
Amounts payable within one year42/48-€2k
Trade debts44-€867
Income statement Code20092010
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k
Gross operating margin9900€-2k€22k
Operating profit (loss)9901€-5k€21k
Recurring financial income75€2€8
Recurring financial charges65€43€87
Profit (loss) for the period before taxes9903€-5k€18k
Income taxes67/77€2k€3k
Profit (loss) for the period9904€-7k€15k
Profit (loss) for the period to be appropriated9905€-7k€15k

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Timeline · acts, filings and financial milestones

2011
01-06
NBB filing Annual accounts filed
fiscal year 2010 · abbreviated schema
2010
31-12
Financial Back to profitnet €15k
Net result €15k after one loss-making year.
29-07
NBB filing Annual accounts filed
fiscal year 2009 · abbreviated schema
2009
31-12
Financial Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series.
28-07
NBB filing Annual accounts filed
fiscal year 2008 · abbreviated schema
2008
31-12
Financial Liquidity times 8current ratio 5.47
Current ratio from 0.71 to 5.47.
28-07
NBB filing Annual accounts filed
fiscal year 2007 · abbreviated schema
2007
24-07
NBB filing Annual accounts filed
fiscal year 2006 · abbreviated schema
2006
24-07
NBB filing Annual accounts filed
fiscal year 2005 · abbreviated schema
2005
26-07
NBB filing Annual accounts filed
fiscal year 2004 · abbreviated schema
2004
27-07
NBB filing Annual accounts filed
fiscal year 2003 · abbreviated schema
2003
29-09
NBB filing Annual accounts filed
fiscal year 2002 · abbreviated schema · 60 days late
2002
29-07
NBB filing Annual accounts filed
fiscal year 2001 · abbreviated schema
Financial milestoneNBB 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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Structure & network

Connections & network

4 connected companies

Ownership & control

2 board mandates
Board mandates of this companythis company sits on their board2