R21
InactiveNo longer registered with the KBO; last annual accounts for fiscal year 2013.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-03-2013. Since then, 12 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-03-2014 close31-10-2014 deadline22-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2013 was due by 31-10-2013 and was filed on 08-10-2013, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
Financials · fiscal year 2013, abbreviated schema
Turnover
€121k▼ 52.4%
2011 · €254k
2009: €224k
2010: €294k
2011: €254k
2009 → 2012
EBIT margin
25.3%▲ 33.8pp
2011 · -8.5%
2009: 10.8%
2010: 28.8%
2011: -8.5%
2009 → 2012
Net result
€99k▼ 12.1%
2012 · €113k
2009: €95k
2010: €186k
2011: €112k
2012: €113k
2009 → 2013
Working capital
€2.78M▲ 10.7%
2012 · €2.51M
2009: €2.24M
2010: €2.45M
2011: €2.38M
2012: €2.51M
2009 → 2013
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20092010201120122013Trend
Turnover€224k-€294k▲ 31.5%€254k▼ 13.6%€121k▼ 52.4%
Equity€2.61M-€2.80M▲ 7.1%€2.91M▲ 4.0%€3.02M▲ 3.9%€3.12M▲ 3.3%
Operating result€24k-€85k▲ 251%€-22k€31k€-4k
Net result€95k-€186k▲ 96.0%€112k▼ 39.7%€113k▲ 0.5%€99k▼ 12.1%
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 2013: a loss of €4k after €31k in 2012.
Balance-sheet composition
2013 in colour, 2012 as the grey bar beneath
Assets €3.14M
Fixed assets
€344k▼ 33.0%
Current assets
€2.80M▲ 10.8%
Equity and liabilities €3.14M
Equity
€3.12M▲ 3.3%
Debt
€21k▲ 24.5%
The debt ratio rises from 0.6% to 0.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-3k▼
2012 · €33k
Cash flow
€100k▼
2012 · €115k
Solvency
99.3%▼
2012 · 99.4%
ROE
3.2%▼
2012 · 3.7%
ROA
3.1%▼
2012 · 3.7%
Debt
€21k▲
2012 · €17k
Debt ≤ 1 year
€21k▲
2012 · €17k
Income taxes
€16k▲
2012 · €15k
A ratio outside any meaningful range has been withheld (balance sheet total €3.14M, equity €3.12M).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2013 against 2012
Balance sheet
Code20122013
Assets
Total assets20/58€3.04M€3.14M▲
Fixed assets21/28€513k€344k▼
Tangible fixed assets22/27€6k€5k▼
Financial fixed assets28€507k€339k▼
Current assets29/58€2.53M€2.80M▲
Amounts receivable within one year40/41€1.19M€1.35M▲
Current investments50/53€1.16M€1.29M▲
Cash at bank and in hand54/58€179k€160k▼
Equity and liabilities
Total equity and liabilities10/49€3.04M€3.14M▲
Equity10/15€3.02M€3.12M▲
Contributions10/11€62k€62k=
Reserves13€2.46M€2.96M▲
Profit (loss) carried forward14€505k€99k▼
Amounts payable17/49€17k€21k▲
Amounts payable within one year42/48€17k€21k▲
Trade debts44€7k-
Income statement
Code20122013
Turnover70€121k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼
Gross operating margin9900€42k€-2k▼
Operating profit (loss)9901€31k€-4k▼
Recurring financial income75€97k€121k▲
Recurring financial charges65€5k€6k▲
Profit (loss) for the period before taxes9903€128k€115k▼
Income taxes67/77€15k€16k▲
Profit (loss) for the period9904€113k€99k▼
Profit (loss) for the period to be appropriated9905€113k€99k▼
Timeline · acts, filings and financial milestones
2013
08-10
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2012
25-11
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 25 days late
2011
16-10
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
31-03
Financial
Liquidity times 13current ratio 230.32
Current ratio from 17.87 to 230.32; short-term debt falls from €145k to €10k.
2010
01-11
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 1 day late
21-04
State Gazette act
General meeting · Warrant cancellation
Capital increase · Capital · Frank Liesse
31-03
Financial
Highest result since 2009net €186k ▲96%
Operating result €85k, net result €186k, both a record.
2009
21-10
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema
29-05
State Gazette act
Capital increase · Director resignation
Permanent representative · Director appointment
2008
29-09
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema
2007
24-09
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema
2006
28-09
NBB filing
Annual accounts filed
fiscal year 2006 · abbreviated schema
2005
29-09
NBB filing
Annual accounts filed
fiscal year 2005 · abbreviated schema
2004
30-09
NBB filing
Annual accounts filed
fiscal year 2004 · abbreviated schema
Financial milestoneState Gazette actNBB 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.
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Structure & network
Connections & network
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