RAINCODE
InactiveOverview
Activity
“Pour son compte propre ou pour le compte d'autrui,toutes les opérations se rattachant directement…” (deed in French)
From the articles, 6 activitiesNo NACE code in the KBO yet
Size
€6.0mtotal assets 2022
- Equity
- €4.8m
- Loss
- -€560,413
Financial health
Inactive: no score
Structure
2 of 6 deeds summarised
SignalsneutralLatest accounts filed on timeShow the evidence
Signals
1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 12-07-2023, 19 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2022
19 days early
2021
30 days early
2020
9 days late
2019
38 days late
2018
20 days early
2017
9 days early
2016
28 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 8 days before the deadline; the Belgian median for financial year 2022 is 3 days before the deadline, and 42% of all filings were late.
Searched, nothing found (1)
- Restructuring · End & cessationMerger · Power of attorney…
- Annual accounts filedfinancial year 2022 · full…
- Restructuring · MiscellaneousAppointment: Bossaert Moreau Saman &…
Financials · financial year 2022, full format
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€560,413
2021 · €236,458
Working capital
€5.0m▼ 5.3%
2021 · €5.3m
Trend over the years
2019 to 2022, 4 financial years 2019 to 2022, 4 financial years
The operating result turns negative in 2022: a loss of €597,545 after €317,106 in 2021, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.6m
2022
Net result-€0.6m
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€6.0m
2022
Equity€4.8m
2022
Debt€1.2m
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€5.0m
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022
Operating result€0.5m-€0.5m▲ 7.5%€0.3m▼ 36.1%-€0.6m
Net result€1.4m-€0.4m▼ 73.1%€0.2m▼ 35.9%-€0.6m
Equity€4.7m-€5.1m▲ 7.8%€5.3m▲ 4.6%€4.8m▼ 10.5%
Total assets€5.4m-€6.0m▲ 11.2%€6.0m▼ 0.7%€6.0m▲ 0.6%
Debt€0.7m-€0.9m▲ 35.6%€0.6m▼ 30.3%€1.2m▲ 93.9%
Working capital€4.7m-€5.1m▲ 8.0%€5.3m▲ 4.4%€5.0m▼ 5.3%
Why a figure moved sharply
- 2020 Net result -73% on 2019. The previous financial year ran 18 months, this one 12.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €6.0m
Fixed assets
€520,308 ▲ 35×
Current assets
€5.5m ▼ 7.8%
Equity and liabilities €6.0m
Equity
€4.8m ▼ 10.5%
Debt
€1.2m ▲ 93.9%
Debt's share of the balance-sheet total rises from 10.6% to 20.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€590,654▼
2021 · €322,513
Cash flow
-€553,522▼
2021 · €241,866
Current ratio
12.21▲
2021 · 9.39
Debt to equity
0.26▲
2021 · 0.12
ROE
-11.7%▼
2021 · 4.4%
ROA
-9.3%▼
2021 · 4.0%
Interest coverage
-100.52▼
2021 · 26.26
Debt ≤ 1 year
€450,455▼
2021 · €635,914
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 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.03m | €0.01m | €0.005m | €0.007m | ▲ 27.4% |
| Other operating charges640/8 | - | - | €0.001m | €0.001m | = |
| Gross operating margin9900 | €0.5m | €0.5m | €0.3m | -€0.6m | - |
| Operating profit (loss)9901 | €0.5m | €0.5m | €0.3m | -€0.6m | - |
| Financial income75/76B | - | - | €0 | €0.04m | ▲ 2,150,380× |
| Recurring financial income75 | €1.0m | - | €0 | €0.04m | ▲ 2,150,380× |
| Financial charges65/66B | - | - | €0.01m | €0.006m | ▼ 52.2% |
| Recurring financial charges65 | €0.02m | €0.006m | €0.01m | €0.006m | ▼ 52.2% |
| Profit (loss) for the period before taxes9903 | €1.5m | €0.5m | €0.3m | -€0.6m | - |
| Income taxes67/77 | €0.08m | €0.1m | €0.07m | - | - |
| Profit (loss) for the period9904 | €1.4m | €0.4m | €0.2m | -€0.6m | - |
| Profit (loss) for the period to be appropriated9905 | €1.4m | €0.4m | €0.2m | -€0.6m | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €5.4m | €6.0m | €6.0m | €6.0m | ▲ 0.6% |
| Fixed assets21/28 | €0.02m | €0.004m | €0.02m | €0.5m | ▲ 35× |
| Intangible fixed assets21 | - | - | - | €0.5m | - |
| Tangible fixed assets22/27 | €0.02m | €0.004m | €0.01m | €0.01m | ▼ 6.2% |
| Plant, machinery and equipment23 | - | - | €0.01m | €0.01m | ▼ 19.3% |
| Furniture and vehicles24 | - | - | - | €0.002m | - |
| Financial fixed assets28 | - | - | €0.001m | €0.001m | = |
| Current assets29/58 | €5.4m | €6.0m | €6.0m | €5.5m | ▼ 7.8% |
| Amounts receivable within one year40/41 | €2.7m | €3.7m | €3.3m | €3.2m | ▼ 4.2% |
| Trade receivables40 | - | - | €0.5m | €0.3m | ▼ 30.4% |
| Other amounts receivable41 | - | - | €2.9m | €2.9m | = |
| Current investments50/53 | €0.4m | - | - | - | - |
| Cash at bank and in hand54/58 | €2.4m | €2.3m | €2.6m | €2.3m | ▼ 12.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €5.4m | €6.0m | €6.0m | €6.0m | ▲ 0.6% |
| Equity10/15 | €4.7m | €5.1m | €5.3m | €4.8m | ▼ 10.5% |
| Contributions10/11 | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Non-distributable reserves130/1 | - | - | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | €4.7m | €5.1m | €5.3m | €4.8m | ▼ 10.5% |
| Amounts payable17/49 | €0.7m | €0.9m | €0.6m | €1.2m | ▲ 93.9% |
| Amounts payable within one year42/48 | €0.7m | €0.9m | €0.6m | €0.5m | ▼ 29.2% |
| Current portion of amounts payable after more than one year42 | - | - | €0.1m | - | - |
| Trade debts44 | €0.5m | €0.3m | €0.3m | €0.3m | ▲ 4.0% |
| Suppliers440/4 | - | - | €0.3m | €0.3m | ▲ 4.0% |
| Taxes, remuneration and social security45 | - | - | €0.1m | - | - |
| Taxes450/3 | - | - | €0.1m | - | - |
| Other amounts payable47/48 | - | - | €0.1m | €0.2m | ▲ 29.0% |
| Accrued charges and deferred income492/3 | - | - | - | €0.8m | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.4m | €0.4m | €0.2m | -€0.6m | - |
| + Depreciation and write-downs630 | €0.03m | €0.01m | €0.005m | €0.007m | ▲ 27.4% |
| Operating cash flow (approximation) | €1.4m | €0.4m | €0.2m | -€0.6m | - |
| Investment in fixed assets (approximation) | - | -€0.003m | -€0.02m | -€0.5m | ▼ 2,972% |
| Change in cash | - | -€0.02m | €0.3m | -€0.3m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | full format | 12-07-2023 | 2023-00227423 |
| 31-12-2021 | full format | 01-07-2022 | 2022-20125400 |
| 31-12-2020 | full format | 09-08-2021 | 2021-47200569 |
| 31-12-2019 | full format | 07-09-2020 | 2020-51600026 |
| 30-06-2018 | full format | 11-01-2019 | 2019-00800596 |
| 30-06-2017 | full format | 22-01-2018 | 2018-02000032 |
| 30-06-2016 | full format | 03-01-2017 | 2017-00200486 |
| 30-06-2015 | full format | 07-01-2016 | 2016-00600432 |
| 30-06-2014 | full format | 07-01-2015 | 2015-00400339 |
| 30-06-2013 | full format | 06-01-2014 | 2014-00200403 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 2 of 6 Gazette acts processed. See the directors and other office holders in the KBO →
Owners and capital
Capital and shareholders
Shareholders according to the deeds
Stated in the act
act of 16-06-2023 ↗
- Alain Corchia
- Juan Diez Perez
- Darius Blasband
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 16-06-2023 Capital stated in the deed · €18,600 · 15,750 shares
Group and network
Connections & network
No directors read yet: 2 of 6 Gazette acts processed.
Acquisitions and mergers
1 transactionTaken over by:PHIDANI SOFTWARE
History
Acts, filings and financial milestones
2023
01-09
Gazette deed
Restructuring · End & cessationMerger · Power of attorney · Auditor report10 facts ▸
Gazette deed
Restructuring · End & cessation
Merger · Power of attorney · Auditor report10 facts ▸
- Merger, “transfert de l'intégralité du patrimoine activement et passivement par suite de dissolution sans liquidation, tous les droits,contrats et dettes transférés” (deed in French)
- Power of attorney (2 times)
- Other provision, “décharge des administrateurs de la société absorbée, vaudra décharge aux administrateurs de la société absorbée” (deed in French)
- General meeting, 27-07-2023
- Other provision, “dispense de lecture et mise à disposition des documents de fusion, dispense de lecture du projet de fusion et des rapports” (deed in French)
- Auditor report, 11-07-2023
- Kind of shares, “actions ordinaires sans désignation de valeur nominale, articles 12:24 6° et 12:57” (deed in French)
- Other provision, “absence de modification d'objet et d'avantages aux organes, articles 12:32 et 12:24 8°” (deed in French)
- Other provision, “situation comptable arrêtée au 2022-12-31, description du patrimoine et régime fiscal” (deed in French)
- Other provision, “évolution et contenu du transfert, éléments incorporels non au bilan: dénomination, droit au bail, relations commerciales, contrats et marchés en cours, organis…” (deed in French)
12-07
NBB filing
Annual accounts filed
financial year 2022 · full format
16-06
Gazette deed
Restructuring · MiscellaneousAppointment: Bossaert Moreau Saman & Co (statutory auditor) · Shareholding · Incorporation18 facts ▸
Gazette deed
Restructuring · Miscellaneous
Appointment: Bossaert Moreau Saman & Co (statutory auditor) · Shareholding · Incorporation18 facts ▸
- Other provision, “contexte de l'opération, directement ou indirectement” (deed in French)
- Shareholding, “directement ou indirectement” (deed in French) (3 times)
- Incorporation, 11-05-1990
- Amendment of the articles (3 times)
- Other provision, 0440.804.820, “immatriculation BCE” (deed in French)
- Capital, €18,600 (2 times)
- Incorporation, 22-02-1999
- Other provision, 0465.519.925, “immatriculation BCE” (deed in French)
- Merger, “valeur comptable des fonds propres”, EUR (deed in French)
- Other provision, “attribution actions fusion”, 4750 (deed in French) (3 times)
- Accounting effect, 01-01-2023
- Other provision, “droits spéciaux actionnaires et porteurs titres autres que actions” (deed in French)
- +6 further facts in this act
2022
31-12
Financial
Weakest financial yearnet -€560,413
Net result drops to -€560,413, the lowest in the series.
01-07
NBB filing
Annual accounts filed
financial year 2021 · full format
2021
09-08
NBB filing
Annual accounts filed
financial year 2020 · full format · 9 days late
2020
31-12
Financial
Equity above €5mequity €5.1m ▲7.8%
A profit in every financial year since 2019 builds equity to €5.1m.
07-09
NBB filing
Annual accounts filed
financial year 2019 · full format · 38 days late
2019
11-01
NBB filing
Annual accounts filed
financial year 2018 · full format
2018
22-01
NBB filing
Annual accounts filed
financial year 2017 · full format
2017
03-01
NBB filing
Annual accounts filed
financial year 2016 · full format
2016
07-01
NBB filing
Annual accounts filed
financial year 2015 · full format
2015
07-01
NBB filing
Annual accounts filed
financial year 2014 · full format
2014
06-01
NBB filing
Annual accounts filed
financial year 2013 · full format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 23 annual accounts filed, the latest 10 are here; all 23 are under Financials.
2 of 6 deeds read
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Articles of association
- PurposeThe activities the company may carry out under its articles.
- “Pour son compte propre ou pour le compte d'autrui,toutes les opérations se rattachant directement ou indirectement à tous les domaines de…” (deed in French)
6 activities (deed in French)
- Pour son compte propre ou pour le compte d'autrui,toutes les opérations se rattachant directement ou indirectement à tous les domaines de l'informatique quels qu'ils soient;
- Tous services d'assistance et de création,de gestion,d'initiation,d'installation,de maintenance de tout ce qui concerne l'informatique ou ses dérivés;
- La vente en gros ou en détail,l'importation,l'exportation de tous articles s'y rapportant;
- La vente en gros ou en détail de tout matériels informatiques,soft et hard,de licences et en général de tout matériel concernant la bureautique dans le sens le plus large.
- Elle pourra en vue de ces opérations,acquérir,créer,louer,sous-louer,exploiter et vendre tous immeubles,établissements,machines,matériels et moteurs qu'elle jugera nécessaires et utiles à la réalisation de son objet social et exercer toutes activités connexes ou de nature à favoriser son objet social.
- La société pourra s'intéresser directement ou indirectement par voie d'apport,de cession,de fusion,de souscription ou d'achat de titres,d'intervention financière ou de toute autre manière dans les affaires,entreprises,associations ou sociétés dont l'objet social serait similaire,analogue,connexe,ou simplement utile à la réalisation de son objet social en Belgique ou à l'étranger.
- Other provisionsOther rules from the articles that fall under none of the themes above.
- 1 more provision in the deed, see the deed of 16-06-2023
Read from the deeds: 2 provisions, deed of 16-06-2023