RAMI CONSULTING
InactiveSignals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-05-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-05-2024 close31-12-2024 deadline01-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-05-2023 was due by 31-12-2023 and was filed on 30-10-2023, 62 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
62 d early
2022
68 d early
2021
67 d early
2020
41 d early
2019
35 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 55 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Equity
€107,701▲ 149%
2022 · €43,294
Total assets
€245,173▼ 13.9%
2022 · €284,832
Net result
€64,407
2022 · -€11,890
Working capital
-€20,975▲ 90.4%
2022 · -€218,361
Trend over the years
In euros
In euros
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
Line20192020202120222023
Operating result€42,895-€691▼ 98.4%-€713-€11,516▼ 1,514%€79,107
Net result€38,763-€495▼ 98.7%-€975-€11,890▼ 1,120%€64,407
Equity€98,560-€56,158▼ 43.0%€55,184▼ 1.7%€43,294▼ 21.5%€107,701▲ 149%
Total assets€158,974-€292,097▲ 83.7%€290,753▼ 0.5%€284,832▼ 2.0%€245,173▼ 13.9%
Debt€60,414-€235,939▲ 291%€235,569▼ 0.2%€241,538▲ 2.5%€137,472▼ 43.1%
Working capital-€52,808--€220,434▼ 317%-€213,529▲ 3.1%-€218,361▼ 2.3%-€20,975▲ 90.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €79,107 after a loss of €11,516 in 2022, the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €245,173
Fixed assets
€129,024 ▼ 50.8%
Current assets
€116,149 ▲ 409%
Equity and liabilities €245,173
Equity
€107,701 ▲ 149%
Debt
€137,472 ▼ 43.1%
Debt's share of the balance-sheet total falls from 84.8% to 56.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€85,003▲
2022 · -€2,042
Cash flow
€70,303▲
2022 · -€2,415
Current ratio
0.85▲
2022 · 0.09
Debt to equity
1.28▼
2022 · 5.58
ROE
59.8%▲
2022 · -27.5%
ROA
26.3%▲
2022 · -4.2%
Interest coverage
247.56▲
2022 · -5.47
Debt ≤ 1 year
€137,124▼
2022 · €241,191
Income taxes
€14,357
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €88,061 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,163 | €9,481 | €9,503 | €9,474 | €5,896 | ▼ 37.8% |
| Other operating charges640/8 | - | - | - | €1,787 | €2,669 | ▲ 49.3% |
| Non-recurring operating charges66A | - | - | - | €995 | €780 | ▼ 21.6% |
| Gross operating margin9900 | €52,772 | €11,979 | €10,922 | €740 | €88,452 | ▲ 11,852% |
| Operating profit (loss)9901 | €42,895 | €691 | -€713 | -€11,516 | €79,107 | ▲ 787% |
| Recurring financial income75 | €4,740 | €0 | - | - | - | - |
| Financial charges65/66B | - | - | - | €373 | €343 | ▼ 8.0% |
| Recurring financial charges65 | €143 | €195 | €261 | €373 | €343 | ▼ 8.0% |
| Profit (loss) for the period before taxes9903 | €47,492 | €495 | -€975 | -€11,890 | €78,764 | ▲ 762% |
| Income taxes67/77 | €8,729 | - | - | - | €14,357 | - |
| Profit (loss) for the period9904 | €38,763 | €495 | -€975 | -€11,890 | €64,407 | ▲ 642% |
| Profit (loss) for the period to be appropriated9905 | €38,763 | €495 | -€975 | -€11,890 | €64,407 | ▲ 642% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €158,974 | €292,097 | €290,753 | €284,832 | €245,173 | ▼ 13.9% |
| Fixed assets21/28 | €151,368 | €276,940 | €269,965 | €262,003 | €129,024 | ▼ 50.8% |
| Tangible fixed assets22/27 | €151,368 | €276,940 | €269,965 | €262,003 | €129,024 | ▼ 50.8% |
| Land and buildings22 | - | - | - | €261,063 | €128,465 | ▼ 50.8% |
| Furniture and vehicles24 | - | - | - | €940 | €559 | ▼ 40.6% |
| Current assets29/58 | €7,606 | €15,157 | €20,788 | €22,829 | €116,149 | ▲ 409% |
| Amounts receivable within one year40/41 | €4,739 | €229 | €151 | - | - | - |
| Cash at bank and in hand54/58 | €2,103 | €13,718 | €20,180 | €22,369 | €115,659 | ▲ 417% |
| Deferred charges and accrued income490/1 | - | - | - | €461 | €490 | ▲ 6.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €158,974 | €292,097 | €290,753 | €284,832 | €245,173 | ▼ 13.9% |
| Equity10/15 | €98,560 | €56,158 | €55,184 | €43,294 | €107,701 | ▲ 149% |
| Contributions10/11 | €12,405 | - | - | €12,405 | €12,405 | = |
| Reserves13 | €44,537 | €5,774 | €5,774 | €5,774 | €70,181 | ▲ 1,116% |
| Non-distributable reserves130/1 | - | - | - | €5,774 | €5,774 | = |
| Reserves not available under the articles1311 | - | - | - | €5,774 | €5,774 | = |
| Distributable reserves133 | - | - | - | - | €64,407 | - |
| Profit (loss) carried forward14 | €41,618 | €37,979 | €37,005 | €25,115 | €25,115 | = |
| Amounts payable17/49 | €60,414 | €235,939 | €235,569 | €241,538 | €137,472 | ▼ 43.1% |
| Amounts payable within one year42/48 | €60,414 | €235,591 | €234,316 | €241,191 | €137,124 | ▼ 43.1% |
| Trade debts44 | €2,273 | €1,623 | €1,396 | €1,746 | €1,100 | ▼ 37.0% |
| Suppliers440/4 | - | - | - | €1,746 | €1,100 | ▼ 37.0% |
| Taxes, remuneration and social security45 | - | - | - | - | €14,357 | - |
| Taxes450/3 | - | - | - | - | €14,357 | - |
| Other amounts payable47/48 | - | - | - | €239,444 | €121,667 | ▼ 49.2% |
| Accrued charges and deferred income492/3 | - | - | - | €348 | €348 | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,763 | €495 | -€975 | -€11,890 | €64,407 | ▲ 642% |
| + Depreciation and write-downs630 | €7,163 | €9,481 | €9,503 | €9,474 | €5,896 | ▼ 37.8% |
| Operating cash flow (approximation) | €45,926 | €9,977 | €8,528 | -€2,415 | €70,303 | ▲ 3,011% |
| Investment in fixed assets (approximation) | - | -€135,053 | -€2,528 | -€1,512 | €127,083 | ▲ 8,507% |
| Change in cash | - | €11,615 | €6,462 | €2,189 | €93,290 | ▲ 4,162% |
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
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-05
Financial
Back to profitnet €64,407
Net result €64,407 after 2 loss-making years.
31-05
Financial
Equity above €100,000Eq €107,701 ▲149%
Equity rises from €43,294 to €107,701.
2022
24-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-05
Financial
Weakest financial yearnet -€11,890
Net result drops to -€11,890, the lowest in the series.
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
20-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
29-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
02-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
29-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
20-11
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Show earlier events
2014
24-11
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2010
21-01
State Gazette act
General meeting · Capital increase
Bank account · Capital
07-01
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
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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