REKODE
InactiveNo longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 25-03-2021 was due by 25-10-2021 and was filed on 28-10-2021, 3 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2021
3 d late
2020
128 d early
2019
36 d early
2018
70 d early
2017
48 d early
2016
62 d early
2015
55 d early
← before the deadline
after the deadline →
Financials · fiscal year 2021, full schema
Turnover
€231k▼ 36.3%
2019 · €362k
2018: €336k
2019: €362k
2018 → 2020
EBIT margin
-1.3%▼ 20.2pp
2019 · 18.9%
2018: 16.7%
2019: 18.9%
2018 → 2020
Net result
€-386▲ 89.0%
2020 · €-4k
2018: €36k
2019: €49k
2020: €-4k
2018 → 2021
Working capital
€106k▼ 0.4%
2020 · €107k
2018: €110k
2019: €197k
2020: €107k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€336k-€362k▲ 7.9%€231k▼ 36.3%
Equity€110k-€110k▲ 0.1%€107k▼ 3.2%€106k▼ 0.4%
Operating result€56k-€68k▲ 22.0%€-3k€-185▲ 94.0%
Net result€36k-€49k▲ 35.9%€-4k€-386▲ 89.0%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €185 in 2021 against €3k in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €107k
Fixed assets
€25=
Current assets
€107k▼ 16.4%
Equity and liabilities €107k
Equity
€106k▼ 0.4%
Debt
€93▼ 99.5%
The debt ratio falls from 16.2% to 0.1%. Equity and debt are lower.
Key figures and ratios
Solvency
99.9%▲
2020 · 83.8%
ROE
-0.4%▲
2020 · -3.3%
ROA
-0.4%▲
2020 · -2.8%
Debt
€93▼
2020 · €21k
Debt ≤ 1 year
€93▼
2020 · €21k
A ratio outside any meaningful range has been withheld (balance sheet total €107k, equity €106k).
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€127k€107k▼
Fixed assets21/28€25€25=
Financial fixed assets28€25€25=
Current assets29/58€127k€107k▼
Amounts receivable within one year40/41€87k€39▼
Cash at bank and in hand54/58€41k€107k▲
Equity and liabilities
Total equity and liabilities10/49€127k€107k▼
Equity10/15€107k€106k▼
Contributions10/11€99k€99k=
Reserves13€11k€11k=
Profit (loss) carried forward14€-3k€-3k▼
Amounts payable17/49€21k€93▼
Amounts payable within one year42/48€21k€93▼
Trade debts44€20k€93▼
Income statement
Code20202021
Turnover70€231k-
Gross operating margin9900-€-185
Operating profit (loss)9901€-3k€-185▲
Recurring financial income75€7-
Recurring financial charges65€340€201▼
Profit (loss) for the period before taxes9903€-3k€-386▲
Income taxes67/77€81-
Profit (loss) for the period9904€-4k€-386▲
Profit (loss) for the period to be appropriated9905€-4k€-386▲
Timeline · acts, filings and financial milestones
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 3 days late
25-03
Financial
Liquidity times 185current ratio 1144.64
Current ratio from 6.18 to 1144.64; short-term debt falls from €21k to €93.
25-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
15-01
State Gazette act
Capital increase · Capital
Legal-form conversion · Director resignation
2020
31-12
Financial
Weakest financial yearnet €-4k ▼107%
Net result drops to €-4k, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 6.18
Current ratio from 2.49 to 6.18; short-term debt falls from €132k to €21k.
14-12
State Gazette act
Permanent representative · Capital increase
Power of attorney
13-11
State Gazette act
General meeting · Legal-form conversion
Director resignation · Director appointment
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €49k ▲35.9%
Operating result €68k, net result €49k, both a record.
22-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
06-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
06-03
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
22-10
State Gazette act
General meeting · Name change
Capital increase · Capital
17-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
29-05
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2011
18-10
State Gazette act
Incorporation · Founder
Founding capital · Corporate purpose
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Structure & network
Connections & network
5 connected companiesNetwork connections
Shared director
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Ownership & control
1 partyREKODEBE 0839.965.164
controls
Where this company holds controlthis company sits on their board1
1 location