REVALUE

Inactive

KBO/BCE: BE 0839.566.573

No longer registered with the KBO; last annual accounts for fiscal year 2021.

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Signals

Two signals. The signal on the left, the evidence on the right.

○neutral

Filed after the deadline

The financial year that closed on 28-12-2021 was due by 28-07-2022 and was filed on 17-08-2022, 20 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 · 9 filings

Deviation from the deadline

2021

20 d late

2020

17 d late

2019

65 d early

2018

24 d early

2017

29 d early

2016

28 d early

2015

46 d early

← before the deadline after the deadline →

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 2021, abbreviated schema

Equity

€948k▲ 5.1%

2020 · €902k

2019: €698k 2020: €902k

2019 → 2021

Total assets

€3.67M▼ 4.6%

2020 · €3.85M

2019: €4.59M 2020: €3.85M

2019 → 2021

Net result

€46k▼ 77.5%

2020 · €205k

2019: €268k 2020: €205k

2019 → 2021

Working capital

€-79k▲ 70.2%

2020 · €-264k

2019: €-399k 2020: €-264k

2019 → 2021

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line201920202021Trend

Equity€698k-€902k▲ 29.3%€948k▲ 5.1%

Operating result€438k-€407k▼ 7.1%€169k▼ 58.4%

Net result€268k-€205k▼ 23.6%€46k▼ 77.5%

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2021 is 58% below 2020 and is the lowest result in the available series.

Balance-sheet composition

2021 in colour, 2020 as the grey bar beneath

Assets €3.67M

94.1%

Fixed assets €3.46M▼ 3.8%

Current assets €216k▼ 15.6%

Equity and liabilities €3.67M

25.8%

74.2%

Equity €948k▲ 5.1%

Provisions €0▼ 100%

Debt €2.73M▼ 6.0%

The debt ratio falls from 75.3% to 74.2%. Equity is higher and debt is lower.

Key figures and ratios

2021 value · change against 2020

EBITDA

€323k▼

2020 · €632k

Cash flow

€200k▼

2020 · €430k

Solvency

25.8%▲

2020 · 23.4%

Current ratio

0.73▲

2020 · 0.49

Quick ratio

0.73▲

2020 · 0.49

Debt / equity

2.87▲

2020 · 2.62

ROE

4.9%▼

2020 · 22.7%

ROA

1.3%▼

2020 · 5.3%

Interest coverage

2.47

Debt

€2.73M▼

2020 · €2.90M

Debt ≤ 1 year

€295k▼

2020 · €520k

Debt > 1 year

€2.43M▲

2020 · €2.37M

Income taxes

€37k▼

2020 · €124k

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€3.85M€3.67M▼

Fixed assets21/28€3.59M€3.46M▼

Intangible fixed assets21€0-

Tangible fixed assets22/27€3.59M€3.46M▼

Land and buildings22-€3.45M

Plant, machinery and equipment23-€902

Furniture and vehicles24-€10k

Current assets29/58€256k€216k▼

Amounts receivable within one year40/41€32k€216k▲

Other amounts receivable41-€216k

Cash at bank and in hand54/58€224k-

Equity and liabilities

Total equity and liabilities10/49€3.85M€3.67M▼

Equity10/15€902k€948k▲

Contributions10/11€100k€100k=

Outside capital11-€100k

Other1109/19-€100k

Reserves13€325k€325k=

Non-distributable reserves130/1-€325k

Reserves not available under the articles1311-€325k

Profit (loss) carried forward14€477k€523k▲

Provisions and deferred taxes16€50k-

Amounts payable17/49€2.90M€2.73M▼

Amounts payable after more than one year17€2.37M€2.43M▲

Financial debts170/4-€2.43M

Amounts payable within one year42/48€520k€295k▼

Trade debts44€37k€119k▲

Suppliers440/4-€119k

Advances received on contracts in progress46-€2k

Taxes, remuneration and social security45-€6k

Taxes450/3-€6k

Other amounts payable47/48-€168k

Accrued charges and deferred income492/3-€1k

Income statement Code20202021

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€225k€154k▼

Other operating charges640/8-€21k

Gross operating margin9900€712k€344k▼

Operating profit (loss)9901€407k€169k▼

Financial income75/76B-€50k

Recurring financial income75€6k€130▼

Non-recurring financial income76B-€50k

Financial charges65/66B-€137k

Recurring financial charges65€84k€131k▲

Non-recurring financial charges66B-€6k

Profit (loss) for the period before taxes9903€329k€83k▼

Income taxes67/77€124k€37k▼

Profit (loss) for the period9904€205k€46k▼

Profit (loss) for the period to be appropriated9905€205k€46k▼

Appropriation of the result

Profit (loss) to be appropriated9906-€523k

Profit (loss) brought forward from the previous period14P-€477k

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 1Gazette 2Filings 9

2022

17-08

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 20 days late

2021

28-12

Financial Weakest financial yearnet €46k ▼77.5%

Net result drops to €46k, the lowest in the series.

17-08

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 17 days late

2019

27-11

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

07-01

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

02-01

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

03-01

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2015

16-12

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

30-06

State Gazette act General meeting · Director resignation

Director appointment · Permanent representative

11-05

State Gazette act Board meeting · Director resignation

Permanent representative · Director appointment

2014

27-11

NBB filing Annual accounts filed

fiscal year 2014 · full schema

2013

31-12

NBB filing Annual accounts filed

fiscal year 2013 · full schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 9 acts read

About the unread acts

We know of 9 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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