RISEUP
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 31-12-2023, 3 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 · 7 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline01-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 27-09-2023, 58 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
58 d late
2021
54 d late
2020
26 d late
2019
102 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 60 days after 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 2022, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€7,583▲ 64.8%
2021 · -€21,524
Working capital
-€34,266▼ 18.7%
2021 · -€28,877
Trend over the years
In euros
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In full-time equivalents (FTE)
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
Line20182019202020212022
Operating result-€16,559-€18,350-€21,082-€17,966▲ 14.8%-€6,379▲ 64.5%
Net result-€18,563-€12,744-€22,774-€21,524▲ 5.5%-€7,583▲ 64.8%
Equity€6,828-€19,572▲ 187%-€3,202-€24,726▼ 672%-€32,309▼ 30.7%
Total assets€279,430-€288,467▲ 3.2%€146,493▼ 49.2%€105,146▼ 28.2%€59,571▼ 43.3%
Debt€272,602-€268,895▼ 1.4%€149,695▼ 44.3%€129,872▼ 13.2%€91,880▼ 29.3%
Working capital€2,886-€14,425▲ 400%-€10,147-€28,877▼ 185%-€34,266▼ 18.7%
Staff (FTE)3.6-4▲ 11.1%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6,379 in 2022 against €17,966 in 2021; the loss shrinks.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €59,571
Fixed assets
€1,957 ▼ 52.9%
Current assets
€57,614 ▼ 43.0%
Equity and liabilities
Equity-€32,309
Debt€91,880
Equity is negative: debt (€91,880) exceeds the balance-sheet total (€59,571).
Key figures and ratios
EBITDA
-€4,185▲
2021 · -€15,302
Cash flow
-€5,389▲
2021 · -€18,860
Solvency
-54.2%▼
2021 · -23.5%
Current ratio
0.63▼
2021 · 0.78
ROA
-12.7%▲
2021 · -20.5%
Interest coverage
-3.48▲
2021 · -4.31
Debt ≤ 1 year
€91,880▼
2021 · €129,872
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,496 | €4,062 | €2,512 | €2,664 | €2,194 | ▼ 17.6% |
| Other operating charges640/8 | - | - | - | €1,337 | - | - |
| Gross operating margin9900 | €231,240 | €269,730 | -€3,075 | -€13,966 | -€4,185 | ▲ 70.0% |
| Operating profit (loss)9901 | -€16,559 | €18,350 | -€21,082 | -€17,966 | -€6,379 | ▲ 64.5% |
| Financial income75/76B | - | - | - | €0 | - | - |
| Recurring financial income75 | - | - | - | €0 | - | - |
| Financial charges65/66B | - | - | - | €3,558 | €1,204 | ▼ 66.2% |
| Recurring financial charges65 | €1,826 | €1,984 | €1,708 | €3,554 | €1,202 | ▼ 66.2% |
| Non-recurring financial charges66B | - | - | - | €4 | €2 | ▼ 56.1% |
| Profit (loss) for the period before taxes9903 | -€18,397 | €15,895 | -€22,774 | -€21,524 | -€7,583 | ▲ 64.8% |
| Income taxes67/77 | €167 | €3,151 | - | - | - | - |
| Profit (loss) for the period9904 | -€18,563 | €12,744 | -€22,774 | -€21,524 | -€7,583 | ▲ 64.8% |
| Profit (loss) for the period to be appropriated9905 | -€18,563 | €12,744 | -€22,774 | -€21,524 | -€7,583 | ▲ 64.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €279,430 | €288,467 | €146,493 | €105,146 | €59,571 | ▼ 43.3% |
| Fixed assets21/28 | €3,942 | €5,147 | €6,945 | €4,151 | €1,957 | ▼ 52.9% |
| Tangible fixed assets22/27 | €3,812 | €5,017 | €6,815 | €4,151 | €1,957 | ▼ 52.9% |
| Plant, machinery and equipment23 | - | - | - | €2,607 | €1,185 | ▼ 54.5% |
| Other tangible fixed assets26 | - | - | - | €1,544 | €772 | ▼ 50.0% |
| Financial fixed assets28 | €130 | €130 | €130 | - | - | - |
| Current assets29/58 | €275,488 | €283,320 | €139,548 | €100,995 | €57,614 | ▼ 43.0% |
| Amounts receivable within one year40/41 | €114,498 | €101,964 | €37,163 | €33,000 | €44,640 | ▲ 35.3% |
| Trade receivables40 | - | - | - | €10,411 | €18,877 | ▲ 81.3% |
| Other amounts receivable41 | - | - | - | €22,589 | €25,763 | ▲ 14.1% |
| Cash at bank and in hand54/58 | €160,990 | €180,991 | €102,385 | €67,995 | €12,646 | ▼ 81.4% |
| Deferred charges and accrued income490/1 | - | - | - | - | €328 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €279,430 | €288,467 | €146,493 | €105,146 | €59,571 | ▼ 43.3% |
| Equity10/15 | €6,828 | €19,572 | -€3,202 | -€24,726 | -€32,309 | ▼ 30.7% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | = |
| Reserves13 | €19,191 | €19,191 | €19,191 | €19,191 | €19,191 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €17,331 | €17,331 | = |
| Profit (loss) carried forward14 | -€18,563 | -€5,819 | -€28,593 | -€50,117 | -€57,700 | ▼ 15.1% |
| Amounts payable17/49 | €272,602 | €268,895 | €149,695 | €129,872 | €91,880 | ▼ 29.3% |
| Amounts payable within one year42/48 | €272,602 | €268,895 | €149,695 | €129,872 | €91,880 | ▼ 29.3% |
| Financial debts43 | - | - | - | - | €13 | - |
| Credit institutions430/8 | - | - | - | - | €13 | - |
| Trade debts44 | €54,066 | €96,548 | €29,011 | €61,675 | €40,709 | ▼ 34.0% |
| Suppliers440/4 | - | - | - | €61,675 | €40,709 | ▼ 34.0% |
| Taxes, remuneration and social security45 | - | - | - | €9,011 | €10,637 | ▲ 18.0% |
| Taxes450/3 | - | - | - | €9,011 | €10,637 | ▲ 18.0% |
| Other amounts payable47/48 | - | - | - | €59,186 | €40,522 | ▼ 31.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€18,563 | €12,744 | -€22,774 | -€21,524 | -€7,583 | ▲ 64.8% |
| + Depreciation and write-downs630 | €3,496 | €4,062 | €2,512 | €2,664 | €2,194 | ▼ 17.6% |
| Operating cash flow (approximation) | -€15,067 | €16,807 | -€20,263 | -€18,860 | -€5,389 | ▲ 71.4% |
| Investment in fixed assets (approximation) | - | -€5,267 | -€4,309 | €130 | €0 | ▼ 100% |
| Change in cash | - | €20,002 | -€78,607 | -€34,390 | -€55,349 | ▼ 60.9% |
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
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 58 days late
2022
23-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 54 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Weakest financial yearnet -€22,774
Net result drops to -€22,774, the lowest in the series.
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 102 days late
2019
31-12
Financial
Back to profitnet €12,744
Net result €12,744 after one loss-making year.
16-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 47 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
Owners and holdings
1 ownerOwners 1
- Sourceaccounts RISEUP 202245%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.