RUWI
InactiveInactive; last annual accounts for fiscal year 2022.
Signals
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 · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline27-09-2026 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 08-10-2023, 69 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
2025
not confirmed
2024
not filed
2023
not filed
2022
69 d late
2021
79 d late
2020
118 d late
2019
119 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 96 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, abbreviated schema
Equity
€917,329▲ 69.4%
2021 · €541,549
Total assets
€1.1m▲ 25.9%
2021 · €863,130
Net result
€375,780▲ 69.2%
2021 · €222,074
Working capital
€616,138▲ 160%
2021 · €237,198
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result€46,087-€5,704▼ 87.6%-€196,935€222,999€490,221▲ 120%
Net result€39,889-€1,277▼ 96.8%-€201,768€222,074€375,780▲ 69.2%
Equity€519,966-€521,243▲ 0.2%€319,475▼ 38.7%€541,549▲ 69.5%€917,329▲ 69.4%
Total assets€1.1m-€809,808▼ 25.4%€594,849▼ 26.5%€863,130▲ 45.1%€1.1m▲ 25.9%
Debt€565,846-€288,565▼ 49.0%€275,374▼ 4.6%€321,581▲ 16.8%€169,327▼ 47.3%
Working capital€73,339-€82,416▲ 12.4%€57,348▼ 30.4%€237,198▲ 314%€616,138▲ 160%
Staff (FTE)2-2.5▲ 25.0%3▲ 20.0%1.5▼ 50.0%2▲ 33.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed two years in a row; 2022 is 120% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €1.1m
Fixed assets
€301,192 ▼ 7.9%
Current assets
€785,465 ▲ 46.5%
Equity and liabilities €1.1m
Equity
€917,329 ▲ 69.4%
Debt
€169,327 ▼ 47.3%
Debt's share of the balance-sheet total falls from 37.3% to 15.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€541,652▲
2021 · €313,129
Cash flow
€427,211▲
2021 · €312,204
Current ratio
4.64▲
2021 · 1.79
Debt to equity
0.18▼
2021 · 0.59
ROE
41.0%▼
2021 · 41.0%
ROA
34.6%▲
2021 · 25.7%
Interest coverage
283.71▲
2021 · 146.28
Debt ≤ 1 year
€169,327▼
2021 · €298,974
Income taxes
€112,640▲
2021 · €52
Staff costs
€127,461▲
2021 · €45,411
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €45,411 | €127,461 | ▲ 181% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €242,362 | €237,736 | €174,891 | €90,130 | €51,431 | ▼ 42.9% |
| Other operating charges640/8 | - | - | - | €16,331 | €17,993 | ▲ 10.2% |
| Gross operating margin9900 | €402,234 | €378,333 | €42,144 | €374,871 | €687,106 | ▲ 83.3% |
| Operating profit (loss)9901 | €46,087 | €5,704 | -€196,935 | €222,999 | €490,221 | ▲ 120% |
| Financial income75/76B | - | - | - | €1,267 | €109 | ▼ 91.4% |
| Recurring financial income75 | €41 | €475 | €644 | €1,267 | €109 | ▼ 91.4% |
| Financial charges65/66B | - | - | - | €2,141 | €1,909 | ▼ 10.8% |
| Recurring financial charges65 | €4,110 | €4,060 | €3,528 | €2,141 | €1,909 | ▼ 10.8% |
| Profit (loss) for the period before taxes9903 | €42,018 | €2,120 | -€199,819 | €222,126 | €488,421 | ▲ 120% |
| Income taxes67/77 | €2,130 | €843 | €1,949 | €52 | €112,640 | ▲ 217,689% |
| Profit (loss) for the period9904 | €39,889 | €1,277 | -€201,768 | €222,074 | €375,780 | ▲ 69.2% |
| Profit (loss) for the period to be appropriated9905 | €39,889 | €1,277 | -€183,018 | €222,074 | €375,780 | ▲ 69.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €809,808 | €594,849 | €863,130 | €1.1m | ▲ 25.9% |
| Fixed assets21/28 | €617,941 | €504,636 | €360,852 | €326,958 | €301,192 | ▼ 7.9% |
| Intangible fixed assets21 | €100 | - | - | - | - | - |
| Tangible fixed assets22/27 | €617,823 | €504,618 | €360,834 | €326,939 | €301,098 | ▼ 7.9% |
| Land and buildings22 | - | - | - | €250,164 | €236,357 | ▼ 5.5% |
| Plant, machinery and equipment23 | - | - | - | €72,985 | €62,135 | ▼ 14.9% |
| Furniture and vehicles24 | - | - | - | €3,790 | €2,605 | ▼ 31.3% |
| Financial fixed assets28 | €19 | €19 | €19 | €19 | €94 | ▲ 403% |
| Current assets29/58 | €467,871 | €305,172 | €233,997 | €536,172 | €785,465 | ▲ 46.5% |
| Amounts receivable within one year40/41 | €251,580 | €205,079 | €165,537 | €227,885 | €272,365 | ▲ 19.5% |
| Trade receivables40 | - | - | - | €138,093 | €185,118 | ▲ 34.1% |
| Other amounts receivable41 | - | - | - | €89,792 | €87,248 | ▼ 2.8% |
| Cash at bank and in hand54/58 | €211,316 | €98,426 | €67,865 | €301,148 | €511,098 | ▲ 69.7% |
| Deferred charges and accrued income490/1 | - | - | - | €7,140 | €2,002 | ▼ 72.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €809,808 | €594,849 | €863,130 | €1.1m | ▲ 25.9% |
| Equity10/15 | €519,966 | €521,243 | €319,475 | €541,549 | €917,329 | ▲ 69.4% |
| Contributions10/11 | €323,000 | €323,000 | €323,000 | €323,000 | €323,000 | = |
| Capital10 | - | - | - | €323,000 | €323,000 | = |
| Issued capital100 | - | - | - | €323,000 | €323,000 | = |
| Reserves13 | €139,286 | €139,286 | €32,300 | €32,300 | €32,300 | = |
| Non-distributable reserves130/1 | - | - | - | €32,300 | €32,300 | = |
| Legal reserve130 | - | - | - | €32,300 | €32,300 | = |
| Profit (loss) carried forward14 | €57,681 | €58,958 | -€35,825 | €186,249 | €562,029 | ▲ 202% |
| Amounts payable17/49 | €565,846 | €288,565 | €275,374 | €321,581 | €169,327 | ▼ 47.3% |
| Amounts payable after more than one year17 | €168,964 | €61,218 | €93,247 | €15,431 | - | - |
| Financial debts170/4 | - | - | - | €15,431 | - | - |
| Amounts payable within one year42/48 | €394,531 | €222,756 | €176,649 | €298,974 | €169,327 | ▼ 43.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €77,816 | €15,431 | ▼ 80.2% |
| Trade debts44 | €254,669 | €103,188 | €123,947 | €190,946 | €81,915 | ▼ 57.1% |
| Suppliers440/4 | - | - | - | €190,946 | €81,915 | ▼ 57.1% |
| Taxes, remuneration and social security45 | - | - | - | €30,033 | €71,982 | ▲ 140% |
| Taxes450/3 | - | - | - | €25,359 | €59,201 | ▲ 133% |
| Remuneration and social security454/9 | - | - | - | €4,673 | €12,781 | ▲ 173% |
| Other amounts payable47/48 | - | - | - | €179 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €7,177 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,889 | €1,277 | -€201,768 | €222,074 | €375,780 | ▲ 69.2% |
| + Depreciation and write-downs630 | €242,362 | €237,736 | €174,891 | €90,130 | €51,431 | ▼ 42.9% |
| Operating cash flow (approximation) | €282,251 | €239,013 | -€26,877 | €312,204 | €427,211 | ▲ 36.8% |
| Investment in fixed assets (approximation) | - | -€124,431 | -€31,107 | -€56,235 | -€25,664 | ▲ 54.4% |
| Change in cash | - | -€112,889 | -€30,562 | €233,283 | €209,950 | ▼ 10.0% |
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
08-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 69 days late
2022
31-12
Financial
Highest result since 2018net €375,780 ▲69.2%
Operating result €490,221, net result €375,780, both a record.
31-12
Financial
Liquidity triplescurrent ratio 4.64
Current ratio from 1.79 to 4.64; short-term debt falls from €298,974 to €169,327.
18-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 79 days late
2021
31-12
Financial
Back to profitnet €222,074
Net result €222,074 after one loss-making year.
31-12
Financial
Equity above €500,000Eq €541,549 ▲69.5%
Equity rises from €319,475 to €541,549.
26-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 118 days late
2020
31-12
Financial
Weakest financial yearnet -€201,768
Net result drops to -€201,768, the lowest in the series.
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 119 days late
12-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 196 days late
2018
18-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 79 days late
2017
16-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 77 days late
Show earlier events
2016
11-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 72 days late
2015
29-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 60 days late
2014
02-04
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
- LEVIparentSourceaccounts LEVI 30-06-202299%
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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 371 EUR awarded · 371 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 371 EUR | 371 EUR |