SEDACTA
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 30-09-2023, 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 · 6 filingsPosition against the passed deadline
30-09-2023 close30-04-2024 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2022 was due by 30-04-2023 and was filed on 18-04-2023, 12 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
12 d early
2021
31 d early
2020
57 d early
2019
79 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€0
Total assets
€3.58M▲ 44.4%
2021 · €2.48M
2018: €1.20M
2019: €2.56M
2020: €2.16M
2021: €2.48M
2018 → 2022
Net result
€288k▲ 106%
2021 · €139k
2018: €230k
2019: €561k
2020: €527k
2021: €139k
2018 → 2022
Working capital
€772k▲ 6.5%
2021 · €725k
2018: €290k
2019: €579k
2020: €657k
2021: €725k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€0-
Equity€302k-€562k▲ 86.4%€670k▲ 19.1%€749k▲ 11.8%€797k▲ 6.4%
Operating result€247k-€663k▲ 169%€568k▼ 14.3%€176k▼ 69.1%€329k▲ 87.3%
Net result€230k-€561k▲ 144%€527k▼ 5.9%€139k▼ 73.6%€288k▲ 106%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2022; 2022 is 87% above 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €3.58M
Fixed assets
€53k ▲ 36.3%
Current assets
€3.53M ▲ 44.5%
Equity and liabilities €3.58M
Equity
€797k ▲ 6.4%
Provisions
€11k ▼ 12.2%
Debt
€2.78M ▲ 61.3%
Debt's share of the balance-sheet total rises from 69.3% to 77.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€349k▲
2021 · €194k
Cash flow
€308k▲
2021 · €157k
Current ratio
1.28▼
2021 · 1.42
Quick ratio
0.40▼
2021 · 1.36
Debt to equity
3.49▲
2021 · 0.00
ROE
36.1%▲
2021 · 18.6%
ROA
8.0%▲
2021 · 5.6%
Interest coverage
704.57
Debt ≤ 1 year
€2.76M▲
2021 · €1.72M
Income taxes
€42k▲
2021 · €35k
Staff costs
€745k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 61 lines
Balance sheet
Code20212022
Assets
Total assets20/58€2.48M€3.58M▲
Fixed assets21/28€39k€53k▲
Tangible fixed assets22/27€39k€53k▲
Plant, machinery and equipment23-€0
Furniture and vehicles24-€48k
Other tangible fixed assets26-€6k
Current assets29/58€2.44M€3.53M▲
Stocks and contracts in progress3€108k€2.43M▲
Stocks30/36-€157k
Contracts in progress37-€2.27M
Amounts receivable within one year40/41€664k€664k=
Trade receivables40-€488k
Other amounts receivable41-€176k
Cash at bank and in hand54/58€227k€436k▲
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€2.48M€3.58M▲
Equity10/15€749k€797k▲
Contributions10/11€240k€240k=
Capital10-€240k
Issued capital100-€240k
Reserves13€509k€557k▲
Non-distributable reserves130/1-€24k
Legal reserve130-€24k
Tax-exempt reserves132-€533
Distributable reserves133-€532k
Profit (loss) carried forward14-€0
Provisions and deferred taxes16€12k€11k▼
Provisions for liabilities and charges160/5-€11k
Other liabilities and charges164/5-€11k
Amounts payable17/49€1.72M€2.78M▲
Amounts payable after more than one year17€0-
Amounts payable within one year42/48€1.72M€2.76M▲
Current portion of amounts payable after more than one year42-€0
Trade debts44€395k€206k▼
Suppliers440/4-€206k
Advances received on contracts in progress46-€2.15M
Taxes, remuneration and social security45-€162k
Taxes450/3-€16k
Remuneration and social security454/9-€146k
Other amounts payable47/48-€240k
Accrued charges and deferred income492/3-€18k
Income statement
Code20212022
Remuneration, social security and pensions62-€745k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€21k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€-2k
Other operating charges640/8-€8k
Gross operating margin9900€740k€1.10M▲
Operating profit (loss)9901€176k€329k▲
Financial income75/76B-€2k
Recurring financial income75€0€2k▲
Financial charges65/66B-€496
Recurring financial charges65€1k€496▼
Profit (loss) for the period before taxes9903€174k€330k▲
Income taxes67/77€35k€42k▲
Profit (loss) for the period9904€139k€288k▲
Profit (loss) for the period to be appropriated9905€139k€288k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€288k
Transfer to equity691/2-€48k
To other reserves6921-€48k
Profit to be distributed694/7-€240k
Directors or managers695-€240k
Social balance
Average headcount (FTE)9087-12.3
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
18-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
17-02
State Gazette act
Merger · Accounting effect
Permanent representative · Shareholding
2022
30-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Weakest financial yearnet €139k ▼73.6%
Net result drops to €139k, the lowest in the series.
04-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
11-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Highest result since 2018net €561k ▲144%
Operating result €663k, net result €561k, both a record.
30-09
Financial
Equity above €500kEq €562k ▲86.4%
2 profitable years in a row build equity to €562k.
18-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneState Gazette actNBB 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
Acquisitions and mergers
1 transactionTaken over by:SOENEN TECHNOLOGY