SOFTWARE DEVELOPMENTS
InactiveOverview
Activity
Activity not known
Size
≈ €850,000turnover 2022, estimated
- Equity
- €1.0m
- Profit
- €103,914
Turnover estimated from the gross marginNet result +29,237%: other schema
Financial health
Inactive: no score
Structure
1 of 7 deeds summarised
Signalsraises riskTwo or more financial years not filed2022 accounts filed 25 days lateShow the evidence
Signals
Two signals.
raises risk
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 year end31-07-2024 deadline30-10-2026 today
raises risk · 2022 accounts filed 25 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 25-08-2023, 25 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
25 days late
2021
31 days late
2020
31 days late
2019
32 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 14 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
- End & cessationResignations: NABUCO (director) and Cennini…
- Annual accounts filedfinancial year 2022 · abbreviated…
- Highest result from 2018 to 2022net €103,914 ▲29,237%
Financials · financial year 2022, abbreviated format
2022 annual accounts filed late (25 days) Filed on 25 August 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00363931.
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€1.1m▼ 82.0%
2020 · €6.2m
EBIT margin
-1.5%▲ 0.5pp
2020 · -2.0%
Net result
€103,914▲ 293×
2021 · €354
Working capital
€1.0m▲ 9.4%
2021 · €954,261
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result returns to profit in 2022: €362,013 after a loss of €16,825 in 2021, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€1.1m
2021
Operating result€0.4m
2022
Net result€0.1m
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.1m
2022
Equity€1.0m
2022
Debt€0.03m
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€1.0m
2022
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin-1.5%
2021
Average staff in full-time equivalents (FTE).
Staff (FTE)30.3
2021
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Turnover€6.5m-€6.7m▲ 2.3%€6.2m▼ 8.0%€1.1m▼ 82.0%
Operating result€0.09m-€0.09m▲ 3.6%-€0.1m-€0.02m▲ 86.3%€0.4m
Net result€0.02m-€0.02m▼ 1.8%-€0.1m€354€0.1m▲ 293×
EBIT margin1.4%-1.4%=-2.0%▼ 3.4pp-1.5%▲ 0.5pp
Equity€1.1m-€1.1m▲ 2.3%€0.9m▼ 13.3%€0.9m=€1.0m▲ 11.1%
Total assets€3.2m-€2.9m▼ 8.4%€2.8m▼ 3.7%€1.0m▼ 65.3%€1.1m▲ 10.7%
Debt€2.1m-€1.8m▼ 13.8%€1.8m▲ 2.0%€0.03m▼ 98.6%€0.03m▼ 0.2%
Working capital€0.6m-€0.8m▲ 39.7%€0.8m▼ 3.4%€1.0m▲ 22.1%€1.0m▲ 9.4%
Staff (FTE)28.8-30.2▲ 4.9%32.7▲ 8.3%30.3▼ 7.3%
Why a figure moved sharply
- 2022 Net result +29,237% on 2021. The accounts now follow the abbreviated format, last year the full format.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €1.1m
Fixed assets
€475 ▼ 56.6%
Current assets
€1.1m ▲ 10.8%
Equity and liabilities €1.1m
Equity
€1.0m ▲ 11.1%
Debt
€26,091 ▼ 0.2%
Debt's share of the balance-sheet total falls from 2.7% to 2.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€362,632▲
2021 · €3,397
Cash flow
€104,533▲
2021 · €20,575
Current ratio
41.01▼
2021 · 86.59
Debt to equity
0.02▼
2021 · 0.03
ROE
10.0%▲
2021 · 0.0%
ROA
9.7%▲
2021 · 0.0%
Interest coverage
over 100▲
2021 · 0.34
Debt ≤ 1 year
€26,091▲
2021 · €11,149
Income taxes
€20,546▲
2021 · €590
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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €1.1m | - | - |
| Turnover70 | €6.5m | €6.7m | €6.2m | €1.1m | - | - |
| Other operating income74 | - | - | - | €0.02m | - | - |
| Non-recurring operating income76A | - | - | - | €4 | - | - |
| Operating charges60/66A | - | - | - | €1.1m | - | - |
| Goods for resale, raw materials and consumables60 | - | - | - | €0.4m | - | - |
| Purchases600/8 | - | - | - | €0.4m | - | - |
| Change in stocks: decrease (increase)609 | - | - | - | €0.06m | - | - |
| Services and other goods61 | - | - | - | €0.2m | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.2m | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.2m | €0.2m | €0.02m | €0.001m | ▼ 96.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.06m | -€0.006m | - |
| Other operating charges640/8 | - | - | - | €0.2m | €0.001m | ▼ 99.4% |
| Non-recurring operating charges66A | - | - | - | €0.001m | - | - |
| Gross operating margin9900 | - | - | - | - | €0.4m | - |
| Operating profit (loss)9901 | €0.09m | €0.09m | -€0.1m | -€0.02m | €0.4m | - |
| Financial income75/76B | - | - | - | €0.03m | €0.01m | ▼ 56.9% |
| Recurring financial income75 | €0.01m | €0.005m | €0.01m | €0.03m | €0.01m | ▼ 56.9% |
| Income from current assets751 | - | - | - | €0.007m | - | - |
| Other financial income752/9 | - | - | - | €0.02m | - | - |
| Financial charges65/66B | - | - | - | €0.01m | €0.3m | ▲ 22× |
| Recurring financial charges65 | €0.03m | €0.03m | €0.03m | €0.01m | €172 | ▼ 98.5% |
| Debt charges650 | €0.03m | €0.03m | €0.03m | €0.01m | - | - |
| Other financial charges652/9 | - | - | - | €0.002m | - | - |
| Non-recurring financial charges66B | - | - | - | - | €0.3m | - |
| Profit (loss) for the period before taxes9903 | €0.07m | €0.07m | -€0.1m | €0.001m | €0.1m | ▲ 132× |
| Income taxes67/77 | €0.04m | €0.05m | €0.007m | €0.001m | €0.02m | ▲ 35× |
| Taxes670/3 | - | - | - | €0.001m | - | - |
| Profit (loss) for the period9904 | €0.02m | €0.02m | -€0.1m | €354 | €0.1m | ▲ 293× |
| Profit (loss) for the period to be appropriated9905 | €0.02m | €0.02m | -€0.1m | €354 | €0.1m | ▲ 293× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.2m | €2.9m | €2.8m | €1.0m | €1.1m | ▲ 10.7% |
| Formation expenses20 | €0 | €0 | €0 | - | - | - |
| Fixed assets21/28 | €1.1m | €0.5m | €0.3m | €0.001m | €475 | ▼ 56.6% |
| Intangible fixed assets21 | €0.6m | €0.5m | €0.3m | €0 | - | - |
| Tangible fixed assets22/27 | €0.05m | €0.04m | €0.05m | €0.001m | €225 | ▼ 73.4% |
| Plant, machinery and equipment23 | - | - | - | €0.001m | €160 | ▼ 74.4% |
| Furniture and vehicles24 | - | - | - | €220 | €65 | ▼ 70.5% |
| Other tangible fixed assets26 | - | - | - | €0 | - | - |
| Financial fixed assets28 | €0.5m | €251 | €251 | €251 | €250 | ▼ 0.4% |
| Affiliated companies280/1 | - | - | - | €1 | - | - |
| Participating interests280 | - | - | - | €1 | - | - |
| Other financial fixed assets284/8 | - | - | - | €250 | - | - |
| Shares284 | - | - | - | €250 | - | - |
| Current assets29/58 | €2.0m | €2.4m | €2.4m | €1.0m | €1.1m | ▲ 10.8% |
| Amounts receivable after more than one year29 | - | - | - | €0.8m | €1.0m | ▲ 26.9% |
| Other amounts receivable291 | - | - | - | €0.8m | €1.0m | ▲ 26.9% |
| Stocks and contracts in progress3 | €0.06m | €0.06m | €0.06m | €0 | - | - |
| Stocks30/36 | - | - | - | €0 | - | - |
| Goods purchased for resale34 | - | - | - | €0 | - | - |
| Amounts receivable within one year40/41 | €1.4m | €1.1m | €1.2m | €0.05m | €0.002m | ▼ 95.2% |
| Trade receivables40 | - | - | - | €0.01m | €0.001m | ▼ 93.1% |
| Other amounts receivable41 | - | - | - | €0.04m | €0.001m | ▼ 95.9% |
| Cash at bank and in hand54/58 | €0.6m | €0.6m | €0.7m | €0.1m | €0.05m | ▼ 55.0% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.2m | €2.9m | €2.8m | €1.0m | €1.1m | ▲ 10.7% |
| Equity10/15 | €1.1m | €1.1m | €0.9m | €0.9m | €1.0m | ▲ 11.1% |
| Contributions10/11 | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Capital10 | - | - | - | €0.8m | €0.8m | = |
| Issued capital100 | - | - | - | €0.8m | €0.8m | = |
| Reserves13 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 26.9% |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | ▲ 11.5% |
| Legal reserve130 | - | - | - | €0.02m | €0.02m | ▲ 11.5% |
| Tax-exempt reserves132 | - | - | - | €0.003m | €0.003m | = |
| Distributable reserves133 | - | - | - | €0.2m | €0.2m | ▲ 29.5% |
| Profit (loss) carried forward14 | €0.07m | €0.09m | -€0.05m | -€0.05m | - | - |
| Amounts payable17/49 | €2.1m | €1.8m | €1.8m | €0.03m | €0.03m | ▼ 0.2% |
| Amounts payable after more than one year17 | €0.5m | - | - | - | - | - |
| Amounts payable within one year42/48 | €1.5m | €1.6m | €1.7m | €0.01m | €0.03m | ▲ 134% |
| Financial debts43 | - | - | - | €0 | - | - |
| Credit institutions430/8 | - | - | - | €0 | - | - |
| Trade debts44 | €0.7m | €0.8m | €0.9m | €0.001m | €0.001m | ▲ 11.4% |
| Suppliers440/4 | - | - | - | €0.001m | €0.001m | ▲ 11.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.001m | €0.02m | ▲ 35× |
| Taxes450/3 | - | - | - | €0.001m | €0.02m | ▲ 35× |
| Remuneration and social security454/9 | - | - | - | €0 | - | - |
| Other amounts payable47/48 | - | - | - | €0.009m | €0.004m | ▼ 55.7% |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,565 | €24,116 | -€144,284 | €354 | €103,914 | ▲ 293× |
| + Depreciation and write-downs630 | €191,246 | €188,020 | €187,859 | €20,221 | €619 | ▼ 96.9% |
| Operating cash flow (approximation) | €215,811 | €212,136 | €43,575 | €20,575 | €104,533 | ▲ 408% |
| Investment in fixed assets (approximation) | - | €448,967 | -€47,067 | €324,256 | €1 | ▼ 100.0% |
| Change in cash | - | €43,979 | €92,078 | -€600,184 | -€64,267 | ▲ 89.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 39 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | abbreviated format | 25-08-2023 | 2023-00363931 |
| 31-12-2021 | full format | 31-08-2022 | 2022-20405024 |
| 31-12-2020 | full format | 31-08-2021 | 2021-65500233 |
| 31-12-2019 | full format | 29-06-2020 | 2020-24800129 |
| 31-12-2018 | full format | 03-07-2019 | 2019-29600464 |
| 31-12-2017 | full format | 03-07-2018 | 2018-29300229 |
| 31-12-2016 | full format | 04-07-2017 | 2017-28300202 |
| 31-12-2015 | full format | 05-07-2016 | 2016-27800528 |
| 31-12-2014 | full format | 15-07-2015 | 2015-31000097 |
| 31-12-2013 | full format | 27-06-2014 | 2014-24900014 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
no sitting director read yet, last change in 2024
No directors read yet: 1 of 7 Gazette acts processed. See the directors and other office holders in the KBO →
Mandate history
2 people since 2024, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| CENNINI HOLDING |
|
| NABUCO |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
The board mandates are listed below; here you explore them as a network.
This company
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Board mandates elsewhere
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
History
Acts, filings and financial milestones
2024
15-02
Gazette deed
End & cessationResignations: NABUCO (director) and Cennini Holding (director) · Net-asset statement · Auditor report26 facts ▸
Gazette deed
End & cessation
Resignations: NABUCO (director) and Cennini Holding (director) · Net-asset statement · Auditor report26 facts ▸
- General meeting, 21-12-2023
- Other provision, “vrijstelling van voorlezing van verslag bestuursorgaan, voorstel tot ontbinding van de vennootschap” (deed in Dutch)
- Net-asset statement, 15-12-2023
- Other provision, “vrijstelling van voorlezing van verslag bedrijfsrevisor, artikel 2:71 § 2 van het Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Auditor report, “discontinuiteit, staat van activa en passiva bij voorstel van ontbinding” (deed in Dutch)
- Other provision, “Verantwoordelijkheden bedrijfsrevisor, redelijke mate van zekerheid” (deed in Dutch)
- Other provision, “Beperking gebruik verslag bedrijfsrevisor, artikel 2:71 §2 derde lid en artikel 2:80 eerste lid 2° WVV” (deed in Dutch)
- Other provision, “kennisname verslagen en staat van activa en passiva, verslagen bestuursorgaan en bedrijfsrevisor en staat van activa en passiva” (deed in Dutch)
- Other provision, “afstand gewone vereffeningsprocedure en verslag activa, termijn en formaliteiten WVV gewone vereffeningsprocedure” (deed in Dutch)
- Other provision, “schulden ten aanzien van derden, geen schulden of nodige gelden geconsigneerd” (deed in Dutch)
- Other provision, “eventuele later opduikende passiva, persoonlijke borgstelling comparanten voor later opduikende passiva” (deed in Dutch)
- Other provision, “commissaris” (deed in Dutch)
- +14 further facts in this act
2023
25-08
NBB filing
Annual accounts filed
financial year 2022 · abbreviated format · 25 days late
2022
31-12
Financial
Highest result from 2018 to 2022net €103,914 ▲29,237%
Operating result €362,013, net result €103,914, both a record.
31-12
Financial
Equity above €1mequity €1.0m ▲11.1%
2 profitable years in a row build equity to €1.0m.
31-08
NBB filing
Annual accounts filed
financial year 2021 · full format · 31 days late
2021
31-12
Financial
Back to profitnet €354
Net result €354 after one loss-making year.
31-12
Financial
Liquidity more than 58 timescurrent ratio 86.59
Current ratio from 1.47 to 86.59; short-term debt falls from €1.7m to €11,149.
31-08
NBB filing
Annual accounts filed
financial year 2020 · full format · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€144,284
Net result drops to -€144,284, the lowest in the series.
29-06
NBB filing
Annual accounts filed
financial year 2019 · full format
2019
03-07
NBB filing
Annual accounts filed
financial year 2018 · full format
2018
03-07
NBB filing
Annual accounts filed
financial year 2017 · full format
Show earlier events
2017
04-07
NBB filing
Annual accounts filed
financial year 2016 · full format
2016
05-07
NBB filing
Annual accounts filed
financial year 2015 · full format
2015
15-07
NBB filing
Annual accounts filed
financial year 2014 · full format
2014
27-06
NBB filing
Annual accounts filed
financial year 2013 · full format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 39 annual accounts filed, the latest 10 are here; all 39 are under Financials.
1 of 7 deeds read
About the unread acts
Of the 7 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Inactive
Inactive
SOFTWARE DEVELOPMENTS is no longer in the KBO register.
- Status
- Inactive
- Last annual accounts
- financial year to 31 December 2022
- Last registered office
- Kwadestraat 151A, Bus 51, 9080 Lochristias published on 15 February 2024
- Legal form
- Public limited company
- Active since
- 1983 (first annual accounts)
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Articles of association
- Other provisionsOther rules from the articles that fall under none of the themes above.
- 2 more provisions in the deed, see the deed of 15-02-2024
Read from the deeds: 2 provisions, deed of 15-02-2024