SOMAP
InactiveInactive; last annual accounts for fiscal year 2021.
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 31-12-2022, 4 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
31-12-2022 close31-07-2023 deadline29-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 05-07-2022, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
26 d early
2020
22 d early
2019
14 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 21 days before 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 2021, micro schema
Equity
€771,389▲ 13.9%
2020 · €677,371
Total assets
€787,973▲ 12.4%
2020 · €700,831
Net result
€94,017▲ 107%
2020 · €45,519
Working capital
€755,138▲ 15.0%
2020 · €656,906
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
Line2018201920202021
Operating result€107,885-€149,645▲ 38.7%€83,341▼ 44.3%€147,258▲ 76.7%
Net result€66,858-€97,632▲ 46.0%€45,519▼ 53.4%€94,017▲ 107%
Equity€534,220-€631,852▲ 18.3%€677,371▲ 7.2%€771,389▲ 13.9%
Total assets€573,723-€660,432▲ 15.1%€700,831▲ 6.1%€787,973▲ 12.4%
Debt€32,876-€21,953▼ 33.2%€23,460▲ 6.9%€16,584▼ 29.3%
Working capital€506,661-€600,427▲ 18.5%€656,906▲ 9.4%€755,138▲ 15.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2021; 2021 is 77% above 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €787,973
Fixed assets
€17,342 ▼ 16.9%
Current assets
€770,631 ▲ 13.3%
Equity and liabilities €787,973
Equity
€771,389 ▲ 13.9%
Debt
€16,584 ▼ 29.3%
Debt's share of the balance-sheet total falls from 3.3% to 2.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€149,611▲
2020 · €85,693
Cash flow
€96,370▲
2020 · €47,872
Current ratio
49.74▲
2020 · 29.49
Debt to equity
0.02
ROE
12.2%▲
2020 · 6.7%
ROA
11.9%▲
2020 · 6.5%
Interest coverage
169.17
Debt ≤ 1 year
€15,493▼
2020 · €23,054
Income taxes
€52,359▲
2020 · €29,301
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 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €105 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,942 | €3,268 | €2,353 | €2,353 | = |
| Other operating charges640/8 | - | - | - | €899 | - |
| Gross operating margin9900 | €117,665 | €156,789 | €87,457 | €150,510 | ▲ 72.1% |
| Operating profit (loss)9901 | €107,885 | €149,645 | €83,341 | €147,258 | ▲ 76.7% |
| Financial income75/76B | - | - | - | €2 | - |
| Recurring financial income75 | €4,488 | €9,853 | - | €2 | - |
| Financial charges65/66B | - | - | - | €884 | - |
| Recurring financial charges65 | €1,523 | €1,063 | €8,520 | €884 | ▼ 89.6% |
| Profit (loss) for the period before taxes9903 | €110,850 | €158,435 | €74,820 | €146,376 | ▲ 95.6% |
| Income taxes67/77 | €43,992 | €60,803 | €29,301 | €52,359 | ▲ 78.7% |
| Profit (loss) for the period9904 | €66,858 | €97,632 | €45,519 | €94,017 | ▲ 107% |
| Transfer from tax-exempt reserves789 | - | - | - | €31,000 | - |
| Profit (loss) for the period to be appropriated9905 | €66,858 | €97,632 | €45,519 | €125,017 | ▲ 175% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €573,723 | €660,432 | €700,831 | €787,973 | ▲ 12.4% |
| Fixed assets21/28 | €35,513 | €38,276 | €20,872 | €17,342 | ▼ 16.9% |
| Tangible fixed assets22/27 | €2,285 | €5,048 | €2,695 | €342 | ▼ 87.3% |
| Other tangible fixed assets26 | - | - | - | €342 | - |
| Financial fixed assets28 | €33,228 | €33,228 | €18,177 | €17,000 | ▼ 6.5% |
| Current assets29/58 | €538,210 | €622,156 | €679,960 | €770,631 | ▲ 13.3% |
| Amounts receivable within one year40/41 | €21,621 | €120,440 | €179,091 | €251,644 | ▲ 40.5% |
| Trade receivables40 | - | - | - | €37,061 | - |
| Other amounts receivable41 | - | - | - | €214,583 | - |
| Current investments50/53 | €485,250 | €87,240 | €87,240 | €87,240 | = |
| Cash at bank and in hand54/58 | €30,654 | €414,475 | €413,628 | €429,992 | ▲ 4.0% |
| Deferred charges and accrued income490/1 | - | - | - | €1,754 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €573,723 | €660,432 | €700,831 | €787,973 | ▲ 12.4% |
| Equity10/15 | €534,220 | €631,852 | €677,371 | €771,389 | ▲ 13.9% |
| Contributions10/11 | €148,736 | €148,736 | €148,736 | €148,736 | = |
| Capital10 | - | - | - | €148,736 | - |
| Issued capital100 | - | - | - | €148,736 | - |
| Reserves13 | €361,968 | €459,600 | €505,119 | €599,136 | ▲ 18.6% |
| Non-distributable reserves130/1 | - | - | - | €102,114 | - |
| Legal reserve130 | - | - | - | €14,874 | - |
| Own shares acquired1312 | - | - | - | €87,240 | - |
| Distributable reserves133 | - | - | - | €497,023 | - |
| Profit (loss) carried forward14 | €23,516 | €23,516 | €23,516 | €23,516 | = |
| Provisions and deferred taxes16 | €6,626 | €6,626 | - | - | - |
| Amounts payable17/49 | €32,876 | €21,953 | €23,460 | €16,584 | ▼ 29.3% |
| Amounts payable within one year42/48 | €31,549 | €21,729 | €23,054 | €15,493 | ▼ 32.8% |
| Trade debts44 | €3,197 | €6,985 | €2,947 | €325 | ▼ 89.0% |
| Suppliers440/4 | - | - | - | €325 | - |
| Taxes, remuneration and social security45 | - | - | - | €15,168 | - |
| Taxes450/3 | - | - | - | €15,168 | - |
| Accrued charges and deferred income492/3 | - | - | - | €1,091 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €66,858 | €97,632 | €45,519 | €94,017 | ▲ 107% |
| + Depreciation and write-downs630 | €1,942 | €3,268 | €2,353 | €2,353 | = |
| Operating cash flow (approximation) | €68,799 | €100,900 | €47,872 | €96,370 | ▲ 101% |
| Investment in fixed assets (approximation) | - | -€6,031 | €15,052 | €1,177 | ▼ 92.2% |
| Change in cash | - | €383,822 | -€847 | €16,364 | ▲ 2,032% |
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
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €45,519 ▼53.4%
Net result drops to €45,519, the lowest in the series.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €97,632 ▲46%
Operating result €149,645, net result €97,632, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
27-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
20-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 20 days late
2014
27-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
30-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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 holdingOwners 0
The accounts to 31-12-2021 list no shareholders, and no other source names one.
Holdings 1
-
66.67%
According to the 2021 annual accounts of SOMAP and those 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.