STIJL
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 deadline25-09-2026 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 08-04-2022, 114 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
114 d early
2020
36 d early
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, abbreviated schema
Equity
€289k▲ 13.0%
2020 · €256k
2018: €140k
2019: €192k
2020: €256k
2018 → 2021
Total assets
€2.17M▼ 4.8%
2020 · €2.28M
2018: €2.24M
2019: €2.24M
2020: €2.28M
2018 → 2021
Net result
€33k▼ 47.9%
2020 · €64k
2018: €55k
2019: €52k
2020: €64k
2018 → 2021
Working capital
€-1.27M▼ 7.0%
2020 · €-1.18M
2018: €-1.25M
2019: €-1.20M
2020: €-1.18M
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€140k-€192k▲ 37.3%€256k▲ 33.1%€289k▲ 13.0%
Operating result€70k-€75k▲ 8.1%€82k▲ 9.1%€42k▼ 48.3%
Net result€55k-€52k▼ 4.4%€64k▲ 21.8%€33k▼ 47.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 48% below 2020 and is the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €2.17M
Fixed assets
€1.76M ▼ 1.3%
Current assets
€411k ▼ 17.6%
Equity and liabilities €2.17M
Equity
€289k ▲ 13.0%
Provisions
€0 ▼ 100%
Debt
€1.88M ▼ 4.0%
Debt's share of the balance-sheet total rises from 85.9% to 86.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€56k▼
2020 · €94k
Cash flow
€47k▼
2020 · €76k
Current ratio
0.24▼
2020 · 0.30
Debt to equity
6.49▲
2020 · 1.07
ROE
11.5%▼
2020 · 24.9%
ROA
1.5%▼
2020 · 2.8%
Interest coverage
19.48
Debt ≤ 1 year
€1.68M▼
2020 · €1.68M
Debt > 1 year
€202k▼
2020 · €275k
Income taxes
€11k▼
2020 · €20k
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 · 2021 against 2020 · 48 lines
Balance sheet
Code20202021
Assets
Total assets20/58€2.28M€2.17M▼
Fixed assets21/28€1.78M€1.76M▼
Tangible fixed assets22/27€397k€375k▼
Land and buildings22-€375k
Plant, machinery and equipment23-€0
Furniture and vehicles24-€0
Financial fixed assets28€1.38M€1.38M=
Current assets29/58€498k€411k▼
Amounts receivable within one year40/41€428k€386k▼
Trade receivables40-€15k
Other amounts receivable41-€371k
Cash at bank and in hand54/58€58k€13k▼
Deferred charges and accrued income490/1-€12k
Equity and liabilities
Total equity and liabilities10/49€2.28M€2.17M▼
Equity10/15€256k€289k▲
Contributions10/11-€19k
Reserves13€2k€2k=
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Profit (loss) carried forward14€236k€269k▲
Provisions and deferred taxes16€65k€0▼
Provisions for liabilities and charges160/5-€0
Pensions and similar obligations160-€0
Amounts payable17/49€1.96M€1.88M▼
Amounts payable after more than one year17€275k€202k▼
Financial debts170/4-€202k
Amounts payable within one year42/48€1.68M€1.68M▼
Current portion of amounts payable after more than one year42-€47k
Trade debts44€2k€17k▲
Suppliers440/4-€17k
Taxes, remuneration and social security45-€1k
Taxes450/3-€1k
Other amounts payable47/48-€1.61M
Income statement
Code20202021
Non-recurring operating income76A-€0
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€14k▲
Other operating charges640/8-€2k
Gross operating margin9900€96k€58k▼
Operating profit (loss)9901€82k€42k▼
Financial income75/76B-€5k
Recurring financial income75€6k€5k▼
Financial charges65/66B-€3k
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€84k€45k▼
Income taxes67/77€20k€11k▼
Profit (loss) for the period9904€64k€33k▼
Profit (loss) for the period to be appropriated9905€64k€33k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€269k
Profit (loss) brought forward from the previous period14P-€236k
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2022
13-10
State Gazette act
Merger · Accounting effect
Real estate
08-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €33k ▼47.9%
Net result drops to €33k, the lowest in the series.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €64k ▲21.8%
Operating result €82k, net result €64k, both a record.
31-12
Financial
Equity above €200kEq €256k ▲33.1%
3 profitable years in a row build equity to €256k.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €150kEq €192k ▲37.3%
2 profitable years in a row build equity to €192k.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 67 days late
2016
17-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 17 days late
Show earlier events
2015
22-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
13-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 13 days late
2013
29-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 29 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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:W.W.R.S. BELGIUM NV