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Inactive
KBO/BCE: BE 0716.760.516

Inactive; last annual accounts for fiscal year 2021.

Signals

1 signal. The signal on the left, the evidence on the right.
○neutral
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 27-05-2022, 65 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2021
65 d early
2020
37 d early
2019
45 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2021, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-127k▼ 688%
2020 · €-16k
2019: €-1khighest in 3 years 2020: €-16k▼ -1317% vs 2019 2021: €-127k▼ -688% vs 2020lowest in 3 years
2019 → 2021
Working capital
€-56k
2020 · €153k
2019: €30k 2020: €153k▲ +406% vs 2019highest in 3 years 2021: €-56k▼ -137% vs 2020lowest in 3 years
2019 → 2021
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line201920202021Trend
Equity€61k-€345k▲ 467%€218k▼ 36.7% 2019: €61klowest in 3 years 2020: €345k▲ +467% vs 2019highest in 3 years 2021: €218k▼ -36.7% vs 2020
Operating result€-1k-€-16k▼ 1,459%€-125k▼ 681% 2019: €-1khighest in 3 years 2020: €-16k▼ -1459% vs 2019 2021: €-125k▼ -681% vs 2020lowest in 3 years
Net result€-1k-€-16k▼ 1,317%€-127k▼ 688% 2019: €-1khighest in 3 years 2020: €-16k▼ -1317% vs 2019 2021: €-127k▼ -688% vs 2020lowest in 3 years
Result per fiscal year
Operating resultNet result
€-150k€-100k€-50k€0Operating result 2019: €-1k€-1kNet result 2019: €-1k€-1kOperating result 2020: €-16k€-16kNet result 2020: €-16k€-16kOperating result 2021: €-125k€-125kNet result 2021: €-127k€-127k201920202021€-150k€-100k€-50k€0Operating result 2019: €-1k€-1kNet result 2019: €-1k€-1.1kOperating result 2020: €-16k€-16kNet result 2020: €-16k€-16kOperating result 2021: €-125k€-125kNet result 2021: €-127k€-127k201920202021
The operating result stays negative: a loss of €125k in 2021 against €16k in 2020; the loss grows and 2021 has the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €567k
Fixed assets €388k ▲ 27.2%
Current assets €179k ▲ 7.5%
Equity and liabilities €567k
Equity €218k ▼ 36.7%
Debt €349k ▲ 173%
Debt's share of the balance-sheet total rises from 27.0% to 61.5%. Equity is lower and debt is higher.
Key figures and ratios
2021 value · change against 2020
EBITDA
€-37k▼
2020 · €31k
Cash flow
€-39k▼
2020 · €31k
Current ratio
0.76▼
2020 · 11.98
Debt to equity
1.60▲
2020 · 0.33
ROE
-58.0%▼
2020 · -4.7%
ROA
-22.3%▼
2020 · -3.4%
Interest coverage
-19.75
Debt ≤ 1 year
€235k▲
2020 · €14k
Debt > 1 year
€114k=
2020 · €114k
Staff costs
€133k
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€473k€567k▲
Formation expenses20€949€0▼
Fixed assets21/28€305k€388k▲
Intangible fixed assets21€295k€372k▲
Tangible fixed assets22/27€10k€6k▼
Furniture and vehicles24-€6k
Financial fixed assets28€205€10k▲
Current assets29/58€167k€179k▲
Amounts receivable within one year40/41€88k€168k▲
Trade receivables40-€167k
Other amounts receivable41-€720
Cash at bank and in hand54/58€76k€9k▼
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€473k€567k▲
Equity10/15€345k€218k▼
Contributions10/11€362k€362k=
Capital10-€362k
Issued capital100-€362k
Profit (loss) carried forward14€-17k€-144k▼
Amounts payable17/49€128k€349k▲
Amounts payable after more than one year17€114k€114k=
Trade debts175-€114k
Amounts payable within one year42/48€14k€235k▲
Financial debts43-€427
Credit institutions430/8-€427
Trade debts44€2k€107k▲
Suppliers440/4-€107k
Advances received on contracts in progress46-€74k
Taxes, remuneration and social security45-€54k
Taxes450/3-€27k
Remuneration and social security454/9-€27k
Other amounts payable47/48-€0
Accrued charges and deferred income492/3-€0
Income statement Code20202021
Remuneration, social security and pensions62-€133k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€88k▲
Other operating charges640/8-€946
Gross operating margin9900€81k€97k▲
Operating profit (loss)9901€-16k€-125k▼
Financial income75/76B-€8
Recurring financial income75€10€8▼
Financial charges65/66B-€2k
Recurring financial charges65€109€2k▲
Profit (loss) for the period before taxes9903€-16k€-127k▼
Profit (loss) for the period9904€-16k€-127k▼
Profit (loss) for the period to be appropriated9905€-16k€-127k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-144k
Profit (loss) brought forward from the previous period14P-€-17k
Social balance
Average headcount (FTE)9087-2.3

The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement
Line201920202021Change
Remuneration, social security and pensions62--€133k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€47k€88k▲ 87.3%
Other operating charges640/8--€946-
Gross operating margin9900€6k€81k€97k▲ 20.3%
Operating profit (loss)9901€-1k€-16k€-125k▼ 681%
Financial income75/76B--€8-
Recurring financial income75-€10€8▼ 17.8%
Financial charges65/66B--€2k-
Recurring financial charges65€110€109€2k▲ 1,616%
Profit (loss) for the period before taxes9903€-1k€-16k€-127k▼ 688%
Profit (loss) for the period9904€-1k€-16k€-127k▼ 688%
Profit (loss) for the period to be appropriated9905€-1k€-16k€-127k▼ 688%
Line201920202021Change
Assets
Total assets20/58€205k€473k€567k▲ 20.0%
Formation expenses20€11€949€0▼ 100%
Fixed assets21/28€131k€305k€388k▲ 27.2%
Intangible fixed assets21€131k€295k€372k▲ 26.3%
Tangible fixed assets22/27-€10k€6k▼ 39.6%
Furniture and vehicles24--€6k-
Financial fixed assets28-€205€10k▲ 4,585%
Current assets29/58€74k€167k€179k▲ 7.5%
Amounts receivable within one year40/41€13k€88k€168k▲ 89.8%
Trade receivables40--€167k-
Other amounts receivable41--€720-
Cash at bank and in hand54/58€61k€76k€9k▼ 88.2%
Deferred charges and accrued income490/1--€3k-
Equity and liabilities
Total equity and liabilities10/49€205k€473k€567k▲ 20.0%
Equity10/15€61k€345k€218k▼ 36.7%
Contributions10/11€62k€362k€362k=
Capital10--€362k-
Issued capital100--€362k-
Profit (loss) carried forward14€-1k€-17k€-144k▼ 736%
Amounts payable17/49€144k€128k€349k▲ 173%
Amounts payable after more than one year17€100k€114k€114k=
Trade debts175--€114k-
Amounts payable within one year42/48€44k€14k€235k▲ 1,592%
Financial debts43--€427-
Credit institutions430/8--€427-
Trade debts44€44k€2k€107k▲ 5,308%
Suppliers440/4--€107k-
Advances received on contracts in progress46--€74k-
Taxes, remuneration and social security45--€54k-
Taxes450/3--€27k-
Remuneration and social security454/9--€27k-
Other amounts payable47/48--€0-
Accrued charges and deferred income492/3--€0-
Line201920202021Change
Profit (loss) for the period9904€-1k€-16k€-127k▼ 688%
+ Depreciation and write-downs630€7k€47k€88k▲ 87.3%
Operating cash flow (approximation)€5k€31k€-39k▼ 226%
Investment in fixed assets (approximation)-€-221k€-171k▲ 22.9%
Change in cash-€15k€-67k▼ 558%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2022
22-07
State Gazette act General meeting · Merger
Accounting effect · Purpose change
22-07
State Gazette act General meeting · Merger
Accounting effect · Purpose change · Yorik DESMYTTERE
27-05
NBB filing Annual accounts filed
fiscal year 2021 · full schema
20-05
State Gazette act Merger · Accounting effect
Corporate purpose extension
20-05
State Gazette act Merger · Accounting effect
Corporate purpose change
2021
31-12
Financial Weakest financial yearnet €-127k
Net result drops to €-127k, the lowest in the series.
24-06
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial Liquidity times 7current ratio 11.98
Current ratio from 1.69 to 11.98; short-term debt falls from €44k to €14k.
31-12
Financial Equity above €200kEq €345k ▲467%
Equity rises from €61k to €345k.
16-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
Financial milestoneState Gazette actNBB 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

Acquisitions and mergers

1 transaction
Taken over by:BELGIAN MOBILITY CARD
BE 0822.658.483merger by absorption · State Gazette act of 22-07-2022 (4 acts)