T & EX
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 30-06-2023, 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
30-06-2023 close31-01-2024 deadline29-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2022 was due by 31-01-2023 and was filed on 09-01-2023, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
22 d early
2021
11 d late
2020
45 d early
2019
49 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 26 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 2022, micro schema
Equity
€854,570▲ 43.3%
2021 · €596,390
Total assets
€888,142▲ 11.6%
2021 · €796,009
Net result
€258,179▲ 92.8%
2021 · €133,915
Working capital
€857,345▲ 205%
2021 · €281,473
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
Line2019202020212022
Operating result€77,952-€129,712▲ 66.4%€204,563▲ 57.7%€68,914▼ 66.3%
Net result€73,326-€134,021▲ 82.8%€133,915▼ 0.1%€258,179▲ 92.8%
Equity€328,454-€462,475▲ 40.8%€596,390▲ 29.0%€854,570▲ 43.3%
Total assets€545,356-€663,659▲ 21.7%€796,009▲ 19.9%€888,142▲ 11.6%
Debt€209,021-€194,019▼ 7.2%€193,171▼ 0.4%€33,572▼ 82.6%
Working capital-€20,262-€114,271€281,473▲ 146%€857,345▲ 205%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2022; 2022 is 66% below 2021 and is the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €888,142
Fixed assets
€2,600 ▼ 99.2%
Current assets
€885,542 ▲ 88.6%
Equity and liabilities €888,142
Equity
€854,570 ▲ 43.3%
Provisions
€0 ▼ 100%
Debt
€33,572 ▼ 82.6%
Debt's share of the balance-sheet total falls from 24.3% to 3.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€113,268▼
2021 · €248,865
Cash flow
€302,533▲
2021 · €178,217
Current ratio
31.41▲
2021 · 2.50
Debt to equity
0.04
ROE
30.2%▲
2021 · 22.5%
ROA
29.1%▲
2021 · 16.8%
Interest coverage
53.38
Debt ≤ 1 year
€28,197▼
2021 · €188,078
Income taxes
€49,923▼
2021 · €65,914
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40,980 | €43,583 | €44,302 | €44,354 | ▲ 0.1% |
| Other operating charges640/8 | - | - | - | €2,932 | - |
| Gross operating margin9900 | €121,629 | €175,337 | €251,581 | €116,200 | ▼ 53.8% |
| Operating profit (loss)9901 | €77,952 | €129,712 | €204,563 | €68,914 | ▼ 66.3% |
| Financial income75/76B | - | - | - | €234,863 | - |
| Recurring financial income75 | €26,024 | €52,000 | €122 | €234,863 | ▲ 192,411% |
| Financial charges65/66B | - | - | - | €2,122 | - |
| Recurring financial charges65 | €8,392 | €6,017 | €5,573 | €2,122 | ▼ 61.9% |
| Profit (loss) for the period before taxes9903 | €95,584 | €175,695 | €199,112 | €301,655 | ▲ 51.5% |
| Transfer from deferred taxes780 | - | - | - | €6,447 | - |
| Income taxes67/77 | €22,974 | €42,390 | €65,914 | €49,923 | ▼ 24.3% |
| Profit (loss) for the period9904 | €73,326 | €134,021 | €133,915 | €258,179 | ▲ 92.8% |
| Transfer from tax-exempt reserves789 | - | - | - | €12,521 | - |
| Profit (loss) for the period to be appropriated9905 | €74,717 | €135,413 | €135,306 | €270,700 | ▲ 100% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €545,356 | €663,659 | €796,009 | €888,142 | ▲ 11.6% |
| Fixed assets21/28 | €387,642 | €367,336 | €326,458 | €2,600 | ▼ 99.2% |
| Tangible fixed assets22/27 | €348,425 | €328,119 | €287,241 | €2,600 | ▼ 99.1% |
| Furniture and vehicles24 | - | - | - | €2,600 | - |
| Financial fixed assets28 | €39,217 | €39,217 | €39,217 | - | - |
| Current assets29/58 | €157,714 | €296,323 | €469,551 | €885,542 | ▲ 88.6% |
| Amounts receivable after more than one year29 | - | - | - | €68,312 | - |
| Other amounts receivable291 | - | - | - | €68,312 | - |
| Amounts receivable within one year40/41 | €68,703 | €100,942 | €19,960 | €318,317 | ▲ 1,495% |
| Trade receivables40 | - | - | - | €35,785 | - |
| Other amounts receivable41 | - | - | - | €282,532 | - |
| Cash at bank and in hand54/58 | €89,011 | €195,381 | €449,591 | €498,052 | ▲ 10.8% |
| Deferred charges and accrued income490/1 | - | - | - | €861 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €545,356 | €663,659 | €796,009 | €888,142 | ▲ 11.6% |
| Equity10/15 | €328,454 | €462,475 | €596,390 | €854,570 | ▲ 43.3% |
| Contributions10/11 | €141,605 | - | - | €141,606 | - |
| Reserves13 | €186,154 | €320,162 | €454,071 | €712,240 | ▲ 56.9% |
| Non-distributable reserves130/1 | - | - | - | €20,100 | - |
| Reserves not available under the articles1311 | - | - | - | €20,100 | - |
| Distributable reserves133 | - | - | - | €692,140 | - |
| Profit (loss) carried forward14 | €695 | €708 | €714 | €724 | ▲ 1.4% |
| Provisions and deferred taxes16 | €7,881 | €7,165 | €6,448 | - | - |
| Amounts payable17/49 | €209,021 | €194,019 | €193,171 | €33,572 | ▼ 82.6% |
| Amounts payable after more than one year17 | €24,028 | €6,789 | - | - | - |
| Amounts payable within one year42/48 | €177,976 | €182,052 | €188,078 | €28,197 | ▼ 85.0% |
| Trade debts44 | €3,983 | €17,018 | €23,401 | €53 | ▼ 99.8% |
| Suppliers440/4 | - | - | - | €53 | - |
| Taxes, remuneration and social security45 | - | - | - | €28,144 | - |
| Taxes450/3 | - | - | - | €28,144 | - |
| Accrued charges and deferred income492/3 | - | - | - | €5,375 | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €73,326 | €134,021 | €133,915 | €258,179 | ▲ 92.8% |
| + Depreciation and write-downs630 | €40,980 | €43,583 | €44,302 | €44,354 | ▲ 0.1% |
| Operating cash flow (approximation) | €114,306 | €177,604 | €178,217 | €302,533 | ▲ 69.8% |
| Investment in fixed assets (approximation) | - | -€23,277 | -€3,424 | €279,504 | ▲ 8,263% |
| Change in cash | - | €106,370 | €254,210 | €48,461 | ▼ 80.9% |
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
2023
09-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2019net €258,179 ▲92.8%
Net result €258,179, the highest in the series.
30-06
Financial
Liquidity times 13current ratio 31.41
Current ratio from 2.50 to 31.41; short-term debt falls from €188,078 to €28,197.
11-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
30-06
Financial
Equity above €500,000Eq €596,390 ▲29%
3 profitable years in a row build equity to €596,390.
2020
17-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
13-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
22-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 19 days late
2016
29-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
08-02
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 8 days late
2015
23-02
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 23 days late
2014
10-02
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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 30-06-2022 list no shareholders, and no other source names one.
Holdings 1
-
13%
According to the annual accounts to 30-06-2022 of T & EX 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.