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ActiveFinancials · financial year 2021, micro format
2022 annual accounts not yet filed, deadline passed on 31 July 2023 The financial year closed on 31 December 2022. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 4 financial years without a filing since the last one filed. Source: NBB filings, as of 3 November 2026.
Annual accounts 2021 filed on 30-01-2023 PDF all 9 filings
Turnover
€1.1m
EBIT margin
33.0%
Net result
€328,870
2020 · -€231,797
Working capital
€79,834▲ 180%
2020 · €28,511
Multi-year overview
2018 to 2021, 4 financial yearsTurnover
€1.1m
2021
20182021
Operating result
€348,646
▲ 119%
2021
20182021
Net result
€328,870
2021
highest quarter of the sector
20182021
EBIT margin
33.0%
2021
20182021
Equity
€69,055
2021
middle half of the sector
20182021
Total assets
€737,184
▲ 14.4%
2021
highest quarter of the sector
20182021
Debt
€668,129
▼ 26.1%
2021
20182021
Working capital
€79,834
▲ 180%
2021
middle half of the sector
20182021
Solvency
9.4%
▲ 49.7pp
2021
lowest quarter of the sector
20182021
Current ratio
1.17
▲ 0.11
2021
lowest quarter of the sector
20182021
Return on assets (ROA)
44.6%
▲ 80.6pp
2021
highest quarter of the sector
20182021
Staff (FTE)
no figure
2021
20182021
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Turnover€1.1m
Operating result€0.05m--€0.03m€0.2m€0.3m▲ 119%
Net result€0.01m--€0.06m-€0.2mbelow the sector's middle half▼ 272%€0.3mabove the sector's middle half
EBIT margin33.0%
Equity€0.04m--€0.03m-€0.3mbelow the sector's middle half▼ 895%€0.07mwithin the sector's middle half
Total assets€1.1m-€1.0m▼ 9.6%€0.6mabove the sector's middle half▼ 32.4%€0.7mabove the sector's middle half▲ 14.4%
Debt€1.0m-€1.0m▼ 3.6%€0.9m▼ 7.7%€0.7m▼ 26.1%
Working capital€0.1m-€0.06m▼ 42.2%€0.03mwithin the sector's middle half▼ 55.6%€0.08mwithin the sector's middle half▲ 180%
Solvency3.6%--2.7%▼ 6.4pp-40.3%below the sector's middle half▼ 37.6pp9.4%below the sector's middle half▲ 49.7pp
Current ratio1.32-1.14▼ 0.171.07below the sector's middle half▼ 0.081.17below the sector's middle half▲ 0.11
Return on assets (ROA)1.4%--6.5%▼ 8.0pp-36.0%below the sector's middle half▼ 29.4pp44.6%above the sector's middle half▲ 80.6pp
Staff (FTE)0.6-1▲ 66.7%1within the sector's middle half=
above
within
below
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2021 is 119% higher than in 2020 and the highest since 2018. It is the second rise in a row, after the fall in 2019.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €737,184
Fixed assets
€189,900 ▲ 5.3%
Current assets
€547,284 ▲ 18.0%
Equity and liabilities €737,184
Equity
€69,055
Debt
€668,129
Debt's share of the balance-sheet total is 90.6%.
Key figures and ratios
EBITDA
€642,289▲
2020 · €166,957
Cash flow
€622,514▲
2020 · -€223,730
Quick ratio
0.66▲
2020 · 0.52
Debt to equity
9.68
ROE
476.2%
Interest coverage
29.96
Debt ≤ 1 year
€467,450▲
2020 · €435,484
Debt > 1 year
€195,656▼
2020 · €463,637
Income taxes
-€1,665▼
2020 · €229
Customer credit
67 days
Supplier credit
170 days
Staff costs
€45,342
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 |
|---|---|
| Tangible fixed assets | €269,110 |
| Financial fixed assets | €34,100 |
| Depreciation and write-downs of the year | €293,643 |
Source: notes to the 2021 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | - | - | €1.1m | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €0.3m | - |
| Remuneration, social security and pensions62 | - | - | - | €0.05m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.08m | €0.04m | €0.008m | €0.3m | ▲ 36× |
| Other operating charges640/8 | - | - | - | €0.04m | - |
| Gross operating margin9900 | €0.2m | €0.03m | €0.2m | €0.7m | ▲ 264% |
| Operating profit (loss)9901 | €0.05m | -€0.03m | €0.2m | €0.3m | ▲ 119% |
| Financial income75/76B | - | - | - | €0 | - |
| Recurring financial income75 | €0.002m | €0.002m | €0.003m | €0 | ▼ 100.0% |
| Financial charges65/66B | - | - | - | €0.02m | - |
| Recurring financial charges65 | €0.04m | €0.04m | €0.04m | €0.02m | ▼ 40.0% |
| Profit (loss) for the period before taxes9903 | €0.01m | -€0.06m | -€0.2m | €0.3m | - |
| Income taxes67/77 | €3 | €172 | €229 | -€0.002m | - |
| Profit (loss) for the period9904 | €0.01m | -€0.06m | -€0.2m | €0.3m | - |
| Profit (loss) for the period to be appropriated9905 | €0.01m | -€0.06m | -€0.2m | €0.3m | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.1m | €1.0m | €0.6m | €0.7m | ▲ 14.4% |
| Fixed assets21/28 | €0.6m | €0.4m | €0.2m | €0.2m | ▲ 5.3% |
| Intangible fixed assets21 | - | - | - | €0 | - |
| Tangible fixed assets22/27 | €0.6m | €0.4m | €0.2m | €0.2m | ▼ 14.0% |
| Land and buildings22 | - | - | - | €0.08m | - |
| Plant, machinery and equipment23 | - | - | - | €0.01m | - |
| Furniture and vehicles24 | - | - | - | €0.02m | - |
| Leasing and similar rights25 | - | - | - | €0.04m | - |
| Financial fixed assets28 | €0.005m | €0.005m | €0.005m | €0.04m | ▲ 643% |
| Current assets29/58 | €0.5m | €0.5m | €0.5m | €0.5m | ▲ 18.0% |
| Stocks and contracts in progress3 | €0.1m | €0.2m | €0.2m | €0.2m | = |
| Stocks30/36 | - | - | - | €0.2m | - |
| Amounts receivable within one year40/41 | €0.2m | €0.3m | €0.2m | €0.3m | ▲ 53.3% |
| Trade receivables40 | - | - | - | €0.2m | - |
| Other amounts receivable41 | - | - | - | €0.1m | - |
| Cash at bank and in hand54/58 | €0.2m | €0.001m | €0.02m | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.1m | €1.0m | €0.6m | €0.7m | ▲ 14.4% |
| Equity10/15 | €0.04m | -€0.03m | -€0.3m | €0.07m | - |
| Contributions10/11 | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Capital10 | - | - | - | €0.02m | - |
| Issued capital100 | - | - | - | €0.02m | - |
| Profit (loss) carried forward14 | -€0.01m | -€0.07m | -€0.3m | €0.02m | - |
| Investment grants15 | - | - | - | €0.02m | - |
| Amounts payable17/49 | €1.0m | €1.0m | €0.9m | €0.7m | ▼ 26.1% |
| Amounts payable after more than one year17 | €0.7m | €0.5m | €0.5m | €0.2m | ▼ 57.8% |
| Financial debts170/4 | - | - | - | €0.2m | - |
| Amounts payable within one year42/48 | €0.4m | €0.4m | €0.4m | €0.5m | ▲ 7.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.03m | - |
| Financial debts43 | - | - | - | €0.2m | - |
| Credit institutions430/8 | - | - | - | €0.1m | - |
| Other loans439 | - | - | - | €0.08m | - |
| Trade debts44 | €0.1m | €0.2m | €0.3m | €0.2m | ▼ 40.4% |
| Suppliers440/4 | - | - | - | €0.2m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.04m | - |
| Taxes450/3 | - | - | - | €0.003m | - |
| Remuneration and social security454/9 | - | - | - | €0.04m | - |
| Other amounts payable47/48 | - | - | - | €0.04m | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.005m | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,893 | -€62,372 | -€231,797 | €328,870 | - |
| + Depreciation and write-downs630 | €81,826 | €40,945 | €8,066 | €293,643 | ▲ 36× |
| Operating cash flow (approximation) | €96,719 | -€21,427 | -€223,730 | €622,514 | - |
| Investment in fixed assets (approximation) | - | €110,224 | €251,638 | -€303,210 | - |
| Change in cash | - | -€163,085 | €22,903 | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | micro format | 30-01-2023 | 2023-00015488 | |
| 31-12-2020 | micro format | 08-10-2021 | 2021-71500180 | |
| 31-12-2019 | micro format | 27-11-2020 | 2020-72400296 | |
| 31-12-2018 | micro format | 10-01-2020 | 2020-00800388 | |
| 31-12-2017 | micro format | 27-09-2018 | 2018-65400146 | |
| 31-12-2016 | full format | 26-08-2017 | 2017-48800355 | |
| 31-12-2015 | full format | 03-08-2016 | 2016-39600031 | |
| 31-12-2014 | full format | 31-08-2015 | 2015-52200398 | |
| 31-12-2013 | full format | 09-09-2014 | 2014-58100098 |