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TASK42

Active
Private limited company (pre-2019)founded 201115 yrs activeSchermlaan 117, 1150 Sint-Pieters-Woluwe, BelgiumKBO/BCE: BE 0834.384.397
Summary

For TASK42, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €46,932 and a net result of €5,522. Equity is shrinking by ~14.8% per year across the filed fiscal years. Its solvency ranks better than 9% of 7308 sector peers (fiscal year 2022). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (low).

Checked score

No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability39▼-24
Solvency29▼-13
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2022
Solvency, return and age of the figures
Solvency
3.9%
Return on assets
0.5%
Age of the figures
45 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 15 years 0 20 y
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 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 filings
Position against the passed deadline
31-12-2023 close31-07-2024 deadline28-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 28-12-2023, 150 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
150 d late
2021
148 d late
2020
31 d late
2019
92 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 105 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

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

History

TASK42 was incorporated on 9 March 2011.1 Total assets rose from EUR 137,521 in 2018 to EUR 1.2 million in 2022.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2022

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Financials · fiscal year 2022, abbreviated schema

Equity
€46,932▼ 53.7%
2021 · €101,278
Total assets
€1.2m▲ 99.5%
2021 · €602,271
Net result
€5,522▼ 90.9%
2021 · €60,882
Working capital
€47,068▼ 53.6%
2021 · €101,474
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20182019202020212022
Operating result-€4,839--€6,485▼ 34.0%-€8,031▼ 23.8%€78,713€3,381▼ 95.7%
Net result€2,253-€3,335▲ 48.0%-€4,059below the sector's middle half€60,882within the sector's middle half€5,522within the sector's middle half▼ 90.9%
Equity€132,995-€136,330▲ 2.5%€132,270within the sector's middle half▼ 3.0%€101,278within the sector's middle half▼ 23.4%€46,932below the sector's middle half▼ 53.7%
Total assets€137,521-€142,527▲ 3.6%€136,821below the sector's middle half▼ 4.0%€602,271within the sector's middle half▲ 340%€1.2mwithin the sector's middle half▲ 99.5%
Debt€4,526-€6,197▲ 36.9%€4,551▼ 26.6%€500,993▲ 10,909%€1.2m▲ 130%
Working capital€131,300-€135,623▲ 3.3%€132,027within the sector's middle half▼ 2.7%€101,474within the sector's middle half▼ 23.1%€47,068within the sector's middle half▼ 53.6%
Solvency96.7%-95.7%▼ 1.1pp96.7%above the sector's middle half▲ 1.0pp16.8%below the sector's middle half▼ 79.9pp3.9%below the sector's middle half▼ 12.9pp
Current ratio39.10-29.16▼ 9.9439.88above the sector's middle half▲ 10.721.20within the sector's middle half▼ 38.681.04within the sector's middle half▼ 0.16
Return on assets (ROA)1.6%-2.3%▲ 0.7pp-3.0%below the sector's middle half▼ 5.3pp10.1%within the sector's middle half▲ 13.1pp0.5%within the sector's middle half▼ 9.6pp
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€25,000€0€25,000€50,000€75,000Operating result 2018: -€4,839-€4,839Net result 2018: €2,253€2,253Operating result 2019: -€6,485-€6,485Net result 2019: €3,335€3,335Operating result 2020: -€8,031-€8,031Net result 2020: -€4,059-€4,059Operating result 2021: €78,713€78,713Net result 2021: €60,882€60,882Operating result 2022: €3,381€3,381Net result 2022: €5,522€5,52220182019202020212022-€25,000€0€25,000€50,000€75,000Operating result 2020: -€8,031-€8,030Net result 2020: -€4,059-€4,060Operating result 2021: €78,713€78,700Net result 2021: €60,882€60,900Operating result 2022: €3,381€3,380Net result 2022: €5,522€5,520202020212022
The operating result falls in 2022; 2022 is 96% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €1.2m
Fixed assets €23 =
Current assets €1.2m ▲ 99.5%
Equity and liabilities €1.2m
Equity €46,932 ▼ 53.7%
Debt €1.2m ▲ 130%
Debt's share of the balance-sheet total rises from 83.2% to 96.1%. Equity is lower and debt is higher.
Key figures and ratios
2022 value · change against 2021
Debt to equity
24.60▲
2021 · 4.95
ROE
11.8%▼
2021 · 60.1%
Debt ≤ 1 year
€1.2m▲
2021 · €500,775
Income taxes
€400▼
2021 · €21,038
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2022 against 2021 · 42 lines
Balance sheet Code20212022
Assets
Total assets20/58€602,271€1.2m▲
Fixed assets21/28€23€23=
Financial fixed assets28€23€23=
Current assets29/58€602,248€1.2m▲
Amounts receivable after more than one year29€39,142€39,089▼
Other amounts receivable291€39,142€39,089▼
Amounts receivable within one year40/41€560,166€1.2m▲
Trade receivables40€559,514€1.1m▲
Other amounts receivable41€651€3,518▲
Cash at bank and in hand54/58€2,941€9,759▲
Equity and liabilities
Total equity and liabilities10/49€602,271€1.2m▲
Equity10/15€101,278€46,932▼
Contributions10/11€39,850€39,850=
Reserves13€61,428€7,082▼
Non-distributable reserves130/1€4,605€4,605=
Reserves not available under the articles1311€4,605€4,605=
Distributable reserves133€56,823€2,477▼
Amounts payable17/49€500,993€1.2m▲
Amounts payable within one year42/48€500,775€1.2m▲
Trade debts44€479,287€1.2m▲
Suppliers440/4€479,287€1.2m▲
Taxes, remuneration and social security45€21,488€545▼
Taxes450/3€21,488€545▼
Accrued charges and deferred income492/3€219€158▼
Income statement Code20212022
Other operating charges640/8€1,012€4,150▲
Gross operating margin9900€79,725€7,531▼
Operating profit (loss)9901€78,713€3,381▼
Financial income75/76B€3,212€3,477▲
Recurring financial income75€3,212€3,477▲
Financial charges65/66B€5€937▲
Recurring financial charges65€5€937▲
Profit (loss) for the period before taxes9903€81,920€5,922▼
Income taxes67/77€21,038€400▼
Profit (loss) for the period9904€60,882€5,522▼
Profit (loss) for the period to be appropriated9905€60,882€5,522▼
Appropriation of the result
Profit (loss) to be appropriated9906€56,823€2,477▼
Profit (loss) brought forward from the previous period14P-€4,059-€3,045▲
Transfer from equity791/2€91,875-
Transfer to equity691/2€56,823€2,477▼
To other reserves6921€56,823€2,477▼
Profit to be distributed694/7€91,875-
Return on contributions (dividend)694€91,875-

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€965€688€688---
Other operating charges640/8---€1,012€4,150▲ 310%
Gross operating margin9900-€3,496-€5,167-€6,541€79,725€7,531▼ 90.6%
Operating profit (loss)9901-€4,839-€6,485-€8,031€78,713€3,381▼ 95.7%
Financial income75/76B---€3,212€3,477▲ 8.3%
Recurring financial income75€8,896€9,200€4,452€3,212€3,477▲ 8.3%
Financial charges65/66B---€5€937▲ 18,636%
Recurring financial charges65€47€186€56€5€937▲ 18,636%
Profit (loss) for the period before taxes9903€4,010€2,529-€3,634€81,920€5,922▼ 92.8%
Income taxes67/77€1,758-€805€425€21,038€400▼ 98.1%
Profit (loss) for the period9904€2,253€3,335-€4,059€60,882€5,522▼ 90.9%
Profit (loss) for the period to be appropriated9905€2,253€3,335-€4,059€60,882€5,522▼ 90.9%
Line20182019202020212022Change
Assets
Total assets20/58€137,521€142,527€136,821€602,271€1.2m▲ 99.5%
Fixed assets21/28€2,775€2,087€1,399€23€23=
Tangible fixed assets22/27€2,753€2,065€1,376---
Financial fixed assets28€23€23€23€23€23=
Current assets29/58€134,746€140,439€135,422€602,248€1.2m▲ 99.5%
Amounts receivable after more than one year29---€39,142€39,089▼ 0.1%
Other amounts receivable291---€39,142€39,089▼ 0.1%
Amounts receivable within one year40/41€113,560€121,172-€560,166€1.2m▲ 106%
Trade receivables40---€559,514€1.1m▲ 105%
Other amounts receivable41---€651€3,518▲ 440%
Cash at bank and in hand54/58€20,811€19,267€19,274€2,941€9,759▲ 232%
Equity and liabilities
Total equity and liabilities10/49€137,521€142,527€136,821€602,271€1.2m▲ 99.5%
Equity10/15€132,995€136,330€132,270€101,278€46,932▼ 53.7%
Contributions10/11€39,850€39,850-€39,850€39,850=
Reserves13€93,145€96,480€96,480€61,428€7,082▼ 88.5%
Non-distributable reserves130/1---€4,605€4,605=
Reserves not available under the articles1311---€4,605€4,605=
Distributable reserves133---€56,823€2,477▼ 95.6%
Profit (loss) carried forward14---€4,059---
Amounts payable17/49€4,526€6,197€4,551€500,993€1.2m▲ 130%
Amounts payable within one year42/48€3,446€4,816€3,396€500,775€1.2m▲ 130%
Trade debts44€1,676€3,981€2,530€479,287€1.2m▲ 141%
Suppliers440/4---€479,287€1.2m▲ 141%
Taxes, remuneration and social security45---€21,488€545▼ 97.5%
Taxes450/3---€21,488€545▼ 97.5%
Accrued charges and deferred income492/3---€219€158▼ 27.8%
Line20182019202020212022Change
Profit (loss) for the period9904€2,253€3,335-€4,059€60,882€5,522▼ 90.9%
+ Depreciation and write-downs630€965€688€688---
Operating cash flow (approximation)€3,217€4,023-€3,371€60,882€5,522▼ 90.9%
Investment in fixed assets (approximation)-€0€0€1,376€0▼ 100%
Change in cash--€1,544€7-€16,334€6,818▲ 142%

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

2023
28-12
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 150 days late
2022
26-12
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 148 days late
2021
31-12
Financial Back to profitnet €60,882
Net result €60,882 after one loss-making year.
31-08
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial Weakest financial yearnet -€4,059
Net result drops to -€4,059, the lowest in the series; recovery starts the following year.
31-10
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 92 days late
2019
30-08
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
30-08
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
31-08
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
29-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
2015
30-08
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema · 30 days late
2014
28-08
NBB filing Annual accounts filed
fiscal year 2013 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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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Directors · office · real estate

Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Pieters-Woluwe · 1 establishment unit since 2011
seat establishment The establishment unit on the map
Ground area
388 m²
Building footprint
85 m²
Volume, LiDAR
582 m³
Parcel 21683D0242/00F003, Brussels · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Schermlaan 117, 1150 Sint-Pieters-Woluwe
Computing infrastructure, data processing, hosting and other information service activities
since 20112.197.397.121
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21683D0242/00F003 Brussels 388 m² 1 · 84 m² 9.2 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 82,642 companies in sector 70200 we hold annual accounts for 52,629. 37,834 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded09-03-2011
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
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