TASO
InactiveNo longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Three 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 · 4 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline23-09-2026 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 25-07-2022, 6 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
6 d early
2020
25 d early
2019
24 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Equity
€84k▼ 81.6%
2020 · €454k
2018: €111k
2019: €262k
2020: €454k
2018 → 2021
Total assets
€571k▲ 5.1%
2020 · €543k
2018: €132k
2019: €338k
2020: €543k
2018 → 2021
Net result
€63k▼ 67.0%
2020 · €192k
2018: €92k
2019: €152k
2020: €192k
2018 → 2021
Working capital
€81k▼ 81.1%
2020 · €429k
2018: €102k
2019: €233k
2020: €429k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€111k-€262k▲ 137%€454k▲ 73.0%€84k▼ 81.6%
Operating result€119k-€205k▲ 72.1%€251k▲ 22.4%€89k▼ 64.6%
Net result€92k-€152k▲ 64.7%€192k▲ 26.3%€63k▼ 67.0%
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 2021; 2021 is 65% below 2020 and is the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €571k
Fixed assets
€2k▼ 91.1%
Current assets
€569k▲ 9.7%
Equity and liabilities €571k
Equity
€84k▼ 81.6%
Debt
€487k▲ 446%
The debt ratio rises from 16.4% to 85.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€90k▼
2020 · €259k
Cash flow
€64k▼
2020 · €200k
Solvency
14.7%▼
2020 · 83.6%
Current ratio
1.17▼
2020 · 5.81
Quick ratio
1.17▼
2020 · 5.81
Debt / equity
5.82
ROE
75.6%▲
2020 · 42.2%
ROA
11.1%▼
2020 · 35.3%
Interest coverage
110.49
Debt
€487k▲
2020 · €89k
Debt ≤ 1 year
€487k▲
2020 · €89k
Income taxes
€25k▼
2020 · €59k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€543k€571k▲
Formation expenses20€479€239▼
Fixed assets21/28€24k€2k▼
Tangible fixed assets22/27€24k€2k▼
Furniture and vehicles24-€2k
Current assets29/58€519k€569k▲
Amounts receivable within one year40/41€31k€39k▲
Trade receivables40-€24k
Other amounts receivable41-€15k
Cash at bank and in hand54/58€487k€530k▲
Equity and liabilities
Total equity and liabilities10/49€543k€571k▲
Equity10/15€454k€84k▼
Contributions10/11-€19k
Reserves13€2k€65k▲
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Distributable reserves133-€63k
Profit (loss) carried forward14€434k-
Amounts payable17/49€89k€487k▲
Amounts payable within one year42/48€89k€487k▲
Trade debts44€34k€43k▲
Suppliers440/4-€43k
Taxes, remuneration and social security45-€67k
Taxes450/3-€67k
Other amounts payable47/48-€377k
Income statement
Code20202021
Non-recurring operating income76A-€660
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€1k▼
Other operating charges640/8-€300
Gross operating margin9900€260k€90k▼
Operating profit (loss)9901€251k€89k▼
Financial income75/76B-€0
Recurring financial income75€0€0▼
Financial charges65/66B-€816
Recurring financial charges65€161€816▲
Profit (loss) for the period before taxes9903€251k€88k▼
Income taxes67/77€59k€25k▼
Profit (loss) for the period9904€192k€63k▼
Profit (loss) for the period to be appropriated9905€192k€63k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€497k
Profit (loss) brought forward from the previous period14P-€434k
Transfer to equity691/2-€63k
To other reserves6921-€63k
Profit to be distributed694/7-€434k
Return on contributions (dividend)694-€434k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €63k ▼67%
Net result drops to €63k, the lowest in the series.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
10-03
State Gazette act
Board meeting · Registered-office move
Director resignation · Director appointment
2020
31-12
Financial
Highest result since 2018net €192k ▲26.3%
Operating result €251k, net result €192k, both a record.
09-10
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
31-12
Financial
Equity above €200kEq €262k ▲137%
2 profitable years in a row build equity to €262k.
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Structure & network
Ownership & control
1 partyTASOBE 0692.999.870
controls
Where this company holds controlthis company sits on their board1
1 subsidiary · 1 location