THEHIRA
InactiveSignals
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 31-03-2022, 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 · 2 filingsPosition against the passed deadline
31-03-2022 close31-10-2022 deadline01-10-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-03-2021 was due by 31-10-2021 and was filed on 06-09-2022, 310 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 · 2 filingsDeviation from the deadline
2021
310 d late
2019
764 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 537 days after the deadline; the Belgian median for financial year 2021 is 3 days before the deadline, and 44% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, micro schema
Equity
€41,965▲ 125%
2019 · €18,616
Total assets
€191,549▲ 412%
2019 · €37,406
Net result
€13,327▲ 116%
2019 · €6,166
Working capital
€43,112▲ 32.4%
2019 · €32,566
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Available amounts per fiscal year
Line20192021
Operating result€10,799-€19,811-
Net result€6,166-€13,327-
Equity€18,616-€41,965-
Total assets€37,406-€191,549-
Debt€18,790-€149,583-
Working capital€32,566-€43,112-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €19,811 in 2021, compared with €10,799 in 2019. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2021 in colour, 2019 as the grey bar beneath
Assets €191,549
Fixed assets
€9,407 ▲ 18,713%
Current assets
€182,142 ▲ 388%
Equity and liabilities €191,549
Equity
€41,965 ▲ 125%
Debt
€149,583 ▲ 696%
Debt's share of the balance-sheet total rises from 50.2% to 78.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€20,541▲
2019 · €11,970
Cash flow
€14,057▲
2019 · €7,337
Current ratio
1.31▼
2019 · 7.80
Debt to equity
3.56
ROE
31.8%▼
2019 · 33.1%
ROA
7.0%▼
2019 · 16.5%
Interest coverage
4.90
Debt ≤ 1 year
€139,030▲
2019 · €4,790
Income taxes
€4,313▼
2019 · €4,444
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2021 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,171 | €731 | - |
| Other operating charges640/8 | - | €973 | - |
| Gross operating margin9900 | €14,401 | €21,514 | - |
| Operating profit (loss)9901 | €10,799 | €19,811 | - |
| Financial income75/76B | - | €2,021 | - |
| Recurring financial income75 | - | €2,021 | - |
| Financial charges65/66B | - | €4,193 | - |
| Recurring financial charges65 | €189 | €4,193 | - |
| Profit (loss) for the period before taxes9903 | €10,610 | €17,639 | - |
| Income taxes67/77 | €4,444 | €4,313 | - |
| Profit (loss) for the period9904 | €6,166 | €13,327 | - |
| Profit (loss) for the period to be appropriated9905 | €6,166 | €13,327 | - |
| Line | 2019 | 2021 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €37,406 | €191,549 | - |
| Fixed assets21/28 | €50 | €9,407 | - |
| Tangible fixed assets22/27 | - | €9,357 | - |
| Plant, machinery and equipment23 | - | €7,329 | - |
| Furniture and vehicles24 | - | €2,027 | - |
| Financial fixed assets28 | €50 | €50 | - |
| Current assets29/58 | €37,356 | €182,142 | - |
| Amounts receivable within one year40/41 | €32,494 | €181,516 | - |
| Trade receivables40 | - | €164,226 | - |
| Other amounts receivable41 | - | €17,290 | - |
| Cash at bank and in hand54/58 | €4,862 | €626 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €37,406 | €191,549 | - |
| Equity10/15 | €18,616 | €41,965 | - |
| Contributions10/11 | €12,450 | €12,450 | - |
| Reserves13 | €1,860 | €1,860 | - |
| Non-distributable reserves130/1 | - | €1,860 | - |
| Reserves not available under the articles1311 | - | €1,860 | - |
| Profit (loss) carried forward14 | €4,306 | €27,655 | - |
| Amounts payable17/49 | €18,790 | €149,583 | - |
| Amounts payable within one year42/48 | €4,790 | €139,030 | - |
| Trade debts44 | €346 | €104,971 | - |
| Suppliers440/4 | - | €104,971 | - |
| Advances received on contracts in progress46 | - | €3,484 | - |
| Taxes, remuneration and social security45 | - | €30,574 | - |
| Taxes450/3 | - | €26,104 | - |
| Remuneration and social security454/9 | - | €4,470 | - |
| Accrued charges and deferred income492/3 | - | €10,554 | - |
| Line | 2019 | 2021 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €6,166 | €13,327 | - |
| + Depreciation and write-downs630 | €1,171 | €731 | - |
| Operating cash flow (approximation) | €7,337 | €14,057 | - |
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
2026
19-01
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Gent · event 13-01-2026
2022
31-10
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 25-10-2022
06-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 310 days late
2021
03-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 764 days late
SignalNBB filing
0 of 5 acts read
About the unread acts
We know of 5 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
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | DIDIER BEKAERT Geraardsbergsesteenweg 167, 9090 Melle |
25-10-2022 → 13-01-2026 |