TRADE SYSTEMS
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 16-05-2024, 76 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2023
76 d early
2023
5 d early
2022
57 d early
2021
28 d early
2020
19 d early
2019
50 d early
2018
10 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 35 days before the deadline; the Belgian median for financial year 2023 is 3 days before the deadline, and 40% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, full schema
Turnover
€1.1m▼ 50.0%
2023 · €2.2m
EBIT margin
17.5%▼ 8.6pp
2023 · 26.0%
Net result
€137,438▼ 79.0%
2023 · €654,715
Working capital
-€153,525▲ 49.8%
2023 · -€305,730
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
Line20202021202220232023
Turnover€1.6m▼ 7.9%€2.1m▲ 29.9%€1.9m▼ 9.5%€2.2m▲ 16.9%€1.1m-
Operating result€222,570▼ 30.0%€588,831▲ 165%€333,643▼ 43.3%€580,527▲ 74.0%€194,834-
Net result€138,753▼ 32.7%€417,740▲ 201%€231,093▼ 44.7%€654,715▲ 183%€137,438-
EBIT margin13.7%▼ 4.3pp27.9%▲ 14.2pp17.5%▼ 10.4pp26.0%▲ 8.5pp17.5%-
Equity€1.9m▲ 7.8%€2.3m▲ 21.8%€2.6m▲ 9.9%€821,031▼ 68.0%€958,469-
Total assets€2.5m▲ 6.0%€3.0m▲ 21.6%€3.0m▲ 1.5%€1.8m▼ 39.1%€2.0m-
Debt€544,167=€656,944▲ 20.7%€469,469▼ 28.5%€1.0m▲ 119%€1.0m-
Working capital€1.1m▲ 13.5%€1.5m▲ 38.3%€1.5m▼ 1.5%-€305,730-€153,525-
Staff (FTE)14.6▼ 2.7%13.6▼ 6.8%14.4▲ 5.9%14.9▲ 3.5%17.1-
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2023 in colour, 2023 as the grey bar beneath
Assets €2.0m
Fixed assets
€1.1m ▼ 2.4%
Current assets
€824,505 ▲ 21.7%
Equity and liabilities €2.0m
Equity
€958,469 ▲ 16.7%
Debt
€1.0m ▼ 1.7%
Debt's share of the balance-sheet total falls from 55.6% to 51.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€225,357▼
2023 · €644,897
Cash flow
€167,961▼
2023 · €719,085
Current ratio
0.84▲
2023 · 0.69
Debt to equity
1.05▼
2023 · 1.25
ROE
14.3%▼
2023 · 79.7%
ROA
7.0%▼
2023 · 35.4%
Interest coverage
83.62▼
2023 · 118.33
Debt ≤ 1 year
€978,031▼
2023 · €983,011
Debt > 1 year
€31,964▼
2023 · €44,843
Income taxes
€54,947▼
2023 · €242,483
Staff costs
€695,146▼
2023 · €1.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2023 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €1.9m | €2.2m | €1.1m | - |
| Turnover70 | €1.6m | €2.1m | €1.9m | €2.2m | €1.1m | - |
| Other operating income74 | - | - | €31,668 | €17,238 | €6,536 | - |
| Non-recurring operating income76A | - | - | €0 | - | - | - |
| Operating charges60/66A | - | - | €1.6m | €1.7m | €928,061 | - |
| Services and other goods61 | - | - | €480,909 | €423,074 | €198,047 | - |
| Remuneration, social security and pensions62 | - | - | €1.1m | €1.2m | €695,146 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €43,114 | €54,113 | €62,896 | €64,371 | €30,523 | - |
| Other operating charges640/8 | - | - | €10,225 | €9,306 | €4,344 | - |
| Operating profit (loss)9901 | €222,570 | €588,831 | €333,643 | €580,527 | €194,834 | - |
| Financial income75/76B | - | - | €263 | €322,858 | €570 | - |
| Recurring financial income75 | €1,225 | €1,270 | €263 | €0 | €570 | - |
| Income from current assets751 | - | - | €220 | €0 | €570 | - |
| Other financial income752/9 | - | - | €43 | €0 | - | - |
| Non-recurring financial income76B | - | - | - | €322,858 | €0 | - |
| Financial charges65/66B | - | - | €8,028 | €6,188 | €3,019 | - |
| Recurring financial charges65 | €9,372 | €10,971 | €8,028 | €6,188 | €3,019 | - |
| Debt charges650 | €8,916 | €9,370 | €7,228 | €5,450 | €2,695 | - |
| Other financial charges652/9 | - | - | €801 | €738 | €324 | - |
| Profit (loss) for the period before taxes9903 | €214,422 | €579,130 | €325,878 | €897,197 | €192,384 | - |
| Income taxes67/77 | €75,669 | €161,390 | €94,785 | €242,483 | €54,947 | - |
| Taxes670/3 | - | - | €94,785 | €242,483 | €54,947 | - |
| Profit (loss) for the period9904 | €138,753 | €417,740 | €231,093 | €654,715 | €137,438 | - |
| Profit (loss) for the period to be appropriated9905 | €138,753 | €417,740 | €231,093 | €654,715 | €137,438 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.5m | €3.0m | €3.0m | €1.8m | €2.0m | - |
| Fixed assets21/28 | €1.0m | €1.0m | €1.1m | €1.2m | €1.1m | - |
| Tangible fixed assets22/27 | €110,818 | €110,773 | €232,659 | €261,687 | €234,041 | - |
| Plant, machinery and equipment23 | - | - | €182 | €75 | €22 | - |
| Furniture and vehicles24 | - | - | €5,138 | €11,263 | €11,280 | - |
| Leasing and similar rights25 | - | - | €52,126 | €56,264 | €39,889 | - |
| Other tangible fixed assets26 | - | - | €175,214 | €194,084 | €182,851 | - |
| Financial fixed assets28 | €895,417 | €895,417 | €895,417 | €909,917 | €909,917 | - |
| Affiliated companies280/1 | - | - | €895,417 | €909,917 | €909,917 | - |
| Participating interests280 | - | - | €895,417 | €909,917 | €909,917 | - |
| Current assets29/58 | €1.5m | €2.0m | €1.9m | €677,281 | €824,505 | - |
| Stocks and contracts in progress3 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €334,472 | €215,641 | €364,633 | €270,003 | €223,586 | - |
| Trade receivables40 | - | - | €264,633 | €269,997 | €223,586 | - |
| Other amounts receivable41 | - | - | €100,000 | €6 | €0 | - |
| Cash at bank and in hand54/58 | €1.1m | €1.8m | €1.5m | €401,943 | €592,383 | - |
| Deferred charges and accrued income490/1 | - | - | €6,084 | €5,336 | €8,536 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.5m | €3.0m | €3.0m | €1.8m | €2.0m | - |
| Equity10/15 | €1.9m | €2.3m | €2.6m | €821,031 | €958,469 | - |
| Contributions10/11 | €74,951 | €74,951 | €74,951 | €74,951 | €74,951 | - |
| Capital10 | - | - | €74,951 | €74,951 | €74,951 | - |
| Issued capital100 | - | - | €74,951 | €74,951 | €74,951 | - |
| Reserves13 | €1.8m | €2.3m | €2.5m | €746,080 | €883,518 | - |
| Non-distributable reserves130/1 | - | - | €7,495 | €7,495 | €7,495 | - |
| Legal reserve130 | - | - | €7,495 | €7,495 | €7,495 | - |
| Tax-exempt reserves132 | - | - | €56,250 | €56,250 | €56,250 | - |
| Distributable reserves133 | - | - | €2.4m | €682,335 | €819,772 | - |
| Amounts payable17/49 | €544,167 | €656,944 | €469,469 | €1.0m | €1.0m | - |
| Amounts payable after more than one year17 | €170,710 | €169,644 | €40,555 | €44,843 | €31,964 | - |
| Financial debts170/4 | - | - | €40,555 | €44,843 | €31,964 | - |
| Subordinated loans170 | - | - | €0 | - | - | - |
| Leasing and similar obligations172 | - | - | €40,555 | €44,843 | €31,964 | - |
| Amounts payable within one year42/48 | €367,748 | €482,077 | €426,182 | €983,011 | €978,031 | - |
| Current portion of amounts payable after more than one year42 | - | - | €30,642 | €32,573 | €26,816 | - |
| Trade debts44 | €36,452 | €71,939 | €130,753 | €31,296 | €24,546 | - |
| Suppliers440/4 | - | - | €130,753 | €31,296 | €24,546 | - |
| Taxes, remuneration and social security45 | - | - | €160,672 | €335,449 | €341,277 | - |
| Taxes450/3 | - | - | €37,690 | €181,562 | €178,343 | - |
| Remuneration and social security454/9 | - | - | €122,982 | €153,887 | €162,934 | - |
| Other amounts payable47/48 | - | - | €104,116 | €583,693 | €585,391 | - |
| Accrued charges and deferred income492/3 | - | - | €2,732 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €138,753 | €417,740 | €231,093 | €654,715 | €137,438 | - |
| + Depreciation and write-downs630 | €43,114 | €54,113 | €62,896 | €64,371 | €30,523 | - |
| Operating cash flow (approximation) | €181,867 | €471,853 | €293,989 | €719,085 | €167,961 | - |
| Investment in fixed assets (approximation) | - | -€54,068 | -€184,783 | -€107,898 | - | - |
| Change in cash | - | €648,802 | -€229,371 | -€1.1m | - | - |
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
2024
02-08
State Gazette act
General meeting · Merger
Net-asset statement · Accounting effect · Yorik DESMYTTERE
16-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
19-04
State Gazette act
Board meeting · Merger
Capital · Net-asset statement
26-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €137,438 ▼79%
Net result drops to €137,438, the lowest in the series.
30-06
Financial
Highest result since 2019net €654,715 ▲183%
Net result €654,715, the highest in the series.
2022
05-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
14-07
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
03-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-06
Financial
Equity above €2mEq €2.3m ▲21.8%
3 profitable years in a row build equity to €2.3m.
12-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
12-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
21-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
10-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
07-12
State Gazette act
General meeting · Director resignation
Director appointment · Mandate compensation
10-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
19-01
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2012
20-12
State Gazette act
General meeting · Director reappointment
Permanent representative · Board meeting
2010
23-08
State Gazette act
Incorporation · Founding capital
Corporate purpose · First fiscal year
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 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 owner · 1 holdingOwners 1
-
0.83%
Holdings 1
-
100%
Stated earlier (1)
An older source named these holdings; newer accounts no longer list them.
- Sourceact 23-08-20101 shares
According to the 2023 annual accounts of TRADE SYSTEMS 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
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
2 locations
Acquisitions and mergers
1 transactionTaken over by:VREBOS - STAS