TRUSSIT
InactiveSignals
Two 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 30-06-2022, 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 · 3 filingsPosition against the passed deadline
30-06-2022 close31-01-2023 deadline01-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-06-2021 was due by 31-01-2022 and was filed on 02-02-2022, 2 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
2 d late
2020
3 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average on the deadline day; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€6,564▼ 27.6%
2020 · €9,068
Total assets
€7,569▼ 79.0%
2020 · €36,005
Net result
-€2,504
2020 · €418
Working capital
€6,564▼ 22.4%
2020 · €8,461
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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201920202021
Operating result€2,943-€494▼ 83.2%-€2,449
Net result€2,450-€418▼ 82.9%-€2,504
Equity€8,650-€9,068▲ 4.8%€6,564▼ 27.6%
Total assets€15,834-€36,005▲ 127%€7,569▼ 79.0%
Debt€7,184-€26,937▲ 275%€1,005▼ 96.3%
Working capital€6,914-€8,461▲ 22.4%€6,564▼ 22.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €2,449 after €494 in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Equity and liabilities €7,569
Equity
€6,564 ▼ 27.6%
Debt
€1,005 ▼ 96.3%
Debt's share of the balance-sheet total falls from 74.8% to 13.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€1,842▼
2020 · €1,623
Cash flow
-€1,897▼
2020 · €1,547
Current ratio
7.53▲
2020 · 1.31
ROE
-38.1%▼
2020 · 4.6%
ROA
-33.1%▼
2020 · 1.2%
Debt ≤ 1 year
€1,005▼
2020 · €26,937
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,651 | €1,129 | €607 | ▼ 46.2% |
| Gross operating margin9900 | €5,438 | €2,169 | -€1,394 | ▼ 164% |
| Operating profit (loss)9901 | €2,943 | €494 | -€2,449 | ▼ 595% |
| Recurring financial charges65 | €30 | €76 | €55 | ▼ 28.2% |
| Profit (loss) for the period before taxes9903 | €2,912 | €418 | -€2,504 | ▼ 699% |
| Income taxes67/77 | €462 | - | - | - |
| Profit (loss) for the period9904 | €2,450 | €418 | -€2,504 | ▼ 699% |
| Profit (loss) for the period to be appropriated9905 | €2,450 | €418 | -€2,504 | ▼ 699% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €15,834 | €36,005 | €7,569 | ▼ 79.0% |
| Fixed assets21/28 | €1,736 | €607 | - | - |
| Tangible fixed assets22/27 | €1,736 | €607 | - | - |
| Current assets29/58 | €14,098 | €35,398 | €7,569 | ▼ 78.6% |
| Amounts receivable within one year40/41 | €303 | €2,339 | €97 | ▼ 95.9% |
| Cash at bank and in hand54/58 | €13,612 | €33,059 | €7,473 | ▼ 77.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €15,834 | €36,005 | €7,569 | ▼ 79.0% |
| Equity10/15 | €8,650 | €9,068 | €6,564 | ▼ 27.6% |
| Contributions10/11 | €6,200 | €6,200 | - | - |
| Reserves13 | €2,450 | €2,550 | €364 | ▼ 85.7% |
| Profit (loss) carried forward14 | - | €318 | - | - |
| Amounts payable17/49 | €7,184 | €26,937 | €1,005 | ▼ 96.3% |
| Amounts payable within one year42/48 | €7,184 | €26,937 | €1,005 | ▼ 96.3% |
| Trade debts44 | €541 | €15,690 | €1,005 | ▼ 93.6% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,450 | €418 | -€2,504 | ▼ 699% |
| + Depreciation and write-downs630 | €1,651 | €1,129 | €607 | ▼ 46.2% |
| Operating cash flow (approximation) | €4,101 | €1,547 | -€1,897 | ▼ 223% |
| Investment in fixed assets (approximation) | - | €0 | - | - |
| Change in cash | - | €19,447 | -€25,586 | ▼ 232% |
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
2022
02-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
30-06
Financial
Weakest financial yearnet -€2,504
Net result drops to -€2,504, the lowest in the series.
30-06
Financial
Liquidity times 6current ratio 7.53
Current ratio from 1.31 to 7.53; short-term debt falls from €26,937 to €1,005.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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 ownerOwners 1
- Sourceaccounts Jorre 202350%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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
No current directors or connected companies found in the register.