UCODES
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
1 signal. The signal on the left, the evidence on the right.
+raises risk
raises risk · Filed more than 90 days late
The financial year that closed on 26-12-2023 was due by 26-07-2024 and was filed on 25-10-2024, 91 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 · 7 filingsDeviation from the deadline
2023
91 d late
2022
31 d late
2021
2 d late
2020
26 d early
2019
18 d early
2018
41 d early
2017
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 5 days after 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)
Financials · fiscal year 2023, abbreviated schema
Turnover
€19,840▼ 89.3%
2022 · €184,858
EBIT margin
1756.8%▲ 1853.0pp
2022 · -96.2%
Net result
€331,125
2022 · -€188,155
Working capital
-€296,099▼ 178%
2021 · -€106,548
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
Line20192020202120222023
Turnover€164,618▼ 2.9%€193,610▲ 17.6%€132,188▼ 31.7%€184,858▲ 39.8%€19,840▼ 89.3%
Operating result-€109,871▼ 207%-€27,350▲ 75.1%-€74,288▼ 172%-€177,861▼ 139%€348,550
Net result-€116,750▼ 194%-€38,858▲ 66.7%-€81,167▼ 109%-€188,155▼ 132%€331,125
EBIT margin-66.7%▼ 45.6pp-14.1%▲ 52.6pp-56.2%▼ 42.1pp-96.2%▼ 40.0pp1756.8%▲ 1853.0pp
Equity-€185,177▼ 171%-€224,035▼ 21.0%-€105,202▲ 53.0%-€293,357▼ 179%€37,769
Total assets€67,533▼ 33.9%€82,285▲ 21.8%€32,203▼ 60.9%€76,931▲ 139%€37,769▼ 50.9%
Debt€252,710▲ 48.2%€306,320▲ 21.2%€137,405▼ 55.1%€370,288▲ 169%
Working capital-€186,666▼ 166%-€224,404▼ 20.2%-€106,548▲ 52.5%-€296,099▼ 178%
Staff (FTE)1▲ 233%1=0.1▼ 90.0%1.7▲ 1,600%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €348,550 after a loss of €177,861 in 2022, the highest result in the available series.
Key figures and ratios
EBITDA
€349,781▲
2022 · -€176,541
Cash flow
€332,357▲
2022 · -€186,835
Solvency
100.0%▲
2022 · -381.3%
ROE
876.7%
ROA
876.7%▲
2022 · -244.6%
Interest coverage
20.07▲
2022 · -17.52
Staff costs
€12,521▼
2022 · €129,445
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €164,618 | €193,610 | €132,188 | €184,858 | €19,840 | ▼ 89.3% |
| Non-recurring operating income76A | - | - | - | - | €374,406 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €196,921 | €232,347 | €30,121 | ▼ 87.0% |
| Remuneration, social security and pensions62 | - | - | €8,567 | €129,445 | €12,521 | ▼ 90.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €816 | €802 | €726 | €1,320 | €1,231 | ▼ 6.7% |
| Other operating charges640/8 | - | - | €1,065 | €821 | €903 | ▲ 10.1% |
| Non-recurring operating charges66A | - | - | - | - | €1,524 | - |
| Gross operating margin9900 | -€39,126 | €40,859 | -€63,930 | -€46,276 | €364,730 | ▲ 888% |
| Operating profit (loss)9901 | -€109,871 | -€27,350 | -€74,288 | -€177,861 | €348,550 | ▲ 296% |
| Financial income75/76B | - | - | €0 | €1 | - | - |
| Recurring financial income75 | - | - | €0 | €1 | - | - |
| Financial charges65/66B | - | - | €6,878 | €10,078 | €17,425 | ▲ 72.9% |
| Recurring financial charges65 | €6,584 | €11,129 | €6,878 | €10,078 | €17,425 | ▲ 72.9% |
| Profit (loss) for the period before taxes9903 | -€116,455 | -€38,479 | -€81,165 | -€187,939 | €331,125 | ▲ 276% |
| Income taxes67/77 | €295 | €380 | €2 | €216 | - | - |
| Profit (loss) for the period9904 | -€116,750 | -€38,858 | -€81,167 | -€188,155 | €331,125 | ▲ 276% |
| Profit (loss) for the period to be appropriated9905 | -€116,750 | -€38,858 | -€81,167 | -€188,155 | €331,125 | ▲ 276% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €67,533 | €82,285 | €32,203 | €76,931 | €37,769 | ▼ 50.9% |
| Fixed assets21/28 | €1,489 | €368 | €1,346 | €2,755 | - | - |
| Tangible fixed assets22/27 | €1,489 | €368 | €1,346 | €2,755 | - | - |
| Plant, machinery and equipment23 | - | - | €1,346 | €2,755 | - | - |
| Current assets29/58 | €66,044 | €81,916 | €30,857 | €74,176 | €37,769 | ▼ 49.1% |
| Amounts receivable within one year40/41 | €55,292 | €71,060 | €20,366 | €66,039 | €36,397 | ▼ 44.9% |
| Trade receivables40 | - | - | €6,292 | €38,215 | €243 | ▼ 99.4% |
| Other amounts receivable41 | - | - | €14,074 | €27,824 | €36,154 | ▲ 29.9% |
| Cash at bank and in hand54/58 | €10,058 | €10,141 | €10,101 | €5,734 | €1,372 | ▼ 76.1% |
| Deferred charges and accrued income490/1 | - | - | €390 | €2,404 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €67,533 | €82,285 | €32,203 | €76,931 | €37,769 | ▼ 50.9% |
| Equity10/15 | -€185,177 | -€224,035 | -€105,202 | -€293,357 | €37,769 | ▲ 113% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | €62,000 | €62,000 | €62,000 | = |
| Profit (loss) carried forward14 | -€247,177 | -€286,035 | -€167,202 | -€355,357 | -€24,231 | ▲ 93.2% |
| Amounts payable17/49 | €252,710 | €306,320 | €137,405 | €370,288 | - | - |
| Amounts payable within one year42/48 | €252,710 | €306,320 | €137,405 | €370,276 | - | - |
| Trade debts44 | €40,002 | €33,028 | €32,833 | €36,980 | - | - |
| Suppliers440/4 | - | - | €32,833 | €36,980 | - | - |
| Taxes, remuneration and social security45 | - | - | €352 | €20,200 | - | - |
| Taxes450/3 | - | - | €352 | €2,305 | - | - |
| Remuneration and social security454/9 | - | - | - | €17,895 | - | - |
| Other amounts payable47/48 | - | - | €104,220 | €313,095 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €13 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€116,750 | -€38,858 | -€81,167 | -€188,155 | €331,125 | ▲ 276% |
| + Depreciation and write-downs630 | €816 | €802 | €726 | €1,320 | €1,231 | ▼ 6.7% |
| Operating cash flow (approximation) | -€115,934 | -€38,056 | -€80,440 | -€186,835 | €332,357 | ▲ 278% |
| Investment in fixed assets (approximation) | - | €319 | -€1,704 | -€2,729 | - | - |
| Change in cash | - | €83 | -€41 | -€4,367 | -€4,362 | ▲ 0.1% |
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
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 91 days late
2023
26-12
Financial
Back to profitnet €331,125
Net result €331,125 after 5 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet -€188,155
Net result drops to -€188,155, the lowest in the series.
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 2 days late
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
Owners 0
No owner stated in the accounts, acts or LEI register we read.
Stated earlier (1)
An older source named these owners; newer accounts no longer list them.
-
100%
Holdings 0
The accounts to 26-12-2023 list no holdings, and no other source names one.
According to the annual accounts to 26-12-2023 of UCODES 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
No current directors or connected companies found in the register.