UPSIZE
InactiveInactive; last annual accounts for fiscal year 2022.
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 30-06-2022 was due by 31-01-2023 and was filed on 24-05-2023, 113 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 · 10 filingsDeviation from the deadline
2022
113 d late
2021
40 d early
2020
39 d early
2019
37 d early
2018
27 d late
2017
9 d late
2016
39 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, full schema
Turnover
€713k▼ 19.7%
2018 · €888k
2018: €888k
2019: €713k▼ -19.7% vs 2018
2018 → 2019
EBIT margin
14.5%▼ 7.1pp
2018 · 21.6%
2018: 21.6%
2019: 14.5%▼ -32.8% vs 2018
2018 → 2019
Net result
€-99k▲ 64.3%
2021 · €-277k
2018: €62k
2019: €761k▲ +1125% vs 2018highest in 5 years
2020: €-6k▼ -101% vs 2019
2021: €-277k▼ -4868% vs 2020lowest in 5 years
2022: €-99k▲ +64.3% vs 2021
2018 → 2022
Working capital
€-13.35M▼ 0.7%
2021 · €-13.25M
2018: €-599k
2019: €-39k▲ +93.4% vs 2018highest in 5 years
2020: €-12.97M▼ -32734% vs 2019
2021: €-13.25M▼ -2.1% vs 2020
2022: €-13.35M▼ -0.7% vs 2021lowest in 5 years
2018 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€888k-€713k▼ 19.7%
2018: €888k
2019: €713k▼ -19.7% vs 2018
Equity€4.39M-€4.13M▼ 6.1%€4.12M▼ 0.1%€3.84M▼ 6.7%€3.74M▼ 2.6%
2018: €4.39Mhighest in 5 years
2019: €4.13M▼ -6.1% vs 2018
2020: €4.12M▼ -0.1% vs 2019
2021: €3.84M▼ -6.7% vs 2020
2022: €3.74M▼ -2.6% vs 2021lowest in 5 years
Operating result€192k-€104k▼ 46.0%€-5k€-8k▼ 56.7%€-6k▲ 15.6%
2018: €192khighest in 5 years
2019: €104k▼ -46.0% vs 2018
2020: €-5k▼ -105% vs 2019
2021: €-8k▼ -56.7% vs 2020lowest in 5 years
2022: €-6k▲ +15.6% vs 2021
Net result€62k-€761k▲ 1,125%€-6k€-277k▼ 4,868%€-99k▲ 64.3%
2018: €62k
2019: €761k▲ +1125% vs 2018highest in 5 years
2020: €-6k▼ -101% vs 2019
2021: €-277k▼ -4868% vs 2020lowest in 5 years
2022: €-99k▲ +64.3% vs 2021
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6k in 2022 against €8k in 2021; the loss shrinks.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €17.09M
Fixed assets
€17.09M =
Current assets
€3k ▲ 10.9%
Equity and liabilities €17.09M
Equity
€3.74M ▼ 2.6%
Debt
€13.35M ▲ 0.7%
Debt's share of the balance-sheet total rises from 77.5% to 78.1%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
0.00▲
2021 · 0.00
Debt to equity
3.56▲
2021 · 3.45
ROE
-2.6%▲
2021 · -7.2%
ROA
-0.6%▲
2021 · -1.6%
Debt ≤ 1 year
€13.35M▲
2021 · €13.25M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 39 lines
Balance sheet
Code20212022
Assets
Total assets20/58€17.09M€17.09M=
Fixed assets21/28€17.09M€17.09M=
Financial fixed assets28€17.09M€17.09M=
Affiliated companies280/1€17.09M€17.09M=
Participating interests280€17.09M€17.09M=
Current assets29/58€2k€3k▲
Amounts receivable within one year40/41€2k€3k▲
Other amounts receivable41€2k€3k▲
Cash at bank and in hand54/58€90€59▼
Deferred charges and accrued income490/1€112-
Equity and liabilities
Total equity and liabilities10/49€17.09M€17.09M=
Equity10/15€3.84M€3.74M▼
Contributions10/11€3.97M€3.97M=
Capital10€3.97M€3.97M=
Issued capital100€3.97M€3.97M=
Reserves13€600k€600k=
Non-distributable reserves130/1€30k€30k=
Legal reserve130€30k€30k=
Distributable reserves133€570k€570k=
Profit (loss) carried forward14€-728k€-827k▼
Amounts payable17/49€13.25M€13.35M▲
Amounts payable within one year42/48€13.25M€13.35M▲
Financial debts43€13.24M€13.34M▲
Other loans439€13.24M€13.34M▲
Trade debts44€4k€6k▲
Suppliers440/4€4k€6k▲
Income statement
Code20212022
Operating charges60/66A€8k€6k▼
Services and other goods61€7k€6k▼
Other operating charges640/8€992€465▼
Operating profit (loss)9901€-8k€-6k▲
Financial charges65/66B€269k€93k▼
Recurring financial charges65€269k€93k▼
Debt charges650€269k€92k▼
Other financial charges652/9€693€112▼
Profit (loss) for the period before taxes9903€-277k€-99k▲
Profit (loss) for the period9904€-277k€-99k▲
Profit (loss) for the period to be appropriated9905€-277k€-99k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-728k€-827k▼
Profit (loss) brought forward from the previous period14P€-451k€-728k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €888k | €713k | - | - | - | - |
| Operating charges60/66A | - | - | - | €8k | €6k | ▼ 15.6% |
| Services and other goods61 | - | - | - | €7k | €6k | ▼ 10.0% |
| Other operating charges640/8 | - | - | - | €992 | €465 | ▼ 53.1% |
| Operating profit (loss)9901 | €192k | €104k | €-5k | €-8k | €-6k | ▲ 15.6% |
| Recurring financial income75 | - | €587k | €8 | - | - | - |
| Financial charges65/66B | - | - | - | €269k | €93k | ▼ 65.7% |
| Recurring financial charges65 | €101k | €89k | €826 | €269k | €93k | ▼ 65.7% |
| Debt charges650 | €101k | €89k | €279 | €269k | €92k | ▼ 65.6% |
| Other financial charges652/9 | - | - | - | €693 | €112 | ▼ 83.9% |
| Profit (loss) for the period before taxes9903 | €91k | €766k | €-6k | €-277k | €-99k | ▲ 64.3% |
| Income taxes67/77 | €29k | €5k | €-97 | - | - | - |
| Profit (loss) for the period9904 | €62k | €761k | €-6k | €-277k | €-99k | ▲ 64.3% |
| Profit (loss) for the period to be appropriated9905 | €62k | €761k | €-6k | €-277k | €-99k | ▲ 64.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8.07M | €7.09M | €17.09M | €17.09M | €17.09M | = |
| Fixed assets21/28 | €7.94M | €7.09M | €17.09M | €17.09M | €17.09M | = |
| Financial fixed assets28 | €7.94M | €7.09M | €17.09M | €17.09M | €17.09M | = |
| Affiliated companies280/1 | - | - | - | €17.09M | €17.09M | = |
| Participating interests280 | - | - | - | €17.09M | €17.09M | = |
| Current assets29/58 | €121k | €3k | €3k | €2k | €3k | ▲ 10.9% |
| Amounts receivable within one year40/41 | €121k | €3k | €795 | €2k | €3k | ▲ 18.6% |
| Other amounts receivable41 | - | - | - | €2k | €3k | ▲ 18.6% |
| Cash at bank and in hand54/58 | €275 | €198 | €2k | €90 | €59 | ▼ 33.7% |
| Deferred charges and accrued income490/1 | - | - | - | €112 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8.07M | €7.09M | €17.09M | €17.09M | €17.09M | = |
| Equity10/15 | €4.39M | €4.13M | €4.12M | €3.84M | €3.74M | ▼ 2.6% |
| Contributions10/11 | €5.00M | €3.97M | €3.97M | €3.97M | €3.97M | = |
| Capital10 | - | - | - | €3.97M | €3.97M | = |
| Issued capital100 | - | - | - | €3.97M | €3.97M | = |
| Reserves13 | €600k | €600k | €600k | €600k | €600k | = |
| Non-distributable reserves130/1 | - | - | - | €30k | €30k | = |
| Legal reserve130 | - | - | - | €30k | €30k | = |
| Distributable reserves133 | - | - | - | €570k | €570k | = |
| Profit (loss) carried forward14 | €-1.21M | €-446k | €-451k | €-728k | €-827k | ▼ 13.6% |
| Provisions and deferred taxes16 | - | €4k | - | - | - | - |
| Amounts payable17/49 | €3.67M | €2.96M | €12.97M | €13.25M | €13.35M | ▲ 0.7% |
| Amounts payable after more than one year17 | €2.95M | €2.92M | - | - | - | - |
| Amounts payable within one year42/48 | €720k | €42k | €12.97M | €13.25M | €13.35M | ▲ 0.7% |
| Financial debts43 | - | - | - | €13.24M | €13.34M | ▲ 0.7% |
| Other loans439 | - | - | - | €13.24M | €13.34M | ▲ 0.7% |
| Trade debts44 | €77k | €3k | €48k | €4k | €6k | ▲ 46.2% |
| Suppliers440/4 | - | - | - | €4k | €6k | ▲ 46.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €62k | €761k | €-6k | €-277k | €-99k | ▲ 64.3% |
| Operating cash flow (approximation) | €62k | €761k | €-6k | €-277k | €-99k | ▲ 64.3% |
| Investment in fixed assets (approximation) | - | €855k | €-10.00M | €0 | €0 | - |
| Change in cash | - | €-77 | €2k | €-2k | €-30 | ▲ 98.7% |
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
2023
24-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 113 days late
03-01
State Gazette act
Board meeting · Merger
Accounting effect
03-01
State Gazette act
Board meeting · Merger
Accounting effect
2022
03-11
State Gazette act
Merger · Accounting effect
Merger approval date
03-11
State Gazette act
Merger · Accounting effect
Merger approval date
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €-277k
Net result drops to €-277k, the lowest in the series.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €761k ▲1,125%
Net result €761k, the highest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 9 days late
Show earlier events
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
25-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
27-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 27 days late
2014
03-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 17 acts read
About the unread acts
We know of 17 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
Acquisitions and mergers
1 transactionTaken over by:ORANGE BELGIUM