VANBALLENBERGHE
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 31-12-2024, 2 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 · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline01-10-2026 today
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 27-06-2024, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
34 d early
2022
6 d early
2021
32 d early
2020
29 d early
2019
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 28 days before the deadline; 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 2023, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€48,148▼ 12.3%
2022 · €54,922
Total assets
€48,153▼ 12.6%
2022 · €55,119
Net result
-€6,774▼ 23.7%
2022 · -€5,475
Working capital
€48,148▼ 12.3%
2022 · €54,922
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
Line20192020202120222023
Operating result€259,077-€8,383-€11,988▼ 43.0%-€6,322▲ 47.3%-€6,720▼ 6.3%
Net result€252,675-€12,411-€8,505▲ 31.5%-€5,475▲ 35.6%-€6,774▼ 23.7%
Equity€81,314▼ 74.3%€68,903▼ 15.3%€60,397▼ 12.3%€54,922▼ 9.1%€48,148▼ 12.3%
Total assets€313,013▼ 62.9%€69,720▼ 77.7%€60,397▼ 13.4%€55,119▼ 8.7%€48,153▼ 12.6%
Debt€231,699▼ 56.1%€818▼ 99.6%€0▼ 100%€198€6▼ 97.2%
Working capital€80,484€68,903▼ 14.4%€60,397▼ 12.3%€54,922▼ 9.1%€48,148▼ 12.3%
Staff (FTE)
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6,720 in 2023 against €6,322 in 2022; the loss grows.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €48,153
Equity
€48,148 ▼ 12.3%
Debt
€6 ▼ 97.2%
Debt's share of the balance-sheet total falls from 0.4% to 0.0%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.00▼
2022 · 0.00
ROE
-14.1%▼
2022 · -10.0%
ROA
-14.1%▼
2022 · -9.9%
Debt ≤ 1 year
€6▼
2022 · €198
A ratio outside any meaningful range has been withheld (balance sheet total €48,153, equity €48,148).
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €636 | €0 | - | - | - | - |
| Other operating charges640/8 | - | - | €2,326 | €1,437 | €1,486 | ▲ 3.4% |
| Non-recurring operating charges66A | - | - | €244 | €0 | - | - |
| Gross operating margin9900 | €269,007 | -€4,507 | -€9,418 | -€4,885 | -€5,235 | ▼ 7.2% |
| Operating profit (loss)9901 | €259,077 | -€8,383 | -€11,988 | -€6,322 | -€6,720 | ▼ 6.3% |
| Financial income75/76B | - | - | €3,600 | €910 | €0 | ▼ 100% |
| Recurring financial income75 | €0 | €1,599 | €3,600 | €910 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | €117 | €64 | €54 | ▼ 15.1% |
| Recurring financial charges65 | €6,402 | €152 | €117 | €64 | €54 | ▼ 15.1% |
| Profit (loss) for the period before taxes9903 | €252,675 | -€6,936 | -€8,505 | -€5,475 | -€6,774 | ▼ 23.7% |
| Income taxes67/77 | - | €5,475 | €0 | - | - | - |
| Profit (loss) for the period9904 | €252,675 | -€12,411 | -€8,505 | -€5,475 | -€6,774 | ▼ 23.7% |
| Transfer from tax-exempt reserves789 | - | - | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €252,675 | €24,089 | -€8,505 | -€5,475 | -€6,774 | ▼ 23.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €313,013 | €69,720 | €60,397 | €55,119 | €48,153 | ▼ 12.6% |
| Fixed assets21/28 | €829 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €0 | - | - | - | - | - |
| Financial fixed assets28 | €829 | €0 | - | - | - | - |
| Current assets29/58 | €312,184 | €69,720 | €60,397 | €55,119 | €48,153 | ▼ 12.6% |
| Stocks and contracts in progress3 | €2,550 | €2,550 | €1,975 | €1,975 | €1,383 | ▼ 30.0% |
| Stocks30/36 | - | - | €1,975 | €1,975 | €1,383 | ▼ 30.0% |
| Amounts receivable within one year40/41 | €47,611 | €37,504 | €17 | €26 | €0 | ▼ 100% |
| Trade receivables40 | - | - | €0 | - | - | - |
| Other amounts receivable41 | - | - | €17 | €26 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €262,023 | €29,351 | €58,096 | €52,802 | €46,441 | ▼ 12.0% |
| Deferred charges and accrued income490/1 | - | - | €309 | €316 | €329 | ▲ 4.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €313,013 | €69,720 | €60,397 | €55,119 | €48,153 | ▼ 12.6% |
| Equity10/15 | €81,314 | €68,903 | €60,397 | €54,922 | €48,148 | ▼ 12.3% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €62,714 | €50,303 | €41,797 | €36,322 | €29,548 | ▼ 18.7% |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | €39,937 | €34,462 | €27,688 | ▼ 19.7% |
| Amounts payable17/49 | €231,699 | €818 | €0 | €198 | €6 | ▼ 97.2% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €231,699 | €818 | €0 | €198 | €6 | ▼ 97.2% |
| Trade debts44 | €1,583 | €252 | €0 | €198 | €6 | ▼ 97.2% |
| Suppliers440/4 | - | - | €0 | €198 | €6 | ▼ 97.2% |
| Taxes, remuneration and social security45 | - | - | €0 | - | - | - |
| Taxes450/3 | - | - | €0 | - | - | - |
| Other amounts payable47/48 | - | - | €0 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €252,675 | -€12,411 | -€8,505 | -€5,475 | -€6,774 | ▼ 23.7% |
| + Depreciation and write-downs630 | €636 | €0 | - | - | - | - |
| Operating cash flow (approximation) | €253,311 | -€12,411 | -€8,505 | -€5,475 | -€6,774 | ▼ 23.7% |
| Investment in fixed assets (approximation) | - | €829 | - | - | - | - |
| Change in cash | - | -€232,672 | €28,746 | -€5,294 | -€6,361 | ▼ 20.2% |
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
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity times 31current ratio 8598.77
Current ratio from 279.06 to 8598.77; short-term debt falls from €198 to €6.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity times 63current ratio 85.26
Current ratio from 1.35 to 85.26; short-term debt falls from €231,699 to €818.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €252,675
Net result €252,675 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.35
Current ratio from 0.63 to 1.35; short-term debt falls from €388,976 to €231,699.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
2015
25-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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 ownerChain of control
- Polyfase Spark
- VANBALLENBERGHE
Highest known parent: Polyfase Spark. The sources do not say who stands above it.
Owners 1
- Polyfase Sparkparent99.87%
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 directors read yet: 0 of 7 Gazette acts processed.