VENDOR
InactiveInactive; last annual accounts for fiscal year 2020.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 30-06-2020 was due by 31-01-2021 and was filed on 12-04-2021, 71 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 · 10 filingsDeviation from the deadline
2020
71 d late
2019
41 d late
2018
82 d early
2017
25 d early
2016
63 d early
2015
62 d early
2014
81 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€4.34M
EBIT margin
3.0%
Net result
€87k▼ 29.7%
2018 · €123k
2018: €123k
2020: €87k
2018 → 2020
Working capital
€65k
2018 · €-344k
2018: €-344k
2020: €65k
2018 → 2020
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182020Trend
Turnover€4.34M
Equity€422k-€656k▲ 55.3%
2018: €422k
2020: €656k
Operating result€228k-€130k▼ 42.9%
2018: €228k
2020: €130k
Net result€123k-€87k▼ 29.7%
2018: €123k
2020: €87k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €130k in 2020, compared with €228k in 2018. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2020 in colour, 2018 as the grey bar beneath
Assets €2.39M
Fixed assets
€777k ▼ 2.8%
Current assets
€1.61M ▲ 32.0%
Equity and liabilities €2.39M
Equity
€656k ▲ 55.3%
Debt
€1.73M ▲ 8.3%
Debt's share of the balance-sheet total falls from 79.1% to 72.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€293k▼
2018 · €483k
Cash flow
€250k▼
2018 · €378k
Current ratio
1.04▲
2018 · 0.78
Quick ratio
0.91▲
2018 · 0.70
ROE
13.2%▼
2018 · 29.1%
ROA
3.6%▼
2018 · 6.1%
Debt ≤ 1 year
€1.54M▼
2018 · €1.56M
Income taxes
€40k▼
2018 · €102k
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 · 2020 against 2018 · 30 lines
Balance sheet
Code20182020
Assets
Total assets20/58€2.02M€2.39M▲
Formation expenses20€0-
Fixed assets21/28€800k€777k▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€799k€764k▼
Financial fixed assets28€392€13k▲
Current assets29/58€1.22M€1.61M▲
Stocks and contracts in progress3€130k€207k▲
Amounts receivable within one year40/41€936k€1.25M▲
Current investments50/53€0-
Cash at bank and in hand54/58€113k€141k▲
Equity and liabilities
Total equity and liabilities10/49€2.02M€2.39M▲
Equity10/15€422k€656k▲
Contributions10/11€235k€235k=
Reserves13€187k€421k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€1.60M€1.73M▲
Amounts payable within one year42/48€1.56M€1.54M▼
Trade debts44€688k€697k▲
Income statement
Code20182020
Turnover70-€4.34M
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€255k€163k▼
Gross operating margin9900€2.76M€1.40M▼
Operating profit (loss)9901€228k€130k▼
Recurring financial income75€3k-
Recurring financial charges65€9k€4k▼
Profit (loss) for the period before taxes9903€222k€127k▼
Income taxes67/77€102k€40k▼
Profit (loss) for the period9904€123k€87k▼
Profit (loss) for the period to be appropriated9905€123k€87k▼
Appropriation of the result
Return on contributions (dividend)694€123k-
Accounts by statement
| Line | 2018 | 2020 | Change |
|---|---|---|---|
| Turnover70 | - | €4.34M | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €255k | €163k | - |
| Gross operating margin9900 | €2.76M | €1.40M | - |
| Operating profit (loss)9901 | €228k | €130k | - |
| Recurring financial income75 | €3k | - | - |
| Recurring financial charges65 | €9k | €4k | - |
| Profit (loss) for the period before taxes9903 | €222k | €127k | - |
| Income taxes67/77 | €102k | €40k | - |
| Profit (loss) for the period9904 | €123k | €87k | - |
| Profit (loss) for the period to be appropriated9905 | €123k | €87k | - |
| Line | 2018 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €2.02M | €2.39M | - |
| Formation expenses20 | €0 | - | - |
| Fixed assets21/28 | €800k | €777k | - |
| Intangible fixed assets21 | €0 | - | - |
| Tangible fixed assets22/27 | €799k | €764k | - |
| Financial fixed assets28 | €392 | €13k | - |
| Current assets29/58 | €1.22M | €1.61M | - |
| Stocks and contracts in progress3 | €130k | €207k | - |
| Amounts receivable within one year40/41 | €936k | €1.25M | - |
| Current investments50/53 | €0 | - | - |
| Cash at bank and in hand54/58 | €113k | €141k | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €2.02M | €2.39M | - |
| Equity10/15 | €422k | €656k | - |
| Contributions10/11 | €235k | €235k | - |
| Reserves13 | €187k | €421k | - |
| Profit (loss) carried forward14 | €0 | - | - |
| Amounts payable17/49 | €1.60M | €1.73M | - |
| Amounts payable within one year42/48 | €1.56M | €1.54M | - |
| Trade debts44 | €688k | €697k | - |
| Line | 2018 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €123k | €87k | - |
| + Depreciation and write-downs630 | €255k | €163k | - |
| Operating cash flow (approximation) | €378k | €250k | - |
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
2021
12-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 71 days late
2020
28-10
State Gazette act
General meeting · Merger
Capital increase · Share issue · Paul MASELIS
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 41 days late
31-08
State Gazette act
Merger · Corporate purpose
Capital · Net-asset statement
30-06
Financial
Equity above €500kEq €656k ▲55.3%
2 profitable years in a row build equity to €656k.
2019
10-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
11-05
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
13-05
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
06-06
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
29-06
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 25 acts read
About the unread acts
We know of 25 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:CWS-BOCO BeLux