VIAFOUND
ActiveFinancials · financial year 2021, micro format
2022 annual accounts not yet filed, deadline passed on 31 July 2023 The financial year closed on 31 December 2022. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 4 financial years without a filing since the last one filed. Source: NBB filings, as of 2 November 2026.
Annual accounts 2021 filed on 31-08-2022 PDF all 30 filings
Turnover
≈ €180,000
Estimated: probably between €120,000 and €320,000
Total assets
€402,497▲ 12.3%
2020 · €358,494
Net result
€41,671▼ 0.7%
2020 · €41,953
Working capital
€269,541▲ 19.7%
2020 · €225,219
Multi-year overview
2018 to 2021, 4 financial yearsOperating result
€57,647
▲ 3.8%
2021
20182021
Net result
€41,671
▼ 0.7%
2021
20182021
Equity
€373,927
▲ 12.5%
2021
20182021
Total assets
€402,497
▲ 12.3%
2021
20182021
Debt
€28,570
▲ 8.9%
2021
20182021
Working capital
€269,541
▲ 19.7%
2021
20182021
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result€12,496-€58,190▲ 366%€55,548▼ 4.5%€57,647▲ 3.8%
Net result€10,282--€45,544€41,953€41,671▼ 0.7%
Equity€335,847-€290,303▼ 13.6%€332,256▲ 14.5%€373,927▲ 12.5%
Total assets€365,135-€311,967▼ 14.6%€358,494▲ 14.9%€402,497▲ 12.3%
Debt€29,288-€21,664▼ 26.0%€26,238▲ 21.1%€28,570▲ 8.9%
Working capital€128,314-€178,942▲ 39.5%€225,219▲ 25.9%€269,541▲ 19.7%
The operating result for 2021 is 4% higher than in 2020. It is a recovery after the fall in 2020.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €402,497
Fixed assets
€104,386 ▼ 2.6%
Current assets
€298,111 ▲ 18.6%
Equity and liabilities €402,497
Equity
€373,927 ▲ 12.5%
Debt
€28,570 ▲ 8.9%
Debt's share of the balance-sheet total falls from 7.3% to 7.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€60,478▼
2020 · €62,191
Cash flow
€44,501▼
2020 · €48,596
Current ratio
10.43▲
2020 · 9.64
Debt to equity
0.08
ROE
11.1%▼
2020 · 12.6%
ROA
10.4%▼
2020 · 11.7%
Interest coverage
over 100
Debt ≤ 1 year
€28,570▲
2020 · €26,059
Income taxes
€15,910▲
2020 · €13,412
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,069 | €6,268 | €6,643 | €2,831 | ▼ 57.4% |
| Other operating charges640/8 | - | - | - | €719 | - |
| Gross operating margin9900 | €19,148 | €65,394 | €63,009 | €61,197 | ▼ 2.9% |
| Operating profit (loss)9901 | €12,496 | €58,190 | €55,548 | €57,647 | ▲ 3.8% |
| Financial income75/76B | - | - | - | €11 | - |
| Recurring financial income75 | €2,466 | €56 | €53 | €11 | ▼ 79.4% |
| Financial charges65/66B | - | - | - | €78 | - |
| Recurring financial charges65 | €211 | €103 | €236 | €78 | ▼ 67.0% |
| Profit (loss) for the period before taxes9903 | €14,751 | -€33,009 | €55,365 | €57,580 | ▲ 4.0% |
| Income taxes67/77 | €4,469 | €12,536 | €13,412 | €15,910 | ▲ 18.6% |
| Profit (loss) for the period9904 | €10,282 | -€45,544 | €41,953 | €41,671 | ▼ 0.7% |
| Profit (loss) for the period to be appropriated9905 | €10,282 | -€45,544 | €41,953 | €41,671 | ▼ 0.7% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €365,135 | €311,967 | €358,494 | €402,497 | ▲ 12.3% |
| Fixed assets21/28 | €207,784 | €111,361 | €107,216 | €104,386 | ▼ 2.6% |
| Tangible fixed assets22/27 | €27,934 | €22,663 | €18,518 | €15,688 | ▼ 15.3% |
| Land and buildings22 | - | - | - | €13,540 | - |
| Furniture and vehicles24 | - | - | - | €2,148 | - |
| Financial fixed assets28 | €179,850 | €88,698 | €88,698 | €88,698 | = |
| Current assets29/58 | €157,351 | €200,606 | €251,278 | €298,111 | ▲ 18.6% |
| Amounts receivable within one year40/41 | €25,170 | €11,797 | €54,408 | €32,589 | ▼ 40.1% |
| Trade receivables40 | - | - | - | €32,567 | - |
| Other amounts receivable41 | - | - | - | €22 | - |
| Cash at bank and in hand54/58 | €132,180 | €188,809 | €196,870 | €264,527 | ▲ 34.4% |
| Deferred charges and accrued income490/1 | - | - | - | €995 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €365,135 | €311,967 | €358,494 | €402,497 | ▲ 12.3% |
| Equity10/15 | €335,847 | €290,303 | €332,256 | €373,927 | ▲ 12.5% |
| Contributions10/11 | €173,145 | €173,145 | €173,145 | €173,145 | = |
| Capital10 | - | - | - | €173,145 | - |
| Issued capital100 | - | - | - | €173,145 | - |
| Reserves13 | €159,151 | €159,151 | €159,151 | €200,751 | ▲ 26.1% |
| Non-distributable reserves130/1 | - | - | - | €5,001 | - |
| Legal reserve130 | - | - | - | €5,001 | - |
| Distributable reserves133 | - | - | - | €195,750 | - |
| Profit (loss) carried forward14 | €3,551 | -€41,993 | -€40 | €30 | - |
| Amounts payable17/49 | €29,288 | €21,664 | €26,238 | €28,570 | ▲ 8.9% |
| Amounts payable within one year42/48 | €29,037 | €21,664 | €26,059 | €28,570 | ▲ 9.6% |
| Trade debts44 | €128 | €10,695 | €4,624 | €4,928 | ▲ 6.6% |
| Suppliers440/4 | - | - | - | €4,928 | - |
| Taxes, remuneration and social security45 | - | - | - | €23,642 | - |
| Taxes450/3 | - | - | - | €23,642 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,282 | -€45,544 | €41,953 | €41,671 | ▼ 0.7% |
| + Depreciation and write-downs630 | €6,069 | €6,268 | €6,643 | €2,831 | ▼ 57.4% |
| Operating cash flow (approximation) | €16,351 | -€39,276 | €48,596 | €44,501 | ▼ 8.4% |
| Investment in fixed assets (approximation) | - | €90,155 | -€2,499 | €0 | - |
| Change in cash | - | €56,629 | €8,060 | €67,657 | ▲ 739% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 30 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | micro format | 31-08-2022 | 2022-20404257 | |
| 31-12-2020 | micro format | 19-11-2021 | 2021-77800458 | |
| 31-12-2019 | micro format | 31-10-2020 | 2020-67600397 | |
| 31-12-2018 | micro format | 31-08-2019 | 2019-62500198 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-60600087 | |
| 31-12-2016 | micro format | 30-09-2017 | 2017-65600273 | |
| 31-12-2015 | full format | 31-08-2016 | 2016-57100467 | |
| 31-12-2014 | full format | 31-08-2015 | 2015-56300149 | |
| 31-12-2013 | full format | 31-08-2014 | 2014-55800205 | |
| 31-12-2012 | full format | 30-09-2013 | 2013-61300225 |