VIVES
InactiveInactive; last annual accounts for fiscal year 2021.
Signals
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 31-12-2022, 4 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
31-12-2022 close31-07-2023 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 26-08-2022, 26 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
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
26 d late
2020
17 d late
2019
11 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 18 days after 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 2021, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€19,904▲ 94.7%
2020 · -€375,409
Working capital
€30,593▼ 23.5%
2020 · €40,008
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
Line2018201920202021
Operating result-€82,540--€76,839▲ 6.9%-€9,916▲ 87.1%-€8,734▲ 11.9%
Net result-€19,792-€1.5m-€375,409-€19,904▲ 94.7%
Equity€1.3m-€565,417▼ 56.5%€190,008▼ 66.4%€170,104▼ 10.5%
Total assets€1.3m-€612,376▼ 53.6%€193,033▼ 68.5%€175,662▼ 9.0%
Debt€20,376-€46,958▲ 130%€3,025▼ 93.6%€5,558▲ 83.7%
Working capital€114,071-€50,433▼ 55.8%€40,008▼ 20.7%€30,593▼ 23.5%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8,734 in 2021 against €9,916 in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €175,662
Fixed assets
€139,511 ▼ 7.0%
Current assets
€36,151 ▼ 16.0%
Equity and liabilities €175,662
Equity
€170,104 ▼ 10.5%
Debt
€5,558 ▲ 83.7%
Debt's share of the balance-sheet total rises from 1.6% to 3.2%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
6.50▼
2020 · 14.23
Debt to equity
0.03
ROE
-11.7%▲
2020 · -197.6%
ROA
-11.3%▲
2020 · -194.5%
Debt ≤ 1 year
€5,558▲
2020 · €3,025
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 |
|---|---|---|---|---|---|
| Gross operating margin9900 | -€82,496 | -€76,795 | -€9,916 | -€8,734 | ▲ 11.9% |
| Operating profit (loss)9901 | -€82,540 | -€76,839 | -€9,916 | -€8,734 | ▲ 11.9% |
| Financial income75/76B | - | - | - | €1.5m | - |
| Recurring financial income75 | €63,000 | - | - | €1.5m | - |
| Non-recurring financial income76B | - | - | - | €1.5m | - |
| Financial charges65/66B | - | - | - | €1.5m | - |
| Recurring financial charges65 | €252 | €399 | €508 | €681 | ▲ 34.0% |
| Non-recurring financial charges66B | - | - | - | €1.5m | - |
| Profit (loss) for the period before taxes9903 | -€19,792 | €1.5m | -€375,409 | -€19,904 | ▲ 94.7% |
| Profit (loss) for the period9904 | -€19,792 | €1.5m | -€375,409 | -€19,904 | ▲ 94.7% |
| Profit (loss) for the period to be appropriated9905 | -€19,792 | €1.5m | -€375,409 | -€19,904 | ▲ 94.7% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.3m | €612,376 | €193,033 | €175,662 | ▼ 9.0% |
| Fixed assets21/28 | €1.2m | €514,984 | €150,000 | €139,511 | ▼ 7.0% |
| Financial fixed assets28 | €1.2m | €514,984 | €150,000 | €139,511 | ▼ 7.0% |
| Current assets29/58 | €134,447 | €97,391 | €43,033 | €36,151 | ▼ 16.0% |
| Amounts receivable within one year40/41 | - | €20,000 | - | - | - |
| Cash at bank and in hand54/58 | €134,447 | €75,206 | €43,033 | €33,966 | ▼ 21.1% |
| Deferred charges and accrued income490/1 | - | - | - | €2,185 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.3m | €612,376 | €193,033 | €175,662 | ▼ 9.0% |
| Equity10/15 | €1.3m | €565,417 | €190,008 | €170,104 | ▼ 10.5% |
| Contributions10/11 | €12.1m | €9.8m | €9.8m | €9.8m | = |
| Capital10 | - | - | - | €9.8m | - |
| Issued capital100 | - | - | - | €10.3m | - |
| Uncalled capital101 | - | - | - | €457,805 | - |
| Profit (loss) carried forward14 | -€10.8m | -€9.3m | -€9.7m | -€9.7m | ▼ 0.2% |
| Amounts payable17/49 | €20,376 | €46,958 | €3,025 | €5,558 | ▲ 83.7% |
| Amounts payable within one year42/48 | €20,376 | €46,958 | €3,025 | €5,558 | ▲ 83.7% |
| Trade debts44 | €20,376 | €46,958 | €3,025 | €5,558 | ▲ 83.7% |
| Suppliers440/4 | - | - | - | €5,558 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€19,792 | €1.5m | -€375,409 | -€19,904 | ▲ 94.7% |
| Operating cash flow (approximation) | -€19,792 | €1.5m | -€375,409 | -€19,904 | ▲ 94.7% |
| Investment in fixed assets (approximation) | - | €669,998 | €364,984 | €10,489 | ▼ 97.1% |
| Change in cash | - | -€59,241 | -€32,173 | -€9,068 | ▲ 71.8% |
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
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 26 days late
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 17 days late
2020
31-12
Financial
Weakest financial yearnet -€375,409
Net result drops to -€375,409, the lowest in the series.
31-12
Financial
Liquidity times 7current ratio 14.23
Current ratio from 2.07 to 14.23; short-term debt falls from €46,958 to €3,025.
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 11 days late
2019
31-12
Financial
Back to profitnet €1.5m
Net result €1.5m after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
07-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
03-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
23-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
10-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2009
09-07
State Gazette act
General meeting · Capital increase
Capital · Share issue
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 21 acts read
About the unread acts
We know of 21 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Structure & network
Owners and holdings
3 holdingsOwners 0
The accounts to 31-12-2021 list no shareholders, and no other source names one.
Holdings 3
-
10.4%
-
1.38%
-
0.56%
According to the 2021 annual accounts of VIVES 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.