WINDO-MG
InactiveInactive; last annual accounts for fiscal year 2021.
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 30-09-2021 was due by 30-04-2022 and was filed on 23-05-2022, 23 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 · 6 filingsDeviation from the deadline
2021
23 d late
2021
3 d early
2020
12 d early
2019
7 d early
2018
on the day
2017
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average on the deadline day; the Belgian median for financial year 2021 is 3 days before the deadline, and 44% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2021, full schema, statutory accounts
Turnover
€107,497▼ 81.6%
2021 · €583,026
EBIT margin
-24.7%▼ 35.4pp
2021 · 10.7%
Net result
-€67,724
2021 · €22,046
Working capital
-€1.4m▼ 9.0%
2021 · -€1.3m
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
Line2019202020212021
Turnover€527,301-€442,494▼ 16.1%€583,026▲ 31.8%€107,497-
Operating result€13,639-€30,362▲ 123%€62,241▲ 105%-€26,557-
Net result€28,393-€27,363▼ 3.6%€22,046▼ 19.4%-€67,724-
EBIT margin2.6%-6.9%▲ 4.3pp10.7%▲ 3.8pp-24.7%-
Equity€8.4m-€8.4m▲ 0.1%€8.4m=€8.4m-
Total assets€9.3m-€10.0m▲ 7.6%€10.1m▲ 0.4%€15.1m-
Debt€915,819-€1.6m▲ 76.9%€1.7m▲ 2.6%€6.8m-
Working capital€1.4m--€1.2m-€1.3m▼ 7.9%-€1.4m-
Staff (FTE)7.1-6.3▼ 11.3%6.4▲ 1.6%6.6-
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2021 in colour, 2021 as the grey bar beneath
Assets €15.1m
Fixed assets
€13.8m ▲ 42.0%
Current assets
€1.4m ▲ 260%
Equity and liabilities €15.1m
Equity
€8.4m ▼ 0.8%
Debt
€6.8m ▲ 308%
Debt's share of the balance-sheet total rises from 16.5% to 44.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€10,581▼
2021 · €95,706
Cash flow
-€51,748▼
2021 · €55,511
Current ratio
0.49▲
2021 · 0.23
Debt to equity
0.81
ROE
-0.8%▼
2021 · 0.3%
ROA
-0.4%▼
2021 · 0.2%
Interest coverage
-0.26▼
2021 · 3.71
Debt ≤ 1 year
€2.8m▲
2021 · €1.7m
Debt > 1 year
€4.0m
Income taxes
€303▼
2021 · €17,248
Staff costs
€97,176
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2021 | Change |
|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €107,902 | - |
| Turnover70 | €527,301 | €442,494 | €583,026 | €107,497 | - |
| Other operating income74 | - | - | - | €405 | - |
| Operating charges60/66A | - | - | - | €134,460 | - |
| Services and other goods61 | - | - | - | €21,308 | - |
| Remuneration, social security and pensions62 | - | - | - | €97,176 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,132 | €14,250 | €33,465 | €15,976 | - |
| Operating profit (loss)9901 | €13,639 | €30,362 | €62,241 | -€26,557 | - |
| Financial income75/76B | - | - | - | €17 | - |
| Recurring financial income75 | €38,904 | €21,952 | €3,563 | €17 | - |
| Income from current assets751 | - | - | - | €17 | - |
| Financial charges65/66B | - | - | - | €40,880 | - |
| Recurring financial charges65 | €4,797 | €5,735 | €26,511 | €40,880 | - |
| Debt charges650 | €4,294 | €5,055 | €25,812 | €40,441 | - |
| Other financial charges652/9 | - | - | - | €439 | - |
| Profit (loss) for the period before taxes9903 | €47,745 | €46,579 | €39,293 | -€67,421 | - |
| Income taxes67/77 | €19,353 | €19,215 | €17,248 | €303 | - |
| Taxes670/3 | - | - | - | €303 | - |
| Profit (loss) for the period9904 | €28,393 | €27,363 | €22,046 | -€67,724 | - |
| Profit (loss) for the period to be appropriated9905 | €28,393 | €27,363 | €22,046 | -€67,724 | - |
| Line | 2019 | 2020 | 2021 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €9.3m | €10.0m | €10.1m | €15.1m | - |
| Fixed assets21/28 | €7.0m | €9.6m | €9.7m | €13.8m | - |
| Intangible fixed assets21 | - | €72,307 | €159,639 | €242,545 | - |
| Tangible fixed assets22/27 | €27,870 | €44,162 | €53,993 | €48,717 | - |
| Furniture and vehicles24 | - | - | - | €48,717 | - |
| Financial fixed assets28 | €7.0m | €9.5m | €9.5m | €13.5m | - |
| Affiliated companies280/1 | - | - | - | €13.5m | - |
| Participating interests280 | - | - | - | €13.5m | - |
| Current assets29/58 | €2.3m | €428,610 | €376,074 | €1.4m | - |
| Amounts receivable within one year40/41 | €2.2m | €268,737 | €172,945 | €222,787 | - |
| Trade receivables40 | - | - | - | €157,719 | - |
| Other amounts receivable41 | - | - | - | €65,068 | - |
| Cash at bank and in hand54/58 | €130,822 | €156,877 | €196,021 | €1.1m | - |
| Deferred charges and accrued income490/1 | - | - | - | €8,685 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €9.3m | €10.0m | €10.1m | €15.1m | - |
| Equity10/15 | €8.4m | €8.4m | €8.4m | €8.4m | - |
| Contributions10/11 | €1.5m | €1.5m | €1.5m | €1.5m | - |
| Capital10 | - | - | - | €1.5m | - |
| Issued capital100 | - | - | - | €1.5m | - |
| Reserves13 | €6.9m | €6.9m | €6.9m | €6.9m | - |
| Non-distributable reserves130/1 | - | - | - | €156,032 | - |
| Legal reserve130 | - | - | - | €156,032 | - |
| Distributable reserves133 | - | - | - | €6.7m | - |
| Profit (loss) carried forward14 | €40,269 | €48,582 | €51,578 | -€16,146 | - |
| Amounts payable17/49 | €915,819 | €1.6m | €1.7m | €6.8m | - |
| Amounts payable after more than one year17 | - | - | - | €4.0m | - |
| Financial debts170/4 | - | - | - | €4.0m | - |
| Other loans174 | - | - | - | €4.0m | - |
| Amounts payable within one year42/48 | €915,783 | €1.6m | €1.7m | €2.8m | - |
| Trade debts44 | €32,679 | €32,855 | €52,016 | €57,722 | - |
| Suppliers440/4 | - | - | - | €57,722 | - |
| Taxes, remuneration and social security45 | - | - | - | €83,174 | - |
| Remuneration and social security454/9 | - | - | - | €83,174 | - |
| Other amounts payable47/48 | - | - | - | €2.6m | - |
| Line | 2019 | 2020 | 2021 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,393 | €27,363 | €22,046 | -€67,724 | - |
| + Depreciation and write-downs630 | €6,132 | €14,250 | €33,465 | €15,976 | - |
| Operating cash flow (approximation) | €34,524 | €41,613 | €55,511 | -€51,748 | - |
| Investment in fixed assets (approximation) | - | -€2.6m | -€130,628 | - | - |
| Change in cash | - | €26,055 | €39,144 | - | - |
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
23-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 23 days late
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
2021
30-09
Financial
Weakest financial yearnet -€67,724
Net result drops to -€67,724, the lowest in the series.
19-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
19-01
NBB filing
Annual accounts filed
fiscal year 2020 · consolidated
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · consolidated
24-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · consolidated
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · consolidated
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
5 holdings · 6 subsidiaries in the treeOwners 0
The accounts to 30-09-2021 list no shareholders, and no other source names one.
Holdings 5
-
100%
-
100%
-
99.99%
-
98%
-
52%
All subsidiaries, including indirect ones 6
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- Arda SlovakijeSK 100%
- Bruvo SlowakijeSK 100%
- BRUYNSEELS - VOCHTEN 99.99%
- BRUVO 98%
According to the annual accounts to 30-09-2021 of WINDO-MG 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.