NOSHAQ EUROPE 2

Inactive

KBO/BCE: BE 0809.550.122

Inactive; last annual accounts for fiscal year 2020.

Risk analysis Watch Report Compare

NOSHAQ EUROPE 2Inactive

Risk analysis Report Compare

Signals

1 signal. The signal on the left, the evidence on the right.

+raises risk

Filed more than 90 days late

The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 22-12-2021, 144 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 10 filings

Deviation from the deadline

2020

144 d late

2020

54 d early

2019

50 d early

2018

50 d early

2017

51 d early

2016

47 d early

2015

46 d early

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2020, full schema

Turnover

€3k▲ 20.0%

2020 · €3k

2019: €4khighest value 2020: €3k▼ -37.5% vs 2019lowest value 2020: €3k

2019 → 2020

EBIT margin

-34770.9%▲ 43874.2pp

2020 · -78645.1%

2019: -41831.2% 2020: -78645.1%▼ -88.0% vs 2019lowest value 2020: -34770.9%highest value

2019 → 2020

Net result

€-71k▲ 90.9%

2020 · €-778k

2019: €589khighest value 2020: €-778k▼ -232% vs 2019lowest value 2020: €-71k

2019 → 2020

Working capital

€52.75M▲ 7.9%

2020 · €48.89M

2019: €37.10Mlowest value 2020: €48.89M▲ +31.8% vs 2019 2020: €52.75Mhighest value

2019 → 2020

Trend over the years

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line201920202020Trend

Turnover€4k-€3k▼ 37.5%€3k▲ 20.0% 2019: €4khighest value 2020: €3k▼ -37.5% vs 2019lowest value 2020: €3k

Equity€89.42M-€88.64M▼ 0.9%€88.57M▼ 0.1% 2019: €89.42Mhighest value 2020: €88.64M▼ -0.9% vs 2019 2020: €88.57Mlowest value

Operating result€-1.67M-€-1.97M▼ 17.5%€-1.04M▲ 46.9% 2019: €-1.67M 2020: €-1.97M▼ -17.5% vs 2019lowest value 2020: €-1.04Mhighest value

Net result€589k-€-778k€-71k▲ 90.9% 2019: €589khighest value 2020: €-778k▼ -232% vs 2019lowest value 2020: €-71k

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

2020 in colour, 2020 as the grey bar beneath

Assets €89.65M

41.1%

58.9%

Fixed assets €36.85M ▼ 11.7%

Current assets €52.80M ▲ 7.9%

Equity and liabilities €89.65M

98.8%

Equity €88.57M ▼ 0.1%

Debt €1.08M ▼ 46.1%

Debt's share of the balance-sheet total falls from 2.2% to 1.2%. Equity and debt are lower.

Key figures and ratios

2020 value · change against 2020

ROE

-0.1%▲

2020 · -0.9%

ROA

-0.1%▲

2020 · -0.9%

Debt ≤ 1 year

€50k▲

2020 · €39k

A ratio outside any meaningful range has been withheld (balance sheet total €89.65M, equity €88.57M).

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

As filed By statement

Filed annual accounts As filed with the NBB · 2020 against 2020 · 22 lines

Balance sheet Code20202020

Assets

Total assets20/58€90.64M€89.65M▼

Fixed assets21/28€41.71M€36.85M▼

Financial fixed assets28€41.71M€36.85M▼

Current assets29/58€48.93M€52.80M▲

Amounts receivable within one year40/41€38.70M€45.07M▲

Current investments50/53€3.22M€3.22M=

Cash at bank and in hand54/58€6.91M€4.32M▼

Equity and liabilities

Total equity and liabilities10/49€90.64M€89.65M▼

Equity10/15€88.64M€88.57M▼

Contributions10/11€94.69M€94.69M=

Profit (loss) carried forward14€-6.05M€-6.12M▼

Amounts payable17/49€2.00M€1.08M▼

Amounts payable within one year42/48€39k€50k▲

Trade debts44€5k€4k▼

Income statement Code20202020

Turnover70€3k€3k▲

Operating profit (loss)9901€-1.97M€-1.04M▲

Recurring financial income75€1.94M€947k▼

Recurring financial charges65€2k€14k▲

Debt charges650-€433

Profit (loss) for the period before taxes9903€-778k€-71k▲

Profit (loss) for the period9904€-778k€-71k▲

Profit (loss) for the period to be appropriated9905€-778k€-71k▲

Accounts by statement

Income statement Balance sheet Cash flow

Line	2019	2020	2020	Change
Turnover70	€4k	€3k	€3k	-
Operating profit (loss)9901	€-1.67M	€-1.97M	€-1.04M	-
Recurring financial income75	€2.26M	€1.94M	€947k	-
Recurring financial charges65	€176k	€2k	€14k	-
Debt charges650	-	-	€433	-
Profit (loss) for the period before taxes9903	€589k	€-778k	€-71k	-
Profit (loss) for the period9904	€589k	€-778k	€-71k	-
Profit (loss) for the period to be appropriated9905	€589k	€-778k	€-71k	-

Line	2019	2020	2020	Change
Assets
Total assets20/58	€91.20M	€90.64M	€89.65M	-
Fixed assets21/28	€53.98M	€41.71M	€36.85M	-
Financial fixed assets28	€53.98M	€41.71M	€36.85M	-
Current assets29/58	€37.22M	€48.93M	€52.80M	-
Amounts receivable within one year40/41	€19.09M	€38.70M	€45.07M	-
Current investments50/53	€3.19M	€3.22M	€3.22M	-
Cash at bank and in hand54/58	€14.88M	€6.91M	€4.32M	-
Equity and liabilities
Total equity and liabilities10/49	€91.20M	€90.64M	€89.65M	-
Equity10/15	€89.42M	€88.64M	€88.57M	-
Contributions10/11	€94.69M	€94.69M	€94.69M	-
Profit (loss) carried forward14	€-5.28M	€-6.05M	€-6.12M	-
Amounts payable17/49	€1.78M	€2.00M	€1.08M	-
Amounts payable within one year42/48	€118k	€39k	€50k	-
Trade debts44	-	€5k	€4k	-

Line	2019	2020	2020	Change
Profit (loss) for the period9904	€589k	€-778k	€-71k	-
Operating cash flow (approximation)	€589k	€-778k	€-71k	-
Investment in fixed assets (approximation)	-	€12.27M	-	-
Change in cash	-	€-7.96M	-	-

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

All 18Financial 2Gazette 6Filings 10

2021

22-12

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 144 days late

05-07

State Gazette act General meeting · Merger

Capital increase · Share issue

14-05

State Gazette act Merger · Capital increase

Accounting effect · Auditor appointment

2020

08-12

NBB filing Annual accounts filed

fiscal year 2020 · full schema

30-06

Financial Weakest financial yearnet €-778k

Net result drops to €-778k, the lowest in the series.

30-06

Financial Liquidity quadruplescurrent ratio 1253.59

Current ratio from 314.89 to 1253.59; short-term debt falls from €118k to €39k.

2019

12-12

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2018

12-12

NBB filing Annual accounts filed

fiscal year 2018 · full schema

30-10

State Gazette act General meeting · Auditor appointment

Board meeting · Director resignation

05-01

State Gazette act Board meeting · Director appointment

Director resignation · Permanent representative

2017

11-12

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2016

15-12

NBB filing Annual accounts filed

fiscal year 2016 · full schema

Show earlier events

2015

16-12

NBB filing Annual accounts filed

fiscal year 2015 · full schema

03-08

State Gazette act Incorporation · Founding capital

Corporate purpose · General meeting

26-06

State Gazette act General meeting · Capital decrease

Purpose change · Registered-office move

2014

17-12

NBB filing Annual accounts filed

fiscal year 2014 · full schema

2013

18-12

NBB filing Annual accounts filed

fiscal year 2013 · full schema

2012

10-12

NBB filing Annual accounts filed

fiscal year 2012 · full schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 22 acts read

About the unread acts

We know of 22 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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