EXPERTISE & QUALITE SOCIALES
abbreviatedEQSOInactiveInactive; last annual accounts for fiscal year 2022.
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 31-12-2023, 3 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 · 9 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 13-06-2023, 48 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
48 d early
2021
47 d early
2020
3 d early
2019
42 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, full schema, statutory accounts
Turnover
€1.00M▼ 82.7%
2021 · €5.79M
2018: €3.60M
2019: €3.18M▼ -11.6% vs 2018
2020: €3.41M▲ +7.3% vs 2019
2021: €5.79M▲ +69.6% vs 2020highest in 5 years
2022: €1.00M▼ -82.7% vs 2021lowest in 5 years
2018 → 2022
EBIT margin
41.3%▲ 35.3pp
2021 · 6.0%
2018: 23.5%
2019: 24.1%▲ +2.5% vs 2018
2020: 15.9%▼ -34.0% vs 2019
2021: 6.0%▼ -62.1% vs 2020lowest in 5 years
2022: 41.3%▲ +587% vs 2021highest in 5 years
2018 → 2022
Net result
€2.05M▼ 28.6%
2021 · €2.87M
2018: €1.82Mlowest in 5 years
2019: €2.55M▲ +40.0% vs 2018
2020: €2.32M▼ -9.2% vs 2019
2021: €2.87M▲ +23.7% vs 2020highest in 5 years
2022: €2.05M▼ -28.6% vs 2021
2018 → 2022
Working capital
€-10.84M▲ 14.6%
2021 · €-12.69M
2018: €-12.05M
2019: €-12.05M▲ +0.1% vs 2018
2020: €-15.03M▼ -24.8% vs 2019lowest in 5 years
2021: €-12.69M▲ +15.5% vs 2020
2022: €-10.84M▲ +14.6% vs 2021highest in 5 years
2018 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€3.60M-€3.18M▼ 11.6%€3.41M▲ 7.3%€5.79M▲ 69.6%€1.00M▼ 82.7%
2018: €3.60M
2019: €3.18M▼ -11.6% vs 2018
2020: €3.41M▲ +7.3% vs 2019
2021: €5.79M▲ +69.6% vs 2020highest in 5 years
2022: €1.00M▼ -82.7% vs 2021lowest in 5 years
Equity€4.88M-€5.61M▲ 14.9%€3.06M▼ 45.5%€5.93M▲ 93.7%€7.97M▲ 34.5%
2018: €4.88M
2019: €5.61M▲ +14.9% vs 2018
2020: €3.06M▼ -45.5% vs 2019lowest in 5 years
2021: €5.93M▲ +93.7% vs 2020
2022: €7.97M▲ +34.5% vs 2021highest in 5 years
Operating result€846k-€766k▼ 9.4%€543k▼ 29.1%€348k▼ 35.8%€414k▲ 18.9%
2018: €846khighest in 5 years
2019: €766k▼ -9.4% vs 2018
2020: €543k▼ -29.1% vs 2019
2021: €348k▼ -35.8% vs 2020lowest in 5 years
2022: €414k▲ +18.9% vs 2021
Net result€1.82M-€2.55M▲ 40.0%€2.32M▼ 9.2%€2.87M▲ 23.7%€2.05M▼ 28.6%
2018: €1.82Mlowest in 5 years
2019: €2.55M▲ +40.0% vs 2018
2020: €2.32M▼ -9.2% vs 2019
2021: €2.87M▲ +23.7% vs 2020highest in 5 years
2022: €2.05M▼ -28.6% vs 2021
Result per fiscal year
Operating resultNet result
The operating result recovers in 2022; 2022 is 19% above 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €21.07M
Fixed assets
€20.42M ▼ 1.0%
Current assets
€652k ▲ 2.5%
Equity and liabilities €21.07M
Equity
€7.97M ▲ 34.5%
Debt
€13.10M ▼ 14.6%
Debt's share of the balance-sheet total falls from 72.1% to 62.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€432k▲
2021 · €387k
Cash flow
€2.06M▼
2021 · €2.91M
Current ratio
0.06▲
2021 · 0.05
Debt to equity
1.64▼
2021 · 2.59
ROE
25.7%▼
2021 · 48.4%
ROA
9.7%▼
2021 · 13.5%
Interest coverage
2.54▲
2021 · 2.24
Debt ≤ 1 year
€11.49M▼
2021 · €13.33M
Debt > 1 year
€1.61M▼
2021 · €2.01M
Income taxes
€64k▼
2021 · €141k
Staff costs
€579k▼
2021 · €2.25M
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 · 2022 against 2021 · 74 lines
Balance sheet
Code20212022
Assets
Total assets20/58€21.27M€21.07M▼
Fixed assets21/28€20.63M€20.42M▼
Intangible fixed assets21€118k€0▼
Tangible fixed assets22/27€91k€0▼
Plant, machinery and equipment23€21k€0▼
Furniture and vehicles24€13k€0▼
Other tangible fixed assets26€57k€0▼
Financial fixed assets28€20.43M€20.42M=
Affiliated companies280/1€20.42M€20.42M=
Participating interests280€20.42M€20.42M=
Other financial fixed assets284/8€8k€5k▼
Amounts receivable and cash guarantees285/8€8k€5k▼
Current assets29/58€636k€652k▲
Amounts receivable within one year40/41€532k€646k▲
Trade receivables40€3k€8k▲
Other amounts receivable41€529k€638k▲
Cash at bank and in hand54/58€14k€6▼
Deferred charges and accrued income490/1€91k€6k▼
Equity and liabilities
Total equity and liabilities10/49€21.27M€21.07M▼
Equity10/15€5.93M€7.97M▲
Contributions10/11€1.56M€1.56M=
Capital10€1.56M€1.56M=
Issued capital100€1.56M€1.56M=
Reserves13€550k€550k=
Non-distributable reserves130/1€550k€550k=
Legal reserve130€550k€550k=
Profit (loss) carried forward14€3.82M€5.87M▲
Amounts payable17/49€15.34M€13.10M▼
Amounts payable after more than one year17€2.01M€1.61M▼
Financial debts170/4€2.01M€1.61M▼
Credit institutions173€2.01M€1.61M▼
Amounts payable within one year42/48€13.33M€11.49M▼
Current portion of amounts payable after more than one year42€402k€402k=
Financial debts43€50k-
Credit institutions430/8€50k-
Trade debts44€195k€15k▼
Suppliers440/4€195k€15k▼
Taxes, remuneration and social security45€280k€564▼
Remuneration and social security454/9€280k€564▼
Other amounts payable47/48€12.40M€11.07M▼
Income statement
Code20212022
Operating income70/76A€5.90M€1.49M▼
Turnover70€5.79M€1.00M▼
Own construction capitalised72€26k-
Other operating income74€84k€483k▲
Non-recurring operating income76A€14-
Operating charges60/66A€5.55M€1.07M▼
Goods for resale, raw materials and consumables60€4k-
Purchases600/8€4k-
Services and other goods61€3.33M€806k▼
Remuneration, social security and pensions62€2.25M€579k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€17k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-89k€-340k▼
Other operating charges640/8€12k€8k▼
Non-recurring operating charges66A€14-
Operating profit (loss)9901€348k€414k▲
Financial income75/76B€2.85M€1.87M▼
Recurring financial income75€2.85M€1.87M▼
Income from financial fixed assets750€2.85M€1.87M▼
Income from current assets751€5k€2k▼
Financial charges65/66B€190k€177k▼
Recurring financial charges65€190k€177k▼
Debt charges650€173k€170k▼
Other financial charges652/9€17k€7k▼
Profit (loss) for the period before taxes9903€3.01M€2.11M▼
Income taxes67/77€141k€64k▼
Taxes670/3€142k€64k▼
Tax adjustments and reversals of tax provisions77€823-
Profit (loss) for the period9904€2.87M€2.05M▼
Profit (loss) for the period to be appropriated9905€2.87M€2.05M▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.82M€5.87M▲
Profit (loss) brought forward from the previous period14P€952k€3.82M▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)908728.35.9▼
The notes to these accounts (54 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €5.90M | €1.49M | ▼ 74.8% |
| Turnover70 | €3.60M | €3.18M | €3.41M | €5.79M | €1.00M | ▼ 82.7% |
| Own construction capitalised72 | - | - | - | €26k | - | - |
| Other operating income74 | - | - | - | €84k | €483k | ▲ 475% |
| Non-recurring operating income76A | - | - | - | €14 | - | - |
| Operating charges60/66A | - | - | - | €5.55M | €1.07M | ▼ 80.7% |
| Goods for resale, raw materials and consumables60 | - | - | - | €4k | - | - |
| Purchases600/8 | - | - | - | €4k | - | - |
| Services and other goods61 | - | - | - | €3.33M | €806k | ▼ 75.8% |
| Remuneration, social security and pensions62 | - | - | - | €2.25M | €579k | ▼ 74.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €96k | €20k | €17k | €39k | €17k | ▼ 55.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €-89k | €-340k | ▼ 282% |
| Other operating charges640/8 | - | - | - | €12k | €8k | ▼ 28.6% |
| Non-recurring operating charges66A | - | - | - | €14 | - | - |
| Operating profit (loss)9901 | €846k | €766k | €543k | €348k | €414k | ▲ 18.9% |
| Financial income75/76B | - | - | - | €2.85M | €1.87M | ▼ 34.3% |
| Recurring financial income75 | €1.39M | €2.18M | €2.08M | €2.85M | €1.87M | ▼ 34.3% |
| Income from financial fixed assets750 | - | - | - | €2.85M | €1.87M | ▼ 34.3% |
| Income from current assets751 | - | - | - | €5k | €2k | ▼ 55.1% |
| Financial charges65/66B | - | - | - | €190k | €177k | ▼ 6.9% |
| Recurring financial charges65 | €215k | €200k | €190k | €190k | €177k | ▼ 6.9% |
| Debt charges650 | €198k | €183k | €165k | €173k | €170k | ▼ 2.0% |
| Other financial charges652/9 | - | - | - | €17k | €7k | ▼ 57.0% |
| Profit (loss) for the period before taxes9903 | €2.02M | €2.75M | €2.43M | €3.01M | €2.11M | ▼ 29.9% |
| Income taxes67/77 | €201k | €192k | €111k | €141k | €64k | ▼ 54.7% |
| Taxes670/3 | - | - | - | €142k | €64k | ▼ 55.0% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €823 | - | - |
| Profit (loss) for the period9904 | €1.82M | €2.55M | €2.32M | €2.87M | €2.05M | ▼ 28.6% |
| Profit (loss) for the period to be appropriated9905 | €1.82M | €2.55M | €2.32M | €2.87M | €2.05M | ▼ 28.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €21.55M | €21.37M | €21.16M | €21.27M | €21.07M | ▼ 0.9% |
| Fixed assets21/28 | €20.46M | €20.48M | €20.51M | €20.63M | €20.42M | ▼ 1.0% |
| Intangible fixed assets21 | €6k | €0 | €13k | €118k | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €33k | €54k | €70k | €91k | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | €21k | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €13k | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | - | - | €57k | €0 | ▼ 100% |
| Financial fixed assets28 | €20.42M | €20.42M | €20.42M | €20.43M | €20.42M | = |
| Affiliated companies280/1 | - | - | - | €20.42M | €20.42M | = |
| Participating interests280 | - | - | - | €20.42M | €20.42M | = |
| Other financial fixed assets284/8 | - | - | - | €8k | €5k | ▼ 43.4% |
| Amounts receivable and cash guarantees285/8 | - | - | - | €8k | €5k | ▼ 43.4% |
| Current assets29/58 | €1.09M | €889k | €649k | €636k | €652k | ▲ 2.5% |
| Amounts receivable within one year40/41 | €1.05M | €799k | €557k | €532k | €646k | ▲ 21.4% |
| Trade receivables40 | - | - | - | €3k | €8k | ▲ 163% |
| Other amounts receivable41 | - | - | - | €529k | €638k | ▲ 20.6% |
| Cash at bank and in hand54/58 | €36k | €21k | €16k | €14k | €6 | ▼ 100.0% |
| Deferred charges and accrued income490/1 | - | - | - | €91k | €6k | ▼ 93.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €21.55M | €21.37M | €21.16M | €21.27M | €21.07M | ▼ 0.9% |
| Equity10/15 | €4.88M | €5.61M | €3.06M | €5.93M | €7.97M | ▲ 34.5% |
| Contributions10/11 | €1.56M | €1.56M | €1.56M | €1.56M | €1.56M | = |
| Capital10 | - | - | - | €1.56M | €1.56M | = |
| Issued capital100 | - | - | - | €1.56M | €1.56M | = |
| Reserves13 | €550k | €550k | €550k | €550k | €550k | = |
| Non-distributable reserves130/1 | - | - | - | €550k | €550k | = |
| Legal reserve130 | - | - | - | €550k | €550k | = |
| Profit (loss) carried forward14 | €2.78M | €3.51M | €952k | €3.82M | €5.87M | ▲ 53.6% |
| Amounts payable17/49 | €16.66M | €15.75M | €18.09M | €15.34M | €13.10M | ▼ 14.6% |
| Amounts payable after more than one year17 | €3.52M | €2.82M | €2.41M | €2.01M | €1.61M | ▼ 20.0% |
| Financial debts170/4 | - | - | - | €2.01M | €1.61M | ▼ 20.0% |
| Credit institutions173 | - | - | - | €2.01M | €1.61M | ▼ 20.0% |
| Amounts payable within one year42/48 | €13.14M | €12.94M | €15.68M | €13.33M | €11.49M | ▼ 13.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €402k | €402k | = |
| Financial debts43 | - | - | - | €50k | - | - |
| Credit institutions430/8 | - | - | - | €50k | - | - |
| Trade debts44 | €603k | €108k | €186k | €195k | €15k | ▼ 92.5% |
| Suppliers440/4 | - | - | - | €195k | €15k | ▼ 92.5% |
| Taxes, remuneration and social security45 | - | - | - | €280k | €564 | ▼ 99.8% |
| Remuneration and social security454/9 | - | - | - | €280k | €564 | ▼ 99.8% |
| Other amounts payable47/48 | - | - | - | €12.40M | €11.07M | ▼ 10.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.82M | €2.55M | €2.32M | €2.87M | €2.05M | ▼ 28.6% |
| + Depreciation and write-downs630 | €96k | €20k | €17k | €39k | €17k | ▼ 55.3% |
| Operating cash flow (approximation) | €1.92M | €2.57M | €2.33M | €2.91M | €2.06M | ▼ 29.0% |
| Investment in fixed assets (approximation) | - | €-37k | €-46k | €-167k | €195k | ▲ 216% |
| Change in cash | - | €-15k | €-5k | €-2k | €-14k | ▼ 584% |
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
2023
22-11
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
24-11
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
18-05
State Gazette act
General meeting · Reserve release
Name change · Purpose change
02-02
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
2021
31-12
Financial
Highest result since 2018net €2.87M ▲23.7%
Net result €2.87M, the highest in the series.
31-12
Financial
Equity above €5MEq €5.93M ▲93.7%
4 profitable years in a row build equity to €5.93M.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
10-02
State Gazette act
General meeting · Director resignation
Director discharge · Permanent representative
10-02
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
2020
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
07-02
State Gazette act
General meeting · Statutes amendment
Capital · Corporate purpose
2019
31-12
Financial
Equity above €5MEq €5.61M ▲14.9%
2 profitable years in a row build equity to €5.61M.
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
09-11
State Gazette act
Board meeting · Director appointment
Permanent representative · Power of attorney
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
16-05
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2016
08-07
State Gazette act
General meeting · Director appointment
Director reappointment · Permanent representative
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
06-10
NBB filing
Annual accounts filed
fiscal year 2014 · consolidated · 48 days late
17-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 48 days late
07-08
State Gazette act
General meeting · Director reappointment
Permanent representative
2007
07-05
State Gazette act
Board meeting · General meeting
Director resignation · Director appointment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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Structure & network
Connections & network
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Ownership & control
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