Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2021 and 2022.
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Tight liquidity NBB
Cash and receivables cover 26 % of short-term debt in 2022; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2022
Cardionics-Cigass Systems from Sint-Jans-Molenbeek, company number BE0406714070, closed financial year 2022 with a result of € -189,265 after tax. For that financial year Cardionics-Cigass Systems recorded a gross margin of € 329,978 and equity of € 37,002. Compared with financial year 2021, the result moved from € -79,507 to € -189,265. The company made a loss. The buffer shrank hard: equity is 84 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 20, 2023.
€ 37,002
▼ 84% vs 2021
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -189,265
▼ 138 % more loss than in 2021
Profit after tax over the fiscal year.
€ 13,840
▲ 11% vs 2021
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -260,470.
People and assets in 2022
6
Average over the fiscal year, from the social balance sheet.
€ 337,785
▲ 35% vs 2021
€ 56,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 5,223
▲ 48% vs 2021
Book value of vehicles, furniture and equipment.
Debts at end 2022
€ 21,381
▼ 54% vs 2021
€ 20,244 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 103,610
▲ 50% vs 2021
Supplier invoices still open on the last day of the fiscal year.
€ 154,071
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | Change 2021 → 2022 | |
|---|---|---|---|
| Gross margin | € 365,320 | € 329,978 | ▼ 10% |
| Profit after taxes | € -79,507 | € -189,265 | ▼ € 109,758 |
| Equity | € 226,267 | € 37,002 | ▼ 84% |
| Total debts | € 638,061 | € 628,882 | ▼ 1% |
| Cash | € 12,452 | € 13,840 | ▲ 11% |
| Retained profit | € -71,205 | € -260,470 | ▼ € 189,265 |
| Bank debt | € 46,515 | € 21,381 | ▼ 54% |
| Balance sheet total | € 864,328 | € 665,884 | ▼ 23% |
| Employees (FTE) | 6 | 6 |
Key figures of Cardionics-Cigass Systems, fiscal years 2021 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 31 July 2024.
What happened to Cardionics-Cigass Systems?
What happened at Cardionics-Cigass Systems in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
Cardionics-Cigass Systems is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2022: loss of € 189,265. filed late Source: NBB ↗
- Bernard Graux stepped down as director. NBB
- CARDIONICS INVEST stepped down as director. NBB
- Bernard Graux became a director. NBB
- CARDIONICS INVEST became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Sint-Jans-Molenbeek. KBO
In short
From € 79,507 loss in 2021 to € 189,265 loss in 2022.
Paid € 1,829 in corporate taxes since 2021.
On average € 55,000 of value added per employee in 2022.
Management
Directors
According to the 2022 annual accounts
Bernard Graux
Director
since 2017 · until 2023
Managing director · represented by BERNARD GRAUX
since 2017 · until 2023
Establishments
Establishment units
Physical locations of this company
Gabrielle Petitstraat 4 box 2
1080 Sint-Jans-Molenbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0406.714.070
- VAT number
- BE 0406.714.070
- Registered office
- Gabrielle Petitstraat 4 bus 2, 1080 Sint-Jans-Molenbeek
- Names & denominations
- Cardionics-Cigass Systems · CARDIONICS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 30 April 1969
- Peppol
- Not registered
- Activities · NACE
Vervaardiging van bestralingsapparatuur en van elektromedische en elektrotherapeutische apparatuur
Vervaardiging van medische en tandheelkundige instrumenten en benodigdheden
Ontwerpen van computerprogramma’s
Ontwerpen en programmeren van computerprogramma's