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2THEPOINT

Dissolved and wound up on 23-12-2021 KBO/BCE: BE 0477.520.013
2THEPOINT
Financial year 2020
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Annual accounts 2020

micro format, filed on 28-10-2021, 89 days late
Gross margin
€71,743
▼ 37.7%
Operating result
-€66,124
▼ €138,687
Loss
-€59,536
▼ €121,164
Working capital
€112,541
▲ 45.7%
Solvency
77.2%
▲ 0.8 percentage points
Current ratio
4.28
▲ 0.19

Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €220,000. Estimated: probably between €140,000 and €370,000.

Balance sheet

balance sheet total €150,380 on 31-12-2020
What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Staff

Staff cost per FTE

Staff costs divided by the average number of full-time equivalents.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20202019201820172016201520142013201220112010200920082007
Balance sheet: assets
Total assets20/58 150,380229,841253,655266,253209,962177,979168,936208,558144,504126,95480,708105,758123,708138,151
Fixed assets21/28 3,562127,644158,238119,569110,41697,84995,192110,54060,15872,75657,73870,09823,99134,146
Intangible fixed assets21 -1,8482,8303,8111,1072,099288345402460518---
Tangible fixed assets22/27 3,537125,771155,383115,733109,28495,75194,905110,19559,75572,29657,22070,09823,99134,146
Plant, machinery and equipment23 3,0003,7495,1034,5407201543071426191,2821,945---
Furniture and vehicles24 53736,73857,52840,00330,90614,90829,28540,15852,81866,56854,48869,18922,96132,977
Other tangible fixed assets26 -85,28492,75271,19077,65880,68965,31369,8956,3184,4477889091,0301,169
Financial fixed assets28 2525252525---------
Current assets29/58 146,818102,19895,417146,68499,54680,12973,74398,01984,34654,19822,97035,66099,718104,005
Amounts receivable within one year40/41 116,19589,26174,97993,27049,60440,68541,32550,42849,33837,91812,28815,88937,44449,528
Trade receivables40 2,02128,35072,87088,29626,39218,02035,88550,42848,57033,1622,2883,7575,07236,612
Other amounts receivable41 114,17460,9122,1094,97423,21322,6655,439-7684,75610,00012,13232,37212,916
Cash at bank and in hand54/58 22,4018,82520,43953,41449,94239,40132,41945,86331,98315,2817,42516,56660,05053,061
Deferred charges and accrued income490/1 8,2214,112---43-1,7283,0259983,2573,2052,2231,415
Balance sheet: equity and liabilities
Total equity and liabilities10/49 150,380229,841253,655266,253209,962177,979168,936208,558144,504126,95480,708105,758123,708138,151
Equity10/15 116,103175,639114,011102,467100,90297,55580,483121,50161,45419,783-7,89742,77629,173117,791
Contributions10/11 40,00040,00040,00040,00040,00040,00040,00040,00040,00040,00018,75018,75018,75018,750
Issued capital100 -40,00040,00040,00040,00040,00040,00040,00040,00040,00018,75018,75018,75018,750
Reserves13 76,103135,63945,19145,19145,19145,19130,19111,20911,2099,0849,0849,0849,0849,084
Non-distributable reserves130/1 4,000-------------
Legal reserve130 -4,0004,0004,0004,0004,0004,0004,0004,0001,8751,8751,8751,8751,875
Reserves not available under the articles1311 4,000-------------
Tax-exempt reserves132 7,2097,2097,2097,2097,2097,2097,2097,2097,2097,2097,2097,2097,2097,209
Distributable reserves133 64,894124,43033,98233,98233,98233,98218,982-------
Profit (loss) carried forward14 --28,82017,27615,71112,36410,29270,29210,245-29,302-35,73214,9411,33889,957
Amounts payable17/49 34,27754,202139,644163,786109,06080,42488,45387,05783,050107,17188,60562,98294,53520,359
Amounts payable after more than one year17 -29,2548,4388,43810,60410,60418,78936,71729,50040,00024,52934,387--
Financial debts170/4 -29,2548,4388,43810,60410,60418,78936,71729,50040,00024,52934,387--
Amounts payable within one year42/48 34,27724,948116,176155,34898,45665,21065,05545,73150,12560,31863,92828,52294,29519,897
Current portion of amounts payable after more than one year42 -9,74276,0369,7509,7508,1857,9297,681--9,85810,264-10,779
Trade debts44 18,4084729,836118,60778,88051,37021,0921,2849,4213,8231,3494,3783,9253,766
Suppliers440/4 18,4084729,836118,60778,88051,37021,0921,2849,4213,8231,3494,3783,9253,766
Taxes, remuneration and social security45 15,86915,1598,86226,9929,8275,65631,07028,41133,6123,5699,7947,8387,6214,953
Taxes450/3 15,86915,1598,86226,9929,8275,65631,07028,41133,6123,5696,0327,8387,6214,953
Remuneration and social security454/9 ----------3,763---
Other amounts payable47/48 --1,442---4,9638,3557,09252,92642,9266,04282,749399
Accrued charges and deferred income492/3 --15,030--4,6104,6104,6103,4256,85314873240463
Income statement
Non-recurring operating income76A -913---7,356-1,2301,2268,2582,21715,0974,6261,203
Gross operating margin9900 71,743115,07476,99739,13446,76739,03273,026117,96986,29936,755-20,93731,7054,89031,634
Remuneration, social security and pensions62 ------45---12,289---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 -39,65229,67825,40121,39416,28125,57723,94217,24016,69016,77716,10214,8676,772
Other operating charges640/8 10,2122,8591,5467912,0878342,1221,7531,8298061,4891,738995315
Non-recurring operating charges66A 127,655------812-15,4111151,888-89
Operating profit (loss)9901 -66,12472,56445,77312,94223,28521,91745,28292,27367,23019,259-51,49313,866-10,97324,547
Financial income75/76B 9,4973,4712843713300301,084305878-981868
Recurring financial income75 9,4973,4712843713300301,084305878-981868
Financial charges65/66B 2,7374,0431,8746486511,2646,7673,5233,6093,9841,3512,605902448
Recurring financial charges65 2,7374,0431,8746486511,2646,7673,5233,6093,9841,3512,605902448
Profit (loss) for the period before taxes9903 -59,36471,99144,18312,29623,34728,30938,54590,25164,8778,181-50,66424,471-6,26926,081
Income taxes67/77 17210,36332,63910,73220,00011,23719,56330,20423,2061,751810,868-7,814
Profit (loss) for the period9904 -59,53661,62811,5441,5653,34717,07218,98260,04741,6716,430-50,67313,603-6,26918,268
Profit (loss) for the period to be appropriated9905 -59,53661,62811,5441,5653,34717,07218,98260,04741,6716,430-50,67313,603-6,26918,268
Appropriation of the result
Profit (loss) to be appropriated9906 -59,53690,44828,82017,27615,71127,36489,27370,29212,370-29,302-35,73214,94183,68889,957
Transfer from equity791/2 59,536-------------
Transfer to equity691/2 -90,448---15,00018,982-2,125-----
To the legal reserve6920 --------2,125-----
To other reserves6921 -90,448---15,00018,982-------
Profit to be distributed694/7 ------60,000-----82,350-
Return on contributions (dividend)694 ------60,000-----82,350-
Social balance sheet
Average staff (FTE)9087 ----------0.2---
Hours worked1013 ----------433---
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The accounts for 5 older financial years (2003-2007) were filed as documents without figures as data, scans for example.

Source: Annual accounts 2020 (PDF), filed on 28-10-2021.

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Filings

each dot is a set of accounts, on the day it reached the National Bank

2020 annual accounts filed 89 days after the deadline. Filed on 28 October 2021, deadline 31 July 2021 (7 months after the close on 31 December 2020, Companies Code art. 3:10). Source: NBB, 2021-74500510.

Financial year Type Filed Reference Document
31-12-2020 micro format 28-10-2021 2021-74500510 PDF
31-12-2019 micro format 30-11-2020 2020-73400044 PDF
31-12-2018 abbreviated format 30-06-2019 2019-25900520 PDF
31-12-2017 abbreviated format 30-07-2018 2018-41500421 PDF
31-12-2016 abbreviated format 30-07-2017 2017-40200194 PDF
31-12-2015 abbreviated format 30-06-2016 2016-28400588 PDF
31-12-2014 abbreviated format 28-08-2015 2015-53500297 PDF
31-12-2013 abbreviated format 31-07-2014 2014-38200135 PDF
31-12-2012 abbreviated format 23-08-2013 2013-46600311 PDF
31-12-2011 abbreviated format 30-08-2012 2012-51900237 PDF
31-12-2010 abbreviated format 28-08-2011 2011-46600211 PDF
31-12-2009 abbreviated format 24-08-2010 2010-44100136 PDF
31-12-2008 abbreviated format 20-08-2009 2009-60100381 PDF
31-12-2007 abbreviated format 28-08-2008 2008-66300234 PDF
30-06-2007 abbreviated format 15-01-2008 2008-01600119 PDF
30-06-2006 abbreviated format 20-12-2006 2006-92403544 PDF
30-06-2005 abbreviated format 16-12-2005 2005-90203671 PDF
30-06-2004 abbreviated format 30-12-2004 2004-90003959 PDF
30-06-2003 abbreviated format 23-12-2003 2003-85700540 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20202019201820172016201520142013201220112010200920082007
EBITDA -112,21675,45138,34344,67938,19870,859116,21584,47035,949-34,71629,9683,89431,319
Cash flow -101,28041,22226,96624,74133,35344,55983,98958,91123,120-33,89529,7048,59925,040
Investment in fixed assets -18,50868,34634,55533,96025,82710,23075,1364,64274,1265,53369,4014,7122,135
Change in cash 13,576-11,613-32,9763,47210,5416,982-13,44413,88016,7027,856-9,140-43,4846,989-
Working capital 112,54177,250-20,759-8,6641,09014,9198,68952,28834,221-6,120-40,9587,1385,42384,108
Solvency 77.2%76.4%44.9%38.5%48.1%54.8%47.6%58.3%42.5%15.6%-9.8%40.4%23.6%85.3%
Current ratio 4.284.100.820.941.011.231.132.141.680.900.361.251.065.23
Debt to equity 0.300.311.221.601.080.821.100.721.355.42-1.473.240.17
ROE -51.3%35.1%10.1%1.5%3.3%17.5%23.6%49.4%67.8%32.5%-31.8%-21.5%15.5%
ROA -39.6%26.8%4.6%0.6%1.6%9.6%11.2%28.8%28.8%5.1%-62.8%12.9%-5.1%13.2%

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on 2THEPOINT

The operating result for 2020 is a loss of €66,124, after a profit of €72,564 in 2019. It is the lowest result since 2007.

Debt's share of the balance-sheet total falls from 23.6% to 22.8%. Equity and debt are lower.

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