34A
InactiveFinancials · financial year 2020, micro format
Annual accounts 2020 filed on 01-07-2021 PDF all 3 filings
Turnover
≈ €490,000
Estimated: probably between €320,000 and €750,000
Total assets
€918,788▲ 15.8%
2019 · €793,294
Net result
€73,794▲ 45.6%
2019 · €50,698
Working capital
-€43,807▲ 71.9%
2019 · -€155,642
Multi-year overview
2018 to 2020, 3 financial yearsOperating result
€109,080
▲ 27.9%
2020
20182020
Net result
€73,794
▲ 45.6%
2020
20182020
Equity
€157,780
▲ 93.7%
2020
20182020
Total assets
€918,788
▲ 15.8%
2020
20182020
Debt
€761,008
▲ 6.9%
2020
20182020
Working capital
-€43,807
▲ 71.9%
2020
20182020
Staff (FTE)
no figure
2020
20182020
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020
Operating result€28,267-€85,296▲ 202%€109,080▲ 27.9%
Net result€14,738-€50,698▲ 244%€73,794▲ 45.6%
Equity€30,738-€81,436▲ 165%€157,780▲ 93.7%
Total assets€827,985-€793,294▼ 4.2%€918,788▲ 15.8%
Debt€797,247-€711,859▼ 10.7%€761,008▲ 6.9%
Working capital-€231,283--€155,642▲ 32.7%-€43,807▲ 71.9%
Staff (FTE)2.4
The operating result for 2020 is 28% higher than in 2019 and the highest since 2018. It is the second rise in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €918,788
Fixed assets
€525,519 ▼ 13.8%
Current assets
€393,269 ▲ 114%
Equity and liabilities €918,788
Equity
€157,780 ▲ 93.7%
Debt
€761,008 ▲ 6.9%
Debt's share of the balance-sheet total falls from 89.7% to 82.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€190,995▲
2019 · €170,069
Cash flow
€155,709▲
2019 · €135,471
Current ratio
0.90▲
2019 · 0.54
Debt to equity
2.04▼
2019 · 4.55
ROE
46.8%▼
2019 · 62.3%
ROA
8.0%▲
2019 · 6.4%
Debt ≤ 1 year
€437,076▲
2019 · €339,622
Debt > 1 year
€321,877▼
2019 · €370,183
Income taxes
€27,984▲
2019 · €26,434
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €73,298 | €84,773 | €81,915 | ▼ 3.4% |
| Gross operating margin9900 | €104,506 | €301,015 | €193,990 | ▼ 35.6% |
| Operating profit (loss)9901 | €28,267 | €85,296 | €109,080 | ▲ 27.9% |
| Recurring financial income75 | - | €202 | €1 | ▼ 99.5% |
| Recurring financial charges65 | €4,496 | €8,366 | €7,302 | ▼ 12.7% |
| Profit (loss) for the period before taxes9903 | €23,771 | €77,132 | €101,778 | ▲ 32.0% |
| Income taxes67/77 | €9,033 | €26,434 | €27,984 | ▲ 5.9% |
| Profit (loss) for the period9904 | €14,738 | €50,698 | €73,794 | ▲ 45.6% |
| Profit (loss) for the period to be appropriated9905 | €14,738 | €50,698 | €73,794 | ▲ 45.6% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €827,985 | €793,294 | €918,788 | ▲ 15.8% |
| Formation expenses20 | €176 | - | - | - |
| Fixed assets21/28 | €685,911 | €609,315 | €525,519 | ▼ 13.8% |
| Intangible fixed assets21 | €665,959 | €592,977 | €519,995 | ▼ 12.3% |
| Tangible fixed assets22/27 | €19,952 | €16,338 | €5,524 | ▼ 66.2% |
| Current assets29/58 | €141,898 | €183,979 | €393,269 | ▲ 114% |
| Amounts receivable within one year40/41 | - | €6,742 | €7,487 | ▲ 11.0% |
| Cash at bank and in hand54/58 | €51,372 | €83,651 | €295,954 | ▲ 254% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €827,985 | €793,294 | €918,788 | ▲ 15.8% |
| Equity10/15 | €30,738 | €81,436 | €157,780 | ▲ 93.7% |
| Contributions10/11 | €16,000 | €16,000 | - | - |
| Reserves13 | €1,855 | €1,855 | €1,855 | = |
| Profit (loss) carried forward14 | €12,883 | €63,581 | €137,375 | ▲ 116% |
| Amounts payable17/49 | €797,247 | €711,859 | €761,008 | ▲ 6.9% |
| Amounts payable after more than one year17 | €422,012 | €370,183 | €321,877 | ▼ 13.0% |
| Amounts payable within one year42/48 | €373,181 | €339,622 | €437,076 | ▲ 28.7% |
| Trade debts44 | €19,253 | €4,988 | €8,232 | ▲ 65.1% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,738 | €50,698 | €73,794 | ▲ 45.6% |
| + Depreciation and write-downs630 | €73,298 | €84,773 | €81,915 | ▼ 3.4% |
| Operating cash flow (approximation) | €88,036 | €135,471 | €155,709 | ▲ 14.9% |
| Investment in fixed assets (approximation) | - | -€8,177 | €1,881 | - |
| Change in cash | - | €32,279 | €212,303 | ▲ 558% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.