3eQual
Open bankruptcyFinancials · financial year 2023, micro format
2023 annual accounts filed late (236 days) Filed on 24 March 2025, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2025-00052710.
Equity
€60,902
2022 · -€35,555
Total assets
€584,321▲ 34.1%
2022 · €435,728
Net result
€96,457
2022 · -€173,011
Working capital
€102,250▲ 765%
2022 · €11,826
Trend over the years
2019 to 2023, 5 financial years
The operating result returns to profit in 2023: €96,963 after a loss of €185,155 in 2022.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€96,963
2023
Net result€96,457
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€584,321
2023
Equity€60,902
2023
Debt€523,418
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€102,250
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)16.5%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency10.4%
2023
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.27
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)1.7
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Operating result-€137,453-€29,377€148,133▲ 404%-€185,155€96,963
Net result-€162,096-€39,895above the sector's middle half€159,657above the sector's middle half▲ 300%-€173,011below the sector's middle half€96,457above the sector's middle half
Equity-€62,096--€22,201below the sector's middle half▲ 64.2%€137,456above the sector's middle half-€35,555below the sector's middle half€60,902within the sector's middle half
Total assets€292,637-€345,011above the sector's middle half▲ 17.9%€640,489above the sector's middle half▲ 85.6%€435,728above the sector's middle half▼ 32.0%€584,321above the sector's middle half▲ 34.1%
Debt€354,733-€367,212▲ 3.5%€503,033▲ 37.0%€471,282▼ 6.3%€523,418▲ 11.1%
Working capital-€13,463-€12,412within the sector's middle half€185,611above the sector's middle half▲ 1,395%€11,826within the sector's middle half▼ 93.6%€102,250above the sector's middle half▲ 765%
Solvency-21.2%--6.4%below the sector's middle half▲ 14.8pp21.5%within the sector's middle half▲ 27.9pp-8.2%below the sector's middle half▼ 29.6pp10.4%within the sector's middle half▲ 18.6pp
Current ratio0.86-1.09within the sector's middle half▲ 0.231.64within the sector's middle half▲ 0.551.04within the sector's middle half▼ 0.601.27within the sector's middle half▲ 0.23
Return on assets (ROA)-55.4%-11.6%within the sector's middle half▲ 67.0pp24.9%above the sector's middle half▲ 13.4pp-39.7%below the sector's middle half▼ 64.6pp16.5%above the sector's middle half▲ 56.2pp
Staff (FTE)0.6-0.7below the sector's middle half▲ 16.7%1.6▲ 129%1.8▲ 12.5%1.7▼ 5.6%
above
within
below
the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €584,321
Fixed assets
€107,637 ▼ 19.7%
Current assets
€476,684 ▲ 58.0%
Equity and liabilities €584,321
Equity
€60,902
Debt
€523,418
Debt finances 89.6% of the balance-sheet total.
Key figures and ratios
EBITDA
€123,974▲
2022 · -€152,760
Cash flow
€123,468▲
2022 · -€140,615
Quick ratio
1.23▲
2022 · 0.83
Debt to equity
8.59
ROE
158.4%
Interest coverage
14.59▲
2022 · -17.33
Debt ≤ 1 year
€374,434▲
2022 · €289,860
Debt > 1 year
€148,984▼
2022 · €181,423
Staff costs
€67,331▼
2022 · €93,936
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €74,164 | €93,936 | €67,331 | ▼ 28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €61,932 | €31,444 | €31,951 | €32,395 | €27,011 | ▼ 16.6% |
| Other operating charges640/8 | - | - | €6,078 | €6,935 | €709 | ▼ 89.8% |
| Gross operating margin9900 | -€21,853 | €97,450 | €260,327 | -€51,889 | €192,014 | - |
| Operating profit (loss)9901 | -€137,453 | €29,377 | €148,133 | -€185,155 | €96,963 | - |
| Financial income75/76B | - | - | €26,787 | €21,091 | €7,993 | ▼ 62.1% |
| Recurring financial income75 | €1,782 | €22,615 | €26,787 | €21,091 | €7,993 | ▼ 62.1% |
| Financial charges65/66B | - | - | €11,439 | €8,813 | €8,499 | ▼ 3.6% |
| Recurring financial charges65 | €25,993 | €11,993 | €11,439 | €8,813 | €8,499 | ▼ 3.6% |
| Profit (loss) for the period before taxes9903 | -€161,664 | €39,999 | €163,481 | -€172,878 | €96,457 | - |
| Income taxes67/77 | €432 | €104 | €3,823 | €133 | - | - |
| Profit (loss) for the period9904 | -€162,096 | €39,895 | €159,657 | -€173,011 | €96,457 | - |
| Profit (loss) for the period to be appropriated9905 | -€162,418 | €39,895 | €159,657 | -€173,011 | €96,457 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €292,637 | €345,011 | €640,489 | €435,728 | €584,321 | ▲ 34.1% |
| Fixed assets21/28 | €209,845 | €193,720 | €164,770 | €134,042 | €107,637 | ▼ 19.7% |
| Intangible fixed assets21 | €13,800 | €9,200 | €4,600 | - | - | - |
| Tangible fixed assets22/27 | €183,445 | €159,320 | €134,663 | €108,535 | €82,130 | ▼ 24.3% |
| Plant, machinery and equipment23 | - | - | €10,732 | €9,779 | €7,321 | ▼ 25.1% |
| Furniture and vehicles24 | - | - | €3,400 | €2,331 | €2,490 | ▲ 6.8% |
| Other tangible fixed assets26 | - | - | €120,531 | €96,425 | €72,319 | ▼ 25.0% |
| Financial fixed assets28 | €12,600 | €25,200 | €25,507 | €25,507 | €25,507 | = |
| Current assets29/58 | €82,791 | €151,292 | €475,719 | €301,685 | €476,684 | ▲ 58.0% |
| Stocks and contracts in progress3 | €6,258 | €22,249 | €65,900 | €62,038 | €15,851 | ▼ 74.5% |
| Stocks30/36 | - | - | €65,900 | €62,038 | €15,851 | ▼ 74.5% |
| Amounts receivable within one year40/41 | €76,022 | €28,670 | €316,724 | €226,974 | €455,342 | ▲ 101% |
| Trade receivables40 | - | - | €289,096 | €211,190 | €440,811 | ▲ 109% |
| Other amounts receivable41 | - | - | €27,628 | €15,783 | €14,531 | ▼ 7.9% |
| Cash at bank and in hand54/58 | €511 | €100,373 | €90,707 | €10,460 | €5,466 | ▼ 47.7% |
| Deferred charges and accrued income490/1 | - | - | €2,388 | €2,214 | €25 | ▼ 98.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €292,637 | €345,011 | €640,489 | €435,728 | €584,321 | ▲ 34.1% |
| Equity10/15 | -€62,096 | -€22,201 | €137,456 | -€35,555 | €60,902 | - |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | - | - | €100,000 | €100,000 | - | - |
| Issued capital100 | - | - | €100,000 | €100,000 | - | - |
| Reserves13 | €321 | €321 | €37,456 | €37,456 | €37,456 | = |
| Tax-exempt reserves132 | - | - | €321 | €321 | €321 | = |
| Distributable reserves133 | - | - | €37,135 | €37,135 | €37,135 | = |
| Profit (loss) carried forward14 | -€162,418 | -€122,522 | - | -€173,011 | -€76,554 | ▲ 55.8% |
| Amounts payable17/49 | €354,733 | €367,212 | €503,033 | €471,282 | €523,418 | ▲ 11.1% |
| Amounts payable after more than one year17 | €258,479 | €228,332 | €212,924 | €181,423 | €148,984 | ▼ 17.9% |
| Financial debts170/4 | - | - | €212,924 | €181,423 | €148,984 | ▼ 17.9% |
| Amounts payable within one year42/48 | €96,255 | €138,880 | €290,108 | €289,860 | €374,434 | ▲ 29.2% |
| Current portion of amounts payable after more than one year42 | - | - | €37,092 | €38,002 | €38,939 | ▲ 2.5% |
| Financial debts43 | - | - | €3 | €20 | €24,835 | ▲ 127,192% |
| Credit institutions430/8 | - | - | €3 | €20 | €24,835 | ▲ 127,192% |
| Trade debts44 | €7,925 | €34,983 | €181,249 | €136,049 | €144,526 | ▲ 6.2% |
| Suppliers440/4 | - | - | €181,249 | €136,049 | €144,526 | ▲ 6.2% |
| Taxes, remuneration and social security45 | - | - | €49,197 | €30,528 | €26,827 | ▼ 12.1% |
| Taxes450/3 | - | - | €36,336 | €19,196 | €13,902 | ▼ 27.6% |
| Remuneration and social security454/9 | - | - | €12,861 | €11,332 | €12,925 | ▲ 14.1% |
| Other amounts payable47/48 | - | - | €22,568 | €85,261 | €139,308 | ▲ 63.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€162,096 | €39,895 | €159,657 | -€173,011 | €96,457 | - |
| + Depreciation and write-downs630 | €61,932 | €31,444 | €31,951 | €32,395 | €27,011 | ▼ 16.6% |
| Operating cash flow (approximation) | -€100,164 | €71,340 | €191,608 | -€140,615 | €123,468 | - |
| Investment in fixed assets (approximation) | - | -€15,318 | -€3,001 | -€1,668 | -€605 | ▲ 63.7% |
| Change in cash | - | €99,863 | -€9,667 | -€80,247 | -€4,994 | ▲ 93.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | micro format | 24-03-2025 | 2025-00052710 |
| 31-12-2022 | micro format | 29-12-2023 | 2023-00539364 |
| 31-12-2021 | micro format | 30-12-2022 | 2023-20551563 |
| 31-12-2020 | micro format | 08-12-2021 | 2021-79800030 |
| 31-12-2019 | micro format | 31-12-2020 | 2020-77900279 |
Similar companies · same sector, comparable size
Guney Afwerkingsbedrijf
BE 0845.644.119
Houthalen-Helchteren · equity €60,778
VIAPORTMEUBEL
BE 0649.702.436
Lokeren · equity €60,385
BMGV INVEST
BE 0734.691.064
Grâce-Hollogne · equity €61,807
MAUDEL CONCEPT
BE 0627.622.563
Orp-Jauche · equity €60,000
KEUKENEXPO
BE 0871.414.148
Bierbeek · equity €59,982
Of the 2,561 active companies whose main activity is retail sale of household furniture (NACE 47551), figures are known for 1,702. 1,228 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.