A.E.M.
Open bankruptcyFinancials · financial year 2023, micro format
2023 annual accounts filed 30 days after the deadline Filed on 30 August 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00456418.
Annual accounts 2023 filed on 30-08-2024 PDF all 31 filings
Turnover
≈ €410,000
Estimated: probably between €230,000 and €700,000
Total assets
€26,120▲ 31.8%
2022 · €19,824
Net result
€52,639▲ 87.7%
2022 · €28,046
Working capital
€6,527
2022 · -€46,112
Multi-year overview
2018 to 2023, 6 financial yearsOperating result
€53,232
▲ 72.3%
2023
20182023
Net result
€52,639
▲ 87.7%
2023
highest quarter of the sector
20182023
Equity
€6,527
2023
middle half of the sector
20182023
Total assets
€26,120
▲ 31.8%
2023
lowest quarter of the sector
20182023
Debt
€19,593
▼ 70.3%
2023
20182023
Working capital
€6,527
2023
middle half of the sector
20182023
Solvency
25.0%
▲ 257.6pp
2023
middle half of the sector
20182023
Current ratio
1.33
▲ 1.03
2023
middle half of the sector
20182023
Return on assets (ROA)
201.5%
▲ 60.1pp
2023
highest quarter of the sector
20182023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result€58--€5,059-€172▲ 96.6%-€10,367▼ 5,944%€30,894€53,232▲ 72.3%
Net result-€45--€5,325▼ 11,754%-€298within the sector's middle half▲ 94.4%-€12,464below the sector's middle half▼ 4,085%€28,046above the sector's middle half€52,639above the sector's middle half▲ 87.7%
Equity-€56,071--€61,396▼ 9.5%-€61,694below the sector's middle half▼ 0.5%-€74,158below the sector's middle half▼ 20.2%-€46,112below the sector's middle half▲ 37.8%€6,527within the sector's middle half
Total assets€16,552-€8,778▼ 47.0%€7,145below the sector's middle half▼ 18.6%€3,549below the sector's middle half▼ 50.3%€19,824below the sector's middle half▲ 459%€26,120below the sector's middle half▲ 31.8%
Debt€72,623-€70,174▼ 3.4%€68,838▼ 1.9%€77,707▲ 12.9%€65,937▼ 15.1%€19,593▼ 70.3%
Working capital-€61,336--€65,642▼ 7.0%-€65,214below the sector's middle half▲ 0.7%-€76,952below the sector's middle half▼ 18.0%-€46,112below the sector's middle half▲ 40.1%€6,527within the sector's middle half
Solvency-338.8%--699.4%▼ 360.7pp-863.5%below the sector's middle half▼ 164.1pp-232.6%below the sector's middle half25.0%within the sector's middle half▲ 257.6pp
Current ratio0.16-0.06▼ 0.090.05below the sector's middle half▼ 0.010.30below the sector's middle half1.33within the sector's middle half▲ 1.03
Return on assets (ROA)-0.3%--60.7%▼ 60.4pp-4.2%below the sector's middle half▲ 56.5pp141.5%above the sector's middle half201.5%above the sector's middle half▲ 60.1pp
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2023 is 72% higher than in 2022 and the highest since 2019. It is the second rise in a row, after the fall in 2021.
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
Equity and liabilities €26,120
Equity
€6,527
Debt
€19,593
Debt's share of the balance-sheet total is 75.0%.
Key figures and ratios
Debt to equity
3.00
ROE
806.5%
Debt ≤ 1 year
€19,593▼
2022 · €65,937
Income taxes
€0▼
2022 · €2,805
Staff costs
€30,200
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | - | €30,200 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,019 | €1,019 | €726 | €726 | €0 | - | - |
| Other operating charges640/8 | - | - | - | €681 | €0 | €1,630 | - |
| Non-recurring operating charges66A | - | - | - | - | €2,544 | €0 | ▼ 100% |
| Gross operating margin9900 | €1,077 | -€4,040 | €555 | -€8,960 | €33,438 | €85,062 | ▲ 154% |
| Operating profit (loss)9901 | €58 | -€5,059 | -€172 | -€10,367 | €30,894 | €53,232 | ▲ 72.3% |
| Financial income75/76B | - | - | - | - | - | €1 | - |
| Recurring financial income75 | - | - | - | - | - | €1 | - |
| Financial charges65/66B | - | - | - | €2,097 | €44 | €594 | ▲ 13× |
| Recurring financial charges65 | €103 | €266 | €126 | €2,097 | €44 | €594 | ▲ 13× |
| Profit (loss) for the period before taxes9903 | -€45 | -€5,325 | -€298 | -€12,464 | €30,850 | €52,639 | ▲ 70.6% |
| Income taxes67/77 | - | - | - | - | €2,805 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€45 | -€5,325 | -€298 | -€12,464 | €28,046 | €52,639 | ▲ 87.7% |
| Profit (loss) for the period to be appropriated9905 | -€45 | -€5,325 | -€298 | -€12,464 | €28,046 | €52,639 | ▲ 87.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €16,552 | €8,778 | €7,145 | €3,549 | €19,824 | €26,120 | ▲ 31.8% |
| Fixed assets21/28 | €5,265 | €4,246 | €3,520 | €2,794 | €0 | - | - |
| Tangible fixed assets22/27 | €5,265 | €4,246 | €3,520 | €2,794 | €0 | - | - |
| Furniture and vehicles24 | - | - | - | €2,280 | €0 | - | - |
| Other tangible fixed assets26 | - | - | - | €514 | €0 | - | - |
| Current assets29/58 | €11,286 | €4,532 | €3,624 | €755 | €19,824 | €26,120 | ▲ 31.8% |
| Stocks and contracts in progress3 | €6,253 | €2,330 | €2,012 | - | - | - | - |
| Amounts receivable within one year40/41 | €4,235 | €1,308 | €1,591 | - | €10,580 | €25,959 | ▲ 145% |
| Trade receivables40 | - | - | - | - | €9,680 | €9,680 | = |
| Other amounts receivable41 | - | - | - | - | €900 | €16,279 | ▲ 18× |
| Cash at bank and in hand54/58 | €798 | €894 | €22 | €755 | €9,244 | €161 | ▼ 98.3% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €16,552 | €8,778 | €7,145 | €3,549 | €19,824 | €26,120 | ▲ 31.8% |
| Equity10/15 | -€56,071 | -€61,396 | -€61,694 | -€74,158 | -€46,112 | €6,527 | - |
| Contributions10/11 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Reserves13 | €24,242 | €24,242 | €24,242 | €1,859 | €29,905 | €29,905 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | €0 | ▼ 100% |
| Distributable reserves133 | - | - | - | - | €28,046 | €29,905 | ▲ 6.6% |
| Profit (loss) carried forward14 | -€86,511 | -€91,835 | -€92,133 | -€82,215 | -€82,215 | -€29,576 | ▲ 64.0% |
| Amounts payable17/49 | €72,623 | €70,174 | €68,838 | €77,707 | €65,937 | €19,593 | ▼ 70.3% |
| Amounts payable within one year42/48 | €72,623 | €70,174 | €68,838 | €77,707 | €65,937 | €19,593 | ▼ 70.3% |
| Trade debts44 | €17,832 | €13,118 | €10,100 | €9,695 | €0 | €2,250 | - |
| Suppliers440/4 | - | - | - | €9,695 | €0 | €2,250 | - |
| Taxes, remuneration and social security45 | - | - | - | - | €8,465 | €17,343 | ▲ 105% |
| Taxes450/3 | - | - | - | - | €8,465 | €13,118 | ▲ 55.0% |
| Remuneration and social security454/9 | - | - | - | - | - | €4,225 | - |
| Other amounts payable47/48 | - | - | - | €68,013 | €57,471 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€45 | -€5,325 | -€298 | -€12,464 | €28,046 | €52,639 | ▲ 87.7% |
| + Depreciation and write-downs630 | €1,019 | €1,019 | €726 | €726 | €0 | - | - |
| Operating cash flow (approximation) | €974 | -€4,306 | €428 | -€11,738 | €28,046 | €52,639 | ▲ 87.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €2,794 | - | - |
| Change in cash | - | €96 | -€872 | €734 | €8,489 | -€9,083 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 31 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | micro format | 30-08-2024 | 2024-00456418 | |
| 31-12-2022 | micro format | 30-08-2024 | 2024-00456422 | |
| 31-12-2021 | micro format | 28-06-2022 | 2022-20099242 | |
| 31-12-2020 | micro format | 26-08-2021 | 2021-54800345 | |
| 31-12-2019 | micro format | 31-08-2020 | 2020-50300170 | |
| 31-12-2018 | micro format | 07-08-2019 | 2019-44500173 | |
| 31-12-2017 | micro format | 30-07-2018 | 2018-40700006 | |
| 31-12-2016 | abbreviated format | 31-07-2017 | 2017-39500084 | |
| 31-12-2015 | abbreviated format | 15-08-2016 | 2016-42700004 | |
| 31-12-2014 | abbreviated format | 30-07-2015 | 2015-37600372 |