AA TECHNIQUE
Open bankruptcyFinancials · financial year 2021, full format
Turnover
€877,532▲ 21.8%
2020 · €720,519
EBIT margin
-3.7%▼ 2.2pp
2020 · -1.5%
Net result
-€51,204▼ 90.2%
2020 · -€26,920
Working capital
€69,473▼ 36.3%
2020 · €109,127
Trend over the years
2018 to 2021, 4 financial years 2018 to 2021, 4 financial years
The operating result stays negative: a loss of €32,515 in 2021 against €11,016 in 2020; the loss grows and 2021 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€0.9m
2021
Operating result-€0.03m
2021
Net result-€0.05m
2021
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.3m
2021
Equity€0.09m
2021
Debt€0.2m
2021
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.07m
2021
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin-3.7%
2021
Return on assets (ROA)-17.1%
2021
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency28.6%
2021
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.33
2021
Average staff in full-time equivalents (FTE).
Staff (FTE)25.7
2021
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 82, Office administrative, office support and other business support activities: 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
Line2018201920202021
Turnover€0.6m-€1.7m▲ 194%€0.7m▼ 56.4%€0.9m▲ 21.8%
Operating result€0.03m-€0.2m▲ 395%-€0.01m-€0.03m▼ 195%
Net result€0.03m-€0.1m▲ 287%-€0.03mbelow the sector's middle half-€0.05mbelow the sector's middle half▼ 90.2%
EBIT margin5.8%-9.8%▲ 4.0pp-1.5%▼ 11.3pp-3.7%▼ 2.2pp
Equity€0.04m-€0.2m▲ 258%€0.1mwithin the sector's middle half▼ 17.8%€0.09mwithin the sector's middle half▼ 31.3%
Total assets€0.2m-€0.7m▲ 233%€0.3mbelow the sector's middle half▼ 57.3%€0.3mbelow the sector's middle half▲ 2.7%
Debt€0.2m-€0.5m▲ 226%€0.2m▼ 68.6%€0.2m▲ 27.9%
Working capital€0.01m-€0.1m▲ 13×€0.1mwithin the sector's middle half▼ 15.7%€0.07mwithin the sector's middle half▼ 36.3%
Solvency20.6%-22.2%▲ 1.6pp42.7%within the sector's middle half▲ 20.5pp28.6%within the sector's middle half▼ 14.1pp
Current ratio1.06-1.24▲ 0.181.65within the sector's middle half▲ 0.411.33within the sector's middle half▼ 0.33
Return on assets (ROA)13.7%-16.0%▲ 2.2pp-9.3%below the sector's middle half▼ 25.2pp-17.1%below the sector's middle half▼ 7.9pp
Staff (FTE)8.6-17.8▲ 107%25.3above the sector's middle half▲ 42.1%25.7above the sector's middle half▲ 1.6%
above
within
below
the middle half of NACE 82, Office administrative, office support and other business support activities: 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.
Why a figure moved sharply
- 2019 Turnover +194%, Staff (FTE) +107% on 2018. The accounts now follow the full format, last year the micro format.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €298,805
Fixed assets
€15,977 ▲ 5.6%
Current assets
€282,829 ▲ 2.5%
Equity and liabilities €298,805
Equity
€85,340 ▼ 31.3%
Debt
€213,465 ▲ 27.9%
Debt's share of the balance-sheet total rises from 57.3% to 71.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€26,918▼
2020 · €7,979
Cash flow
-€45,606▼
2020 · -€7,925
Quick ratio
1.11▼
2020 · 1.62
Debt to equity
2.50
ROE
-60.0%▼
2020 · -21.7%
Interest coverage
-2.36
Debt ≤ 1 year
€213,355▲
2020 · €166,735
Income taxes
€10,379▲
2020 · €2,244
Staff costs
€364,651
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 | Change |
|---|---|---|---|---|---|
| Turnover70 | €0.6m | €1.7m | €0.7m | €0.9m | ▲ 21.8% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €0.5m | - |
| Remuneration, social security and pensions62 | - | - | - | €0.4m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.02m | €0.02m | €0.02m | €0.006m | ▼ 70.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.008m | - |
| Other operating charges640/8 | - | - | - | €50 | - |
| Gross operating margin9900 | €0.3m | €1.0m | €0.3m | €0.3m | ▲ 3.2% |
| Operating profit (loss)9901 | €0.03m | €0.2m | -€0.01m | -€0.03m | ▼ 195% |
| Financial income75/76B | - | - | - | €0.003m | - |
| Recurring financial income75 | - | €0 | €0.003m | €0.003m | ▼ 9.0% |
| Financial charges65/66B | - | - | - | €0.01m | - |
| Recurring financial charges65 | €0.004m | €0.02m | €0.02m | €0.01m | ▼ 33.1% |
| Profit (loss) for the period before taxes9903 | €0.03m | €0.1m | -€0.02m | -€0.04m | ▼ 65.4% |
| Income taxes67/77 | €0.001m | €0.03m | €0.002m | €0.01m | ▲ 362% |
| Profit (loss) for the period9904 | €0.03m | €0.1m | -€0.03m | -€0.05m | ▼ 90.2% |
| Profit (loss) for the period to be appropriated9905 | €0.03m | €0.1m | -€0.03m | -€0.05m | ▼ 90.2% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €204,826 | €681,905 | €290,989 | €298,805 | ▲ 2.7% |
| Fixed assets21/28 | €32,308 | €21,649 | €15,127 | €15,977 | ▲ 5.6% |
| Tangible fixed assets22/27 | €30,459 | €19,800 | €13,278 | €11,028 | ▼ 16.9% |
| Plant, machinery and equipment23 | - | - | - | €1,815 | - |
| Furniture and vehicles24 | - | - | - | €9,213 | - |
| Financial fixed assets28 | €1,849 | €1,849 | €1,849 | €4,949 | ▲ 168% |
| Current assets29/58 | €172,519 | €660,256 | €275,862 | €282,829 | ▲ 2.5% |
| Amounts receivable after more than one year29 | - | - | - | €73,625 | - |
| Other amounts receivable291 | - | - | - | €73,625 | - |
| Stocks and contracts in progress3 | - | €7,500 | €6,281 | €46,228 | ▲ 636% |
| Stocks30/36 | - | - | - | €6,946 | - |
| Contracts in progress37 | - | - | - | €39,282 | - |
| Amounts receivable within one year40/41 | €115,672 | €558,963 | €129,325 | €152,134 | ▲ 17.6% |
| Trade receivables40 | - | - | - | €143,029 | - |
| Other amounts receivable41 | - | - | - | €9,105 | - |
| Cash at bank and in hand54/58 | €49,133 | - | €26,547 | €8,900 | ▼ 66.5% |
| Deferred charges and accrued income490/1 | - | - | - | €1,942 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €204,826 | €681,905 | €290,989 | €298,805 | ▲ 2.7% |
| Equity10/15 | €42,158 | €151,064 | €124,144 | €85,340 | ▼ 31.3% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €18,600 | ▲ 200% |
| Capital10 | - | - | - | €18,600 | - |
| Issued capital100 | - | - | - | €18,600 | - |
| Reserves13 | - | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Legal reserve130 | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | €35,958 | €143,004 | €116,084 | €64,880 | ▼ 44.1% |
| Amounts payable17/49 | €162,668 | €530,840 | €166,845 | €213,465 | ▲ 27.9% |
| Amounts payable within one year42/48 | €162,668 | €530,840 | €166,735 | €213,355 | ▲ 28.0% |
| Trade debts44 | €135,118 | €153,970 | €68,365 | €108,301 | ▲ 58.4% |
| Suppliers440/4 | - | - | - | €108,301 | - |
| Taxes, remuneration and social security45 | - | - | - | €98,307 | - |
| Taxes450/3 | - | - | - | €93,017 | - |
| Remuneration and social security454/9 | - | - | - | €5,289 | - |
| Other amounts payable47/48 | - | - | - | €6,748 | - |
| Accrued charges and deferred income492/3 | - | - | - | €110 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,120 | €108,906 | -€26,920 | -€51,204 | ▼ 90.2% |
| + Depreciation and write-downs630 | €15,081 | €16,742 | €18,995 | €5,598 | ▼ 70.5% |
| Operating cash flow (approximation) | €43,201 | €125,648 | -€7,925 | -€45,606 | ▼ 475% |
| Investment in fixed assets (approximation) | - | -€6,083 | -€12,474 | -€6,448 | ▲ 48.3% |
| Change in cash | - | - | - | -€17,647 | - |
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 (6)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2021 | full format | 27-06-2022 | 2022-20103757 |
| 31-12-2020 | full format | 21-06-2021 | 2021-25000269 |
| 31-12-2019 | full format | 26-08-2020 | 2020-45400227 |
| 31-12-2018 | micro format | 06-07-2019 | 2019-30500289 |
| 31-12-2017 | micro format | 04-07-2018 | 2018-28900264 |
| 31-12-2016 | micro format | 14-08-2017 | 2017-44600273 |
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Of the 24,204 active companies whose main activity is other business support services (NACE 82990), figures are known for 9,752. 7,430 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.