ABBD
Open bankruptcyFinancials · financial year 2022, micro format
2022 annual accounts filed 3 days after the deadline Filed on 3 May 2023, deadline 30 April 2023 (7 months after the close on 30 September 2022, Companies Code art. 3:10). Source: NBB, 2023-00080989.
Annual accounts 2022 filed on 03-05-2023 PDF all 3 filings
Turnover
≈ €540,000
Estimated: probably between €400,000 and €660,000
Total assets
€278,701▼ 7.1%
2021 · €300,147
Net result
-€101,851
2021 · €476
Working capital
-€114,825▼ 1,248%
2021 · -€8,517
Multi-year overview
2020 to 2022, 3 financial yearsOperating result
-€95,960
2022
20202022
Net result
-€101,851
2022
lowest quarter of the sector
20202022
Equity
-€28,142
2022
lowest quarter of the sector
20202022
Total assets
€278,701
▼ 7.1%
2022
highest quarter of the sector
20202022
Debt
€306,842
▲ 35.5%
2022
20202022
Working capital
-€114,825
▼ 1,248%
2022
lowest quarter of the sector
20202022
Solvency
-10.1%
▼ 34.7pp
2022
lowest quarter of the sector
20202022
Current ratio
0.56
▼ 0.39
2022
middle half of the sector
20202022
Return on assets (ROA)
-36.5%
▼ 36.7pp
2022
lowest quarter of the sector
20202022
Staff (FTE)
6.2
▼ 15.1%
2022
20202022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022
Operating result€60,648-€8,044▼ 86.7%-€95,960
Net result€53,234above the sector's middle half-€476within the sector's middle half▼ 99.1%-€101,851below the sector's middle half
Equity€73,234above the sector's middle half-€73,709within the sector's middle half▲ 0.6%-€28,142below the sector's middle half
Total assets€227,239above the sector's middle half-€300,147above the sector's middle half▲ 32.1%€278,701above the sector's middle half▼ 7.1%
Debt€154,005-€226,438▲ 47.0%€306,842▲ 35.5%
Working capital€13,858within the sector's middle half--€8,517within the sector's middle half-€114,825below the sector's middle half▼ 1,248%
Solvency32.2%within the sector's middle half-24.6%within the sector's middle half▼ 7.7pp-10.1%below the sector's middle half▼ 34.7pp
Current ratio1.12within the sector's middle half-0.96within the sector's middle half▼ 0.170.56within the sector's middle half▼ 0.39
Return on assets (ROA)23.4%above the sector's middle half-0.2%within the sector's middle half▼ 23.3pp-36.5%below the sector's middle half▼ 36.7pp
Staff (FTE)5.1above the sector's middle half-7.3▲ 43.1%6.2▼ 15.1%
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). 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 2022 is a loss of €95,960, after a profit of €8,044 in 2021. It is the lowest result since 2020.
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
2022 in colour, 2021 as the grey bar beneath
Assets €278,701
Fixed assets
€131,047 ▲ 15.7%
Current assets
€147,654 ▼ 21.0%
Equity and liabilities
Equity-€28,142
Debt€306,842
Equity is negative. Debt (€306,842) exceeds the balance-sheet total (€278,701).
Key figures and ratios
EBITDA
-€65,348▼
2021 · €26,873
Cash flow
-€71,239▼
2021 · €19,304
Quick ratio
0.51▼
2021 · 0.89
Interest coverage
-10.87▼
2021 · 3.46
Debt ≤ 1 year
€262,479▲
2021 · €195,431
Debt > 1 year
€44,364▲
2021 · €31,007
Staff costs
€232,681▲
2021 · €178,881
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-09-2021 | 30-09-2022 |
|---|---|---|
| Employees at the balance-sheet date | 10 | 5 |
| full-time | 10 | 5 |
| in full-time equivalents | 10 | 5 |
| Average over the year, in full-time equivalents | 7.3 | 6.2 |
| On a permanent contract | 5 | 4 |
| Joined | 66 | 42 |
| Left | 63 | 45 |
| Training hours | 85 | - |
Source: social balance sheet in the 2021 to 2022 annual accounts
Investments
| Item | 30-09-2021 | 30-09-2022 |
|---|---|---|
| Tangible fixed assets | €24,977 | €48,426 |
| Financial fixed assets | €5,250 | - |
| Depreciation and write-downs of the year | €18,828 | €30,612 |
Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €178,881 | €232,681 | ▲ 30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,927 | €18,828 | €30,612 | ▲ 62.6% |
| Other operating charges640/8 | - | €4,616 | €8,182 | ▲ 77.2% |
| Gross operating margin9900 | €241,706 | €210,370 | €175,515 | ▼ 16.6% |
| Operating profit (loss)9901 | €60,648 | €8,044 | -€95,960 | - |
| Financial income75/76B | - | €190 | €120 | ▼ 36.7% |
| Recurring financial income75 | €1,117 | €190 | €120 | ▼ 36.7% |
| Financial charges65/66B | - | €7,759 | €6,012 | ▼ 22.5% |
| Recurring financial charges65 | €2,504 | €7,759 | €6,012 | ▼ 22.5% |
| Profit (loss) for the period before taxes9903 | €59,261 | €476 | -€101,851 | - |
| Income taxes67/77 | €6,027 | - | - | - |
| Profit (loss) for the period9904 | €53,234 | €476 | -€101,851 | - |
| Profit (loss) for the period to be appropriated9905 | €53,234 | €476 | -€101,851 | - |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €227,239 | €300,147 | €278,701 | ▼ 7.1% |
| Fixed assets21/28 | €101,834 | €113,233 | €131,047 | ▲ 15.7% |
| Tangible fixed assets22/27 | €101,834 | €107,983 | €125,797 | ▲ 16.5% |
| Plant, machinery and equipment23 | - | €38,764 | €27,391 | ▼ 29.3% |
| Furniture and vehicles24 | - | €6,917 | €4,398 | ▼ 36.4% |
| Leasing and similar rights25 | - | - | €36,000 | - |
| Other tangible fixed assets26 | - | €62,303 | €58,008 | ▼ 6.9% |
| Financial fixed assets28 | - | €5,250 | €5,250 | = |
| Current assets29/58 | €125,405 | €186,914 | €147,654 | ▼ 21.0% |
| Stocks and contracts in progress3 | €3,303 | €12,131 | €13,157 | ▲ 8.5% |
| Stocks30/36 | - | €12,131 | €13,157 | ▲ 8.5% |
| Amounts receivable within one year40/41 | €42,769 | €102,697 | €109,648 | ▲ 6.8% |
| Trade receivables40 | - | €68,606 | €71,491 | ▲ 4.2% |
| Other amounts receivable41 | - | €34,091 | €38,157 | ▲ 11.9% |
| Cash at bank and in hand54/58 | €21,663 | €68,586 | €24,849 | ▼ 63.8% |
| Deferred charges and accrued income490/1 | - | €3,500 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €227,239 | €300,147 | €278,701 | ▼ 7.1% |
| Equity10/15 | €73,234 | €73,709 | -€28,142 | - |
| Contributions10/11 | - | €20,000 | €20,000 | = |
| Reserves13 | €53,234 | €53,709 | - | - |
| Distributable reserves133 | - | €53,709 | - | - |
| Profit (loss) carried forward14 | - | - | -€48,142 | - |
| Amounts payable17/49 | €154,005 | €226,438 | €306,842 | ▲ 35.5% |
| Amounts payable after more than one year17 | €42,458 | €31,007 | €44,364 | ▲ 43.1% |
| Financial debts170/4 | - | €31,007 | €44,364 | ▲ 43.1% |
| Amounts payable within one year42/48 | €111,547 | €195,431 | €262,479 | ▲ 34.3% |
| Current portion of amounts payable after more than one year42 | - | €13,904 | €20,362 | ▲ 46.5% |
| Trade debts44 | €60,598 | €102,018 | €155,464 | ▲ 52.4% |
| Suppliers440/4 | - | €102,018 | €155,464 | ▲ 52.4% |
| Taxes, remuneration and social security45 | - | €56,216 | €42,775 | ▼ 23.9% |
| Taxes450/3 | - | €14,475 | €27,191 | ▲ 87.8% |
| Remuneration and social security454/9 | - | €41,740 | €15,584 | ▼ 62.7% |
| Other amounts payable47/48 | - | €23,294 | €43,877 | ▲ 88.4% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €53,234 | €476 | -€101,851 | - |
| + Depreciation and write-downs630 | €15,927 | €18,828 | €30,612 | ▲ 62.6% |
| Operating cash flow (approximation) | €69,161 | €19,304 | -€71,239 | - |
| Investment in fixed assets (approximation) | - | -€30,227 | -€48,426 | ▼ 60.2% |
| Change in cash | - | €46,923 | -€43,738 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.