ABSOLIT
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 22-05-2024, 70 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2023
70 d early
2022
55 d early
2021
44 d early
2020
36 d early
2019
21 d early
2018
21 d early
2017
60 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Equity
€180k▲ 10.8%
2022 · €163k
2018: €89klowest in 6 years
2019: €100k▲ +12.7% vs 2018
2020: €110k▲ +10.5% vs 2019
2021: €141k▲ +27.6% vs 2020
2022: €163k▲ +15.4% vs 2021
2023: €180k▲ +10.8% vs 2022highest in 6 years
2018 → 2023
Total assets
€1.08M▲ 32.5%
2022 · €816k
2018: €336k
2019: €330k▼ -1.6% vs 2018lowest in 6 years
2020: €387k▲ +17.1% vs 2019
2021: €483k▲ +24.9% vs 2020
2022: €816k▲ +68.9% vs 2021
2023: €1.08M▲ +32.5% vs 2022highest in 6 years
2018 → 2023
Net result
€18k▼ 18.9%
2022 · €22k
2018: €16k
2019: €11k▼ -28.7% vs 2018
2020: €11k▼ -6.4% vs 2019lowest in 6 years
2021: €34k▲ +220% vs 2020highest in 6 years
2022: €22k▼ -35.3% vs 2021
2023: €18k▼ -18.9% vs 2022
2018 → 2023
Working capital
€10k
2022 · €-88k
2018: €63khighest in 6 years
2019: €35k▼ -44.6% vs 2018
2020: €2k▼ -93.9% vs 2019
2021: €-16k▼ -843% vs 2020
2022: €-88k▼ -459% vs 2021lowest in 6 years
2023: €10k▲ +111% vs 2022
2018 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€100k-€110k▲ 10.5%€141k▲ 27.6%€163k▲ 15.4%€180k▲ 10.8%
2019: €100klowest in 5 years
2020: €110k▲ +10.5% vs 2019
2021: €141k▲ +27.6% vs 2020
2022: €163k▲ +15.4% vs 2021
2023: €180k▲ +10.8% vs 2022highest in 5 years
Operating result€21k-€19k▼ 8.3%€52k▲ 172%€39k▼ 24.3%€36k▼ 7.4%
2019: €21k
2020: €19k▼ -8.3% vs 2019lowest in 5 years
2021: €52k▲ +172% vs 2020highest in 5 years
2022: €39k▼ -24.3% vs 2021
2023: €36k▼ -7.4% vs 2022
Net result€11k-€11k▼ 6.4%€34k▲ 220%€22k▼ 35.3%€18k▼ 18.9%
2019: €11k
2020: €11k▼ -6.4% vs 2019lowest in 5 years
2021: €34k▲ +220% vs 2020highest in 5 years
2022: €22k▼ -35.3% vs 2021
2023: €18k▼ -18.9% vs 2022
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2023 is 7% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.08M
Fixed assets
€293k ▼ 24.8%
Current assets
€788k ▲ 84.8%
Equity and liabilities €1.08M
Equity
€180k ▲ 10.8%
Debt
€901k ▲ 37.8%
Debt's share of the balance-sheet total rises from 80.1% to 83.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€197k▲
2022 · €188k
Cash flow
€179k▲
2022 · €171k
Current ratio
1.01▲
2022 · 0.83
Debt to equity
5.00▲
2022 · 4.02
ROE
9.8%▼
2022 · 13.4%
ROA
1.6%▼
2022 · 2.7%
Interest coverage
19.63▼
2022 · 24.88
Debt ≤ 1 year
€778k▲
2022 · €515k
Income taxes
€9k▼
2022 · €10k
Staff costs
€-247▼
2022 · €64k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 48 lines
Balance sheet
Code20222023
Assets
Total assets20/58€816k€1.08M▲
Fixed assets21/28€390k€293k▼
Intangible fixed assets21€28k€17k▼
Tangible fixed assets22/27€362k€276k▼
Plant, machinery and equipment23€362k€276k▼
Current assets29/58€426k€788k▲
Amounts receivable within one year40/41€177k€175k▼
Trade receivables40€150k€92k▼
Other amounts receivable41€27k€83k▲
Cash at bank and in hand54/58€210k€568k▲
Deferred charges and accrued income490/1€39k€45k▲
Equity and liabilities
Total equity and liabilities10/49€816k€1.08M▲
Equity10/15€163k€180k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€5k€6k▲
Non-distributable reserves130/1€5k€6k▲
Legal reserve130€5k€6k▲
Profit (loss) carried forward14€96k€113k▲
Amounts payable17/49€654k€901k▲
Amounts payable within one year42/48€515k€778k▲
Financial debts43€250k€250k=
Other loans439€250k€250k=
Trade debts44€239k€511k▲
Suppliers440/4€239k€511k▲
Taxes, remuneration and social security45€26k€17k▼
Taxes450/3€26k€17k▼
Accrued charges and deferred income492/3€139k€122k▼
Income statement
Code20222023
Non-recurring operating income76A€14k-
Remuneration, social security and pensions62€64k€-247▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€149k€161k▲
Other operating charges640/8€600€493▼
Gross operating margin9900€252k€198k▼
Operating profit (loss)9901€39k€36k▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€8k€10k▲
Recurring financial charges65€8k€10k▲
Profit (loss) for the period before taxes9903€32k€26k▼
Income taxes67/77€10k€9k▼
Profit (loss) for the period9904€22k€18k▼
Profit (loss) for the period to be appropriated9905€22k€18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€97k€113k▲
Profit (loss) brought forward from the previous period14P€75k€96k▲
Transfer to equity691/2€1k€881▼
To the legal reserve6920€1k€881▼
Social balance
Average headcount (FTE)90872.0-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €14k | - | - |
| Remuneration, social security and pensions62 | - | - | €157k | €64k | €-247 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €82k | €78k | €110k | €149k | €161k | ▲ 8.4% |
| Other operating charges640/8 | - | - | €449 | €600 | €493 | ▼ 17.7% |
| Gross operating margin9900 | €244k | €251k | €319k | €252k | €198k | ▼ 21.6% |
| Operating profit (loss)9901 | €21k | €19k | €52k | €39k | €36k | ▼ 7.4% |
| Financial income75/76B | - | - | - | €0 | €0 | ▼ 66.7% |
| Recurring financial income75 | €0 | - | - | €0 | €0 | ▼ 66.7% |
| Financial charges65/66B | - | - | €1k | €8k | €10k | ▲ 33.2% |
| Recurring financial charges65 | €1k | €2k | €1k | €8k | €10k | ▲ 33.2% |
| Profit (loss) for the period before taxes9903 | €19k | €17k | €50k | €32k | €26k | ▼ 17.1% |
| Income taxes67/77 | €8k | €7k | €17k | €10k | €9k | ▼ 13.0% |
| Profit (loss) for the period9904 | €11k | €11k | €34k | €22k | €18k | ▼ 18.9% |
| Profit (loss) for the period to be appropriated9905 | €11k | €11k | €34k | €22k | €18k | ▼ 18.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €330k | €387k | €483k | €816k | €1.08M | ▲ 32.5% |
| Fixed assets21/28 | €96k | €195k | €201k | €390k | €293k | ▼ 24.8% |
| Intangible fixed assets21 | €371 | €10k | €13k | €28k | €17k | ▼ 40.0% |
| Tangible fixed assets22/27 | €96k | €185k | €188k | €362k | €276k | ▼ 23.7% |
| Plant, machinery and equipment23 | - | - | €188k | €362k | €276k | ▼ 23.7% |
| Current assets29/58 | €234k | €192k | €283k | €426k | €788k | ▲ 84.8% |
| Amounts receivable within one year40/41 | €132k | €148k | €162k | €177k | €175k | ▼ 1.1% |
| Trade receivables40 | - | - | €136k | €150k | €92k | ▼ 38.9% |
| Other amounts receivable41 | - | - | €26k | €27k | €83k | ▲ 213% |
| Cash at bank and in hand54/58 | €88k | €25k | €97k | €210k | €568k | ▲ 170% |
| Deferred charges and accrued income490/1 | - | - | €23k | €39k | €45k | ▲ 14.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €330k | €387k | €483k | €816k | €1.08M | ▲ 32.5% |
| Equity10/15 | €100k | €110k | €141k | €163k | €180k | ▲ 10.8% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | - | €62k | €62k | €62k | = |
| Issued capital100 | - | - | €62k | €62k | €62k | = |
| Reserves13 | €2k | €2k | €4k | €5k | €6k | ▲ 16.9% |
| Non-distributable reserves130/1 | - | - | €4k | €5k | €6k | ▲ 16.9% |
| Legal reserve130 | - | - | €4k | €5k | €6k | ▲ 16.9% |
| Profit (loss) carried forward14 | €36k | €46k | €75k | €96k | €113k | ▲ 17.5% |
| Amounts payable17/49 | €230k | €276k | €342k | €654k | €901k | ▲ 37.8% |
| Amounts payable within one year42/48 | €199k | €190k | €298k | €515k | €778k | ▲ 51.3% |
| Financial debts43 | - | - | - | €250k | €250k | = |
| Other loans439 | - | - | - | €250k | €250k | = |
| Trade debts44 | €176k | €157k | €244k | €239k | €511k | ▲ 114% |
| Suppliers440/4 | - | - | €244k | €239k | €511k | ▲ 114% |
| Taxes, remuneration and social security45 | - | - | €51k | €26k | €17k | ▼ 31.9% |
| Taxes450/3 | - | - | €23k | €26k | €17k | ▼ 31.9% |
| Remuneration and social security454/9 | - | - | €28k | - | - | - |
| Other amounts payable47/48 | - | - | €3k | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €44k | €139k | €122k | ▼ 12.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €11k | €34k | €22k | €18k | ▼ 18.9% |
| + Depreciation and write-downs630 | €82k | €78k | €110k | €149k | €161k | ▲ 8.4% |
| Operating cash flow (approximation) | €93k | €89k | €144k | €171k | €179k | ▲ 4.9% |
| Investment in fixed assets (approximation) | - | €-177k | €-116k | €-338k | €-64k | ▲ 80.9% |
| Change in cash | - | €-64k | €73k | €113k | €358k | ▲ 217% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
05-08
State Gazette act
General meeting · Merger
Dissolution · Purpose change · Johan Kiebooms
03-06
State Gazette act
Merger · Corporate purpose
Purpose change · Accounting effect · Frederik Vlaminck
22-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €150kEq €163k ▲15.4%
5 profitable years in a row build equity to €163k.
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €34k ▲220%
Operating result €52k, net result €34k, both a record.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €11k ▼6.4%
Net result drops to €11k, the lowest in the series.
31-12
Financial
Equity above €100kEq €110k ▲10.5%
3 profitable years in a row build equity to €110k.
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Acquisitions and mergers
1 transactionTaken over by:MANUPORT LOGISTICS