AC SERVICES
InactiveFinancials · financial year 2021, abbreviated format
2021 annual accounts filed 146 days after the deadline Filed on 23 September 2022, deadline 30 April 2022 (7 months after the close on 30 September 2021, Companies Code art. 3:10). Source: NBB, 2022-20436194.
Annual accounts 2021 filed on 23-09-2022 PDF all 16 filings
Turnover
≈ €1.0m
Estimated: probably between €610,000 and €1.7m
Total assets
€463,068▲ 77.6%
2019 · €260,695
Net result
€178,741▲ 341%
2019 · €40,528
Working capital
€265,496▲ 175%
2019 · €96,640
Multi-year overview
2018 to 2021, 3 financial yearsOperating result
€239,815
2021
20182021
Net result
€178,741
2021
20182021
Equity
€346,968
2021
20182021
Total assets
€463,068
2021
20182021
Debt
€116,100
2021
20182021
Working capital
€265,496
2021
20182021
Staff (FTE)
1.9
2021
20182021
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192021
Operating result€45,432-€52,218▲ 14.9%€239,815-
Net result€33,898-€40,528▲ 19.6%€178,741-
Equity€127,699-€168,227▲ 31.7%€346,968-
Total assets€239,656-€260,695▲ 8.8%€463,068-
Debt€111,957-€92,468▼ 17.4%€116,100-
Working capital€77,620-€96,640▲ 24.5%€265,496-
Staff (FTE)1.1-1▼ 9.1%1.9-
The operating result for 2021 is €239,815, against €52,218 in 2019. Comparable figures for the intervening years are unavailable.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2021 in colour, 2019 as the grey bar beneath
Assets €463,068
Fixed assets
€81,472 ▼ 30.1%
Current assets
€381,596 ▲ 165%
Equity and liabilities €463,068
Equity
€346,968 ▲ 106%
Debt
€116,100 ▲ 25.6%
Debt's share of the balance-sheet total falls from 35.5% to 25.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€314,526▲
2019 · €93,269
Cash flow
€253,452▲
2019 · €81,579
Current ratio
3.29▲
2019 · 3.03
Quick ratio
2.95▲
2019 · 2.50
Debt to equity
0.33▲
2019 · 0.27
ROE
51.5%▲
2019 · 24.1%
ROA
38.6%▲
2019 · 15.5%
Interest coverage
48.96
Debt ≤ 1 year
€116,100▲
2019 · €47,552
Debt > 1 year
€0▼
2019 · €44,917
Income taxes
€58,332▲
2019 · €10,649
Staff costs
€99,724
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-09-2021 |
|---|---|
| Employees at the balance-sheet date | 0 |
| full-time | 0 |
| part-time | 0 |
| in full-time equivalents | 0 |
| Average over the year, in full-time equivalents | 1.9 |
| On a permanent contract | 0 |
| Joined | 0 |
| Left | 0 |
Source: social balance sheet in the 2021 annual accounts
Investments
| Item | 30-09-2021 |
|---|---|
| Tangible fixed assets | €43,184 |
| Depreciation and write-downs of the year | €74,711 |
Source: notes to the 2021 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2021 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €50,700 | - |
| Remuneration, social security and pensions62 | - | - | €99,724 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,564 | €41,051 | €74,711 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €1,924 | - |
| Other operating charges640/8 | - | - | €10,203 | - |
| Non-recurring operating charges66A | - | - | €5,312 | - |
| Gross operating margin9900 | €132,850 | €138,076 | €431,689 | - |
| Operating profit (loss)9901 | €45,432 | €52,218 | €239,815 | - |
| Financial income75/76B | - | - | €3,682 | - |
| Recurring financial income75 | - | €4 | €3,682 | - |
| Financial charges65/66B | - | - | €6,425 | - |
| Recurring financial charges65 | €1,232 | €1,045 | €6,425 | - |
| Profit (loss) for the period before taxes9903 | €44,200 | €51,177 | €237,073 | - |
| Income taxes67/77 | €10,302 | €10,649 | €58,332 | - |
| Profit (loss) for the period9904 | €33,898 | €40,528 | €178,741 | - |
| Profit (loss) for the period to be appropriated9905 | €33,898 | €40,528 | €178,741 | - |
| Line | 2018 | 2019 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €239,656 | €260,695 | €463,068 | - |
| Fixed assets21/28 | €109,480 | €116,504 | €81,472 | - |
| Tangible fixed assets22/27 | €109,480 | €116,504 | €81,472 | - |
| Land and buildings22 | - | - | €40,396 | - |
| Plant, machinery and equipment23 | - | - | €655 | - |
| Furniture and vehicles24 | - | - | €40,421 | - |
| Other tangible fixed assets26 | - | - | €0 | - |
| Current assets29/58 | €130,176 | €144,192 | €381,596 | - |
| Stocks and contracts in progress3 | €22,680 | €25,470 | €39,175 | - |
| Stocks30/36 | - | - | €39,175 | - |
| Amounts receivable within one year40/41 | €4,402 | €4,826 | €260,605 | - |
| Trade receivables40 | - | - | €8,568 | - |
| Other amounts receivable41 | - | - | €252,037 | - |
| Cash at bank and in hand54/58 | €103,095 | €113,896 | €74,305 | - |
| Deferred charges and accrued income490/1 | - | - | €7,511 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €239,656 | €260,695 | €463,068 | - |
| Equity10/15 | €127,699 | €168,227 | €346,968 | - |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | - |
| Reserves13 | €109,149 | €149,677 | €149,677 | - |
| Non-distributable reserves130/1 | - | - | €1,855 | - |
| Reserves not available under the articles1311 | - | - | €1,855 | - |
| Distributable reserves133 | - | - | €147,822 | - |
| Profit (loss) carried forward14 | - | - | €178,741 | - |
| Amounts payable17/49 | €111,957 | €92,468 | €116,100 | - |
| Amounts payable after more than one year17 | €59,400 | €44,917 | €0 | - |
| Financial debts170/4 | - | - | €0 | - |
| Amounts payable within one year42/48 | €52,556 | €47,552 | €116,100 | - |
| Current portion of amounts payable after more than one year42 | - | - | €0 | - |
| Trade debts44 | €26,912 | €23,653 | €72,397 | - |
| Suppliers440/4 | - | - | €72,397 | - |
| Taxes, remuneration and social security45 | - | - | €43,703 | - |
| Taxes450/3 | - | - | €42,822 | - |
| Remuneration and social security454/9 | - | - | €881 | - |
| Line | 2018 | 2019 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,898 | €40,528 | €178,741 | - |
| + Depreciation and write-downs630 | €38,564 | €41,051 | €74,711 | - |
| Operating cash flow (approximation) | €72,462 | €81,579 | €253,452 | - |
| Investment in fixed assets (approximation) | - | -€48,075 | - | - |
| Change in cash | - | €10,801 | - | - |
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 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2021 | abbreviated format | 23-09-2022 | 2022-20436194 | |
| 31-12-2019 | abbreviated format | 18-05-2020 | 2020-12400589 | |
| 31-12-2018 | abbreviated format | 27-03-2019 | 2019-08200234 | |
| 31-12-2017 | abbreviated format | 03-04-2018 | 2018-08800023 | |
| 31-12-2016 | abbreviated format | 28-03-2017 | 2017-07500424 | |
| 31-12-2015 | abbreviated format | 29-03-2016 | 2016-07700423 | |
| 31-12-2014 | abbreviated format | 02-04-2015 | 2015-09000226 | |
| 31-12-2013 | abbreviated format | 11-06-2014 | 2014-16700362 | |
| 31-12-2012 | abbreviated format | 29-08-2013 | 2013-51500325 | |
| 31-12-2011 | abbreviated format | 17-08-2012 | 2012-41900269 |