ACM
InactiveFinancials · financial year 2022, micro format
Annual accounts 2022 filed on 28-07-2023 PDF all 27 filings
Turnover
≈ €480,000
Estimated: probably between €320,000 and €740,000
Total assets
€2.8m▼ 2.9%
2021 · €2.9m
Net result
€123,657▼ 4.7%
2021 · €129,700
Working capital
-€116,057▲ 49.0%
2021 · -€227,447
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result for 2022 is 14% higher than in 2021. It is the third rise in a row, after the fall in 2019.
Operating result€0.1m
2022
Net result€0.1m
2022
Total assets€2.8m
2022
Equity€2.5m
2022
Debt€0.3m
2022
Working capital-€0.1m
2022
Staff (FTE)1
2022
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result€0.1m-€0.07m▼ 38.3%€0.07m▲ 5.0%€0.09m▲ 20.7%€0.1m▲ 13.9%
Net result€0.3m-€0.04m▼ 89.0%€0.05m▲ 31.8%€0.1m▲ 171%€0.1m▼ 4.7%
Equity€2.4m-€2.4m▲ 1.5%€2.4m▼ 1.7%€2.4m▼ 0.8%€2.5m▲ 5.2%
Total assets€3.0m-€2.9m▼ 5.8%€3.0m▲ 2.8%€2.9m▼ 0.7%€2.8m▼ 2.9%
Debt€0.6m-€0.4m▼ 33.0%€0.6m▲ 28.4%€0.6m=€0.3m▼ 37.7%
Working capital€0.1m-€0.05m▼ 51.6%-€0.2m-€0.2m▼ 24.8%-€0.1m▲ 49.0%
Staff (FTE)111=
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 €2.8m
Fixed assets
€2.8m ▼ 1.1%
Current assets
€57,040 ▼ 49.0%
Equity and liabilities €2.8m
Equity
€2.5m ▲ 5.2%
Debt
€344,505 ▼ 37.7%
Debt's share of the balance-sheet total falls from 18.9% to 12.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€129,323▲
2021 · €128,293
Cash flow
€153,028▼
2021 · €170,211
Current ratio
0.33=
2021 · 0.33
Debt to equity
0.14▼
2021 · 0.23
ROE
4.9%▼
2021 · 5.5%
ROA
4.3%▼
2021 · 4.4%
Interest coverage
13.84▲
2021 · 12.25
Debt ≤ 1 year
€173,097▼
2021 · €339,243
Debt > 1 year
€171,408▼
2021 · €213,391
Income taxes
€26,953▲
2021 · €24,405
Staff costs
€50,573▲
2021 · €50,097
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 1 |
| full-time | 1 | 1 |
| in full-time equivalents | 1 | 1 |
| Average over the year, in full-time equivalents | 1 | 1 |
| On a permanent contract | 1 | 1 |
Source: social balance sheet in the 2021 to 2022 annual accounts
Investments
| Item | 2018 | 2021 | 2022 |
|---|---|---|---|
| Tangible fixed assets | €355,057 | €22,242 | - |
| Financial fixed assets | - | €345 | - |
| Depreciation and write-downs of the year | €164,547 | €40,511 | €29,371 |
Source: notes to the 2018 to 2022 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €142,537 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €37,127 | - | - | €50,097 | €50,573 | ▲ 0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €164,547 | €65,230 | €51,558 | €40,511 | €29,371 | ▼ 27.5% |
| Other operating charges640/8 | €9,781 | - | - | €9,713 | €10,570 | ▲ 8.8% |
| Gross operating margin9900 | €323,670 | €183,783 | €185,429 | €188,103 | €190,465 | ▲ 1.3% |
| Operating profit (loss)9901 | €112,215 | €69,272 | €72,707 | €87,782 | €99,952 | ▲ 13.9% |
| Financial income75/76B | €240,000 | - | - | €76,800 | €60,000 | ▼ 21.9% |
| Recurring financial income75 | €240,000 | - | - | €76,800 | €60,000 | ▼ 21.9% |
| Financial charges65/66B | €14,381 | - | - | €10,477 | €9,341 | ▼ 10.8% |
| Recurring financial charges65 | €7,667 | €10,285 | €8,402 | €10,477 | €9,341 | ▼ 10.8% |
| Non-recurring financial charges66B | €6,714 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €337,834 | €58,987 | €64,305 | €154,105 | €150,610 | ▼ 2.3% |
| Income taxes67/77 | €6,760 | €22,684 | €16,475 | €24,405 | €26,953 | ▲ 10.4% |
| Profit (loss) for the period9904 | €331,074 | €36,303 | €47,830 | €129,700 | €123,657 | ▼ 4.7% |
| Transfer from tax-exempt reserves789 | - | - | - | €12,904 | €12,130 | ▼ 6.0% |
| Profit (loss) for the period to be appropriated9905 | €331,074 | €50,907 | €47,830 | €142,605 | €135,788 | ▼ 4.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.0m | €2.9m | €3.0m | €2.9m | €2.8m | ▼ 2.9% |
| Fixed assets21/28 | €2.7m | €2.7m | €2.8m | €2.8m | €2.8m | ▼ 1.1% |
| Tangible fixed assets22/27 | €0.7m | €0.7m | €0.7m | €0.7m | €0.6m | ▼ 4.3% |
| Land and buildings22 | €0.6m | - | - | €0.7m | €0.6m | ▼ 3.8% |
| Plant, machinery and equipment23 | €0.02m | - | - | €0.01m | €0.01m | ▼ 19.9% |
| Furniture and vehicles24 | €0.03m | - | - | €0.009m | €0.007m | ▼ 20.0% |
| Financial fixed assets28 | €2.0m | €2.0m | €2.1m | €2.1m | €2.1m | = |
| Current assets29/58 | €0.3m | €0.2m | €0.1m | €0.1m | €0.06m | ▼ 49.0% |
| Amounts receivable after more than one year29 | - | - | - | €0.03m | €0.03m | ▼ 7.9% |
| Other amounts receivable291 | - | - | - | €0.03m | €0.03m | ▼ 7.9% |
| Amounts receivable within one year40/41 | €0.3m | €0.1m | €0.1m | €0.08m | €0.008m | ▼ 89.0% |
| Trade receivables40 | €0.1m | - | - | €0.08m | €0.005m | ▼ 94.0% |
| Other amounts receivable41 | €0.2m | - | - | - | €0.004m | - |
| Current investments50/53 | €0.002m | - | - | - | €0.005m | - |
| Cash at bank and in hand54/58 | €0.02m | €0.008m | €0.01m | €0.009m | €0.02m | ▲ 85.9% |
| Deferred charges and accrued income490/1 | - | - | - | - | €0.002m | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.0m | €2.9m | €3.0m | €2.9m | €2.8m | ▼ 2.9% |
| Equity10/15 | €2.4m | €2.4m | €2.4m | €2.4m | €2.5m | ▲ 5.2% |
| Contributions10/11 | €1.4m | €1.4m | - | €1.4m | €1.4m | = |
| Capital10 | €1.4m | - | - | - | - | - |
| Issued capital100 | €1.4m | - | - | - | - | - |
| Reserves13 | €0.9m | €0.9m | €0.9m | €0.9m | €1.0m | ▲ 12.3% |
| Non-distributable reserves130/1 | - | - | - | €0.06m | €0.06m | = |
| Legal reserve130 | €0.06m | - | - | - | - | - |
| Reserves not available under the articles1311 | €414 | - | - | €0.06m | €0.06m | = |
| Tax-exempt reserves132 | €0.3m | - | - | €0.3m | €0.3m | ▼ 4.2% |
| Distributable reserves133 | €0.5m | - | - | €0.6m | €0.7m | ▲ 21.7% |
| Profit (loss) carried forward14 | €0.08m | €0.08m | €0.02m | €0.02m | €0.03m | ▲ 69.1% |
| Amounts payable17/49 | €0.6m | €0.4m | €0.6m | €0.6m | €0.3m | ▼ 37.7% |
| Amounts payable after more than one year17 | €0.4m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 19.7% |
| Financial debts170/4 | €0.4m | - | - | €0.2m | €0.2m | ▼ 19.7% |
| Amounts payable within one year42/48 | €0.2m | €0.1m | €0.3m | €0.3m | €0.2m | ▼ 49.0% |
| Current portion of amounts payable after more than one year42 | €0.1m | - | - | €0.04m | €0.04m | ▼ 0.5% |
| Financial debts43 | €0.04m | - | - | €0.1m | €0.1m | ▼ 3.2% |
| Credit institutions430/8 | €0.04m | - | - | €0.1m | €0.1m | ▼ 3.2% |
| Trade debts44 | €0.009m | €0.01m | €0.02m | €0.005m | €0.004m | ▼ 23.1% |
| Suppliers440/4 | €0.009m | - | - | €0.005m | €0.004m | ▼ 23.1% |
| Taxes, remuneration and social security45 | €0.006m | - | - | €0.03m | €0.01m | ▼ 43.4% |
| Taxes450/3 | €0.005m | - | - | €0.02m | €0.008m | ▼ 59.6% |
| Remuneration and social security454/9 | €0.001m | - | - | €0.006m | €0.006m | ▲ 11.6% |
| Other amounts payable47/48 | €0.09m | - | - | €0.2m | - | - |
| Accrued charges and deferred income492/3 | €0.002m | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €331,074 | €36,303 | €47,830 | €129,700 | €123,657 | ▼ 4.7% |
| + Depreciation and write-downs630 | €164,547 | €65,230 | €51,558 | €40,511 | €29,371 | ▼ 27.5% |
| Operating cash flow (approximation) | €495,621 | €101,533 | €99,388 | €170,211 | €153,028 | ▼ 10.1% |
| Investment in fixed assets (approximation) | - | -€73,419 | -€167,755 | -€22,587 | €345 | - |
| Change in cash | - | -€14,322 | €2,261 | -€1,021 | €7,696 | - |
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 27 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2022 | micro format | 28-07-2023 | 2023-00303848 | |
| 31-12-2021 | micro format | 22-09-2022 | 2022-20435700 | |
| 31-12-2020 | micro format | 29-07-2021 | 2021-44100533 | |
| 31-12-2019 | micro format | 30-10-2020 | 2020-66700168 | |
| 31-12-2018 | micro format | 21-08-2019 | 2019-51000043 | |
| 31-12-2017 | micro format | 27-07-2018 | 2018-40400246 | |
| 31-12-2016 | micro format | 28-08-2017 | 2017-48800092 | |
| 31-12-2015 | abbreviated format | 29-07-2016 | 2016-38600586 | |
| 31-12-2014 | abbreviated format | 26-06-2015 | 2015-22500579 | |
| 31-12-2013 | abbreviated format | 28-08-2014 | 2014-49500130 |