ADILAN
InactiveFinancials · financial year 2021, micro format
Annual accounts 2021 filed on 06-07-2022 PDF all 3 filings
Turnover
€167,513▼ 2.6%
2020 · €172,064
EBIT margin
31.1%▲ 31.3pp
2020 · -0.2%
Net result
€51,840▲ 198%
2020 · €17,421
Working capital
€57,970▲ 158%
2020 · €22,437
Multi-year overview
2019 to 2021, 3 financial yearsTurnover
€167,513
▼ 2.6%
2021
20192021
Operating result
€52,139
2021
20192021
Net result
€51,840
▲ 198%
2021
20192021
EBIT margin
31.1%
▲ 31.3pp
2021
20192021
Equity
€88,377
▲ 158%
2021
20192021
Total assets
€98,816
▲ 64.1%
2021
20192021
Debt
€10,439
▼ 59.7%
2021
20192021
Working capital
€57,970
▲ 158%
2021
20192021
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021
Turnover€110,692-€172,064▲ 55.4%€167,513▼ 2.6%
Operating result€791--€274€52,139
Net result€516-€17,421▲ 34×€51,840▲ 198%
EBIT margin0.7%--0.2%▼ 0.9pp31.1%▲ 31.3pp
Equity€13,316-€34,307▲ 158%€88,377▲ 158%
Total assets€14,095-€60,215▲ 327%€98,816▲ 64.1%
Debt€779-€25,908▲ 33×€10,439▼ 59.7%
Working capital€7,716-€22,437▲ 191%€57,970▲ 158%
The operating result for 2021 is a profit of €52,139, after a loss of €274 in 2020. It is the highest result since 2019.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €98,816
Fixed assets
€30,407 ▲ 156%
Current assets
€68,409 ▲ 41.5%
Equity and liabilities €98,816
Equity
€88,377 ▲ 158%
Debt
€10,439 ▼ 59.7%
Debt's share of the balance-sheet total falls from 43.0% to 10.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€55,602▲
2020 · €756
Cash flow
€55,303▲
2020 · €18,451
Current ratio
6.55▲
2020 · 1.87
Debt to equity
0.12
ROE
58.7%▲
2020 · 50.8%
ROA
52.5%▲
2020 · 28.9%
Interest coverage
over 100
Debt ≤ 1 year
€10,439▼
2020 · €25,908
Customer credit
1 day▼
2020 · 47 days
Staff costs
€21,220
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 |
|---|---|
| Tangible fixed assets | €22,000 |
| Depreciation and write-downs of the year | €3,463 |
Source: notes to the 2021 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Turnover70 | €110,692 | €172,064 | €167,513 | ▼ 2.6% |
| Non-recurring operating income76A | - | - | €35,311 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €124,910 | - |
| Remuneration, social security and pensions62 | - | - | €21,220 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,030 | €3,463 | ▲ 236% |
| Other operating charges640/8 | - | - | €1,093 | - |
| Gross operating margin9900 | €2,344 | €10,373 | €77,915 | ▲ 651% |
| Operating profit (loss)9901 | €791 | -€274 | €52,139 | - |
| Financial income75/76B | - | - | €10 | - |
| Recurring financial income75 | - | - | €10 | - |
| Financial charges65/66B | - | - | €309 | - |
| Recurring financial charges65 | €275 | €252 | €309 | ▲ 22.8% |
| Profit (loss) for the period before taxes9903 | €516 | €17,421 | €51,840 | ▲ 198% |
| Profit (loss) for the period9904 | €516 | €17,421 | €51,840 | ▲ 198% |
| Profit (loss) for the period to be appropriated9905 | €516 | €17,421 | €51,840 | ▲ 198% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €14,095 | €60,215 | €98,816 | ▲ 64.1% |
| Fixed assets21/28 | €5,600 | €11,870 | €30,407 | ▲ 156% |
| Tangible fixed assets22/27 | - | €6,270 | €24,807 | ▲ 296% |
| Plant, machinery and equipment23 | - | - | €1,667 | - |
| Other tangible fixed assets26 | - | - | €23,140 | - |
| Financial fixed assets28 | €5,600 | €5,600 | €5,600 | = |
| Current assets29/58 | €8,495 | €48,345 | €68,409 | ▲ 41.5% |
| Stocks and contracts in progress3 | €3,500 | €6,850 | - | - |
| Amounts receivable within one year40/41 | €1,218 | €22,199 | €301 | ▼ 98.6% |
| Trade receivables40 | - | - | €301 | - |
| Cash at bank and in hand54/58 | €3,776 | €19,296 | €68,109 | ▲ 253% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €14,095 | €60,215 | €98,816 | ▲ 64.1% |
| Equity10/15 | €13,316 | €34,307 | €88,377 | ▲ 158% |
| Contributions10/11 | €12,800 | €16,370 | €18,600 | ▲ 13.6% |
| Capital10 | - | - | €18,600 | - |
| Issued capital100 | - | - | €18,600 | - |
| Reserves13 | - | €871 | €1,860 | ▲ 114% |
| Non-distributable reserves130/1 | - | - | €1,860 | - |
| Legal reserve130 | - | - | €1,860 | - |
| Profit (loss) carried forward14 | €516 | €17,066 | €67,917 | ▲ 298% |
| Amounts payable17/49 | €779 | €25,908 | €10,439 | ▼ 59.7% |
| Amounts payable within one year42/48 | €779 | €25,908 | €10,439 | ▼ 59.7% |
| Trade debts44 | - | €20,309 | - | - |
| Taxes, remuneration and social security45 | - | - | €10,439 | - |
| Taxes450/3 | - | - | €6,681 | - |
| Remuneration and social security454/9 | - | - | €3,757 | - |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €516 | €17,421 | €51,840 | ▲ 198% |
| + Depreciation and write-downs630 | - | €1,030 | €3,463 | ▲ 236% |
| Operating cash flow (approximation) | €516 | €18,451 | €55,303 | ▲ 200% |
| Investment in fixed assets (approximation) | - | -€7,300 | -€22,000 | ▼ 201% |
| Change in cash | - | €15,520 | €48,813 | ▲ 215% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.