ADNK
Bankruptcy closedFinancials · financial year 2023, micro format
Annual accounts 2023 filed on 21-07-2024 PDF all 4 filings
Turnover
≈ €110,000
Estimated: probably between €52,000 and €270,000
Total assets
€83,408▲ 28.9%
2022 · €64,724
Net result
€7,078
2022 · -€268
Working capital
-€509▲ 94.5%
2022 · -€9,309
Multi-year overview
2020 to 2023, 4 financial yearsOperating result
€10,629
▲ 764%
2023
20202023
Net result
€7,078
2023
20202023
Equity
€13,366
▲ 131%
2023
20202023
Total assets
€83,408
▲ 28.9%
2023
20202023
Debt
€70,042
▲ 18.8%
2023
20202023
Working capital
-€509
▲ 94.5%
2023
20202023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2020202120222023
Operating result€2,498-€3,431▲ 37.4%€1,230▼ 64.2%€10,629▲ 764%
Net result€2,391-€2,353▼ 1.6%-€268€7,078
Equity€3,691-€6,045▲ 63.8%€5,777▼ 4.4%€13,366▲ 131%
Total assets€14,635-€39,237▲ 168%€64,724▲ 65.0%€83,408▲ 28.9%
Debt€10,944-€33,192▲ 203%€58,947▲ 77.6%€70,042▲ 18.8%
Working capital-€1,408--€3,888▼ 176%-€9,309▼ 139%-€509▲ 94.5%
The operating result for 2023 is 8.6 times that of 2022 and the highest since 2020. It is a recovery after the fall in 2022.
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
2023 in colour, 2022 as the grey bar beneath
Assets €83,408
Fixed assets
€13,876 ▼ 8.0%
Current assets
€69,533 ▲ 40.1%
Equity and liabilities €83,408
Equity
€13,366 ▲ 131%
Debt
€70,042 ▲ 18.8%
Debt's share of the balance-sheet total falls from 91.1% to 84.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€13,248▲
2022 · €2,981
Cash flow
€9,697▲
2022 · €1,483
Current ratio
0.99▲
2022 · 0.84
Quick ratio
0.51▲
2022 · 0.31
Debt to equity
5.24▼
2022 · 10.20
ROE
53.0%▲
2022 · -4.6%
ROA
8.5%▲
2022 · -0.4%
Interest coverage
23.98▲
2022 · 7.13
Debt ≤ 1 year
€70,042▲
2022 · €58,947
Income taxes
€2,999▲
2022 · €1,080
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €2,158 | €6,904 | €1,409 |
| Financial fixed assets | €3,456 | - | - |
| Depreciation and write-downs of the year | €780 | €1,751 | €2,619 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €391 | €780 | €1,751 | €2,619 | ▲ 49.6% |
| Other operating charges640/8 | - | €2,415 | €1,307 | €1,638 | ▲ 25.4% |
| Gross operating margin9900 | €4,723 | €6,627 | €4,287 | €14,886 | ▲ 247% |
| Operating profit (loss)9901 | €2,498 | €3,431 | €1,230 | €10,629 | ▲ 764% |
| Financial charges65/66B | - | €140 | €418 | €552 | ▲ 32.2% |
| Recurring financial charges65 | €106 | €140 | €418 | €552 | ▲ 32.2% |
| Profit (loss) for the period before taxes9903 | €2,391 | €3,291 | €812 | €10,076 | ▲ 12× |
| Income taxes67/77 | - | €938 | €1,080 | €2,999 | ▲ 178% |
| Profit (loss) for the period9904 | €2,391 | €2,353 | -€268 | €7,078 | - |
| Profit (loss) for the period to be appropriated9905 | €2,391 | €2,353 | -€268 | €7,078 | - |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €14,635 | €39,237 | €64,724 | €83,408 | ▲ 28.9% |
| Fixed assets21/28 | €5,099 | €9,933 | €15,085 | €13,876 | ▼ 8.0% |
| Tangible fixed assets22/27 | €1,649 | €3,026 | €8,179 | €6,969 | ▼ 14.8% |
| Plant, machinery and equipment23 | - | €1,693 | €7,355 | €6,655 | ▼ 9.5% |
| Furniture and vehicles24 | - | €1,334 | €824 | €314 | ▼ 61.9% |
| Financial fixed assets28 | €3,450 | €6,906 | €6,906 | €6,906 | = |
| Current assets29/58 | €9,536 | €29,304 | €49,639 | €69,533 | ▲ 40.1% |
| Stocks and contracts in progress3 | €8,903 | €28,688 | €31,535 | €33,489 | ▲ 6.2% |
| Stocks30/36 | - | €28,688 | €31,535 | €33,489 | ▲ 6.2% |
| Amounts receivable within one year40/41 | - | - | €13,038 | €21,805 | ▲ 67.2% |
| Trade receivables40 | - | - | €13,038 | €21,805 | ▲ 67.2% |
| Cash at bank and in hand54/58 | €633 | €616 | €5,065 | €14,239 | ▲ 181% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €14,635 | €39,237 | €64,724 | €83,408 | ▲ 28.9% |
| Equity10/15 | €3,691 | €6,045 | €5,777 | €13,366 | ▲ 131% |
| Contributions10/11 | €1,300 | €1,300 | €1,300 | €1,300 | = |
| Capital10 | - | €1,300 | €1,300 | €1,300 | = |
| Issued capital100 | - | €1,300 | €1,300 | €1,300 | = |
| Profit (loss) carried forward14 | €2,391 | €4,745 | €4,477 | €12,066 | ▲ 170% |
| Amounts payable17/49 | €10,944 | €33,192 | €58,947 | €70,042 | ▲ 18.8% |
| Amounts payable within one year42/48 | €10,944 | €33,192 | €58,947 | €70,042 | ▲ 18.8% |
| Trade debts44 | - | - | €11,291 | €28,593 | ▲ 153% |
| Suppliers440/4 | - | - | €11,291 | €28,593 | ▲ 153% |
| Taxes, remuneration and social security45 | - | €4,320 | €10,165 | €12,183 | ▲ 19.9% |
| Taxes450/3 | - | €4,320 | €10,165 | €12,183 | ▲ 19.9% |
| Other amounts payable47/48 | - | €28,872 | €37,491 | €29,266 | ▼ 21.9% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,391 | €2,353 | -€268 | €7,078 | - |
| + Depreciation and write-downs630 | €391 | €780 | €1,751 | €2,619 | ▲ 49.6% |
| Operating cash flow (approximation) | €2,782 | €3,134 | €1,483 | €9,697 | ▲ 554% |
| Investment in fixed assets (approximation) | - | -€5,614 | -€6,904 | -€1,409 | ▲ 79.6% |
| Change in cash | - | -€17 | €4,449 | €9,174 | ▲ 106% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.