ADSTRANS
Open bankruptcyFinancials · financial year 2023, micro format
Annual accounts 2023 filed on 30-06-2024 PDF all 2 filings
Equity
€5,153▼ 62.9%
2022 · €13,874
Total assets
€9,500▼ 47.1%
2022 · €17,955
Net result
-€8,721
2022 · €3,874
Working capital
€4,923▼ 69.5%
2022 · €16,144
Multi-year overview
2022 to 2023, 2 financial yearsOperating result
-€8,595
2023
20222023
Net result
-€8,721
2023
20222023
Equity
€5,153
▼ 62.9%
2023
20222023
Total assets
€9,500
▼ 47.1%
2023
20222023
Debt
€4,347
▲ 6.5%
2023
20222023
Working capital
€4,923
▼ 69.5%
2023
20222023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20222023
Operating result€4,938--€8,595
Net result€3,874--€8,721
Equity€13,874-€5,153▼ 62.9%
Total assets€17,955-€9,500▼ 47.1%
Debt€4,082-€4,347▲ 6.5%
Working capital€16,144-€4,923▼ 69.5%
The operating result for 2023 is a loss of €8,595, after a profit of €4,938 in 2022.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €9,500
Fixed assets
€230 =
Current assets
€9,270 ▼ 47.7%
Equity and liabilities €9,500
Equity
€5,153 ▼ 62.9%
Debt
€4,347 ▲ 6.5%
Debt's share of the balance-sheet total rises from 22.7% to 45.8%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
2.13▼
2022 · 11.21
Debt to equity
0.84▲
2022 · 0.29
ROE
-169.2%▼
2022 · 27.9%
ROA
-91.8%▼
2022 · 21.6%
Debt ≤ 1 year
€4,347▲
2022 · €1,582
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2022 | 2023 |
|---|---|---|
| Financial fixed assets | €230 | - |
| Depreciation and write-downs of the year | €900 | - |
Source: notes to the 2022 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €900 | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €4,269 | - | - |
| Other operating charges640/8 | €39 | €109 | ▲ 176% |
| Gross operating margin9900 | €10,147 | -€8,486 | - |
| Operating profit (loss)9901 | €4,938 | -€8,595 | - |
| Financial charges65/66B | €99 | €126 | ▲ 26.8% |
| Recurring financial charges65 | €99 | €126 | ▲ 26.8% |
| Profit (loss) for the period before taxes9903 | €4,839 | -€8,721 | - |
| Income taxes67/77 | €966 | - | - |
| Profit (loss) for the period9904 | €3,874 | -€8,721 | - |
| Profit (loss) for the period to be appropriated9905 | €3,874 | -€8,721 | - |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €17,955 | €9,500 | ▼ 47.1% |
| Fixed assets21/28 | €230 | €230 | = |
| Financial fixed assets28 | €230 | €230 | = |
| Current assets29/58 | €17,725 | €9,270 | ▼ 47.7% |
| Amounts receivable within one year40/41 | €3,507 | €7,379 | ▲ 110% |
| Trade receivables40 | - | €6,575 | - |
| Other amounts receivable41 | €3,507 | €804 | ▼ 77.1% |
| Cash at bank and in hand54/58 | €14,065 | €1,726 | ▼ 87.7% |
| Deferred charges and accrued income490/1 | €153 | €165 | ▲ 7.4% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €17,955 | €9,500 | ▼ 47.1% |
| Equity10/15 | €13,874 | €5,153 | ▼ 62.9% |
| Contributions10/11 | €10,000 | €10,000 | = |
| Reserves13 | €3,874 | - | - |
| Distributable reserves133 | €3,874 | - | - |
| Profit (loss) carried forward14 | - | -€4,847 | - |
| Amounts payable17/49 | €4,082 | €4,347 | ▲ 6.5% |
| Amounts payable within one year42/48 | €1,582 | €4,347 | ▲ 175% |
| Trade debts44 | €616 | €510 | ▼ 17.2% |
| Suppliers440/4 | €616 | €510 | ▼ 17.2% |
| Taxes, remuneration and social security45 | €966 | €1,985 | ▲ 106% |
| Taxes450/3 | €966 | €966 | = |
| Remuneration and social security454/9 | - | €1,019 | - |
| Other amounts payable47/48 | - | €1,852 | - |
| Accrued charges and deferred income492/3 | €2,500 | - | - |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €3,874 | -€8,721 | - |
| + Depreciation and write-downs630 | €900 | - | - |
| Operating cash flow (approximation) | €4,774 | -€8,721 | - |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€12,340 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.