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Financials · financial year 2020, abbreviated format

2020 annual accounts filed 110 days after the deadline Filed on 21 May 2021, deadline 31 January 2021 (7 months after the close on 30 June 2020, Companies Code art. 3:10). Source: NBB, 2021-14800503.

Annual accounts 2020 filed on 21-05-2021 PDF all 22 filings

Equity
€23,867▼ 9.3%
2019 · €26,302
Total assets
€35,016▲ 2.4%
2019 · €34,187
Net result
-€2,435▼ 64.4%
2019 · -€1,481
Working capital
€23,562▼ 8.3%
2019 · €25,691
Trend over the years

2019 to 2020, 2 financial years 2019 to 2020, 2 financial years

The operating result for 2020 is a loss of €2,351, larger than the loss of €1,395 in 2019.

Operating result-€2,351 2020 Net result-€2,435 2020

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20192020
Operating result-€1,395--€2,351▼ 68.5%
Net result-€1,481--€2,435▼ 64.4%
Equity€26,302-€23,867▼ 9.3%
Total assets€34,187-€35,016▲ 2.4%
Debt€7,885-€11,149▲ 41.4%
Working capital€25,691-€23,562▼ 8.3%
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €35,016
Fixed assets €306 ▼ 50.0%
Current assets €34,711 ▲ 3.4%
Equity and liabilities €35,016
Equity €23,867 ▼ 9.3%
Debt €11,149 ▲ 41.4%
Debt's share of the balance-sheet total rises from 23.1% to 31.8%. Equity is lower and debt is higher.
Key figures and ratios
2020 value · change against 2019
EBITDA
-€2,045▼
2019 · -€1,090
Cash flow
-€2,129▼
2019 · -€1,176
Current ratio
3.11▼
2019 · 4.26
ROE
-10.2%▼
2019 · -5.6%
ROA
-7.0%▼
2019 · -4.3%
Debt ≤ 1 year
€11,149▲
2019 · €7,885
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2020 against 2019 · 21 lines

Source: Annual accounts 2020 (PDF), filed on 21-05-2021.

Balance sheet Code20192020
Assets
Total assets20/58€34,187€35,016▲
Fixed assets21/28€611€306▼
Tangible fixed assets22/27€611€306▼
Current assets29/58€33,576€34,711▲
Amounts receivable within one year40/41€27,751€29,982▲
Cash at bank and in hand54/58€5,825€4,729▼
Equity and liabilities
Total equity and liabilities10/49€34,187€35,016▲
Equity10/15€26,302€23,867▼
Contributions10/11€18,600-
Reserves13€1,860€1,860=
Profit (loss) carried forward14€5,842€3,407▼
Amounts payable17/49€7,885€11,149▲
Amounts payable within one year42/48€7,885€11,149▲
Trade debts44€7,885€10,957▲
Income statement Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€305€305=
Gross operating margin9900-€1,090-€2,045▼
Operating profit (loss)9901-€1,395-€2,351▼
Recurring financial charges65€86€84▼
Profit (loss) for the period before taxes9903-€1,481-€2,435▼
Profit (loss) for the period9904-€1,481-€2,435▼
Profit (loss) for the period to be appropriated9905-€1,481-€2,435▼
Line20192020Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€305€305=
Gross operating margin9900-€1,090-€2,045▼ 87.7%
Operating profit (loss)9901-€1,395-€2,351▼ 68.5%
Recurring financial charges65€86€84▼ 2.0%
Profit (loss) for the period before taxes9903-€1,481-€2,435▼ 64.4%
Profit (loss) for the period9904-€1,481-€2,435▼ 64.4%
Profit (loss) for the period to be appropriated9905-€1,481-€2,435▼ 64.4%
Line20192020Change
Assets
Total assets20/58€34,187€35,016▲ 2.4%
Fixed assets21/28€611€306▼ 50.0%
Tangible fixed assets22/27€611€306▼ 50.0%
Current assets29/58€33,576€34,711▲ 3.4%
Amounts receivable within one year40/41€27,751€29,982▲ 8.0%
Cash at bank and in hand54/58€5,825€4,729▼ 18.8%
Equity and liabilities
Total equity and liabilities10/49€34,187€35,016▲ 2.4%
Equity10/15€26,302€23,867▼ 9.3%
Contributions10/11€18,600--
Reserves13€1,860€1,860=
Profit (loss) carried forward14€5,842€3,407▼ 41.7%
Amounts payable17/49€7,885€11,149▲ 41.4%
Amounts payable within one year42/48€7,885€11,149▲ 41.4%
Trade debts44€7,885€10,957▲ 39.0%
Line20192020Change
Profit (loss) for the period9904-€1,481-€2,435▼ 64.4%
+ Depreciation and write-downs630€305€305=
Operating cash flow (approximation)-€1,176-€2,129▼ 81.1%
Investment in fixed assets (approximation)-€0-
Change in cash--€1,096-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 22 filings with the National Bank
Financial year Type Filed Reference Document
30-06-2020 abbreviated format 21-05-2021 2021-14800503 PDF
30-06-2019 abbreviated format 29-01-2020 2020-03600029 PDF
30-06-2018 abbreviated format 28-02-2019 2019-06100537 PDF
31-12-2016 abbreviated format 29-08-2017 2017-51600556 PDF
31-12-2015 abbreviated format 29-08-2016 2016-51100276 PDF
31-12-2014 abbreviated format 28-08-2015 2015-51800074 PDF
31-12-2013 abbreviated format 25-08-2014 2014-48200014 PDF
31-12-2012 abbreviated format 26-08-2013 2013-49600281 PDF
31-12-2011 abbreviated format 28-07-2012 2012-36600495 PDF
31-12-2010 abbreviated format 30-08-2011 2011-50600255 PDF

Show all 22 filings