AIRCAPLAN
InactiveFinancials · financial year 2022, abbreviated format
Turnover
≈ €760,000
Estimated: probably between €450,000 and €1.3m
Total assets
€630,342▼ 30.2%
2021 · €902,762
Net result
€108,519▲ 30.7%
2021 · €83,013
Working capital
€6,032▼ 83.5%
2021 · €36,479
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result recovers in 2022; 2022 is 30% above 2021 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.1m
2022
Net result€0.1m
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.6m
2022
Equity€0.02m
2022
Debt€0.6m
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.006m
2022
Average staff in full-time equivalents (FTE).
Staff (FTE)2
2022
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€0.07m-€0.1m▲ 42.5%€0.1m▲ 16.4%€0.1m▼ 6.8%€0.1m▲ 30.2%
Net result€0.05m-€0.07m▲ 46.7%€0.09m▲ 23.2%€0.08m▼ 5.7%€0.1m▲ 30.7%
Equity€0.3m-€0.4m▲ 23.5%€0.2m▼ 43.1%€0.05m▼ 78.1%€0.02m▼ 65.1%
Total assets€0.8m-€0.9m▲ 11.8%€1.1m▲ 20.9%€0.9m▼ 14.4%€0.6m▼ 30.2%
Debt€0.5m-€0.5m▲ 4.4%€0.8m▲ 69.4%€0.9m▲ 1.9%€0.6m▼ 28.3%
Working capital€0.3m-€0.4m▲ 19.8%€0.2m▼ 43.7%€0.04m▼ 81.8%€0.006m▼ 83.5%
Staff (FTE)2-2=2=2=2=
Turnover and EBIT margin not published: the abbreviated 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 €630,342
Fixed assets
€15,325 ▼ 31.1%
Current assets
€615,017 ▼ 30.2%
Equity and liabilities €630,342
Equity
€16,313 ▼ 65.1%
Debt
€614,029 ▼ 28.3%
Debt's share of the balance-sheet total rises from 94.8% to 97.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€155,113▲
2021 · €120,673
Cash flow
€117,331▲
2021 · €91,325
Current ratio
1.01▼
2021 · 1.04
Quick ratio
0.88▼
2021 · 0.91
Debt to equity
37.64▲
2021 · 18.29
ROE
665.2%▲
2021 · 177.4%
ROA
17.2%▲
2021 · 9.2%
Interest coverage
over 100
2021 · over 100
Debt ≤ 1 year
€608,985▼
2021 · €844,047
Debt > 1 year
€5,044▼
2021 · €11,703
Income taxes
€37,935▲
2021 · €29,134
Staff costs
€162,872▲
2021 · €160,542
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €4,938 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | - | €160,542 | €162,872 | ▲ 1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,232 | €8,392 | €11,050 | €8,311 | €8,811 | ▲ 6.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€30,130 | -€115 | ▲ 99.6% |
| Other operating charges640/8 | - | - | - | €21,814 | €1,890 | ▼ 91.3% |
| Gross operating margin9900 | €212,585 | €288,353 | €285,698 | €272,899 | €319,759 | ▲ 17.2% |
| Operating profit (loss)9901 | €72,679 | €103,584 | €120,526 | €112,361 | €146,301 | ▲ 30.2% |
| Financial income75/76B | - | - | - | €969 | €1,334 | ▲ 37.7% |
| Recurring financial income75 | €125 | €42 | €12 | €969 | €1,334 | ▲ 37.7% |
| Financial charges65/66B | - | - | - | €1,182 | €1,181 | ▼ 0.1% |
| Recurring financial charges65 | €1,243 | €1,041 | €1,028 | €1,182 | €1,181 | ▼ 0.1% |
| Profit (loss) for the period before taxes9903 | €71,561 | €102,585 | €119,510 | €112,148 | €146,454 | ▲ 30.6% |
| Income taxes67/77 | €22,854 | €31,146 | €31,500 | €29,134 | €37,935 | ▲ 30.2% |
| Profit (loss) for the period9904 | €48,707 | €71,439 | €88,010 | €83,013 | €108,519 | ▲ 30.7% |
| Transfer from tax-exempt reserves789 | - | - | - | €1,243 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €48,707 | €71,439 | €88,010 | €84,256 | €108,519 | ▲ 28.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.8m | €0.9m | €1.1m | €0.9m | €0.6m | ▼ 30.2% |
| Fixed assets21/28 | €0.02m | €0.05m | €0.03m | €0.02m | €0.02m | ▼ 31.1% |
| Tangible fixed assets22/27 | €0.02m | €0.05m | €0.03m | €0.02m | €0.02m | ▼ 31.1% |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.02m | ▼ 31.1% |
| Current assets29/58 | €0.8m | €0.8m | €1.0m | €0.9m | €0.6m | ▼ 30.2% |
| Stocks and contracts in progress3 | €0.1m | €0.1m | €0.1m | €0.1m | €0.08m | ▼ 29.6% |
| Stocks30/36 | - | - | - | €0.1m | €0.08m | ▼ 29.6% |
| Amounts receivable within one year40/41 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 18.5% |
| Trade receivables40 | - | - | - | €0.3m | €0.3m | ▼ 19.8% |
| Other amounts receivable41 | - | - | - | €0.003m | €0.007m | ▲ 112% |
| Cash at bank and in hand54/58 | €0.4m | €0.4m | €0.7m | €0.4m | €0.3m | ▼ 39.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.004m | €0.006m | ▲ 62.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.8m | €0.9m | €1.1m | €0.9m | €0.6m | ▼ 30.2% |
| Equity10/15 | €0.3m | €0.4m | €0.2m | €0.05m | €0.02m | ▼ 65.1% |
| Contributions10/11 | €0.01m | €0.01m | - | €0.01m | €0.01m | = |
| Reserves13 | €0.3m | €0.4m | €0.2m | €0.03m | €0.002m | ▼ 93.5% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | = |
| Tax-exempt reserves132 | - | - | - | €0 | - | - |
| Distributable reserves133 | - | - | - | €0.03m | €253 | ▼ 99.2% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €0.5m | €0.5m | €0.8m | €0.9m | €0.6m | ▼ 28.3% |
| Amounts payable after more than one year17 | €0.01m | €0.03m | €0.02m | €0.01m | €0.005m | ▼ 56.9% |
| Financial debts170/4 | - | - | - | €0.01m | €0.005m | ▼ 56.9% |
| Amounts payable within one year42/48 | €0.5m | €0.5m | €0.8m | €0.8m | €0.6m | ▼ 27.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.007m | €0.007m | ▲ 1.1% |
| Trade debts44 | €0.2m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 19.1% |
| Suppliers440/4 | - | - | - | €0.3m | €0.2m | ▼ 19.1% |
| Advances received on contracts in progress46 | - | - | - | €0.2m | €0.1m | ▼ 43.2% |
| Taxes, remuneration and social security45 | - | - | - | €0.08m | €0.1m | ▲ 38.1% |
| Taxes450/3 | - | - | - | €0.05m | €0.08m | ▲ 52.7% |
| Remuneration and social security454/9 | - | - | - | €0.02m | €0.02m | ▲ 4.5% |
| Other amounts payable47/48 | - | - | - | €0.3m | €0.1m | ▼ 44.4% |
| Accrued charges and deferred income492/3 | - | - | - | €218 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,707 | €71,439 | €88,010 | €83,013 | €108,519 | ▲ 30.7% |
| + Depreciation and write-downs630 | €6,232 | €8,392 | €11,050 | €8,311 | €8,811 | ▲ 6.0% |
| Operating cash flow (approximation) | €54,939 | €79,831 | €99,060 | €91,325 | €117,331 | ▲ 28.5% |
| Investment in fixed assets (approximation) | - | -€37,312 | €4,619 | €1,767 | -€1,900 | - |
| Change in cash | - | €4,654 | €269,825 | -€215,150 | -€174,055 | ▲ 19.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | abbreviated format | 03-03-2023 | 2023-00037175 |
| 31-12-2021 | abbreviated format | 07-06-2022 | 2022-20051054 |
| 31-12-2020 | abbreviated format | 15-06-2021 | 2021-20400053 |
| 31-12-2019 | abbreviated format | 27-06-2020 | 2020-21900269 |
| 31-12-2018 | abbreviated format | 04-07-2019 | 2019-29100445 |
| 31-12-2017 | abbreviated format | 26-06-2018 | 2018-23400388 |
| 31-12-2016 | abbreviated format | 07-07-2017 | 2017-29400349 |
| 31-12-2015 | full format | 08-07-2016 | 2016-29700462 |
| 31-12-2014 | full format | 06-07-2015 | 2015-28400081 |
| 31-12-2013 | full format | 19-06-2014 | 2014-19200580 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.