AIRPRO
Dissolved and wound upFinancials · financial year 2023, micro format
Annual accounts 2023 filed on 30-04-2024 PDF all 23 filings
Turnover
≈ €57,000
Estimated: probably between €26,000 and €140,000
Total assets
€32,370▼ 73.3%
2022 · €121,076
Net result
€641▼ 98.3%
2022 · €36,838
Working capital
€28,687▲ 16.6%
2022 · €24,594
Multi-year overview
2019 to 2023, 5 financial yearsOperating result
€3,062
▼ 91.4%
2023
20192023
Net result
€641
▼ 98.3%
2023
20192023
Equity
€27,492
▲ 2.4%
2023
20192023
Total assets
€32,370
▼ 73.3%
2023
20192023
Debt
€4,878
▼ 94.8%
2023
20192023
Working capital
€28,687
▲ 16.6%
2023
20192023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Operating result-€1,893--€43,415▼ 2,194%-€32,906▲ 24.2%€35,673€3,062▼ 91.4%
Net result-€11,613--€44,575▼ 284%-€30,140▲ 32.4%€36,838€641▼ 98.3%
Equity€151,728-€107,153▼ 29.4%€77,013▼ 28.1%€26,851▼ 65.1%€27,492▲ 2.4%
Total assets€198,100-€123,073▼ 37.9%€86,523▼ 29.7%€121,076▲ 39.9%€32,370▼ 73.3%
Debt€46,372-€15,920▼ 65.7%€9,510▼ 40.3%€94,225▲ 891%€4,878▼ 94.8%
Working capital€131,091-€87,078▼ 33.6%€70,287▼ 19.3%€24,594▼ 65.0%€28,687▲ 16.6%
The operating result for 2023 is 91% lower than 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 €32,370
Fixed assets
€2,876 ▼ 49.7%
Current assets
€29,494 ▼ 74.4%
Equity and liabilities €32,370
Equity
€27,492 ▲ 2.4%
Debt
€4,878 ▼ 94.8%
Debt's share of the balance-sheet total falls from 77.8% to 15.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5,904▼
2022 · €38,515
Cash flow
€3,483▼
2022 · €39,680
Current ratio
36.54▲
2022 · 1.27
Debt to equity
0.18▼
2022 · 3.51
ROE
2.3%▼
2022 · 137.2%
ROA
2.0%▼
2022 · 30.4%
Interest coverage
3.03▼
2022 · over 100
Debt ≤ 1 year
€807▼
2022 · €90,764
Income taxes
€587▼
2022 · €953
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €17,195 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,430 | €14,949 | €14,967 | €2,842 | €2,842 | = |
| Other operating charges640/8 | - | - | - | €1,706 | €1,499 | ▼ 12.1% |
| Gross operating margin9900 | €16,193 | -€26,291 | -€16,362 | €40,221 | €7,404 | ▼ 81.6% |
| Operating profit (loss)9901 | -€1,893 | -€43,415 | -€32,906 | €35,673 | €3,062 | ▼ 91.4% |
| Financial income75/76B | - | - | - | €2,242 | €114 | ▼ 94.9% |
| Recurring financial income75 | €10 | €214 | €3,655 | €2,242 | €114 | ▼ 94.9% |
| Financial charges65/66B | - | - | - | €124 | €1,948 | ▲ 16× |
| Recurring financial charges65 | €3,212 | €808 | €205 | €124 | €1,948 | ▲ 16× |
| Profit (loss) for the period before taxes9903 | -€5,095 | -€44,009 | -€29,456 | €37,791 | €1,228 | ▼ 96.8% |
| Income taxes67/77 | €6,519 | €566 | €684 | €953 | €587 | ▼ 38.5% |
| Profit (loss) for the period9904 | -€11,613 | -€44,575 | -€30,140 | €36,838 | €641 | ▼ 98.3% |
| Profit (loss) for the period to be appropriated9905 | -€11,613 | -€44,575 | -€30,140 | €36,838 | €641 | ▼ 98.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €198,100 | €123,073 | €86,523 | €121,076 | €32,370 | ▼ 73.3% |
| Fixed assets21/28 | €35,290 | €23,527 | €8,560 | €5,718 | €2,876 | ▼ 49.7% |
| Tangible fixed assets22/27 | €35,290 | €23,527 | €8,560 | €5,718 | €2,876 | ▼ 49.7% |
| Plant, machinery and equipment23 | - | - | - | €5,165 | €2,876 | ▼ 44.3% |
| Furniture and vehicles24 | - | - | - | €231 | - | - |
| Other tangible fixed assets26 | - | - | - | €322 | - | - |
| Current assets29/58 | €162,810 | €99,546 | €77,963 | €115,358 | €29,494 | ▼ 74.4% |
| Stocks and contracts in progress3 | €11,128 | €10,052 | - | - | - | - |
| Amounts receivable within one year40/41 | €44,344 | €52,003 | €53,968 | €83,738 | €14,887 | ▼ 82.2% |
| Trade receivables40 | - | - | - | €14,711 | - | - |
| Other amounts receivable41 | - | - | - | €69,027 | €14,887 | ▼ 78.4% |
| Cash at bank and in hand54/58 | €106,738 | €34,957 | €18,812 | €27,752 | €12,821 | ▼ 53.8% |
| Deferred charges and accrued income490/1 | - | - | - | €3,868 | €1,787 | ▼ 53.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €198,100 | €123,073 | €86,523 | €121,076 | €32,370 | ▼ 73.3% |
| Equity10/15 | €151,728 | €107,153 | €77,013 | €26,851 | €27,492 | ▲ 2.4% |
| Contributions10/11 | €18,600 | - | - | €18,600 | €18,600 | = |
| Reserves13 | €135,616 | €135,616 | €135,616 | €48,616 | €48,616 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €46,756 | €46,756 | = |
| Profit (loss) carried forward14 | -€2,488 | -€47,063 | -€77,202 | -€40,364 | -€39,723 | ▲ 1.6% |
| Amounts payable17/49 | €46,372 | €15,920 | €9,510 | €94,225 | €4,878 | ▼ 94.8% |
| Amounts payable after more than one year17 | €11,250 | €1,618 | - | - | - | - |
| Amounts payable within one year42/48 | €31,719 | €12,469 | €7,676 | €90,764 | €807 | ▼ 99.1% |
| Trade debts44 | €2,847 | €1,507 | - | €109 | €221 | ▲ 102% |
| Suppliers440/4 | - | - | - | €109 | €221 | ▲ 102% |
| Taxes, remuneration and social security45 | - | - | - | €3,654 | €587 | ▼ 83.9% |
| Taxes450/3 | - | - | - | €3,654 | €587 | ▼ 83.9% |
| Other amounts payable47/48 | - | - | - | €87,000 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €3,461 | €4,071 | ▲ 17.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,613 | -€44,575 | -€30,140 | €36,838 | €641 | ▼ 98.3% |
| + Depreciation and write-downs630 | €16,430 | €14,949 | €14,967 | €2,842 | €2,842 | = |
| Operating cash flow (approximation) | €4,816 | -€29,626 | -€15,173 | €39,680 | €3,483 | ▼ 91.2% |
| Investment in fixed assets (approximation) | - | -€3,186 | €0 | €0 | €0 | - |
| Change in cash | - | -€71,781 | -€16,145 | €8,940 | -€14,931 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2023 | micro format | 30-04-2024 | 2024-00078604 | |
| 30-09-2022 | micro format | 27-04-2023 | 2023-00071855 | |
| 30-09-2021 | micro format | 15-03-2022 | 2022-07700356 | |
| 30-09-2020 | micro format | 28-04-2021 | 2021-11600347 | |
| 30-09-2019 | micro format | 02-03-2020 | 2020-06100599 | |
| 30-09-2018 | micro format | 28-02-2019 | 2019-06200088 | |
| 30-09-2017 | micro format | 13-03-2018 | 2018-07000070 | |
| 30-09-2016 | abbreviated format | 08-03-2017 | 2017-06200068 | |
| 30-09-2015 | abbreviated format | 11-03-2016 | 2016-06300075 | |
| 30-09-2014 | abbreviated format | 26-02-2015 | 2015-05000591 |