ALL REFRESH
Open bankruptcyFinancials · financial year 2023, micro format
Annual accounts 2023 filed on 20-12-2023 PDF all 14 filings
Turnover
€2.1m
EBIT margin
4.4%
Net result
€73,861
2022 · -€37,384
Working capital
€86,884▲ 135%
2022 · €37,018
Multi-year overview
2019 to 2023, 5 financial yearsTurnover
€2.1m
2023
20192023
Operating result
€89,949
2023
20192023
Net result
€73,861
2023
20192023
EBIT margin
4.4%
2023
20192023
Equity
€124,251
▲ 147%
2023
20192023
Total assets
€226,660
▲ 52.2%
2023
20192023
Debt
€102,409
▲ 4.0%
2023
20192023
Working capital
€86,884
▲ 135%
2023
20192023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Turnover€2.1m
Operating result€0.05m-€0.1m▲ 95.8%€0.005m▼ 94.8%-€0.04m€0.09m
Net result€0.04m-€0.06m▲ 60.3%€0.002m▼ 97.3%-€0.04m€0.07m
EBIT margin4.4%
Equity€0.02m-€0.09m▲ 293%€0.09m▲ 2.0%€0.05m▼ 42.6%€0.1m▲ 147%
Total assets€0.1m-€0.3m▲ 157%€0.4m▲ 44.7%€0.1m▼ 63.8%€0.2m▲ 52.2%
Debt€0.09m-€0.2m▲ 123%€0.3m▲ 63.3%€0.1m▼ 69.5%€0.1m▲ 4.0%
Working capital€0.009m-€0.06m▲ 512%€0.07m▲ 16.5%€0.04m▼ 43.6%€0.09m▲ 135%
The operating result for 2023 is a profit of €89,949, after a loss of €36,612 in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €226,660
Fixed assets
€37,367 ▲ 98.0%
Current assets
€189,293 ▲ 45.6%
Equity and liabilities €226,660
Equity
€124,251 ▲ 147%
Debt
€102,409 ▲ 4.0%
Debt's share of the balance-sheet total falls from 66.2% to 45.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€98,630▲
2022 · -€28,175
Cash flow
€82,542▲
2022 · -€28,947
Current ratio
1.85▲
2022 · 1.40
Debt to equity
0.82▼
2022 · 1.95
ROE
59.4%▲
2022 · -74.2%
ROA
32.6%▲
2022 · -25.1%
Interest coverage
over 100▲
2022 · -30.49
Debt ≤ 1 year
€102,409▲
2022 · €92,992
Income taxes
€15,457▲
2022 · -€6
Customer credit
27 days
Supplier credit
15 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 |
|---|---|---|
| Tangible fixed assets | €543 | €38,595 |
| Financial fixed assets | - | €900 |
| Depreciation and write-downs of the year | €8,437 | €8,681 |
Source: notes to the 2022 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €2.1m | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €2.0m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.005m | €0.006m | €0.01m | €0.008m | €0.009m | ▲ 2.9% |
| Other operating charges640/8 | - | - | - | €0.003m | €0.001m | ▼ 81.7% |
| Gross operating margin9900 | €0.06m | €0.1m | €0.02m | -€0.02m | €0.1m | - |
| Operating profit (loss)9901 | €0.05m | €0.1m | €0.005m | -€0.04m | €0.09m | - |
| Financial income75/76B | - | - | - | €146 | €122 | ▼ 16.4% |
| Recurring financial income75 | €62 | €278 | €0.001m | €146 | €122 | ▼ 16.4% |
| Financial charges65/66B | - | - | - | €0.001m | €0.001m | ▼ 18.5% |
| Recurring financial charges65 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▼ 18.5% |
| Profit (loss) for the period before taxes9903 | €0.05m | €0.09m | €0.004m | -€0.04m | €0.09m | - |
| Income taxes67/77 | €0.008m | €0.03m | €0.003m | -€6 | €0.02m | - |
| Profit (loss) for the period9904 | €0.04m | €0.06m | €0.002m | -€0.04m | €0.07m | - |
| Profit (loss) for the period to be appropriated9905 | €0.04m | €0.06m | €0.002m | -€0.04m | €0.07m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €110,667 | €284,034 | €411,087 | €148,883 | €226,660 | ▲ 52.2% |
| Fixed assets21/28 | €12,714 | €40,632 | €30,429 | €18,873 | €37,367 | ▲ 98.0% |
| Intangible fixed assets21 | €540 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €12,174 | €40,632 | €30,429 | €18,873 | €36,467 | ▲ 93.2% |
| Plant, machinery and equipment23 | - | - | - | €1,537 | €29,854 | ▲ 19× |
| Furniture and vehicles24 | - | - | - | €3,569 | €6,613 | ▲ 85.3% |
| Leasing and similar rights25 | - | - | - | €13,750 | - | - |
| Other tangible fixed assets26 | - | - | - | €17 | - | - |
| Financial fixed assets28 | - | - | - | - | €900 | - |
| Current assets29/58 | €97,952 | €243,402 | €380,658 | €130,010 | €189,293 | ▲ 45.6% |
| Stocks and contracts in progress3 | €3,500 | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €30,550 | €209,489 | €366,882 | €114,261 | €168,227 | ▲ 47.2% |
| Trade receivables40 | - | - | - | €100,683 | €150,358 | ▲ 49.3% |
| Other amounts receivable41 | - | - | - | €13,578 | €17,869 | ▲ 31.6% |
| Cash at bank and in hand54/58 | €63,902 | €29,627 | €9,709 | €15,749 | €20,199 | ▲ 28.3% |
| Deferred charges and accrued income490/1 | - | - | - | - | €867 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €110,667 | €284,034 | €411,087 | €148,883 | €226,660 | ▲ 52.2% |
| Equity10/15 | €21,912 | €86,068 | €87,774 | €50,390 | €124,251 | ▲ 147% |
| Contributions10/11 | €18,600 | - | - | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €67,468 | €67,468 | €67,468 | €67,468 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €65,608 | €65,608 | = |
| Profit (loss) carried forward14 | €1,452 | €0 | €1,706 | -€35,678 | €38,183 | - |
| Amounts payable17/49 | €88,755 | €197,966 | €323,314 | €98,493 | €102,409 | ▲ 4.0% |
| Amounts payable after more than one year17 | - | €10,874 | €8,233 | €5,501 | - | - |
| Financial debts170/4 | - | - | - | €5,501 | - | - |
| Amounts payable within one year42/48 | €88,755 | €187,092 | €315,081 | €92,992 | €102,409 | ▲ 10.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €2,732 | - | - |
| Financial debts43 | - | - | - | €87 | - | - |
| Credit institutions430/8 | - | - | - | €87 | - | - |
| Trade debts44 | €33,578 | €133,852 | €308,426 | €88,699 | €78,670 | ▼ 11.3% |
| Suppliers440/4 | - | - | - | €88,699 | €78,670 | ▼ 11.3% |
| Taxes, remuneration and social security45 | - | - | - | €234 | €16,405 | ▲ 70× |
| Taxes450/3 | - | - | - | €234 | €16,405 | ▲ 70× |
| Other amounts payable47/48 | - | - | - | €1,240 | €7,334 | ▲ 491% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40,029 | €64,156 | €1,706 | -€37,384 | €73,861 | - |
| + Depreciation and write-downs630 | €4,646 | €5,544 | €10,661 | €8,437 | €8,681 | ▲ 2.9% |
| Operating cash flow (approximation) | €44,675 | €69,700 | €12,367 | -€28,947 | €82,542 | - |
| Investment in fixed assets (approximation) | - | -€33,461 | -€458 | €3,119 | -€27,175 | - |
| Change in cash | - | -€34,276 | -€19,918 | €6,040 | €4,450 | ▼ 26.3% |
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 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2023 | micro format | 20-12-2023 | 2023-00534377 | |
| 30-06-2022 | micro format | 14-11-2022 | 2022-20519345 | |
| 30-06-2021 | micro format | 18-12-2021 | 2021-80800173 | |
| 30-06-2020 | micro format | 01-03-2021 | 2021-06600475 | |
| 30-06-2019 | micro format | 29-02-2020 | 2020-06200292 | |
| 30-06-2018 | micro format | 30-01-2019 | 2019-03400349 | |
| 30-06-2017 | micro format | 31-01-2018 | 2018-04000446 | |
| 30-06-2016 | full format | 31-01-2017 | 2017-03900420 | |
| 30-06-2015 | full format | 15-01-2016 | 2016-01800096 | |
| 30-06-2014 | full format | 05-01-2015 | 2015-00100378 |