AMNOTRIM
Open bankruptcyFinancials · financial year 2021, abbreviated format
2021 annual accounts filed 75 days after the deadline Filed on 14 October 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20463294.
Annual accounts 2021 filed on 14-10-2022 PDF all 12 filings
Amounts without an identifiable currency are taken as euros.
Turnover
≈ €1.4m
Estimated: probably between €1.0m and €2.1m
Total assets
€837,369▲ 69.1%
2020 · €495,254
Net result
€41,033▼ 6.6%
2020 · €43,946
Working capital
€131,713▲ 193%
2020 · €44,938
Multi-year overview
2018 to 2021, 4 financial yearsOperating result
€32,054
▼ 11.2%
2021
20182021
Net result
€41,033
▼ 6.6%
2021
middle half of the sector
20182021
Equity
-€885
▲ 97.9%
2021
lowest quarter of the sector
20182021
Total assets
€837,369
▲ 69.1%
2021
middle half of the sector
20182021
Debt
€838,255
▲ 56.0%
2021
20182021
Working capital
€131,713
▲ 193%
2021
middle half of the sector
20182021
Solvency
-0.1%
▲ 8.4pp
2021
lowest quarter of the sector
20182021
Current ratio
1.23
▲ 0.11
2021
middle half of the sector
20182021
Return on assets (ROA)
4.9%
▼ 4.0pp
2021
middle half of the sector
20182021
Staff (FTE)
4.6
▲ 15.0%
2021
middle half of the sector
20182021
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result-€57,441--€22,373▲ 61.1%€36,108€32,054▼ 11.2%
Net result-€57,680--€22,508▲ 61.0%€43,946above the sector's middle half€41,033within the sector's middle half▼ 6.6%
Equity-€63,357--€85,865▼ 35.5%-€41,918below the sector's middle half▲ 51.2%-€885below the sector's middle half▲ 97.9%
Total assets€296,034-€497,219▲ 68.0%€495,254above the sector's middle half▼ 0.4%€837,369within the sector's middle half▲ 69.1%
Debt€359,391-€583,084▲ 62.2%€537,173▼ 7.9%€838,255▲ 56.0%
Working capital€70,801-€84,621▲ 19.5%€44,938within the sector's middle half▼ 46.9%€131,713within the sector's middle half▲ 193%
Solvency-21.4%--17.3%▲ 4.1pp-8.5%below the sector's middle half▲ 8.8pp-0.1%below the sector's middle half▲ 8.4pp
Current ratio1.55-1.26▼ 0.281.12within the sector's middle half▼ 0.141.23within the sector's middle half▲ 0.11
Return on assets (ROA)-19.5%--4.5%▲ 15.0pp8.9%within the sector's middle half▲ 13.4pp4.9%within the sector's middle half▼ 4.0pp
Staff (FTE)2-4.4▲ 120%4above the sector's middle half▼ 9.1%4.6within the sector's middle half▲ 15.0%
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2021 is 11% lower than in 2020.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €837,369
Fixed assets
€129,957 ▲ 77.7%
Current assets
€707,413 ▲ 67.6%
Equity and liabilities
Equity-€885
Debt€838,255
Equity is negative. Debt (€838,255) exceeds the balance-sheet total (€837,369).
Key figures and ratios
EBITDA
€48,238▼
2020 · €54,279
Cash flow
€57,217▼
2020 · €62,117
Quick ratio
0.59▲
2020 · 0.52
Interest coverage
5.31
Debt ≤ 1 year
€575,700▲
2020 · €377,198
Debt > 1 year
€262,555▲
2020 · €159,975
Staff costs
€192,005
The equity ratios are withheld because equity of -€885 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 |
|---|---|
| Employees at the balance-sheet date | 5 |
| full-time | 5 |
| part-time | 0 |
| in full-time equivalents | 5 |
| Average over the year, in full-time equivalents | 4.6 |
| On a permanent contract | 5 |
| Joined | 3 |
| Left | 1 |
Source: social balance sheet in the 2021 annual accounts
Investments
| Item | 2021 |
|---|---|
| Tangible fixed assets | €73,022 |
| Depreciation and write-downs of the year | €16,184 |
Source: notes to the 2021 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €192,005 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,320 | €17,579 | €18,171 | €16,184 | ▼ 10.9% |
| Other operating charges640/8 | - | - | - | €348 | - |
| Gross operating margin9900 | -€34,740 | €148,970 | €202,388 | €240,591 | ▲ 18.9% |
| Operating profit (loss)9901 | -€57,441 | -€22,373 | €36,108 | €32,054 | ▼ 11.2% |
| Financial income75/76B | - | - | - | €18,071 | - |
| Recurring financial income75 | €0 | €11,968 | €16,912 | €18,071 | ▲ 6.9% |
| Financial charges65/66B | - | - | - | €9,092 | - |
| Recurring financial charges65 | €8,557 | €12,103 | €9,073 | €9,092 | ▲ 0.2% |
| Profit (loss) for the period before taxes9903 | -€57,670 | -€22,508 | €43,946 | €41,033 | ▼ 6.6% |
| Income taxes67/77 | €11 | €0 | - | - | - |
| Profit (loss) for the period9904 | -€57,680 | -€22,508 | €43,946 | €41,033 | ▼ 6.6% |
| Profit (loss) for the period to be appropriated9905 | -€57,680 | -€22,508 | €43,946 | €41,033 | ▼ 6.6% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €296,034 | €497,219 | €495,254 | €837,369 | ▲ 69.1% |
| Formation expenses20 | €0 | €0 | - | - | - |
| Fixed assets21/28 | €95,569 | €89,643 | €73,119 | €129,957 | ▲ 77.7% |
| Intangible fixed assets21 | €0 | €0 | - | - | - |
| Tangible fixed assets22/27 | €94,569 | €89,643 | €73,119 | €129,957 | ▲ 77.7% |
| Furniture and vehicles24 | - | - | - | €1,928 | - |
| Other tangible fixed assets26 | - | - | - | €128,029 | - |
| Financial fixed assets28 | €1,000 | €0 | - | - | - |
| Current assets29/58 | €200,466 | €407,577 | €422,136 | €707,413 | ▲ 67.6% |
| Stocks and contracts in progress3 | €70,325 | €245,118 | €224,311 | €367,742 | ▲ 63.9% |
| Stocks30/36 | - | - | - | €367,742 | - |
| Amounts receivable within one year40/41 | €118,202 | €100,493 | €54,128 | €161,702 | ▲ 199% |
| Trade receivables40 | - | - | - | €120,681 | - |
| Other amounts receivable41 | - | - | - | €41,020 | - |
| Current investments50/53 | €0 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €11,939 | €61,625 | €143,297 | €177,969 | ▲ 24.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €296,034 | €497,219 | €495,254 | €837,369 | ▲ 69.1% |
| Equity10/15 | -€63,357 | -€85,865 | -€41,918 | -€885 | ▲ 97.9% |
| Contributions10/11 | €18,550 | €18,550 | - | €18,550 | - |
| Profit (loss) carried forward14 | -€81,907 | -€104,415 | -€60,468 | -€19,435 | ▲ 67.9% |
| Amounts payable17/49 | €359,391 | €583,084 | €537,173 | €838,255 | ▲ 56.0% |
| Amounts payable after more than one year17 | €229,726 | €260,128 | €159,975 | €262,555 | ▲ 64.1% |
| Financial debts170/4 | - | - | - | €262,555 | - |
| Amounts payable within one year42/48 | €129,665 | €322,956 | €377,198 | €575,700 | ▲ 52.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €67,421 | - |
| Trade debts44 | €90,381 | €29,660 | €40,412 | €190,305 | ▲ 371% |
| Suppliers440/4 | - | - | - | €190,305 | - |
| Advances received on contracts in progress46 | - | - | - | €269,399 | - |
| Taxes, remuneration and social security45 | - | - | - | €48,575 | - |
| Taxes450/3 | - | - | - | €21,795 | - |
| Remuneration and social security454/9 | - | - | - | €26,780 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€57,680 | -€22,508 | €43,946 | €41,033 | ▼ 6.6% |
| + Depreciation and write-downs630 | €15,320 | €17,579 | €18,171 | €16,184 | ▼ 10.9% |
| Operating cash flow (approximation) | -€42,360 | -€4,929 | €62,117 | €57,217 | ▼ 7.9% |
| Investment in fixed assets (approximation) | - | -€11,653 | -€1,647 | -€73,022 | ▼ 4,334% |
| Change in cash | - | €49,686 | €81,672 | €34,671 | ▼ 57.5% |
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 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | abbreviated format | 14-10-2022 | 2022-20463294 | |
| 31-12-2020 | micro format | 29-06-2021 | 2021-29600238 | |
| 31-12-2019 | micro format | 23-07-2020 | 2020-34100509 | |
| 31-12-2018 | micro format | 25-07-2019 | 2019-39200218 | |
| 31-12-2017 | micro format | 31-07-2018 | 2018-41000116 | |
| 31-12-2016 | micro format | 09-08-2017 | 2017-42000523 | |
| 31-12-2015 | abbreviated format | 30-07-2016 | 2016-38400065 | |
| 31-12-2014 | abbreviated format | 27-08-2015 | 2015-49600050 | |
| 31-12-2013 | abbreviated format | 08-08-2014 | 2014-40600140 | |
| 31-12-2012 | abbreviated format | 30-08-2013 | 2013-52200048 |