APOLLO LIER
InactiveFinancials · financial year 2022, full format
Annual accounts 2022 filed on 08-06-2023 PDF all 8 filings
Turnover
€1.1m▲ 648%
2021 · €152,027
EBIT margin
29.5%▲ 11.9pp
2021 · 17.6%
Net result
-€125,071
2021 · €20,741
Working capital
€728,764▲ 420%
2021 · €140,066
Multi-year overview
2018 to 2022, 5 financial yearsTurnover
€1.1m
▲ 648%
2022
20182022
Operating result
€335,813
▲ 13×
2022
20182022
Net result
-€125,071
2022
20182022
EBIT margin
29.5%
▲ 11.9pp
2022
20182022
Equity
€25.1m
▼ 0.5%
2022
20182022
Total assets
€25.6m
▼ 4.3%
2022
20182022
Debt
€432,980
▼ 70.5%
2022
20182022
Working capital
€728,764
▲ 420%
2022
20182022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Turnover€0.2m€1.1m▲ 648%
Operating result€0.003m--€0.003m€0.009m€0.03m▲ 208%€0.3m▲ 13×
Net result€0.003m--€0.003m€0.005m€0.02m▲ 289%-€0.1m
EBIT margin17.6%29.5%▲ 11.9pp
Equity€0.7m-€0.6m▼ 0.5%€0.7m▲ 0.8%€25.3m▲ 39×€25.1m▼ 0.5%
Total assets€0.7m-€0.7m▲ 1.2%€11.6m▲ 18×€26.7m▲ 130%€25.6m▼ 4.3%
Debt€117-€0.01m▲ 94×€10.9m▲ 995×€1.5m▼ 86.6%€0.4m▼ 70.5%
Working capital€0.7m-€0.6m▼ 0.5%-€10.9m€0.1m€0.7m▲ 420%
The operating result for 2022 is nearly 13 times that of 2021 and the highest since 2018. It is the third rise in a row, after the fall in 2019.
Large changes and their cause
- 2022 Turnover +648% on 2021. This financial year ran 11 months, the previous one 12.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €25.6m
Fixed assets
€24.5m ▼ 2.4%
Current assets
€1.1m ▼ 34.5%
Equity and liabilities €25.6m
Equity
€25.1m ▼ 0.5%
Debt
€432,980 ▼ 70.5%
Debt's share of the balance-sheet total falls from 5.5% to 1.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€939,385▲
2021 · €108,320
Cash flow
€478,501▲
2021 · €102,305
Current ratio
3.26▲
2021 · 1.10
Debt to equity
0.02▼
2021 · 0.06
ROE
-0.5%▼
2021 · 0.1%
ROA
-0.5%▼
2021 · 0.1%
Interest coverage
over 100▲
2021 · 49.33
Debt ≤ 1 year
€322,784▼
2021 · €1.5m
Income taxes
€459,489▲
2021 · €4,190
Customer credit
34 days▼
2021 · 401 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 29-11-2022 |
|---|---|---|
| Tangible fixed assets | €13.6m | - |
| Depreciation and write-downs of the year | €81,564 | €603,572 |
Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)
Auditor
| Item | 2021 | 29-11-2022 |
|---|---|---|
| Fee for the audit | €3,075 | €3,933 |
Source: notes to the 2021 to 2022 annual accounts (relations with the auditor)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €0.2m | €1.1m | ▲ 643% |
| Turnover70 | - | - | - | €0.2m | €1.1m | ▲ 648% |
| Other operating income74 | - | - | - | €0.001m | €0.001m | ▼ 47.3% |
| Operating charges60/66A | - | - | - | €0.1m | €0.8m | ▲ 534% |
| Services and other goods61 | - | - | - | €0.04m | €0.2m | ▲ 346% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | - | €0.08m | €0.6m | ▲ 640% |
| Other operating charges640/8 | - | - | - | €410 | €164 | ▼ 60.0% |
| Gross operating margin9900 | €0.003m | -€0.002m | €0.009m | - | - | - |
| Operating profit (loss)9901 | €0.003m | -€0.003m | €0.009m | €0.03m | €0.3m | ▲ 13× |
| Financial income75/76B | - | - | - | €371 | - | - |
| Recurring financial income75 | €0 | - | - | €371 | - | - |
| Income from current assets751 | - | - | - | €371 | - | - |
| Financial charges65/66B | - | - | - | €0.002m | €0.001m | ▼ 36.5% |
| Recurring financial charges65 | €27 | €26 | €0.003m | €0.002m | €0.001m | ▼ 36.5% |
| Debt charges650 | - | - | - | - | €0.001m | - |
| Other financial charges652/9 | - | - | - | €0.002m | €0.001m | ▼ 73.8% |
| Profit (loss) for the period before taxes9903 | €0.003m | -€0.003m | €0.005m | €0.02m | €0.3m | ▲ 13× |
| Income taxes67/77 | €0 | - | - | €0.004m | €0.5m | ▲ 110× |
| Taxes670/3 | - | - | - | €0.004m | €0.5m | ▲ 110× |
| Profit (loss) for the period9904 | €0.003m | -€0.003m | €0.005m | €0.02m | -€0.1m | - |
| Profit (loss) for the period to be appropriated9905 | €0.003m | -€0.003m | €0.005m | €0.02m | -€0.1m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.7m | €0.7m | €11.6m | €26.7m | €25.6m | ▼ 4.3% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €0 | - | €11.6m | €25.1m | €24.5m | ▼ 2.4% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €0 | - | €11.6m | €25.1m | €24.5m | ▼ 2.4% |
| Land and buildings22 | - | - | - | €25.1m | €24.5m | ▼ 2.4% |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €0.7m | €0.7m | €0.03m | €1.6m | €1.1m | ▼ 34.5% |
| Stocks and contracts in progress3 | €0 | €0.3m | €0 | - | - | - |
| Amounts receivable within one year40/41 | €0.5m | €0.1m | €0 | €1.4m | €0.1m | ▼ 92.3% |
| Trade receivables40 | - | - | - | €0.2m | €0.1m | ▼ 36.2% |
| Other amounts receivable41 | - | - | - | €1.2m | - | - |
| Current investments50/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.07m | €0.2m | €0.03m | €0.06m | €0.02m | ▼ 61.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.2m | €0.9m | ▲ 506% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.7m | €0.7m | €11.6m | €26.7m | €25.6m | ▼ 4.3% |
| Equity10/15 | €0.7m | €0.6m | €0.7m | €25.3m | €25.1m | ▼ 0.5% |
| Contributions10/11 | €0.7m | €0.7m | €0.7m | €25.3m | €25.3m | = |
| Capital10 | - | - | - | €25.3m | €25.3m | = |
| Issued capital100 | - | - | - | €25.3m | €25.3m | = |
| Reserves13 | €0 | - | - | €0.001m | €0.001m | = |
| Non-distributable reserves130/1 | - | - | - | €0.001m | €0.001m | = |
| Legal reserve130 | - | - | - | €0.001m | €0.001m | = |
| Profit (loss) carried forward14 | -€0.01m | -€0.01m | -€0.008m | €0.01m | -€0.1m | - |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €117 | €0.01m | €10.9m | €1.5m | €0.4m | ▼ 70.5% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €117 | €0.01m | €10.9m | €1.5m | €0.3m | ▼ 78.0% |
| Trade debts44 | €117 | €0.01m | €1.1m | €1.5m | €0.005m | ▼ 99.7% |
| Suppliers440/4 | - | - | - | €1.5m | €0.005m | ▼ 99.7% |
| Taxes, remuneration and social security45 | - | - | - | €0.004m | €0.07m | ▲ 17× |
| Taxes450/3 | - | - | - | €0.004m | €0.07m | ▲ 17× |
| Other amounts payable47/48 | - | - | - | - | €0.2m | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.1m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.003m | -€0.003m | €0.005m | €0.02m | -€0.1m | - |
| + Depreciation and write-downs630 | €0 | - | - | €0.08m | €0.6m | ▲ 640% |
| Operating cash flow (approximation) | €0.003m | -€0.003m | €0.005m | €0.1m | €0.5m | ▲ 368% |
| Investment in fixed assets (approximation) | - | - | - | -€13.6m | €0 | - |
| Change in cash | - | €0.1m | -€0.2m | €0.03m | -€0.04m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 29-11-2022 | full format | 08-06-2023 | 2023-00116794 | |
| 31-12-2021 | full format | 30-06-2022 | 2022-20149368 | |
| 31-12-2020 | abbreviated format | 11-06-2021 | 2021-19100398 | |
| 31-12-2019 | abbreviated format | 15-06-2020 | 2020-17100070 | |
| 31-12-2018 | micro format | 21-06-2019 | 2019-21300498 | |
| 31-12-2017 | micro format | 27-06-2018 | 2018-24200437 | |
| 31-12-2016 | abbreviated format | 18-05-2017 | 2017-12600036 | |
| 31-12-2015 | abbreviated format | 11-07-2016 | 2016-30200133 |