ARANDO
InactiveFinancials · financial year 2021, micro format
2021 annual accounts filed 153 days after the deadline Filed on 31 December 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2023-20552843.
Annual accounts 2021 filed on 31-12-2022 PDF all 2 filings
Turnover
€880,525
EBIT margin
2.4%
Net result
€12,048▼ 79.0%
2020 · €57,338
Working capital
€28,112▼ 14.0%
2020 · €32,695
Trend over the years
2020 to 2021, 2 financial years
The operating result for 2021 is 72% lower than in 2020.
Operating result€21,570
2021
Net result€12,048
2021
Total assets€480,397
2021
Equity€71,386
2021
Debt€409,011
2021
Working capital€28,112
2021
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20202021
Turnover€880,525
Operating result€75,853-€21,570▼ 71.6%
Net result€57,338-€12,048▼ 79.0%
EBIT margin2.4%
Equity€59,338-€71,386▲ 20.3%
Total assets€158,540-€480,397▲ 203%
Debt€99,202-€409,011▲ 312%
Working capital€32,695-€28,112▼ 14.0%
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €480,397
Fixed assets
€211,590 ▲ 185%
Current assets
€268,807 ▲ 219%
Equity and liabilities €480,397
Equity
€71,386 ▲ 20.3%
Debt
€409,011 ▲ 312%
Debt's share of the balance-sheet total rises from 62.6% to 85.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€44,189▼
2020 · €88,915
Cash flow
€34,667▼
2020 · €70,400
Current ratio
1.12▼
2020 · 1.63
Quick ratio
0.98▼
2020 · 1.63
Debt to equity
5.73▲
2020 · 0.80
ROE
16.9%▼
2020 · 96.6%
ROA
2.5%▼
2020 · 36.2%
Interest coverage
9.39
Debt ≤ 1 year
€240,695▲
2020 · €51,633
Debt > 1 year
€168,316▲
2020 · €47,569
Income taxes
€4,967▼
2020 · €16,204
Customer credit
60 days
Supplier credit
84 days
Staff costs
€121,162
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 |
|---|---|
| Tangible fixed assets | €1,156 |
| Intangible fixed assets | €152,000 |
| Financial fixed assets | €6,840 |
| Depreciation and write-downs of the year | €22,619 |
Source: notes to the 2021 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Turnover70 | - | €880,525 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €719,188 | - |
| Remuneration, social security and pensions62 | - | €121,162 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,062 | €22,619 | ▲ 73.2% |
| Other operating charges640/8 | - | €3,685 | - |
| Gross operating margin9900 | €148,584 | €169,035 | ▲ 13.8% |
| Operating profit (loss)9901 | €75,853 | €21,570 | ▼ 71.6% |
| Financial income75/76B | - | €152 | - |
| Recurring financial income75 | €97 | €152 | ▲ 56.0% |
| Financial charges65/66B | - | €4,707 | - |
| Recurring financial charges65 | €2,408 | €4,707 | ▲ 95.5% |
| Profit (loss) for the period before taxes9903 | €73,542 | €17,015 | ▼ 76.9% |
| Income taxes67/77 | €16,204 | €4,967 | ▼ 69.3% |
| Profit (loss) for the period9904 | €57,338 | €12,048 | ▼ 79.0% |
| Profit (loss) for the period to be appropriated9905 | €57,338 | €12,048 | ▼ 79.0% |
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €158,540 | €480,397 | ▲ 203% |
| Fixed assets21/28 | €74,213 | €211,590 | ▲ 185% |
| Intangible fixed assets21 | - | €145,587 | - |
| Tangible fixed assets22/27 | €70,013 | €54,963 | ▼ 21.5% |
| Plant, machinery and equipment23 | - | €13,663 | - |
| Furniture and vehicles24 | - | €41,300 | - |
| Financial fixed assets28 | €4,200 | €11,040 | ▲ 163% |
| Current assets29/58 | €84,327 | €268,807 | ▲ 219% |
| Stocks and contracts in progress3 | - | €32,141 | - |
| Stocks30/36 | - | €32,141 | - |
| Amounts receivable within one year40/41 | €25,850 | €163,147 | ▲ 531% |
| Trade receivables40 | - | €145,000 | - |
| Other amounts receivable41 | - | €18,147 | - |
| Cash at bank and in hand54/58 | €53,406 | €72,742 | ▲ 36.2% |
| Deferred charges and accrued income490/1 | - | €777 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €158,540 | €480,397 | ▲ 203% |
| Equity10/15 | €59,338 | €71,386 | ▲ 20.3% |
| Contributions10/11 | - | €2,000 | - |
| Reserves13 | €57,338 | €57,338 | = |
| Distributable reserves133 | - | €57,338 | - |
| Profit (loss) carried forward14 | - | €12,048 | - |
| Amounts payable17/49 | €99,202 | €409,011 | ▲ 312% |
| Amounts payable after more than one year17 | €47,569 | €168,316 | ▲ 254% |
| Financial debts170/4 | - | €168,316 | - |
| Amounts payable within one year42/48 | €51,633 | €240,695 | ▲ 366% |
| Current portion of amounts payable after more than one year42 | - | €29,319 | - |
| Trade debts44 | €19,153 | €164,733 | ▲ 760% |
| Suppliers440/4 | - | €164,733 | - |
| Taxes, remuneration and social security45 | - | €21,643 | - |
| Taxes450/3 | - | €21,643 | - |
| Other amounts payable47/48 | - | €25,000 | - |
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €57,338 | €12,048 | ▼ 79.0% |
| + Depreciation and write-downs630 | €13,062 | €22,619 | ▲ 73.2% |
| Operating cash flow (approximation) | €70,400 | €34,667 | ▼ 50.8% |
| Investment in fixed assets (approximation) | - | -€159,996 | - |
| Change in cash | - | €19,336 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.