ARANTES
Open bankruptcyFinancials · financial year 2021, micro format
Annual accounts 2021 filed on 28-07-2022 PDF all 4 filings
Turnover
≈ €140,000
Estimated: probably between €84,000 and €370,000
Total assets
€100,875▲ 43.5%
2020 · €70,318
Net result
€4,959▼ 71.1%
2020 · €17,147
Working capital
€3,859▼ 15.7%
2020 · €4,577
Multi-year overview
2018 to 2021, 4 financial yearsOperating result
€6,950
▼ 60.5%
2021
20182021
Net result
€4,959
▼ 71.1%
2021
middle half of the sector
20182021
Equity
€12,594
▲ 65.0%
2021
lowest quarter of the sector
20182021
Total assets
€100,875
▲ 43.5%
2021
middle half of the sector
20182021
Debt
€88,281
▲ 40.8%
2021
20182021
Working capital
€3,859
▼ 15.7%
2021
middle half of the sector
20182021
Solvency
12.5%
▲ 1.6pp
2021
lowest quarter of the sector
20182021
Current ratio
1.04
▼ 0.03
2021
middle half of the sector
20182021
Return on assets (ROA)
4.9%
▼ 19.5pp
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-€11,305--€3,819▲ 66.2%€17,597€6,950▼ 60.5%
Net result-€11,594--€4,118▲ 64.5%€17,147within the sector's middle half€4,959within the sector's middle half▼ 71.1%
Equity-€5,394--€9,512▼ 76.3%€7,635below the sector's middle half€12,594below the sector's middle half▲ 65.0%
Total assets€25,726-€48,664▲ 89.2%€70,318within the sector's middle half▲ 44.5%€100,875within the sector's middle half▲ 43.5%
Debt€31,120-€58,176▲ 86.9%€62,683▲ 7.7%€88,281▲ 40.8%
Working capital-€6,652--€9,827▼ 47.7%€4,577within the sector's middle half€3,859within the sector's middle half▼ 15.7%
Solvency-21.0%--19.5%▲ 1.4pp10.9%below the sector's middle half▲ 30.4pp12.5%below the sector's middle half▲ 1.6pp
Current ratio0.79-0.83▲ 0.041.07within the sector's middle half▲ 0.241.04within the sector's middle half▼ 0.03
Return on assets (ROA)-45.1%--8.5%▲ 36.6pp24.4%above the sector's middle half▲ 32.8pp4.9%within the sector's middle half▼ 19.5pp
above
within
below
The sector band is the middle half of the companies in Services to buildings and landscape activities (NACE 81). 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 61% lower than in 2020.
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
2021 in colour, 2020 as the grey bar beneath
Assets €100,875
Fixed assets
€8,735 ▲ 186%
Current assets
€92,140 ▲ 37.0%
Equity and liabilities €100,875
Equity
€12,594 ▲ 65.0%
Debt
€88,281 ▲ 40.8%
Debt's share of the balance-sheet total falls from 89.1% to 87.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€9,662▼
2020 · €18,704
Cash flow
€7,671▼
2020 · €18,254
Quick ratio
1.01▼
2020 · 1.07
Debt to equity
7.01
ROE
39.4%▼
2020 · 224.6%
Interest coverage
46.45
Debt ≤ 1 year
€88,281▲
2020 · €62,683
Income taxes
€1,786▲
2020 · €605
Supplier credit
115 days
Staff costs
€5,783
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 |
|---|---|
| Tangible fixed assets | €8,389 |
| Depreciation and write-downs of the year | €2,712 |
Source: notes to the 2021 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €218,262 | - |
| Remuneration, social security and pensions62 | - | - | - | €5,783 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,572 | €943 | €1,107 | €2,712 | ▲ 145% |
| Other operating charges640/8 | - | - | - | €989 | - |
| Gross operating margin9900 | €75 | -€2,045 | €19,046 | €16,434 | ▼ 13.7% |
| Operating profit (loss)9901 | -€11,305 | -€3,819 | €17,597 | €6,950 | ▼ 60.5% |
| Financial income75/76B | - | - | - | €3 | - |
| Recurring financial income75 | €33 | €5 | €290 | €3 | ▼ 99.0% |
| Financial charges65/66B | - | - | - | €208 | - |
| Recurring financial charges65 | €322 | €304 | €135 | €208 | ▲ 54.1% |
| Profit (loss) for the period before taxes9903 | -€11,594 | -€4,118 | €17,752 | €6,745 | ▼ 62.0% |
| Income taxes67/77 | - | - | €605 | €1,786 | ▲ 195% |
| Profit (loss) for the period9904 | -€11,594 | -€4,118 | €17,147 | €4,959 | ▼ 71.1% |
| Profit (loss) for the period to be appropriated9905 | -€11,594 | -€4,118 | €17,147 | €4,959 | ▼ 71.1% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €25,726 | €48,664 | €70,318 | €100,875 | ▲ 43.5% |
| Fixed assets21/28 | €1,258 | €315 | €3,058 | €8,735 | ▲ 186% |
| Tangible fixed assets22/27 | €1,258 | €315 | €3,058 | €8,735 | ▲ 186% |
| Furniture and vehicles24 | - | - | - | €8,735 | - |
| Current assets29/58 | €24,468 | €48,349 | €67,260 | €92,140 | ▲ 37.0% |
| Stocks and contracts in progress3 | - | - | - | €2,575 | - |
| Stocks30/36 | - | - | - | €2,575 | - |
| Amounts receivable within one year40/41 | €24,280 | €47,427 | €57,154 | €86,115 | ▲ 50.7% |
| Trade receivables40 | - | - | - | €83,512 | - |
| Other amounts receivable41 | - | - | - | €2,603 | - |
| Cash at bank and in hand54/58 | €188 | €922 | €9,796 | €3,450 | ▼ 64.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €25,726 | €48,664 | €70,318 | €100,875 | ▲ 43.5% |
| Equity10/15 | -€5,394 | -€9,512 | €7,635 | €12,594 | ▲ 65.0% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | - | €6,200 | - |
| Issued capital100 | - | - | - | €18,600 | - |
| Uncalled capital101 | - | - | - | €12,400 | - |
| Profit (loss) carried forward14 | -€11,594 | -€15,712 | €1,435 | €6,394 | ▲ 346% |
| Amounts payable17/49 | €31,120 | €58,176 | €62,683 | €88,281 | ▲ 40.8% |
| Amounts payable within one year42/48 | €31,120 | €58,176 | €62,683 | €88,281 | ▲ 40.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €9,422 | - |
| Trade debts44 | €16,198 | €38,361 | €35,048 | €68,979 | ▲ 96.8% |
| Suppliers440/4 | - | - | - | €68,979 | - |
| Taxes, remuneration and social security45 | - | - | - | €5,396 | - |
| Taxes450/3 | - | - | - | €5,396 | - |
| Other amounts payable47/48 | - | - | - | €4,484 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,594 | -€4,118 | €17,147 | €4,959 | ▼ 71.1% |
| + Depreciation and write-downs630 | €1,572 | €943 | €1,107 | €2,712 | ▲ 145% |
| Operating cash flow (approximation) | -€10,022 | -€3,175 | €18,254 | €7,671 | ▼ 58.0% |
| Investment in fixed assets (approximation) | - | €0 | -€3,850 | -€8,389 | ▼ 118% |
| Change in cash | - | €734 | €8,874 | -€6,346 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.