ARCADE TECHNICAL SOLUTIONS
InactiveFinancials · financial year 2023, abbreviated format
Turnover
≈ €1.8m
Estimated: probably between €1.2m and €3.0m
Total assets
€690,249▼ 7.6%
2022 · €747,121
Net result
€3,548▼ 93.5%
2022 · €55,003
Working capital
€169,376▲ 4.1%
2022 · €162,744
Trend over the years
2019 to 2023, 5 financial years 2019 to 2023, 5 financial years
The operating result has fallen two years in a row; 2023 is 61% below 2022.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€33,495
2023
Net result€3,548
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€690,249
2023
Equity€182,905
2023
Debt€507,344
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€169,376
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)13.9
2023
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Operating result€16,478-€75,782▲ 360%€139,900▲ 84.6%€86,113▼ 38.4%€33,495▼ 61.1%
Net result€6,487-€62,961▲ 871%€97,842▲ 55.4%€55,003▼ 43.8%€3,548▼ 93.5%
Equity-€36,449-€26,512€124,354▲ 369%€179,357▲ 44.2%€182,905▲ 2.0%
Total assets€369,079-€654,299▲ 77.3%€629,479▼ 3.8%€747,121▲ 18.7%€690,249▼ 7.6%
Debt€405,528-€627,787▲ 54.8%€505,125▼ 19.5%€567,764▲ 12.4%€507,344▼ 10.6%
Working capital-€11,468-€46,954€123,566▲ 163%€162,744▲ 31.7%€169,376▲ 4.1%
Staff (FTE)9.6-8▼ 16.7%8.6▲ 7.5%11.4▲ 32.6%13.9▲ 21.9%
Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €690,249
Fixed assets
€18,120 ▼ 10.7%
Current assets
€672,129 ▼ 7.5%
Equity and liabilities €690,249
Equity
€182,905 ▲ 2.0%
Debt
€507,344 ▼ 10.6%
Debt's share of the balance-sheet total falls from 76.0% to 73.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€37,312▼
2022 · €91,682
Cash flow
€7,364▼
2022 · €60,573
Current ratio
1.34▲
2022 · 1.29
Debt to equity
2.77▼
2022 · 3.17
ROE
1.9%▼
2022 · 30.7%
ROA
0.5%▼
2022 · 7.4%
Interest coverage
5.97▼
2022 · 12.93
Debt ≤ 1 year
€502,753▼
2022 · €564,084
Income taxes
€23,697▼
2022 · €24,021
Staff costs
€1.0m▲
2022 · €705,288
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0.7m | €1.0m | ▲ 43.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.03m | €0.02m | €0.008m | €0.006m | €0.004m | ▼ 31.5% |
| Other operating charges640/8 | - | - | - | €0.001m | €0.002m | ▲ 51.1% |
| Gross operating margin9900 | €0.7m | €0.7m | €0.7m | €0.8m | €1.1m | ▲ 31.6% |
| Operating profit (loss)9901 | €0.02m | €0.08m | €0.1m | €0.09m | €0.03m | ▼ 61.1% |
| Recurring financial income75 | €0.002m | €20 | €12 | - | - | - |
| Financial charges65/66B | - | - | - | €0.007m | €0.006m | ▼ 11.8% |
| Recurring financial charges65 | €0.01m | €0.01m | €0.007m | €0.007m | €0.006m | ▼ 11.8% |
| Profit (loss) for the period before taxes9903 | €0.008m | €0.06m | €0.1m | €0.08m | €0.03m | ▼ 65.5% |
| Income taxes67/77 | €0.001m | €0.001m | €0.04m | €0.02m | €0.02m | ▼ 1.3% |
| Profit (loss) for the period9904 | €0.006m | €0.06m | €0.1m | €0.06m | €0.004m | ▼ 93.5% |
| Profit (loss) for the period to be appropriated9905 | €0.006m | €0.06m | €0.1m | €0.06m | €0.004m | ▼ 93.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €369,079 | €654,299 | €629,479 | €747,121 | €690,249 | ▼ 7.6% |
| Fixed assets21/28 | €35,302 | €19,899 | €22,863 | €20,293 | €18,120 | ▼ 10.7% |
| Intangible fixed assets21 | €367 | - | - | - | - | - |
| Tangible fixed assets22/27 | €34,935 | €19,899 | €22,863 | €17,293 | €15,120 | ▼ 12.6% |
| Furniture and vehicles24 | - | - | - | €17,293 | €15,120 | ▼ 12.6% |
| Financial fixed assets28 | - | - | - | €3,000 | €3,000 | = |
| Current assets29/58 | €333,777 | €634,400 | €606,616 | €726,827 | €672,129 | ▼ 7.5% |
| Amounts receivable within one year40/41 | €186,655 | €442,750 | €473,241 | €532,246 | €511,042 | ▼ 4.0% |
| Trade receivables40 | - | - | - | €489,616 | €510,689 | ▲ 4.3% |
| Other amounts receivable41 | - | - | - | €42,630 | €353 | ▼ 99.2% |
| Cash at bank and in hand54/58 | €117,814 | €158,916 | €133,375 | €179,154 | €124,489 | ▼ 30.5% |
| Deferred charges and accrued income490/1 | - | - | - | €15,427 | €36,598 | ▲ 137% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €369,079 | €654,299 | €629,479 | €747,121 | €690,249 | ▼ 7.6% |
| Equity10/15 | -€36,449 | €26,512 | €124,354 | €179,357 | €182,905 | ▲ 2.0% |
| Contributions10/11 | €120,000 | - | - | €120,000 | €120,000 | = |
| Reserves13 | €4,270 | - | €4,354 | €59,357 | €62,905 | ▲ 6.0% |
| Distributable reserves133 | - | - | - | €59,357 | €62,905 | ▲ 6.0% |
| Profit (loss) carried forward14 | -€160,720 | -€97,759 | - | - | - | - |
| Amounts payable17/49 | €405,528 | €627,787 | €505,125 | €567,764 | €507,344 | ▼ 10.6% |
| Amounts payable after more than one year17 | €60,042 | €40,341 | €20,500 | - | - | - |
| Amounts payable within one year42/48 | €345,246 | €587,446 | €483,050 | €564,084 | €502,753 | ▼ 10.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €70,566 | €50,531 | ▼ 28.4% |
| Trade debts44 | €154,467 | €209,031 | €137,108 | €245,061 | €25,020 | ▼ 89.8% |
| Suppliers440/4 | - | - | - | €245,061 | €25,020 | ▼ 89.8% |
| Taxes, remuneration and social security45 | - | - | - | €132,230 | €294,030 | ▲ 122% |
| Taxes450/3 | - | - | - | €71,280 | €162,554 | ▲ 128% |
| Remuneration and social security454/9 | - | - | - | €60,950 | €131,476 | ▲ 116% |
| Other amounts payable47/48 | - | - | - | €116,226 | €133,172 | ▲ 14.6% |
| Accrued charges and deferred income492/3 | - | - | - | €3,680 | €4,591 | ▲ 24.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,487 | €62,961 | €97,842 | €55,003 | €3,548 | ▼ 93.5% |
| + Depreciation and write-downs630 | €26,148 | €19,012 | €8,268 | €5,569 | €3,817 | ▼ 31.5% |
| Operating cash flow (approximation) | €32,635 | €81,973 | €106,110 | €60,573 | €7,364 | ▼ 87.8% |
| Investment in fixed assets (approximation) | - | -€3,610 | -€11,231 | -€3,000 | -€1,643 | ▲ 45.2% |
| Change in cash | - | €41,102 | -€25,541 | €45,779 | -€54,666 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2023 | abbreviated format | 18-12-2023 | 2023-00530260 |
| 30-06-2022 | abbreviated format | 31-01-2023 | 2023-00019099 |
| 30-06-2021 | abbreviated format | 31-01-2022 | 2022-03400508 |
| 30-06-2020 | abbreviated format | 10-12-2020 | 2020-75100524 |
| 30-06-2019 | abbreviated format | 30-01-2020 | 2020-03300339 |
| 30-06-2018 | abbreviated format | 11-01-2019 | 2019-01000082 |
| 30-06-2017 | abbreviated format | 07-12-2017 | 2017-71400244 |
| 30-06-2016 | abbreviated format | 13-01-2017 | 2017-01400200 |
| 30-06-2015 | abbreviated format | 19-01-2016 | 2016-02300448 |
| 30-06-2014 | abbreviated format | 16-01-2015 | 2015-01600294 |
Subsidies and aid
Flemish government
2022 to 2024 · 5 entries · €25,600 awarded · €25,843 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 2 | -€25,000 | €25,108 |
| 2023 | 2 | €50,000 | €135 |
| 2022 | 1 | €600 | €600 |
Public contracts
4 awards · 2024
Raamovereenkomst voor studiebureau speciale technieken voor ondersteuning bij technische opdrachten (elektriciteit, data & HVAC): 2023-5-001 - 1 Raamovereenkomst voor studiebureau speciale technieken voor ondersteuning bij technische opdrachten (elektriciteit, data & HVAC) - West- en Oost-Vlaanderen, Antwerpen, Limburg
Raamovereenkomst voor studiebureau speciale technieken voor ondersteuning bij technische opdrachten (elektriciteit, data & HVAC): 2023-5-001 - 2 Contrat cadre bureau d'étude technique spéciales pour support dans missions techniques (électricité, data & HVAC) - Hainaut, Namur, Liège, Luxembourg
Raamovereenkomst voor studiebureau speciale technieken voor ondersteuning bij technische opdrachten (elektriciteit, data & HVAC): 2023-5-001 - 3 Contrat cadre bureau d'étude technique spéciales pour support dans missions techniques (électricité, data & HVAC) - Bruxelles Région Capitale, Brabant Flamand, Brabant Wallon
Raamovereenkomst voor studiebureau speciale technieken voor ondersteuning bij technische opdrachten (elektriciteit, data & HVAC): 2023-5-001 - 4 Contrat cadre bureau d'étude technique spéciales pour support dans missions techniques (électricité, data & HVAC) - Belgique, uniquement pour missions véhicules électriques et cabines haute tension
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. Values as the buyer published them; for a framework agreement, a ceiling.