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ASD

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Private limited companyfounded 2011Kouterweg 30, 8890 Moorslede, BelgiumKBO/BCE: BE 0842.263.965
ASDOpen bankruptcy

Financials · financial year 2023, abbreviated format

Annual accounts 2023 filed on 30-04-2024 PDF all 10 filings

Turnover
≈ €4.2m
Estimated: probably between €3.3m and €5.2m
Total assets
€4.4m▲ 32.0%
2022 · €3.3m
Net result
€117,461▼ 58.6%
2022 · €283,551
Working capital
€806,421▲ 16.1%
2022 · €694,844
Trend over the years

2019 to 2023, 5 financial years 2019 to 2023, 5 financial years

The operating result for 2023 is 41% lower than in 2022.

Operating result€0.2m 2023 Net result€0.1m 2023

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Specialised construction activities (NACE 43). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20192020202120222023
Operating result€0.08m-€0.2m▲ 172%€0.4m▲ 73.9%€0.4m▲ 0.6%€0.2m▼ 41.4%
Net result€0.02m-€0.1mabove the sector's middle half▲ 497%€0.2mabove the sector's middle half▲ 86.6%€0.3mabove the sector's middle half▲ 20.5%€0.1mwithin the sector's middle half▼ 58.6%
Equity€0.3m-€0.5mwithin the sector's middle half▲ 37.6%€0.6mwithin the sector's middle half▲ 29.3%€0.8mabove the sector's middle half▲ 26.6%€0.9mabove the sector's middle half▲ 15.6%
Total assets€2.0m-€2.3mabove the sector's middle half▲ 13.8%€2.3mabove the sector's middle half▲ 2.4%€3.3mabove the sector's middle half▲ 42.9%€4.4mabove the sector's middle half▲ 32.0%
Debt€1.7m-€1.8m▲ 9.0%€1.7m▼ 4.5%€2.6m▲ 48.5%€3.5m▲ 36.8%
Working capital€0.4m-€0.4mwithin the sector's middle half▲ 8.4%€0.5mabove the sector's middle half▲ 31.3%€0.7mabove the sector's middle half▲ 27.7%€0.8mabove the sector's middle half▲ 16.1%
Solvency16.8%-20.3%below the sector's middle half▲ 3.5pp25.6%within the sector's middle half▲ 5.3pp22.7%within the sector's middle half▼ 2.9pp19.9%below the sector's middle half▼ 2.8pp
Current ratio1.38-1.32within the sector's middle half▼ 0.061.42within the sector's middle half▲ 0.101.32within the sector's middle half▼ 0.091.27within the sector's middle half▼ 0.06
Return on assets (ROA)1.1%-5.5%within the sector's middle half▲ 4.5pp10.1%within the sector's middle half▲ 4.6pp8.5%within the sector's middle half▼ 1.6pp2.7%within the sector's middle half▼ 5.8pp
Staff (FTE)11.5-14above the sector's middle half▲ 21.7%14above the sector's middle half=14above the sector's middle half=19above the sector's middle half▲ 35.7%
above within below The sector band is the middle half of the companies in Specialised construction activities (NACE 43). 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.
Turnover and EBIT margin are 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 €4.4m
Fixed assets €547,018 ▲ 11.6%
Current assets €3.8m ▲ 35.5%
Equity and liabilities €4.4m
Equity €872,543 ▲ 15.6%
Debt €3.5m ▲ 36.8%
Debt's share of the balance-sheet total rises from 77.3% to 80.1%. Equity and debt are higher.
Key figures and ratios
2023 value · change against 2022
EBITDA
€308,255▼
2022 · €469,138
Cash flow
€200,541▼
2022 · €368,105
Quick ratio
0.98▼
2022 · 1.15
Debt to equity
4.04▲
2022 · 3.41
ROE
13.5%▼
2022 · 37.6%
Interest coverage
4.98▼
2022 · 12.04
Debt ≤ 1 year
€3.0m▲
2022 · €2.1m
Debt > 1 year
€480,896▲
2022 · €429,800
Income taxes
€48,890▼
2022 · €67,631
Staff costs
€1.2m▲
2022 · €762,269
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Subsidies and aid

Flemish government

2024 · 2 entries · €2,434 awarded · €2,418 paid
Schemes
1 entry · €1,534 · €1,534 paid · Departement Werk en Sociale Economie
1 entry · €900 · €884 paid · Fonds voor Innoveren en Ondernemen
Annual accounts
Filed annual accounts As filed with the NBB · 2023 against 2022 · 59 lines

Source: Annual accounts 2023 (PDF), filed on 30-04-2024.

Balance sheet Code20222023
Assets
Total assets20/58€3.3m€4.4m▲
Fixed assets21/28€0.5m€0.5m▲
Tangible fixed assets22/27€0.5m€0.5m▲
Land and buildings22€0.4m€0.3m▼
Plant, machinery and equipment23€0.002m€0.008m▲
Furniture and vehicles24€0.03m€0.02m▼
Leasing and similar rights25€0.08m€0.2m▲
Financial fixed assets28€0.02m€0.02m▲
Current assets29/58€2.8m€3.8m▲
Stocks and contracts in progress3€0.4m€0.9m▲
Stocks30/36€0.07m€0.2m▲
Contracts in progress37€0.3m€0.7m▲
Amounts receivable within one year40/41€2.2m€3.0m▲
Trade receivables40€2.0m€2.8m▲
Other amounts receivable41€0.2m€0.1m▼
Cash at bank and in hand54/58€0.3m€0.04m▼
Equity and liabilities
Total equity and liabilities10/49€3.3m€4.4m▲
Equity10/15€0.8m€0.9m▲
Contributions10/11€0.006m€0.006m=
Reserves13€0.7m€0.9m▲
Non-distributable reserves130/1€0.002m€0.002m=
Reserves not available under the articles1311€0.002m€0.002m=
Tax-exempt reserves132€0.04m€0.04m=
Distributable reserves133€0.7m€0.8m▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€2.6m€3.5m▲
Amounts payable after more than one year17€0.4m€0.5m▲
Financial debts170/4€0.4m€0.5m▲
Amounts payable within one year42/48€2.1m€3.0m▲
Current portion of amounts payable after more than one year42€0.1m€0.3m▲
Financial debts43€0.3m€0.4m▲
Credit institutions430/8€0.3m€0.4m▲
Trade debts44€1.5m€2.3m▲
Suppliers440/4€1.5m€2.3m▲
Taxes, remuneration and social security45€0.06m€0.05m▼
Taxes450/3€0.02m€0▼
Remuneration and social security454/9€0.04m€0.05m▲
Other amounts payable47/48€0.1m€0▼
Income statement Code20222023
Remuneration, social security and pensions62€0.8m€1.2m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.08m€0.08m▼
Other operating charges640/8€0.01m€0.02m▲
Gross operating margin9900€1.2m€1.5m▲
Operating profit (loss)9901€0.4m€0.2m▼
Financial income75/76B€0.006m€0.003m▼
Recurring financial income75€0.006m€0.003m▼
Financial charges65/66B€0.04m€0.06m▲
Recurring financial charges65€0.04m€0.06m▲
Profit (loss) for the period before taxes9903€0.4m€0.2m▼
Income taxes67/77€0.07m€0.05m▼
Profit (loss) for the period9904€0.3m€0.1m▼
Profit (loss) for the period to be appropriated9905€0.3m€0.1m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.3m€0.1m▼
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€0.2m€0.1m▼
To the legal reserve6920€0.2m€0▼
To other reserves6921€0€0.1m▲
Profit to be distributed694/7€0.1m€0▼
Directors or managers695€0.1m€0▼
Social balance sheet
Average headcount (FTE)908714.019.0▲

The notes to these accounts have 20 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line20192020202120222023Change
Remuneration, social security and pensions62--€0.8m€0.8m€1.2m▲ 58.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.09m€0.09m€0.09m€0.08m€0.08m▼ 1.7%
Other operating charges640/8--€0.01m€0.01m€0.02m▲ 47.7%
Gross operating margin9900€0.8m€1.0m€1.2m€1.2m€1.5m▲ 23.2%
Operating profit (loss)9901€0.08m€0.2m€0.4m€0.4m€0.2m▼ 41.4%
Financial income75/76B--€0.003m€0.006m€0.003m▼ 44.3%
Recurring financial income75€0.001m€0.002m€0.003m€0.006m€0.003m▼ 44.3%
Financial charges65/66B--€0.1m€0.04m€0.06m▲ 58.9%
Recurring financial charges65€0.05m€0.05m€0.1m€0.04m€0.06m▲ 58.9%
Profit (loss) for the period before taxes9903€0.03m€0.2m€0.3m€0.4m€0.2m▼ 52.6%
Income taxes67/77€0.01m€0.05m€0.05m€0.07m€0.05m▼ 27.7%
Profit (loss) for the period9904€0.02m€0.1m€0.2m€0.3m€0.1m▼ 58.6%
Profit (loss) for the period to be appropriated9905€0.02m€0.1m€0.2m€0.3m€0.1m▼ 58.6%
Line20192020202120222023Change
Assets
Total assets20/58€2.0m€2.3m€2.3m€3.3m€4.4m▲ 32.0%
Fixed assets21/28€0.6m€0.6m€0.5m€0.5m€0.5m▲ 11.6%
Tangible fixed assets22/27€0.6m€0.5m€0.5m€0.5m€0.5m▲ 12.1%
Land and buildings22--€0.4m€0.4m€0.3m▼ 7.0%
Plant, machinery and equipment23---€0.002m€0.008m▲ 409%
Furniture and vehicles24--€0.05m€0.03m€0.02m▼ 41.4%
Leasing and similar rights25--€0.03m€0.08m€0.2m▲ 108%
Financial fixed assets28€0.03m€0.02m€0.02m€0.02m€0.02m▲ 0.2%
Current assets29/58€1.4m€1.7m€1.8m€2.8m€3.8m▲ 35.5%
Stocks and contracts in progress3€0.1m€0.07m€0.4m€0.4m€0.9m▲ 129%
Stocks30/36--€0.07m€0.07m€0.2m▲ 126%
Contracts in progress37--€0.4m€0.3m€0.7m▲ 129%
Amounts receivable within one year40/41€0.9m€1.2m€1.3m€2.2m€3.0m▲ 34.5%
Trade receivables40--€1.2m€2.0m€2.8m▲ 42.6%
Other amounts receivable41--€0.07m€0.2m€0.1m▼ 38.5%
Cash at bank and in hand54/58€0.1m€0.2m€0.1m€0.3m€0.04m▼ 86.7%
Equity and liabilities
Total equity and liabilities10/49€2.0m€2.3m€2.3m€3.3m€4.4m▲ 32.0%
Equity10/15€0.3m€0.5m€0.6m€0.8m€0.9m▲ 15.6%
Contributions10/11€0.006m-€0.006m€0.006m€0.006m=
Reserves13€0.2m€0.4m€0.6m€0.7m€0.9m▲ 15.7%
Non-distributable reserves130/1--€0.002m€0.002m€0.002m=
Reserves not available under the articles1311--€0.002m€0.002m€0.002m=
Tax-exempt reserves132--€0.04m€0.04m€0.04m=
Distributable reserves133--€0.5m€0.7m€0.8m▲ 16.7%
Profit (loss) carried forward14€0.2m€0.009m-€0€0-
Amounts payable17/49€1.7m€1.8m€1.7m€2.6m€3.5m▲ 36.8%
Amounts payable after more than one year17€0.7m€0.5m€0.4m€0.4m€0.5m▲ 11.9%
Financial debts170/4--€0.4m€0.4m€0.5m▲ 11.9%
Amounts payable within one year42/48€1.0m€1.3m€1.3m€2.1m€3.0m▲ 41.8%
Current portion of amounts payable after more than one year42--€0.1m€0.1m€0.3m▲ 136%
Financial debts43--€0.3m€0.3m€0.4m▲ 33.3%
Credit institutions430/8--€0.3m€0.3m€0.4m▲ 33.3%
Trade debts44€0.6m€0.8m€0.7m€1.5m€2.3m▲ 49.8%
Suppliers440/4--€0.7m€1.5m€2.3m▲ 49.8%
Taxes, remuneration and social security45--€0.03m€0.06m€0.05m▼ 21.9%
Taxes450/3--€0.002m€0.02m€0▼ 100%
Remuneration and social security454/9--€0.03m€0.04m€0.05m▲ 13.0%
Other amounts payable47/48--€0.1m€0.1m€0▼ 100%
Line20192020202120222023Change
Profit (loss) for the period9904€21,101€126,061€235,256€283,551€117,461▼ 58.6%
+ Depreciation and write-downs630€94,259€86,257€89,551€84,554€83,080▼ 1.7%
Operating cash flow (approximation)€115,359€212,317€324,807€368,105€200,541▼ 45.5%
Investment in fixed assets (approximation)--€53,557-€3,976-€89,506-€140,061▼ 56.5%
Change in cash-€75,694-€64,565€157,850-€230,609-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (10)
Financial year Type Filed Reference Document
30-09-2023 abbreviated format 30-04-2024 2024-00081525 PDF
30-09-2022 abbreviated format 25-04-2023 2023-00072654 PDF
30-09-2021 abbreviated format 27-04-2022 2022-20013624 PDF
30-09-2020 abbreviated format 28-04-2021 2021-11700423 PDF
30-09-2019 abbreviated format 10-04-2020 2020-09000311 PDF
30-09-2018 micro format 14-12-2018 2018-74400491 PDF
30-09-2017 micro format 23-01-2018 2018-02100029 PDF
31-12-2015 abbreviated format 22-06-2016 2016-20300413 PDF
31-12-2014 abbreviated format 16-07-2015 2015-31700543 PDF
31-12-2013 abbreviated format 25-08-2014 2014-48900357 PDF