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Open bankruptcyFinancials · financial year 2022, micro format
Annual accounts 2022 filed on 30-01-2023 PDF all 2 filings
Turnover
≈ €1.3m
Estimated: probably between €880,000 and €1.7m
Total assets
€259,513▲ 735%
2021 · €31,096
Net result
€39,967
2021 · -€7,904
Working capital
-€41,859▼ 121%
2021 · -€18,904
Multi-year overview
2021 to 2022, 2 financial yearsOperating result
€62,176
2022
20212022
Net result
€39,967
2022
middle half of the sector
20212022
Equity
€46,063
▲ 656%
2022
middle half of the sector
20212022
Total assets
€259,513
▲ 735%
2022
middle half of the sector
20212022
Debt
€213,450
▲ 754%
2022
20212022
Working capital
-€41,859
▼ 121%
2022
lowest quarter of the sector
20212022
Solvency
17.7%
▼ 1.9pp
2022
lowest quarter of the sector
20212022
Current ratio
0.79
▲ 0.55
2022
lowest quarter of the sector
20212022
Return on assets (ROA)
15.4%
▲ 40.8pp
2022
middle half of the sector
20212022
Staff (FTE)
13
2022
20212022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022
Operating result-€5,708-€62,176
Net result-€7,904below the sector's middle half-€39,967within the sector's middle half
Equity€6,096below the sector's middle half-€46,063within the sector's middle half▲ 656%
Total assets€31,096below the sector's middle half-€259,513within the sector's middle half▲ 735%
Debt€25,000-€213,450▲ 754%
Working capital-€18,904below the sector's middle half--€41,859below the sector's middle half▼ 121%
Solvency19.6%below the sector's middle half-17.7%below the sector's middle half▼ 1.9pp
Current ratio0.24below the sector's middle half-0.79below the sector's middle half▲ 0.55
Return on assets (ROA)-25.4%below the sector's middle half-15.4%within the sector's middle half▲ 40.8pp
Staff (FTE)13
above
within
below
The sector band is the middle half of the companies in Advertising, market research and public relations activities (NACE 73). 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 2022 is a profit of €62,176, after a loss of €5,708 in 2021.
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
2022 in colour, 2021 as the grey bar beneath
Assets €259,513
Fixed assets
€102,580 ▲ 310%
Current assets
€156,933 ▲ 26×
Equity and liabilities €259,513
Equity
€46,063 ▲ 656%
Debt
€213,450 ▲ 754%
Debt's share of the balance-sheet total rises from 80.4% to 82.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€64,176
Cash flow
€41,966
Debt to equity
4.63
ROE
86.8%▲
2021 · -129.6%
Interest coverage
6.13
Debt ≤ 1 year
€198,792▲
2021 · €25,000
Income taxes
€12,152
Staff costs
€589,397
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-06-2022 |
|---|---|
| Employees at the balance-sheet date | 27 |
| full-time | 20 |
| part-time | 7 |
| in full-time equivalents | 24.6 |
| Average over the year, in full-time equivalents | 13 |
| Joined | 400 |
| Left | 373 |
Source: social balance sheet in the 2022 annual accounts
Investments
| Item | 30-06-2022 |
|---|---|
| Intangible fixed assets | €19,995 |
| Financial fixed assets | €59,585 |
| Depreciation and write-downs of the year | €1,999 |
Source: notes to the 2022 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | - | €589,397 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,999 | - |
| Other operating charges640/8 | - | €686 | - |
| Gross operating margin9900 | -€5,617 | €654,259 | - |
| Operating profit (loss)9901 | -€5,708 | €62,176 | - |
| Financial income75/76B | - | €416 | - |
| Recurring financial income75 | - | €416 | - |
| Financial charges65/66B | - | €10,474 | - |
| Recurring financial charges65 | €2,196 | €10,474 | ▲ 377% |
| Profit (loss) for the period before taxes9903 | -€7,904 | €52,118 | - |
| Income taxes67/77 | - | €12,152 | - |
| Profit (loss) for the period9904 | -€7,904 | €39,967 | - |
| Profit (loss) for the period to be appropriated9905 | -€7,904 | €39,967 | - |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €31,096 | €259,513 | ▲ 735% |
| Fixed assets21/28 | €25,000 | €102,580 | ▲ 310% |
| Intangible fixed assets21 | - | €17,995 | - |
| Financial fixed assets28 | €25,000 | €84,585 | ▲ 238% |
| Current assets29/58 | €6,096 | €156,933 | ▲ 26× |
| Amounts receivable after more than one year29 | - | €40,000 | - |
| Other amounts receivable291 | - | €40,000 | - |
| Amounts receivable within one year40/41 | €1,931 | €105,371 | ▲ 55× |
| Trade receivables40 | - | €105,371 | - |
| Cash at bank and in hand54/58 | €4,165 | €11,562 | ▲ 178% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €31,096 | €259,513 | ▲ 735% |
| Equity10/15 | €6,096 | €46,063 | ▲ 656% |
| Contributions10/11 | - | €14,000 | - |
| Reserves13 | - | €32,063 | - |
| Distributable reserves133 | - | €32,063 | - |
| Profit (loss) carried forward14 | -€7,904 | - | - |
| Amounts payable17/49 | €25,000 | €213,450 | ▲ 754% |
| Amounts payable within one year42/48 | €25,000 | €198,792 | ▲ 695% |
| Financial debts43 | - | €59,725 | - |
| Credit institutions430/8 | - | €59,725 | - |
| Trade debts44 | - | €5,607 | - |
| Suppliers440/4 | - | €5,607 | - |
| Taxes, remuneration and social security45 | - | €129,479 | - |
| Taxes450/3 | - | €88,875 | - |
| Remuneration and social security454/9 | - | €40,604 | - |
| Other amounts payable47/48 | - | €3,981 | - |
| Accrued charges and deferred income492/3 | - | €14,658 | - |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€7,904 | €39,967 | - |
| + Depreciation and write-downs630 | - | €1,999 | - |
| Operating cash flow (approximation) | -€7,904 | €41,966 | - |
| Investment in fixed assets (approximation) | - | -€79,580 | - |
| Change in cash | - | €7,397 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.