aSmartWorld
Open bankruptcyFinancials · financial year 2023, full format
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€77,407▲ 84.9%
2022 · -€512,497
Working capital
€44,912▼ 35.5%
2022 · €69,658
Trend over the years
2019 to 2023, 5 financial years
The operating result stays negative: a loss of €62,904 in 2023 against €527,702 in 2022; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€62,904
2023
Net result-€77,407
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€448,859
2023
Equity-€415,338
2023
Debt€864,197
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€44,912
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-17.2%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-92.5%
2023
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.15
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)3
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Operating result-€118,468--€183,304▼ 54.7%-€287,259▼ 56.7%-€527,702▼ 83.7%-€62,904▲ 88.1%
Net result-€123,173--€190,663below the sector's middle half▼ 54.8%-€296,305below the sector's middle half▼ 55.4%-€512,497below the sector's middle half▼ 73.0%-€77,407below the sector's middle half▲ 84.9%
Equity-€98,173--€288,836below the sector's middle half▼ 194%-€185,141below the sector's middle half▲ 35.9%-€283,798below the sector's middle half▼ 53.3%-€415,338below the sector's middle half▼ 46.3%
Total assets€144,016-€231,042within the sector's middle half▲ 60.4%€341,668within the sector's middle half▲ 47.9%€205,954below the sector's middle half▼ 39.7%€448,859below the sector's middle half▲ 118%
Debt€242,188-€519,878▲ 115%€526,809▲ 1.3%€489,752▼ 7.0%€864,197▲ 76.5%
Working capital€46,629-€35,673within the sector's middle half▼ 23.5%€167,274above the sector's middle half▲ 369%€69,658below the sector's middle half▼ 58.4%€44,912below the sector's middle half▼ 35.5%
Solvency-68.2%--125.0%below the sector's middle half▼ 56.8pp-54.2%below the sector's middle half▲ 70.8pp-137.8%below the sector's middle half▼ 83.6pp-92.5%below the sector's middle half▲ 45.3pp
Current ratio2.16-1.40within the sector's middle half▼ 0.772.92within the sector's middle half▲ 1.531.84within the sector's middle half▼ 1.081.15below the sector's middle half▼ 0.69
Return on assets (ROA)-85.5%--82.5%below the sector's middle half▲ 3.0pp-86.7%below the sector's middle half▼ 4.2pp-248.8%below the sector's middle half▼ 162.1pp-17.2%below the sector's middle half▲ 231.6pp
Staff (FTE)8.47.7within the sector's middle half▼ 8.3%3below the sector's middle half▼ 61.0%
above
within
below
the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Why a figure moved sharply
- 2022 Net result -73% on 2021. The accounts now follow the full format, last year the micro format.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €448,859
Fixed assets
€104,440 ▲ 95.6%
Current assets
€344,419 ▲ 126%
Equity and liabilities
Equity-€415,338
Debt€864,197
Equity is negative: debt (€864,197) exceeds the balance-sheet total (€448,859).
Key figures and ratios
EBITDA
-€30,491▲
2022 · -€488,250
Cash flow
-€44,994▲
2022 · -€473,045
Quick ratio
0.79▼
2022 · 1.13
Interest coverage
-2.47▲
2022 · -42.47
Debt ≤ 1 year
€299,507▲
2022 · €82,914
Debt > 1 year
€556,244▲
2022 · €397,866
Income taxes
€3,614▲
2022 · €371
Staff costs
€131,028▼
2022 · €298,919
No debt to equity: equity is negative, so debt divided by equity means nothing.
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 | - | - | €229,668 | €298,919 | €131,028 | ▼ 56.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,687 | €30,825 | €46,269 | €39,452 | €32,413 | ▼ 17.8% |
| Other operating charges640/8 | - | - | €648 | €7,520 | €4,960 | ▼ 34.0% |
| Non-recurring operating charges66A | - | - | - | €4,523 | €1,968 | ▼ 56.5% |
| Gross operating margin9900 | -€102,364 | -€88,578 | -€10,674 | -€177,288 | €107,465 | - |
| Operating profit (loss)9901 | -€118,468 | -€183,304 | -€287,259 | -€527,702 | -€62,904 | ▲ 88.1% |
| Financial income75/76B | - | - | €16 | €27,073 | €1,475 | ▼ 94.6% |
| Recurring financial income75 | €89 | €1 | €16 | €27,073 | €1,475 | ▼ 94.6% |
| Financial charges65/66B | - | - | €8,856 | €11,497 | €12,364 | ▲ 7.5% |
| Recurring financial charges65 | €4,794 | €7,360 | €8,856 | €11,497 | €12,364 | ▲ 7.5% |
| Profit (loss) for the period before taxes9903 | -€123,173 | -€190,663 | -€296,099 | -€512,126 | -€73,793 | ▲ 85.6% |
| Income taxes67/77 | - | - | €206 | €371 | €3,614 | ▲ 873% |
| Profit (loss) for the period9904 | -€123,173 | -€190,663 | -€296,305 | -€512,497 | -€77,407 | ▲ 84.9% |
| Profit (loss) for the period to be appropriated9905 | -€123,173 | -€190,663 | -€296,305 | -€512,497 | -€77,407 | ▲ 84.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.1m | €0.2m | €0.3m | €0.2m | €0.4m | ▲ 118% |
| Fixed assets21/28 | €0.06m | €0.1m | €0.09m | €0.05m | €0.1m | ▲ 95.6% |
| Intangible fixed assets21 | €0.06m | €0.1m | €0.08m | €0.04m | €0.09m | ▲ 110% |
| Tangible fixed assets22/27 | - | €0.004m | €0.003m | €0.005m | €0.001m | ▼ 79.0% |
| Furniture and vehicles24 | - | - | €0.003m | €0.005m | €0.001m | ▼ 79.0% |
| Financial fixed assets28 | €0.002m | €0 | €0.005m | €0.005m | €0.01m | ▲ 140% |
| Current assets29/58 | €0.09m | €0.1m | €0.3m | €0.2m | €0.3m | ▲ 126% |
| Stocks and contracts in progress3 | €0.005m | €0.02m | €0.005m | €0.06m | €0.1m | ▲ 83.3% |
| Stocks30/36 | - | - | €0.005m | €0.06m | €0.1m | ▲ 83.3% |
| Amounts receivable within one year40/41 | €0.04m | €0.02m | €0.06m | €0.03m | €0.2m | ▲ 482% |
| Trade receivables40 | - | - | €0.06m | €0.008m | €0.2m | ▲ 1,794% |
| Other amounts receivable41 | - | - | €14 | €0.02m | €0.03m | ▲ 27.8% |
| Cash at bank and in hand54/58 | €0.05m | €0.08m | €0.2m | €0.06m | €0.05m | ▼ 20.4% |
| Deferred charges and accrued income490/1 | - | - | €0.001m | €0 | €0.005m | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.1m | €0.2m | €0.3m | €0.2m | €0.4m | ▲ 118% |
| Equity10/15 | -€0.1m | -€0.3m | -€0.2m | -€0.3m | -€0.4m | ▼ 46.3% |
| Contributions10/11 | €0.03m | - | €0.4m | €0.8m | €0.8m | = |
| Profit (loss) carried forward14 | -€0.1m | -€0.3m | -€0.6m | -€1.1m | -€1.2m | ▼ 6.9% |
| Investment grants15 | - | - | - | €0.05m | €0 | ▼ 100% |
| Amounts payable17/49 | €0.2m | €0.5m | €0.5m | €0.5m | €0.9m | ▲ 76.5% |
| Amounts payable after more than one year17 | €0.2m | €0.4m | €0.4m | €0.4m | €0.6m | ▲ 39.8% |
| Financial debts170/4 | - | - | €0.4m | €0.4m | €0.6m | ▲ 39.0% |
| Other amounts payable178/9 | - | - | - | - | €0.003m | - |
| Amounts payable within one year42/48 | €0.04m | €0.09m | €0.09m | €0.08m | €0.3m | ▲ 261% |
| Current portion of amounts payable after more than one year42 | - | - | €0.05m | €0.04m | €0.09m | ▲ 125% |
| Trade debts44 | €0.02m | €0.04m | €0.02m | €0.02m | €0.1m | ▲ 398% |
| Suppliers440/4 | - | - | €0.02m | €0.02m | €0.1m | ▲ 398% |
| Taxes, remuneration and social security45 | - | - | €0.006m | €0.01m | €0.06m | ▲ 426% |
| Taxes450/3 | - | - | €0.006m | €152 | €0.05m | ▲ 31,057% |
| Remuneration and social security454/9 | - | - | €0.001m | €0.01m | €0.02m | ▲ 33.8% |
| Other amounts payable47/48 | - | - | €0.009m | €0.006m | €0.03m | ▲ 300% |
| Accrued charges and deferred income492/3 | - | - | €0.009m | €0.009m | €0.008m | ▼ 5.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€123,173 | -€190,663 | -€296,305 | -€512,497 | -€77,407 | ▲ 84.9% |
| + Depreciation and write-downs630 | €14,687 | €30,825 | €46,269 | €39,452 | €32,413 | ▼ 17.8% |
| Operating cash flow (approximation) | -€108,486 | -€159,839 | -€250,036 | -€473,045 | -€44,994 | ▲ 90.5% |
| Investment in fixed assets (approximation) | - | -€78,880 | -€28,288 | -€5,454 | -€83,471 | ▼ 1,430% |
| Change in cash | - | €37,343 | €104,722 | -€125,882 | -€12,754 | ▲ 89.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | full format | 22-07-2024 | 2024-00271279 |
| 31-12-2022 | full format | 31-08-2023 | 2023-00387310 |
| 31-12-2021 | micro format | 07-07-2022 | 2022-20156819 |
| 31-12-2020 | micro format | 30-08-2021 | 2021-59200327 |
| 31-12-2019 | micro format | 13-11-2020 | 2020-70500316 |
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Of the 2,073 active companies whose main activity is wholesale of information and communication equipment (NACE 46500), figures are known for 1,395. 536 are within a factor 10 of this headcount. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.