ASSEC
InactiveFinancials · financial year 2020, micro format
2020 annual accounts filed 33 days after the deadline Filed on 2 June 2021, deadline 30 April 2021 (7 months after the close on 30 September 2020, Companies Code art. 3:10). Source: NBB, 2021-17100551.
Annual accounts 2020 filed on 02-06-2021 PDF all 8 filings
Turnover
€161,032▲ 60.1%
2019 · €100,613
EBIT margin
-29.2%▼ 6.5pp
2019 · -22.8%
Net result
-€47,311▼ 104%
2019 · -€23,139
Working capital
-€69,710▼ 535%
2019 · -€10,983
Multi-year overview
2019 to 2020, 2 financial yearsTurnover
€161,032
▲ 60.1%
2020
20192020
Operating result
-€47,052
▼ 106%
2020
20192020
Net result
-€47,311
▼ 104%
2020
20192020
EBIT margin
-29.2%
▼ 6.5pp
2020
20192020
Equity
-€58,295
▼ 431%
2020
20192020
Total assets
€107,509
▲ 14.1%
2020
20192020
Debt
€165,803
▲ 57.5%
2020
20192020
Working capital
-€69,710
▼ 535%
2020
20192020
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020
Turnover€100,613-€161,032▲ 60.1%
Operating result-€22,896--€47,052▼ 106%
Net result-€23,139--€47,311▼ 104%
EBIT margin-22.8%--29.2%▼ 6.5pp
Equity-€10,983--€58,295▼ 431%
Total assets€94,256-€107,509▲ 14.1%
Debt€105,239-€165,803▲ 57.5%
Working capital-€10,983--€69,710▼ 535%
The operating result for 2020 is a loss of €47,052, larger than the loss of €22,896 in 2019.
Balance-sheet composition
Assets €107,509
Fixed assets
€11,415
Current assets
€96,093
Equity and liabilities
Equity-€58,295
Debt€165,803
Equity is negative. Debt (€165,803) exceeds the balance-sheet total (€107,509).
Key figures and ratios
EBITDA
-€44,198
Cash flow
-€44,458
Solvency
-54.2%▼
2019 · -11.7%
Current ratio
0.58▼
2019 · 0.90
ROA
-44.0%▼
2019 · -24.5%
Debt ≤ 1 year
€165,803▲
2019 · €105,239
Income taxes
€42
Customer credit
191 days▼
2019 · 314 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Turnover70 | €100,613 | €161,032 | ▲ 60.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €2,854 | - |
| Gross operating margin9900 | -€21,396 | -€23,415 | ▼ 9.4% |
| Operating profit (loss)9901 | -€22,896 | -€47,052 | ▼ 106% |
| Recurring financial charges65 | €243 | €218 | ▼ 10.4% |
| Profit (loss) for the period before taxes9903 | -€23,139 | -€47,270 | ▼ 104% |
| Income taxes67/77 | - | €42 | - |
| Profit (loss) for the period9904 | -€23,139 | -€47,311 | ▼ 104% |
| Profit (loss) for the period to be appropriated9905 | -€23,139 | -€47,311 | ▼ 104% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €94,256 | €107,509 | ▲ 14.1% |
| Fixed assets21/28 | - | €11,415 | - |
| Tangible fixed assets22/27 | - | €11,415 | - |
| Current assets29/58 | €94,256 | €96,093 | ▲ 1.9% |
| Amounts receivable within one year40/41 | €86,474 | €84,484 | ▼ 2.3% |
| Cash at bank and in hand54/58 | €7,782 | €11,609 | ▲ 49.2% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €94,256 | €107,509 | ▲ 14.1% |
| Equity10/15 | -€10,983 | -€58,295 | ▼ 431% |
| Contributions10/11 | €6,200 | €6,200 | = |
| Reserves13 | €2,889 | €2,889 | = |
| Profit (loss) carried forward14 | -€20,072 | -€67,384 | ▼ 236% |
| Amounts payable17/49 | €105,239 | €165,803 | ▲ 57.5% |
| Amounts payable within one year42/48 | €105,239 | €165,803 | ▲ 57.5% |
| Trade debts44 | €100,685 | €156,297 | ▲ 55.2% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€23,139 | -€47,311 | ▼ 104% |
| + Depreciation and write-downs630 | - | €2,854 | - |
| Operating cash flow (approximation) | -€23,139 | -€44,458 | ▼ 92.1% |
| Change in cash | - | €3,828 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2020 | micro format | 02-06-2021 | 2021-17100551 | |
| 30-09-2019 | abbreviated format | 03-03-2020 | 2020-06300279 | |
| 30-09-2016 | abbreviated format | 30-05-2017 | 2017-13400015 | |
| 30-09-2015 | abbreviated format | 28-04-2016 | 2016-11400343 | |
| 30-09-2014 | abbreviated format | 30-04-2015 | 2015-11200101 | |
| 30-09-2013 | abbreviated format | 02-05-2014 | 2014-11200511 | |
| 30-09-2012 | abbreviated format | 30-04-2013 | 2013-11500537 | |
| 30-09-2011 | abbreviated format | 08-05-2012 | 2012-10800102 |