AUTO PILOT
InactiveFinancials · financial year 2022, full format
2022 annual accounts filed late (29 days) Filed on 29 August 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00402527.
Turnover
≈ €1.0m
Estimated: probably between €620,000 and €1.7m
EBIT margin
Not included in this filing
Net result
€284,062
2021 · -€7,154
Working capital
€92,568
2021 · -€224,889
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result returns to profit in 2022: €296,738 after a loss of €13,717 in 2021, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€296,738
2022
Net result€284,062
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€151,411
2022
Equity€96,436
2022
Debt€54,975
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€92,568
2022
Average staff in full-time equivalents (FTE).
Staff (FTE)2.6
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result-€53,621--€46,951▲ 12.4%-€41,444▲ 11.7%-€13,717▲ 66.9%€296,738
Net result-€62,319--€54,592▲ 12.4%-€40,164▲ 26.4%-€7,154▲ 82.2%€284,062
Equity-€85,716--€140,308▼ 63.7%-€180,472▼ 28.6%-€187,626▼ 4.0%€96,436
Total assets€45,131-€41,296▼ 8.5%€112,604▲ 173%€122,059▲ 8.4%€151,411▲ 24.0%
Debt€130,846-€181,604▲ 38.8%€293,076▲ 61.4%€309,685▲ 5.7%€54,975▼ 82.2%
Working capital-€120,674--€170,451▼ 41.2%-€210,867▼ 23.7%-€224,889▼ 6.6%€92,568
Staff (FTE)4.4-3.7▼ 15.9%3.9▲ 5.4%2.4▼ 38.5%2.6▲ 8.3%
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €151,411
Fixed assets
€3,868 ▼ 89.6%
Current assets
€147,543 ▲ 74.0%
Equity and liabilities €151,411
Equity
€96,436
Debt
€54,975
Debt finances 36.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€297,290▲
2021 · -€11,256
Cash flow
€284,614▲
2021 · -€4,693
Current ratio
2.68▲
2021 · 0.27
Quick ratio
2.67▲
2021 · 0.27
Debt to equity
0.57
ROE
294.6%
ROA
187.6%▲
2021 · -5.9%
Interest coverage
over 100▲
2021 · -2.10
Debt ≤ 1 year
€54,975▼
2021 · €309,685
Income taxes
€9,841▲
2021 · -€7
Staff costs
€133,863▼
2021 · €136,292
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €254,345 | - |
| Remuneration, social security and pensions62 | - | - | - | €136,292 | €133,863 | ▼ 1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,734 | €1,904 | €1,963 | €2,461 | €553 | ▼ 77.5% |
| Other operating charges640/8 | - | - | - | €4,344 | €384 | ▼ 91.2% |
| Non-recurring operating charges66A | - | - | - | - | €1,765 | - |
| Gross operating margin9900 | €161,030 | €106,652 | €68,000 | €129,379 | €433,303 | ▲ 235% |
| Operating profit (loss)9901 | -€53,621 | -€46,951 | -€41,444 | -€13,717 | €296,738 | - |
| Financial income75/76B | - | - | - | €11,913 | €48 | ▼ 99.6% |
| Recurring financial income75 | €22 | €861 | €200 | €11,913 | €48 | ▼ 99.6% |
| Financial charges65/66B | - | - | - | €5,357 | €2,884 | ▼ 46.2% |
| Recurring financial charges65 | €8,532 | €8,316 | €2,920 | €5,357 | €2,884 | ▼ 46.2% |
| Profit (loss) for the period before taxes9903 | -€62,131 | -€54,407 | -€40,164 | -€7,161 | €293,902 | - |
| Income taxes67/77 | €188 | €185 | - | -€7 | €9,841 | - |
| Profit (loss) for the period9904 | -€62,319 | -€54,592 | -€40,164 | -€7,154 | €284,062 | - |
| Profit (loss) for the period to be appropriated9905 | -€62,319 | -€54,592 | -€40,164 | -€7,154 | €284,062 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €45,131 | €41,296 | €112,604 | €122,059 | €151,411 | ▲ 24.0% |
| Formation expenses20 | - | - | - | €0 | €0 | - |
| Fixed assets21/28 | €35,929 | €34,025 | €34,278 | €37,264 | €3,868 | ▼ 89.6% |
| Intangible fixed assets21 | - | - | - | €0 | €0 | - |
| Tangible fixed assets22/27 | €33,937 | €32,033 | €32,285 | €35,271 | €1,875 | ▼ 94.7% |
| Land and buildings22 | - | - | - | €28,225 | - | - |
| Plant, machinery and equipment23 | - | - | - | €4,618 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €2,428 | €1,875 | ▼ 22.8% |
| Financial fixed assets28 | €1,993 | €1,993 | €1,993 | €1,993 | €1,993 | = |
| Current assets29/58 | €9,201 | €7,271 | €78,326 | €84,796 | €147,543 | ▲ 74.0% |
| Stocks and contracts in progress3 | - | - | - | €315 | €932 | ▲ 196% |
| Stocks30/36 | - | - | - | €315 | €932 | ▲ 196% |
| Amounts receivable within one year40/41 | €4,730 | €5,741 | €77,941 | €78,077 | €77,744 | ▼ 0.4% |
| Trade receivables40 | - | - | - | €3,802 | €7,313 | ▲ 92.3% |
| Other amounts receivable41 | - | - | - | €74,275 | €70,431 | ▼ 5.2% |
| Cash at bank and in hand54/58 | €2,041 | €278 | €385 | €3,384 | €66,893 | ▲ 20× |
| Deferred charges and accrued income490/1 | - | - | - | €3,020 | €1,974 | ▼ 34.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €45,131 | €41,296 | €112,604 | €122,059 | €151,411 | ▲ 24.0% |
| Equity10/15 | -€85,716 | -€140,308 | -€180,472 | -€187,626 | €96,436 | - |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | = |
| Reserves13 | €29,491 | €29,491 | €29,491 | €29,491 | €29,491 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,859 | - | - |
| Tax-exempt reserves132 | - | - | - | €27,065 | €27,065 | = |
| Distributable reserves133 | - | - | - | €568 | €2,427 | ▲ 328% |
| Profit (loss) carried forward14 | -€133,799 | -€188,391 | -€228,555 | -€235,709 | €48,353 | - |
| Amounts payable17/49 | €130,846 | €181,604 | €293,076 | €309,685 | €54,975 | ▼ 82.2% |
| Amounts payable within one year42/48 | €129,876 | €177,722 | €289,194 | €309,685 | €54,975 | ▼ 82.2% |
| Trade debts44 | €22,282 | €29,373 | €25,813 | €13,703 | €2,601 | ▼ 81.0% |
| Suppliers440/4 | - | - | - | €13,703 | €2,601 | ▼ 81.0% |
| Taxes, remuneration and social security45 | - | - | - | €44,579 | €51,915 | ▲ 16.5% |
| Taxes450/3 | - | - | - | €14,251 | €25,194 | ▲ 76.8% |
| Remuneration and social security454/9 | - | - | - | €30,328 | €26,721 | ▼ 11.9% |
| Other amounts payable47/48 | - | - | - | €251,403 | €459 | ▼ 99.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€62,319 | -€54,592 | -€40,164 | -€7,154 | €284,062 | - |
| + Depreciation and write-downs630 | €3,734 | €1,904 | €1,963 | €2,461 | €553 | ▼ 77.5% |
| Operating cash flow (approximation) | -€58,585 | -€52,688 | -€38,201 | -€4,693 | €284,614 | - |
| Investment in fixed assets (approximation) | - | €0 | -€2,215 | -€5,447 | €32,843 | - |
| Change in cash | - | -€1,762 | €106 | €2,999 | €63,509 | ▲ 21× |
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 46 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | full format | 29-08-2023 | 2023-00402527 |
| 31-12-2021 | full format | 31-08-2022 | 2022-20414643 |
| 31-12-2020 | full format | 08-11-2021 | 2021-76900098 |
| 31-12-2019 | micro format | 29-10-2020 | 2020-65400336 |
| 31-12-2018 | micro format | 25-09-2019 | 2019-65900190 |
| 31-12-2017 | micro format | 09-10-2018 | 2018-68900496 |
| 31-12-2016 | micro format | 31-08-2017 | 2017-59200352 |
| 31-12-2015 | full format | 24-09-2016 | 2016-61100323 |
| 31-12-2014 | full format | 03-08-2015 | 2015-38600177 |
| 31-12-2013 | full format | 30-09-2014 | 2014-62000316 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.