AUTOMATIC EQUIPMENT
InactiveFrom the official registers: KBO 47 annual accounts at the National Bank publications in the Belgian Official Gazette
Financials · financial year 2023, full format
Latest annual accounts filed
Annual accounts 2023
- Financial year ended
- 31-12-2023
- Filed on
- 20-06-2024
- Format
- full format
- Reference
- 2024-00150410
Turnover
≈ €240,000
Estimated: probably between €150,000 and €470,000
EBIT margin
Not included in this filing
Net result
€28,106
2022 · -€12,181
Working capital
-€23,691▲ 72.9%
2022 · -€87,497
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result for 2023 is a profit of €34,031, after a loss of €8,521 in 2022. It is the highest result since 2019.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Operating result€34,031
2023
Net result€28,106
2023
Assets, equity and debt per financial year.
Total assets€170,098
2023
Equity€73,303
2023
Debt€96,795
2023
Above zero, the company can pay its short-term debts with what it holds in the short term.
Working capital-€23,691
2023
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result-€2,391-€6,925-€54,417-€31,762▲ 41.6%-€8,521▲ 73.2%€34,031
Net result-€4,178-€2,780-€55,145-€33,805▲ 38.7%-€12,181▲ 64.0%€28,106
Equity€203,548-€146,329▼ 28.1%€91,183▼ 37.7%€57,378▼ 37.1%€45,197▼ 21.2%€73,303▲ 62.2%
Total assets€488,926-€308,551▼ 36.9%€274,640▼ 11.0%€200,563▼ 27.0%€158,825▼ 20.8%€170,098▲ 7.1%
Debt€285,378-€162,222▼ 43.2%€183,456▲ 13.1%€143,185▼ 22.0%€113,628▼ 20.6%€96,795▼ 14.8%
Working capital-€91,216--€103,814▼ 13.8%-€118,299▼ 14.0%-€112,202▲ 5.2%-€87,497▲ 22.0%-€23,691▲ 72.9%
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €170,098
Fixed assets
€96,994 ▼ 26.9%
Current assets
€73,103 ▲ 180%
Equity and liabilities €170,098
Equity
€73,303 ▲ 62.2%
Debt
€96,795 ▼ 14.8%
Debt's share of the balance-sheet total falls from 71.5% to 56.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€69,731▲
2022 · €28,365
Cash flow
€63,806▲
2022 · €24,705
Current ratio
0.76▲
2022 · 0.23
Debt to equity
1.32▼
2022 · 2.51
ROE
38.3%▲
2022 · -27.0%
ROA
16.5%▲
2022 · -7.7%
Interest coverage
11.77▲
2022 · 7.73
Debt ≤ 1 year
€96,795▼
2022 · €113,628
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 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €48,761 | €45,056 | €40,827 | €39,902 | €36,886 | €35,700 | ▼ 3.2% |
| Other operating charges640/8 | - | - | - | €15,409 | €16,764 | €17,173 | ▲ 2.4% |
| Gross operating margin9900 | €61,677 | €61,493 | €5,249 | €23,549 | €45,129 | €86,904 | ▲ 92.6% |
| Operating profit (loss)9901 | -€2,391 | €6,925 | -€54,417 | -€31,762 | -€8,521 | €34,031 | - |
| Financial income75/76B | - | - | - | €0 | €10 | - | - |
| Recurring financial income75 | - | - | €1,389 | €0 | €10 | - | - |
| Financial charges65/66B | - | - | - | €2,043 | €3,670 | €5,925 | ▲ 61.4% |
| Recurring financial charges65 | €1,787 | €2,872 | €2,117 | €2,043 | €3,670 | €5,925 | ▲ 61.4% |
| Profit (loss) for the period before taxes9903 | -€4,178 | €4,053 | -€55,145 | -€33,805 | -€12,181 | €28,106 | - |
| Income taxes67/77 | - | €1,273 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€4,178 | €2,780 | -€55,145 | -€33,805 | -€12,181 | €28,106 | - |
| Profit (loss) for the period to be appropriated9905 | -€4,178 | €2,780 | -€55,145 | -€33,805 | -€12,181 | €28,106 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €488,926 | €308,551 | €274,640 | €200,563 | €158,825 | €170,098 | ▲ 7.1% |
| Fixed assets21/28 | €295,364 | €250,309 | €209,482 | €169,580 | €132,694 | €96,994 | ▼ 26.9% |
| Tangible fixed assets22/27 | €220,314 | €175,259 | €134,432 | €94,530 | €57,644 | €21,944 | ▼ 61.9% |
| Furniture and vehicles24 | - | - | - | €8,868 | €5,311 | €1,754 | ▼ 67.0% |
| Other tangible fixed assets26 | - | - | - | €85,662 | €52,333 | €20,190 | ▼ 61.4% |
| Financial fixed assets28 | €75,050 | €75,050 | €75,050 | €75,050 | €75,050 | €75,050 | = |
| Current assets29/58 | €193,562 | €58,242 | €65,157 | €30,983 | €26,131 | €73,103 | ▲ 180% |
| Amounts receivable within one year40/41 | €151,390 | €39,403 | €42,640 | €15,620 | €10,371 | €48,434 | ▲ 367% |
| Trade receivables40 | - | - | - | €9,641 | €4,392 | €42,689 | ▲ 872% |
| Other amounts receivable41 | - | - | - | €5,979 | €5,979 | €5,745 | ▼ 3.9% |
| Cash at bank and in hand54/58 | €41,782 | €12,614 | €16,286 | €8,700 | €9,068 | €18,150 | ▲ 100% |
| Deferred charges and accrued income490/1 | - | - | - | €6,662 | €6,692 | €6,519 | ▼ 2.6% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €488,926 | €308,551 | €274,640 | €200,563 | €158,825 | €170,098 | ▲ 7.1% |
| Equity10/15 | €203,548 | €146,329 | €91,183 | €57,378 | €45,197 | €73,303 | ▲ 62.2% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | - | - | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | - | - | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €10,743 | €10,743 | €10,743 | €10,743 | €10,743 | €10,743 | = |
| Non-distributable reserves130/1 | - | - | - | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | - | - | - | €6,150 | €6,150 | €6,150 | = |
| Tax-exempt reserves132 | - | - | - | €2,348 | €2,348 | €2,348 | = |
| Distributable reserves133 | - | - | - | €2,245 | €2,245 | €2,245 | = |
| Profit (loss) carried forward14 | €131,305 | €74,086 | €18,940 | -€14,865 | -€27,046 | €1,060 | - |
| Amounts payable17/49 | €285,378 | €162,222 | €183,456 | €143,185 | €113,628 | €96,795 | ▼ 14.8% |
| Amounts payable within one year42/48 | €284,778 | €162,056 | €183,456 | €143,185 | €113,628 | €96,795 | ▼ 14.8% |
| Financial debts43 | - | - | - | €135,000 | €110,000 | €85,000 | ▼ 22.7% |
| Other loans439 | - | - | - | €135,000 | €110,000 | €85,000 | ▼ 22.7% |
| Trade debts44 | €100,397 | €14,395 | €58,456 | €8,185 | €3,628 | €11,795 | ▲ 225% |
| Suppliers440/4 | - | - | - | €8,185 | €3,628 | €11,795 | ▲ 225% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,178 | €2,780 | -€55,145 | -€33,805 | -€12,181 | €28,106 | - |
| + Depreciation and write-downs630 | €48,761 | €45,056 | €40,827 | €39,902 | €36,886 | €35,700 | ▼ 3.2% |
| Operating cash flow (approximation) | €44,583 | €47,836 | -€14,319 | €6,097 | €24,705 | €63,806 | ▲ 158% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€29,168 | €3,672 | -€7,586 | €368 | €9,082 | ▲ 25× |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 47 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | full format | 20-06-2024 | 2024-00150410 | |
| 31-12-2022 | full format | 27-06-2023 | 2023-00169716 | |
| 31-12-2021 | full format | 24-06-2022 | 2022-20125385 | |
| 31-12-2020 | full format | 08-09-2021 | 2021-66700273 | |
| 31-12-2019 | full format | 10-07-2020 | 2020-28900507 | |
| 31-12-2018 | full format | 30-08-2019 | 2019-59400566 | |
| 31-12-2017 | full format | 27-06-2018 | 2018-24900241 | |
| 31-12-2016 | full format | 27-06-2017 | 2017-23900493 | |
| 31-12-2015 | full format | 16-06-2016 | 2016-18600307 | |
| 31-12-2014 | full format | 24-06-2015 | 2015-21100487 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.