B.A.P.E.C.
InactiveFinancials · financial year 2020, micro format
2020 annual accounts filed 16 days after the deadline Filed on 16 August 2021, deadline 31 July 2021 (7 months after the close on 31 December 2020, Companies Code art. 3:10). Source: NBB, 2021-49100318.
Annual accounts 2020 filed on 16-08-2021 PDF all 20 filings
Turnover
€239,538▲ 23.5%
2018 · €193,899
EBIT margin
27.7%▲ 14.5pp
2018 · 13.1%
Net result
-€19,135
2019 · €44,097
Working capital
€38,413▼ 30.0%
2019 · €54,889
Multi-year overview
2018 to 2020, 3 financial yearsTurnover
no figure
2020
20182020
Operating result
-€16,108
2020
20182020
Net result
-€19,135
2020
20182020
EBIT margin
no figure
2020
20182020
Equity
€45,252
▼ 29.7%
2020
20182020
Total assets
€95,808
▲ 4.4%
2020
20182020
Debt
€50,556
▲ 84.5%
2020
20182020
Working capital
€38,413
▼ 30.0%
2020
20182020
Staff (FTE)
1.4
▲ 27.3%
2020
20182020
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020
Turnover€193,899-€239,538▲ 23.5%
Operating result€25,434-€66,241▲ 160%-€16,108
Net result€12,230-€44,097▲ 261%-€19,135
EBIT margin13.1%-27.7%▲ 14.5pp
Equity€20,290-€64,387▲ 217%€45,252▼ 29.7%
Total assets€48,859-€91,795▲ 87.9%€95,808▲ 4.4%
Debt€28,570-€27,408▼ 4.1%€50,556▲ 84.5%
Working capital€19,491-€54,889▲ 182%€38,413▼ 30.0%
Staff (FTE)1.1-1.1=1.4▲ 27.3%
The operating result for 2020 is a loss of €16,108, after a profit of €66,241 in 2019. It is the lowest result since 2018.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €95,808
Fixed assets
€17,159 ▼ 26.6%
Current assets
€78,649 ▲ 15.0%
Equity and liabilities €95,808
Equity
€45,252 ▼ 29.7%
Debt
€50,556 ▲ 84.5%
Debt's share of the balance-sheet total rises from 29.9% to 52.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€9,881▼
2019 · €72,652
Cash flow
-€12,908▼
2019 · €50,508
Current ratio
1.95▼
2019 · 5.06
Debt to equity
0.23▲
2019 · 0.22
ROE
-42.3%▼
2019 · 68.5%
ROA
-20.0%▼
2019 · 48.0%
Debt ≤ 1 year
€40,235▲
2019 · €13,520
Debt > 1 year
€10,321▼
2019 · €13,888
Income taxes
€316▼
2019 · €18,730
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Turnover70 | €193,899 | €239,538 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,347 | €6,411 | €6,227 | ▼ 2.9% |
| Gross operating margin9900 | €77,540 | €129,178 | €59,347 | ▼ 54.1% |
| Operating profit (loss)9901 | €25,434 | €66,241 | -€16,108 | - |
| Recurring financial income75 | €101 | - | €1 | - |
| Recurring financial charges65 | €2,158 | €3,414 | €2,712 | ▼ 20.6% |
| Profit (loss) for the period before taxes9903 | €23,377 | €62,827 | -€18,820 | - |
| Income taxes67/77 | €11,147 | €18,730 | €316 | ▼ 98.3% |
| Profit (loss) for the period9904 | €12,230 | €44,097 | -€19,135 | - |
| Profit (loss) for the period to be appropriated9905 | €12,230 | €44,097 | -€19,135 | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €48,859 | €91,795 | €95,808 | ▲ 4.4% |
| Fixed assets21/28 | €799 | €23,386 | €17,159 | ▼ 26.6% |
| Tangible fixed assets22/27 | €799 | €23,386 | €17,159 | ▼ 26.6% |
| Current assets29/58 | €48,060 | €68,409 | €78,649 | ▲ 15.0% |
| Amounts receivable within one year40/41 | €16,171 | €27,696 | €47,417 | ▲ 71.2% |
| Current investments50/53 | €14,271 | €14,271 | €14,271 | = |
| Cash at bank and in hand54/58 | - | €4,763 | €5,795 | ▲ 21.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €48,859 | €91,795 | €95,808 | ▲ 4.4% |
| Equity10/15 | €20,290 | €64,387 | €45,252 | ▼ 29.7% |
| Contributions10/11 | €6,200 | €6,200 | - | - |
| Reserves13 | €14,090 | €58,187 | €58,187 | = |
| Profit (loss) carried forward14 | - | - | -€19,135 | - |
| Amounts payable17/49 | €28,570 | €27,408 | €50,556 | ▲ 84.5% |
| Amounts payable after more than one year17 | - | €13,888 | €10,321 | ▼ 25.7% |
| Amounts payable within one year42/48 | €28,570 | €13,520 | €40,235 | ▲ 198% |
| Trade debts44 | €73 | €204 | €765 | ▲ 276% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,230 | €44,097 | -€19,135 | - |
| + Depreciation and write-downs630 | €12,347 | €6,411 | €6,227 | ▼ 2.9% |
| Operating cash flow (approximation) | €24,577 | €50,508 | -€12,908 | - |
| Investment in fixed assets (approximation) | - | -€28,998 | €0 | - |
| Change in cash | - | - | €1,032 | - |
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 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2020 | micro format | 16-08-2021 | 2021-49100318 | |
| 31-12-2019 | micro format | 19-06-2020 | 2020-18700281 | |
| 31-12-2018 | micro format | 05-07-2019 | 2019-29800409 | |
| 31-12-2017 | micro format | 13-08-2018 | 2018-45500268 | |
| 31-12-2016 | micro format | 28-06-2017 | 2017-23300139 | |
| 31-12-2015 | full format | 16-08-2016 | 2016-43000039 | |
| 31-12-2014 | full format | 01-07-2015 | 2015-25500495 | |
| 31-12-2013 | full format | 27-06-2014 | 2014-23500196 | |
| 31-12-2012 | full format | 11-10-2013 | 2013-63000241 | |
| 31-12-2011 | full format | 06-07-2012 | 2012-27400231 |