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Bankruptcy closedFinancials · financial year 2022, micro format
2022 annual accounts filed 70 days after the deadline Filed on 9 October 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00486037.
Annual accounts 2022 filed on 09-10-2023 PDF all 16 filings
Equity
€9,893▼ 53.0%
2021 · €21,030
Total assets
€161,000▼ 1.1%
2021 · €162,872
Net result
-€11,137▼ 14.5%
2021 · -€9,727
Working capital
€7,360▼ 60.2%
2021 · €18,497
Multi-year overview
2018 to 2022, 5 financial yearsOperating result
-€10,625
▼ 15.5%
2022
20182022
Net result
-€11,137
▼ 14.5%
2022
20182022
Equity
€9,893
▼ 53.0%
2022
20182022
Total assets
€161,000
▼ 1.1%
2022
20182022
Debt
€151,107
▲ 6.5%
2022
20182022
Working capital
€7,360
▼ 60.2%
2022
20182022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result-€12,106-€6,119€6,428▲ 5.1%-€9,202-€10,625▼ 15.5%
Net result-€12,570-€5,359€4,551▼ 15.1%-€9,727-€11,137▼ 14.5%
Equity€20,846-€26,206▲ 25.7%€30,757▲ 17.4%€21,030▼ 31.6%€9,893▼ 53.0%
Total assets€225,724-€289,689▲ 28.3%€166,889▼ 42.4%€162,872▼ 2.4%€161,000▼ 1.1%
Debt€204,878-€263,483▲ 28.6%€136,132▼ 48.3%€141,841▲ 4.2%€151,107▲ 6.5%
Working capital€17,682-€20,924▲ 18.3%€27,008▲ 29.1%€18,497▼ 31.5%€7,360▼ 60.2%
The operating result for 2022 is a loss of €10,625, larger than the loss of €9,202 in 2021.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €161,000
Fixed assets
€2,533 =
Current assets
€158,468 ▼ 1.2%
Equity and liabilities €161,000
Equity
€9,893 ▼ 53.0%
Debt
€151,107 ▲ 6.5%
Debt's share of the balance-sheet total rises from 87.1% to 93.9%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.05▼
2021 · 1.13
Quick ratio
0.93▲
2021 · 0.90
Debt to equity
15.27▲
2021 · 6.74
ROE
-112.6%▼
2021 · -46.3%
ROA
-6.9%▼
2021 · -6.0%
Debt ≤ 1 year
€151,107▲
2021 · €141,841
Income taxes
€299▲
2021 · €293
Staff costs
€146▲
2021 · €140
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €121 | €140 | €146 | ▲ 4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,486 | €1,533 | €1,533 | €1,217 | - | - |
| Other operating charges640/8 | - | - | €1,105 | €914 | €1,030 | ▲ 12.7% |
| Gross operating margin9900 | €1,798 | €9,221 | €9,187 | -€6,932 | -€9,450 | ▼ 36.3% |
| Operating profit (loss)9901 | -€12,106 | €6,119 | €6,428 | -€9,202 | -€10,625 | ▼ 15.5% |
| Financial income75/76B | - | - | €2 | €1 | €10 | ▲ 739% |
| Recurring financial income75 | €0 | - | €2 | €1 | €10 | ▲ 739% |
| Financial charges65/66B | - | - | €364 | €234 | €224 | ▼ 4.3% |
| Recurring financial charges65 | €464 | €526 | €364 | €234 | €224 | ▼ 4.3% |
| Profit (loss) for the period before taxes9903 | -€12,570 | €5,593 | €6,066 | -€9,434 | -€10,838 | ▼ 14.9% |
| Income taxes67/77 | €0 | €233 | €1,515 | €293 | €299 | ▲ 2.2% |
| Profit (loss) for the period9904 | -€12,570 | €5,359 | €4,551 | -€9,727 | -€11,137 | ▼ 14.5% |
| Profit (loss) for the period to be appropriated9905 | -€12,570 | €5,359 | €4,551 | -€9,727 | -€11,137 | ▼ 14.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €225,724 | €289,689 | €166,889 | €162,872 | €161,000 | ▼ 1.1% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €3,165 | €5,282 | €3,749 | €2,533 | €2,533 | = |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €632 | €2,749 | €1,217 | - | - | - |
| Plant, machinery and equipment23 | - | - | €1,217 | - | - | - |
| Financial fixed assets28 | €2,533 | €2,533 | €2,533 | €2,533 | €2,533 | = |
| Current assets29/58 | €222,559 | €284,407 | €163,139 | €160,339 | €158,468 | ▼ 1.2% |
| Stocks and contracts in progress3 | €29,785 | €37,575 | €35,451 | €32,736 | €17,602 | ▼ 46.2% |
| Stocks30/36 | - | - | €35,451 | €32,736 | €17,602 | ▼ 46.2% |
| Amounts receivable within one year40/41 | €109,847 | €163,823 | €57,754 | €70,825 | €104,130 | ▲ 47.0% |
| Trade receivables40 | - | - | €56,211 | €68,821 | €100,953 | ▲ 46.7% |
| Other amounts receivable41 | - | - | €1,543 | €2,003 | €3,177 | ▲ 58.6% |
| Current investments50/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €82,114 | €81,731 | €68,620 | €55,963 | €34,820 | ▼ 37.8% |
| Deferred charges and accrued income490/1 | - | - | €1,315 | €815 | €1,916 | ▲ 135% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €225,724 | €289,689 | €166,889 | €162,872 | €161,000 | ▼ 1.1% |
| Equity10/15 | €20,846 | €26,206 | €30,757 | €21,030 | €9,893 | ▼ 53.0% |
| Contributions10/11 | €54,600 | €54,600 | €54,600 | €54,600 | €54,600 | = |
| Capital10 | - | - | €54,600 | €54,600 | €54,600 | = |
| Issued capital100 | - | - | €54,600 | €54,600 | €54,600 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | - | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | - | - | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | -€35,613 | -€30,253 | -€25,702 | -€35,429 | -€46,566 | ▼ 31.4% |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €204,878 | €263,483 | €136,132 | €141,841 | €151,107 | ▲ 6.5% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €204,878 | €263,483 | €136,132 | €141,841 | €151,107 | ▲ 6.5% |
| Trade debts44 | €112,015 | €153,413 | €117,991 | €140,241 | €131,850 | ▼ 6.0% |
| Suppliers440/4 | - | - | €117,991 | €140,241 | €131,850 | ▼ 6.0% |
| Taxes, remuneration and social security45 | - | - | €1,339 | €1,600 | €1,899 | ▲ 18.7% |
| Taxes450/3 | - | - | €1,339 | €1,600 | €1,899 | ▲ 18.7% |
| Other amounts payable47/48 | - | - | €16,802 | - | €17,358 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,570 | €5,359 | €4,551 | -€9,727 | -€11,137 | ▼ 14.5% |
| + Depreciation and write-downs630 | €8,486 | €1,533 | €1,533 | €1,217 | - | - |
| Operating cash flow (approximation) | -€4,083 | €6,892 | €6,084 | -€8,510 | -€11,137 | ▼ 30.9% |
| Investment in fixed assets (approximation) | - | -€3,650 | €0 | €0 | €0 | - |
| Change in cash | - | -€382 | -€13,112 | -€12,656 | -€21,144 | ▼ 67.1% |
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 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2022 | micro format | 09-10-2023 | 2023-00486037 | |
| 31-12-2021 | micro format | 11-08-2023 | 2023-00329568 | |
| 31-12-2020 | micro format | 13-05-2022 | 2022-20026068 | |
| 31-12-2019 | micro format | 30-11-2020 | 2020-73500444 | |
| 31-12-2018 | micro format | 27-08-2019 | 2019-58500052 | |
| 31-12-2017 | micro format | 28-09-2018 | 2018-66700440 | |
| 31-12-2016 | full format | 29-09-2017 | 2017-64900206 | |
| 31-12-2015 | full format | 28-09-2016 | 2016-62700068 | |
| 31-12-2014 | full format | 30-09-2015 | 2015-63400425 | |
| 31-12-2013 | full format | 29-09-2014 | 2014-60700080 |