BABELCO
InactiveFinancials · financial year 2022, micro format
2022 annual accounts filed 17 days after the deadline Filed on 17 August 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00343377.
Annual accounts 2022 filed on 17-08-2023 PDF all 2 filings
Turnover
€0
Total assets
€148,209▲ 40.2%
2021 · €105,708
Net result
€44,069▼ 2.9%
2021 · €45,371
Working capital
€84,891▲ 111%
2021 · €40,183
Multi-year overview
2021 to 2022, 2 financial yearsTurnover
€0
2022
20212022
Operating result
€49,294
▼ 19.0%
2022
20212022
Net result
€44,069
▼ 2.9%
2022
20212022
Equity
€94,440
▲ 87.5%
2022
20212022
Total assets
€148,209
▲ 40.2%
2022
20212022
Debt
€53,769
▼ 2.8%
2022
20212022
Working capital
€84,891
▲ 111%
2022
20212022
Staff (FTE)
6.2
▲ 210%
2022
20212022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022
Turnover€0
Operating result€60,868-€49,294▼ 19.0%
Net result€45,371-€44,069▼ 2.9%
Equity€50,371-€94,440▲ 87.5%
Total assets€105,708-€148,209▲ 40.2%
Debt€55,337-€53,769▼ 2.8%
Working capital€40,183-€84,891▲ 111%
Staff (FTE)2-6.2▲ 210%
The operating result for 2022 is 19% lower than in 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €148,209
Fixed assets
€9,549 ▼ 9.2%
Current assets
€138,660 ▲ 45.7%
Equity and liabilities €148,209
Equity
€94,440 ▲ 87.5%
Debt
€53,769 ▼ 2.8%
Debt's share of the balance-sheet total falls from 52.3% to 36.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€52,906▼
2021 · €62,206
Cash flow
€47,680▲
2021 · €46,710
Current ratio
2.58▲
2021 · 1.73
Debt to equity
0.57▼
2021 · 1.10
ROE
46.7%▼
2021 · 90.1%
ROA
29.7%▼
2021 · 42.9%
Interest coverage
14.52▼
2021 · over 100
Debt ≤ 1 year
€53,769▼
2021 · €55,008
Income taxes
€10,934▼
2021 · €15,338
Staff costs
€247,433▲
2021 · €92,306
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 |
|---|---|---|
| Employees at the balance-sheet date | 3 | 9 |
| full-time | 2 | 7 |
| part-time | 1 | 2 |
| in full-time equivalents | 2.8 | 8.4 |
| Average over the year, in full-time equivalents | 2 | 4.8 |
| On a permanent contract | 2 | 6 |
| Joined | 2 | 9 |
| Left | 2 | 3 |
Source: social balance sheet in the 2021 to 2022 annual accounts
Investments
| Item | 2021 | 2022 |
|---|---|---|
| Tangible fixed assets | €11,856 | €1,400 |
| Depreciation and write-downs of the year | €1,339 | €3,612 |
Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Turnover70 | - | €0 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €0 | - |
| Remuneration, social security and pensions62 | €92,306 | €247,433 | ▲ 168% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,339 | €3,612 | ▲ 170% |
| Other operating charges640/8 | - | €624 | - |
| Gross operating margin9900 | €154,512 | €300,962 | ▲ 94.8% |
| Operating profit (loss)9901 | €60,868 | €49,294 | ▼ 19.0% |
| Financial income75/76B | €0 | €9,352 | ▲ 935,231× |
| Recurring financial income75 | €0 | €9,352 | ▲ 935,231× |
| Financial charges65/66B | €158 | €3,643 | ▲ 23× |
| Recurring financial charges65 | €158 | €3,643 | ▲ 23× |
| Profit (loss) for the period before taxes9903 | €60,709 | €55,003 | ▼ 9.4% |
| Income taxes67/77 | €15,338 | €10,934 | ▼ 28.7% |
| Profit (loss) for the period9904 | €45,371 | €44,069 | ▼ 2.9% |
| Profit (loss) for the period to be appropriated9905 | €45,371 | €44,069 | ▼ 2.9% |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €105,708 | €148,209 | ▲ 40.2% |
| Fixed assets21/28 | €10,517 | €9,549 | ▼ 9.2% |
| Tangible fixed assets22/27 | €10,517 | €8,306 | ▼ 21.0% |
| Plant, machinery and equipment23 | €4,193 | €4,383 | ▲ 4.5% |
| Furniture and vehicles24 | €6,325 | €3,923 | ▼ 38.0% |
| Financial fixed assets28 | - | €1,244 | - |
| Current assets29/58 | €95,191 | €138,660 | ▲ 45.7% |
| Amounts receivable within one year40/41 | €46,100 | €69,255 | ▲ 50.2% |
| Trade receivables40 | €18,917 | €47,817 | ▲ 153% |
| Other amounts receivable41 | €27,183 | €21,438 | ▼ 21.1% |
| Cash at bank and in hand54/58 | €49,091 | €68,770 | ▲ 40.1% |
| Deferred charges and accrued income490/1 | €0 | €635 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €105,708 | €148,209 | ▲ 40.2% |
| Equity10/15 | €50,371 | €94,440 | ▲ 87.5% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €45,371 | €89,440 | ▲ 97.1% |
| Amounts payable17/49 | €55,337 | €53,769 | ▼ 2.8% |
| Amounts payable within one year42/48 | €55,008 | €53,769 | ▼ 2.3% |
| Trade debts44 | €24,603 | €24,704 | ▲ 0.4% |
| Suppliers440/4 | €24,603 | €24,704 | ▲ 0.4% |
| Taxes, remuneration and social security45 | €30,405 | €29,065 | ▼ 4.4% |
| Taxes450/3 | €30,405 | €27,720 | ▼ 8.8% |
| Remuneration and social security454/9 | - | €1,346 | - |
| Other amounts payable47/48 | - | €0 | - |
| Accrued charges and deferred income492/3 | €329 | €0 | ▼ 100% |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €45,371 | €44,069 | ▼ 2.9% |
| + Depreciation and write-downs630 | €1,339 | €3,612 | ▲ 170% |
| Operating cash flow (approximation) | €46,710 | €47,680 | ▲ 2.1% |
| Investment in fixed assets (approximation) | - | -€2,644 | - |
| Change in cash | - | €19,679 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.