BAHIADEVELOPMENT
Open bankruptcyFinancials · financial year 2022, micro format
2022 annual accounts filed 66 days after the deadline Filed on 5 October 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00479714.
Annual accounts 2022 filed on 05-10-2023 PDF all 3 filings
Turnover
≈ €170,000
Estimated: probably between €110,000 and €290,000
Total assets
€126,326▲ 107%
2021 · €61,173
Net result
€45,133▲ 25.9%
2021 · €35,858
Working capital
€92,637▲ 91.7%
2021 · €48,320
Multi-year overview
2020 to 2022, 3 financial yearsOperating result
€55,152
▲ 30.9%
2022
20202022
Net result
€45,133
▲ 25.9%
2022
20202022
Equity
€94,648
▲ 91.2%
2022
20202022
Total assets
€126,326
▲ 107%
2022
20202022
Debt
€31,678
▲ 172%
2022
20202022
Working capital
€92,637
▲ 91.7%
2022
20202022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022
Operating result€9,634-€42,123▲ 337%€55,152▲ 30.9%
Net result€8,657-€35,858▲ 314%€45,133▲ 25.9%
Equity€13,657-€49,515▲ 263%€94,648▲ 91.2%
Total assets€16,609-€61,173▲ 268%€126,326▲ 107%
Debt€2,952-€11,659▲ 295%€31,678▲ 172%
Working capital€13,167-€48,320▲ 267%€92,637▲ 91.7%
The operating result for 2022 is 31% higher than in 2021 and the highest since 2020. It is the second rise in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €126,326
Fixed assets
€2,011 ▲ 68.3%
Current assets
€124,315 ▲ 107%
Equity and liabilities €126,326
Equity
€94,648 ▲ 91.2%
Debt
€31,678 ▲ 172%
Debt's share of the balance-sheet total rises from 19.1% to 25.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€55,635▲
2021 · €42,397
Cash flow
€45,616▲
2021 · €36,132
Current ratio
3.92▼
2021 · 5.14
Debt to equity
0.33▲
2021 · 0.24
ROE
47.7%▼
2021 · 72.4%
ROA
35.7%▼
2021 · 58.6%
Interest coverage
over 100
2021 · over 100
Debt ≤ 1 year
€31,678▲
2021 · €11,659
Income taxes
€14,916▲
2021 · €7,300
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 |
|---|---|---|
| Tangible fixed assets | €980 | €1,299 |
| Depreciation and write-downs of the year | €275 | €483 |
Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €710 | €275 | €483 | ▲ 75.9% |
| Other operating charges640/8 | - | €357 | €967 | ▲ 171% |
| Gross operating margin9900 | €10,961 | €42,754 | €56,602 | ▲ 32.4% |
| Operating profit (loss)9901 | €9,634 | €42,123 | €55,152 | ▲ 30.9% |
| Financial income75/76B | - | €1,387 | €5,418 | ▲ 291% |
| Recurring financial income75 | €0 | €1,387 | €5,418 | ▲ 291% |
| Financial charges65/66B | - | €352 | €520 | ▲ 47.9% |
| Recurring financial charges65 | €117 | €352 | €520 | ▲ 47.9% |
| Profit (loss) for the period before taxes9903 | €9,517 | €43,158 | €60,049 | ▲ 39.1% |
| Income taxes67/77 | €860 | €7,300 | €14,916 | ▲ 104% |
| Profit (loss) for the period9904 | €8,657 | €35,858 | €45,133 | ▲ 25.9% |
| Profit (loss) for the period to be appropriated9905 | €8,657 | €35,858 | €45,133 | ▲ 25.9% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €16,609 | €61,173 | €126,326 | ▲ 107% |
| Fixed assets21/28 | €490 | €1,195 | €2,011 | ▲ 68.3% |
| Tangible fixed assets22/27 | €490 | €1,195 | €2,011 | ▲ 68.3% |
| Furniture and vehicles24 | - | €1,195 | €2,011 | ▲ 68.3% |
| Current assets29/58 | €16,119 | €59,978 | €124,315 | ▲ 107% |
| Amounts receivable within one year40/41 | €219 | €43,798 | €123,405 | ▲ 182% |
| Trade receivables40 | - | - | €10,032 | - |
| Other amounts receivable41 | - | €43,798 | €113,374 | ▲ 159% |
| Current investments50/53 | - | - | €70 | - |
| Cash at bank and in hand54/58 | €15,901 | €16,090 | €720 | ▼ 95.5% |
| Deferred charges and accrued income490/1 | - | €90 | €119 | ▲ 32.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €16,609 | €61,173 | €126,326 | ▲ 107% |
| Equity10/15 | €13,657 | €49,515 | €94,648 | ▲ 91.2% |
| Contributions10/11 | - | €5,000 | €5,000 | = |
| Contributions outside capital11 | - | - | €5,000 | - |
| Other1109/19 | - | - | €5,000 | - |
| Reserves13 | €8,600 | €44,100 | €89,100 | ▲ 102% |
| Distributable reserves133 | - | €44,100 | €89,100 | ▲ 102% |
| Profit (loss) carried forward14 | €57 | €415 | €548 | ▲ 32.1% |
| Amounts payable17/49 | €2,952 | €11,659 | €31,678 | ▲ 172% |
| Amounts payable within one year42/48 | €2,952 | €11,659 | €31,678 | ▲ 172% |
| Trade debts44 | €2,067 | €1,250 | €1,497 | ▲ 19.7% |
| Suppliers440/4 | - | €1,250 | €1,497 | ▲ 19.7% |
| Taxes, remuneration and social security45 | - | €10,409 | €30,182 | ▲ 190% |
| Taxes450/3 | - | €10,409 | €30,182 | ▲ 190% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,657 | €35,858 | €45,133 | ▲ 25.9% |
| + Depreciation and write-downs630 | €710 | €275 | €483 | ▲ 75.9% |
| Operating cash flow (approximation) | €9,367 | €36,132 | €45,616 | ▲ 26.2% |
| Investment in fixed assets (approximation) | - | -€980 | -€1,299 | ▼ 32.6% |
| Change in cash | - | €190 | -€15,370 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.