Bart De Schutter
Open bankruptcyFinancials · financial year 2023, micro format
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
≈ €160,000
Estimated: probably between €100,000 and €270,000
Total assets
€46,669▲ 65.5%
2022 · €28,204
Net result
€25,078▼ 12.3%
2022 · €28,581
Working capital
€17,113▲ 12×
2022 · €1,388
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result falls in 2023; 2023 is 21% below 2022.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€25,626
2023
Net result€25,078
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€46,669
2023
Equity-€9,852
2023
Debt€56,521
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€17,113
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)53.7%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-21.1%
2023
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.70
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)1
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 22, Manufacture of rubber and plastic products: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result-€36,496-€106,346-€57,342-€55,365▲ 3.4%€32,514€25,626▼ 21.2%
Net result-€40,617-€81,169-€60,520below the sector's middle half-€59,201below the sector's middle half▲ 2.2%€28,581within the sector's middle half€25,078within the sector's middle half▼ 12.3%
Equity-€24,959-€56,210-€4,311below the sector's middle half-€63,512below the sector's middle half▼ 1,373%-€34,930below the sector's middle half▲ 45.0%-€9,852below the sector's middle half▲ 71.8%
Total assets€62,879-€152,542▲ 143%€61,554below the sector's middle half▼ 59.6%€19,516below the sector's middle half▼ 68.3%€28,204below the sector's middle half▲ 44.5%€46,669below the sector's middle half▲ 65.5%
Debt€87,838-€96,332▲ 9.7%€65,865▼ 31.6%€83,028▲ 26.1%€63,134▼ 24.0%€56,521▼ 10.5%
Working capital-€21,792-€47,654€5,120within the sector's middle half▼ 89.3%-€53,174below the sector's middle half€1,388within the sector's middle half€17,113within the sector's middle half▲ 12×
Solvency-39.7%-36.8%▲ 76.5pp-7.0%below the sector's middle half▼ 43.9pp-325.4%below the sector's middle half▼ 318.4pp-123.8%below the sector's middle half▲ 201.6pp-21.1%below the sector's middle half▲ 102.7pp
Current ratio0.72-1.49▲ 0.771.10within the sector's middle half▼ 0.390.20below the sector's middle half▼ 0.901.07within the sector's middle half▲ 0.861.70within the sector's middle half▲ 0.63
Return on assets (ROA)-64.6%-53.2%▲ 117.8pp-98.3%below the sector's middle half▼ 151.5pp-303.3%below the sector's middle half▼ 205.0pp101.3%above the sector's middle half▲ 404.7pp53.7%above the sector's middle half▼ 47.6pp
Staff (FTE)0.31▲ 233%
above
within
below
the middle half of NACE 22, Manufacture of rubber and plastic products: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €46,669
Fixed assets
€5,035 ▼ 17.2%
Current assets
€41,634 ▲ 88.2%
Equity and liabilities
Equity-€9,852
Debt€56,521
Equity is negative: debt (€56,521) exceeds the balance-sheet total (€46,669).
Key figures and ratios
EBITDA
€26,672▼
2022 · €33,477
Cash flow
€26,125▼
2022 · €29,544
Interest coverage
43.16▲
2022 · 8.37
Debt ≤ 1 year
€24,521▲
2022 · €20,734
Debt > 1 year
€32,000▼
2022 · €40,000
Staff costs
€23,938▲
2022 · €7,705
No debt to equity: equity is negative, so debt divided by equity means nothing.
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 |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €7,705 | €23,938 | ▲ 211% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €784 | €1,290 | €1,290 | €820 | €963 | €1,047 | ▲ 8.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | -€29,048 | €0 | - |
| Other operating charges640/8 | - | - | - | €792 | €1,161 | €1,115 | ▼ 4.0% |
| Non-recurring operating charges66A | - | - | - | €705 | €0 | €336 | - |
| Gross operating margin9900 | -€5,915 | €108,428 | -€55,306 | -€53,049 | €13,295 | €52,062 | ▲ 292% |
| Operating profit (loss)9901 | -€36,496 | €106,346 | -€57,342 | -€55,365 | €32,514 | €25,626 | ▼ 21.2% |
| Financial income75/76B | - | - | - | €37 | €66 | €70 | ▲ 6.9% |
| Recurring financial income75 | €0 | €0 | - | €37 | €66 | €70 | ▲ 6.9% |
| Financial charges65/66B | - | - | - | €3,873 | €3,998 | €618 | ▼ 84.5% |
| Recurring financial charges65 | €3,993 | €3,088 | €3,183 | €3,873 | €3,998 | €618 | ▼ 84.5% |
| Profit (loss) for the period before taxes9903 | -€40,490 | €103,258 | -€60,525 | -€59,201 | €28,581 | €25,078 | ▼ 12.3% |
| Income taxes67/77 | €127 | €22,089 | -€5 | €0 | - | - | - |
| Profit (loss) for the period9904 | -€40,617 | €81,169 | -€60,520 | -€59,201 | €28,581 | €25,078 | ▼ 12.3% |
| Profit (loss) for the period to be appropriated9905 | -€40,617 | €81,169 | -€60,520 | -€59,201 | €28,581 | €25,078 | ▼ 12.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €62,879 | €152,542 | €61,554 | €19,516 | €28,204 | €46,669 | ▲ 65.5% |
| Formation expenses20 | €0 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €6,574 | €8,581 | €7,286 | €5,946 | €6,082 | €5,035 | ▼ 17.2% |
| Intangible fixed assets21 | €0 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €2,306 | €4,290 | €3,000 | €1,475 | €1,687 | €641 | ▼ 62.0% |
| Plant, machinery and equipment23 | - | - | - | €1,310 | €655 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €165 | €1,032 | €641 | ▼ 37.9% |
| Financial fixed assets28 | €4,269 | €4,291 | €4,286 | €4,471 | €4,394 | €4,394 | = |
| Current assets29/58 | €56,305 | €143,961 | €54,268 | €13,570 | €22,122 | €41,634 | ▲ 88.2% |
| Stocks and contracts in progress3 | €3,928 | €500 | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €50,439 | €49,371 | €37,813 | €11,181 | €14,838 | €2,470 | ▼ 83.4% |
| Trade receivables40 | - | - | - | €8,264 | €14,469 | €901 | ▼ 93.8% |
| Other amounts receivable41 | - | - | - | €2,916 | €368 | €1,569 | ▲ 326% |
| Current investments50/53 | €0 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0 | €91,993 | €12,437 | €0 | €5,068 | €33,263 | ▲ 556% |
| Deferred charges and accrued income490/1 | - | - | - | €2,389 | €2,216 | €5,902 | ▲ 166% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €62,879 | €152,542 | €61,554 | €19,516 | €28,204 | €46,669 | ▲ 65.5% |
| Equity10/15 | -€24,959 | €56,210 | -€4,311 | -€63,512 | -€34,930 | -€9,852 | ▲ 71.8% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €50,010 | €50,010 | €50,010 | €50,010 | €50,010 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | ▼ 100% |
| Distributable reserves133 | - | - | - | €48,150 | €48,150 | €50,010 | ▲ 3.9% |
| Profit (loss) carried forward14 | -€33,019 | €0 | -€60,520 | -€119,721 | -€91,140 | -€66,062 | ▲ 27.5% |
| Amounts payable17/49 | €87,838 | €96,332 | €65,865 | €83,028 | €63,134 | €56,521 | ▼ 10.5% |
| Amounts payable after more than one year17 | €150 | - | €16,691 | €12,620 | €40,000 | €32,000 | ▼ 20.0% |
| Financial debts170/4 | - | - | - | €12,620 | €40,000 | €32,000 | ▼ 20.0% |
| Amounts payable within one year42/48 | €78,097 | €96,307 | €49,148 | €66,744 | €20,734 | €24,521 | ▲ 18.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €4,072 | €0 | €4,000 | - |
| Financial debts43 | - | - | - | €25,717 | €0 | - | - |
| Credit institutions430/8 | - | - | - | €25,717 | €0 | - | - |
| Trade debts44 | €41,228 | €40,622 | €7,845 | €19,154 | €3,706 | €7,348 | ▲ 98.2% |
| Suppliers440/4 | - | - | - | €19,154 | €3,706 | €7,348 | ▲ 98.2% |
| Taxes, remuneration and social security45 | - | - | - | €2,173 | €0 | €443 | - |
| Taxes450/3 | - | - | - | €0 | - | - | - |
| Remuneration and social security454/9 | - | - | - | €2,173 | €0 | €443 | - |
| Other amounts payable47/48 | - | - | - | €15,628 | €17,028 | €12,730 | ▼ 25.2% |
| Accrued charges and deferred income492/3 | - | - | - | €3,664 | €2,400 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€40,617 | €81,169 | -€60,520 | -€59,201 | €28,581 | €25,078 | ▼ 12.3% |
| + Depreciation and write-downs630 | €784 | €1,290 | €1,290 | €820 | €963 | €1,047 | ▲ 8.7% |
| Operating cash flow (approximation) | -€39,833 | €82,459 | -€59,230 | -€58,381 | €29,544 | €26,125 | ▼ 11.6% |
| Investment in fixed assets (approximation) | - | -€3,297 | €5 | €520 | -€1,098 | €0 | - |
| Change in cash | - | €91,993 | -€79,557 | -€12,437 | €5,068 | €28,194 | ▲ 456% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | micro format | 24-06-2024 | 2024-00153336 |
| 31-12-2022 | micro format | 23-08-2023 | 2023-00343347 |
| 31-12-2021 | micro format | 18-07-2022 | 2022-20194338 |
| 31-12-2020 | micro format | 31-08-2021 | 2021-63000159 |
| 31-12-2019 | micro format | 02-07-2020 | 2020-25100257 |
| 31-12-2018 | micro format | 20-08-2019 | 2019-47900414 |
| 31-12-2017 | micro format | 29-08-2018 | 2018-52900537 |
| 31-12-2016 | micro format | 11-07-2017 | 2017-30500173 |
| 31-12-2015 | abbreviated format | 18-07-2016 | 2016-33800324 |
| 31-12-2014 | abbreviated format | 21-08-2015 | 2015-46700164 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 616 active companies whose main activity is manufacture of rubber and plastic products (NACE 22240), figures are known for 369. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.