BBFM
InactiveFinancials · financial year 2021, micro format
2021 annual accounts filed 30 days after the deadline Filed on 30 August 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20351491.
Annual accounts 2021 filed on 30-08-2022 PDF all 45 filings
Turnover
≈ €180,000
Estimated: probably between €110,000 and €330,000
Total assets
€616,516▼ 3.6%
2020 · €639,661
Net result
€2,498
2020 · -€1,496
Working capital
-€21,654
2020 · €99,922
Multi-year overview
2018 to 2021, 4 financial yearsOperating result
€18,112
▲ 119%
2021
20182021
Net result
€2,498
2021
20182021
Equity
€392,222
▼ 21.5%
2021
20182021
Total assets
€616,516
▼ 3.6%
2021
20182021
Debt
€205,254
▲ 69.8%
2021
20182021
Working capital
-€21,654
2021
20182021
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result€1,565-€3,855▲ 146%€8,273▲ 115%€18,112▲ 119%
Net result-€4,414--€2,565▲ 41.9%-€1,496▲ 41.7%€2,498
Equity€503,774-€501,210▼ 0.5%€499,714▼ 0.3%€392,222▼ 21.5%
Total assets€691,560-€669,860▼ 3.1%€639,661▼ 4.5%€616,516▼ 3.6%
Debt€172,926-€151,060▼ 12.6%€120,907▼ 20.0%€205,254▲ 69.8%
Working capital€20,644-€88,845▲ 330%€99,922▲ 12.5%-€21,654
The operating result for 2021 is 119% higher than in 2020 and the highest since 2018. It is the third 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
2021 in colour, 2020 as the grey bar beneath
Assets €616,516
Fixed assets
€498,139 ▼ 3.8%
Current assets
€118,377 ▼ 3.1%
Equity and liabilities €616,516
Equity
€392,222 ▼ 21.5%
Provisions
€19,040 =
Debt
€205,254 ▲ 69.8%
Debt's share of the balance-sheet total rises from 18.9% to 33.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€37,533▲
2020 · €32,376
Cash flow
€21,918▼
2020 · €22,607
Current ratio
0.85▼
2020 · 5.51
Debt to equity
0.52▲
2020 · 0.20
ROE
0.6%▲
2020 · -0.3%
ROA
0.4%▲
2020 · -0.2%
Interest coverage
8.76
Debt ≤ 1 year
€140,031▲
2020 · €22,180
Debt > 1 year
€65,223▼
2020 · €98,727
Income taxes
€11,329▲
2020 · €4,293
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 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,812 | €25,371 | €24,103 | €19,420 | ▼ 19.4% |
| Other operating charges640/8 | - | - | - | €7,599 | - |
| Gross operating margin9900 | €32,014 | €38,761 | €42,706 | €45,132 | ▲ 5.7% |
| Operating profit (loss)9901 | €1,565 | €3,855 | €8,273 | €18,112 | ▲ 119% |
| Financial charges65/66B | - | - | - | €4,286 | - |
| Recurring financial charges65 | €5,813 | €5,841 | €5,475 | €4,286 | ▼ 21.7% |
| Profit (loss) for the period before taxes9903 | -€4,248 | -€1,986 | €2,798 | €13,827 | ▲ 394% |
| Income taxes67/77 | €165 | €578 | €4,293 | €11,329 | ▲ 164% |
| Profit (loss) for the period9904 | -€4,414 | -€2,565 | -€1,496 | €2,498 | - |
| Profit (loss) for the period to be appropriated9905 | -€4,414 | -€2,565 | -€1,496 | €2,498 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €691,560 | €669,860 | €639,661 | €616,516 | ▼ 3.6% |
| Fixed assets21/28 | €646,788 | €541,662 | €517,559 | €498,139 | ▼ 3.8% |
| Tangible fixed assets22/27 | €556,188 | €541,662 | €517,559 | €498,139 | ▼ 3.8% |
| Land and buildings22 | - | - | - | €487,887 | - |
| Plant, machinery and equipment23 | - | - | - | €6,078 | - |
| Furniture and vehicles24 | - | - | - | €4,174 | - |
| Financial fixed assets28 | €90,600 | - | - | - | - |
| Current assets29/58 | €44,772 | €128,198 | €122,102 | €118,377 | ▼ 3.1% |
| Amounts receivable within one year40/41 | €20,154 | €126,376 | €116,540 | €108,721 | ▼ 6.7% |
| Trade receivables40 | - | - | - | €21,721 | - |
| Other amounts receivable41 | - | - | - | €87,000 | - |
| Current investments50/53 | €15 | €15 | €15 | €15 | = |
| Cash at bank and in hand54/58 | €23,768 | €367 | €4,057 | €8,110 | ▲ 99.9% |
| Deferred charges and accrued income490/1 | - | - | - | €1,530 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €691,560 | €669,860 | €639,661 | €616,516 | ▼ 3.6% |
| Equity10/15 | €503,774 | €501,210 | €499,714 | €392,222 | ▼ 21.5% |
| Contributions10/11 | €141,299 | €141,299 | €141,299 | €141,299 | = |
| Capital10 | - | - | - | €141,299 | - |
| Issued capital100 | - | - | - | €141,299 | - |
| Reserves13 | €250,923 | €250,923 | €250,923 | €250,923 | = |
| Non-distributable reserves130/1 | - | - | - | €14,130 | - |
| Legal reserve130 | - | - | - | €14,130 | - |
| Tax-exempt reserves132 | - | - | - | €236,793 | - |
| Profit (loss) carried forward14 | €111,552 | €108,988 | €107,492 | €0 | ▼ 100.0% |
| Provisions and deferred taxes16 | €14,860 | €17,590 | €19,040 | €19,040 | = |
| Provisions for liabilities and charges160/5 | - | - | - | €19,040 | - |
| Other liabilities and charges164/5 | - | - | - | €19,040 | - |
| Amounts payable17/49 | €172,926 | €151,060 | €120,907 | €205,254 | ▲ 69.8% |
| Amounts payable after more than one year17 | €148,798 | €111,708 | €98,727 | €65,223 | ▼ 33.9% |
| Financial debts170/4 | - | - | - | €55,473 | - |
| Other amounts payable178/9 | - | - | - | €9,750 | - |
| Amounts payable within one year42/48 | €24,128 | €39,353 | €22,180 | €140,031 | ▲ 531% |
| Financial debts43 | - | - | - | €5,346 | - |
| Credit institutions430/8 | - | - | - | €5,346 | - |
| Trade debts44 | €14,337 | €16,754 | €8,710 | €9,114 | ▲ 4.6% |
| Suppliers440/4 | - | - | - | €9,114 | - |
| Taxes, remuneration and social security45 | - | - | - | €15,582 | - |
| Taxes450/3 | - | - | - | €15,582 | - |
| Other amounts payable47/48 | - | - | - | €109,990 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,414 | -€2,565 | -€1,496 | €2,498 | - |
| + Depreciation and write-downs630 | €22,812 | €25,371 | €24,103 | €19,420 | ▼ 19.4% |
| Operating cash flow (approximation) | €18,399 | €22,806 | €22,607 | €21,918 | ▼ 3.0% |
| Investment in fixed assets (approximation) | - | €79,755 | €0 | €0 | - |
| Change in cash | - | -€23,402 | €3,690 | €4,053 | ▲ 9.8% |
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 45 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | micro format | 30-08-2022 | 2022-20351491 | |
| 31-12-2020 | micro format | 29-08-2021 | 2021-57500201 | |
| 31-12-2019 | micro format | 31-08-2020 | 2020-47600601 | |
| 31-12-2018 | micro format | 23-08-2019 | 2019-49500449 | |
| 31-12-2017 | micro format | 27-08-2018 | 2018-54000104 | |
| 31-12-2016 | micro format | 28-08-2017 | 2017-50000354 | |
| 31-12-2015 | full format | 27-08-2016 | 2016-48000234 | |
| 31-12-2014 | full format | 28-08-2015 | 2015-48600207 | |
| 31-12-2013 | full format | 18-06-2014 | 2014-18900013 | |
| 31-12-2012 | full format | 13-06-2013 | 2013-17600225 |