BBJB
Open bankruptcyFinancials · financial year 2023, micro format
2023 annual accounts filed 120 days after the deadline Filed on 28 November 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00605808.
Annual accounts 2023 filed on 28-11-2024 PDF all 4 filings
Turnover
≈ €290,000
Estimated: probably between €200,000 and €450,000
Total assets
€320,059▲ 64.4%
2022 · €194,708
Net result
-€61,128▼ 18.3%
2022 · -€51,653
Working capital
-€228,240▼ 29.8%
2022 · -€175,857
Trend over the years
2020 to 2023, 4 financial years
The operating result for 2023 is a loss of €62,322, larger than the loss of €50,718 in 2022.
Operating result-€62,322
2023
Net result-€61,128
2023
Total assets€320,059
2023
Equity-€163,876
2023
Debt€483,935
2023
Working capital-€228,240
2023
Return on assets (ROA)-19.1%
2023
Solvency-51.2%
2023
Current ratio0.44
2023
Staff (FTE)9.5
2022
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Manufacture of food products (NACE 10). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line2020202120222023
Operating result-€65,517-€28,115-€50,718-€62,322▼ 22.9%
Net result-€69,741below the sector's middle half-€17,145within the sector's middle half-€51,653below the sector's middle half-€61,128below the sector's middle half▼ 18.3%
Equity-€68,241below the sector's middle half--€51,095below the sector's middle half▲ 25.1%-€102,748below the sector's middle half▼ 101%-€163,876below the sector's middle half▼ 59.5%
Total assets€112,527within the sector's middle half-€192,203within the sector's middle half▲ 70.8%€194,708within the sector's middle half▲ 1.3%€320,059within the sector's middle half▲ 64.4%
Debt€180,767-€243,299▲ 34.6%€297,456▲ 22.3%€483,935▲ 62.7%
Working capital-€122,633below the sector's middle half--€127,644below the sector's middle half▼ 4.1%-€175,857below the sector's middle half▼ 37.8%-€228,240below the sector's middle half▼ 29.8%
Solvency-60.6%below the sector's middle half--26.6%below the sector's middle half▲ 34.1pp-52.8%below the sector's middle half▼ 26.2pp-51.2%below the sector's middle half▲ 1.6pp
Current ratio0.20below the sector's middle half-0.42below the sector's middle half▲ 0.220.38below the sector's middle half▼ 0.040.44below the sector's middle half▲ 0.06
Return on assets (ROA)-62.0%below the sector's middle half-8.9%within the sector's middle half▲ 70.9pp-26.5%below the sector's middle half▼ 35.4pp-19.1%below the sector's middle half▲ 7.4pp
Staff (FTE)6.8above the sector's middle half-9.5
above
within
below
The sector band is the middle half of the companies in Manufacture of food products (NACE 10). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
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
2023 in colour, 2022 as the grey bar beneath
Assets €320,059
Fixed assets
€142,688 ▲ 65.0%
Current assets
€177,372 ▲ 63.9%
Equity and liabilities
Equity-€163,876
Debt€483,935
Equity is negative. Debt (€483,935) exceeds the balance-sheet total (€320,059).
Key figures and ratios
EBITDA
-€41,531▼
2022 · -€36,214
Cash flow
-€40,337▼
2022 · -€37,149
Quick ratio
0.42▲
2022 · 0.35
Interest coverage
-39.17▲
2022 · -106.24
Debt ≤ 1 year
€405,612▲
2022 · €284,086
Debt > 1 year
€714▼
2022 · €9,146
Staff costs
€151,952▼
2022 · €200,829
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €22,365 | - | - | - |
| Remuneration, social security and pensions62 | - | €168,084 | €200,829 | €151,952 | ▼ 24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,301 | €14,186 | €14,504 | €20,791 | ▲ 43.3% |
| Other operating charges640/8 | - | €2,179 | €3,091 | €6,583 | ▲ 113% |
| Gross operating margin9900 | €138,178 | €212,564 | €167,707 | €117,004 | ▼ 30.2% |
| Operating profit (loss)9901 | -€65,517 | €28,115 | -€50,718 | -€62,322 | ▼ 22.9% |
| Financial income75/76B | - | - | €0 | €2,254 | ▲ 5,367× |
| Recurring financial income75 | €61 | - | €0 | €2,254 | ▲ 5,367× |
| Financial charges65/66B | - | €8,286 | €341 | €1,060 | ▲ 211% |
| Recurring financial charges65 | €4,285 | €8,286 | €341 | €1,060 | ▲ 211% |
| Profit (loss) for the period before taxes9903 | -€69,741 | €19,830 | -€51,058 | -€61,128 | ▼ 19.7% |
| Income taxes67/77 | - | €2,684 | €595 | - | - |
| Profit (loss) for the period9904 | -€69,741 | €17,145 | -€51,653 | -€61,128 | ▼ 18.3% |
| Profit (loss) for the period to be appropriated9905 | -€69,741 | €17,145 | -€51,653 | -€61,128 | ▼ 18.3% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €112,527 | €192,203 | €194,708 | €320,059 | ▲ 64.4% |
| Fixed assets21/28 | €82,752 | €100,982 | €86,478 | €142,688 | ▲ 65.0% |
| Intangible fixed assets21 | €43,750 | €38,750 | €33,750 | €99,463 | ▲ 195% |
| Tangible fixed assets22/27 | €35,002 | €58,172 | €48,668 | €39,164 | ▼ 19.5% |
| Land and buildings22 | - | €2,546 | €1,620 | €694 | ▼ 57.1% |
| Plant, machinery and equipment23 | - | €54,059 | €46,022 | €37,984 | ▼ 17.5% |
| Furniture and vehicles24 | - | €1,567 | €1,026 | €485 | ▼ 52.7% |
| Financial fixed assets28 | €4,000 | €4,060 | €4,060 | €4,060 | = |
| Current assets29/58 | €29,775 | €91,221 | €108,229 | €177,372 | ▲ 63.9% |
| Stocks and contracts in progress3 | €6,526 | €9,887 | €8,937 | €6,598 | ▼ 26.2% |
| Stocks30/36 | - | €9,887 | €8,937 | €6,598 | ▼ 26.2% |
| Amounts receivable within one year40/41 | €3,255 | €31,072 | €7,660 | €47,419 | ▲ 519% |
| Trade receivables40 | - | €19,190 | €4,687 | €411 | ▼ 91.2% |
| Other amounts receivable41 | - | €11,883 | €2,973 | €47,008 | ▲ 16× |
| Cash at bank and in hand54/58 | €15,852 | €48,053 | €83,919 | €121,118 | ▲ 44.3% |
| Deferred charges and accrued income490/1 | - | €2,209 | €7,713 | €2,236 | ▼ 71.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €112,527 | €192,203 | €194,708 | €320,059 | ▲ 64.4% |
| Equity10/15 | -€68,241 | -€51,095 | -€102,748 | -€163,876 | ▼ 59.5% |
| Contributions10/11 | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Contributions outside capital11 | - | €1,500 | - | - | - |
| Other1109/19 | - | €1,500 | - | - | - |
| Profit (loss) carried forward14 | -€69,741 | -€52,595 | -€104,248 | -€165,376 | ▼ 58.6% |
| Amounts payable17/49 | €180,767 | €243,299 | €297,456 | €483,935 | ▲ 62.7% |
| Amounts payable after more than one year17 | €28,360 | €17,864 | €9,146 | €714 | ▼ 92.2% |
| Financial debts170/4 | - | €17,864 | €9,146 | €714 | ▼ 92.2% |
| Amounts payable within one year42/48 | €152,407 | €218,864 | €284,086 | €405,612 | ▲ 42.8% |
| Current portion of amounts payable after more than one year42 | - | €10,496 | €8,200 | €13,763 | ▲ 67.8% |
| Financial debts43 | - | - | - | €270 | - |
| Credit institutions430/8 | - | - | - | €270 | - |
| Trade debts44 | €100,125 | €170,652 | €169,009 | €241,749 | ▲ 43.0% |
| Suppliers440/4 | - | €170,652 | €169,009 | €241,749 | ▲ 43.0% |
| Taxes, remuneration and social security45 | - | €19,174 | €16,543 | €90,871 | ▲ 449% |
| Taxes450/3 | - | €4,505 | €9,450 | €30,507 | ▲ 223% |
| Remuneration and social security454/9 | - | €14,669 | €7,094 | €60,364 | ▲ 751% |
| Other amounts payable47/48 | - | €18,542 | €90,333 | €58,959 | ▼ 34.7% |
| Accrued charges and deferred income492/3 | - | €6,570 | €4,224 | €77,610 | ▲ 18× |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€69,741 | €17,145 | -€51,653 | -€61,128 | ▼ 18.3% |
| + Depreciation and write-downs630 | €13,301 | €14,186 | €14,504 | €20,791 | ▲ 43.3% |
| Operating cash flow (approximation) | -€56,440 | €31,331 | -€37,149 | -€40,337 | ▼ 8.6% |
| Investment in fixed assets (approximation) | - | -€32,416 | €0 | -€77,000 | - |
| Change in cash | - | €32,200 | €35,866 | €37,199 | ▲ 3.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.