BDWEB
InactiveFinancials · financial year 2022, abbreviated format
2022 annual accounts filed late (88 days) Filed on 27 October 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00503980.
Turnover
≈ €530,000
Estimated: probably between €330,000 and €1.0m
Total assets
€765,665▲ 24.4%
2021 · €615,568
Net result
€1,026▼ 84.2%
2021 · €6,501
Working capital
€270,384▲ 6.2%
2021 · €254,516
Trend over the years
2021 to 2022, 2 financial years
The operating result rises in 2022; 2022 is 21% above 2021.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€13,045
2022
Net result€1,026
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€765,665
2022
Equity€10,527
2022
Debt€755,139
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€270,384
2022
Average staff in full-time equivalents (FTE).
Staff (FTE)3.8
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022
Operating result€10,809-€13,045▲ 20.7%
Net result€6,501-€1,026▼ 84.2%
Equity€9,501-€10,527▲ 10.8%
Total assets€615,568-€765,665▲ 24.4%
Debt€606,068-€755,139▲ 24.6%
Working capital€254,516-€270,384▲ 6.2%
Staff (FTE)3.4-3.8▲ 11.8%
Turnover and EBIT margin not published: the abbreviated 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 €765,665
Fixed assets
€106,572 ▼ 14.5%
Current assets
€659,093 ▲ 34.2%
Equity and liabilities €765,665
Equity
€10,527 ▲ 10.8%
Debt
€755,139 ▲ 24.6%
Debt's share of the balance-sheet total rises from 98.5% to 98.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€29,489▲
2021 · €23,282
Cash flow
€17,469▼
2021 · €18,974
Current ratio
1.70▼
2021 · 2.08
Quick ratio
0.46▼
2021 · 0.47
Debt to equity
71.74▲
2021 · 63.79
ROE
9.7%▼
2021 · 68.4%
ROA
0.1%▼
2021 · 1.1%
Interest coverage
2.26▼
2021 · 5.25
Debt ≤ 1 year
€388,709▲
2021 · €236,448
Debt > 1 year
€335,729▼
2021 · €369,619
Staff costs
€175,725▲
2021 · €123,549
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €123,549 | €175,725 | ▲ 42.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,473 | €16,443 | ▲ 31.8% |
| Other operating charges640/8 | €50 | €4,326 | ▲ 87× |
| Gross operating margin9900 | €146,881 | €209,540 | ▲ 42.7% |
| Operating profit (loss)9901 | €10,809 | €13,045 | ▲ 20.7% |
| Financial income75/76B | €130 | €1,007 | ▲ 674% |
| Recurring financial income75 | €130 | €1,007 | ▲ 674% |
| Financial charges65/66B | €4,438 | €13,026 | ▲ 193% |
| Recurring financial charges65 | €4,438 | €13,026 | ▲ 193% |
| Profit (loss) for the period before taxes9903 | €6,501 | €1,026 | ▼ 84.2% |
| Profit (loss) for the period9904 | €6,501 | €1,026 | ▼ 84.2% |
| Profit (loss) for the period to be appropriated9905 | €6,501 | €1,026 | ▼ 84.2% |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €615,568 | €765,665 | ▲ 24.4% |
| Fixed assets21/28 | €124,604 | €106,572 | ▼ 14.5% |
| Tangible fixed assets22/27 | €124,604 | €106,572 | ▼ 14.5% |
| Furniture and vehicles24 | €50,991 | €40,924 | ▼ 19.7% |
| Other tangible fixed assets26 | €73,613 | €65,647 | ▼ 10.8% |
| Current assets29/58 | €490,965 | €659,093 | ▲ 34.2% |
| Stocks and contracts in progress3 | €379,559 | €480,314 | ▲ 26.5% |
| Stocks30/36 | €379,559 | €480,314 | ▲ 26.5% |
| Amounts receivable within one year40/41 | €72,644 | €150,416 | ▲ 107% |
| Trade receivables40 | €71,107 | €148,561 | ▲ 109% |
| Other amounts receivable41 | €1,537 | €1,855 | ▲ 20.7% |
| Cash at bank and in hand54/58 | €37,503 | €28,347 | ▼ 24.4% |
| Deferred charges and accrued income490/1 | €1,259 | €16 | ▼ 98.7% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €615,568 | €765,665 | ▲ 24.4% |
| Equity10/15 | €9,501 | €10,527 | ▲ 10.8% |
| Contributions10/11 | €3,000 | €3,000 | = |
| Reserves13 | €6,501 | €7,527 | ▲ 15.8% |
| Distributable reserves133 | €6,501 | €7,527 | ▲ 15.8% |
| Amounts payable17/49 | €606,068 | €755,139 | ▲ 24.6% |
| Amounts payable after more than one year17 | €369,619 | €335,729 | ▼ 9.2% |
| Financial debts170/4 | €144,619 | €110,729 | ▼ 23.4% |
| Other amounts payable178/9 | €225,000 | €225,000 | = |
| Amounts payable within one year42/48 | €236,448 | €388,709 | ▲ 64.4% |
| Current portion of amounts payable after more than one year42 | €33,395 | €33,890 | ▲ 1.5% |
| Trade debts44 | €181,441 | €198,557 | ▲ 9.4% |
| Suppliers440/4 | €181,441 | €198,557 | ▲ 9.4% |
| Taxes, remuneration and social security45 | €560 | €35,337 | ▲ 63× |
| Taxes450/3 | €560 | €6,485 | ▲ 12× |
| Remuneration and social security454/9 | - | €28,852 | - |
| Other amounts payable47/48 | €21,053 | €120,925 | ▲ 474% |
| Accrued charges and deferred income492/3 | - | €30,700 | - |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €6,501 | €1,026 | ▼ 84.2% |
| + Depreciation and write-downs630 | €12,473 | €16,443 | ▲ 31.8% |
| Operating cash flow (approximation) | €18,974 | €17,469 | ▼ 7.9% |
| Investment in fixed assets (approximation) | - | €1,589 | - |
| Change in cash | - | -€9,156 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | abbreviated format | 27-10-2023 | 2023-00503980 |
| 31-12-2021 | abbreviated format | 05-07-2022 | 2022-20151823 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.