BEFLEX
Bankruptcy closedFinancials · financial year 2022, micro format
2022 annual accounts filed late (84 days) Filed on 23 October 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00489943.
Equity
-€74,716▼ 778%
2021 · -€8,506
Total assets
€157,118▼ 20.2%
2021 · €196,966
Net result
-€66,210▼ 23.5%
2021 · -€53,630
Working capital
-€34,173
2021 · €58,587
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result stays negative: a loss of €57,506 in 2022 against €42,853 in 2021; the loss grows and 2022 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€57,506
2022
Net result-€66,210
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€157,118
2022
Equity-€74,716
2022
Debt€231,834
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€34,173
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
Line20182019202020212022
Operating result€14,610-€18,067▲ 23.7%€526▼ 97.1%-€42,853-€57,506▼ 34.2%
Net result€6,720-€8,995▲ 33.9%-€9,764-€53,630▼ 449%-€66,210▼ 23.5%
Equity€45,893-€54,888▲ 19.6%€45,124▼ 17.8%-€8,506-€74,716▼ 778%
Total assets€218,712-€248,465▲ 13.6%€213,318▼ 14.1%€196,966▼ 7.7%€157,118▼ 20.2%
Debt€172,820-€193,577▲ 12.0%€168,194▼ 13.1%€205,472▲ 22.2%€231,834▲ 12.8%
Working capital€46,035-€50,523▲ 9.7%€79,807▲ 58.0%€58,587▼ 26.6%-€34,173
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €157,118
Fixed assets
€12,100 ▼ 1.4%
Current assets
€145,018 ▼ 21.5%
Equity and liabilities
Equity-€74,716
Debt€231,834
Equity is negative: debt (€231,834) exceeds the balance-sheet total (€157,118).
Key figures and ratios
EBITDA
-€54,033▼
2021 · -€39,912
Cash flow
-€62,738▼
2021 · -€50,689
Solvency
-47.6%▼
2021 · -4.3%
Current ratio
0.81▼
2021 · 1.46
Quick ratio
0.01▼
2021 · 0.06
ROA
-42.1%▼
2021 · -27.2%
Interest coverage
-6.78▼
2021 · -3.97
Debt ≤ 1 year
€179,191▲
2021 · €126,112
Debt > 1 year
€52,644▼
2021 · €79,360
Income taxes
€732▲
2021 · €730
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 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,656 | €2,800 | €1,934 | €2,941 | €3,473 | ▲ 18.1% |
| Other operating charges640/8 | - | - | - | €2,505 | €1,591 | ▼ 36.5% |
| Gross operating margin9900 | €19,370 | €25,173 | €5,154 | -€37,407 | -€52,442 | ▼ 40.2% |
| Operating profit (loss)9901 | €14,610 | €18,067 | €526 | -€42,853 | -€57,506 | ▼ 34.2% |
| Financial income75/76B | - | - | - | €1 | - | - |
| Recurring financial income75 | €1,687 | €2,915 | €122 | €1 | - | - |
| Financial charges65/66B | - | - | - | €10,048 | €7,973 | ▼ 20.7% |
| Recurring financial charges65 | €9,577 | €11,649 | €9,681 | €10,048 | €7,973 | ▼ 20.7% |
| Profit (loss) for the period before taxes9903 | €6,720 | €9,332 | -€9,033 | -€52,900 | -€65,478 | ▼ 23.8% |
| Income taxes67/77 | - | €337 | €731 | €730 | €732 | ▲ 0.3% |
| Profit (loss) for the period9904 | €6,720 | €8,995 | -€9,764 | -€53,630 | -€66,210 | ▼ 23.5% |
| Profit (loss) for the period to be appropriated9905 | €6,720 | €8,995 | -€9,764 | -€53,630 | -€66,210 | ▼ 23.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €218,712 | €248,465 | €213,318 | €196,966 | €157,118 | ▼ 20.2% |
| Fixed assets21/28 | €4,089 | €4,365 | €2,431 | €12,267 | €12,100 | ▼ 1.4% |
| Tangible fixed assets22/27 | €4,089 | €4,365 | €2,431 | €12,267 | €12,100 | ▼ 1.4% |
| Plant, machinery and equipment23 | - | - | - | €827 | €468 | ▼ 43.4% |
| Furniture and vehicles24 | - | - | - | €11,440 | €11,632 | ▲ 1.7% |
| Current assets29/58 | €214,624 | €244,100 | €210,887 | €184,699 | €145,018 | ▼ 21.5% |
| Stocks and contracts in progress3 | €184,970 | €175,762 | €195,867 | €176,541 | €142,474 | ▼ 19.3% |
| Stocks30/36 | - | - | - | €176,541 | €142,474 | ▼ 19.3% |
| Amounts receivable within one year40/41 | €26,760 | €52,897 | €4,947 | €618 | - | - |
| Trade receivables40 | - | - | - | €618 | - | - |
| Cash at bank and in hand54/58 | €2,030 | €13,704 | €6,816 | €4,376 | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €3,165 | €2,544 | ▼ 19.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €218,712 | €248,465 | €213,318 | €196,966 | €157,118 | ▼ 20.2% |
| Equity10/15 | €45,893 | €54,888 | €45,124 | -€8,506 | -€74,716 | ▼ 778% |
| Contributions10/11 | €19,000 | €19,000 | - | €19,000 | €19,000 | = |
| Reserves13 | €28,728 | €35,888 | €35,888 | €35,888 | €35,888 | = |
| Non-distributable reserves130/1 | - | - | - | €1,900 | €1,900 | = |
| Reserves not available under the articles1311 | - | - | - | €1,900 | €1,900 | = |
| Tax-exempt reserves132 | - | - | - | €26,828 | €26,828 | = |
| Distributable reserves133 | - | - | - | €7,160 | €7,160 | = |
| Profit (loss) carried forward14 | -€1,835 | - | -€9,764 | -€63,394 | -€129,604 | ▼ 104% |
| Amounts payable17/49 | €172,820 | €193,577 | €168,194 | €205,472 | €231,834 | ▲ 12.8% |
| Amounts payable after more than one year17 | €4,231 | - | €37,114 | €79,360 | €52,644 | ▼ 33.7% |
| Financial debts170/4 | - | - | - | €79,360 | €52,644 | ▼ 33.7% |
| Amounts payable within one year42/48 | €168,589 | €193,577 | €131,080 | €126,112 | €179,191 | ▲ 42.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €18,032 | €18,383 | ▲ 1.9% |
| Financial debts43 | - | - | - | €9,722 | €19,119 | ▲ 96.7% |
| Credit institutions430/8 | - | - | - | - | €5,230 | - |
| Other loans439 | - | - | - | €9,722 | €13,889 | ▲ 42.9% |
| Trade debts44 | €81,426 | €124,342 | €81,515 | €35,959 | €91,200 | ▲ 154% |
| Suppliers440/4 | - | - | - | €35,959 | €91,200 | ▲ 154% |
| Taxes, remuneration and social security45 | - | - | - | €13,898 | €17,460 | ▲ 25.6% |
| Taxes450/3 | - | - | - | €13,898 | €17,460 | ▲ 25.6% |
| Other amounts payable47/48 | - | - | - | €48,501 | €33,030 | ▼ 31.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,720 | €8,995 | -€9,764 | -€53,630 | -€66,210 | ▼ 23.5% |
| + Depreciation and write-downs630 | €3,656 | €2,800 | €1,934 | €2,941 | €3,473 | ▲ 18.1% |
| Operating cash flow (approximation) | €10,375 | €11,795 | -€7,829 | -€50,689 | -€62,738 | ▼ 23.8% |
| Investment in fixed assets (approximation) | - | -€3,077 | €0 | -€12,777 | -€3,306 | ▲ 74.1% |
| Change in cash | - | €11,674 | -€6,888 | -€2,440 | - | - |
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 22 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | micro format | 23-10-2023 | 2023-00489943 |
| 31-12-2021 | micro format | 03-08-2022 | 2022-20265488 |
| 31-12-2020 | micro format | 30-06-2021 | 2021-28400560 |
| 31-12-2019 | micro format | 10-07-2020 | 2020-29000209 |
| 31-12-2018 | micro format | 15-07-2019 | 2019-32700234 |
| 31-12-2017 | micro format | 29-06-2018 | 2018-26100213 |
| 31-12-2016 | micro format | 30-06-2017 | 2017-25100350 |
| 31-12-2015 | abbreviated format | 21-04-2016 | 2016-10300586 |
| 31-12-2014 | abbreviated format | 25-06-2015 | 2015-22200445 |
| 31-12-2013 | abbreviated format | 29-08-2014 | 2014-55000586 |
Subsidies and aid
Flemish government
2022 · 1 entry · €186 awarded · €186 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.