BELFIMA
InactiveFinancials · financial year 2022, full format
Annual accounts 2022 filed on 04-04-2023 PDF all 22 filings
Turnover
€156,000▼ 40.7%
2021 · €263,008
EBIT margin
-1.5%▼ 4.0pp
2021 · 2.5%
Net result
€5.3m▼ 17.5%
2021 · €6.4m
Working capital
€44.9m▲ 13.3%
2021 · €39.6m
Multi-year overview
2018 to 2022, 5 financial yearsTurnover
€156,000
▼ 40.7%
2022
20182022
Operating result
-€2,296
2022
20182022
Net result
€5.3m
▼ 17.5%
2022
20182022
EBIT margin
-1.5%
▼ 4.0pp
2022
20182022
Equity
€296.2m
▲ 1.8%
2022
20182022
Total assets
€296.2m
▼ 4.1%
2022
20182022
Debt
€25,726
▼ 99.9%
2022
20182022
Working capital
€44.9m
▲ 13.3%
2022
20182022
Staff (FTE)
0.9
▼ 62.5%
2022
20182022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Turnover€0.4m-€0.3m▼ 27.7%€0.3m▲ 7.1%€0.3m▼ 3.0%€0.2m▼ 40.7%
Operating result€0.07m-€0.009m▼ 86.2%€0.03m▲ 270%€0.007m▼ 80.2%-€0.002m
Net result€2.3m-€0.7m▼ 71.7%€0.4m▼ 43.9%€6.4m▲ 17×€5.3m▼ 17.5%
EBIT margin18.8%-3.6%▼ 15.2pp12.3%▲ 8.8pp2.5%▼ 9.8pp-1.5%▼ 4.0pp
Equity€290.5m-€291.2m▲ 0.2%€290.5m▼ 0.2%€290.9m▲ 0.1%€296.2m▲ 1.8%
Total assets€304.0m-€291.3m▼ 4.2%€291.6m▲ 0.1%€308.9m▲ 5.9%€296.2m▼ 4.1%
Debt€13.4m-€0.1m▼ 99.2%€1.1m▲ 855%€18.0m▲ 17×€0.03m▼ 99.9%
Working capital€51.2m-€51.8m▲ 1.3%€51.2m▼ 1.2%€39.6m▼ 22.5%€44.9m▲ 13.3%
Staff (FTE)4-2.6▼ 35.0%2.4▼ 7.7%2.4=0.9▼ 62.5%
The operating result for 2022 is a loss of €2,296, after a profit of €6,614 in 2021. It is the lowest result since 2018.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €296.2m
Fixed assets
€251.3m =
Current assets
€44.9m ▼ 22.0%
Equity and liabilities €296.2m
Equity
€296.2m ▲ 1.8%
Debt
€25,726 ▼ 99.9%
Debt's share of the balance-sheet total falls from 5.8% to 0.0%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.00▼
2021 · 0.06
ROE
1.8%▼
2021 · 2.2%
ROA
1.8%▼
2021 · 2.1%
Debt ≤ 1 year
€25,726▼
2021 · €18.0m
Income taxes
€85,929▲
2021 · €58,922
Customer credit
174 days▲
2021 · 102 days
Staff costs
€73,119▼
2021 · €172,099
A ratio outside any meaningful range has been withheld (balance sheet total €296.2m, equity €296.2m).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 |
|---|---|---|
| Employees at the balance-sheet date | 3 | - |
| full-time | 1 | - |
| part-time | 2 | - |
| in full-time equivalents | 2.5 | - |
| Average over the year, in full-time equivalents | 2.4 | 0.9 |
| On a permanent contract | 3 | - |
| Joined | - | 0 |
| Left | - | 3 |
Source: social balance sheet in the 2021 to 2022 annual accounts
Investments
| Item | 2021 | 2022 |
|---|---|---|
| Financial fixed assets | €11.9m | - |
Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)
Auditor
| Item | 2021 | 2022 |
|---|---|---|
| Fee for the audit | €6,898 | €8,248 |
Source: notes to the 2021 to 2022 annual accounts (relations with the auditor)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €0.3m | €0.2m | ▼ 40.6% |
| Turnover70 | €0.4m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 40.7% |
| Other operating income74 | - | - | - | €0.002m | €0.001m | ▼ 32.4% |
| Operating charges60/66A | - | - | - | €0.3m | €0.2m | ▼ 38.2% |
| Services and other goods61 | - | - | - | €0.08m | €0.08m | = |
| Remuneration, social security and pensions62 | - | - | - | €0.2m | €0.07m | ▼ 57.5% |
| Other operating charges640/8 | - | - | - | €0.002m | €0.002m | ▲ 9.0% |
| Operating profit (loss)9901 | €0.07m | €0.009m | €0.03m | €0.007m | -€0.002m | - |
| Financial income75/76B | - | - | - | €6.4m | €5.3m | ▼ 16.8% |
| Recurring financial income75 | €3.4m | €0.9m | €0.4m | €6.4m | €5.3m | ▼ 16.8% |
| Income from financial fixed assets750 | - | - | - | €6.2m | €5.0m | ▼ 19.2% |
| Income from current assets751 | - | - | - | €0.2m | €0.3m | ▲ 49.5% |
| Financial charges65/66B | - | - | - | €0.002m | €0.001m | ▼ 50.2% |
| Recurring financial charges65 | €0.09m | €0.002m | €0.001m | €0.002m | €0.001m | ▼ 50.2% |
| Debt charges650 | €0.05m | €8 | - | €19 | €3 | ▼ 85.9% |
| Other financial charges652/9 | - | - | - | €0.002m | €0.001m | ▼ 49.9% |
| Profit (loss) for the period before taxes9903 | €3.3m | €0.9m | €0.4m | €6.4m | €5.3m | ▼ 16.9% |
| Income taxes67/77 | €1.0m | €0.3m | €0.06m | €0.06m | €0.09m | ▲ 45.8% |
| Taxes670/3 | - | - | - | €0.06m | €0.09m | ▲ 45.8% |
| Profit (loss) for the period9904 | €2.3m | €0.7m | €0.4m | €6.4m | €5.3m | ▼ 17.5% |
| Profit (loss) for the period to be appropriated9905 | €2.3m | €0.7m | €0.4m | €6.4m | €5.3m | ▼ 17.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €304.0m | €291.3m | €291.6m | €308.9m | €296.2m | ▼ 4.1% |
| Fixed assets21/28 | €239.4m | €239.4m | €239.4m | €251.3m | €251.3m | = |
| Financial fixed assets28 | €239.4m | €239.4m | €239.4m | €251.3m | €251.3m | = |
| Affiliated companies280/1 | - | - | - | €251.3m | €251.3m | = |
| Participating interests280 | - | - | - | €251.3m | €251.3m | = |
| Other financial fixed assets284/8 | - | - | - | €0.004m | €0.004m | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.004m | €0.004m | = |
| Current assets29/58 | €64.6m | €51.9m | €52.3m | €57.6m | €44.9m | ▼ 22.0% |
| Amounts receivable within one year40/41 | €28.7m | €18.6m | €7.6m | €7.6m | €0.08m | ▼ 99.0% |
| Trade receivables40 | - | - | - | €0.07m | €0.07m | ▲ 0.9% |
| Other amounts receivable41 | - | - | - | €7.5m | €0.001m | ▼ 100.0% |
| Current investments50/53 | €10.5m | €25.0m | €34.0m | €45.5m | €37.0m | ▼ 18.7% |
| Other investments51/53 | - | - | - | €45.5m | €37.0m | ▼ 18.7% |
| Cash at bank and in hand54/58 | €6.8m | €8.3m | €10.7m | €4.5m | €7.8m | ▲ 73.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0.03m | €0.03m | ▲ 1.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €304.0m | €291.3m | €291.6m | €308.9m | €296.2m | ▼ 4.1% |
| Equity10/15 | €290.5m | €291.2m | €290.5m | €290.9m | €296.2m | ▲ 1.8% |
| Contributions10/11 | €284.1m | €284.1m | €284.1m | €284.1m | €284.1m | = |
| Capital10 | - | - | - | €284.1m | €284.1m | = |
| Issued capital100 | - | - | - | €284.1m | €284.1m | = |
| Reserves13 | €6.3m | €6.3m | €6.4m | €6.7m | €6.9m | ▲ 3.9% |
| Non-distributable reserves130/1 | - | - | - | €6.7m | €6.9m | ▲ 3.9% |
| Legal reserve130 | - | - | - | €6.7m | €6.9m | ▲ 3.9% |
| Profit (loss) carried forward14 | €0.06m | €0.7m | €0.03m | €0.08m | €5.1m | ▲ 66× |
| Amounts payable17/49 | €13.4m | €0.1m | €1.1m | €18.0m | €0.03m | ▼ 99.9% |
| Amounts payable within one year42/48 | €13.4m | €0.1m | €1.1m | €18.0m | €0.03m | ▼ 99.9% |
| Trade debts44 | €0.01m | €0.01m | €0.006m | €0.008m | €0.03m | ▲ 222% |
| Suppliers440/4 | - | - | - | €0.008m | €0.03m | ▲ 222% |
| Taxes, remuneration and social security45 | - | - | - | €0.07m | €432 | ▼ 99.4% |
| Taxes450/3 | - | - | - | €0.04m | €432 | ▼ 98.9% |
| Remuneration and social security454/9 | - | - | - | €0.03m | - | - |
| Other amounts payable47/48 | - | - | - | €17.9m | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.3m | €0.7m | €0.4m | €6.4m | €5.3m | ▼ 17.5% |
| Operating cash flow (approximation) | €2.3m | €0.7m | €0.4m | €6.4m | €5.3m | ▼ 17.5% |
| Investment in fixed assets (approximation) | - | -€275 | €0 | -€11.9m | €0 | - |
| Change in cash | - | €1.5m | €2.4m | -€6.1m | €3.3m | - |
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 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2022 | full format | 04-04-2023 | 2023-00055159 | |
| 31-12-2021 | full format | 04-10-2022 | 2022-20456579 | |
| 31-12-2020 | full format | 19-04-2021 | 2021-10700188 | |
| 31-12-2019 | full format | 02-07-2020 | 2020-25500316 | |
| 31-12-2018 | full format | 18-06-2019 | 2019-20200350 | |
| 31-12-2017 | full format | 13-06-2018 | 2018-18300579 | |
| 31-12-2016 | full format | 21-06-2017 | 2017-20300386 | |
| 31-12-2015 | full format | 06-07-2016 | 2016-28500570 | |
| 31-12-2014 | full format | 17-06-2015 | 2015-18400018 | |
| 31-12-2013 | full format | 18-07-2014 | 2014-32400412 |