BELGOMEDIA
InactiveFinancials · financial year 2021, full format
Turnover
€4.6m▼ 53.4%
2020 · €9.8m
EBIT margin
4.4%▼ 2.8pp
2020 · 7.2%
Net result
-€470,335
2020 · €702,512
Working capital
€5.4m▲ 27.9%
2020 · €4.2m
Trend over the years
2018 to 2021, 4 financial years 2018 to 2021, 4 financial years
The operating result has fallen three years in a row; 2021 is 72% below 2020 and is 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.
Turnover€4.6m
2021
Operating result€0.2m
2021
Net result-€0.5m
2021
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€7.0m
2021
Equity€3.6m
2021
Debt€3.2m
2021
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€5.4m
2021
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin4.4%
2021
Average staff in full-time equivalents (FTE).
Staff (FTE)35.4
2021
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Turnover€10.6m-€10.2m▼ 4.1%€9.8m▼ 3.7%€4.6m▼ 53.4%
Operating result€0.9m-€0.8m▼ 4.9%€0.7m▼ 16.3%€0.2m▼ 71.7%
Net result€0.9m--€3.5m€0.7m-€0.5m
EBIT margin8.4%-8.3%▼ 0.1pp7.2%▼ 1.1pp4.4%▼ 2.8pp
Equity€6.8m-€3.3m▼ 50.9%€4.0m▲ 21.0%€3.6m▼ 11.6%
Total assets€11.4m-€6.4m▼ 43.8%€7.7m▲ 19.8%€7.0m▼ 8.0%
Debt€4.5m-€3.0m▼ 33.4%€3.1m▲ 3.5%€3.2m▲ 0.8%
Working capital€1.1m-€2.9m▲ 165%€4.2m▲ 42.5%€5.4m▲ 27.9%
Staff (FTE)41.9-38.6▼ 7.9%38▼ 1.6%35.4▼ 6.8%
Why a figure moved sharply
- 2021 Turnover -53% on 2020. This financial year ran 6 months, the previous one 12.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €7.0m
Fixed assets
€378,460 ▼ 80.5%
Current assets
€6.7m ▲ 16.6%
Equity and liabilities €7.0m
Equity
€3.6m ▼ 11.6%
Provisions
€310,252 ▼ 35.5%
Debt
€3.2m ▲ 0.8%
Debt's share of the balance-sheet total rises from 40.9% to 44.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€285,309▼
2020 · €927,381
Cash flow
-€385,070▼
2020 · €922,040
Current ratio
5.17▲
2020 · 3.78
Quick ratio
5.14▲
2020 · 3.74
ROE
-13.2%▼
2020 · 17.4%
ROA
-6.7%▼
2020 · 9.2%
Interest coverage
over 100
2020 · over 100
Debt ≤ 1 year
€1.3m▼
2020 · €1.5m
Income taxes
€61,000▲
2020 · €2,895
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 |
|---|---|---|---|---|---|
| Turnover70 | €10.6m | €10.2m | €9.8m | €4.6m | ▼ 53.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.2m | €0.2m | €0.09m | ▼ 61.2% |
| Operating profit (loss)9901 | €0.9m | €0.8m | €0.7m | €0.2m | ▼ 71.7% |
| Recurring financial income75 | €0.04m | €0.03m | €0.001m | €0.02m | ▲ 16× |
| Recurring financial charges65 | €0.006m | €0.6m | €0.004m | €0.006m | ▲ 59.2% |
| Debt charges650 | €0.004m | €0.004m | €0.002m | €0.001m | ▼ 65.3% |
| Profit (loss) for the period before taxes9903 | €0.9m | -€3.5m | €0.7m | -€0.4m | - |
| Income taxes67/77 | €0.07m | €0.001m | €0.003m | €0.06m | ▲ 21× |
| Profit (loss) for the period9904 | €0.9m | -€3.5m | €0.7m | -€0.5m | - |
| Profit (loss) for the period to be appropriated9905 | €0.9m | -€3.5m | €0.7m | -€0.5m | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €11.4m | €6.4m | €7.7m | €7.0m | ▼ 8.0% |
| Fixed assets21/28 | €5.7m | €1.9m | €1.9m | €0.4m | ▼ 80.5% |
| Intangible fixed assets21 | €0.5m | €0.4m | €0.3m | €0.05m | ▼ 81.4% |
| Tangible fixed assets22/27 | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 17.2% |
| Financial fixed assets28 | €5.1m | €1.4m | €1.5m | €0.2m | ▼ 88.4% |
| Current assets29/58 | €5.6m | €4.4m | €5.7m | €6.7m | ▲ 16.6% |
| Stocks and contracts in progress3 | €0.02m | €0.05m | €0.06m | €0.04m | ▼ 37.3% |
| Amounts receivable within one year40/41 | €5.1m | €3.7m | €4.9m | €4.6m | ▼ 5.5% |
| Cash at bank and in hand54/58 | €0.5m | €0.7m | €0.7m | €2.0m | ▲ 173% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €11.4m | €6.4m | €7.7m | €7.0m | ▼ 8.0% |
| Equity10/15 | €6.8m | €3.3m | €4.0m | €3.6m | ▼ 11.6% |
| Contributions10/11 | €6.0m | €6.0m | €6.0m | €6.0m | = |
| Reserves13 | €0.8m | €0.6m | €0.6m | €0.6m | = |
| Profit (loss) carried forward14 | €0.05m | -€3.3m | -€2.6m | -€3.0m | ▼ 18.3% |
| Provisions and deferred taxes16 | €0.02m | €0.02m | €0.5m | €0.3m | ▼ 35.5% |
| Amounts payable17/49 | €4.5m | €3.0m | €3.1m | €3.2m | ▲ 0.8% |
| Amounts payable within one year42/48 | €4.5m | €1.5m | €1.5m | €1.3m | ▼ 14.8% |
| Trade debts44 | €3.4m | €1.1m | €1.1m | €0.9m | ▼ 23.5% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.9m | -€3.5m | €0.7m | -€0.5m | - |
| + Depreciation and write-downs630 | €0.2m | €0.2m | €0.2m | €0.09m | ▼ 61.2% |
| Operating cash flow (approximation) | €1.1m | -€3.3m | €0.9m | -€0.4m | - |
| Investment in fixed assets (approximation) | - | €3.6m | -€0.2m | €1.5m | - |
| Change in cash | - | €0.2m | €0.05m | €1.3m | ▲ 24× |
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 33 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2021 | full format | 22-12-2021 | 2021-81200579 |
| 31-12-2020 | full format | 30-06-2021 | 2021-28100430 |
| 31-12-2019 | full format | 07-08-2020 | 2020-40200345 |
| 31-12-2018 | full format | 24-07-2019 | 2019-36500257 |
| 31-12-2017 | full format | 12-06-2018 | 2018-17300315 |
| 31-12-2016 | full format | 28-07-2017 | 2017-38200476 |
| 31-12-2015 | full format | 31-08-2016 | 2016-55100190 |
| 31-12-2014 | full format | 24-08-2015 | 2015-46000540 |
| 31-12-2013 | full format | 27-10-2014 | 2014-65900476 |
| 31-12-2012 | full format | 25-06-2013 | 2013-23600120 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.