BENDS SERVICES
Open bankruptcyFinancials · financial year 2022, micro format
2022 annual accounts filed 16 days after the deadline Filed on 16 August 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00332962.
Annual accounts 2022 filed on 16-08-2023 PDF all 6 filings
Equity
-€1,828
2021 · €2,063
Total assets
€5,208▼ 61.3%
2021 · €13,466
Net result
-€3,891
2021 · €214
Working capital
-€5,161▼ 110%
2021 · -€2,461
Multi-year overview
2018 to 2022, 5 financial yearsOperating result
-€3,785
2022
20182022
Net result
-€3,891
2022
20182022
Equity
-€1,828
2022
20182022
Total assets
€5,208
▼ 61.3%
2022
20182022
Debt
€7,036
▼ 38.3%
2022
20182022
Working capital
-€5,161
▼ 110%
2022
20182022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result€905-€1,073▲ 18.5%-€5,069€377-€3,785
Net result€1,425-€741▼ 48.0%-€5,127€214-€3,891
Equity€6,235-€6,976▲ 11.9%€1,849▼ 73.5%€2,063▲ 11.6%-€1,828
Total assets€17,249-€16,700▼ 3.2%€14,091▼ 15.6%€13,466▼ 4.4%€5,208▼ 61.3%
Debt€11,014-€9,724▼ 11.7%€12,242▲ 25.9%€11,403▼ 6.9%€7,036▼ 38.3%
Working capital€5,335-€6,976▲ 30.8%-€1,476-€2,461▼ 66.7%-€5,161▼ 110%
The operating result for 2022 is a loss of €3,785, after a profit of €377 in 2021.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €5,208
Fixed assets
€3,333 ▼ 26.3%
Current assets
€1,875 ▼ 79.0%
Equity and liabilities
Equity-€1,828
Debt€7,036
Equity is negative. Debt (€7,036) exceeds the balance-sheet total (€5,208).
Key figures and ratios
EBITDA
-€2,593▼
2021 · €1,328
Cash flow
-€2,700▼
2021 · €1,165
Solvency
-35.1%▼
2021 · 15.3%
Current ratio
0.27▼
2021 · 0.78
ROA
-74.7%▼
2021 · 1.6%
Interest coverage
-24.41▼
2021 · 8.15
Debt ≤ 1 year
€7,036▼
2021 · €11,403
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.
Investments
| Item | 2021 | 2022 |
|---|---|---|
| Tangible fixed assets | €1,800 | - |
| Financial fixed assets | €350 | - |
| Depreciation and write-downs of the year | €951 | €1,191 |
Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €1,489 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €831 | €951 | €1,191 | ▲ 25.2% |
| Other operating charges640/8 | - | - | - | €183 | €513 | ▲ 180% |
| Gross operating margin9900 | €905 | €1,073 | -€4,113 | €3,000 | -€2,080 | - |
| Operating profit (loss)9901 | €905 | €1,073 | -€5,069 | €377 | -€3,785 | - |
| Financial charges65/66B | - | - | - | €163 | €106 | ▼ 34.8% |
| Recurring financial charges65 | €44 | €41 | €57 | €163 | €106 | ▼ 34.8% |
| Profit (loss) for the period before taxes9903 | €1,425 | €1,031 | -€5,127 | €214 | -€3,891 | - |
| Income taxes67/77 | - | €291 | - | - | - | - |
| Profit (loss) for the period9904 | €1,425 | €741 | -€5,127 | €214 | -€3,891 | - |
| Profit (loss) for the period to be appropriated9905 | €1,425 | €741 | -€5,127 | €214 | -€3,891 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17,249 | €16,700 | €14,091 | €13,466 | €5,208 | ▼ 61.3% |
| Fixed assets21/28 | €900 | - | €3,326 | €4,524 | €3,333 | ▼ 26.3% |
| Tangible fixed assets22/27 | - | - | €3,326 | €4,174 | €2,983 | ▼ 28.5% |
| Plant, machinery and equipment23 | - | - | - | €2,494 | €1,663 | ▼ 33.3% |
| Furniture and vehicles24 | - | - | - | €1,680 | €1,320 | ▼ 21.4% |
| Financial fixed assets28 | €900 | - | - | €350 | €350 | = |
| Current assets29/58 | €16,349 | €16,700 | €10,766 | €8,942 | €1,875 | ▼ 79.0% |
| Stocks and contracts in progress3 | - | €6,700 | €1,800 | - | - | - |
| Amounts receivable within one year40/41 | €944 | €525 | €6,563 | €6,125 | €238 | ▼ 96.1% |
| Trade receivables40 | - | - | - | €6,000 | - | - |
| Other amounts receivable41 | - | - | - | €125 | €238 | ▲ 90.3% |
| Cash at bank and in hand54/58 | €15,027 | €8,918 | €1,846 | €2,625 | €1,513 | ▼ 42.4% |
| Deferred charges and accrued income490/1 | - | - | - | €192 | €124 | ▼ 35.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17,249 | €16,700 | €14,091 | €13,466 | €5,208 | ▼ 61.3% |
| Equity10/15 | €6,235 | €6,976 | €1,849 | €2,063 | -€1,828 | - |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | = |
| Contributions outside capital11 | - | - | - | €18,600 | €18,600 | = |
| Other1109/19 | - | - | - | €18,600 | €18,600 | = |
| Reserves13 | - | €37 | €37 | €37 | €37 | = |
| Non-distributable reserves130/1 | - | - | - | €37 | €37 | = |
| Reserves not available under the articles1311 | - | - | - | €37 | €37 | = |
| Profit (loss) carried forward14 | -€12,365 | -€11,661 | -€16,788 | -€16,574 | -€20,465 | ▼ 23.5% |
| Amounts payable17/49 | €11,014 | €9,724 | €12,242 | €11,403 | €7,036 | ▼ 38.3% |
| Amounts payable within one year42/48 | €11,014 | €9,724 | €12,242 | €11,403 | €7,036 | ▼ 38.3% |
| Trade debts44 | €232 | - | €330 | €151 | €657 | ▲ 334% |
| Suppliers440/4 | - | - | - | €151 | €657 | ▲ 334% |
| Taxes, remuneration and social security45 | - | - | - | €24 | €481 | ▲ 20× |
| Taxes450/3 | - | - | - | €24 | €481 | ▲ 20× |
| Other amounts payable47/48 | - | - | - | €11,228 | €5,898 | ▼ 47.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,425 | €741 | -€5,127 | €214 | -€3,891 | - |
| + Depreciation and write-downs630 | - | - | €831 | €951 | €1,191 | ▲ 25.2% |
| Operating cash flow (approximation) | €1,425 | €741 | -€4,295 | €1,165 | -€2,700 | - |
| Investment in fixed assets (approximation) | - | - | - | -€2,150 | €0 | - |
| Change in cash | - | -€6,109 | -€7,072 | €779 | -€1,112 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2022 | micro format | 16-08-2023 | 2023-00332962 | |
| 31-12-2021 | micro format | 22-08-2022 | 2022-20307939 | |
| 31-12-2020 | micro format | 28-07-2021 | 2021-42100165 | |
| 31-12-2019 | micro format | 22-07-2020 | 2020-32800090 | |
| 31-12-2018 | micro format | 19-07-2019 | 2019-34800359 | |
| 31-12-2017 | micro format | 23-07-2018 | 2018-36300020 |