BEOPEN-IT
InactiveFinancials · financial year 2021, micro format
Annual accounts 2021 filed on 07-06-2022 PDF all 4 filings
Turnover
≈ €540,000
Estimated: probably between €360,000 and €830,000
Total assets
€406,706▲ 120%
2020 · €185,122
Net result
€144,649▲ 296%
2020 · €36,500
Working capital
€246,046▲ 159%
2020 · €94,853
Multi-year overview
2018 to 2021, 4 financial yearsOperating result
€189,367
▲ 287%
2021
20182021
Net result
€144,649
▲ 296%
2021
20182021
Equity
€213,221
▲ 119%
2021
20182021
Total assets
€406,706
▲ 120%
2021
20182021
Debt
€193,486
▲ 121%
2021
20182021
Working capital
€246,046
▲ 159%
2021
20182021
Staff (FTE)
0.8
2021
20182021
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result-€20,356-€19,909€48,979▲ 146%€189,367▲ 287%
Net result-€20,373-€19,875€36,500▲ 83.6%€144,649▲ 296%
Equity€41,127-€61,002▲ 48.3%€97,502▲ 59.8%€213,221▲ 119%
Total assets€62,339-€89,918▲ 44.2%€185,122▲ 106%€406,706▲ 120%
Debt€21,212-€28,916▲ 36.3%€87,620▲ 203%€193,486▲ 121%
Working capital€41,127-€60,356▲ 46.8%€94,853▲ 57.2%€246,046▲ 159%
Staff (FTE)0.8
The operating result for 2021 is nearly 3.9 times that of 2020 and the highest since 2018. It is the third rise in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €406,706
Fixed assets
€5,774 ▲ 118%
Current assets
€400,932 ▲ 120%
Equity and liabilities €406,706
Equity
€213,221 ▲ 119%
Debt
€193,486 ▲ 121%
Debt's share of the balance-sheet total rises from 47.3% to 47.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€190,913▲
2020 · €49,349
Cash flow
€146,194▲
2020 · €36,870
Current ratio
2.59▲
2020 · 2.08
Debt to equity
0.91
ROE
67.8%▲
2020 · 37.4%
ROA
35.6%▲
2020 · 19.7%
Interest coverage
over 100
Debt ≤ 1 year
€154,886▲
2020 · €87,620
Income taxes
€44,194▲
2020 · €12,000
Staff costs
€22,620
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 1 |
| in full-time equivalents | 1 |
| Average over the year, in full-time equivalents | 0.8 |
| On a permanent contract | 1 |
| Joined | 1 |
| Left | 0 |
Source: social balance sheet in the 2021 annual accounts
Investments
| Item | 2021 |
|---|---|
| Tangible fixed assets | €4,412 |
| Financial fixed assets | €259 |
| Depreciation and write-downs of the year | €1,545 |
Source: notes to the 2021 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €22,620 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €323 | €370 | €1,545 | ▲ 318% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€2,975 | - |
| Other operating charges640/8 | - | - | - | €4,869 | - |
| Gross operating margin9900 | -€20,281 | €21,474 | €55,382 | €215,426 | ▲ 289% |
| Operating profit (loss)9901 | -€20,356 | €19,909 | €48,979 | €189,367 | ▲ 287% |
| Financial income75/76B | - | - | - | €8 | - |
| Recurring financial income75 | - | €17 | - | €8 | - |
| Financial charges65/66B | - | - | - | €532 | - |
| Recurring financial charges65 | €16 | €51 | €479 | €532 | ▲ 11.2% |
| Profit (loss) for the period before taxes9903 | -€20,372 | €19,875 | €48,500 | €188,843 | ▲ 289% |
| Income taxes67/77 | €1 | - | €12,000 | €44,194 | ▲ 268% |
| Profit (loss) for the period9904 | -€20,373 | €19,875 | €36,500 | €144,649 | ▲ 296% |
| Profit (loss) for the period to be appropriated9905 | -€20,373 | €19,875 | €36,500 | €144,649 | ▲ 296% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €62,339 | €89,918 | €185,122 | €406,706 | ▲ 120% |
| Fixed assets21/28 | - | €646 | €2,649 | €5,774 | ▲ 118% |
| Tangible fixed assets22/27 | - | €646 | €2,649 | €5,515 | ▲ 108% |
| Plant, machinery and equipment23 | - | - | - | €1,775 | - |
| Furniture and vehicles24 | - | - | - | €3,740 | - |
| Financial fixed assets28 | - | - | - | €259 | - |
| Current assets29/58 | €62,339 | €89,272 | €182,473 | €400,932 | ▲ 120% |
| Amounts receivable within one year40/41 | €36,233 | €70,043 | €136,162 | €272,942 | ▲ 100% |
| Trade receivables40 | - | - | - | €262,571 | - |
| Other amounts receivable41 | - | - | - | €10,372 | - |
| Current investments50/53 | - | - | €46,312 | - | - |
| Cash at bank and in hand54/58 | €26,106 | €19,229 | - | €127,731 | - |
| Deferred charges and accrued income490/1 | - | - | - | €259 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €62,339 | €89,918 | €185,122 | €406,706 | ▲ 120% |
| Equity10/15 | €41,127 | €61,002 | €97,502 | €213,221 | ▲ 119% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | - | - | €61,500 | - |
| Issued capital100 | - | - | - | €61,500 | - |
| Reserves13 | - | - | €1,800 | €6,150 | ▲ 242% |
| Non-distributable reserves130/1 | - | - | - | €6,150 | - |
| Legal reserve130 | - | - | - | €6,150 | - |
| Profit (loss) carried forward14 | -€20,373 | -€498 | €34,202 | €145,571 | ▲ 326% |
| Amounts payable17/49 | €21,212 | €28,916 | €87,620 | €193,486 | ▲ 121% |
| Amounts payable within one year42/48 | €21,212 | €28,916 | €87,620 | €154,886 | ▲ 76.8% |
| Trade debts44 | €21,212 | €28,916 | €76,559 | €89,755 | ▲ 17.2% |
| Suppliers440/4 | - | - | - | €89,755 | - |
| Taxes, remuneration and social security45 | - | - | - | €36,201 | - |
| Taxes450/3 | - | - | - | €32,729 | - |
| Remuneration and social security454/9 | - | - | - | €3,472 | - |
| Other amounts payable47/48 | - | - | - | €28,930 | - |
| Accrued charges and deferred income492/3 | - | - | - | €38,599 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€20,373 | €19,875 | €36,500 | €144,649 | ▲ 296% |
| + Depreciation and write-downs630 | - | €323 | €370 | €1,545 | ▲ 318% |
| Operating cash flow (approximation) | -€20,373 | €20,198 | €36,870 | €146,194 | ▲ 297% |
| Investment in fixed assets (approximation) | - | - | -€2,372 | -€4,671 | ▼ 96.9% |
| Change in cash | - | -€6,877 | - | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.