BITSOFDATA
InactiveInactive; last annual accounts for fiscal year 2022.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 03-07-2023, 28 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2022
28 d early
2021
1 d late
2020
6 d late
2019
18 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, abbreviated schema
Turnover
€449k▲ 74.9%
2020 · €257k
2019: €395k
2020: €257k▼ -35.1% vs 2019lowest value
2022: €449khighest value
2019 → 2022
EBIT margin
4.0%▼ 25.3pp
2020 · 29.3%
2019: 4.9%
2020: 29.3%▲ +495% vs 2019highest value
2022: 4.0%lowest value
2019 → 2022
Net result
€16k▼ 62.7%
2021 · €43k
2019: €11klowest in 4 years
2020: €52k▲ +368% vs 2019highest in 4 years
2021: €43k▼ -17.7% vs 2020
2022: €16k▼ -62.7% vs 2021
2019 → 2022
Working capital
€26k▲ 99.1%
2021 · €13k
2019: €72k
2020: €125k▲ +73.5% vs 2019highest in 4 years
2021: €13k▼ -89.4% vs 2020lowest in 4 years
2022: €26k▲ +99.1% vs 2021
2019 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212022Trend
Turnover€395k-€257k▼ 35.1%€449k
2019: €395k
2020: €257k▼ -35.1% vs 2019lowest value
2022: €449khighest value
Equity€73k-€125k▲ 71.5%€169k▲ 34.3%€185k▲ 9.5%
2019: €73klowest in 4 years
2020: €125k▲ +71.5% vs 2019
2021: €169k▲ +34.3% vs 2020
2022: €185k▲ +9.5% vs 2021highest in 4 years
Operating result€19k-€75k▲ 286%€57k▼ 24.2%€18k▼ 68.2%
2019: €19k
2020: €75k▲ +286% vs 2019highest in 4 years
2021: €57k▼ -24.2% vs 2020
2022: €18k▼ -68.2% vs 2021lowest in 4 years
Net result€11k-€52k▲ 368%€43k▼ 17.7%€16k▼ 62.7%
2019: €11klowest in 4 years
2020: €52k▲ +368% vs 2019highest in 4 years
2021: €43k▼ -17.7% vs 2020
2022: €16k▼ -62.7% vs 2021
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2022 is 68% below 2021 and is the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €442k
Fixed assets
€158k ▲ 1.9%
Current assets
€284k ▲ 37.7%
Equity and liabilities €442k
Equity
€185k ▲ 9.5%
Debt
€258k ▲ 33.5%
Debt's share of the balance-sheet total rises from 53.4% to 58.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€19k▼
2021 · €58k
Cash flow
€17k▼
2021 · €44k
Current ratio
1.10▲
2021 · 1.07
Debt to equity
1.39▲
2021 · 1.14
ROE
8.7%▼
2021 · 25.6%
ROA
3.6%▼
2021 · 11.9%
Interest coverage
43.66▲
2021 · 27.29
Debt ≤ 1 year
€258k▲
2021 · €193k
Income taxes
€5k▼
2021 · €15k
Staff costs
€442▼
2021 · €42k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 48 lines
Balance sheet
Code20212022
Assets
Total assets20/58€361k€442k▲
Fixed assets21/28€155k€158k▲
Tangible fixed assets22/27€3k€2k▼
Plant, machinery and equipment23€3k€2k▼
Financial fixed assets28€153k€156k▲
Current assets29/58€206k€284k▲
Amounts receivable within one year40/41€93k€234k▲
Trade receivables40€91k€201k▲
Other amounts receivable41€2k€33k▲
Cash at bank and in hand54/58€113k€50k▼
Deferred charges and accrued income490/1€295-
Equity and liabilities
Total equity and liabilities10/49€361k€442k▲
Equity10/15€169k€185k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€107k€123k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€100k€116k▲
Profit (loss) carried forward14€41€115▲
Amounts payable17/49€193k€258k▲
Amounts payable within one year42/48€193k€258k▲
Trade debts44€97k€258k▲
Suppliers440/4€97k€258k▲
Taxes, remuneration and social security45€21k-
Taxes450/3€21k-
Other amounts payable47/48€75k-
Income statement
Code20212022
Turnover70-€449k
Goods, raw materials, services and sundry goods60/61-€437k
Remuneration, social security and pensions62€42k€442▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€841€867▲
Other operating charges640/8€2k€840▼
Gross operating margin9900€102k€20k▼
Operating profit (loss)9901€57k€18k▼
Financial income75/76B€3k€4k▲
Recurring financial income75€3k€4k▲
Financial charges65/66B€2k€436▼
Recurring financial charges65€2k€436▼
Profit (loss) for the period before taxes9903€58k€22k▼
Income taxes67/77€15k€5k▼
Profit (loss) for the period9904€43k€16k▼
Profit (loss) for the period to be appropriated9905€43k€16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€43k€16k▼
Profit (loss) brought forward from the previous period14P€279€41▼
Transfer to equity691/2€43k€16k▼
To other reserves6921€43k€16k▼
Social balance
Average headcount (FTE)90870.7-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Turnover70 | €395k | €257k | - | €449k | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €437k | - |
| Remuneration, social security and pensions62 | - | - | €42k | €442 | ▼ 99.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €572 | €841 | €867 | ▲ 3.0% |
| Other operating charges640/8 | - | - | €2k | €840 | ▼ 45.9% |
| Gross operating margin9900 | €101k | €165k | €102k | €20k | ▼ 80.0% |
| Operating profit (loss)9901 | €19k | €75k | €57k | €18k | ▼ 68.2% |
| Financial income75/76B | - | - | €3k | €4k | ▲ 34.0% |
| Recurring financial income75 | €88 | €140 | €3k | €4k | ▲ 34.0% |
| Financial charges65/66B | - | - | €2k | €436 | ▼ 79.5% |
| Recurring financial charges65 | €2k | €3k | €2k | €436 | ▼ 79.5% |
| Profit (loss) for the period before taxes9903 | €18k | €73k | €58k | €22k | ▼ 62.7% |
| Income taxes67/77 | €7k | €20k | €15k | €5k | ▼ 62.9% |
| Profit (loss) for the period9904 | €11k | €52k | €43k | €16k | ▼ 62.7% |
| Profit (loss) for the period to be appropriated9905 | €11k | €52k | €43k | €16k | ▼ 62.7% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €157k | €237k | €361k | €442k | ▲ 22.3% |
| Fixed assets21/28 | €1k | €647 | €155k | €158k | ▲ 1.9% |
| Tangible fixed assets22/27 | €1k | €647 | €3k | €2k | ▼ 32.8% |
| Plant, machinery and equipment23 | - | - | €3k | €2k | ▼ 32.8% |
| Financial fixed assets28 | - | - | €153k | €156k | ▲ 2.5% |
| Current assets29/58 | €156k | €237k | €206k | €284k | ▲ 37.7% |
| Amounts receivable within one year40/41 | €143k | €225k | €93k | €234k | ▲ 151% |
| Trade receivables40 | - | - | €91k | €201k | ▲ 121% |
| Other amounts receivable41 | - | - | €2k | €33k | ▲ 1,404% |
| Cash at bank and in hand54/58 | €12k | €10k | €113k | €50k | ▼ 55.9% |
| Deferred charges and accrued income490/1 | - | - | €295 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €157k | €237k | €361k | €442k | ▲ 22.3% |
| Equity10/15 | €73k | €125k | €169k | €185k | ▲ 9.5% |
| Contributions10/11 | €62k | €62k | €62k | €62k | = |
| Capital10 | - | - | €62k | €62k | = |
| Issued capital100 | - | - | €62k | €62k | = |
| Reserves13 | €6k | €63k | €107k | €123k | ▲ 15.0% |
| Non-distributable reserves130/1 | - | - | €6k | €6k | = |
| Legal reserve130 | - | - | €6k | €6k | = |
| Distributable reserves133 | - | - | €100k | €116k | ▲ 16.0% |
| Profit (loss) carried forward14 | €5k | €279 | €41 | €115 | ▲ 177% |
| Amounts payable17/49 | €84k | €112k | €193k | €258k | ▲ 33.5% |
| Amounts payable within one year42/48 | €84k | €112k | €193k | €258k | ▲ 33.5% |
| Trade debts44 | €67k | €72k | €97k | €258k | ▲ 166% |
| Suppliers440/4 | - | - | €97k | €258k | ▲ 166% |
| Taxes, remuneration and social security45 | - | - | €21k | - | - |
| Taxes450/3 | - | - | €21k | - | - |
| Other amounts payable47/48 | - | - | €75k | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €52k | €43k | €16k | ▼ 62.7% |
| + Depreciation and write-downs630 | €2k | €572 | €841 | €867 | ▲ 3.0% |
| Operating cash flow (approximation) | €13k | €53k | €44k | €17k | ▼ 61.4% |
| Investment in fixed assets (approximation) | - | €0 | €-155k | €-4k | ▲ 97.5% |
| Change in cash | - | €-1k | €102k | €-63k | ▼ 161% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2023
09-08
State Gazette act
General meeting · Merger
Capital increase · Capital
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
12-05
State Gazette act
Merger · Capital
Corporate purpose · Accounting effect
2022
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 1 day late
2021
31-12
Financial
Equity above €150kEq €169k ▲34.3%
3 profitable years in a row build equity to €169k.
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 6 days late
2020
31-12
Financial
Highest result since 2019net €52k ▲368%
Operating result €75k, net result €52k, both a record.
31-12
Financial
Equity above €100kEq €125k ▲71.5%
2 profitable years in a row build equity to €125k.
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Structure & network
Acquisitions and mergers
1 transactionTaken over by:GEO SOLUTIONS