BMI SERVICES
InactiveFinancials · financial year 2022, micro format
2022 annual accounts filed 153 days after the deadline Filed on 31 December 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2024-00544538.
Annual accounts 2022 filed on 31-12-2023 PDF all 2 filings
Turnover
€72,753▼ 64.2%
2021 · €203,037
EBIT margin
20.6%▲ 17.9pp
2021 · 2.7%
Net result
€14,525▲ 188%
2021 · €5,035
Working capital
€15,530▲ 319%
2021 · €3,710
Multi-year overview
2021 to 2022, 2 financial yearsTurnover
€72,753
▼ 64.2%
2022
20212022
Operating result
€14,968
▲ 175%
2022
20212022
Net result
€14,525
▲ 188%
2022
20212022
EBIT margin
20.6%
▲ 17.9pp
2022
20212022
Equity
€19,561
▲ 288%
2022
20212022
Total assets
€84,037
▼ 7.0%
2022
20212022
Debt
€64,476
▼ 24.4%
2022
20212022
Working capital
€15,530
▲ 319%
2022
20212022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022
Turnover€203,037-€72,753▼ 64.2%
Operating result€5,436-€14,968▲ 175%
Net result€5,035-€14,525▲ 188%
EBIT margin2.7%-20.6%▲ 17.9pp
Equity€5,035-€19,561▲ 288%
Total assets€90,342-€84,037▼ 7.0%
Debt€85,307-€64,476▼ 24.4%
Working capital€3,710-€15,530▲ 319%
The operating result for 2022 is 175% higher than in 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €84,037
Fixed assets
€4,031 ▲ 204%
Current assets
€80,007 ▼ 10.1%
Equity and liabilities €84,037
Equity
€19,561 ▲ 288%
Debt
€64,476 ▼ 24.4%
Debt's share of the balance-sheet total falls from 94.4% to 76.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€17,331▲
2021 · €7,142
Cash flow
€16,888▲
2021 · €6,741
Current ratio
1.24▲
2021 · 1.04
Debt to equity
3.30▼
2021 · 16.94
ROE
74.3%▼
2021 · 100.0%
ROA
17.3%▲
2021 · 5.6%
Interest coverage
39.21▲
2021 · 17.82
Debt ≤ 1 year
€64,476▼
2021 · €85,307
Customer credit
255 days▲
2021 · 160 days
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 | €2,648 | €5,069 |
| Financial fixed assets | €383 | - |
| Depreciation and write-downs of the year | €1,706 | €2,363 |
Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Turnover70 | €203,037 | €72,753 | ▼ 64.2% |
| Goods, raw materials, services and sundry goods60/61 | €196,221 | €70,871 | ▼ 63.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,706 | €2,363 | ▲ 38.5% |
| Other operating charges640/8 | €674 | €844 | ▲ 25.1% |
| Gross operating margin9900 | €7,816 | €18,174 | ▲ 133% |
| Operating profit (loss)9901 | €5,436 | €14,968 | ▲ 175% |
| Financial charges65/66B | €401 | €442 | ▲ 10.3% |
| Recurring financial charges65 | €401 | €442 | ▲ 10.3% |
| Profit (loss) for the period before taxes9903 | €5,035 | €14,525 | ▲ 188% |
| Profit (loss) for the period9904 | €5,035 | €14,525 | ▲ 188% |
| Profit (loss) for the period to be appropriated9905 | €5,035 | €14,525 | ▲ 188% |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €90,342 | €84,037 | ▼ 7.0% |
| Fixed assets21/28 | €1,325 | €4,031 | ▲ 204% |
| Tangible fixed assets22/27 | €942 | €3,648 | ▲ 287% |
| Plant, machinery and equipment23 | €450 | €1,680 | ▲ 273% |
| Furniture and vehicles24 | €492 | €1,968 | ▲ 300% |
| Financial fixed assets28 | €383 | €383 | = |
| Current assets29/58 | €89,017 | €80,007 | ▼ 10.1% |
| Amounts receivable within one year40/41 | €89,015 | €50,809 | ▼ 42.9% |
| Trade receivables40 | €89,015 | €50,809 | ▼ 42.9% |
| Cash at bank and in hand54/58 | €2 | €29,197 | ▲ 13,644× |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €90,342 | €84,037 | ▼ 7.0% |
| Equity10/15 | €5,035 | €19,561 | ▲ 288% |
| Profit (loss) carried forward14 | €5,035 | €19,561 | ▲ 288% |
| Amounts payable17/49 | €85,307 | €64,476 | ▼ 24.4% |
| Amounts payable within one year42/48 | €85,307 | €64,476 | ▼ 24.4% |
| Taxes, remuneration and social security45 | €16,070 | €22,570 | ▲ 40.4% |
| Taxes450/3 | €16,070 | €22,570 | ▲ 40.4% |
| Other amounts payable47/48 | €69,236 | €41,907 | ▼ 39.5% |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €5,035 | €14,525 | ▲ 188% |
| + Depreciation and write-downs630 | €1,706 | €2,363 | ▲ 38.5% |
| Operating cash flow (approximation) | €6,741 | €16,888 | ▲ 151% |
| Investment in fixed assets (approximation) | - | -€5,069 | - |
| Change in cash | - | €29,195 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.