BRASSAM
InactiveFinancials · financial year 2023, full format
Turnover
≈ €930,000
Estimated: probably between €560,000 and €1.6m
EBIT margin
Not included in this filing
Net result
-€153,354▼ 68.6%
2022 · -€90,959
Working capital
€1.8m
2022 · -€1.4m
Trend over the years
2019 to 2023, 5 financial years 2019 to 2023, 5 financial years
The operating result stays negative: a loss of €108,291 in 2023 against €63,996 in 2022; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.1m
2023
Net result-€0.2m
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€7.8m
2023
Equity€4.4m
2023
Debt€3.4m
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€1.8m
2023
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Operating result-€0.1m--€0.2m▼ 61.6%-€0.2m▲ 24.6%-€0.06m▲ 57.5%-€0.1m▼ 69.2%
Net result-€0.1m--€0.2m▼ 53.1%-€0.2m▲ 23.5%-€0.09m▲ 44.6%-€0.2m▼ 68.6%
Equity€5.1m-€4.8m▼ 4.2%€4.7m▼ 3.4%€4.6m▼ 1.9%€4.4m▼ 3.3%
Total assets€7.6m-€7.2m▼ 5.7%€6.7m▼ 6.9%€8.1m▲ 20.2%€7.8m▼ 3.2%
Debt€2.6m-€2.4m▼ 8.4%€2.0m▼ 14.0%€3.5m▲ 71.0%€3.4m▼ 3.0%
Working capital-€0.2m--€0.3m▼ 23.6%-€0.3m▼ 13.0%-€1.4m▼ 355%€1.8m
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €7.8m
Fixed assets
€5.7m ▼ 6.0%
Current assets
€2.1m ▲ 5.0%
Equity and liabilities €7.8m
Equity
€4.4m ▼ 3.3%
Debt
€3.4m ▼ 3.0%
Debt's share of the balance-sheet total rises from 43.2% to 43.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€329,392▼
2022 · €368,915
Cash flow
€284,329▼
2022 · €341,953
Current ratio
6.25▲
2022 · 0.59
Debt to equity
0.76▲
2022 · 0.76
ROE
-3.5%▼
2022 · -2.0%
ROA
-2.0%▼
2022 · -1.1%
Interest coverage
2.18▼
2022 · 8.20
Debt ≤ 1 year
€343,284▼
2022 · €3.5m
Debt > 1 year
€3.0m
Income taxes
€17
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €432,134 | €436,778 | €557,153 | €432,911 | €437,683 | ▲ 1.1% |
| Other operating charges640/8 | - | - | - | €59,308 | €62,494 | ▲ 5.4% |
| Gross operating margin9900 | €368,955 | €336,252 | €482,880 | €428,223 | €391,886 | ▼ 8.5% |
| Operating profit (loss)9901 | -€123,518 | -€199,579 | -€150,447 | -€63,996 | -€108,291 | ▼ 69.2% |
| Financial income75/76B | - | - | - | €18,027 | €105,878 | ▲ 487% |
| Recurring financial income75 | €6 | - | €0 | €18,027 | €105,878 | ▲ 487% |
| Financial charges65/66B | - | - | - | €44,989 | €150,924 | ▲ 235% |
| Recurring financial charges65 | €16,851 | €15,299 | €13,875 | €44,989 | €150,924 | ▲ 235% |
| Profit (loss) for the period before taxes9903 | -€140,363 | -€214,878 | -€164,322 | -€90,959 | -€153,337 | ▼ 68.6% |
| Income taxes67/77 | - | - | - | - | €17 | - |
| Profit (loss) for the period9904 | -€140,363 | -€214,878 | -€164,322 | -€90,959 | -€153,354 | ▼ 68.6% |
| Profit (loss) for the period to be appropriated9905 | -€140,363 | -€214,878 | -€164,322 | -€90,959 | -€153,354 | ▼ 68.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.6m | €7.2m | €6.7m | €8.1m | €7.8m | ▼ 3.2% |
| Fixed assets21/28 | €7.5m | €7.1m | €6.6m | €6.0m | €5.7m | ▼ 6.0% |
| Tangible fixed assets22/27 | €7.5m | €7.1m | €6.6m | €6.0m | €5.7m | ▼ 6.0% |
| Land and buildings22 | - | - | - | €6.0m | €5.7m | ▼ 6.0% |
| Current assets29/58 | €0.1m | €0.09m | €0.07m | €2.0m | €2.1m | ▲ 5.0% |
| Amounts receivable after more than one year29 | - | - | - | €1.8m | €2.1m | ▲ 16.8% |
| Other amounts receivable291 | - | - | - | €1.8m | €2.1m | ▲ 16.8% |
| Amounts receivable within one year40/41 | €0.004m | €0.004m | €0.02m | €0.02m | €0.02m | ▲ 58.2% |
| Trade receivables40 | - | - | - | €0.004m | €0.01m | ▲ 250% |
| Other amounts receivable41 | - | - | - | €0.01m | €0.01m | = |
| Cash at bank and in hand54/58 | €0.09m | €0.07m | €0.05m | €0.3m | €0.06m | ▼ 77.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.01m | ▼ 25.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.6m | €7.2m | €6.7m | €8.1m | €7.8m | ▼ 3.2% |
| Equity10/15 | €5.1m | €4.8m | €4.7m | €4.6m | €4.4m | ▼ 3.3% |
| Contributions10/11 | €5.2m | - | €5.2m | €5.2m | €5.2m | = |
| Capital10 | - | - | - | €5.2m | €5.2m | = |
| Issued capital100 | - | - | - | €5.2m | €5.2m | = |
| Revaluation surpluses12 | - | - | - | €1.9m | €1.8m | ▼ 6.3% |
| Reserves13 | €1.6m | €1.5m | €1.6m | €1.7m | €1.8m | ▲ 7.0% |
| Distributable reserves133 | - | - | - | €1.7m | €1.8m | ▲ 7.0% |
| Profit (loss) carried forward14 | -€4.0m | -€4.0m | -€4.1m | -€4.2m | -€4.4m | ▼ 3.6% |
| Amounts payable17/49 | €2.6m | €2.4m | €2.0m | €3.5m | €3.4m | ▼ 3.0% |
| Amounts payable after more than one year17 | €2.3m | €2.0m | €1.7m | - | €3.0m | - |
| Financial debts170/4 | - | - | - | - | €2.8m | - |
| Other amounts payable178/9 | - | - | - | - | €0.2m | - |
| Amounts payable within one year42/48 | €0.3m | €0.4m | €0.4m | €3.5m | €0.3m | ▼ 90.0% |
| Financial debts43 | - | - | - | €3.4m | €0.3m | ▼ 91.2% |
| Credit institutions430/8 | - | - | - | €3.4m | €0.3m | ▼ 91.2% |
| Trade debts44 | €0.01m | €0.05m | €0.01m | €0.03m | €0.03m | ▲ 32.7% |
| Suppliers440/4 | - | - | - | €0.03m | €0.03m | ▲ 32.7% |
| Other amounts payable47/48 | - | - | - | €0.01m | €0.01m | = |
| Accrued charges and deferred income492/3 | - | - | - | €0.04m | €0.06m | ▲ 44.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€140,363 | -€214,878 | -€164,322 | -€90,959 | -€153,354 | ▼ 68.6% |
| + Depreciation and write-downs630 | €432,134 | €436,778 | €557,153 | €432,911 | €437,683 | ▲ 1.1% |
| Operating cash flow (approximation) | €291,771 | €221,900 | €392,831 | €341,953 | €284,329 | ▼ 16.9% |
| Investment in fixed assets (approximation) | - | -€15,044 | -€84,897 | €183,070 | -€77,605 | - |
| Change in cash | - | -€23,642 | -€20,117 | €211,734 | -€200,040 | - |
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 23 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | full format | 01-07-2024 | 2024-00221164 |
| 31-12-2022 | full format | 29-08-2023 | 2023-00426186 |
| 31-12-2021 | full format | 28-03-2022 | 2022-08900361 |
| 30-09-2020 | full format | 22-03-2021 | 2021-08200042 |
| 30-09-2019 | full format | 01-04-2020 | 2020-08500009 |
| 30-09-2018 | full format | 14-03-2019 | 2019-06900453 |
| 30-09-2017 | full format | 14-03-2018 | 2018-06700318 |
| 30-09-2016 | full format | 21-03-2017 | 2017-06700001 |
| 30-09-2015 | full format | 27-04-2016 | 2016-10700318 |
| 30-09-2014 | full format | 30-03-2015 | 2015-07600023 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.