BRUPAINT
Bankruptcy closedFinancials · financial year 2022, abbreviated format
2022 annual accounts filed 30 days after the deadline Filed on 30 August 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00402734.
Annual accounts 2022 filed on 30-08-2023 PDF all 40 filings
Turnover
≈ €280,000
Estimated: probably between €170,000 and €530,000
Total assets
€238,805▼ 22.7%
2021 · €309,121
Net result
-€22,253▲ 39.2%
2021 · -€36,624
Working capital
€39,542▼ 32.4%
2021 · €58,516
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result for 2022 is a loss of €19,748, smaller than the loss of €33,771 in 2021.
Operating result-€19,748
2022
Net result-€22,253
2022
Total assets€238,805
2022
Equity-€32,341
2022
Debt€271,146
2022
Working capital€39,542
2022
Staff (FTE)2.8
2022
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result-€102,609--€36,317▲ 64.6%€95,828-€33,771-€19,748▲ 41.5%
Net result-€104,511--€44,523▲ 57.4%€86,981-€36,624-€22,253▲ 39.2%
Equity-€15,923--€60,445▼ 280%€26,536-€10,088-€32,341▼ 221%
Total assets€421,274-€496,431▲ 17.8%€375,520▼ 24.4%€309,121▼ 17.7%€238,805▼ 22.7%
Debt€437,197-€556,876▲ 27.4%€348,984▼ 37.3%€319,210▼ 8.5%€271,146▼ 15.1%
Working capital-€22,268-€30,715€123,950▲ 304%€58,516▼ 52.8%€39,542▼ 32.4%
Staff (FTE)8.3-9.2▲ 10.8%7.4▼ 19.6%4.2▼ 43.2%2.8▼ 33.3%
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €238,805
Fixed assets
€4,158 ▼ 44.1%
Current assets
€234,647 ▼ 22.2%
Equity and liabilities
Equity-€32,341
Debt€271,146
Equity is negative. Debt (€271,146) exceeds the balance-sheet total (€238,805).
Key figures and ratios
EBITDA
-€16,463▲
2021 · -€29,843
Cash flow
-€18,967▲
2021 · -€32,697
Solvency
-13.5%▼
2021 · -3.3%
Current ratio
1.20▼
2021 · 1.24
Quick ratio
1.14▼
2021 · 1.19
ROA
-9.3%▲
2021 · -11.8%
Interest coverage
-6.86▲
2021 · -11.41
Debt ≤ 1 year
€195,106▼
2021 · €243,162
Debt > 1 year
€76,000=
2021 · €76,000
Income taxes
€166▼
2021 · €250
Staff costs
€125,780▼
2021 · €151,058
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.
Staff
| Item | 31-12-2021 | 31-12-2022 |
|---|---|---|
| Employees at the balance-sheet date | 3 | 3 |
| full-time | 2 | 2 |
| part-time | 1 | 1 |
| in full-time equivalents | 2.8 | 2.8 |
| Average over the year, in full-time equivalents | 4.2 | 2.8 |
| On a permanent contract | 3 | 3 |
| Joined | 0 | 1 |
| Left | 2 | 1 |
Source: social balance sheet in the 2021 to 2022 annual accounts
Investments
| Item | 2021 | 2022 |
|---|---|---|
| Tangible fixed assets | €3,529 | - |
| Depreciation and write-downs of the year | €3,927 | €3,285 |
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 | - | - | - | €151,058 | €125,780 | ▼ 16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,211 | €5,231 | €3,303 | €3,927 | €3,285 | ▼ 16.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €5,332 | - | - |
| Other operating charges640/8 | - | - | - | €3,009 | €2,312 | ▼ 23.2% |
| Non-recurring operating charges66A | - | - | - | €9,065 | - | - |
| Gross operating margin9900 | €369,863 | €348,811 | €352,695 | €138,621 | €111,629 | ▼ 19.5% |
| Operating profit (loss)9901 | -€102,609 | -€36,317 | €95,828 | -€33,771 | -€19,748 | ▲ 41.5% |
| Financial income75/76B | - | - | - | €13 | €60 | ▲ 373% |
| Recurring financial income75 | €115 | €28 | €729 | €13 | €60 | ▲ 373% |
| Financial charges65/66B | - | - | - | €2,616 | €2,398 | ▼ 8.3% |
| Recurring financial charges65 | €1,799 | €8,043 | €9,268 | €2,616 | €2,398 | ▼ 8.3% |
| Profit (loss) for the period before taxes9903 | -€104,293 | -€44,332 | €87,290 | -€36,374 | -€22,086 | ▲ 39.3% |
| Income taxes67/77 | €218 | €190 | €309 | €250 | €166 | ▼ 33.6% |
| Profit (loss) for the period9904 | -€104,511 | -€44,523 | €86,981 | -€36,624 | -€22,253 | ▲ 39.2% |
| Profit (loss) for the period to be appropriated9905 | -€104,511 | -€44,523 | €86,981 | -€36,624 | -€22,253 | ▲ 39.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €421,274 | €496,431 | €375,520 | €309,121 | €238,805 | ▼ 22.7% |
| Fixed assets21/28 | €10,852 | €9,771 | €7,841 | €7,443 | €4,158 | ▼ 44.1% |
| Tangible fixed assets22/27 | €10,852 | €9,771 | €7,841 | €7,443 | €4,158 | ▼ 44.1% |
| Plant, machinery and equipment23 | - | - | - | €2,244 | €1,239 | ▼ 44.8% |
| Furniture and vehicles24 | - | - | - | €5,199 | €2,918 | ▼ 43.9% |
| Current assets29/58 | €410,422 | €486,659 | €367,679 | €301,678 | €234,647 | ▼ 22.2% |
| Stocks and contracts in progress3 | €24,360 | €22,169 | €17,851 | €12,519 | €12,857 | ▲ 2.7% |
| Stocks30/36 | - | - | - | €12,519 | €12,857 | ▲ 2.7% |
| Amounts receivable within one year40/41 | €315,792 | €437,000 | €312,756 | €260,717 | €200,405 | ▼ 23.1% |
| Trade receivables40 | - | - | - | €251,233 | €180,470 | ▼ 28.2% |
| Other amounts receivable41 | - | - | - | €9,484 | €19,935 | ▲ 110% |
| Cash at bank and in hand54/58 | €30,563 | €20,755 | €32,750 | €20,500 | €19,205 | ▼ 6.3% |
| Deferred charges and accrued income490/1 | - | - | - | €7,942 | €2,180 | ▼ 72.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €421,274 | €496,431 | €375,520 | €309,121 | €238,805 | ▼ 22.7% |
| Equity10/15 | -€15,923 | -€60,445 | €26,536 | -€10,088 | -€32,341 | ▼ 221% |
| Contributions10/11 | €22,592 | €22,592 | - | €22,592 | €22,592 | = |
| Reserves13 | €3,859 | €3,859 | €3,944 | €3,944 | €3,944 | = |
| Non-distributable reserves130/1 | - | - | - | €3,859 | €3,859 | = |
| Reserves not available under the articles1311 | - | - | - | €3,859 | €3,859 | = |
| Distributable reserves133 | - | - | - | €85 | €85 | = |
| Profit (loss) carried forward14 | -€42,374 | -€86,897 | - | -€36,624 | -€58,877 | ▼ 60.8% |
| Amounts payable17/49 | €437,197 | €556,876 | €348,984 | €319,210 | €271,146 | ▼ 15.1% |
| Amounts payable after more than one year17 | - | €100,000 | €84,000 | €76,000 | €76,000 | = |
| Financial debts170/4 | - | - | - | €76,000 | €76,000 | = |
| Amounts payable within one year42/48 | €432,690 | €455,944 | €243,729 | €243,162 | €195,106 | ▼ 19.8% |
| Trade debts44 | €399,335 | €427,421 | €220,300 | €234,757 | €190,021 | ▼ 19.1% |
| Suppliers440/4 | - | - | - | €234,757 | €190,021 | ▼ 19.1% |
| Taxes, remuneration and social security45 | - | - | - | €5,317 | €5,084 | ▼ 4.4% |
| Taxes450/3 | - | - | - | €576 | €767 | ▲ 33.2% |
| Remuneration and social security454/9 | - | - | - | €4,741 | €4,317 | ▼ 9.0% |
| Other amounts payable47/48 | - | - | - | €3,088 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €47 | €40 | ▼ 15.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€104,511 | -€44,523 | €86,981 | -€36,624 | -€22,253 | ▲ 39.2% |
| + Depreciation and write-downs630 | €13,211 | €5,231 | €3,303 | €3,927 | €3,285 | ▼ 16.3% |
| Operating cash flow (approximation) | -€91,300 | -€39,292 | €90,284 | -€32,697 | -€18,967 | ▲ 42.0% |
| Investment in fixed assets (approximation) | - | -€4,150 | -€1,373 | -€3,529 | €0 | - |
| Change in cash | - | -€9,808 | €11,995 | -€12,249 | -€1,295 | ▲ 89.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 40 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2022 | abbreviated format | 30-08-2023 | 2023-00402734 | |
| 31-12-2021 | abbreviated format | 31-08-2022 | 2022-20405613 | |
| 31-12-2020 | abbreviated format | 27-08-2021 | 2021-56900002 | |
| 31-12-2019 | abbreviated format | 06-11-2020 | 2020-70000549 | |
| 31-12-2018 | micro format | 31-07-2019 | 2019-42400449 | |
| 31-12-2017 | micro format | 31-07-2018 | 2018-41900151 | |
| 31-12-2016 | micro format | 30-08-2017 | 2017-55500295 | |
| 31-12-2015 | abbreviated format | 30-08-2016 | 2016-53100016 | |
| 31-12-2014 | abbreviated format | 28-08-2015 | 2015-51500157 | |
| 31-12-2013 | abbreviated format | 29-08-2014 | 2014-55200055 |