Buco Import
Open bankruptcyFinancials · financial year 2023, micro format
2023 annual accounts filed 135 days after the deadline Filed on 12 September 2024, deadline 30 April 2024 (7 months after the close on 30 September 2023, Companies Code art. 3:10). Source: NBB, 2024-00461740.
Annual accounts 2023 filed on 12-09-2024 PDF all 15 filings
Turnover
≈ €360,000
Estimated: probably between €180,000 and €840,000
Total assets
€530,232▲ 22.4%
2022 · €433,089
Net result
€51,760▲ 225%
2022 · €15,923
Working capital
€188,092▲ 21.1%
2022 · €155,303
Trend over the years
2019 to 2023, 5 financial years 2019 to 2023, 5 financial years
The operating result for 2023 is 91% higher than in 2022 and the highest since 2019. It is the fourth rise in a row.
Operating result€69,491
2023
Net result€51,760
2023
Total assets€530,232
2023
Equity€123,622
2023
Debt€406,610
2023
Working capital€188,092
2023
Return on assets (ROA)9.8%
2023
Solvency23.3%
2023
Current ratio1.58
2023
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.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Operating result€22,547-€24,006▲ 6.5%€32,086▲ 33.7%€36,328▲ 13.2%€69,491▲ 91.3%
Net result€3,058-€4,459within the sector's middle half▲ 45.8%€15,816within the sector's middle half▲ 255%€15,923within the sector's middle half▲ 0.7%€51,760above the sector's middle half▲ 225%
Equity€15,664-€40,123within the sector's middle half▲ 156%€55,939within the sector's middle half▲ 39.4%€71,862within the sector's middle half▲ 28.5%€123,622within the sector's middle half▲ 72.0%
Total assets€322,192-€349,338within the sector's middle half▲ 8.4%€459,753above the sector's middle half▲ 31.6%€433,089above the sector's middle half▼ 5.8%€530,232above the sector's middle half▲ 22.4%
Debt€306,528-€309,216▲ 0.9%€403,814▲ 30.6%€361,227▼ 10.5%€406,610▲ 12.6%
Working capital-€5,216-€23,297within the sector's middle half€124,500above the sector's middle half▲ 434%€155,303above the sector's middle half▲ 24.7%€188,092above the sector's middle half▲ 21.1%
Solvency4.9%-11.5%within the sector's middle half▲ 6.6pp12.2%within the sector's middle half▲ 0.7pp16.6%within the sector's middle half▲ 4.4pp23.3%within the sector's middle half▲ 6.7pp
Current ratio0.98-1.08within the sector's middle half▲ 0.091.39within the sector's middle half▲ 0.311.59within the sector's middle half▲ 0.211.58within the sector's middle half▼ 0.02
Return on assets (ROA)0.9%-1.3%within the sector's middle half▲ 0.3pp3.4%within the sector's middle half▲ 2.2pp3.7%within the sector's middle half▲ 0.2pp9.8%within the sector's middle half▲ 6.1pp
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
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
2023 in colour, 2022 as the grey bar beneath
Assets €530,232
Fixed assets
€15,779 ▼ 3.7%
Current assets
€514,453 ▲ 23.5%
Equity and liabilities €530,232
Equity
€123,622 ▲ 72.0%
Debt
€406,610 ▲ 12.6%
Debt's share of the balance-sheet total falls from 83.4% to 76.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€74,181▲
2022 · €40,289
Cash flow
€56,449▲
2022 · €19,884
Quick ratio
0.95▲
2022 · 0.67
Debt to equity
3.29▼
2022 · 5.03
ROE
41.9%▲
2022 · 22.2%
Interest coverage
3.76▲
2022 · 1.79
Debt ≤ 1 year
€326,360▲
2022 · €261,408
Debt > 1 year
€80,250▼
2022 · €99,219
Income taxes
€772▲
2022 · €448
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2022 | 30-09-2023 |
|---|---|---|
| Tangible fixed assets | €6,018 | €4,091 |
| Depreciation and write-downs of the year | €3,961 | €4,690 |
Source: notes to the 2022 to 2023 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 · 1 entry · €7,000 awarded · €7,000 paidAnnual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €1,416 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,307 | €4,054 | €3,104 | €3,961 | €4,690 | ▲ 18.4% |
| Other operating charges640/8 | - | - | - | €1,682 | €2,338 | ▲ 39.0% |
| Non-recurring operating charges66A | - | - | - | - | €472 | - |
| Gross operating margin9900 | €29,767 | €28,811 | €37,656 | €41,971 | €76,990 | ▲ 83.4% |
| Operating profit (loss)9901 | €22,547 | €24,006 | €32,086 | €36,328 | €69,491 | ▲ 91.3% |
| Financial income75/76B | - | - | - | €2,560 | €2,755 | ▲ 7.6% |
| Recurring financial income75 | €115 | €287 | €2,422 | €2,560 | €2,755 | ▲ 7.6% |
| Financial charges65/66B | - | - | - | €22,516 | €19,714 | ▼ 12.4% |
| Recurring financial charges65 | €19,306 | €19,345 | €18,239 | €22,516 | €19,714 | ▼ 12.4% |
| Profit (loss) for the period before taxes9903 | €3,356 | €4,949 | €16,269 | €16,371 | €52,532 | ▲ 221% |
| Income taxes67/77 | €298 | €490 | €453 | €448 | €772 | ▲ 72.4% |
| Profit (loss) for the period9904 | €3,058 | €4,459 | €15,816 | €15,923 | €51,760 | ▲ 225% |
| Profit (loss) for the period to be appropriated9905 | €3,058 | €4,459 | €232,464 | €15,923 | €51,760 | ▲ 225% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €322,192 | €349,338 | €459,753 | €433,089 | €530,232 | ▲ 22.4% |
| Fixed assets21/28 | €21,480 | €17,426 | €14,321 | €16,378 | €15,779 | ▼ 3.7% |
| Tangible fixed assets22/27 | €19,095 | €15,041 | €11,936 | €13,993 | €13,394 | ▼ 4.3% |
| Plant, machinery and equipment23 | - | - | - | €742 | - | - |
| Furniture and vehicles24 | - | - | - | €2,957 | €2,572 | ▼ 13.0% |
| Other tangible fixed assets26 | - | - | - | €10,294 | €10,822 | ▲ 5.1% |
| Financial fixed assets28 | €2,385 | €2,385 | €2,385 | €2,385 | €2,385 | = |
| Current assets29/58 | €300,712 | €331,912 | €445,432 | €416,711 | €514,453 | ▲ 23.5% |
| Amounts receivable after more than one year29 | - | - | - | €14,397 | €6,392 | ▼ 55.6% |
| Other amounts receivable291 | - | - | - | €14,397 | €6,392 | ▼ 55.6% |
| Stocks and contracts in progress3 | €189,260 | €179,344 | €221,876 | €241,101 | €204,165 | ▼ 15.3% |
| Stocks30/36 | - | - | - | €241,101 | €204,165 | ▼ 15.3% |
| Amounts receivable within one year40/41 | €108,810 | €124,636 | €169,201 | €141,122 | €274,649 | ▲ 94.6% |
| Trade receivables40 | - | - | - | €127,128 | €225,753 | ▲ 77.6% |
| Other amounts receivable41 | - | - | - | €13,994 | €48,896 | ▲ 249% |
| Cash at bank and in hand54/58 | €2,641 | €8,733 | €24,010 | €13,691 | €29,247 | ▲ 114% |
| Deferred charges and accrued income490/1 | - | - | - | €6,400 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €322,192 | €349,338 | €459,753 | €433,089 | €530,232 | ▲ 22.4% |
| Equity10/15 | €15,664 | €40,123 | €55,939 | €71,862 | €123,622 | ▲ 72.0% |
| Contributions10/11 | €18,600 | - | - | €38,600 | €38,600 | = |
| Reserves13 | €216,878 | €216,878 | €216,878 | €216,878 | €216,878 | = |
| Non-distributable reserves130/1 | - | - | - | €231 | €231 | = |
| Reserves not available under the articles1311 | - | - | - | €231 | €231 | = |
| Distributable reserves133 | - | - | - | €216,648 | €216,648 | = |
| Profit (loss) carried forward14 | -€219,815 | -€215,356 | -€199,540 | -€183,617 | -€131,857 | ▲ 28.2% |
| Amounts payable17/49 | €306,528 | €309,216 | €403,814 | €361,227 | €406,610 | ▲ 12.6% |
| Amounts payable after more than one year17 | - | - | €82,282 | €99,219 | €80,250 | ▼ 19.1% |
| Financial debts170/4 | - | - | - | €99,219 | €80,250 | ▼ 19.1% |
| Amounts payable within one year42/48 | €305,928 | €308,616 | €320,932 | €261,408 | €326,360 | ▲ 24.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €21,384 | €22,422 | ▲ 4.9% |
| Financial debts43 | - | - | - | €210,000 | €258,000 | ▲ 22.9% |
| Credit institutions430/8 | - | - | - | €210,000 | €258,000 | ▲ 22.9% |
| Trade debts44 | €7,064 | €3,844 | €27,939 | €5,553 | €27,280 | ▲ 391% |
| Suppliers440/4 | - | - | - | €5,553 | €27,280 | ▲ 391% |
| Taxes, remuneration and social security45 | - | - | - | €24,471 | €18,658 | ▼ 23.8% |
| Taxes450/3 | - | - | - | €24,332 | €18,658 | ▼ 23.3% |
| Remuneration and social security454/9 | - | - | - | €140 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €600 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,058 | €4,459 | €15,816 | €15,923 | €51,760 | ▲ 225% |
| + Depreciation and write-downs630 | €6,307 | €4,054 | €3,104 | €3,961 | €4,690 | ▲ 18.4% |
| Operating cash flow (approximation) | €9,366 | €8,513 | €18,920 | €19,884 | €56,449 | ▲ 184% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€6,018 | -€4,091 | ▲ 32.0% |
| Change in cash | - | €6,092 | €15,278 | -€10,319 | €15,555 | - |
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 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2023 | micro format | 12-09-2024 | 2024-00461740 | |
| 30-09-2022 | micro format | 31-03-2023 | 2023-00049886 | |
| 30-09-2021 | micro format | 31-03-2022 | 2022-09300444 | |
| 30-09-2020 | micro format | 15-01-2021 | 2021-00800553 | |
| 30-09-2019 | micro format | 28-04-2020 | 2020-10000117 | |
| 30-09-2018 | micro format | 26-04-2019 | 2019-10900504 | |
| 30-09-2017 | micro format | 27-04-2018 | 2018-10800324 | |
| 30-09-2016 | abbreviated format | 28-04-2017 | 2017-10500338 | |
| 30-09-2015 | abbreviated format | 31-03-2016 | 2016-08800375 | |
| 30-09-2014 | abbreviated format | 31-03-2015 | 2015-07900081 |