C.S.
Open bankruptcyFinancials · financial year 2023, micro format
2023 annual accounts filed late (31 days) Filed on 31 May 2024, deadline 30 April 2024 (7 months after the close on 30 September 2023, Companies Code art. 3:10). Source: NBB, 2024-00103366.
Equity
€43,823▲ 3.7%
2022 · €42,277
Total assets
€135,437▼ 20.1%
2022 · €169,432
Net result
€1,545
2022 · -€1,838
Working capital
€36,101▲ 9.8%
2022 · €32,887
Trend over the years
2019 to 2023, 5 financial years 2019 to 2023, 5 financial years
The operating result has fallen two years in a row; 2023 is 63% below 2022.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€4,570
2023
Net result€1,545
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€135,437
2023
Equity€43,823
2023
Debt€91,615
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€36,101
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)1.1%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency32.4%
2023
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.39
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)2.2
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Operating result€4,275-€7,163▲ 67.6%€32,654▲ 356%€12,242▼ 62.5%€4,570▼ 62.7%
Net result€375-€5,986within the sector's middle half▲ 1,494%€21,285within the sector's middle half▲ 256%-€1,838within the sector's middle half€1,545within the sector's middle half
Equity€16,845-€22,831within the sector's middle half▲ 35.5%€44,115within the sector's middle half▲ 93.2%€42,277within the sector's middle half▼ 4.2%€43,823within the sector's middle half▲ 3.7%
Total assets€134,568-€91,627within the sector's middle half▼ 31.9%€188,616within the sector's middle half▲ 106%€169,432within the sector's middle half▼ 10.2%€135,437within the sector's middle half▼ 20.1%
Debt€117,723-€68,796▼ 41.6%€144,501▲ 110%€127,155▼ 12.0%€91,615▼ 28.0%
Working capital€10,690-€10,102within the sector's middle half▼ 5.5%€33,056within the sector's middle half▲ 227%€32,887within the sector's middle half▼ 0.5%€36,101within the sector's middle half▲ 9.8%
Solvency12.5%-24.9%within the sector's middle half▲ 12.4pp23.4%within the sector's middle half▼ 1.5pp25.0%within the sector's middle half▲ 1.6pp32.4%within the sector's middle half▲ 7.4pp
Current ratio1.09-1.15within the sector's middle half▲ 0.061.23within the sector's middle half▲ 0.081.26within the sector's middle half▲ 0.031.39within the sector's middle half▲ 0.14
Return on assets (ROA)0.3%-6.5%within the sector's middle half▲ 6.3pp11.3%within the sector's middle half▲ 4.8pp-1.1%within the sector's middle half▼ 12.4pp1.1%within the sector's middle half▲ 2.2pp
Staff (FTE)3.2-3.4above the sector's middle half▲ 6.3%3.6▲ 5.9%2.5▼ 30.6%2.2▼ 12.0%
above
within
below
the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €135,437
Fixed assets
€7,721 ▼ 17.8%
Current assets
€127,716 ▼ 20.2%
Equity and liabilities €135,437
Equity
€43,823 ▲ 3.7%
Debt
€91,615 ▼ 28.0%
Debt's share of the balance-sheet total falls from 75.0% to 67.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€6,240▼
2022 · €13,911
Cash flow
€3,214▲
2022 · -€169
Quick ratio
0.87▲
2022 · 0.86
Debt to equity
2.09▼
2022 · 3.01
ROE
3.5%▲
2022 · -4.3%
Interest coverage
1.65▼
2022 · 2.91
Debt ≤ 1 year
€91,615▼
2022 · €127,155
Staff costs
€11,343▼
2022 · €52,929
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €3,798 | - |
| Remuneration, social security and pensions62 | - | - | €73,450 | €52,929 | €11,343 | ▼ 78.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €103 | €1,772 | €1,669 | €1,669 | €1,669 | = |
| Other operating charges640/8 | - | - | €1,423 | €10,051 | €3,288 | ▼ 67.3% |
| Non-recurring operating charges66A | - | - | - | - | €1,737 | - |
| Gross operating margin9900 | €64,252 | €64,310 | €109,197 | €76,890 | €22,607 | ▼ 70.6% |
| Operating profit (loss)9901 | €4,275 | €7,163 | €32,654 | €12,242 | €4,570 | ▼ 62.7% |
| Financial income75/76B | - | - | €411 | €137 | €753 | ▲ 449% |
| Recurring financial income75 | €203 | €5,009 | €386 | €137 | €282 | ▲ 106% |
| Non-recurring financial income76B | - | - | €25 | - | €471 | - |
| Financial charges65/66B | - | - | €11,780 | €4,774 | €3,778 | ▼ 20.9% |
| Recurring financial charges65 | €7,478 | €5,451 | €11,780 | €4,774 | €3,778 | ▼ 20.9% |
| Profit (loss) for the period before taxes9903 | €1,068 | €6,722 | €21,285 | €7,605 | €1,545 | ▼ 79.7% |
| Income taxes67/77 | €692 | €736 | - | €9,443 | - | - |
| Profit (loss) for the period9904 | €375 | €5,986 | €21,285 | -€1,838 | €1,545 | - |
| Profit (loss) for the period to be appropriated9905 | €375 | €5,986 | €21,285 | -€1,838 | €1,545 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €134,568 | €91,627 | €188,616 | €169,432 | €135,437 | ▼ 20.1% |
| Fixed assets21/28 | €6,155 | €12,728 | €11,059 | €9,390 | €7,721 | ▼ 17.8% |
| Tangible fixed assets22/27 | €103 | €6,676 | €5,007 | €3,338 | €1,669 | ▼ 50.0% |
| Other tangible fixed assets26 | - | - | €5,007 | €3,338 | €1,669 | ▼ 50.0% |
| Financial fixed assets28 | €6,052 | €6,052 | €6,052 | €6,052 | €6,052 | = |
| Current assets29/58 | €128,413 | €78,899 | €177,557 | €160,042 | €127,716 | ▼ 20.2% |
| Stocks and contracts in progress3 | €52,637 | €52,541 | €52,757 | €50,507 | €47,849 | ▼ 5.3% |
| Stocks30/36 | - | - | €52,757 | €50,507 | €47,849 | ▼ 5.3% |
| Amounts receivable within one year40/41 | €69,023 | €11,050 | €110,168 | €74,625 | €56,152 | ▼ 24.8% |
| Trade receivables40 | - | - | €99,055 | €48,785 | €50,702 | ▲ 3.9% |
| Other amounts receivable41 | - | - | €11,113 | €25,840 | €5,450 | ▼ 78.9% |
| Cash at bank and in hand54/58 | €6,549 | €14,933 | €14,632 | €34,811 | €22,984 | ▼ 34.0% |
| Deferred charges and accrued income490/1 | - | - | - | €98 | €732 | ▲ 644% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €134,568 | €91,627 | €188,616 | €169,432 | €135,437 | ▼ 20.1% |
| Equity10/15 | €16,845 | €22,831 | €44,115 | €42,277 | €43,823 | ▲ 3.7% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€3,615 | €2,371 | €23,655 | €21,817 | €23,363 | ▲ 7.1% |
| Amounts payable17/49 | €117,723 | €68,796 | €144,501 | €127,155 | €91,615 | ▼ 28.0% |
| Amounts payable within one year42/48 | €117,723 | €68,796 | €144,501 | €127,155 | €91,615 | ▼ 28.0% |
| Trade debts44 | €87,295 | €46,593 | €102,621 | €92,396 | €86,575 | ▼ 6.3% |
| Suppliers440/4 | - | - | €102,621 | €92,396 | €86,575 | ▼ 6.3% |
| Advances received on contracts in progress46 | - | - | €9,034 | €9,034 | - | - |
| Taxes, remuneration and social security45 | - | - | €19,034 | €25,725 | €5,039 | ▼ 80.4% |
| Taxes450/3 | - | - | €2,130 | €11,708 | €4,735 | ▼ 59.6% |
| Remuneration and social security454/9 | - | - | €16,904 | €14,017 | €304 | ▼ 97.8% |
| Other amounts payable47/48 | - | - | €13,813 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €375 | €5,986 | €21,285 | -€1,838 | €1,545 | - |
| + Depreciation and write-downs630 | €103 | €1,772 | €1,669 | €1,669 | €1,669 | = |
| Operating cash flow (approximation) | €479 | €7,758 | €22,954 | -€169 | €3,214 | - |
| Investment in fixed assets (approximation) | - | -€8,345 | €0 | €0 | €0 | - |
| Change in cash | - | €8,383 | -€300 | €20,179 | -€11,828 | - |
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 24 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2023 | micro format | 31-05-2024 | 2024-00103366 |
| 30-09-2022 | micro format | 02-05-2023 | 2023-00078687 |
| 30-09-2021 | micro format | 21-05-2022 | 2022-20034956 |
| 30-09-2020 | micro format | 10-05-2021 | 2021-13800495 |
| 30-09-2019 | micro format | 08-04-2020 | 2020-09100133 |
| 30-09-2018 | micro format | 16-04-2019 | 2019-10100201 |
| 30-09-2017 | micro format | 03-04-2018 | 2018-09000515 |
| 30-09-2016 | full format | 11-05-2017 | 2017-12500395 |
| 30-09-2015 | full format | 05-04-2016 | 2016-09400233 |
| 30-09-2014 | full format | 31-03-2015 | 2015-08500350 |
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Of the 526 active companies whose main activity is retail trade (NACE 47530), figures are known for 322. 237 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.