CABLING STATION DATA
InactiveFrom the official registers: KBO 23 annual accounts at the National Bank publications in the Belgian Official Gazette
Financials · financial year 2023, full format
Latest annual accounts filed
Annual accounts 2023
- Financial year ended
- 31-12-2023
- Filed on
- 28-06-2024
- Format
- full format
- Reference
- 2024-00216188
Turnover
€279,536▼ 46.9%
2019 · €525,981
EBIT margin
-16.8%▼ 21.8pp
2019 · 5.0%
Net result
€72,524
2022 · -€39,943
Working capital
€1.3m▲ 6.2%
2022 · €1.2m
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result for 2023 is a profit of €30,523, after a loss of €51,233 in 2022. It is the highest result since 2019.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Turnover€0.3m
2020
Operating result€0.03m
2023
Net result€0.07m
2023
Assets, equity and debt per financial year.
Total assets€1.5m
2023
Equity€1.4m
2023
Debt€0.1m
2023
Above zero, the company can pay its short-term debts with what it holds in the short term.
Working capital€1.3m
2023
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
EBIT margin-16.8%
2020
Average staff per financial year, in full-time equivalents (FTE).
Staff (FTE)12
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
Line201820192020202120222023
Turnover€6.7m-€0.5m▼ 92.2%€0.3m▼ 46.9%
Operating result€0.5m-€0.03m▼ 94.4%-€0.05m-€0.07m▼ 51.2%-€0.05m▲ 27.9%€0.03m
Net result€0.3m-€0.03m▼ 90.7%€0.02m▼ 37.0%-€0.07m-€0.04m▲ 38.8%€0.07m
EBIT margin7.0%-5.0%▼ 1.9pp-16.8%▼ 21.8pp
Equity€1.3m-€1.4m▲ 2.3%€1.4m▲ 1.4%€1.3m▼ 4.7%€1.3m▼ 3.0%€1.4m▲ 5.7%
Total assets€2.2m-€1.8m▼ 18.3%€1.6m▼ 12.3%€1.4m▼ 8.7%€1.4m▼ 2.3%€1.5m▲ 5.0%
Debt€0.8m-€0.4m▼ 51.1%€0.2m▼ 57.8%€0.1m▼ 39.9%€0.1m▲ 6.7%€0.1m▼ 3.3%
Working capital€1.2m-€1.2m▲ 2.8%€1.3m▲ 4.4%€1.3m▼ 2.8%€1.2m▼ 3.8%€1.3m▲ 6.2%
Staff (FTE)24.7-18.3▼ 25.9%13.8▼ 24.6%13▼ 5.8%13=12▼ 7.7%
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.5m
Fixed assets
€56,757 ▼ 4.7%
Current assets
€1.4m ▲ 5.4%
Equity and liabilities €1.5m
Equity
€1.4m ▲ 5.7%
Debt
€107,834 ▼ 3.3%
Debt's share of the balance-sheet total falls from 8.0% to 7.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€33,327▲
2022 · -€41,446
Cash flow
€75,328▲
2022 · -€30,155
Current ratio
13.01▲
2022 · 11.93
Debt to equity
0.08▼
2022 · 0.09
ROE
5.4%▲
2022 · -3.1%
ROA
5.0%▲
2022 · -2.9%
Interest coverage
10.29▲
2022 · -14.85
Debt ≤ 1 year
€107,764▼
2022 · €111,515
Income taxes
€300▲
2022 · €277
Staff costs
€546,617▲
2022 · €491,550
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | €6.7m | €0.5m | €0.3m | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.4m | €0.5m | €0.5m | ▲ 11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.02m | €0.03m | €0.03m | €0.02m | €0.01m | €0.003m | ▼ 71.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €0.003m | - |
| Other operating charges640/8 | - | - | - | €0.003m | €0.003m | €0.01m | ▲ 228% |
| Non-recurring operating charges66A | - | - | - | €0.001m | €0.001m | €347 | ▼ 52.2% |
| Gross operating margin9900 | - | - | - | €0.4m | €0.5m | €0.6m | ▲ 30.9% |
| Operating profit (loss)9901 | €0.5m | €0.03m | -€0.05m | -€0.07m | -€0.05m | €0.03m | - |
| Financial income75/76B | - | - | - | €0.009m | €0.01m | €0.05m | ▲ 217% |
| Recurring financial income75 | €0.04m | €0.03m | €0.03m | €0.009m | €0.01m | €0.05m | ▲ 217% |
| Financial charges65/66B | - | - | - | €0.003m | €0.003m | €0.003m | ▲ 16.1% |
| Recurring financial charges65 | €0.009m | €0.007m | €0.004m | €0.003m | €0.003m | €0.003m | ▲ 16.1% |
| Debt charges650 | €0.006m | €0.006m | €0.003m | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €0.5m | €0.05m | -€0.02m | -€0.07m | -€0.04m | €0.07m | - |
| Income taxes67/77 | €0.2m | €0.02m | -€0.04m | - | €277 | €300 | ▲ 8.1% |
| Profit (loss) for the period9904 | €0.3m | €0.03m | €0.02m | -€0.07m | -€0.04m | €0.07m | - |
| Profit (loss) for the period to be appropriated9905 | €0.3m | €0.03m | €0.02m | -€0.07m | -€0.04m | €0.07m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €2.2m | €1.8m | €1.6m | €1.4m | €1.4m | €1.5m | ▲ 5.0% |
| Fixed assets21/28 | €0.1m | €0.1m | €0.09m | €0.07m | €0.06m | €0.06m | ▼ 4.7% |
| Tangible fixed assets22/27 | €0.1m | €0.1m | €0.09m | €0.07m | €0.06m | €0.06m | ▼ 4.8% |
| Other tangible fixed assets26 | - | - | - | €0.07m | €0.06m | €0.06m | ▼ 4.8% |
| Financial fixed assets28 | €0.001m | €0.001m | €0.007m | €0.001m | €0.001m | €0.001m | = |
| Current assets29/58 | €2.1m | €1.7m | €1.5m | €1.4m | €1.3m | €1.4m | ▲ 5.4% |
| Stocks and contracts in progress3 | €0.1m | €0.1m | - | - | - | - | - |
| Amounts receivable within one year40/41 | €1.8m | €1.2m | €1.4m | €1.1m | €1.1m | €1.3m | ▲ 15.6% |
| Trade receivables40 | - | - | - | €0.1m | €0.1m | €0.3m | ▲ 100% |
| Other amounts receivable41 | - | - | - | €1.0m | €1.0m | €1.0m | ▲ 3.2% |
| Cash at bank and in hand54/58 | €0.08m | €0.3m | €0.08m | €0.2m | €0.2m | €0.07m | ▼ 58.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.01m | €0.006m | ▼ 54.4% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €2.2m | €1.8m | €1.6m | €1.4m | €1.4m | €1.5m | ▲ 5.0% |
| Equity10/15 | €1.3m | €1.4m | €1.4m | €1.3m | €1.3m | €1.4m | ▲ 5.7% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | = |
| Distributable reserves133 | - | - | - | €1.3m | €1.3m | €1.3m | = |
| Profit (loss) carried forward14 | - | - | - | -€0.07m | -€0.1m | -€0.03m | ▲ 69.0% |
| Amounts payable17/49 | €0.8m | €0.4m | €0.2m | €0.1m | €0.1m | €0.1m | ▼ 3.3% |
| Amounts payable within one year42/48 | €0.8m | €0.4m | €0.2m | €0.09m | €0.1m | €0.1m | ▼ 3.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.009m | €0.009m | €0.009m | ▲ 1.1% |
| Trade debts44 | €0.2m | €0.2m | €0.04m | €0.02m | €0.03m | €0.04m | ▲ 21.9% |
| Suppliers440/4 | - | - | - | €0.02m | €0.03m | €0.04m | ▲ 21.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.06m | €0.07m | €0.06m | ▼ 14.9% |
| Taxes450/3 | - | - | - | - | €277 | €0.001m | ▲ 206% |
| Remuneration and social security454/9 | - | - | - | €0.06m | €0.07m | €0.06m | ▼ 15.7% |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | €2 | €70 | ▲ 30× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €335,927 | €31,158 | €19,643 | -€65,235 | -€39,943 | €72,524 | - |
| + Depreciation and write-downs630 | €18,487 | €27,392 | €27,439 | €18,668 | €9,787 | €2,805 | ▼ 71.3% |
| Operating cash flow (approximation) | €354,414 | €58,550 | €47,082 | -€46,567 | -€30,155 | €75,328 | - |
| Investment in fixed assets (approximation) | - | -€25,180 | -€5,897 | €5,837 | €0 | €0 | - |
| Change in cash | - | €224,028 | -€217,036 | €140,406 | -€51,090 | -€100,992 | ▼ 97.7% |
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 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | full format | 28-06-2024 | 2024-00216188 | |
| 31-12-2022 | full format | 14-06-2024 | 2024-00138849 | |
| 31-12-2021 | full format | 24-05-2023 | 2023-00094557 | |
| 31-12-2020 | full format | 20-10-2021 | 2021-72700360 | |
| 31-12-2019 | full format | 08-02-2021 | 2021-05000421 | |
| 31-12-2018 | full format | 26-09-2019 | 2019-66000168 | |
| 31-12-2017 | full format | 27-07-2018 | 2018-40500189 | |
| 31-12-2016 | full format | 27-09-2017 | 2017-64200188 | |
| 31-12-2015 | full format | 24-08-2016 | 2016-48500044 | |
| 31-12-2014 | full format | 22-07-2015 | 2015-33100491 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.