CAKE
Open bankruptcyFinancials · financial year 2023, abbreviated format
2023 annual accounts filed 34 days after the deadline Filed on 3 September 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00438930.
Annual accounts 2023 filed on 03-09-2024 PDF all 4 filings
2020 to 2023, 4 financial years
The operating result for 2023 is a loss of €1.0m, smaller than the loss of €3.3m in 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.
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.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). 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, return on assets (ROA) and staff (FTE).
- 2023 Total assets +52% on 2022. Capital increase of €500,000 (Official Gazette 06-10-2023). Capital increase of €500,000 (Official Gazette 06-10-2023).
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0.01m | €0.001m | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €0.6m | €0.5m | €0.3m | ▼ 31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.02m | €0.009m | €0.007m | €0.006m | ▼ 18.5% |
| Other operating charges640/8 | - | €348 | €0.001m | €0.003m | ▲ 197% |
| Non-recurring operating charges66A | - | €0.002m | €0 | - | - |
| Gross operating margin9900 | -€3.2m | -€4.6m | -€2.8m | -€0.7m | ▲ 75.9% |
| Operating profit (loss)9901 | -€3.5m | -€5.2m | -€3.3m | -€1.0m | ▲ 68.9% |
| Financial income75/76B | - | €33 | €335 | €0.06m | ▲ 174× |
| Recurring financial income75 | €471 | €33 | €335 | €0.06m | ▲ 174× |
| Financial charges65/66B | - | €0.03m | €0.03m | €0.1m | ▲ 208% |
| Recurring financial charges65 | €0.01m | €0.03m | €0.03m | €0.1m | ▲ 208% |
| Profit (loss) for the period before taxes9903 | -€3.6m | -€5.2m | -€3.3m | -€1.1m | ▲ 68.0% |
| Income taxes67/77 | €0.001m | €0.001m | €0.001m | €378 | ▼ 41.7% |
| Profit (loss) for the period9904 | -€3.6m | -€5.2m | -€3.3m | -€1.1m | ▲ 67.9% |
| Profit (loss) for the period to be appropriated9905 | -€3.6m | -€5.2m | -€3.3m | -€1.1m | ▲ 67.9% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.0m | €0.9m | €1.3m | €1.9m | ▲ 52.3% |
| Fixed assets21/28 | €0.02m | €0.01m | €0.009m | €0.007m | ▼ 28.8% |
| Tangible fixed assets22/27 | €0.02m | €0.01m | €0.008m | €0.006m | ▼ 31.4% |
| Furniture and vehicles24 | - | €0.01m | €0.008m | €0.006m | ▼ 31.4% |
| Financial fixed assets28 | - | €0.001m | €0.001m | €0.001m | = |
| Current assets29/58 | €1.0m | €0.8m | €1.3m | €1.9m | ▲ 52.9% |
| Amounts receivable within one year40/41 | €0.3m | €0.5m | €0.2m | €1.8m | ▲ 952% |
| Trade receivables40 | - | €0.1m | €0.05m | €0.6m | ▲ 13× |
| Other amounts receivable41 | - | €0.4m | €0.1m | €1.1m | ▲ 833% |
| Cash at bank and in hand54/58 | €0.6m | €0.2m | €1.1m | €0.1m | ▼ 87.5% |
| Deferred charges and accrued income490/1 | - | €0.09m | €0.02m | €0.03m | ▲ 12.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.0m | €0.9m | €1.3m | €1.9m | ▲ 52.3% |
| Equity10/15 | €0.2m | -€0.3m | €0.8m | €0.2m | ▼ 72.7% |
| Contributions10/11 | €3.8m | €8.4m | €12.8m | €13.3m | ▲ 3.9% |
| Capital10 | - | €8.4m | €12.8m | €13.3m | ▲ 3.9% |
| Issued capital100 | - | €8.4m | €12.8m | €13.3m | ▲ 3.9% |
| Profit (loss) carried forward14 | -€3.6m | -€8.7m | -€12.0m | -€13.1m | ▼ 8.8% |
| Amounts payable17/49 | €0.8m | €1.2m | €0.5m | €1.7m | ▲ 245% |
| Amounts payable after more than one year17 | - | - | - | €1.0m | - |
| Financial debts170/4 | - | - | - | €1.0m | - |
| Amounts payable within one year42/48 | €0.6m | €0.6m | €0.3m | €0.7m | ▲ 181% |
| Trade debts44 | €0.5m | €0.6m | €0.2m | €0.2m | ▲ 11.2% |
| Suppliers440/4 | - | €0.6m | €0.2m | €0.2m | ▲ 11.2% |
| Taxes, remuneration and social security45 | - | €0.05m | €0.04m | €0.003m | ▼ 93.1% |
| Taxes450/3 | - | €0.006m | €0.002m | €378 | ▼ 79.7% |
| Remuneration and social security454/9 | - | €0.05m | €0.04m | €0.002m | ▼ 93.8% |
| Other amounts payable47/48 | - | €0.007m | €0.007m | €0.5m | ▲ 68× |
| Accrued charges and deferred income492/3 | - | €0.5m | €0.2m | €0.006m | ▼ 97.4% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3.6m | -€5.2m | -€3.3m | -€1.1m | ▲ 67.9% |
| + Depreciation and write-downs630 | €0.02m | €0.009m | €0.007m | €0.006m | ▼ 18.5% |
| Operating cash flow (approximation) | -€3.5m | -€5.2m | -€3.3m | -€1.1m | ▲ 68.1% |
| Investment in fixed assets (approximation) | - | -€0.006m | -€0.003m | -€0.003m | ▼ 12.1% |
| Change in cash | - | -€0.4m | €0.8m | -€0.9m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.