CAP 7
Open bankruptcyFinancials · financial year 2022, micro format
2022 annual accounts filed late (92 days) Filed on 31 October 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00508572.
Turnover
≈ €1.8m
Estimated: probably between €1.2m and €2.4m
Total assets
€300,221▲ 75.7%
2021 · €170,836
Net result
-€2,109▲ 33.2%
2021 · -€3,156
Working capital
-€50,604▼ 29.6%
2021 · -€39,040
Trend over the years
2019 to 2022, 4 financial years
The operating result falls in 2022; 2022 is 75% below 2021.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€2,108
2022
Net result-€2,109
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€300,221
2022
Equity-€33,474
2022
Debt€333,695
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€50,604
2022
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)-0.7%
2022
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-11.1%
2022
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.82
2022
Average staff in full-time equivalents (FTE).
Staff (FTE)6.2
2021
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
Line2019202020212022
Operating result€2,668--€40,429€8,550€2,108▼ 75.3%
Net result€327--€48,537below the sector's middle half-€3,156below the sector's middle half▲ 93.5%-€2,109within the sector's middle half▲ 33.2%
Equity€20,327--€28,210below the sector's middle half-€31,366below the sector's middle half▼ 11.2%-€33,474below the sector's middle half▼ 6.7%
Total assets€187,884-€175,072within the sector's middle half▼ 6.8%€170,836within the sector's middle half▼ 2.4%€300,221within the sector's middle half▲ 75.7%
Debt€167,557-€203,282▲ 21.3%€202,202▼ 0.5%€333,695▲ 65.0%
Working capital€40,702--€6,167within the sector's middle half-€39,040below the sector's middle half▼ 533%-€50,604below the sector's middle half▼ 29.6%
Solvency10.8%--16.1%below the sector's middle half▼ 26.9pp-18.4%below the sector's middle half▼ 2.2pp-11.1%below the sector's middle half▲ 7.2pp
Current ratio1.28-0.97within the sector's middle half▼ 0.310.81below the sector's middle half▼ 0.160.82below the sector's middle half▲ 0.01
Return on assets (ROA)0.2%--27.7%below the sector's middle half▼ 27.9pp-1.8%below the sector's middle half▲ 25.9pp-0.7%within the sector's middle half▲ 1.1pp
Staff (FTE)1.9-8.3above the sector's middle half▲ 337%6.2▼ 25.3%
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. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €300,221
Fixed assets
€75,304 ▲ 694%
Current assets
€224,916 ▲ 39.4%
Equity and liabilities
Equity-€33,474
Debt€333,695
Equity is negative: debt (€333,695) exceeds the balance-sheet total (€300,221).
Key figures and ratios
EBITDA
€4,250▼
2021 · €9,410
Cash flow
€33▲
2021 · -€2,296
Quick ratio
0.22▲
2021 · 0.10
Interest coverage
0.91▼
2021 · 1.08
Debt ≤ 1 year
€275,520▲
2021 · €200,388
Debt > 1 year
€46,258
Income taxes
-€298▼
2021 · €3,000
Staff costs
€212,998▲
2021 · €186,190
No debt to equity: equity is negative, so debt divided by equity means nothing.
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 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €150 | - |
| Remuneration, social security and pensions62 | - | - | €186,190 | €212,998 | ▲ 14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,283 | €592 | €860 | €2,142 | ▲ 149% |
| Other operating charges640/8 | - | - | €1,903 | €793 | ▼ 58.3% |
| Non-recurring operating charges66A | - | - | - | €100 | - |
| Gross operating margin9900 | €59,018 | €146,361 | €197,503 | €218,141 | ▲ 10.4% |
| Operating profit (loss)9901 | €2,668 | -€40,429 | €8,550 | €2,108 | ▼ 75.3% |
| Financial income75/76B | - | - | €28 | €169 | ▲ 499% |
| Recurring financial income75 | €1 | €2 | €28 | €169 | ▲ 499% |
| Financial charges65/66B | - | - | €8,734 | €4,684 | ▼ 46.4% |
| Recurring financial charges65 | €2,342 | €5,761 | €8,734 | €4,684 | ▼ 46.4% |
| Profit (loss) for the period before taxes9903 | €327 | -€46,188 | -€156 | -€2,407 | ▼ 1,447% |
| Income taxes67/77 | - | €2,350 | €3,000 | -€298 | - |
| Profit (loss) for the period9904 | €327 | -€48,537 | -€3,156 | -€2,109 | ▲ 33.2% |
| Profit (loss) for the period to be appropriated9905 | €327 | -€48,537 | -€3,156 | -€2,109 | ▲ 33.2% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €187,884 | €175,072 | €170,836 | €300,221 | ▲ 75.7% |
| Fixed assets21/28 | €771 | €1,929 | €9,488 | €75,304 | ▲ 694% |
| Intangible fixed assets21 | - | - | - | €64,873 | - |
| Tangible fixed assets22/27 | €771 | €1,929 | €9,488 | €10,431 | ▲ 9.9% |
| Plant, machinery and equipment23 | - | - | €6,908 | €8,704 | ▲ 26.0% |
| Furniture and vehicles24 | - | - | €2,580 | €1,727 | ▼ 33.1% |
| Current assets29/58 | €187,114 | €173,143 | €161,348 | €224,916 | ▲ 39.4% |
| Stocks and contracts in progress3 | €115,203 | €135,296 | €141,163 | €163,050 | ▲ 15.5% |
| Stocks30/36 | - | - | €141,163 | €163,050 | ▲ 15.5% |
| Amounts receivable within one year40/41 | €7,508 | €8,742 | €5,103 | €38,953 | ▲ 663% |
| Trade receivables40 | - | - | €380 | €2,434 | ▲ 540% |
| Other amounts receivable41 | - | - | €4,722 | €36,519 | ▲ 673% |
| Cash at bank and in hand54/58 | €59,877 | €19,771 | €11,528 | €22,914 | ▲ 98.8% |
| Deferred charges and accrued income490/1 | - | - | €3,555 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €187,884 | €175,072 | €170,836 | €300,221 | ▲ 75.7% |
| Equity10/15 | €20,327 | -€28,210 | -€31,366 | -€33,474 | ▼ 6.7% |
| Contributions10/11 | €20,000 | - | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | €327 | -€48,210 | -€51,366 | -€53,474 | ▼ 4.1% |
| Amounts payable17/49 | €167,557 | €203,282 | €202,202 | €333,695 | ▲ 65.0% |
| Amounts payable after more than one year17 | €21,145 | €8,553 | - | €46,258 | - |
| Financial debts170/4 | - | - | - | €46,258 | - |
| Amounts payable within one year42/48 | €146,412 | €179,311 | €200,388 | €275,520 | ▲ 37.5% |
| Current portion of amounts payable after more than one year42 | - | - | €8,553 | €17,984 | ▲ 110% |
| Financial debts43 | - | - | €9,651 | €34,963 | ▲ 262% |
| Credit institutions430/8 | - | - | €9,651 | €34,963 | ▲ 262% |
| Trade debts44 | €121,260 | €132,056 | €128,218 | €157,494 | ▲ 22.8% |
| Suppliers440/4 | - | - | €128,218 | €157,494 | ▲ 22.8% |
| Taxes, remuneration and social security45 | - | - | €41,160 | €54,713 | ▲ 32.9% |
| Taxes450/3 | - | - | €4,220 | €9,649 | ▲ 129% |
| Remuneration and social security454/9 | - | - | €36,940 | €45,064 | ▲ 22.0% |
| Other amounts payable47/48 | - | - | €12,805 | €10,365 | ▼ 19.1% |
| Accrued charges and deferred income492/3 | - | - | €1,814 | €11,917 | ▲ 557% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €327 | -€48,537 | -€3,156 | -€2,109 | ▲ 33.2% |
| + Depreciation and write-downs630 | €2,283 | €592 | €860 | €2,142 | ▲ 149% |
| Operating cash flow (approximation) | €2,610 | -€47,945 | -€2,296 | €33 | - |
| Investment in fixed assets (approximation) | - | -€1,750 | -€8,419 | -€67,959 | ▼ 707% |
| Change in cash | - | -€40,106 | -€8,243 | €11,386 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (4)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | micro format | 31-10-2023 | 2023-00508572 |
| 31-12-2021 | micro format | 08-12-2022 | 2022-20538210 |
| 31-12-2020 | micro format | 20-10-2021 | 2021-72900499 |
| 31-12-2019 | micro format | 11-08-2020 | 2020-41700601 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector. Of the 10,337 active companies whose main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110), figures are known for 5,969. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.