Capture Horizon
Open bankruptcyFinancials · financial year 2022, micro format
Annual accounts 2022 filed on 26-04-2023 PDF all 4 filings
Turnover
≈ €95,000
Estimated: probably between €55,000 and €200,000
Total assets
€79,472▼ 31.1%
2021 · €115,400
Net result
€22,311
2021 · -€7,856
Working capital
€32,380▲ 130%
2021 · €14,081
Multi-year overview
2019 to 2022, 4 financial yearsOperating result
€2,630
2022
20192022
Net result
€22,311
2022
middle half of the sector
20192022
Equity
€30,979
▲ 257%
2022
middle half of the sector
20192022
Total assets
€79,472
▼ 31.1%
2022
middle half of the sector
20192022
Debt
€48,493
▼ 54.6%
2022
20192022
Working capital
€32,380
▲ 130%
2022
middle half of the sector
20192022
Solvency
39.0%
▲ 31.5pp
2022
middle half of the sector
20192022
Current ratio
1.71
▲ 0.56
2022
middle half of the sector
20192022
Return on assets (ROA)
28.1%
▲ 34.9pp
2022
highest quarter of the sector
20192022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022
Operating result-€68,030-€83,915-€7,689€2,630
Net result-€68,315-€78,639above the sector's middle half-€7,856below the sector's middle half€22,311within the sector's middle half
Equity-€62,115-€16,524below the sector's middle half€8,669below the sector's middle half▼ 47.5%€30,979within the sector's middle half▲ 257%
Total assets€66,779-€164,761within the sector's middle half▲ 147%€115,400within the sector's middle half▼ 30.0%€79,472within the sector's middle half▼ 31.1%
Debt€128,894-€148,237▲ 15.0%€106,731▼ 28.0%€48,493▼ 54.6%
Working capital-€64,811-€16,705within the sector's middle half€14,081within the sector's middle half▼ 15.7%€32,380within the sector's middle half▲ 130%
Solvency-93.0%-10.0%below the sector's middle half▲ 103.0pp7.5%below the sector's middle half▼ 2.5pp39.0%within the sector's middle half▲ 31.5pp
Current ratio0.35-1.13within the sector's middle half▲ 0.781.15within the sector's middle half▲ 0.021.71within the sector's middle half▲ 0.56
Return on assets (ROA)-102.3%-47.7%above the sector's middle half▲ 150.0pp-6.8%below the sector's middle half▼ 54.5pp28.1%above the sector's middle half▲ 34.9pp
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). 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 operating result for 2022 is a profit of €2,630, after a loss of €7,689 in 2021.
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
2022 in colour, 2021 as the grey bar beneath
Assets €79,472
Fixed assets
€1,501 ▼ 81.9%
Current assets
€77,972 ▼ 27.2%
Equity and liabilities €79,472
Equity
€30,979 ▲ 257%
Debt
€48,493 ▼ 54.6%
Debt's share of the balance-sheet total falls from 92.5% to 61.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€9,418▲
2021 · €4,557
Cash flow
€29,099▲
2021 · €4,391
Debt to equity
1.57▼
2021 · 1.58
ROE
72.0%▲
2021 · -90.6%
Interest coverage
34.33
Debt ≤ 1 year
€45,592▼
2021 · €93,031
Debt > 1 year
€2,901▼
2021 · €13,700
Income taxes
€4,193▲
2021 · -€17
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 |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,427 | €12,079 | €12,247 | €6,788 | ▼ 44.6% |
| Other operating charges640/8 | - | - | - | €111 | - |
| Gross operating margin9900 | -€49,625 | €111,874 | €5,061 | €9,529 | ▲ 88.3% |
| Operating profit (loss)9901 | -€68,030 | €83,915 | -€7,689 | €2,630 | - |
| Financial income75/76B | - | - | - | €24,148 | - |
| Recurring financial income75 | - | - | €42 | €0 | ▼ 100% |
| Non-recurring financial income76B | - | - | - | €24,148 | - |
| Financial charges65/66B | - | - | - | €274 | - |
| Recurring financial charges65 | €285 | €365 | €225 | €274 | ▲ 21.9% |
| Profit (loss) for the period before taxes9903 | -€68,315 | €83,550 | -€7,873 | €26,504 | - |
| Income taxes67/77 | - | €4,911 | -€17 | €4,193 | - |
| Profit (loss) for the period9904 | -€68,315 | €78,639 | -€7,856 | €22,311 | - |
| Profit (loss) for the period to be appropriated9905 | -€68,315 | €78,639 | -€7,856 | €22,311 | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €66,779 | €164,761 | €115,400 | €79,472 | ▼ 31.1% |
| Fixed assets21/28 | €31,311 | €19,941 | €8,288 | €1,501 | ▼ 81.9% |
| Intangible fixed assets21 | €3,952 | €2,964 | €1,976 | €988 | ▼ 50.0% |
| Tangible fixed assets22/27 | €27,359 | €16,977 | €6,312 | €513 | ▼ 91.9% |
| Furniture and vehicles24 | - | - | - | €513 | - |
| Current assets29/58 | €35,468 | €144,821 | €107,111 | €77,972 | ▼ 27.2% |
| Amounts receivable within one year40/41 | €19,637 | €20,630 | €51,160 | €76,149 | ▲ 48.8% |
| Trade receivables40 | - | - | - | €51,146 | - |
| Other amounts receivable41 | - | - | - | €25,003 | - |
| Cash at bank and in hand54/58 | €15,151 | €123,211 | €55,604 | €1,402 | ▼ 97.5% |
| Deferred charges and accrued income490/1 | - | - | - | €421 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €66,779 | €164,761 | €115,400 | €79,472 | ▼ 31.1% |
| Equity10/15 | -€62,115 | €16,524 | €8,669 | €30,979 | ▲ 257% |
| Contributions10/11 | €6,200 | - | - | €6,200 | - |
| Reserves13 | - | €10,324 | €2,469 | €24,779 | ▲ 904% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - |
| Distributable reserves133 | - | - | - | €22,919 | - |
| Profit (loss) carried forward14 | -€68,315 | €0 | - | - | - |
| Amounts payable17/49 | €128,894 | €148,237 | €106,731 | €48,493 | ▼ 54.6% |
| Amounts payable after more than one year17 | €28,615 | €20,121 | €13,700 | €2,901 | ▼ 78.8% |
| Financial debts170/4 | - | - | - | €2,901 | - |
| Amounts payable within one year42/48 | €100,279 | €128,116 | €93,031 | €45,592 | ▼ 51.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €8,649 | - |
| Trade debts44 | €8,965 | €26,076 | €9,849 | €20,492 | ▲ 108% |
| Suppliers440/4 | - | - | - | €20,492 | - |
| Taxes, remuneration and social security45 | - | - | - | €6,163 | - |
| Taxes450/3 | - | - | - | €6,163 | - |
| Other amounts payable47/48 | - | - | - | €10,288 | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€68,315 | €78,639 | -€7,856 | €22,311 | - |
| + Depreciation and write-downs630 | €17,427 | €12,079 | €12,247 | €6,788 | ▼ 44.6% |
| Operating cash flow (approximation) | -€50,888 | €90,719 | €4,391 | €29,099 | ▲ 563% |
| Investment in fixed assets (approximation) | - | -€709 | -€594 | €0 | - |
| Change in cash | - | €108,060 | -€67,607 | -€54,202 | ▲ 19.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.