CASSIAN CONCEPT
ActiveFinancials · financial year 2022, micro format
2023 annual accounts not yet filed, deadline passed on 30 April 2024 The financial year closed on 30 September 2023. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 3 financial years without a filing since the last one filed. Source: NBB filings, as of 5 November 2026.
Annual accounts 2022 filed on 11-07-2024 PDF all 7 filings
Turnover
≈ €270,000
Estimated: probably between €180,000 and €470,000
Total assets
€226,101▲ 196%
2021 · €76,368
Net result
€83,206▲ 126%
2021 · €36,779
Working capital
€132,090▲ 165%
2021 · €49,762
Multi-year overview
2019 to 2022, 4 financial yearsOperating result
€83,351
▲ 116%
2022
20192022
Net result
€83,206
▲ 126%
2022
20192022
Equity
€135,668
▲ 159%
2022
20192022
Total assets
€226,101
▲ 196%
2022
20192022
Debt
€90,433
▲ 278%
2022
20192022
Working capital
€132,090
▲ 165%
2022
20192022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022
Operating result-€554-€26,962€38,554▲ 43.0%€83,351▲ 116%
Net result-€554-€26,920€36,779▲ 36.6%€83,206▲ 126%
Equity-€11,236-€15,683€52,462▲ 235%€135,668▲ 159%
Total assets€53,570€76,368▲ 42.6%€226,101▲ 196%
Debt€11,236-€37,887▲ 237%€23,906▼ 36.9%€90,433▲ 278%
Working capital€12,083€49,762▲ 312%€132,090▲ 165%
The operating result for 2022 is 116% higher than in 2021 and the highest since 2019. It is the third rise in a row.
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 €226,101
Fixed assets
€3,578 ▲ 32.5%
Current assets
€222,523 ▲ 202%
Equity and liabilities €226,101
Equity
€135,668 ▲ 159%
Debt
€90,433 ▲ 278%
Debt's share of the balance-sheet total rises from 31.3% to 40.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€84,473▲
2021 · €39,454
Cash flow
€84,328▲
2021 · €37,679
Current ratio
2.46▼
2021 · 3.08
Debt to equity
0.67▲
2021 · 0.46
ROE
61.3%▼
2021 · 70.1%
ROA
36.8%▼
2021 · 48.2%
Interest coverage
over 100
2021 · over 100
Debt ≤ 1 year
€90,433▲
2021 · €23,906
Income taxes
-€12▼
2021 · €1,599
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2021 | 30-09-2022 |
|---|---|---|
| Tangible fixed assets | - | €2,000 |
| Depreciation and write-downs of the year | €900 | €1,122 |
Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €477 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €900 | €900 | €1,122 | ▲ 24.7% |
| Other operating charges640/8 | - | - | - | €5,554 | - |
| Gross operating margin9900 | -€554 | €27,862 | €39,931 | €90,028 | ▲ 125% |
| Operating profit (loss)9901 | -€554 | €26,962 | €38,554 | €83,351 | ▲ 116% |
| Recurring financial income75 | - | €0 | - | - | - |
| Financial charges65/66B | - | - | €176 | €157 | ▼ 10.9% |
| Recurring financial charges65 | - | €43 | €176 | €157 | ▼ 10.9% |
| Profit (loss) for the period before taxes9903 | -€554 | €26,920 | €38,377 | €83,194 | ▲ 117% |
| Income taxes67/77 | - | - | €1,599 | -€12 | - |
| Profit (loss) for the period9904 | -€554 | €26,920 | €36,779 | €83,206 | ▲ 126% |
| Profit (loss) for the period to be appropriated9905 | -€554 | €26,920 | €36,779 | €83,206 | ▲ 126% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | - | €53,570 | €76,368 | €226,101 | ▲ 196% |
| Fixed assets21/28 | - | €3,600 | €2,700 | €3,578 | ▲ 32.5% |
| Tangible fixed assets22/27 | - | €3,600 | €2,700 | €3,578 | ▲ 32.5% |
| Plant, machinery and equipment23 | - | - | - | €1,778 | - |
| Furniture and vehicles24 | - | - | €2,700 | €1,800 | ▼ 33.3% |
| Current assets29/58 | - | €49,970 | €73,668 | €222,523 | ▲ 202% |
| Amounts receivable within one year40/41 | - | €33,691 | €66,911 | €216,379 | ▲ 223% |
| Trade receivables40 | - | - | €5,000 | €45,523 | ▲ 810% |
| Other amounts receivable41 | - | - | €61,911 | €170,857 | ▲ 176% |
| Cash at bank and in hand54/58 | - | €16,279 | €6,756 | €2,963 | ▼ 56.1% |
| Deferred charges and accrued income490/1 | - | - | - | €3,181 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €0 | €53,570 | €76,368 | €226,101 | ▲ 196% |
| Equity10/15 | -€11,236 | €15,683 | €52,462 | €135,668 | ▲ 159% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | €18,600 | - | - |
| Issued capital100 | - | - | €18,600 | - | - |
| Reserves13 | €18,300 | €18,300 | €18,300 | €18,300 | = |
| Tax-exempt reserves132 | - | - | €18,300 | €18,300 | = |
| Profit (loss) carried forward14 | -€48,136 | -€21,217 | €15,562 | €98,768 | ▲ 535% |
| Amounts payable17/49 | €11,236 | €37,887 | €23,906 | €90,433 | ▲ 278% |
| Amounts payable within one year42/48 | €11,236 | €37,887 | €23,906 | €90,433 | ▲ 278% |
| Trade debts44 | €554 | €25,092 | €22,307 | €90,433 | ▲ 305% |
| Suppliers440/4 | - | - | €22,307 | €90,433 | ▲ 305% |
| Taxes, remuneration and social security45 | - | - | €1,599 | - | - |
| Taxes450/3 | - | - | €1,599 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€554 | €26,920 | €36,779 | €83,206 | ▲ 126% |
| + Depreciation and write-downs630 | - | €900 | €900 | €1,122 | ▲ 24.7% |
| Operating cash flow (approximation) | -€554 | €27,820 | €37,679 | €84,328 | ▲ 124% |
| Investment in fixed assets (approximation) | - | - | €0 | -€2,000 | - |
| Change in cash | - | - | -€9,523 | -€3,794 | ▲ 60.2% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2022 | micro format | 11-07-2024 | 2024-00241672 | |
| 30-09-2021 | micro format | 12-08-2022 | 2022-20290351 | |
| 30-09-2020 | micro format | 30-04-2021 | 2021-13000484 | |
| 30-09-2019 | micro format | 07-04-2020 | 2020-08700366 | |
| 30-09-2018 | micro format | 15-07-2019 | 2019-33400346 | |
| 30-09-2017 | micro format | 15-02-2018 | 2018-04900484 | |
| 30-09-2015 | abbreviated format | 09-02-2016 | 2016-04100006 |