CHIPZ 3
Open bankruptcyFinancials · financial year 2022, abbreviated format
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€8,078
2021 · -€2,168
Total assets
€43,763▼ 43.2%
2021 · €77,043
Net result
€10,246
2021 · -€24,571
Working capital
-€3,130▲ 83.0%
2021 · -€18,361
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result returns to profit in 2022: €10,420 after a loss of €24,464 in 2021.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€10,420
2022
Net result€10,246
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€43,763
2022
Equity€8,078
2022
Debt€35,685
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€3,130
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)23.4%
2022
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency18.5%
2022
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.88
2022
Average staff in full-time equivalents (FTE).
Staff (FTE)1
2022
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 56, Food and beverage service activities: 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
Line20182019202020212022
Operating result€3,044-€15,388▲ 406%€15,388=-€24,464€10,420
Net result€3,151-€11,857▲ 276%€11,857=-€24,571below the sector's middle half€10,246within the sector's middle half
Equity€6,220-€18,077▲ 191%€22,403▲ 23.9%-€2,168below the sector's middle half€8,078below the sector's middle half
Total assets€45,025-€74,067▲ 64.5%€115,897▲ 56.5%€77,043below the sector's middle half▼ 33.5%€43,763below the sector's middle half▼ 43.2%
Debt€41,956-€55,991▲ 33.5%€93,494▲ 67.0%€79,211▼ 15.3%€35,685▼ 54.9%
Working capital€3,069-€16,046▲ 423%€8,129▼ 49.3%-€18,361within the sector's middle half-€3,130within the sector's middle half▲ 83.0%
Solvency13.8%-24.4%▲ 10.6pp19.3%▼ 5.1pp-2.8%below the sector's middle half▼ 22.1pp18.5%within the sector's middle half▲ 21.3pp
Current ratio1.07-1.29▲ 0.211.10▼ 0.180.73within the sector's middle half▼ 0.370.88within the sector's middle half▲ 0.15
Return on assets (ROA)7.0%-16.0%▲ 9.0pp10.2%▼ 5.8pp-31.9%below the sector's middle half▼ 42.1pp23.4%above the sector's middle half▲ 55.3pp
Staff (FTE)1.2-1.2=1.2=1below the sector's middle half▼ 16.7%1below the sector's middle half=
above
within
below
the middle half of NACE 56, Food and beverage service activities: 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 abbreviated or micro format does not require them.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €43,763
Fixed assets
€20,601 ▼ 25.0%
Current assets
€23,161 ▼ 53.3%
Equity and liabilities €43,763
Equity
€8,078
Debt
€35,685
Debt finances 81.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€18,399▲
2021 · -€16,621
Cash flow
€18,225▲
2021 · -€16,728
Quick ratio
0.75▲
2021 · 0.68
Debt to equity
4.42
ROE
126.8%
Interest coverage
73.09▲
2021 · -47.59
Debt ≤ 1 year
€26,291▼
2021 · €67,917
Debt > 1 year
€7,489▼
2021 · €11,293
Staff costs
€17,157▲
2021 · €15,363
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 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €29,935 | - |
| Remuneration, social security and pensions62 | - | - | - | €15,363 | €17,157 | ▲ 11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €551 | €551 | €2,783 | €7,843 | €7,979 | ▲ 1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €4,011 | - |
| Other operating charges640/8 | - | - | - | €1,327 | €1,045 | ▼ 21.2% |
| Non-recurring operating charges66A | - | - | - | - | €64 | - |
| Gross operating margin9900 | €51,812 | €52,373 | €52,373 | €69 | €40,677 | ▲ 58,801% |
| Operating profit (loss)9901 | €3,044 | €15,388 | €15,388 | -€24,464 | €10,420 | - |
| Financial income75/76B | - | - | - | €242 | €78 | ▼ 67.9% |
| Recurring financial income75 | €51 | €6 | €6 | €242 | €78 | ▼ 67.9% |
| Financial charges65/66B | - | - | - | €349 | €252 | ▼ 27.9% |
| Recurring financial charges65 | €344 | €544 | €544 | €349 | €252 | ▼ 27.9% |
| Profit (loss) for the period before taxes9903 | €3,151 | €14,850 | €14,850 | -€24,571 | €10,246 | - |
| Income taxes67/77 | €0 | €2,993 | €2,993 | - | - | - |
| Profit (loss) for the period9904 | €3,151 | €11,857 | €11,857 | -€24,571 | €10,246 | - |
| Profit (loss) for the period to be appropriated9905 | €3,151 | €11,857 | €11,857 | -€24,571 | €10,246 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €45,025 | €74,067 | €115,897 | €77,043 | €43,763 | ▼ 43.2% |
| Formation expenses20 | €0 | €0 | €0 | - | - | - |
| Fixed assets21/28 | €2,203 | €2,203 | €29,303 | €27,486 | €20,601 | ▼ 25.0% |
| Intangible fixed assets21 | €0 | €0 | €0 | - | - | - |
| Tangible fixed assets22/27 | €2,203 | €2,203 | €28,925 | €27,486 | €20,601 | ▼ 25.0% |
| Plant, machinery and equipment23 | - | - | - | €27,486 | €20,601 | ▼ 25.0% |
| Financial fixed assets28 | €0 | €378 | €378 | - | - | - |
| Current assets29/58 | €45,025 | €72,037 | €86,594 | €49,557 | €23,161 | ▼ 53.3% |
| Amounts receivable after more than one year29 | - | - | - | - | €10,300 | - |
| Trade receivables290 | - | - | - | - | €10,300 | - |
| Stocks and contracts in progress3 | €3,193 | €3,894 | €3,894 | €3,695 | €3,475 | ▼ 6.0% |
| Stocks30/36 | - | - | - | €3,695 | €3,475 | ▼ 6.0% |
| Amounts receivable within one year40/41 | €31,064 | €37,998 | €44,465 | €39,404 | €1,485 | ▼ 96.2% |
| Trade receivables40 | - | - | - | €29,621 | €73 | ▼ 99.8% |
| Other amounts receivable41 | - | - | - | €9,783 | €1,413 | ▼ 85.6% |
| Current investments50/53 | €0 | €0 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €37,233 | €26,945 | €36,177 | €5,870 | €7,311 | ▲ 24.5% |
| Deferred charges and accrued income490/1 | - | - | - | €587 | €590 | ▲ 0.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €45,025 | €74,067 | €115,897 | €77,043 | €43,763 | ▼ 43.2% |
| Equity10/15 | €6,220 | €18,077 | €22,403 | -€2,168 | €8,078 | - |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | = |
| Reserves13 | €1 | €594 | €594 | €594 | €594 | = |
| Non-distributable reserves130/1 | - | - | - | €594 | €594 | = |
| Reserves not available under the articles1311 | - | - | - | €594 | €594 | = |
| Profit (loss) carried forward14 | -€3,131 | €11,283 | €15,609 | -€8,962 | €1,284 | - |
| Amounts payable17/49 | €41,956 | €55,991 | €93,494 | €79,211 | €35,685 | ▼ 54.9% |
| Amounts payable after more than one year17 | - | - | €15,029 | €11,293 | €7,489 | ▼ 33.7% |
| Financial debts170/4 | - | - | - | €11,293 | €7,489 | ▼ 33.7% |
| Amounts payable within one year42/48 | €41,956 | €55,991 | €78,465 | €67,917 | €26,291 | ▼ 61.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €3,736 | €3,805 | ▲ 1.8% |
| Trade debts44 | €15,167 | €45,162 | €66,940 | €56,771 | €5,765 | ▼ 89.8% |
| Suppliers440/4 | - | - | - | €56,771 | €5,765 | ▼ 89.8% |
| Taxes, remuneration and social security45 | - | - | - | €4,200 | €16,528 | ▲ 293% |
| Taxes450/3 | - | - | - | - | €7,783 | - |
| Remuneration and social security454/9 | - | - | - | €4,200 | €8,745 | ▲ 108% |
| Other amounts payable47/48 | - | - | - | €3,210 | €193 | ▼ 94.0% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,905 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,151 | €11,857 | €11,857 | -€24,571 | €10,246 | - |
| + Depreciation and write-downs630 | €551 | €551 | €2,783 | €7,843 | €7,979 | ▲ 1.7% |
| Operating cash flow (approximation) | €3,702 | €12,407 | €14,639 | -€16,728 | €18,225 | - |
| Investment in fixed assets (approximation) | - | -€551 | -€29,882 | -€6,026 | -€1,095 | ▲ 81.8% |
| Change in cash | - | -€10,287 | €9,231 | -€30,307 | €1,441 | - |
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 (6)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | abbreviated format | 30-06-2023 | 2023-00185858 |
| 31-12-2021 | abbreviated format | 05-09-2022 | 2022-20422338 |
| 31-12-2020 | abbreviated format | 30-07-2021 | 2021-45100155 |
| 31-12-2019 | micro format | 28-08-2020 | 2020-46300277 |
| 31-12-2018 | micro format | 21-08-2019 | 2019-48700556 |
| 31-12-2017 | micro format | 30-07-2018 | 2018-41500451 |
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Of the 20,128 active companies whose main activity is full-service restaurants (NACE 56111), figures are known for 11,490. 6,443 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2023 · 1 entry · €2,000 awarded · €2,000 paidSchemes
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.