CIEL
InactiveFinancials · financial year 2023, micro format
Annual accounts 2023 filed on 11-01-2024 PDF all 20 filings
Turnover
≈ €110,000
Estimated: probably between €52,000 and €270,000
Total assets
€316,923▲ 1.8%
2022 · €311,381
Net result
€11,491▲ 148%
2022 · €4,637
Working capital
€145,004▲ 13.1%
2022 · €128,239
Multi-year overview
2019 to 2023, 5 financial yearsOperating result
€8,482
▲ 47.4%
2023
20192023
Net result
€11,491
▲ 148%
2023
20192023
Equity
€316,136
▲ 3.8%
2023
20192023
Total assets
€316,923
▲ 1.8%
2023
20192023
Debt
€787
▼ 88.3%
2023
20192023
Working capital
€145,004
▲ 13.1%
2023
20192023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Operating result€1,374-€11,151▲ 712%€9,509▼ 14.7%€5,756▼ 39.5%€8,482▲ 47.4%
Net result€904-€10,883▲ 12×€9,343▼ 14.1%€4,637▼ 50.4%€11,491▲ 148%
Equity€279,782-€290,665▲ 3.9%€300,008▲ 3.2%€304,645▲ 1.5%€316,136▲ 3.8%
Total assets€281,525-€291,560▲ 3.6%€300,975▲ 3.2%€311,381▲ 3.5%€316,923▲ 1.8%
Debt€1,743-€895▼ 48.7%€967▲ 8.0%€6,736▲ 597%€787▼ 88.3%
Working capital€82,303-€100,534▲ 22.2%€117,160▲ 16.5%€128,239▲ 9.5%€145,004▲ 13.1%
The operating result for 2023 is 47% higher than in 2022. It is a recovery after the fall in 2022.
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
2023 in colour, 2022 as the grey bar beneath
Assets €316,923
Fixed assets
€171,132 ▼ 3.0%
Current assets
€145,792 ▲ 8.0%
Equity and liabilities €316,923
Equity
€316,136 ▲ 3.8%
Debt
€787 ▼ 88.3%
Debt's share of the balance-sheet total falls from 2.2% to 0.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€13,757▲
2022 · €13,039
Cash flow
€16,765▲
2022 · €11,920
Debt to equity
0.00▼
2022 · 0.02
ROE
3.6%▲
2022 · 1.5%
ROA
3.6%▲
2022 · 1.5%
Interest coverage
46.53▲
2022 · 19.91
Debt ≤ 1 year
€787▼
2022 · €6,736
A ratio outside any meaningful range has been withheld (balance sheet total €316,923, equity €316,136).
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 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,283 | €7,283 | €7,283 | €7,283 | €5,274 | ▼ 27.6% |
| Other operating charges640/8 | - | - | - | €3,510 | €980 | ▼ 72.1% |
| Gross operating margin9900 | €11,180 | €20,988 | €19,151 | €16,549 | €14,736 | ▼ 11.0% |
| Operating profit (loss)9901 | €1,374 | €11,151 | €9,509 | €5,756 | €8,482 | ▲ 47.4% |
| Financial income75/76B | - | - | - | - | €3,304 | - |
| Recurring financial income75 | - | - | - | - | €3,304 | - |
| Financial charges65/66B | - | - | - | €655 | €296 | ▼ 54.9% |
| Recurring financial charges65 | €470 | €267 | €166 | €655 | €296 | ▼ 54.9% |
| Profit (loss) for the period before taxes9903 | €904 | €10,883 | €9,343 | €5,101 | €11,491 | ▲ 125% |
| Income taxes67/77 | - | - | - | €464 | - | - |
| Profit (loss) for the period9904 | €904 | €10,883 | €9,343 | €4,637 | €11,491 | ▲ 148% |
| Profit (loss) for the period to be appropriated9905 | €904 | €10,883 | €9,343 | €4,637 | €11,491 | ▲ 148% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €281,525 | €291,560 | €300,975 | €311,381 | €316,923 | ▲ 1.8% |
| Fixed assets21/28 | €198,254 | €190,972 | €183,689 | €176,406 | €171,132 | ▼ 3.0% |
| Tangible fixed assets22/27 | €198,254 | €190,972 | €183,689 | €176,406 | €171,132 | ▼ 3.0% |
| Land and buildings22 | - | - | - | €176,406 | €171,132 | ▼ 3.0% |
| Current assets29/58 | €83,270 | €100,588 | €117,286 | €134,975 | €145,792 | ▲ 8.0% |
| Amounts receivable within one year40/41 | €82,600 | €88,400 | €82,600 | €82,600 | €85,904 | ▲ 4.0% |
| Other amounts receivable41 | - | - | - | €82,600 | €85,904 | ▲ 4.0% |
| Cash at bank and in hand54/58 | €242 | €11,745 | €34,686 | €51,507 | €59,888 | ▲ 16.3% |
| Deferred charges and accrued income490/1 | - | - | - | €868 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €281,525 | €291,560 | €300,975 | €311,381 | €316,923 | ▲ 1.8% |
| Equity10/15 | €279,782 | €290,665 | €300,008 | €304,645 | €316,136 | ▲ 3.8% |
| Contributions10/11 | €300,000 | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Capital10 | - | - | - | €300,000 | €300,000 | = |
| Issued capital100 | - | - | - | €300,000 | €300,000 | = |
| Reserves13 | - | - | €8 | €4,645 | €16,136 | ▲ 247% |
| Non-distributable reserves130/1 | - | - | - | €240 | €240 | = |
| Legal reserve130 | - | - | - | €240 | €240 | = |
| Distributable reserves133 | - | - | - | €4,405 | €15,896 | ▲ 261% |
| Profit (loss) carried forward14 | -€20,218 | -€9,335 | - | - | - | - |
| Amounts payable17/49 | €1,743 | €895 | €967 | €6,736 | €787 | ▼ 88.3% |
| Amounts payable within one year42/48 | €967 | €54 | €126 | €6,736 | €787 | ▼ 88.3% |
| Trade debts44 | €967 | €54 | - | €6,146 | - | - |
| Suppliers440/4 | - | - | - | €6,146 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €464 | €464 | = |
| Taxes450/3 | - | - | - | €464 | €464 | = |
| Other amounts payable47/48 | - | - | - | €126 | €324 | ▲ 157% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €904 | €10,883 | €9,343 | €4,637 | €11,491 | ▲ 148% |
| + Depreciation and write-downs630 | €7,283 | €7,283 | €7,283 | €7,283 | €5,274 | ▼ 27.6% |
| Operating cash flow (approximation) | €8,187 | €18,166 | €16,626 | €11,920 | €16,765 | ▲ 40.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €11,504 | €22,941 | €16,821 | €8,380 | ▼ 50.2% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2023 | micro format | 11-01-2024 | 2024-00001093 | |
| 30-06-2022 | micro format | 22-12-2022 | 2022-20545911 | |
| 30-06-2021 | micro format | 16-12-2021 | 2021-80500408 | |
| 30-06-2020 | micro format | 17-12-2020 | 2020-76000496 | |
| 30-06-2019 | micro format | 12-12-2019 | 2019-76000206 | |
| 30-06-2018 | micro format | 13-12-2018 | 2018-74400245 | |
| 30-06-2017 | micro format | 21-12-2017 | 2017-73000250 | |
| 30-06-2016 | abbreviated format | 15-12-2016 | 2016-70100518 | |
| 30-06-2015 | abbreviated format | 10-12-2015 | 2015-68600119 | |
| 30-06-2014 | abbreviated format | 11-12-2014 | 2014-68900142 |