Skip to content

CMC

Open bankruptcy
Private limited companyfounded 2020Zuivelmarkt 24, 3500 Hasselt, BelgiumKBO/BCE: BE 0741.861.641
CMCOpen bankruptcy

Financials · financial year 2021, micro format

2021 annual accounts filed 38 days after the deadline Filed on 7 September 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20425740.

Annual accounts 2021 filed on 07-09-2022 PDF all 2 filings

Turnover
€124,501
EBIT margin
18.9%
Net result
€23,544▲ 44.1%
2020 · €16,336
Working capital
€41,780▲ 137%
2020 · €17,638
Multi-year overview
2020 to 2021, 2 financial years
Turnover
€124,501
2021
20202021
Operating result
€23,544
▲ 44.0% 2021
20202021
Net result
€23,544
▲ 44.1% 2021
middle half of the sector
20202021
EBIT margin
18.9%
2021
20202021
Equity
€42,379
▲ 125% 2021
middle half of the sector
20202021
Total assets
€51,327
▲ 82.4% 2021
middle half of the sector
20202021
Debt
€8,948
▼ 3.9% 2021
20202021
Working capital
€41,780
▲ 137% 2021
highest quarter of the sector
20202021
Solvency
82.6%
▲ 15.6pp 2021
highest quarter of the sector
20202021
Current ratio
5.67
▲ 2.77 2021
highest quarter of the sector
20202021
Return on assets (ROA)
45.9%
▼ 12.2pp 2021
highest quarter of the sector
20202021
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20202021
Turnover€124,501
Operating result€16,355-€23,544▲ 44.0%
Net result€16,336within the sector's middle half-€23,544within the sector's middle half▲ 44.1%
EBIT margin18.9%
Equity€18,836within the sector's middle half-€42,379within the sector's middle half▲ 125%
Total assets€28,144below the sector's middle half-€51,327within the sector's middle half▲ 82.4%
Debt€9,308-€8,948▼ 3.9%
Working capital€17,638within the sector's middle half-€41,780above the sector's middle half▲ 137%
Solvency66.9%above the sector's middle half-82.6%above the sector's middle half▲ 15.6pp
Current ratio2.89above the sector's middle half-5.67above the sector's middle half▲ 2.77
Return on assets (ROA)58.0%above the sector's middle half-45.9%above the sector's middle half▼ 12.2pp
above within below The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). 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 2021 is 44% higher than in 2020.

Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €51,327
Fixed assets €599 ▼ 50.0%
Current assets €50,728 ▲ 88.3%
Equity and liabilities €51,327
Equity €42,379 ▲ 125%
Debt €8,948 ▼ 3.9%
Debt's share of the balance-sheet total falls from 33.1% to 17.4%. Equity is higher and debt is lower.
Key figures and ratios
2021 value · change against 2020
EBITDA
€24,142
Cash flow
€24,142
Quick ratio
4.55▲
2020 · 1.98
Debt to equity
0.21▼
2020 · 0.49
ROE
55.6%▼
2020 · 86.7%
Interest coverage
over 100
Debt ≤ 1 year
€8,948▼
2020 · €9,308
Customer credit
0 days
Staff costs
€32,708
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item20202021
Tangible fixed assets€1,796€1,197
Depreciation and write-downs of the year-€599

Source: notes to the 2020 to 2021 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2021 against 2020 · 36 lines
Balance sheet Code20202021
Assets
Total assets20/58€28,144€51,327▲
Fixed assets21/28€1,197€599▼
Tangible fixed assets22/27€1,197€599▼
Plant, machinery and equipment23€1,197€599▼
Current assets29/58€26,946€50,728▲
Stocks and contracts in progress3€8,500€10,000▲
Stocks30/36€8,500€10,000▲
Amounts receivable within one year40/41€16,473€20,812▲
Trade receivables40-€2
Other amounts receivable41€16,473€20,810▲
Cash at bank and in hand54/58€1,973€19,916▲
Equity and liabilities
Total equity and liabilities10/49€28,144€51,327▲
Equity10/15€18,836€42,379▲
Contributions10/11€2,500€2,500=
Capital10€2,500-
Issued capital100€2,500-
Profit (loss) carried forward14€16,336€39,879▲
Amounts payable17/49€9,308€8,948▼
Amounts payable within one year42/48€9,308€8,948▼
Taxes, remuneration and social security45-€8,948
Remuneration and social security454/9-€8,948
Other amounts payable47/48€9,308-
Income statement Code20202021
Turnover70-€124,501
Goods, raw materials, services and sundry goods60/61-€67,459
Remuneration, social security and pensions62-€32,708
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€599
Other operating charges640/8-€191
Gross operating margin9900€16,355€57,042▲
Operating profit (loss)9901€16,355€23,544▲
Financial charges65/66B€19€0▼
Recurring financial charges65€19€0▼
Profit (loss) for the period before taxes9903€16,336€23,544▲
Profit (loss) for the period9904€16,336€23,544▲
Profit (loss) for the period to be appropriated9905€16,336€23,544▲
Appropriation of the result
Profit (loss) to be appropriated9906€16,336€39,879▲
Profit (loss) brought forward from the previous period14P-€16,336

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2021 (PDF), filed on 07-09-2022.

Line20202021Change
Turnover70-€124,501-
Goods, raw materials, services and sundry goods60/61-€67,459-
Remuneration, social security and pensions62-€32,708-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€599-
Other operating charges640/8-€191-
Gross operating margin9900€16,355€57,042▲ 249%
Operating profit (loss)9901€16,355€23,544▲ 44.0%
Financial charges65/66B€19€0▼ 99.2%
Recurring financial charges65€19€0▼ 99.2%
Profit (loss) for the period before taxes9903€16,336€23,544▲ 44.1%
Profit (loss) for the period9904€16,336€23,544▲ 44.1%
Profit (loss) for the period to be appropriated9905€16,336€23,544▲ 44.1%
Line20202021Change
Assets
Total assets20/58€28,144€51,327▲ 82.4%
Fixed assets21/28€1,197€599▼ 50.0%
Tangible fixed assets22/27€1,197€599▼ 50.0%
Plant, machinery and equipment23€1,197€599▼ 50.0%
Current assets29/58€26,946€50,728▲ 88.3%
Stocks and contracts in progress3€8,500€10,000▲ 17.6%
Stocks30/36€8,500€10,000▲ 17.6%
Amounts receivable within one year40/41€16,473€20,812▲ 26.3%
Trade receivables40-€2-
Other amounts receivable41€16,473€20,810▲ 26.3%
Cash at bank and in hand54/58€1,973€19,916▲ 909%
Equity and liabilities
Total equity and liabilities10/49€28,144€51,327▲ 82.4%
Equity10/15€18,836€42,379▲ 125%
Contributions10/11€2,500€2,500=
Capital10€2,500--
Issued capital100€2,500--
Profit (loss) carried forward14€16,336€39,879▲ 144%
Amounts payable17/49€9,308€8,948▼ 3.9%
Amounts payable within one year42/48€9,308€8,948▼ 3.9%
Taxes, remuneration and social security45-€8,948-
Remuneration and social security454/9-€8,948-
Other amounts payable47/48€9,308--
Line20202021Change
Profit (loss) for the period9904€16,336€23,544▲ 44.1%
+ Depreciation and write-downs630-€599-
Operating cash flow (approximation)€16,336€24,142▲ 47.8%
Investment in fixed assets (approximation)-€0-
Change in cash-€17,943-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (2)
Financial year Type Filed Reference Document
31-12-2021 micro format 07-09-2022 2022-20425740 PDF
31-12-2020 micro format 07-04-2022 2022-20547812 PDF