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Open bankruptcyFinancials · 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 yearsTurnover
€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
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
| Item | 2020 | 2021 |
|---|---|---|
| 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
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| 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% |
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| 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 | - | - |
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| 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.