COBELFRA
InactiveInactive; last annual accounts for fiscal year 2022.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 26-06-2023, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2022
35 d early
2021
82 d early
2020
39 d early
2019
31 d early
2018
35 d early
2017
36 d early
2016
32 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, full schema
Turnover
€23.32M▲ 22.7%
2021 · €19.00M
2018: €21.82M
2019: €22.90M▲ +4.9% vs 2018
2020: €18.11M▼ -20.9% vs 2019lowest in 5 years
2021: €19.00M▲ +4.9% vs 2020
2022: €23.32M▲ +22.7% vs 2021highest in 5 years
2018 → 2022
EBIT margin
37.2%▼ 15.4pp
2021 · 52.6%
2018: 51.5%
2019: 54.2%▲ +5.3% vs 2018highest in 5 years
2020: 47.4%▼ -12.6% vs 2019
2021: 52.6%▲ +10.8% vs 2020
2022: 37.2%▼ -29.2% vs 2021lowest in 5 years
2018 → 2022
Net result
€6.52M▼ 12.7%
2021 · €7.47M
2018: €7.89M
2019: €8.72M▲ +10.5% vs 2018highest in 5 years
2020: €6.42M▼ -26.4% vs 2019lowest in 5 years
2021: €7.47M▲ +16.3% vs 2020
2022: €6.52M▼ -12.7% vs 2021
2018 → 2022
Working capital
€20.82M▲ 47.0%
2021 · €14.17M
2018: €-316klowest in 5 years
2019: €658k▲ +308% vs 2018
2020: €7.42M▲ +1028% vs 2019
2021: €14.17M▲ +90.9% vs 2020
2022: €20.82M▲ +47.0% vs 2021highest in 5 years
2018 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€21.82M-€22.90M▲ 4.9%€18.11M▼ 20.9%€19.00M▲ 4.9%€23.32M▲ 22.7%
2018: €21.82M
2019: €22.90M▲ +4.9% vs 2018
2020: €18.11M▼ -20.9% vs 2019lowest in 5 years
2021: €19.00M▲ +4.9% vs 2020
2022: €23.32M▲ +22.7% vs 2021highest in 5 years
Equity€1.51M-€2.21M▲ 46.9%€8.64M▲ 290%€16.10M▲ 86.5%€22.62M▲ 40.5%
2018: €1.51Mlowest in 5 years
2019: €2.21M▲ +46.9% vs 2018
2020: €8.64M▲ +290% vs 2019
2021: €16.10M▲ +86.5% vs 2020
2022: €22.62M▲ +40.5% vs 2021highest in 5 years
Operating result€11.24M-€12.42M▲ 10.5%€8.59M▼ 30.8%€9.99M▲ 16.3%€8.67M▼ 13.2%
2018: €11.24M
2019: €12.42M▲ +10.5% vs 2018highest in 5 years
2020: €8.59M▼ -30.8% vs 2019lowest in 5 years
2021: €9.99M▲ +16.3% vs 2020
2022: €8.67M▼ -13.2% vs 2021
Net result€7.89M-€8.72M▲ 10.5%€6.42M▼ 26.4%€7.47M▲ 16.3%€6.52M▼ 12.7%
2018: €7.89M
2019: €8.72M▲ +10.5% vs 2018highest in 5 years
2020: €6.42M▼ -26.4% vs 2019lowest in 5 years
2021: €7.47M▲ +16.3% vs 2020
2022: €6.52M▼ -12.7% vs 2021
Result per fiscal year
Operating resultNet result
The operating result falls in 2022; 2022 is 13% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €25.20M
Fixed assets
€1.80M ▼ 10.5%
Current assets
€23.39M ▲ 33.5%
Equity and liabilities €25.20M
Equity
€22.62M ▲ 40.5%
Provisions
€0 ▼ 100%
Debt
€2.57M ▼ 23.2%
Debt's share of the balance-sheet total falls from 17.2% to 10.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€9.27M▼
2021 · €10.51M
Cash flow
€7.12M▼
2021 · €7.99M
Current ratio
9.10▲
2021 · 5.23
Debt to equity
0.11▼
2021 · 0.21
ROE
28.8%▼
2021 · 46.4%
ROA
25.9%▼
2021 · 38.2%
Interest coverage
125707.32▲
2021 · 3033.80
Debt ≤ 1 year
€2.57M▼
2021 · €3.35M
Income taxes
€2.20M▼
2021 · €2.52M
Staff costs
€2.72M▼
2021 · €2.81M
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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €19.52M | €23.50M | ▲ 20.4% |
| Turnover70 | €21.82M | €22.90M | €18.11M | €19.00M | €23.32M | ▲ 22.7% |
| Other operating income74 | - | - | - | €521k | €188k | ▼ 63.8% |
| Non-recurring operating income76A | - | - | - | €165 | €1k | ▲ 753% |
| Operating charges60/66A | - | - | - | €9.54M | €14.83M | ▲ 55.5% |
| Goods for resale, raw materials and consumables60 | - | - | - | €59k | €55k | ▼ 6.7% |
| Purchases600/8 | - | - | - | €59k | €55k | ▼ 6.7% |
| Services and other goods61 | - | - | - | €6.07M | €11.51M | ▲ 89.7% |
| Remuneration, social security and pensions62 | - | - | - | €2.81M | €2.72M | ▼ 3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €575k | €567k | €565k | €526k | €603k | ▲ 14.8% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €75k | €-75k | ▼ 200% |
| Other operating charges640/8 | - | - | - | €5k | €18k | ▲ 273% |
| Non-recurring operating charges66A | - | - | - | - | €736 | - |
| Operating profit (loss)9901 | €11.24M | €12.42M | €8.59M | €9.99M | €8.67M | ▼ 13.2% |
| Financial income75/76B | - | - | - | - | €51k | - |
| Recurring financial income75 | - | €0 | €3k | - | €51k | - |
| Income from current assets751 | - | - | - | - | €51k | - |
| Financial charges65/66B | - | - | - | €3k | €74 | ▼ 97.9% |
| Recurring financial charges65 | €270 | €2k | €451 | €3k | €74 | ▼ 97.9% |
| Other financial charges652/9 | - | - | - | €3k | €74 | ▼ 97.9% |
| Profit (loss) for the period before taxes9903 | €11.24M | €12.42M | €8.59M | €9.98M | €8.72M | ▼ 12.6% |
| Income taxes67/77 | €3.35M | €3.70M | €2.17M | €2.52M | €2.20M | ▼ 12.4% |
| Taxes670/3 | - | - | - | €2.52M | €2.20M | ▼ 12.4% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €1k | - | - |
| Profit (loss) for the period9904 | €7.89M | €8.72M | €6.42M | €7.47M | €6.52M | ▼ 12.7% |
| Profit (loss) for the period to be appropriated9905 | €7.89M | €8.83M | €6.42M | €7.47M | €6.52M | ▼ 12.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €16.49M | €14.42M | €12.50M | €19.53M | €25.20M | ▲ 29.0% |
| Fixed assets21/28 | €2.25M | €1.89M | €1.55M | €2.01M | €1.80M | ▼ 10.5% |
| Intangible fixed assets21 | €1.50M | €1.13M | €754k | €475k | €358k | ▼ 24.5% |
| Tangible fixed assets22/27 | €735k | €745k | €787k | €1.53M | €1.44M | ▼ 5.9% |
| Land and buildings22 | - | - | - | €48k | €45k | ▼ 4.5% |
| Plant, machinery and equipment23 | - | - | - | €514k | €1.22M | ▲ 137% |
| Furniture and vehicles24 | - | - | - | €39k | €164k | ▲ 323% |
| Other tangible fixed assets26 | - | - | - | €3k | €12k | ▲ 371% |
| Assets under construction and advance payments27 | - | - | - | €926k | - | - |
| Financial fixed assets28 | €10k | €10k | €10k | €10k | €6k | ▼ 35.4% |
| Companies linked by participating interests282/3 | - | - | - | €12 | - | - |
| Participating interests282 | - | - | - | €12 | - | - |
| Other financial fixed assets284/8 | - | - | - | €10k | €6k | ▼ 35.3% |
| Shares284 | - | - | - | €5k | €5k | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €5k | €1k | ▼ 74.1% |
| Current assets29/58 | €14.24M | €12.54M | €10.95M | €17.52M | €23.39M | ▲ 33.5% |
| Amounts receivable within one year40/41 | €14.17M | €12.41M | €10.88M | €17.42M | €23.33M | ▲ 34.0% |
| Trade receivables40 | - | - | - | €6.32M | €5.26M | ▼ 16.8% |
| Other amounts receivable41 | - | - | - | €11.09M | €18.07M | ▲ 62.9% |
| Cash at bank and in hand54/58 | €5k | €2k | €670 | €606 | €3k | ▲ 369% |
| Deferred charges and accrued income490/1 | - | - | - | €103k | €58k | ▼ 44.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €16.49M | €14.42M | €12.50M | €19.53M | €25.20M | ▲ 29.0% |
| Equity10/15 | €1.51M | €2.21M | €8.64M | €16.10M | €22.62M | ▲ 40.5% |
| Contributions10/11 | €929k | €929k | €929k | €929k | €929k | = |
| Capital10 | - | - | - | €929k | €929k | = |
| Issued capital100 | - | - | - | €929k | €929k | = |
| Reserves13 | €201k | €201k | €201k | €201k | €201k | = |
| Non-distributable reserves130/1 | - | - | - | €93k | €93k | = |
| Legal reserve130 | - | - | - | €93k | €93k | = |
| Distributable reserves133 | - | - | - | €109k | €109k | = |
| Profit (loss) carried forward14 | €377k | €1.08M | €7.51M | €14.97M | €21.49M | ▲ 43.5% |
| Provisions and deferred taxes16 | €97k | - | - | €75k | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €75k | - | - |
| Other liabilities and charges164/5 | - | - | - | €75k | - | - |
| Amounts payable17/49 | €14.89M | €12.21M | €3.86M | €3.35M | €2.57M | ▼ 23.2% |
| Amounts payable within one year42/48 | €14.56M | €11.88M | €3.53M | €3.35M | €2.57M | ▼ 23.3% |
| Trade debts44 | €5.17M | €2.78M | €2.52M | €2.42M | €1.99M | ▼ 18.0% |
| Suppliers440/4 | - | - | - | €2.42M | €1.99M | ▼ 18.0% |
| Taxes, remuneration and social security45 | - | - | - | €921k | €576k | ▼ 37.4% |
| Taxes450/3 | - | - | - | €188k | €63k | ▼ 66.7% |
| Remuneration and social security454/9 | - | - | - | €733k | €514k | ▼ 29.9% |
| Other amounts payable47/48 | - | - | - | €6k | €6k | ▲ 1.1% |
| Accrued charges and deferred income492/3 | - | - | - | €4k | €4k | ▲ 7.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7.89M | €8.72M | €6.42M | €7.47M | €6.52M | ▼ 12.7% |
| + Depreciation and write-downs630 | €575k | €567k | €565k | €526k | €603k | ▲ 14.8% |
| Operating cash flow (approximation) | €8.47M | €9.29M | €6.99M | €7.99M | €7.12M | ▼ 10.9% |
| Investment in fixed assets (approximation) | - | €-209k | €-228k | €-988k | €-393k | ▲ 60.2% |
| Change in cash | - | €-3k | €-1k | €-64 | €2k | ▲ 3,562% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2023
24-07
State Gazette act
General meeting · Merger
Accounting effect · Notary
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
26-05
State Gazette act
Merger · Accounting effect
Purpose change · Power of attorney
2022
10-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €10MEq €16.10M ▲86.5%
4 profitable years in a row build equity to €16.10M.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €6.42M ▼26.4%
Net result drops to €6.42M, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 3.10
Current ratio from 1.06 to 3.10; short-term debt falls from €11.88M to €3.53M.
31-12
Financial
Equity above €5MEq €8.64M ▲290%
3 profitable years in a row build equity to €8.64M.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €8.72M ▲10.5%
Operating result €12.42M, net result €8.72M, both a record.
31-12
Financial
Equity above €2MEq €2.21M ▲46.9%
2 profitable years in a row build equity to €2.21M.
Show earlier events
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
26-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
01-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 24 acts read
About the unread acts
We know of 24 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Acquisitions and mergers
1 transactionTaken over by:RTL BELGIUM