COCOON SERVICES
InactiveFinancials · financial year 2023, full format
Annual accounts 2023 filed on 29-01-2024 PDF all 14 filings
Turnover
€945,621
EBIT margin
-1.3%
Net result
-€20,761▲ 71.6%
2022 · -€73,156
Working capital
-€30,757▲ 65.4%
2022 · -€88,848
Multi-year overview
2019 to 2023, 5 financial yearsTurnover
no figure
2023
20192023
Operating result
-€14,213
▲ 79.5%
2023
20192023
Net result
-€20,761
▲ 71.6%
2023
20192023
EBIT margin
no figure
2023
20192023
Equity
-€39,252
▼ 112%
2023
20192023
Total assets
€147,994
▼ 39.6%
2023
20192023
Debt
€187,246
▼ 28.9%
2023
20192023
Working capital
-€30,757
▲ 65.4%
2023
20192023
Staff (FTE)
27.7
▼ 44.0%
2023
20192023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Turnover€945,621
Operating result€10,016--€412-€12,542▼ 2,945%-€69,420▼ 454%-€14,213▲ 79.5%
Net result€3,445--€8,945-€18,374▼ 105%-€73,156▼ 298%-€20,761▲ 71.6%
EBIT margin-1.3%
Equity€81,984-€73,039▼ 10.9%€54,665▼ 25.2%-€18,492-€39,252▼ 112%
Total assets€409,238-€348,333▼ 14.9%€354,522▲ 1.8%€244,941▼ 30.9%€147,994▼ 39.6%
Debt€327,254-€275,294▼ 15.9%€299,858▲ 8.9%€263,432▼ 12.1%€187,246▼ 28.9%
Working capital-€4,830-€237-€33,840-€88,848▼ 163%-€30,757▲ 65.4%
Staff (FTE)56.9-54.9▼ 3.5%52.9▼ 3.6%49.5▼ 6.4%27.7▼ 44.0%
The operating result for 2023 is a loss of €14,213, smaller than the loss of €69,420 in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €147,994
Fixed assets
€1,630 ▼ 98.4%
Current assets
€146,365 ▲ 1.3%
Equity and liabilities
Equity-€39,252
Debt€187,246
Equity is negative. Debt (€187,246) exceeds the balance-sheet total (€147,994).
Key figures and ratios
EBITDA
-€13,268▲
2022 · -€63,308
Cash flow
-€19,816▲
2022 · -€67,043
Solvency
-26.5%▼
2022 · -7.5%
Current ratio
0.83▲
2022 · 0.62
ROA
-14.0%▲
2022 · -29.9%
Interest coverage
-2.04▲
2022 · -16.13
Debt ≤ 1 year
€177,121▼
2022 · €233,333
Debt > 1 year
€0▼
2022 · €30,100
Income taxes
€46▲
2022 · €3
Staff costs
€337,326▼
2022 · €851,291
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-06-2022 | 30-06-2023 |
|---|---|---|
| Employees at the balance-sheet date | 57 | 20 |
| full-time | 10 | 2 |
| part-time | 47 | 18 |
| in full-time equivalents | 46 | 15.6 |
| Average over the year, in full-time equivalents | 49.5 | 27.7 |
| On a permanent contract | 57 | 20 |
| Joined | 0 | 1 |
| Left | 8 | 37 |
Source: social balance sheet in the 2022 to 2023 annual accounts
Investments
| Item | 30-06-2022 | 30-06-2023 |
|---|---|---|
| Tangible fixed assets | €1,134 | - |
| Depreciation and write-downs of the year | €6,113 | €945 |
Source: notes to the 2022 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €0.9m | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.9m | €0.3m | ▼ 60.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.02m | €0.02m | €0.01m | €0.006m | €0.001m | ▼ 84.5% |
| Other operating charges640/8 | - | - | - | €0.02m | €0.003m | ▼ 87.1% |
| Gross operating margin9900 | €1.2m | €0.9m | - | €0.8m | €0.3m | ▼ 59.7% |
| Operating profit (loss)9901 | €0.01m | -€412 | -€0.01m | -€0.07m | -€0.01m | ▲ 79.5% |
| Financial income75/76B | - | - | - | €193 | €6 | ▼ 96.7% |
| Recurring financial income75 | €0.001m | €41 | €95 | €193 | €6 | ▼ 96.7% |
| Financial charges65/66B | - | - | - | €0.004m | €0.007m | ▲ 65.8% |
| Recurring financial charges65 | €0.006m | €0.008m | €0.006m | €0.004m | €0.007m | ▲ 65.8% |
| Debt charges650 | - | - | €0.005m | - | - | - |
| Profit (loss) for the period before taxes9903 | €0.005m | -€0.009m | -€0.02m | -€0.07m | -€0.02m | ▲ 71.7% |
| Income taxes67/77 | €0.001m | €99 | €46 | €3 | €46 | ▲ 15× |
| Profit (loss) for the period9904 | €0.003m | -€0.009m | -€0.02m | -€0.07m | -€0.02m | ▲ 71.6% |
| Profit (loss) for the period to be appropriated9905 | €0.003m | -€0.009m | -€0.02m | -€0.07m | -€0.02m | ▲ 71.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €409,238 | €348,333 | €354,522 | €244,941 | €147,994 | ▼ 39.6% |
| Fixed assets21/28 | €194,780 | €181,177 | €166,526 | €100,456 | €1,630 | ▼ 98.4% |
| Tangible fixed assets22/27 | €194,607 | €181,004 | €166,352 | €100,283 | €1,457 | ▼ 98.5% |
| Land and buildings22 | - | - | - | €97,882 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | €2,401 | €1,457 | ▼ 39.3% |
| Financial fixed assets28 | €173 | €173 | €173 | €173 | €173 | = |
| Current assets29/58 | €214,458 | €167,155 | €187,997 | €144,485 | €146,365 | ▲ 1.3% |
| Amounts receivable within one year40/41 | €75,818 | €61,806 | €61,844 | €36 | €21,751 | ▲ 600× |
| Trade receivables40 | - | - | - | €36 | €5,313 | ▲ 147× |
| Other amounts receivable41 | - | - | - | - | €16,437 | - |
| Cash at bank and in hand54/58 | €134,257 | €100,676 | €118,885 | €73,651 | €117,537 | ▲ 59.6% |
| Deferred charges and accrued income490/1 | - | - | - | €70,798 | €7,077 | ▼ 90.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €409,238 | €348,333 | €354,522 | €244,941 | €147,994 | ▼ 39.6% |
| Equity10/15 | €81,984 | €73,039 | €54,665 | -€18,492 | -€39,252 | ▼ 112% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €73,924 | €64,979 | €46,605 | -€26,552 | -€47,312 | ▼ 78.2% |
| Amounts payable17/49 | €327,254 | €275,294 | €299,858 | €263,432 | €187,246 | ▼ 28.9% |
| Amounts payable after more than one year17 | €107,966 | €108,376 | €78,021 | €30,100 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | €30,100 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €219,288 | €166,918 | €221,836 | €233,333 | €177,121 | ▼ 24.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €98,255 | €0 | ▼ 100% |
| Financial debts43 | - | - | - | - | €43,362 | - |
| Credit institutions430/8 | - | - | - | - | €43,362 | - |
| Trade debts44 | €24,743 | €38,936 | €15,260 | €29,531 | €62,267 | ▲ 111% |
| Suppliers440/4 | - | - | - | €29,531 | €62,267 | ▲ 111% |
| Taxes, remuneration and social security45 | - | - | - | €102,918 | €714 | ▼ 99.3% |
| Taxes450/3 | - | - | - | €921 | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | - | - | €101,997 | €714 | ▼ 99.3% |
| Other amounts payable47/48 | - | - | - | €2,628 | €70,778 | ▲ 27× |
| Accrued charges and deferred income492/3 | - | - | - | - | €10,125 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,445 | -€8,945 | -€18,374 | -€73,156 | -€20,761 | ▲ 71.6% |
| + Depreciation and write-downs630 | €16,686 | €17,094 | €14,652 | €6,113 | €945 | ▼ 84.5% |
| Operating cash flow (approximation) | €20,131 | €8,148 | -€3,722 | -€67,043 | -€19,816 | ▲ 70.4% |
| Investment in fixed assets (approximation) | - | -€3,491 | €0 | €59,957 | €97,882 | ▲ 63.3% |
| Change in cash | - | -€33,581 | €18,209 | -€45,235 | €43,886 | - |
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 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2023 | full format | 29-01-2024 | 2024-00013856 | |
| 30-06-2022 | full format | 16-12-2022 | 2022-20544424 | |
| 30-06-2021 | unclassified schema | 31-01-2022 | 2022-04000530 | |
| 30-06-2020 | full format | 12-11-2020 | 2020-70200089 | |
| 30-06-2019 | full format | 03-01-2020 | 2020-00200447 | |
| 30-06-2018 | full format | 15-01-2019 | 2019-01400305 | |
| 30-06-2017 | micro format | 29-12-2017 | 2017-73700368 | |
| 30-06-2016 | full format | 16-01-2017 | 2017-01500411 | |
| 30-06-2015 | full format | 29-01-2016 | 2016-03700362 | |
| 30-06-2014 | full format | 12-01-2015 | 2015-01000105 |