CODE D'OR
InactiveFinancials · financial year 2023, abbreviated format
Equity
-€408,270▼ 287%
2022 · -€105,575
Total assets
€780,867▲ 4.9%
2022 · €744,272
Net result
-€302,695▲ 21.2%
2022 · -€383,937
Working capital
-€432,305▼ 321%
2022 · -€102,640
Trend over the years
2019 to 2023, 5 financial years 2019 to 2023, 5 financial years
The operating result stays negative: a loss of €298,823 in 2023 against €380,959 in 2022; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.3m
2023
Net result-€0.3m
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.8m
2023
Equity-€0.4m
2023
Debt€1.2m
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.4m
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)14.1
2023
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Operating result€0.01m-€0.1m▲ 712%€0.2m▲ 44.4%-€0.4m-€0.3m▲ 21.6%
Net result€0.007m-€0.06m▲ 811%€0.1m▲ 65.8%-€0.4m-€0.3m▲ 21.2%
Equity€0.2m-€0.3m▲ 30.1%€0.3m=-€0.1m-€0.4m▼ 287%
Total assets€0.5m-€0.6m▲ 23.7%€0.8m▲ 33.7%€0.7m▼ 10.4%€0.8m▲ 4.9%
Debt€0.3m-€0.3m▲ 19.0%€0.6m▲ 61.0%€0.8m▲ 53.9%€1.2m▲ 39.9%
Working capital€0.02m-€0.2m▲ 628%€0.2m▲ 40.9%-€0.1m-€0.4m▼ 321%
Staff (FTE)20.4-18.9▼ 7.4%22.4▲ 18.5%19.9▼ 11.2%14.1▼ 29.1%
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €780,867
Fixed assets
€24,036 ▼ 46.4%
Current assets
€756,831 ▲ 8.2%
Equity and liabilities
Equity-€408,270
Debt€1.2m
Equity is negative: debt (€1.2m) exceeds the balance-sheet total (€780,867).
Key figures and ratios
EBITDA
-€275,533▲
2022 · -€350,601
Cash flow
-€279,404▲
2022 · -€353,579
Solvency
-52.3%▼
2022 · -14.2%
Current ratio
0.64▼
2022 · 0.87
Quick ratio
0.57▼
2022 · 0.87
ROA
-38.8%▲
2022 · -51.6%
Interest coverage
-96.81▲
2022 · -216.96
Debt ≤ 1 year
€1.2m▲
2022 · €802,106
Income taxes
€1,035▼
2022 · €1,617
Staff costs
€824,746▼
2022 · €1.4m
No debt to equity: equity is negative, so debt divided by equity means nothing.
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €0.01m | €0.01m | €0.009m | ▼ 10.4% |
| Remuneration, social security and pensions62 | - | - | €1.1m | €1.4m | €0.8m | ▼ 40.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.09m | €0.09m | €0.03m | €0.02m | ▼ 23.3% |
| Other operating charges640/8 | - | - | €0.002m | €0.005m | €0.003m | ▼ 49.1% |
| Non-recurring operating charges66A | - | - | - | €0.04m | - | - |
| Gross operating margin9900 | €1.1m | €1.1m | €1.4m | €1.1m | €0.6m | ▼ 48.9% |
| Operating profit (loss)9901 | €0.01m | €0.1m | €0.2m | -€0.4m | -€0.3m | ▲ 21.6% |
| Financial income75/76B | - | - | €0.001m | €256 | €9 | ▼ 96.4% |
| Recurring financial income75 | €0.001m | €0.001m | €0.001m | €256 | €9 | ▼ 96.4% |
| Financial charges65/66B | - | - | €0.001m | €0.002m | €0.003m | ▲ 76.1% |
| Recurring financial charges65 | €0.003m | €0.002m | €0.001m | €0.002m | €0.003m | ▲ 76.1% |
| Profit (loss) for the period before taxes9903 | €0.01m | €0.1m | €0.2m | -€0.4m | -€0.3m | ▲ 21.1% |
| Income taxes67/77 | €0.004m | €0.04m | €0.05m | €0.002m | €0.001m | ▼ 36.0% |
| Profit (loss) for the period9904 | €0.007m | €0.06m | €0.1m | -€0.4m | -€0.3m | ▲ 21.2% |
| Profit (loss) for the period to be appropriated9905 | €0.007m | €0.06m | €0.1m | -€0.4m | -€0.3m | ▲ 21.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.5m | €0.6m | €0.8m | €0.7m | €0.8m | ▲ 4.9% |
| Fixed assets21/28 | €0.2m | €0.1m | €0.07m | €0.04m | €0.02m | ▼ 46.4% |
| Intangible fixed assets21 | €0.1m | €0.05m | - | - | - | - |
| Tangible fixed assets22/27 | €0.1m | €0.09m | €0.07m | €0.04m | €0.02m | ▼ 46.4% |
| Furniture and vehicles24 | - | - | €0.04m | €0.04m | €0.02m | ▼ 46.4% |
| Other tangible fixed assets26 | - | - | €0.03m | - | - | - |
| Financial fixed assets28 | €0.003m | €0.003m | - | - | - | - |
| Current assets29/58 | €0.3m | €0.5m | €0.8m | €0.7m | €0.8m | ▲ 8.2% |
| Stocks and contracts in progress3 | - | - | - | - | €0.08m | - |
| Contracts in progress37 | - | - | - | - | €0.08m | - |
| Amounts receivable within one year40/41 | €0.2m | €0.3m | €0.4m | €0.4m | €0.4m | ▲ 0.8% |
| Trade receivables40 | - | - | €0.4m | €0.3m | €0.4m | ▲ 16.5% |
| Other amounts receivable41 | - | - | - | €0.08m | €0.03m | ▼ 66.0% |
| Cash at bank and in hand54/58 | €0.06m | €0.2m | €0.4m | €0.3m | €0.3m | ▼ 7.7% |
| Deferred charges and accrued income490/1 | - | - | €0.004m | €0.006m | €0.001m | ▼ 79.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.5m | €0.6m | €0.8m | €0.7m | €0.8m | ▲ 4.9% |
| Equity10/15 | €0.2m | €0.3m | €0.3m | -€0.1m | -€0.4m | ▼ 287% |
| Contributions10/11 | €0.02m | - | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.1m | €0.3m | €0.3m | €0.002m | €0.002m | = |
| Non-distributable reserves130/1 | - | - | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | €0.002m | €0.002m | €0.002m | = |
| Distributable reserves133 | - | - | €0.3m | - | - | - |
| Profit (loss) carried forward14 | €0.1m | €0 | - | -€0.1m | -€0.4m | ▼ 240% |
| Amounts payable17/49 | €0.3m | €0.3m | €0.6m | €0.8m | €1.2m | ▲ 39.9% |
| Amounts payable after more than one year17 | €0.03m | €0.02m | €0.003m | - | - | - |
| Financial debts170/4 | - | - | €0.003m | - | - | - |
| Amounts payable within one year42/48 | €0.3m | €0.3m | €0.5m | €0.8m | €1.2m | ▲ 48.3% |
| Current portion of amounts payable after more than one year42 | - | - | €0.01m | €0.001m | - | - |
| Financial debts43 | - | - | - | €0.05m | €0.06m | ▲ 7.3% |
| Credit institutions430/8 | - | - | - | €0.05m | €0.06m | ▲ 7.3% |
| Trade debts44 | €0.04m | €0.06m | €0.1m | €0.2m | €0.08m | ▼ 63.5% |
| Suppliers440/4 | - | - | €0.1m | €0.2m | €0.08m | ▼ 63.5% |
| Advances received on contracts in progress46 | - | - | - | - | €0.2m | - |
| Taxes, remuneration and social security45 | - | - | €0.3m | €0.2m | €0.2m | ▲ 27.2% |
| Taxes450/3 | - | - | €0.03m | €0.03m | €0.09m | ▲ 271% |
| Remuneration and social security454/9 | - | - | €0.2m | €0.1m | €0.1m | ▼ 14.0% |
| Other amounts payable47/48 | - | - | €0.1m | €0.3m | €0.6m | ▲ 71.6% |
| Accrued charges and deferred income492/3 | - | - | €0.006m | €0.05m | €0 | ▼ 100% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,065 | €64,351 | €106,687 | -€383,937 | -€302,695 | ▲ 21.2% |
| + Depreciation and write-downs630 | €96,938 | €86,878 | €85,337 | €30,358 | €23,290 | ▼ 23.3% |
| Operating cash flow (approximation) | €104,003 | €151,229 | €192,024 | -€353,579 | -€279,404 | ▲ 21.0% |
| Investment in fixed assets (approximation) | - | -€6,127 | -€12,181 | -€7,381 | -€2,520 | ▲ 65.9% |
| Change in cash | - | €154,529 | €163,322 | -€96,684 | -€21,683 | ▲ 77.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | abbreviated format | 18-07-2024 | 2024-00264344 |
| 31-12-2022 | abbreviated format | 27-07-2023 | 2023-00299555 |
| 30-09-2021 | abbreviated format | 05-04-2022 | 2022-20000426 |
| 30-09-2020 | abbreviated format | 12-04-2021 | 2021-10200017 |
| 30-09-2019 | abbreviated format | 27-03-2020 | 2020-07700140 |
| 30-09-2018 | abbreviated format | 18-12-2018 | 2018-74900455 |
| 30-09-2017 | abbreviated format | 23-03-2018 | 2018-07800194 |
| 30-09-2016 | abbreviated format | 17-03-2017 | 2017-06800152 |
| 30-09-2015 | abbreviated format | 30-03-2016 | 2016-08200178 |
| 30-09-2014 | abbreviated format | 31-03-2015 | 2015-08900501 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.