CODEIS
InactiveFinancials · financial year 2022, full format
Turnover
€1.5m
EBIT margin
5.7%
Net result
€1,406
2021 · -€49,946
Working capital
-€108,708▲ 12.8%
2021 · -€124,615
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result returns to profit in 2022: €13,462 after a loss of €42,153 in 2021.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.01m
2022
Net result€0.001m
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.5m
2022
Equity-€0.09m
2022
Debt€0.6m
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.1m
2022
Average staff in full-time equivalents (FTE).
Staff (FTE)7.3
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Turnover€1.5m-
Operating result€0.09m--€0.09m-€0.09m▼ 2.3%-€0.04m▲ 53.3%€0.01m
Net result€0.05m--€0.1m-€0.1m▼ 1.2%-€0.05m▲ 48.1%€0.001m
EBIT margin5.7%-
Equity€0.2m-€0.06m▼ 62.0%-€0.04m-€0.09m▼ 132%-€0.09m▲ 1.6%
Total assets€0.3m-€0.4m▲ 42.2%€0.3m▼ 26.5%€0.4m▲ 8.0%€0.5m▲ 32.6%
Debt€0.2m-€0.4m▲ 143%€0.4m▼ 7.0%€0.4m▲ 22.7%€0.6m▲ 25.8%
Working capital€0.04m--€0.2m-€0.1m▲ 33.0%-€0.1m▼ 14.6%-€0.1m▲ 12.8%
Staff (FTE)4.2-4.5▲ 7.1%4.7▲ 4.4%6.2▲ 31.9%7.3▲ 17.7%
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €467,296
Fixed assets
€202,713 ▲ 8.0%
Current assets
€264,583 ▲ 60.6%
Equity and liabilities
Equity-€86,377
Debt€553,673
Equity is negative: debt (€553,673) exceeds the balance-sheet total (€467,296).
Key figures and ratios
EBITDA
€85,142▲
2021 · €22,732
Cash flow
€73,086▲
2021 · €14,939
Solvency
-18.5%▲
2021 · -24.9%
Current ratio
0.71▲
2021 · 0.57
Quick ratio
0.60▲
2021 · 0.45
ROA
0.3%▲
2021 · -14.2%
Interest coverage
6.19▲
2021 · 2.77
Debt ≤ 1 year
€373,291▲
2021 · €289,369
Debt > 1 year
€180,382▲
2021 · €150,883
Staff costs
€251,573▲
2021 · €166,818
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 | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €1.5m | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | €0.2m | - | €0.2m | €0.3m | ▲ 50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.04m | €0.07m | €0.07m | €0.06m | €0.07m | ▲ 10.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.01m | €0 | ▼ 100% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€0.02m | - | - | - | - |
| Other operating charges640/8 | - | €0.01m | - | €0.009m | €0.009m | ▼ 3.2% |
| Non-recurring operating charges66A | - | €0.03m | - | €0.004m | - | - |
| Gross operating margin9900 | €0.3m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 61.9% |
| Operating profit (loss)9901 | €0.09m | -€0.09m | -€0.09m | -€0.04m | €0.01m | - |
| Financial income75/76B | - | €0.001m | - | €419 | €0.002m | ▲ 306% |
| Recurring financial income75 | €21 | €0.001m | €212 | €419 | €0.002m | ▲ 306% |
| Financial charges65/66B | - | €0.008m | - | €0.008m | €0.01m | ▲ 67.5% |
| Recurring financial charges65 | €0.007m | €0.007m | €0.008m | €0.008m | €0.01m | ▲ 67.5% |
| Non-recurring financial charges66B | - | €219 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €0.08m | -€0.1m | -€0.1m | -€0.05m | €0.001m | - |
| Income taxes67/77 | €0.02m | - | -€0.002m | - | - | - |
| Profit (loss) for the period9904 | €0.05m | -€0.1m | -€0.1m | -€0.05m | €0.001m | - |
| Profit (loss) for the period to be appropriated9905 | €0.05m | -€0.1m | -€0.1m | -€0.05m | €0.001m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €312,488 | €444,327 | €326,373 | €352,469 | €467,296 | ▲ 32.6% |
| Fixed assets21/28 | €177,977 | €275,232 | €233,293 | €187,715 | €202,713 | ▲ 8.0% |
| Intangible fixed assets21 | - | €121,600 | €91,200 | €68,259 | €45,317 | ▼ 33.6% |
| Tangible fixed assets22/27 | €177,977 | €153,632 | €142,093 | €119,456 | €157,396 | ▲ 31.8% |
| Plant, machinery and equipment23 | - | €137,651 | - | €97,894 | €82,192 | ▼ 16.0% |
| Furniture and vehicles24 | - | €3,118 | - | €7,655 | €4,279 | ▼ 44.1% |
| Leasing and similar rights25 | - | - | - | - | €59,826 | - |
| Other tangible fixed assets26 | - | €12,863 | - | €13,907 | €11,099 | ▼ 20.2% |
| Current assets29/58 | €134,511 | €169,095 | €93,080 | €164,754 | €264,583 | ▲ 60.6% |
| Stocks and contracts in progress3 | €30,740 | €36,023 | €31,794 | €35,462 | €39,214 | ▲ 10.6% |
| Stocks30/36 | - | €36,023 | - | €35,462 | €39,214 | ▲ 10.6% |
| Amounts receivable within one year40/41 | €3,598 | €77,181 | €26,481 | €41,368 | €97,311 | ▲ 135% |
| Trade receivables40 | - | €13,746 | - | €26,886 | €97,311 | ▲ 262% |
| Other amounts receivable41 | - | €63,435 | - | €14,482 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €99,065 | €50,841 | €34,538 | €80,030 | €124,133 | ▲ 55.1% |
| Deferred charges and accrued income490/1 | - | €5,050 | - | €7,894 | €3,925 | ▼ 50.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €312,488 | €444,327 | €326,373 | €352,469 | €467,296 | ▲ 32.6% |
| Equity10/15 | €153,383 | €58,356 | -€37,837 | -€87,783 | -€86,377 | ▲ 1.6% |
| Contributions10/11 | €6,758 | €6,758 | - | €6,758 | €6,758 | = |
| Capital10 | - | €6,758 | - | - | - | - |
| Issued capital100 | - | €18,600 | - | - | - | - |
| Uncalled capital101 | - | €11,842 | - | - | - | - |
| Reserves13 | €41,627 | €41,627 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €39,767 | - | - | - | - |
| Profit (loss) carried forward14 | €104,998 | €9,971 | -€46,455 | -€96,401 | -€94,995 | ▲ 1.5% |
| Provisions and deferred taxes16 | - | - | €5,322 | - | - | - |
| Amounts payable17/49 | €159,105 | €385,971 | €358,888 | €440,252 | €553,673 | ▲ 25.8% |
| Amounts payable after more than one year17 | €65,408 | €54,738 | €156,709 | €150,883 | €180,382 | ▲ 19.6% |
| Financial debts170/4 | - | €54,738 | - | €35,853 | €65,352 | ▲ 82.3% |
| Other amounts payable178/9 | - | - | - | €115,030 | €115,030 | = |
| Amounts payable within one year42/48 | €93,368 | €331,233 | €201,787 | €289,369 | €373,291 | ▲ 29.0% |
| Current portion of amounts payable after more than one year42 | - | €10,669 | - | €8,026 | €22,226 | ▲ 177% |
| Trade debts44 | €81,110 | €150,875 | €173,955 | €227,012 | €247,263 | ▲ 8.9% |
| Suppliers440/4 | - | €150,875 | - | €227,012 | €247,263 | ▲ 8.9% |
| Taxes, remuneration and social security45 | - | €9,678 | - | €23,567 | €41,938 | ▲ 78.0% |
| Taxes450/3 | - | €7 | - | €1,014 | €2,924 | ▲ 188% |
| Remuneration and social security454/9 | - | €9,671 | - | €22,553 | €39,014 | ▲ 73.0% |
| Other amounts payable47/48 | - | €160,011 | - | €30,764 | €61,864 | ▲ 101% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54,891 | -€95,027 | -€96,193 | -€49,946 | €1,406 | - |
| + Depreciation and write-downs630 | €44,610 | €68,840 | €74,032 | €64,885 | €71,680 | ▲ 10.5% |
| Operating cash flow (approximation) | €99,501 | -€26,187 | -€22,161 | €14,939 | €73,086 | ▲ 389% |
| Investment in fixed assets (approximation) | - | -€166,095 | -€32,093 | -€19,307 | -€86,678 | ▼ 349% |
| Change in cash | - | -€48,224 | -€16,303 | €45,492 | €44,103 | ▼ 3.1% |
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 14 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | full format | 26-07-2023 | 2023-00280581 |
| 31-12-2021 | full format | 31-08-2022 | 2022-20415170 |
| 31-12-2020 | full format | 09-09-2021 | 2021-66800409 |
| 31-12-2019 | full format | 28-09-2020 | 2020-58100584 |
| 31-12-2018 | full format | 28-08-2019 | 2019-53800534 |
| 31-12-2017 | full format | 30-08-2018 | 2018-56300193 |
| 31-12-2016 | micro format | 27-07-2017 | 2017-39700437 |
| 31-12-2015 | full format | 26-07-2016 | 2016-37000286 |
| 31-12-2014 | full format | 29-07-2015 | 2015-37400041 |
| 31-12-2013 | full format | 28-06-2014 | 2014-24100336 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.