CODEMO
InactiveFinancials · financial year 2020, abbreviated format
2020 annual accounts filed 30 days after the deadline Filed on 30 August 2021, deadline 31 July 2021 (7 months after the close on 31 December 2020, Companies Code art. 3:10). Source: NBB, 2021-60500518.
Annual accounts 2020 filed on 30-08-2021 PDF all 34 filings
Turnover
≈ €1.2m
Estimated: probably between €740,000 and €2.1m
Total assets
€378,501▼ 3.6%
2019 · €392,726
Net result
-€34,603
2019 · €3,823
Working capital
-€13,840
2019 · €25,007
Multi-year overview
2018 to 2020, 3 financial yearsOperating result
€12,547
▼ 26.3%
2020
20182020
Net result
-€34,603
2020
20182020
Equity
€8,979
▼ 79.4%
2020
20182020
Total assets
€378,501
▼ 3.6%
2020
20182020
Debt
€369,522
▲ 5.8%
2020
20182020
Working capital
-€13,840
2020
20182020
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020
Operating result-€52,396-€17,028€12,547▼ 26.3%
Net result-€77,474-€3,823-€34,603
Equity€39,758-€43,582▲ 9.6%€8,979▼ 79.4%
Total assets€339,704-€392,726▲ 15.6%€378,501▼ 3.6%
Debt€299,946-€349,144▲ 16.4%€369,522▲ 5.8%
Working capital€28,704-€25,007▼ 12.9%-€13,840
The operating result for 2020 is 26% lower than in 2019.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €378,501
Fixed assets
€23,667 ▲ 18.4%
Current assets
€354,834 ▼ 4.8%
Equity and liabilities €378,501
Equity
€8,979 ▼ 79.4%
Debt
€369,522 ▲ 5.8%
Debt's share of the balance-sheet total rises from 88.9% to 97.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€19,581▼
2019 · €28,854
Cash flow
-€27,569▼
2019 · €15,650
Current ratio
0.96▼
2019 · 1.07
Quick ratio
0.81▲
2019 · 0.46
ROE
-385.4%▼
2019 · 8.8%
ROA
-9.1%▼
2019 · 1.0%
Debt ≤ 1 year
€368,674▲
2019 · €347,725
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,572 | €11,827 | €7,034 | ▼ 40.5% |
| Gross operating margin9900 | €382,421 | €544,964 | €524,429 | ▼ 3.8% |
| Operating profit (loss)9901 | -€52,396 | €17,028 | €12,547 | ▼ 26.3% |
| Recurring financial income75 | €17 | €27 | €316 | ▲ 12× |
| Recurring financial charges65 | €23,701 | €38,147 | €47,566 | ▲ 24.7% |
| Profit (loss) for the period before taxes9903 | -€76,081 | €4,700 | -€34,603 | - |
| Income taxes67/77 | €1,393 | €877 | - | - |
| Profit (loss) for the period9904 | -€77,474 | €3,823 | -€34,603 | - |
| Profit (loss) for the period to be appropriated9905 | -€77,474 | €3,823 | -€34,603 | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €339,704 | €392,726 | €378,501 | ▼ 3.6% |
| Fixed assets21/28 | €20,171 | €19,994 | €23,667 | ▲ 18.4% |
| Tangible fixed assets22/27 | €17,071 | €16,694 | €19,767 | ▲ 18.4% |
| Financial fixed assets28 | €3,100 | €3,300 | €3,900 | ▲ 18.2% |
| Current assets29/58 | €319,533 | €372,732 | €354,834 | ▼ 4.8% |
| Stocks and contracts in progress3 | €99,964 | €212,000 | €55,100 | ▼ 74.0% |
| Amounts receivable within one year40/41 | €131,531 | €18,505 | €18,770 | ▲ 1.4% |
| Cash at bank and in hand54/58 | €86,076 | €139,525 | €63,033 | ▼ 54.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €339,704 | €392,726 | €378,501 | ▼ 3.6% |
| Equity10/15 | €39,758 | €43,582 | €8,979 | ▼ 79.4% |
| Contributions10/11 | €30,987 | €30,987 | €30,987 | = |
| Reserves13 | €75,193 | €75,193 | €75,193 | = |
| Profit (loss) carried forward14 | -€66,422 | -€62,599 | -€97,202 | ▼ 55.3% |
| Amounts payable17/49 | €299,946 | €349,144 | €369,522 | ▲ 5.8% |
| Amounts payable after more than one year17 | €9,117 | €1,419 | - | - |
| Amounts payable within one year42/48 | €290,829 | €347,725 | €368,674 | ▲ 6.0% |
| Trade debts44 | €194,539 | €210,686 | €237,962 | ▲ 12.9% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€77,474 | €3,823 | -€34,603 | - |
| + Depreciation and write-downs630 | €24,572 | €11,827 | €7,034 | ▼ 40.5% |
| Operating cash flow (approximation) | -€52,902 | €15,650 | -€27,569 | - |
| Investment in fixed assets (approximation) | - | -€11,649 | -€10,708 | ▲ 8.1% |
| Change in cash | - | €53,448 | -€76,491 | - |
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 34 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2020 | abbreviated format | 30-08-2021 | 2021-60500518 | |
| 31-12-2019 | abbreviated format | 07-10-2020 | 2020-59500596 | |
| 31-12-2018 | abbreviated format | 16-09-2019 | 2019-64400293 | |
| 31-12-2017 | abbreviated format | 17-09-2018 | 2018-63100548 | |
| 31-12-2016 | abbreviated format | 28-08-2017 | 2017-48900001 | |
| 31-12-2015 | abbreviated format | 29-08-2016 | 2016-50400491 | |
| 31-12-2014 | abbreviated format | 24-08-2015 | 2015-45400447 | |
| 31-12-2013 | abbreviated format | 21-07-2014 | 2014-33200362 | |
| 31-12-2012 | abbreviated format | 17-07-2013 | 2013-31700530 | |
| 31-12-2011 | abbreviated format | 21-07-2012 | 2012-32300339 |