COETS ENGINEERING
Open bankruptcyFinancials · financial year 2020, micro format
2020 annual accounts filed 89 days after the deadline Filed on 28 October 2021, deadline 31 July 2021 (7 months after the close on 31 December 2020, Companies Code art. 3:10). Source: NBB, 2021-75100008.
Annual accounts 2020 filed on 28-10-2021 PDF all 4 filings
Turnover
€95,130
EBIT margin
-27.3%
Net result
€11,145▼ 46.2%
2019 · €20,708
Working capital
€29,187▲ 223%
2019 · €9,042
Multi-year overview
2018 to 2020, 3 financial yearsTurnover
no figure
2020
20182020
Operating result
€11,340
▼ 43.8%
2020
20182020
Net result
€11,145
▼ 46.2%
2020
20182020
EBIT margin
no figure
2020
20182020
Equity
€2,187
2020
20182020
Total assets
€97,078
▼ 39.7%
2020
20182020
Debt
€94,891
▼ 44.1%
2020
20182020
Working capital
€29,187
▲ 223%
2020
20182020
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020
Turnover€95,130-
Operating result-€26,012-€20,189€11,340▼ 43.8%
Net result-€26,492-€20,708€11,145▼ 46.2%
EBIT margin-27.3%-
Equity-€29,666--€8,958▲ 69.8%€2,187
Total assets€49,206-€160,928▲ 227%€97,078▼ 39.7%
Debt€78,872-€169,887▲ 115%€94,891▼ 44.1%
Working capital-€39,496-€9,042€29,187▲ 223%
The operating result for 2020 is 44% lower than in 2019.
Balance-sheet composition
Equity and liabilities €97,078
Equity
€2,187
Debt
€94,891
Debt's share of the balance-sheet total is 97.7%.
Key figures and ratios
Current ratio
1.43▲
2019 · 1.06
ROE
509.7%
ROA
11.5%▼
2019 · 12.9%
Debt ≤ 1 year
€67,891▼
2019 · €151,887
Income taxes
€433
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 |
|---|---|---|---|---|
| Turnover70 | €95,130 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €170 | - | - | - |
| Gross operating margin9900 | €26,571 | €68,821 | €35,968 | ▼ 47.7% |
| Operating profit (loss)9901 | -€26,012 | €20,189 | €11,340 | ▼ 43.8% |
| Recurring financial income75 | - | €846 | €1,039 | ▲ 22.8% |
| Recurring financial charges65 | €22 | €327 | €800 | ▲ 144% |
| Profit (loss) for the period before taxes9903 | -€26,034 | €20,708 | €11,578 | ▼ 44.1% |
| Income taxes67/77 | €459 | - | €433 | - |
| Profit (loss) for the period9904 | -€26,492 | €20,708 | €11,145 | ▼ 46.2% |
| Profit (loss) for the period to be appropriated9905 | -€26,492 | €20,708 | €11,145 | ▼ 46.2% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €49,206 | €160,928 | €97,078 | ▼ 39.7% |
| Fixed assets21/28 | €9,830 | - | - | - |
| Tangible fixed assets22/27 | €9,830 | - | - | - |
| Current assets29/58 | €39,376 | €160,928 | €97,078 | ▼ 39.7% |
| Amounts receivable within one year40/41 | €39,323 | €35,343 | €5,575 | ▼ 84.2% |
| Cash at bank and in hand54/58 | €53 | €4,086 | €3 | ▼ 99.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €49,206 | €160,928 | €97,078 | ▼ 39.7% |
| Equity10/15 | -€29,666 | -€8,958 | €2,187 | - |
| Contributions10/11 | €18,600 | €18,600 | - | - |
| Profit (loss) carried forward14 | -€48,266 | -€27,558 | -€16,414 | ▲ 40.4% |
| Amounts payable17/49 | €78,872 | €169,887 | €94,891 | ▼ 44.1% |
| Amounts payable within one year42/48 | €78,872 | €151,887 | €67,891 | ▼ 55.3% |
| Trade debts44 | €60,021 | €55,787 | €37,308 | ▼ 33.1% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€26,492 | €20,708 | €11,145 | ▼ 46.2% |
| + Depreciation and write-downs630 | €170 | - | - | - |
| Operating cash flow (approximation) | -€26,322 | €20,708 | €11,145 | ▼ 46.2% |
| Change in cash | - | €4,033 | -€4,083 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.