COFCOM
InactiveFinancials · financial year 2022, micro format
Equity
€41,332▲ 87.0%
2021 · €22,108
Total assets
€220,842▲ 3.7%
2021 · €212,920
Net result
€19,224
2021 · -€16,010
Working capital
€6,171
2021 · -€15,397
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result returns to profit in 2022: €23,715 after a loss of €15,588 in 2021.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€23,715
2022
Net result€19,224
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€220,842
2022
Equity€41,332
2022
Debt€179,510
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€6,171
2022
Average staff in full-time equivalents (FTE).
Staff (FTE)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
Operating result€908-€62,785▲ 69×€2,195▼ 96.5%-€15,588€23,715
Net result-€3,546-€37,636€1,277▼ 96.6%-€16,010€19,224
Equity-€796-€36,840€38,117▲ 3.5%€22,108▼ 42.0%€41,332▲ 87.0%
Total assets€261,116-€218,841▼ 16.2%€122,013▼ 44.2%€212,920▲ 74.5%€220,842▲ 3.7%
Debt€261,912-€182,001▼ 30.5%€83,896▼ 53.9%€190,812▲ 127%€179,510▼ 5.9%
Working capital-€54,902-€9,419€26,441▲ 181%-€15,397€6,171
Staff (FTE)4.8-3▼ 37.5%2▼ 33.3%2.9▲ 45.0%3▲ 3.4%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €220,842
Fixed assets
€40,958 ▼ 15.7%
Current assets
€179,885 ▲ 9.5%
Equity and liabilities €220,842
Equity
€41,332 ▲ 87.0%
Debt
€179,510 ▼ 5.9%
Debt's share of the balance-sheet total falls from 89.6% to 81.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€35,198▲
2021 · -€7,492
Cash flow
€30,707▲
2021 · -€7,914
Current ratio
1.04▲
2021 · 0.91
Quick ratio
0.29▼
2021 · 0.31
Debt to equity
4.34▼
2021 · 8.63
ROE
46.5%▲
2021 · -72.4%
ROA
8.7%▲
2021 · -7.5%
Interest coverage
over 100▲
2021 · -28.18
Debt ≤ 1 year
€173,714▼
2021 · €179,728
Debt > 1 year
€5,797▼
2021 · €11,084
Income taxes
€4,243▲
2021 · €195
Staff costs
€166,606▲
2021 · €88,073
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €794 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €88,073 | €166,606 | ▲ 89.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34,278 | €28,331 | €14,493 | €8,096 | €11,483 | ▲ 41.8% |
| Other operating charges640/8 | - | - | - | €4,514 | €1,667 | ▼ 63.1% |
| Non-recurring operating charges66A | - | - | - | €106 | €845 | ▲ 697% |
| Gross operating margin9900 | €295,739 | €273,154 | €89,725 | €85,200 | €204,317 | ▲ 140% |
| Operating profit (loss)9901 | €908 | €62,785 | €2,195 | -€15,588 | €23,715 | - |
| Financial income75/76B | - | - | - | €39 | €17 | ▼ 57.4% |
| Recurring financial income75 | €0 | €1,374 | €13 | €39 | €17 | ▼ 57.4% |
| Financial charges65/66B | - | - | - | €266 | €265 | ▼ 0.5% |
| Recurring financial charges65 | €883 | €468 | €273 | €266 | €265 | ▼ 0.5% |
| Profit (loss) for the period before taxes9903 | €25 | €63,691 | €1,935 | -€15,815 | €23,467 | - |
| Income taxes67/77 | €3,571 | €26,055 | €658 | €195 | €4,243 | ▲ 22× |
| Profit (loss) for the period9904 | -€3,546 | €37,636 | €1,277 | -€16,010 | €19,224 | - |
| Profit (loss) for the period to be appropriated9905 | -€3,546 | €37,524 | €1,277 | -€16,010 | €19,224 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €261,116 | €218,841 | €122,013 | €212,920 | €220,842 | ▲ 3.7% |
| Fixed assets21/28 | €66,324 | €27,421 | €11,676 | €48,589 | €40,958 | ▼ 15.7% |
| Tangible fixed assets22/27 | €66,324 | €27,421 | €11,676 | €48,589 | €40,958 | ▼ 15.7% |
| Plant, machinery and equipment23 | - | - | - | €11,201 | €11,625 | ▲ 3.8% |
| Furniture and vehicles24 | - | - | - | €37,387 | €29,333 | ▼ 21.5% |
| Current assets29/58 | €194,792 | €191,420 | €110,337 | €164,331 | €179,885 | ▲ 9.5% |
| Stocks and contracts in progress3 | €117,527 | €102,520 | €70,053 | €109,470 | €130,102 | ▲ 18.8% |
| Stocks30/36 | - | - | - | €109,470 | €130,102 | ▲ 18.8% |
| Amounts receivable within one year40/41 | €62,218 | €61,645 | €24,339 | €46,480 | €45,597 | ▼ 1.9% |
| Trade receivables40 | - | - | - | €30,852 | €44,504 | ▲ 44.2% |
| Other amounts receivable41 | - | - | - | €15,627 | €1,093 | ▼ 93.0% |
| Cash at bank and in hand54/58 | €15,046 | €21,680 | €12,780 | €5,415 | €729 | ▼ 86.5% |
| Deferred charges and accrued income490/1 | - | - | - | €2,967 | €3,456 | ▲ 16.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €261,116 | €218,841 | €122,013 | €212,920 | €220,842 | ▲ 3.7% |
| Equity10/15 | -€796 | €36,840 | €38,117 | €22,108 | €41,332 | ▲ 87.0% |
| Contributions10/11 | €35,600 | €35,600 | €35,600 | €35,600 | €35,600 | = |
| Capital10 | - | - | - | €35,600 | €35,600 | = |
| Issued capital100 | - | - | - | €35,600 | €35,600 | = |
| Reserves13 | €60,184 | €60,297 | €60,297 | €60,297 | €60,297 | = |
| Non-distributable reserves130/1 | - | - | - | €8,060 | €8,060 | = |
| Legal reserve130 | - | - | - | €8,060 | €8,060 | = |
| Tax-exempt reserves132 | - | - | - | €8,297 | €8,297 | = |
| Distributable reserves133 | - | - | - | €43,940 | €43,940 | = |
| Profit (loss) carried forward14 | -€96,580 | -€59,057 | -€57,779 | -€73,789 | -€54,565 | ▲ 26.1% |
| Amounts payable17/49 | €261,912 | €182,001 | €83,896 | €190,812 | €179,510 | ▼ 5.9% |
| Amounts payable after more than one year17 | €12,218 | - | - | €11,084 | €5,797 | ▼ 47.7% |
| Financial debts170/4 | - | - | - | €11,084 | €5,797 | ▼ 47.7% |
| Amounts payable within one year42/48 | €249,694 | €182,001 | €83,896 | €179,728 | €173,714 | ▼ 3.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €5,612 | €5,287 | ▼ 5.8% |
| Trade debts44 | €104,840 | €97,835 | €58,715 | €168,272 | €84,256 | ▼ 49.9% |
| Suppliers440/4 | - | - | - | €168,272 | €84,256 | ▼ 49.9% |
| Taxes, remuneration and social security45 | - | - | - | €5,844 | €19,803 | ▲ 239% |
| Taxes450/3 | - | - | - | €853 | €3,757 | ▲ 341% |
| Remuneration and social security454/9 | - | - | - | €4,991 | €16,046 | ▲ 221% |
| Other amounts payable47/48 | - | - | - | - | €64,367 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,546 | €37,636 | €1,277 | -€16,010 | €19,224 | - |
| + Depreciation and write-downs630 | €34,278 | €28,331 | €14,493 | €8,096 | €11,483 | ▲ 41.8% |
| Operating cash flow (approximation) | €30,732 | €65,967 | €15,770 | -€7,914 | €30,707 | - |
| Investment in fixed assets (approximation) | - | €10,572 | €1,252 | -€45,009 | -€3,852 | ▲ 91.4% |
| Change in cash | - | €6,634 | -€8,899 | -€7,366 | -€4,685 | ▲ 36.4% |
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 33 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | micro format | 31-05-2023 | 2023-00102571 |
| 31-12-2021 | micro format | 03-06-2022 | 2022-20051807 |
| 31-12-2020 | micro format | 22-06-2021 | 2021-23100200 |
| 31-12-2019 | micro format | 16-06-2020 | 2020-17500534 |
| 31-12-2018 | micro format | 24-06-2019 | 2019-22500263 |
| 31-12-2017 | micro format | 22-08-2018 | 2018-48400564 |
| 31-12-2016 | abbreviated format | 24-05-2017 | 2017-13500503 |
| 31-12-2015 | abbreviated format | 02-06-2016 | 2016-15200222 |
| 31-12-2014 | abbreviated format | 01-06-2015 | 2015-14600103 |
| 31-12-2013 | abbreviated format | 10-06-2014 | 2014-16600557 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.