COLLOS
Open bankruptcyFinancials · financial year 2022, micro format
2022 annual accounts filed 196 days after the deadline Filed on 12 February 2024, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2024-00029231.
Annual accounts 2022 filed on 12-02-2024 PDF all 7 filings
Turnover
€145,589▲ 3.9%
2018 · €140,151
EBIT margin
19.6%▲ 9.7pp
2018 · 10.0%
Net result
-€58,556▼ 25.1%
2021 · -€46,791
Working capital
-€119,021▼ 71.1%
2021 · -€69,582
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result for 2022 is a loss of €55,202, larger than the loss of €26,642 in 2021. It is the lowest result since 2018.
Turnover€145,589
2019
Operating result-€55,202
2022
Net result-€58,556
2022
Total assets€539,937
2022
Equity-€99,696
2022
Debt€639,633
2022
Working capital-€119,021
2022
EBIT margin19.6%
2019
Staff (FTE)1
2022
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
Average staff per financial year, in full-time equivalents (FTE).
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€140,151-€145,589▲ 3.9%
Operating result€13,955-€28,550▲ 105%-€36,503-€26,642▲ 27.0%-€55,202▼ 107%
Net result€13,584-€17,693▲ 30.2%-€56,760-€46,791▲ 17.6%-€58,556▼ 25.1%
EBIT margin10.0%-19.6%▲ 9.7pp
Equity-€36,682--€18,989▲ 48.2%-€75,749▼ 299%-€41,140▲ 45.7%-€99,696▼ 142%
Total assets€366,581-€264,390▼ 27.9%€462,515▲ 74.9%€598,390▲ 29.4%€539,937▼ 9.8%
Debt€403,262-€283,379▼ 29.7%€538,264▲ 89.9%€639,530▲ 18.8%€639,633=
Working capital€122,152-€126,770▲ 3.8%-€172,182-€69,582▲ 59.6%-€119,021▼ 71.1%
Staff (FTE)11=1=
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €539,937
Fixed assets
€277,401 ▼ 8.2%
Current assets
€262,536 ▼ 11.4%
Equity and liabilities
Equity-€99,696
Debt€639,633
Equity is negative. Debt (€639,633) exceeds the balance-sheet total (€539,937).
Key figures and ratios
EBITDA
-€14,381▼
2021 · €11,739
Cash flow
-€17,735▼
2021 · -€8,411
Solvency
-18.5%▼
2021 · -6.9%
Current ratio
0.69▼
2021 · 0.81
Quick ratio
0.43▲
2021 · 0.38
ROA
-10.8%▼
2021 · -7.8%
Interest coverage
-4.29▼
2021 · 3.11
Debt ≤ 1 year
€381,557▲
2021 · €365,791
Debt > 1 year
€258,076▼
2021 · €273,739
Staff costs
€66
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2020 | 31-12-2021 | 31-12-2022 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 |
| in full-time equivalents | 1 | 1 | 1 |
| Average over the year, in full-time equivalents | 1 | 1 | 1 |
| On a permanent contract | 1 | 1 | 1 |
Source: social balance sheet in the 2020 to 2022 annual accounts
Investments
| Item | 2020 | 2021 | 2022 |
|---|---|---|---|
| Tangible fixed assets | €291,678 | €35,723 | €16,041 |
| Depreciation and write-downs of the year | €35,332 | €38,380 | €40,821 |
Source: notes to the 2020 to 2022 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €140,151 | €145,589 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €4,188 | - | €66 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,898 | €24,474 | €35,332 | €38,380 | €40,821 | ▲ 6.4% |
| Other operating charges640/8 | - | - | €4,481 | €393 | - | - |
| Gross operating margin9900 | €76,759 | €83,573 | €7,497 | €12,131 | -€14,315 | - |
| Operating profit (loss)9901 | €13,955 | €28,550 | -€36,503 | -€26,642 | -€55,202 | ▼ 107% |
| Financial income75/76B | - | - | €606 | €1 | - | - |
| Recurring financial income75 | €1 | €13 | €0 | €1 | - | - |
| Non-recurring financial income76B | - | - | €606 | - | - | - |
| Financial charges65/66B | - | - | €20,862 | €3,778 | €3,354 | ▼ 11.2% |
| Recurring financial charges65 | €321 | €10,870 | €20,862 | €3,778 | €3,354 | ▼ 11.2% |
| Profit (loss) for the period before taxes9903 | €13,634 | €17,693 | -€56,760 | -€30,418 | -€58,556 | ▼ 92.5% |
| Income taxes67/77 | €50 | - | - | €16,373 | - | - |
| Profit (loss) for the period9904 | €13,584 | €17,693 | -€56,760 | -€46,791 | -€58,556 | ▼ 25.1% |
| Profit (loss) for the period to be appropriated9905 | €13,584 | €17,693 | -€56,760 | -€46,791 | -€58,556 | ▼ 25.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €366,581 | €264,390 | €462,515 | €598,390 | €539,937 | ▼ 9.8% |
| Fixed assets21/28 | €91,166 | €48,492 | €304,838 | €302,181 | €277,401 | ▼ 8.2% |
| Tangible fixed assets22/27 | €86,517 | €43,843 | €300,189 | €297,532 | €272,752 | ▼ 8.3% |
| Land and buildings22 | - | - | €220,872 | €217,875 | €223,610 | ▲ 2.6% |
| Plant, machinery and equipment23 | - | - | €14,063 | €24,188 | €13,658 | ▼ 43.5% |
| Furniture and vehicles24 | - | - | €65,254 | €55,469 | €35,485 | ▼ 36.0% |
| Financial fixed assets28 | €4,649 | €4,649 | €4,649 | €4,649 | €4,649 | = |
| Current assets29/58 | €275,415 | €215,898 | €157,677 | €296,209 | €262,536 | ▼ 11.4% |
| Stocks and contracts in progress3 | €66,550 | €75,050 | €70,000 | €158,278 | €99,715 | ▼ 37.0% |
| Stocks30/36 | - | - | €70,000 | €158,278 | €99,715 | ▼ 37.0% |
| Amounts receivable within one year40/41 | €205,230 | €135,621 | €69,372 | €122,946 | €154,747 | ▲ 25.9% |
| Trade receivables40 | - | - | €24,789 | €22,158 | €25,378 | ▲ 14.5% |
| Other amounts receivable41 | - | - | €44,582 | €100,788 | €129,369 | ▲ 28.4% |
| Current investments50/53 | - | - | €28 | €4,409 | €4,409 | = |
| Cash at bank and in hand54/58 | €1,575 | €3,530 | €18,007 | €2,189 | €201 | ▼ 90.8% |
| Deferred charges and accrued income490/1 | - | - | €270 | €8,386 | €3,464 | ▼ 58.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €366,581 | €264,390 | €462,515 | €598,390 | €539,937 | ▼ 9.8% |
| Equity10/15 | -€36,682 | -€18,989 | -€75,749 | -€41,140 | -€99,696 | ▼ 142% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €100,000 | €100,000 | = |
| Profit (loss) carried forward14 | -€55,282 | -€37,589 | -€94,349 | -€141,140 | -€199,696 | ▼ 41.5% |
| Amounts payable17/49 | €403,262 | €283,379 | €538,264 | €639,530 | €639,633 | = |
| Amounts payable after more than one year17 | €250,000 | €194,251 | €208,405 | €273,739 | €258,076 | ▼ 5.7% |
| Financial debts170/4 | - | - | €208,405 | €273,739 | €258,076 | ▼ 5.7% |
| Amounts payable within one year42/48 | €153,262 | €89,128 | €329,860 | €365,791 | €381,557 | ▲ 4.3% |
| Current portion of amounts payable after more than one year42 | - | - | €42,652 | €48,716 | €49,824 | ▲ 2.3% |
| Trade debts44 | €95,816 | €6,244 | €183,132 | €117,623 | €125,441 | ▲ 6.6% |
| Suppliers440/4 | - | - | €183,132 | €117,623 | €125,441 | ▲ 6.6% |
| Taxes, remuneration and social security45 | - | - | €31,361 | €43,642 | €61,053 | ▲ 39.9% |
| Taxes450/3 | - | - | €31,361 | €43,642 | €61,053 | ▲ 39.9% |
| Remuneration and social security454/9 | - | - | - | €0 | €0 | - |
| Other amounts payable47/48 | - | - | €72,715 | €155,810 | €145,239 | ▼ 6.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,584 | €17,693 | -€56,760 | -€46,791 | -€58,556 | ▼ 25.1% |
| + Depreciation and write-downs630 | €26,898 | €24,474 | €35,332 | €38,380 | €40,821 | ▲ 6.4% |
| Operating cash flow (approximation) | €40,482 | €42,167 | -€21,428 | -€8,411 | -€17,735 | ▼ 111% |
| Investment in fixed assets (approximation) | - | €18,200 | -€291,678 | -€35,723 | -€16,041 | ▲ 55.1% |
| Change in cash | - | €1,955 | €14,477 | -€15,818 | -€1,989 | ▲ 87.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2022 | micro format | 12-02-2024 | 2024-00029231 | |
| 31-12-2021 | micro format | 12-02-2024 | 2024-00029230 | |
| 31-12-2020 | micro format | 10-08-2022 | 2022-20280564 | |
| 31-12-2019 | micro format | 07-11-2020 | 2020-69700109 | |
| 31-12-2018 | micro format | 10-01-2020 | 2020-00700396 | |
| 31-12-2017 | micro format | 28-09-2018 | 2018-67200394 | |
| 31-12-2016 | micro format | 08-08-2018 | 2018-44400046 |