Colossus
Open bankruptcyFinancials · financial year 2023, abbreviated format
2023 annual accounts filed late (110 days) Filed on 18 November 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00602559.
Equity
-€269,166
2022 · €109,473
Total assets
€817,250▲ 13.0%
2022 · €723,124
Net result
-€378,639
2022 · €62
Working capital
-€56,424▲ 67.0%
2022 · -€170,943
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result stays negative: a loss of €364,247 in 2023 against €304,275 in 2022; the loss grows and 2023 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.4m
2023
Net result-€0.4m
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.8m
2023
Equity-€0.3m
2023
Debt€1.1m
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.06m
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-46.3%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-32.9%
2023
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.91
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)0.3
2020
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result-€0.2m--€0.2m▼ 9.0%€0.08m€0.1m▲ 65.7%-€0.3m-€0.4m▼ 19.7%
Net result-€0.2m--€0.2m▼ 11.7%€0.1mabove the sector's middle half€0.1mabove the sector's middle half▼ 6.9%€62within the sector's middle half▼ 100.0%-€0.4mbelow the sector's middle half
Equity€0.2m-€0.03m▼ 83.1%-€0.02mbelow the sector's middle half€0.1mwithin the sector's middle half€0.1mwithin the sector's middle half▲ 0.1%-€0.3mbelow the sector's middle half
Total assets€0.4m-€0.5m▲ 9.6%€0.4mwithin the sector's middle half▼ 3.2%€0.8mwithin the sector's middle half▲ 87.9%€0.7mwithin the sector's middle half▼ 13.5%€0.8mwithin the sector's middle half▲ 13.0%
Debt€0.3m-€0.4m▲ 68.2%€0.5m▲ 7.2%€0.7m▲ 56.8%€0.6m▼ 15.6%€1.1m▲ 77.0%
Working capital€0.2m-€0.1m▼ 39.5%€0.1mwithin the sector's middle half▼ 28.0%€0.1mwithin the sector's middle half▲ 12.6%-€0.2mbelow the sector's middle half-€0.06mbelow the sector's middle half▲ 67.0%
Solvency38.7%-6.0%▼ 32.8pp-4.1%below the sector's middle half▼ 10.1pp13.1%below the sector's middle half▲ 17.2pp15.1%below the sector's middle half▲ 2.1pp-32.9%below the sector's middle half▼ 48.1pp
Current ratio2.30-1.49▼ 0.821.31within the sector's middle half▼ 0.171.16within the sector's middle half▼ 0.150.72below the sector's middle half▼ 0.440.91below the sector's middle half▲ 0.19
Return on assets (ROA)-41.9%--42.6%▼ 0.8pp30.8%above the sector's middle half▲ 73.5pp15.3%within the sector's middle half▼ 15.5pp0.0%within the sector's middle half▼ 15.3pp-46.3%below the sector's middle half▼ 46.3pp
Staff (FTE)0.7-1.2▲ 71.4%0.3below the sector's middle half▼ 75.0%
above
within
below
the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €817,250
Fixed assets
€255,536 ▼ 8.9%
Current assets
€561,714 ▲ 26.9%
Equity and liabilities
Equity-€269,166
Debt€1.1m
Equity is negative: debt (€1.1m) exceeds the balance-sheet total (€817,250).
Key figures and ratios
EBITDA
-€292,878▼
2022 · -€279,503
Cash flow
-€307,270▼
2022 · €24,834
Quick ratio
0.72▲
2022 · 0.33
Interest coverage
-20.85▲
2022 · -45.60
Debt ≤ 1 year
€618,138▲
2022 · €613,652
Debt > 1 year
€51,278
Income taxes
€346▲
2022 · -€16
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 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €381 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,116 | €29,695 | €33,563 | €32,156 | €24,772 | €71,369 | ▲ 188% |
| Other operating charges640/8 | - | - | - | €1,016 | €1,032 | €1,908 | ▲ 84.9% |
| Gross operating margin9900 | -€127,179 | -€113,106 | €128,156 | €168,155 | -€278,471 | -€290,970 | ▼ 4.5% |
| Operating profit (loss)9901 | -€170,877 | -€186,332 | €81,257 | €134,604 | -€304,275 | -€364,247 | ▼ 19.7% |
| Financial income75/76B | - | - | - | €13,246 | €310,450 | - | - |
| Recurring financial income75 | €0 | €328 | €60,775 | €13,246 | €352 | - | - |
| Non-recurring financial income76B | - | - | - | - | €310,098 | - | - |
| Financial charges65/66B | - | - | - | €20,520 | €6,129 | €14,047 | ▲ 129% |
| Recurring financial charges65 | €4,669 | €10,800 | €5,789 | €20,191 | €6,129 | €14,047 | ▲ 129% |
| Non-recurring financial charges66B | - | - | - | €329 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€175,547 | -€196,804 | €136,243 | €127,329 | €46 | -€378,293 | - |
| Income taxes67/77 | - | -€779 | -€956 | -€453 | -€16 | €346 | - |
| Profit (loss) for the period9904 | -€175,547 | -€196,024 | €137,199 | €127,783 | €62 | -€378,639 | - |
| Profit (loss) for the period to be appropriated9905 | -€175,547 | -€196,024 | €137,199 | €127,783 | €62 | -€378,639 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €0.4m | €0.5m | €0.4m | €0.8m | €0.7m | €0.8m | ▲ 13.0% |
| Formation expenses20 | €0.003m | €0.001m | - | - | - | - | - |
| Fixed assets21/28 | €0.02m | €0.04m | €0.04m | €0.05m | €0.3m | €0.3m | ▼ 8.9% |
| Intangible fixed assets21 | €0.02m | €0.04m | €0.03m | €0.04m | €0.02m | €0.04m | ▲ 87.5% |
| Tangible fixed assets22/27 | €0.001m | €0.002m | €0.001m | €0.01m | €0.3m | €0.2m | ▼ 16.2% |
| Plant, machinery and equipment23 | - | - | - | €0.008m | €0.3m | €0.2m | ▼ 16.0% |
| Furniture and vehicles24 | - | - | - | €0.002m | €0.001m | €0.001m | ▼ 59.5% |
| Financial fixed assets28 | - | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | = |
| Current assets29/58 | €0.4m | €0.4m | €0.4m | €0.8m | €0.4m | €0.6m | ▲ 26.9% |
| Stocks and contracts in progress3 | - | €0.3m | €0.4m | €0.1m | €0.2m | €0.1m | ▼ 52.1% |
| Stocks30/36 | - | - | - | €0.1m | €0.2m | €0.1m | ▼ 52.1% |
| Amounts receivable within one year40/41 | €0.4m | €0.07m | €0.04m | €0.5m | €0.2m | €0.4m | ▲ 118% |
| Trade receivables40 | - | - | - | €0.4m | €0.1m | €0.4m | ▲ 205% |
| Other amounts receivable41 | - | - | - | €0.05m | €0.06m | €0.008m | ▼ 86.7% |
| Cash at bank and in hand54/58 | - | €0.02m | €0.004m | €0.2m | €0.001m | €0.004m | ▲ 279% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €436 | €0.001m | ▲ 190% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €0.4m | €0.5m | €0.4m | €0.8m | €0.7m | €0.8m | ▲ 13.0% |
| Equity10/15 | €0.2m | €0.03m | -€0.02m | €0.1m | €0.1m | -€0.3m | - |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Capital10 | - | - | - | €0.2m | €0.2m | €0.2m | = |
| Issued capital100 | - | - | - | €0.2m | €0.2m | €0.2m | = |
| Profit (loss) carried forward14 | -€0.2m | -€0.4m | -€0.2m | -€0.1m | -€0.1m | -€0.5m | ▼ 355% |
| Amounts payable17/49 | €0.3m | €0.4m | €0.5m | €0.7m | €0.6m | €1.1m | ▲ 77.0% |
| Amounts payable after more than one year17 | - | €0.1m | €0.2m | €0.05m | - | €0.05m | - |
| Financial debts170/4 | - | - | - | €0.05m | - | €0.05m | - |
| Amounts payable within one year42/48 | €0.2m | €0.3m | €0.3m | €0.7m | €0.6m | €0.6m | ▲ 0.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | - | €0.02m | - |
| Financial debts43 | - | - | - | €0.001m | €0.09m | €0.05m | ▼ 45.5% |
| Credit institutions430/8 | - | - | - | €0.001m | €0.09m | €0.05m | ▼ 45.5% |
| Trade debts44 | €0.09m | €0.1m | €0.04m | €0.2m | €0.1m | €0.2m | ▲ 5.4% |
| Suppliers440/4 | - | - | - | €0.2m | €0.1m | €0.2m | ▲ 5.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.07m | €0.006m | €0.001m | ▼ 88.0% |
| Taxes450/3 | - | - | - | €0.06m | €0.006m | €0.001m | ▼ 88.0% |
| Remuneration and social security454/9 | - | - | - | €0.002m | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.3m | €0.4m | €0.4m | ▲ 5.3% |
| Accrued charges and deferred income492/3 | - | - | - | €0.003m | - | €0.4m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€175,547 | -€196,024 | €137,199 | €127,783 | €62 | -€378,639 | - |
| + Depreciation and write-downs630 | €17,116 | €29,695 | €33,563 | €32,156 | €24,772 | €71,369 | ▲ 188% |
| Operating cash flow (approximation) | -€158,431 | -€166,330 | €170,762 | €159,938 | €24,834 | -€307,270 | - |
| Investment in fixed assets (approximation) | - | -€53,284 | -€25,306 | -€49,539 | -€251,500 | -€46,489 | ▲ 81.5% |
| Change in cash | - | - | -€15,627 | €163,423 | -€165,842 | €3,041 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | abbreviated format | 18-11-2024 | 2024-00602559 |
| 31-12-2022 | abbreviated format | 30-06-2023 | 2023-00180265 |
| 31-12-2021 | abbreviated format | 30-06-2022 | 2022-20117866 |
| 31-12-2020 | abbreviated format | 04-08-2021 | 2021-46200464 |
| 31-12-2019 | abbreviated format | 08-09-2020 | 2020-51800553 |
| 31-12-2018 | abbreviated format | 22-08-2019 | 2019-50400222 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 3,179 active companies whose main activity is other information technology and computer services (NACE 62900), figures are known for 1,780. See the whole sector
Subsidies and aid
Flemish government
2023 to 2025 · 5 entries · €246,949 awarded · €67,513 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €0 | €0 |
| 2024 | 2 | €2,513 | €67,513 |
| 2023 | 1 | €244,436 | €0 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.