COMANT
Absorbed by COMELSFinancials · financial year 2023, full format
Annual accounts 2023 filed on 25-09-2023 PDF all 8 filings
Turnover
€495,974▲ 9.9%
2022 · €451,242
EBIT margin
5.3%▲ 0.1pp
2022 · 5.2%
Net result
€17,079▲ 3.5%
2022 · €16,494
Working capital
€101,213▲ 21.0%
2022 · €83,639
Multi-year overview
2019 to 2023, 5 financial yearsTurnover
€495,974
▲ 9.9%
2023
20192023
Operating result
€26,282
▲ 11.9%
2023
20192023
Net result
€17,079
▲ 3.5%
2023
20192023
EBIT margin
5.3%
▲ 0.1pp
2023
20192023
Equity
€100,677
▲ 20.4%
2023
20192023
Total assets
€185,706
▼ 7.5%
2023
20192023
Debt
€85,029
▼ 27.5%
2023
20192023
Working capital
€101,213
▲ 21.0%
2023
20192023
Staff (FTE)
13.8
▲ 8.7%
2023
20192023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Turnover€403,995-€423,950▲ 4.9%€449,584▲ 6.0%€451,242▲ 0.4%€495,974▲ 9.9%
Operating result€28,670-€23,262▼ 18.9%€22,112▼ 4.9%€23,483▲ 6.2%€26,282▲ 11.9%
Net result€19,135-€14,546▼ 24.0%€14,780▲ 1.6%€16,494▲ 11.6%€17,079▲ 3.5%
EBIT margin7.1%-5.5%▼ 1.6pp4.9%▼ 0.6pp5.2%▲ 0.3pp5.3%▲ 0.1pp
Equity€125,779-€140,325▲ 11.6%€155,105▲ 10.5%€83,599▼ 46.1%€100,677▲ 20.4%
Total assets€193,801-€235,425▲ 21.5%€248,378▲ 5.5%€200,839▼ 19.1%€185,706▼ 7.5%
Debt€68,022-€95,100▲ 39.8%€93,273▼ 1.9%€117,241▲ 25.7%€85,029▼ 27.5%
Working capital€125,894-€140,658▲ 11.7%€155,362▲ 10.5%€83,639▼ 46.2%€101,213▲ 21.0%
Staff (FTE)10-10.5▲ 5.0%11.6▲ 10.5%12.7▲ 9.5%13.8▲ 8.7%
The operating result for 2023 is 12% higher than in 2022 and the highest since 2019. It is the second rise in a row, after the fall in 2021.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €185,706
Equity
€100,677 ▲ 20.4%
Debt
€85,029 ▼ 27.5%
Debt's share of the balance-sheet total falls from 58.4% to 45.8%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
2.20▲
2022 · 1.71
Debt to equity
0.84▼
2022 · 1.40
ROE
17.0%▼
2022 · 19.7%
ROA
9.2%▲
2022 · 8.2%
Debt ≤ 1 year
€84,493▼
2022 · €117,200
Income taxes
€9,760▲
2022 · €7,014
Customer credit
31 days▼
2022 · 76 days
Supplier credit
32 days▼
2022 · 68 days
Staff costs
€451,263▲
2022 · €391,906
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-03-2022 | 31-03-2023 |
|---|---|---|
| Employees at the balance-sheet date | 22 | 22 |
| full-time | 8 | 6 |
| part-time | 14 | 16 |
| in full-time equivalents | 13.8 | 12.6 |
| Average over the year, in full-time equivalents | 12.6 | 13.8 |
| On a permanent contract | 11 | 11 |
| Joined | 58 | - |
| Left | 55 | - |
| Agency workers, average number | 0.6 | 0.4 |
| Training hours | 393 | 1,629 |
Source: social balance sheet in the 2022 to 2023 annual accounts
Auditor
| Item | 31-03-2022 | 31-03-2023 |
|---|---|---|
| Fee for the audit | €2,104 | €2,104 |
Source: notes to the 2022 to 2023 annual accounts (relations with the auditor)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €484,604 | €548,519 | ▲ 13.2% |
| Turnover70 | €403,995 | €423,950 | €449,584 | €451,242 | €495,974 | ▲ 9.9% |
| Other operating income74 | - | - | - | €33,362 | €52,545 | ▲ 57.5% |
| Operating charges60/66A | - | - | - | €461,121 | €522,237 | ▲ 13.3% |
| Services and other goods61 | - | - | - | €68,040 | €69,797 | ▲ 2.6% |
| Remuneration, social security and pensions62 | - | - | - | €391,906 | €451,263 | ▲ 15.1% |
| Other operating charges640/8 | - | - | - | €1,176 | €1,177 | ▲ 0.1% |
| Operating profit (loss)9901 | €28,670 | €23,262 | €22,112 | €23,483 | €26,282 | ▲ 11.9% |
| Financial income75/76B | - | - | - | €174 | €800 | ▲ 359% |
| Recurring financial income75 | €119 | €128 | €154 | €174 | €800 | ▲ 359% |
| Income from current assets751 | - | - | - | €174 | €800 | ▲ 359% |
| Financial charges65/66B | - | - | - | €150 | €243 | ▲ 62.5% |
| Recurring financial charges65 | €204 | €156 | €144 | €150 | €243 | ▲ 62.5% |
| Debt charges650 | - | - | €3 | €1 | €5 | ▲ 449% |
| Other financial charges652/9 | - | - | - | €149 | €238 | ▲ 60.1% |
| Profit (loss) for the period before taxes9903 | €28,586 | €23,234 | €22,122 | €23,508 | €26,838 | ▲ 14.2% |
| Income taxes67/77 | €9,451 | €8,688 | €7,342 | €7,014 | €9,760 | ▲ 39.2% |
| Taxes670/3 | - | - | - | €7,014 | €9,760 | ▲ 39.2% |
| Profit (loss) for the period9904 | €19,135 | €14,546 | €14,780 | €16,494 | €17,079 | ▲ 3.5% |
| Profit (loss) for the period to be appropriated9905 | €19,135 | €14,546 | €14,780 | €16,494 | €17,079 | ▲ 3.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €193,801 | €235,425 | €248,378 | €200,839 | €185,706 | ▼ 7.5% |
| Current assets29/58 | €193,801 | €235,425 | €248,378 | €200,839 | €185,706 | ▼ 7.5% |
| Amounts receivable within one year40/41 | €42,693 | €81,270 | €77,007 | €98,161 | €41,978 | ▼ 57.2% |
| Trade receivables40 | - | - | - | €93,509 | €41,792 | ▼ 55.3% |
| Other amounts receivable41 | - | - | - | €4,652 | €186 | ▼ 96.0% |
| Cash at bank and in hand54/58 | €150,908 | €154,155 | €171,371 | €102,550 | €143,728 | ▲ 40.2% |
| Deferred charges and accrued income490/1 | - | - | - | €128 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €193,801 | €235,425 | €248,378 | €200,839 | €185,706 | ▼ 7.5% |
| Equity10/15 | €125,779 | €140,325 | €155,105 | €83,599 | €100,677 | ▲ 20.4% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | - | - | €61,500 | €61,500 | = |
| Issued capital100 | - | - | - | €61,500 | €61,500 | = |
| Reserves13 | €3,214 | €3,941 | €4,680 | €4,680 | €5,534 | ▲ 18.2% |
| Non-distributable reserves130/1 | - | - | - | €4,680 | €5,534 | ▲ 18.2% |
| Legal reserve130 | - | - | - | €4,680 | €5,534 | ▲ 18.2% |
| Profit (loss) carried forward14 | €61,065 | €74,884 | €88,925 | €17,418 | €33,643 | ▲ 93.1% |
| Amounts payable17/49 | €68,022 | €95,100 | €93,273 | €117,241 | €85,029 | ▼ 27.5% |
| Amounts payable within one year42/48 | €67,907 | €94,768 | €93,017 | €117,200 | €84,493 | ▼ 27.9% |
| Trade debts44 | €5,038 | €7,224 | €12,727 | €12,727 | €6,034 | ▼ 52.6% |
| Suppliers440/4 | - | - | - | €12,727 | €6,034 | ▼ 52.6% |
| Taxes, remuneration and social security45 | - | - | - | €104,473 | €78,459 | ▼ 24.9% |
| Taxes450/3 | - | - | - | €1,783 | €1,832 | ▲ 2.8% |
| Remuneration and social security454/9 | - | - | - | €102,690 | €76,627 | ▼ 25.4% |
| Accrued charges and deferred income492/3 | - | - | - | €40 | €536 | ▲ 13× |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,135 | €14,546 | €14,780 | €16,494 | €17,079 | ▲ 3.5% |
| Operating cash flow (approximation) | €19,135 | €14,546 | €14,780 | €16,494 | €17,079 | ▲ 3.5% |
| Change in cash | - | €3,247 | €17,216 | -€68,821 | €41,177 | - |
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 (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2023 | full format | 25-09-2023 | 2023-00461670 | |
| 31-03-2022 | full format | 28-09-2022 | 2022-20448155 | |
| 31-03-2021 | full format | 23-09-2021 | 2021-68900015 | |
| 31-03-2020 | full format | 28-09-2020 | 2020-57900397 | |
| 31-03-2019 | full format | 02-10-2019 | 2019-68100450 | |
| 31-03-2018 | full format | 24-09-2018 | 2018-66200343 | |
| 31-03-2017 | full format | 22-09-2017 | 2017-62300347 | |
| 31-03-2016 | full format | 27-09-2016 | 2016-63200037 |