COMENCO TECHNICS
InactiveFinancials · financial year 2023, micro format
2023 annual accounts filed late (7 days) Filed on 7 August 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00332234.
Equity
€13,291▼ 73.5%
2022 · €50,163
Total assets
€100,831▼ 37.1%
2022 · €160,209
Net result
-€36,871▼ 412%
2022 · -€7,200
Working capital
-€4,433
2022 · €29,661
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result stays negative: a loss of €35,596 in 2023 against €3,711 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-€35,596
2023
Net result-€36,871
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€100,831
2023
Equity€13,291
2023
Debt€87,539
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€4,433
2023
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result-€524-€19,752-€24,967€14,766-€3,711-€35,596▼ 859%
Net result-€1,838-€10,297-€29,892€9,536-€7,200-€36,871▼ 412%
Equity€67,421-€77,718▲ 15.3%€47,826▼ 38.5%€57,362▲ 19.9%€50,163▼ 12.6%€13,291▼ 73.5%
Total assets€215,820-€245,397▲ 13.7%€191,599▼ 21.9%€114,256▼ 40.4%€160,209▲ 40.2%€100,831▼ 37.1%
Debt€148,399-€167,678▲ 13.0%€143,772▼ 14.3%€56,893▼ 60.4%€110,046▲ 93.4%€87,539▼ 20.5%
Working capital-€38,709--€33,921▲ 12.4%€25,032€31,123▲ 24.3%€29,661▼ 4.7%-€4,433
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €100,831
Fixed assets
€17,725 ▼ 22.5%
Current assets
€83,106 ▼ 39.5%
Equity and liabilities €100,831
Equity
€13,291 ▼ 73.5%
Debt
€87,539 ▼ 20.5%
Debt's share of the balance-sheet total rises from 68.7% to 86.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€25,817▼
2022 · €5,205
Cash flow
-€27,092▼
2022 · €1,716
Current ratio
0.95▼
2022 · 1.28
Quick ratio
0.60▼
2022 · 0.85
Debt to equity
6.59▲
2022 · 2.19
ROE
-277.4%▼
2022 · -14.4%
ROA
-36.6%▼
2022 · -4.5%
Interest coverage
-29.34▼
2022 · 1.66
Debt ≤ 1 year
€87,539▼
2022 · €107,681
Income taxes
€418▲
2022 · €394
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 |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,359 | €3,604 | €4,364 | €7,344 | €8,916 | €9,779 | ▲ 9.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €1,129 | - | - | - |
| Other operating charges640/8 | - | - | - | €1,152 | €875 | €1,284 | ▲ 46.8% |
| Gross operating margin9900 | €3,093 | €30,321 | €90,592 | €24,390 | €6,080 | -€24,533 | - |
| Operating profit (loss)9901 | -€524 | €19,752 | -€24,967 | €14,766 | -€3,711 | -€35,596 | ▼ 859% |
| Financial income75/76B | - | - | - | €4 | €46 | €23 | ▼ 49.2% |
| Recurring financial income75 | €97 | €48 | €2 | €4 | €46 | €23 | ▼ 49.2% |
| Financial charges65/66B | - | - | - | €2,357 | €3,140 | €880 | ▼ 72.0% |
| Recurring financial charges65 | €690 | €1,886 | €3,732 | €2,357 | €3,140 | €880 | ▼ 72.0% |
| Profit (loss) for the period before taxes9903 | -€1,117 | €17,915 | -€28,698 | €12,413 | -€6,806 | -€36,453 | ▼ 436% |
| Income taxes67/77 | €721 | €7,618 | €1,194 | €2,877 | €394 | €418 | ▲ 6.2% |
| Profit (loss) for the period9904 | -€1,838 | €10,297 | -€29,892 | €9,536 | -€7,200 | -€36,871 | ▼ 412% |
| Profit (loss) for the period to be appropriated9905 | -€1,838 | €10,297 | -€29,892 | €9,536 | -€7,200 | -€36,871 | ▼ 412% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €215,820 | €245,397 | €191,599 | €114,256 | €160,209 | €100,831 | ▼ 37.1% |
| Fixed assets21/28 | €106,142 | €117,667 | €27,761 | €27,666 | €22,867 | €17,725 | ▼ 22.5% |
| Intangible fixed assets21 | - | - | - | €5,663 | €5,063 | €7,765 | ▲ 53.4% |
| Tangible fixed assets22/27 | €2,002 | €13,527 | €21,956 | €19,088 | €14,890 | €7,069 | ▼ 52.5% |
| Plant, machinery and equipment23 | - | - | - | €1,976 | €2,547 | €1,939 | ▼ 23.9% |
| Furniture and vehicles24 | - | - | - | €16,783 | €12,080 | €4,933 | ▼ 59.2% |
| Other tangible fixed assets26 | - | - | - | €329 | €263 | €197 | ▼ 25.0% |
| Financial fixed assets28 | €104,140 | €104,140 | €5,805 | €2,915 | €2,915 | €2,890 | ▼ 0.9% |
| Current assets29/58 | €109,678 | €127,730 | €163,838 | €86,590 | €137,341 | €83,106 | ▼ 39.5% |
| Stocks and contracts in progress3 | €16,931 | €11,288 | €5,644 | €4,515 | €45,649 | €30,892 | ▼ 32.3% |
| Stocks30/36 | - | - | - | €4,515 | €4,403 | €4,067 | ▼ 7.6% |
| Contracts in progress37 | - | - | - | - | €41,246 | €26,825 | ▼ 35.0% |
| Amounts receivable within one year40/41 | €83,036 | €104,848 | €111,234 | €52,588 | €35,171 | €18,827 | ▼ 46.5% |
| Trade receivables40 | - | - | - | €52,588 | €34,848 | €18,827 | ▼ 46.0% |
| Other amounts receivable41 | - | - | - | - | €323 | - | - |
| Current investments50/53 | - | - | - | €8,477 | €8,477 | €8,477 | = |
| Cash at bank and in hand54/58 | €8,530 | €11,070 | €46,308 | €19,227 | €46,281 | €23,654 | ▼ 48.9% |
| Deferred charges and accrued income490/1 | - | - | - | €1,783 | €1,763 | €1,256 | ▼ 28.8% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €215,820 | €245,397 | €191,599 | €114,256 | €160,209 | €100,831 | ▼ 37.1% |
| Equity10/15 | €67,421 | €77,718 | €47,826 | €57,362 | €50,163 | €13,291 | ▼ 73.5% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €48,829 | €59,126 | €29,234 | €38,770 | €31,571 | €21,692 | ▼ 31.3% |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | - | - | €36,911 | €29,712 | €19,833 | ▼ 33.2% |
| Profit (loss) carried forward14 | - | - | - | - | - | -€26,993 | - |
| Amounts payable17/49 | €148,399 | €167,678 | €143,772 | €56,893 | €110,046 | €87,539 | ▼ 20.5% |
| Amounts payable after more than one year17 | - | €5,726 | €1,684 | - | - | - | - |
| Amounts payable within one year42/48 | €148,387 | €161,651 | €138,806 | €55,467 | €107,681 | €87,539 | ▼ 18.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1,684 | - | - | - |
| Trade debts44 | €49,369 | €38,312 | €34,617 | €5,671 | €16,403 | €1,484 | ▼ 91.0% |
| Suppliers440/4 | - | - | - | €5,671 | €16,403 | €1,484 | ▼ 91.0% |
| Advances received on contracts in progress46 | - | - | - | - | €3,663 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €12,997 | €2,534 | €8,270 | ▲ 226% |
| Taxes450/3 | - | - | - | €12,997 | €2,534 | €8,270 | ▲ 226% |
| Other amounts payable47/48 | - | - | - | €35,115 | €85,080 | €77,784 | ▼ 8.6% |
| Accrued charges and deferred income492/3 | - | - | - | €1,426 | €2,365 | €1 | ▼ 100.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,838 | €10,297 | -€29,892 | €9,536 | -€7,200 | -€36,871 | ▼ 412% |
| + Depreciation and write-downs630 | €1,359 | €3,604 | €4,364 | €7,344 | €8,916 | €9,779 | ▲ 9.7% |
| Operating cash flow (approximation) | -€480 | €13,901 | -€25,528 | €16,880 | €1,716 | -€27,092 | - |
| Investment in fixed assets (approximation) | - | -€15,128 | €85,543 | -€7,249 | -€4,118 | -€4,636 | ▼ 12.6% |
| Change in cash | - | €2,540 | €35,237 | -€27,081 | €27,055 | -€22,627 | - |
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 28 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | micro format | 07-08-2024 | 2024-00332234 |
| 31-12-2022 | micro format | 03-07-2023 | 2023-00189379 |
| 31-12-2021 | micro format | 31-05-2022 | 2022-20037461 |
| 31-12-2020 | micro format | 06-08-2021 | 2021-46300181 |
| 31-12-2019 | abbreviated format | 09-07-2020 | 2020-27200145 |
| 31-12-2018 | abbreviated format | 04-07-2019 | 2019-27900047 |
| 31-12-2017 | abbreviated format | 31-08-2018 | 2018-57200152 |
| 31-12-2016 | abbreviated format | 30-08-2017 | 2017-53800259 |
| 31-12-2015 | abbreviated format | 19-08-2016 | 2016-44500307 |
| 31-12-2014 | abbreviated format | 26-08-2015 | 2015-48000567 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.