COMINDUS
InactiveFinancials · financial year 2023, micro format
Annual accounts 2023 filed on 12-06-2024 PDF all 30 filings
Turnover
€485,351▼ 74.1%
2022 · €1.9m
EBIT margin
1.5%▼ 0.3pp
2022 · 1.7%
Net result
€5,228▼ 77.7%
2022 · €23,427
Working capital
€121,634▲ 4.5%
2022 · €116,406
Multi-year overview
2018 to 2023, 6 financial yearsTurnover
€485,351
▼ 74.1%
2023
20182023
Operating result
€7,258
▼ 77.9%
2023
20182023
Net result
€5,228
▼ 77.7%
2023
20182023
EBIT margin
1.5%
▼ 0.3pp
2023
20182023
Equity
€121,634
▲ 4.5%
2023
20182023
Total assets
€131,186
▼ 55.3%
2023
20182023
Debt
€9,552
▼ 94.6%
2023
20182023
Working capital
€121,634
▲ 4.5%
2023
20182023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Turnover€0.08m-€0.3m▲ 261%€0.08m▼ 73.0%€0.02m▼ 73.7%€1.9m▲ 87×€0.5m▼ 74.1%
Operating result€0.01m-€0.02m▲ 103%€0.02m▼ 27.8%-€0.001m€0.03m€0.007m▼ 77.9%
Net result€0.007m-€0.01m▲ 113%€0.01m▼ 14.6%-€0.001m€0.02m€0.005m▼ 77.7%
EBIT margin12.6%-7.1%▼ 5.5pp18.9%▲ 11.9pp-4.2%▼ 23.1pp1.7%▲ 5.9pp1.5%▼ 0.3pp
Equity€0.07m-€0.08m▲ 20.6%€0.09m▲ 14.6%€0.09m▼ 1.5%€0.1m▲ 25.2%€0.1m▲ 4.5%
Total assets€0.2m-€0.09m▼ 60.8%€0.1m▲ 22.7%€0.1m▼ 0.8%€0.3m▲ 160%€0.1m▼ 55.3%
Debt€0.2m-€0.01m▼ 93.9%€0.02m▲ 87.9%€0.02m▲ 2.8%€0.2m▲ 788%€0.01m▼ 94.6%
Working capital€0.07m-€0.08m▲ 20.6%€0.09m▲ 14.6%€0.09m▼ 1.5%€0.1m▲ 25.2%€0.1m▲ 4.5%
The operating result for 2023 is 78% lower than in 2022.
Large changes and their cause
- 2023 Turnover -74% on 2022. The accounts now follow the micro format, last year the full format.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €131,186
Equity
€121,634 ▲ 4.5%
Debt
€9,552 ▼ 94.6%
Debt's share of the balance-sheet total falls from 60.3% to 7.3%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
13.73▲
2022 · 1.66
Debt to equity
0.08▼
2022 · 1.52
ROE
4.3%▼
2022 · 20.1%
ROA
4.0%▼
2022 · 8.0%
Debt ≤ 1 year
€9,552▼
2022 · €176,854
Income taxes
€1,743▼
2022 · €7,823
Customer credit
13 days▲
2022 · 3 days
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 |
|---|---|---|---|---|---|---|---|
| Turnover70 | €0.08m | €0.3m | €0.08m | €0.02m | €1.9m | €0.5m | ▼ 74.1% |
| Non-recurring operating income76A | - | - | - | €0.02m | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €1.8m | €0.5m | ▼ 74.1% |
| Other operating charges640/8 | - | - | - | €418 | €348 | - | - |
| Gross operating margin9900 | €0.01m | €0.02m | €0.02m | -€483 | €0.03m | €0.007m | ▼ 78.1% |
| Operating profit (loss)9901 | €0.01m | €0.02m | €0.02m | -€0.001m | €0.03m | €0.007m | ▼ 77.9% |
| Financial income75/76B | - | - | - | €0 | - | €162 | - |
| Recurring financial income75 | €0.001m | €253 | €0.001m | €0 | - | €162 | - |
| Financial charges65/66B | - | - | - | €0.001m | €0.002m | €450 | ▼ 71.2% |
| Recurring financial charges65 | €0.002m | €0.002m | - | €0.001m | €0.002m | €450 | ▼ 71.2% |
| Profit (loss) for the period before taxes9903 | €0.009m | €0.02m | €0.02m | -€0.001m | €0.03m | €0.007m | ▼ 77.7% |
| Income taxes67/77 | €0.003m | €0.006m | €0.004m | €0 | €0.008m | €0.002m | ▼ 77.7% |
| Profit (loss) for the period9904 | €0.007m | €0.01m | €0.01m | -€0.001m | €0.02m | €0.005m | ▼ 77.7% |
| Profit (loss) for the period to be appropriated9905 | €0.007m | €0.01m | €0.01m | -€0.001m | €0.02m | €0.005m | ▼ 77.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €236,414 | €92,737 | €113,795 | €112,895 | €293,260 | €131,186 | ▼ 55.3% |
| Current assets29/58 | €236,414 | €92,737 | €113,795 | €112,895 | €293,260 | €131,186 | ▼ 55.3% |
| Stocks and contracts in progress3 | €231,407 | €61,963 | €45,904 | €28,454 | €40,624 | €0 | ▼ 100% |
| Stocks30/36 | - | - | - | €28,454 | €40,624 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €4,610 | €23,685 | €6,768 | €14,234 | €13,090 | €17,677 | ▲ 35.0% |
| Other amounts receivable41 | - | - | - | €14,234 | €13,090 | €17,677 | ▲ 35.0% |
| Cash at bank and in hand54/58 | €398 | €7,089 | €61,123 | €70,207 | €239,546 | €113,509 | ▼ 52.6% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €236,414 | €92,737 | €113,795 | €112,895 | €293,260 | €131,186 | ▼ 55.3% |
| Equity10/15 | €68,370 | €82,429 | €94,430 | €92,979 | €116,406 | €121,634 | ▲ 4.5% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | - | - | - | €18,592 | €18,592 | €18,592 | = |
| Issued capital100 | - | - | - | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €3,100 | €3,100 | €3,100 | €3,100 | €3,100 | €3,100 | = |
| Non-distributable reserves130/1 | - | - | - | €3,100 | €3,100 | €3,100 | = |
| Legal reserve130 | - | - | - | €3,100 | €3,100 | €3,100 | = |
| Profit (loss) carried forward14 | €46,678 | €60,737 | €72,738 | €71,287 | €94,714 | €99,942 | ▲ 5.5% |
| Amounts payable17/49 | €168,044 | €10,308 | €19,365 | €19,916 | €176,854 | €9,552 | ▼ 94.6% |
| Amounts payable within one year42/48 | €168,044 | €10,308 | €19,365 | €19,916 | €176,854 | €9,552 | ▼ 94.6% |
| Trade debts44 | - | - | - | - | €54,075 | - | - |
| Suppliers440/4 | - | - | - | - | €54,075 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €4,000 | €7,809 | €9,552 | ▲ 22.3% |
| Taxes450/3 | - | - | - | €4,000 | €7,809 | €9,552 | ▲ 22.3% |
| Other amounts payable47/48 | - | - | - | €15,916 | €114,970 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,598 | €14,059 | €12,001 | -€1,451 | €23,427 | €5,228 | ▼ 77.7% |
| Operating cash flow (approximation) | €6,598 | €14,059 | €12,001 | -€1,451 | €23,427 | €5,228 | ▼ 77.7% |
| Change in cash | - | €6,691 | €54,034 | €9,084 | €169,339 | -€126,037 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 30 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | micro format | 12-06-2024 | 2024-00137892 | |
| 31-12-2022 | full format | 28-06-2023 | 2023-00175724 | |
| 31-12-2021 | full format | 27-06-2022 | 2022-20101950 | |
| 31-12-2020 | full format | 01-07-2021 | 2021-28800195 | |
| 31-12-2019 | full format | 17-06-2020 | 2020-17800337 | |
| 31-12-2018 | full format | 28-06-2019 | 2019-24700002 | |
| 31-12-2017 | full format | 21-06-2018 | 2018-20900182 | |
| 31-12-2016 | full format | 07-06-2017 | 2017-15500385 | |
| 31-12-2015 | full format | 28-06-2016 | 2016-22800438 | |
| 31-12-2014 | full format | 23-06-2015 | 2015-22900522 |