COMPENSIMMO
Bankruptcy closedFinancials · financial year 2022, full format
2022 annual accounts filed 31 days after the deadline Filed on 31 August 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00437539.
Annual accounts 2022 filed on 31-08-2023 PDF all 4 filings
Turnover
≈ €180,000
Estimated: probably between €110,000 and €340,000
EBIT margin
Not included in this filing
Net result
€40,606▼ 30.4%
2021 · €58,318
Working capital
€78,549▲ 108%
2021 · €37,688
Multi-year overview
2019 to 2022, 4 financial yearsOperating result
€56,963
▼ 29.3%
2022
20192022
Net result
€40,606
▼ 30.4%
2022
20192022
Equity
€82,558
▲ 96.8%
2022
20192022
Total assets
€193,007
▼ 34.0%
2022
20192022
Debt
€110,449
▼ 55.9%
2022
20192022
Working capital
€78,549
▲ 108%
2022
20192022
Staff (FTE)
0
▼ 100%
2022
20192022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022
Operating result€37,744-€210,731▲ 458%€80,527▼ 61.8%€56,963▼ 29.3%
Net result€25,915-€157,757▲ 509%€58,318▼ 63.0%€40,606▼ 30.4%
Equity€14,196-€41,952▲ 196%€41,952=€82,558▲ 96.8%
Total assets€49,479-€197,923▲ 300%€292,216▲ 47.6%€193,007▼ 34.0%
Debt€35,283-€155,970▲ 342%€250,264▲ 60.5%€110,449▼ 55.9%
Working capital€11,901-€36,702▲ 208%€37,688▲ 2.7%€78,549▲ 108%
Staff (FTE)0.6-0.6=1▲ 66.7%0▼ 100%
The operating result for 2022 is 29% lower than in 2021 and the lowest since 2019. It is the second fall in a row.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €193,007
Fixed assets
€4,009 ▼ 11.7%
Current assets
€188,998 ▼ 34.3%
Equity and liabilities €193,007
Equity
€82,558 ▲ 96.8%
Debt
€110,449 ▼ 55.9%
Debt's share of the balance-sheet total falls from 85.6% to 57.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€57,921▼
2021 · €82,220
Cash flow
€41,564▼
2021 · €60,011
Current ratio
1.71▲
2021 · 1.15
Quick ratio
0.64▲
2021 · 0.59
Debt to equity
1.34▼
2021 · 5.97
ROE
49.2%▼
2021 · 139.0%
ROA
21.0%▲
2021 · 20.0%
Interest coverage
48.69▲
2021 · 22.41
Debt ≤ 1 year
€110,449▼
2021 · €249,989
Income taxes
€15,500▼
2021 · €19,986
Staff costs
€0▼
2021 · €4,682
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 |
|---|---|
| Average over the year, in full-time equivalents | 0.6 |
Source: social balance sheet in the 2021 annual accounts
Investments
| Item | 2021 | 2022 |
|---|---|---|
| Tangible fixed assets | €981 | €3,652 |
| Depreciation and write-downs of the year | €1,693 | €958 |
Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €4,682 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,332 | €793 | €1,693 | €958 | ▼ 43.4% |
| Other operating charges640/8 | - | - | €8,927 | €746 | ▼ 91.6% |
| Non-recurring operating charges66A | - | - | €496 | €5,718 | ▲ 12× |
| Gross operating margin9900 | €73,949 | €229,110 | €96,325 | €64,385 | ▼ 33.2% |
| Operating profit (loss)9901 | €37,744 | €210,731 | €80,527 | €56,963 | ▼ 29.3% |
| Financial income75/76B | - | - | €1,445 | €333 | ▼ 77.0% |
| Recurring financial income75 | - | €163 | €1,445 | €333 | ▼ 77.0% |
| Financial charges65/66B | - | - | €3,668 | €1,190 | ▼ 67.6% |
| Recurring financial charges65 | €944 | €1,467 | €3,668 | €1,190 | ▼ 67.6% |
| Non-recurring financial charges66B | - | - | - | €0 | - |
| Profit (loss) for the period before taxes9903 | €36,800 | €209,427 | €78,304 | €56,106 | ▼ 28.3% |
| Income taxes67/77 | €10,886 | €51,670 | €19,986 | €15,500 | ▼ 22.4% |
| Profit (loss) for the period9904 | €25,915 | €157,757 | €58,318 | €40,606 | ▼ 30.4% |
| Profit (loss) for the period to be appropriated9905 | €25,915 | €157,757 | €58,318 | €40,606 | ▼ 30.4% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €49,479 | €197,923 | €292,216 | €193,007 | ▼ 34.0% |
| Fixed assets21/28 | €2,295 | €5,250 | €4,539 | €4,009 | ▼ 11.7% |
| Tangible fixed assets22/27 | €2,295 | €5,250 | €4,539 | €4,009 | ▼ 11.7% |
| Furniture and vehicles24 | - | - | €4,539 | €4,009 | ▼ 11.7% |
| Current assets29/58 | €47,184 | €192,672 | €287,677 | €188,998 | ▼ 34.3% |
| Amounts receivable after more than one year29 | - | - | €7,000 | €0 | ▼ 100% |
| Other amounts receivable291 | - | - | €7,000 | €0 | ▼ 100% |
| Stocks and contracts in progress3 | - | €30,000 | €140,238 | €117,776 | ▼ 16.0% |
| Stocks30/36 | - | - | €140,238 | €117,776 | ▼ 16.0% |
| Amounts receivable within one year40/41 | €14,420 | €82,308 | €80,200 | €11,276 | ▼ 85.9% |
| Trade receivables40 | - | - | €12,004 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | €68,195 | €11,276 | ▼ 83.5% |
| Current investments50/53 | - | €59,905 | €59,905 | €59,905 | = |
| Cash at bank and in hand54/58 | €28,196 | €19,843 | €334 | €40 | ▼ 88.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €49,479 | €197,923 | €292,216 | €193,007 | ▼ 34.0% |
| Equity10/15 | €14,196 | €41,952 | €41,952 | €82,558 | ▲ 96.8% |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €7,996 | €35,752 | €35,752 | €76,358 | ▲ 114% |
| Amounts payable17/49 | €35,283 | €155,970 | €250,264 | €110,449 | ▼ 55.9% |
| Amounts payable within one year42/48 | €35,283 | €155,970 | €249,989 | €110,449 | ▼ 55.8% |
| Financial debts43 | - | - | €174,578 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €0 | - |
| Other loans439 | - | - | €174,578 | - | - |
| Trade debts44 | €4,766 | €27,996 | €1,374 | €15,000 | ▲ 991% |
| Suppliers440/4 | - | - | €1,374 | €15,000 | ▲ 991% |
| Taxes, remuneration and social security45 | - | - | €73,337 | €35,449 | ▼ 51.7% |
| Taxes450/3 | - | - | €73,337 | €35,449 | ▼ 51.7% |
| Other amounts payable47/48 | - | - | €700 | €60,000 | ▲ 86× |
| Accrued charges and deferred income492/3 | - | - | €275 | €0 | ▼ 100% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,915 | €157,757 | €58,318 | €40,606 | ▼ 30.4% |
| + Depreciation and write-downs630 | €1,332 | €793 | €1,693 | €958 | ▼ 43.4% |
| Operating cash flow (approximation) | €27,247 | €158,550 | €60,011 | €41,564 | ▼ 30.7% |
| Investment in fixed assets (approximation) | - | -€3,748 | -€981 | -€429 | ▲ 56.3% |
| Change in cash | - | -€8,353 | -€19,509 | -€294 | ▲ 98.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.