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COMPLEX

Inactive KBO/BCE: BE 0674.719.429
COMPLEX
Financial year 2021
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Annual accounts 2021

abbreviated format, filed on 20-12-2022, 142 days late
Turnover
€35,927
Operating result
-€109,892
EBITDA
-€105,292
Cash flow
-€105,464
Solvency
-130.4%
Current ratio
0.99

Money flows

turnover is 24.6% of income in 2021

Balance sheet

balance sheet total €28,351 on 31-12-2021
What the company ownsHow it is paid for

Change in equity

Change in cash

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2021201920182017
Balance sheet: assets
Total assets20/58 28,351160,12055,92659,134
Fixed assets21/28 1,73511,06016,15821,256
Tangible fixed assets22/27 1,15010,47515,57320,671
Plant, machinery and equipment23 -1256231,121
Furniture and vehicles24 1,15010,35014,95019,550
Financial fixed assets28 585585585585
Current assets29/58 26,616149,06039,76837,878
Amounts receivable within one year40/41 22,397129,86333,94922,933
Trade receivables40 4,75892,57822,4834,638
Other amounts receivable41 17,63937,28611,46618,294
Cash at bank and in hand54/58 4,21919,1975,81914,945
Balance sheet: equity and liabilities
Total equity and liabilities10/49 28,351160,12055,92659,134
Equity10/15 -36,983118,43234,71844,641
Contributions10/11 19,00019,00019,00019,000
Capital10 19,000---
Issued capital100 19,00019,00019,00019,000
Reserves13 1,8601,8601,8601,860
Non-distributable reserves130/1 1,860---
Legal reserve130 1,8601,8601,8601,860
Profit (loss) carried forward14 -57,84397,57213,85823,781
Amounts payable17/49 65,33441,68721,20814,493
Amounts payable after more than one year17 38,369---
Financial debts170/4 38,369---
Amounts payable within one year42/48 26,96541,68721,20814,493
Financial debts43 14---
Credit institutions430/8 14---
Trade debts44 8,96519,1349,07814,493
Suppliers440/4 8,96519,1349,07814,493
Taxes, remuneration and social security45 13,095113--
Taxes450/3 8,398113--
Remuneration and social security454/9 4,697---
Other amounts payable47/48 4,89122,44012,130-
Income statement
Turnover70 35,927---
Gross operating margin9900 -101,963104,7594,91529,691
Goods, raw materials, services and sundry goods60/61 137,890---
Remuneration, social security and pensions62 1,047-86-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 4,6005,0986,5313,824
Other operating charges640/8 2,28227234214
Non-recurring operating charges66A --1,365-
Operating profit (loss)9901 -109,89299,389-3,10225,653
Financial income75/76B -0-2
Recurring financial income75 -0-2
Financial charges65/66B 17211618514
Recurring financial charges65 17211618514
Profit (loss) for the period before taxes9903 -110,06499,273-3,28725,641
Income taxes67/77 -15,5586,636-
Profit (loss) for the period9904 -110,06483,714-9,92325,641
Profit (loss) for the period to be appropriated9905 -110,06483,714-9,92325,641
Appropriation of the result
Profit (loss) to be appropriated9906 -57,84397,57213,85825,641
Profit (loss) brought forward from the previous period14P 52,221---
Transfer to equity691/2 ---1,860
To the legal reserve6920 ---1,860
Document PDFPDFPDFPDF

The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2021 (PDF), filed on 20-12-2022.

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Filings

each dot is a set of accounts, on the day it reached the National Bank

2021 annual accounts filed 142 days after the deadline. Filed on 20 December 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20548613.

Financial year Type Filed Reference Document
31-12-2021 abbreviated format 20-12-2022 2022-20548613 PDF
31-12-2019 micro format 25-09-2020 2020-56000206 PDF
31-12-2018 micro format 23-12-2019 2019-77800294 PDF
31-12-2017 micro format 20-08-2018 2018-48300198 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2021201920182017
EBITDA -105,292104,4873,42929,477
Cash flow -105,46488,813-3,39229,465
Investment in fixed assets (approximation) -01,43325,080
Change in cash -13,378-9,126-
Working capital -349107,37318,56023,385
Solvency -130.4%74.0%62.1%75.5%
Current ratio 0.993.581.882.61
Debt to equity -0.350.610.32
ROE -70.7%-28.6%57.4%
ROA -388.2%52.3%-17.7%43.4%
Interest coverage -612.16---
Customer credit 48 days---
Supplier credit 24 days---

EBIT margin. Not meaningful: turnover is only a small part of operating income.

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on COMPLEX

The operating result for 2021 is a loss of €109,892, against €99,389 in 2019. Comparable figures for the intervening years are unavailable.

Equity is negative. Debt (€65,334) exceeds the balance-sheet total (€28,351).

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