CONCOR TECHNICS
InactiveFinancials · financial year 2021, micro format
Annual accounts 2021 filed on 01-07-2022 PDF all 12 filings
Turnover
≈ €82,000
Estimated: probably between €37,000 and €200,000
Total assets
€239,723▼ 6.5%
2020 · €256,298
Net result
€9,562▼ 95.4%
2020 · €205,756
Working capital
€229,926▲ 1.9%
2020 · €225,581
Trend over the years
2018 to 2021, 4 financial years 2018 to 2021, 4 financial years
The operating result for 2021 is 69% lower than in 2020.
Operating result€10,123
2021
Net result€9,562
2021
Total assets€239,723
2021
Equity€236,749
2021
Debt€2,974
2021
Working capital€229,926
2021
Staff (FTE)1
2020
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result€8,611-€14,069▲ 63.4%€32,237▲ 129%€10,123▼ 68.6%
Net result€5,871-€9,696▲ 65.2%€205,756▲ 21×€9,562▼ 95.4%
Equity€63,735-€21,431▼ 66.4%€227,187▲ 960%€236,749▲ 4.2%
Total assets€99,354-€83,726▼ 15.7%€256,298▲ 206%€239,723▼ 6.5%
Debt€35,619-€62,295▲ 74.9%€29,111▼ 53.3%€2,974▼ 89.8%
Working capital€44,641-€3,196▼ 92.8%€225,581▲ 71×€229,926▲ 1.9%
Staff (FTE)0.11▲ 900%
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Large changes and their cause
- 2021 Net result -95% on 2020. Last accounts before the absorption by MANATY INVESTMENTS (Official Gazette 19-09-2022).
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €239,723
Fixed assets
€6,823 ▲ 325%
Current assets
€232,900 ▼ 8.6%
Equity and liabilities €239,723
Equity
€236,749 ▲ 4.2%
Debt
€2,974 ▼ 89.8%
Debt's share of the balance-sheet total falls from 11.4% to 1.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€12,055▼
2020 · €33,096
Cash flow
€11,495▼
2020 · €206,615
Current ratio
78.31▲
2020 · 8.75
Debt to equity
0.01
ROE
4.0%▼
2020 · 90.6%
ROA
4.0%▼
2020 · 80.3%
Interest coverage
58.73
Debt ≤ 1 year
€2,974▼
2020 · €29,111
Income taxes
€3,338▼
2020 · €9,143
Staff costs
-€1,430
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 |
|---|---|
| Tangible fixed assets | €7,149 |
| Depreciation and write-downs of the year | €1,932 |
Source: notes to the 2021 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | -€1,430 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €865 | €859 | €859 | €1,932 | ▲ 125% |
| Other operating charges640/8 | - | - | - | €69 | - |
| Gross operating margin9900 | €9,824 | €19,770 | €87,887 | €10,694 | ▼ 87.8% |
| Operating profit (loss)9901 | €8,611 | €14,069 | €32,237 | €10,123 | ▼ 68.6% |
| Financial income75/76B | - | - | - | €2,983 | - |
| Recurring financial income75 | - | €7 | €9,131 | €2,983 | ▼ 67.3% |
| Financial charges65/66B | - | - | - | €205 | - |
| Recurring financial charges65 | €187 | €189 | €199 | €205 | ▲ 3.2% |
| Profit (loss) for the period before taxes9903 | €8,424 | €13,886 | €214,899 | €12,901 | ▼ 94.0% |
| Income taxes67/77 | €2,553 | €4,190 | €9,143 | €3,338 | ▼ 63.5% |
| Profit (loss) for the period9904 | €5,871 | €9,696 | €205,756 | €9,562 | ▼ 95.4% |
| Profit (loss) for the period to be appropriated9905 | €5,871 | €9,696 | €205,756 | €9,562 | ▼ 95.4% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €99,354 | €83,726 | €256,298 | €239,723 | ▼ 6.5% |
| Fixed assets21/28 | €19,094 | €18,235 | €1,606 | €6,823 | ▲ 325% |
| Tangible fixed assets22/27 | €3,324 | €2,465 | €1,606 | €6,823 | ▲ 325% |
| Plant, machinery and equipment23 | - | - | - | €675 | - |
| Furniture and vehicles24 | - | - | - | €6,148 | - |
| Financial fixed assets28 | €15,770 | €15,770 | - | - | - |
| Current assets29/58 | €80,260 | €65,491 | €254,692 | €232,900 | ▼ 8.6% |
| Amounts receivable within one year40/41 | €20,948 | €20,013 | €215,049 | €134,165 | ▼ 37.6% |
| Trade receivables40 | - | - | - | €126 | - |
| Other amounts receivable41 | - | - | - | €134,039 | - |
| Cash at bank and in hand54/58 | €59,312 | €45,478 | €39,642 | €98,623 | ▲ 149% |
| Deferred charges and accrued income490/1 | - | - | - | €112 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €99,354 | €83,726 | €256,298 | €239,723 | ▼ 6.5% |
| Equity10/15 | €63,735 | €21,431 | €227,187 | €236,749 | ▲ 4.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | - |
| Issued capital100 | - | - | - | €18,600 | - |
| Reserves13 | €45,135 | €2,831 | €208,587 | €218,149 | ▲ 4.6% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Legal reserve130 | - | - | - | €1,860 | - |
| Distributable reserves133 | - | - | - | €216,289 | - |
| Amounts payable17/49 | €35,619 | €62,295 | €29,111 | €2,974 | ▼ 89.8% |
| Amounts payable within one year42/48 | €35,619 | €62,295 | €29,111 | €2,974 | ▼ 89.8% |
| Trade debts44 | €35,566 | €4,221 | €15,035 | €993 | ▼ 93.4% |
| Suppliers440/4 | - | - | - | €993 | - |
| Taxes, remuneration and social security45 | - | - | - | €1,981 | - |
| Taxes450/3 | - | - | - | €1,981 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,871 | €9,696 | €205,756 | €9,562 | ▼ 95.4% |
| + Depreciation and write-downs630 | €865 | €859 | €859 | €1,932 | ▲ 125% |
| Operating cash flow (approximation) | €6,736 | €10,555 | €206,615 | €11,495 | ▼ 94.4% |
| Investment in fixed assets (approximation) | - | €0 | €15,770 | -€7,149 | - |
| Change in cash | - | -€13,834 | -€5,835 | €58,980 | - |
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 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | micro format | 01-07-2022 | 2022-20127280 | |
| 31-12-2020 | micro format | 20-07-2021 | 2021-37900141 | |
| 31-12-2019 | micro format | 26-06-2020 | 2020-21200557 | |
| 31-12-2018 | micro format | 11-07-2019 | 2019-32000489 | |
| 31-12-2017 | abbreviated format | 12-07-2018 | 2018-32500342 | |
| 31-12-2016 | abbreviated format | 29-06-2017 | 2017-25200298 | |
| 31-12-2015 | abbreviated format | 05-07-2016 | 2016-28000122 | |
| 31-12-2014 | abbreviated format | 31-07-2015 | 2015-38500573 | |
| 31-12-2013 | abbreviated format | 15-07-2014 | 2014-31100133 | |
| 31-12-2012 | abbreviated format | 12-08-2013 | 2013-42000448 |