CONSOLVING
Open bankruptcyFinancials · financial year 2023, micro format
2023 annual accounts filed late (68 days) Filed on 7 October 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00502745.
Equity
-€130,880▼ 1.3%
2022 · -€129,194
Total assets
€35,489▼ 39.5%
2022 · €58,636
Net result
-€1,686
2022 · €51,302
Working capital
-€17,277▲ 48.3%
2022 · -€33,402
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result falls in 2023; 2023 is 74% below 2022.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€15,139
2023
Net result-€1,686
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€35,489
2023
Equity-€130,880
2023
Debt€153,177
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€17,277
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-4.8%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-368.8%
2023
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.66
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)0.1
2022
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result-€100,639-€4,425-€39,027-€48,292▼ 23.7%€57,830€15,139▼ 73.8%
Net result-€103,838-€2,075-€39,237below the sector's middle half-€55,747below the sector's middle half▼ 42.1%€51,302above the sector's middle half-€1,686below the sector's middle half
Equity-€97,586--€95,511▲ 2.1%-€124,748below the sector's middle half▼ 30.6%-€180,496below the sector's middle half▼ 44.7%-€129,194below the sector's middle half▲ 28.4%-€130,880below the sector's middle half▼ 1.3%
Total assets€30,156-€62,893▲ 109%€68,192below the sector's middle half▲ 8.4%€24,682below the sector's middle half▼ 63.8%€58,636below the sector's middle half▲ 138%€35,489below the sector's middle half▼ 39.5%
Debt€127,742-€158,404▲ 24.0%€192,940▲ 21.8%€205,178▲ 6.3%€187,830▼ 8.5%€153,177▼ 18.4%
Working capital-€10,321--€47,234▼ 358%-€157,631below the sector's middle half▼ 234%-€196,580below the sector's middle half▼ 24.7%-€33,402below the sector's middle half▲ 83.0%-€17,277below the sector's middle half▲ 48.3%
Solvency-323.6%--151.9%▲ 171.7pp-182.9%below the sector's middle half▼ 31.1pp-731.3%below the sector's middle half▼ 548.3pp-220.3%below the sector's middle half▲ 510.9pp-368.8%below the sector's middle half▼ 148.5pp
Current ratio0.73-0.19▼ 0.540.16below the sector's middle half▼ 0.030.00below the sector's middle half▼ 0.160.58below the sector's middle half▲ 0.580.66below the sector's middle half▲ 0.08
Return on assets (ROA)-344.3%-3.3%▲ 347.6pp-57.5%below the sector's middle half▼ 60.8pp-225.9%below the sector's middle half▼ 168.3pp87.5%above the sector's middle half▲ 313.4pp-4.8%below the sector's middle half▼ 92.2pp
Staff (FTE)1within the sector's middle half1=0.1▼ 90.0%
above
within
below
the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €35,489
Fixed assets
€1,199 ▼ 90.2%
Current assets
€34,291 ▼ 26.1%
Equity and liabilities
Equity-€130,880
Debt€153,177
Equity is negative: debt (€153,177) exceeds the balance-sheet total (€35,489).
Key figures and ratios
EBITDA
€27,414▼
2022 · €70,039
Cash flow
€10,589▼
2022 · €63,511
Interest coverage
13.94▲
2022 · 11.33
Debt ≤ 1 year
€51,568▼
2022 · €79,830
Debt > 1 year
€101,500▼
2022 · €108,000
Income taxes
€14,868▲
2022 · €347
Staff costs
€2,367▲
2022 · €1,921
No debt to equity: equity is negative, so debt divided by equity means nothing.
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 |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €1,000 | €274 | ▼ 72.6% |
| Remuneration, social security and pensions62 | - | - | - | €42,896 | €1,921 | €2,367 | ▲ 23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,401 | €19,955 | €12,514 | €12,514 | €12,208 | €12,275 | ▲ 0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €2,038 | - | - |
| Other operating charges640/8 | - | - | - | €124 | €2,166 | €1,534 | ▼ 29.2% |
| Gross operating margin9900 | -€88,935 | €71,389 | €24,061 | €7,241 | €76,163 | €31,315 | ▼ 58.9% |
| Operating profit (loss)9901 | -€100,639 | €4,425 | -€39,027 | -€48,292 | €57,830 | €15,139 | ▼ 73.8% |
| Financial income75/76B | - | - | - | €1,686 | - | €10 | - |
| Recurring financial income75 | €149 | - | €4,172 | €1,686 | - | €10 | - |
| Financial charges65/66B | - | - | - | €8,800 | €6,181 | €1,967 | ▼ 68.2% |
| Recurring financial charges65 | €2,383 | €2,350 | €4,040 | €8,800 | €6,181 | €1,967 | ▼ 68.2% |
| Profit (loss) for the period before taxes9903 | -€102,873 | €2,075 | -€38,895 | -€55,407 | €51,649 | €13,182 | ▼ 74.5% |
| Income taxes67/77 | €965 | - | €342 | €341 | €347 | €14,868 | ▲ 4,183% |
| Profit (loss) for the period9904 | -€103,838 | €2,075 | -€39,237 | -€55,747 | €51,302 | -€1,686 | - |
| Profit (loss) for the period to be appropriated9905 | -€103,838 | €2,075 | -€39,237 | -€55,747 | €51,302 | -€1,686 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €30,156 | €62,893 | €68,192 | €24,682 | €58,636 | €35,489 | ▼ 39.5% |
| Fixed assets21/28 | €2,735 | €51,723 | €37,049 | €24,417 | €12,208 | €1,199 | ▼ 90.2% |
| Intangible fixed assets21 | - | €48,833 | €36,625 | €24,417 | €12,208 | - | - |
| Tangible fixed assets22/27 | €2,616 | €2,771 | €305 | - | - | €1,199 | - |
| Plant, machinery and equipment23 | - | - | - | - | - | €211 | - |
| Furniture and vehicles24 | - | - | - | - | - | €988 | - |
| Financial fixed assets28 | €119 | €119 | €119 | - | - | - | - |
| Current assets29/58 | €27,421 | €11,170 | €31,143 | €266 | €46,428 | €34,291 | ▼ 26.1% |
| Amounts receivable within one year40/41 | €8,209 | €5,148 | €30,883 | €140 | €6,380 | €22,888 | ▲ 259% |
| Trade receivables40 | - | - | - | - | €6,254 | €11,264 | ▲ 80.1% |
| Other amounts receivable41 | - | - | - | €140 | €126 | €11,624 | ▲ 9,133% |
| Cash at bank and in hand54/58 | €18,452 | €4,068 | €150 | €126 | €39,995 | €11,270 | ▼ 71.8% |
| Deferred charges and accrued income490/1 | - | - | - | - | €53 | €133 | ▲ 150% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €30,156 | €62,893 | €68,192 | €24,682 | €58,636 | €35,489 | ▼ 39.5% |
| Equity10/15 | -€97,586 | -€95,511 | -€124,748 | -€180,496 | -€129,194 | -€130,880 | ▼ 1.3% |
| Contributions10/11 | €6,200 | €6,200 | - | €16,200 | €16,200 | €16,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€105,646 | -€103,571 | -€142,808 | -€198,556 | -€147,254 | -€148,940 | ▼ 1.1% |
| Provisions and deferred taxes16 | - | - | - | - | - | €13,192 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | - | €13,192 | - |
| Taxes161 | - | - | - | - | - | €13,192 | - |
| Amounts payable17/49 | €127,742 | €158,404 | €192,940 | €205,178 | €187,830 | €153,177 | ▼ 18.4% |
| Amounts payable after more than one year17 | €90,000 | €100,000 | €4,166 | €8,333 | €108,000 | €101,500 | ▼ 6.0% |
| Financial debts170/4 | - | - | - | €8,333 | €108,000 | €101,500 | ▼ 6.0% |
| Amounts payable within one year42/48 | €37,742 | €58,404 | €188,774 | €196,846 | €79,830 | €51,568 | ▼ 35.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €95,631 | - | €6,500 | - |
| Trade debts44 | €12,274 | €26,908 | €53,704 | €24,081 | €11,623 | €6,245 | ▼ 46.3% |
| Suppliers440/4 | - | - | - | €24,081 | €11,623 | €6,245 | ▼ 46.3% |
| Advances received on contracts in progress46 | - | - | - | - | €1,046 | €1,046 | = |
| Taxes, remuneration and social security45 | - | - | - | €20,332 | €17,151 | €6,414 | ▼ 62.6% |
| Taxes450/3 | - | - | - | €11,982 | €15,714 | €6,414 | ▼ 59.2% |
| Remuneration and social security454/9 | - | - | - | €8,349 | €1,437 | - | - |
| Other amounts payable47/48 | - | - | - | €56,802 | €50,010 | €31,363 | ▼ 37.3% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €109 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€103,838 | €2,075 | -€39,237 | -€55,747 | €51,302 | -€1,686 | - |
| + Depreciation and write-downs630 | €2,401 | €19,955 | €12,514 | €12,514 | €12,208 | €12,275 | ▲ 0.5% |
| Operating cash flow (approximation) | -€101,437 | €22,030 | -€26,723 | -€43,234 | €63,511 | €10,589 | ▼ 83.3% |
| Investment in fixed assets (approximation) | - | -€68,943 | €2,160 | €118 | €0 | -€1,265 | - |
| Change in cash | - | -€14,384 | -€3,918 | -€24 | €39,868 | -€28,725 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | micro format | 07-10-2024 | 2024-00502745 |
| 31-12-2022 | micro format | 27-05-2024 | 2024-00096693 |
| 31-12-2021 | micro format | 27-10-2022 | 2022-20473882 |
| 31-12-2020 | micro format | 30-09-2021 | 2021-69800115 |
| 31-12-2019 | micro format | 30-10-2020 | 2020-66000528 |
| 31-12-2018 | micro format | 29-01-2020 | 2020-04300527 |
| 31-12-2017 | micro format | 31-08-2018 | 2018-59400129 |
| 31-12-2016 | micro format | 28-08-2017 | 2017-55000245 |
| 31-12-2015 | full format | 31-08-2016 | 2016-55000156 |
| 31-12-2014 | full format | 30-07-2015 | 2015-37600601 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 16,956 active companies whose main activity is computer programming (NACE 62100), figures are known for 8,928. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.