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Open bankruptcyFinancials · financial year 2023, abbreviated format
Annual accounts 2023 filed on 01-07-2024 PDF all 18 filings
Turnover
≈ €45,000
Estimated: probably between €19,000 and €110,000
Total assets
€220,687▼ 4.0%
2022 · €229,926
Net result
€747
2022 · -€3,689
Working capital
-€143,860▲ 21.5%
2022 · -€183,366
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result for 2023 is nearly 26 times that of 2022. It is the second rise in a row, after the fall in 2021.
Operating result€5,775
2023
Net result€747
2023
Total assets€220,687
2023
Equity€29,933
2023
Debt€190,755
2023
Working capital-€143,860
2023
Return on assets (ROA)0.3%
2023
Solvency13.6%
2023
Current ratio0.01
2023
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.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Printing and reproduction of recorded media (NACE 18). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result€7,083--€8,406€5,948-€5,763€224€5,775▲ 26×
Net result-€1,114--€15,523▼ 1,293%€1,793within the sector's middle half-€10,789below the sector's middle half-€3,689below the sector's middle half▲ 65.8%€747within the sector's middle half
Equity€51,193-€41,870▼ 18.2%€43,663below the sector's middle half▲ 4.3%€32,875below the sector's middle half▼ 24.7%€29,186below the sector's middle half▼ 11.2%€29,933below the sector's middle half▲ 2.6%
Total assets€301,304-€284,895▼ 5.4%€253,358below the sector's middle half▼ 11.1%€234,534below the sector's middle half▼ 7.4%€229,926below the sector's middle half▼ 2.0%€220,687below the sector's middle half▼ 4.0%
Debt€250,112-€243,025▼ 2.8%€209,694▼ 13.7%€201,659▼ 3.8%€200,740▼ 0.5%€190,755▼ 5.0%
Working capital-€176,285--€186,678▼ 5.9%-€166,345below the sector's middle half▲ 10.9%-€174,802below the sector's middle half▼ 5.1%-€183,366below the sector's middle half▼ 4.9%-€143,860below the sector's middle half▲ 21.5%
Solvency17.0%-14.7%▼ 2.3pp17.2%within the sector's middle half▲ 2.5pp14.0%below the sector's middle half▼ 3.2pp12.7%below the sector's middle half▼ 1.3pp13.6%below the sector's middle half▲ 0.9pp
Current ratio0.17-0.15▼ 0.020.09below the sector's middle half▼ 0.060.07below the sector's middle half▼ 0.020.06below the sector's middle half▼ 0.010.01below the sector's middle half▼ 0.04
Return on assets (ROA)-0.4%--5.4%▼ 5.1pp0.7%within the sector's middle half▲ 6.2pp-4.6%below the sector's middle half▼ 5.3pp-1.6%below the sector's middle half▲ 3.0pp0.3%within the sector's middle half▲ 1.9pp
above
within
below
The sector band is the middle half of the companies in Printing and reproduction of recorded media (NACE 18). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €220,687
Fixed assets
€218,817 =
Current assets
€1,870 ▼ 83.2%
Equity and liabilities €220,687
Equity
€29,933 ▲ 2.6%
Debt
€190,755 ▼ 5.0%
Debt's share of the balance-sheet total falls from 87.3% to 86.4%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
6.37▼
2022 · 6.88
ROE
2.5%▲
2022 · -12.6%
Debt ≤ 1 year
€145,730▼
2022 · €194,475
Debt > 1 year
€45,025▲
2022 · €6,265
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 |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,100 | €14,587 | €14,587 | €14,587 | €3,337 | - | - |
| Other operating charges640/8 | - | - | - | €705 | €875 | €816 | ▼ 6.7% |
| Gross operating margin9900 | €21,627 | €7,119 | €21,065 | €9,528 | €4,435 | €6,591 | ▲ 48.6% |
| Operating profit (loss)9901 | €7,083 | -€8,406 | €5,948 | -€5,763 | €224 | €5,775 | ▲ 26× |
| Financial income75/76B | - | - | - | - | - | €0 | - |
| Recurring financial income75 | - | €8 | - | - | - | €0 | - |
| Financial charges65/66B | - | - | - | €5,025 | €3,913 | €5,028 | ▲ 28.5% |
| Recurring financial charges65 | €8,197 | €6,920 | €4,155 | €5,025 | €3,913 | €5,028 | ▲ 28.5% |
| Profit (loss) for the period before taxes9903 | -€1,114 | -€15,318 | €1,793 | -€10,789 | -€3,689 | €747 | - |
| Income taxes67/77 | - | €205 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€1,114 | -€15,523 | €1,793 | -€10,789 | -€3,689 | €747 | - |
| Profit (loss) for the period to be appropriated9905 | -€1,114 | -€15,523 | €1,793 | -€10,789 | -€3,689 | €747 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €301,304 | €284,895 | €253,358 | €234,534 | €229,926 | €220,687 | ▼ 4.0% |
| Fixed assets21/28 | €263,969 | €251,327 | €236,741 | €222,154 | €218,817 | €218,817 | = |
| Intangible fixed assets21 | €33,750 | €22,500 | €11,250 | - | - | - | - |
| Tangible fixed assets22/27 | €11,401 | €10,010 | €6,673 | €3,337 | - | - | - |
| Furniture and vehicles24 | - | - | - | €3,337 | - | - | - |
| Financial fixed assets28 | €218,817 | €218,817 | €218,817 | €218,817 | €218,817 | €218,817 | = |
| Current assets29/58 | €37,336 | €33,567 | €16,617 | €12,380 | €11,109 | €1,870 | ▼ 83.2% |
| Amounts receivable within one year40/41 | €29,085 | €12,322 | €5,866 | €446 | €218 | €72 | ▼ 66.8% |
| Trade receivables40 | - | - | - | €446 | €218 | €16 | ▼ 92.4% |
| Other amounts receivable41 | - | - | - | - | - | €56 | - |
| Cash at bank and in hand54/58 | €8,251 | €20,343 | €9,661 | €11,934 | €9,924 | €747 | ▼ 92.5% |
| Deferred charges and accrued income490/1 | - | - | - | - | €967 | €1,051 | ▲ 8.7% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €301,304 | €284,895 | €253,358 | €234,534 | €229,926 | €220,687 | ▼ 4.0% |
| Equity10/15 | €51,193 | €41,870 | €43,663 | €32,875 | €29,186 | €29,933 | ▲ 2.6% |
| Contributions10/11 | €12,400 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €32,840 | €32,840 | €32,840 | €32,840 | €32,840 | €32,840 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €30,980 | €30,980 | €30,980 | = |
| Profit (loss) carried forward14 | €5,953 | -€9,570 | -€7,776 | -€18,565 | -€22,254 | -€21,507 | ▲ 3.4% |
| Amounts payable17/49 | €250,112 | €243,025 | €209,694 | €201,659 | €200,740 | €190,755 | ▼ 5.0% |
| Amounts payable after more than one year17 | €36,491 | €22,780 | €26,676 | €14,477 | €6,265 | €45,025 | ▲ 619% |
| Financial debts170/4 | - | - | - | €14,477 | €6,265 | €45,025 | ▲ 619% |
| Amounts payable within one year42/48 | €213,621 | €220,245 | €182,962 | €187,182 | €194,475 | €145,730 | ▼ 25.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €12,704 | €8,740 | €11,432 | ▲ 30.8% |
| Financial debts43 | - | - | - | €14,890 | €19,628 | €19,065 | ▼ 2.9% |
| Credit institutions430/8 | - | - | - | €14,890 | €19,628 | €19,065 | ▼ 2.9% |
| Trade debts44 | €19,699 | €11,031 | €4,534 | €1,226 | €3,132 | €5,055 | ▲ 61.4% |
| Suppliers440/4 | - | - | - | €1,226 | €3,132 | €5,055 | ▲ 61.4% |
| Taxes, remuneration and social security45 | - | - | - | €355 | €1,098 | - | - |
| Taxes450/3 | - | - | - | €355 | €1,098 | - | - |
| Other amounts payable47/48 | - | - | - | €158,007 | €161,877 | €110,178 | ▼ 31.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,114 | -€15,523 | €1,793 | -€10,789 | -€3,689 | €747 | - |
| + Depreciation and write-downs630 | €14,100 | €14,587 | €14,587 | €14,587 | €3,337 | - | - |
| Operating cash flow (approximation) | €12,986 | -€936 | €16,380 | €3,798 | -€352 | €747 | - |
| Investment in fixed assets (approximation) | - | -€1,945 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €12,091 | -€10,682 | €2,273 | -€2,009 | -€9,177 | ▼ 357% |
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 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | abbreviated format | 01-07-2024 | 2024-00204463 | |
| 31-12-2022 | abbreviated format | 22-06-2023 | 2023-00164511 | |
| 31-12-2021 | abbreviated format | 30-06-2022 | 2022-20127461 | |
| 31-12-2020 | abbreviated format | 10-06-2021 | 2021-19000218 | |
| 31-12-2019 | abbreviated format | 08-07-2020 | 2020-27900170 | |
| 31-12-2018 | abbreviated format | 24-06-2019 | 2019-22000362 | |
| 31-12-2017 | abbreviated format | 02-07-2018 | 2018-27800272 | |
| 31-12-2016 | abbreviated format | 29-06-2017 | 2017-27400033 | |
| 31-12-2015 | abbreviated format | 05-07-2016 | 2016-28000059 | |
| 31-12-2014 | abbreviated format | 10-07-2015 | 2015-31300174 |