CORHOE
InactiveFinancials · financial year 2023, abbreviated format
Turnover
≈ €870,000
Estimated: probably between €520,000 and €1.5m
EBIT margin
Not included in this filing
Net result
-€1.8m▼ 6,619%
2022 · -€26,150
Working capital
-€123,805▲ 88.0%
2022 · -€1.0m
Trend over the years
2020 to 2023, 4 financial years
The operating result stays negative: a loss of €277,353 in 2023 against €22,598 in 2022; the loss grows and 2023 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.3m
2023
Net result-€1.8m
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€41.9m
2023
Equity€7.2m
2023
Debt€34.8m
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.1m
2023
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2020202120222023
Operating result-€0.002m--€0.001m▲ 69.1%-€0.02m▼ 3,050%-€0.3m▼ 1,127%
Net result-€0.002m-€56-€0.03m-€1.8m▼ 6,619%
Equity€0.06m-€0.06m▲ 0.1%€9.0m▲ 151×€7.2m▼ 19.6%
Total assets€0.06m-€0.06m▲ 0.1%€16.6m▲ 280×€41.9m▲ 153%
Debt€7.6m€34.8m▲ 357%
Working capital-€1.0m-€0.1m▲ 88.0%
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €41.9m
Fixed assets
€40.9m ▲ 148%
Current assets
€1.0m ▲ 17×
Equity and liabilities €41.9m
Equity
€7.2m ▼ 19.6%
Debt
€34.8m ▲ 357%
Debt's share of the balance-sheet total rises from 46.0% to 82.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€368,707
Cash flow
-€1.1m
Current ratio
0.89▲
2022 · 0.06
Debt to equity
4.83▲
2022 · 0.85
ROE
-24.4%▼
2022 · -0.3%
ROA
-4.2%▼
2022 · -0.2%
Interest coverage
0.25
Debt ≤ 1 year
€1.2m▲
2022 · €1.1m
Debt > 1 year
€33.0m▲
2022 · €6.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Operating charges60/66A | - | €0.001m | - | - | - |
| Services and other goods61 | - | €0.001m | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €0.6m | - |
| Other operating charges640/8 | - | €62 | €0.001m | €132 | ▼ 86.3% |
| Gross operating margin9900 | - | - | -€0.02m | €0.4m | - |
| Operating profit (loss)9901 | -€0.002m | -€0.001m | -€0.02m | -€0.3m | ▼ 1,127% |
| Financial income75/76B | - | €0.001m | €125 | - | - |
| Recurring financial income75 | - | €0.001m | €125 | - | - |
| Other financial income752/9 | - | €0.001m | - | - | - |
| Financial charges65/66B | - | €36 | €0.004m | €1.5m | ▲ 402× |
| Recurring financial charges65 | €45 | €36 | €0.004m | €1.5m | ▲ 402× |
| Debt charges650 | - | €36 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€0.002m | €56 | -€0.03m | -€1.8m | ▼ 6,619% |
| Profit (loss) for the period9904 | -€0.002m | €56 | -€0.03m | -€1.8m | ▼ 6,619% |
| Profit (loss) for the period to be appropriated9905 | -€0.002m | €56 | -€0.03m | -€1.8m | ▼ 6,619% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €0.06m | €0.06m | €16.6m | €41.9m | ▲ 153% |
| Fixed assets21/28 | - | - | €16.5m | €40.9m | ▲ 148% |
| Tangible fixed assets22/27 | - | - | €16.5m | €40.9m | ▲ 148% |
| Land and buildings22 | - | - | - | €36.2m | - |
| Assets under construction and advance payments27 | - | - | €16.5m | €4.7m | ▼ 71.4% |
| Current assets29/58 | €0.06m | €0.06m | €0.06m | €1.0m | ▲ 17× |
| Amounts receivable within one year40/41 | - | €0.06m | €0.003m | €1.0m | ▲ 311× |
| Trade receivables40 | - | - | - | €0.9m | - |
| Other amounts receivable41 | - | €0.06m | €0.003m | €0.1m | ▲ 45× |
| Cash at bank and in hand54/58 | €0.06m | €0.001m | €0.06m | €0.02m | ▼ 70.4% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €0.06m | €0.06m | €16.6m | €41.9m | ▲ 153% |
| Equity10/15 | €0.06m | €0.06m | €9.0m | €7.2m | ▼ 19.6% |
| Contributions10/11 | €0.06m | €0.06m | €9.0m | €9.0m | = |
| Capital10 | - | €0.06m | €9.0m | €9.0m | = |
| Issued capital100 | - | €0.06m | €9.0m | €9.0m | = |
| Profit (loss) carried forward14 | -€0.002m | -€0.002m | -€0.03m | -€1.8m | ▼ 6,173% |
| Amounts payable17/49 | - | - | €7.6m | €34.8m | ▲ 357% |
| Amounts payable after more than one year17 | - | - | €6.5m | €33.0m | ▲ 406% |
| Financial debts170/4 | - | - | €6.5m | €33.0m | ▲ 406% |
| Amounts payable within one year42/48 | - | - | €1.1m | €1.2m | ▲ 7.2% |
| Trade debts44 | - | - | €1.1m | €0.4m | ▼ 58.9% |
| Suppliers440/4 | - | - | €1.1m | €0.4m | ▼ 58.9% |
| Other amounts payable47/48 | - | - | €0.004m | €0.7m | ▲ 199× |
| Accrued charges and deferred income492/3 | - | - | - | €0.6m | - |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.002m | €56 | -€0.03m | -€1.8m | ▼ 6,619% |
| + Depreciation and write-downs630 | - | - | - | €0.6m | - |
| Operating cash flow (approximation) | -€0.002m | €56 | -€0.03m | -€1.1m | ▼ 4,148% |
| Investment in fixed assets (approximation) | - | - | - | -€25.0m | - |
| Change in cash | - | -€0.06m | €0.06m | -€0.04m | - |
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 (4)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | abbreviated format | 27-05-2024 | 2024-00102193 |
| 31-12-2022 | abbreviated format | 25-07-2023 | 2023-00296141 |
| 31-12-2021 | full format | 13-07-2022 | 2022-20186400 |
| 31-12-2020 | full format | 18-07-2021 | 2021-37800465 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.