COTELCO
InactiveFinancials · financial year 2021, micro format
Equity
-€11,261▼ 235%
2020 · -€3,358
Total assets
€43,783▼ 12.5%
2020 · €50,018
Net result
-€7,903▲ 60.5%
2020 · -€20,009
Working capital
-€21,917▼ 8.1%
2020 · -€20,276
Trend over the years
2018 to 2021, 4 financial years 2018 to 2021, 4 financial years
The operating result stays negative: a loss of €9,555 in 2021 against €17,806 in 2020; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€9,555
2021
Net result-€7,903
2021
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€43,783
2021
Equity-€11,261
2021
Debt€55,044
2021
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€21,917
2021
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€2,396--€8,195-€17,806▼ 117%-€9,555▲ 46.3%
Net result-€353--€12,720▼ 3,506%-€20,009▼ 57.3%-€7,903▲ 60.5%
Equity€29,370-€16,651▼ 43.3%-€3,358-€11,261▼ 235%
Total assets€171,033-€123,354▼ 27.9%€50,018▼ 59.5%€43,783▼ 12.5%
Debt€141,663-€106,704▼ 24.7%€53,376▼ 50.0%€55,044▲ 3.1%
Working capital-€6,634-€14,764-€20,276-€21,917▼ 8.1%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €43,783
Fixed assets
€10,656 ▼ 37.0%
Current assets
€33,127 ▲ 0.1%
Equity and liabilities
Equity-€11,261
Debt€55,044
Equity is negative: debt (€55,044) exceeds the balance-sheet total (€43,783).
Key figures and ratios
EBITDA
-€3,292▲
2020 · -€11,033
Cash flow
-€1,641▲
2020 · -€13,236
Solvency
-25.7%▼
2020 · -6.7%
Current ratio
0.60▼
2020 · 0.62
ROA
-18.1%▲
2020 · -40.0%
Interest coverage
-14.98
Debt ≤ 1 year
€55,044▲
2020 · €53,376
Income taxes
€109▼
2020 · €254
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 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,690 | €16,282 | €6,773 | €6,262 | ▼ 7.5% |
| Other operating charges640/8 | - | - | - | €459 | - |
| Gross operating margin9900 | €35,412 | €9,412 | -€7,659 | -€2,834 | ▲ 63.0% |
| Operating profit (loss)9901 | €2,396 | -€8,195 | -€17,806 | -€9,555 | ▲ 46.3% |
| Financial income75/76B | - | - | - | €1,980 | - |
| Recurring financial income75 | €8 | €1 | €1 | €1,980 | ▲ 1,850× |
| Financial charges65/66B | - | - | - | €220 | - |
| Recurring financial charges65 | €2,289 | €2,719 | €1,950 | €220 | ▼ 88.7% |
| Profit (loss) for the period before taxes9903 | €116 | -€10,914 | -€19,754 | -€7,795 | ▲ 60.5% |
| Income taxes67/77 | €469 | €1,806 | €254 | €109 | ▼ 57.4% |
| Profit (loss) for the period9904 | -€353 | -€12,720 | -€20,009 | -€7,903 | ▲ 60.5% |
| Profit (loss) for the period to be appropriated9905 | -€353 | -€12,720 | -€20,009 | -€7,903 | ▲ 60.5% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €171,033 | €123,354 | €50,018 | €43,783 | ▼ 12.5% |
| Fixed assets21/28 | €93,958 | €50,334 | €16,918 | €10,656 | ▼ 37.0% |
| Tangible fixed assets22/27 | €90,858 | €40,334 | €14,918 | €8,656 | ▼ 42.0% |
| Other tangible fixed assets26 | - | - | - | €8,656 | - |
| Financial fixed assets28 | €3,100 | €10,000 | €2,000 | €2,000 | = |
| Current assets29/58 | €77,075 | €73,020 | €33,100 | €33,127 | ▲ 0.1% |
| Amounts receivable after more than one year29 | - | - | - | €23,100 | - |
| Other amounts receivable291 | - | - | - | €23,100 | - |
| Amounts receivable within one year40/41 | €62,549 | €6,068 | €301 | €389 | ▲ 29.1% |
| Other amounts receivable41 | - | - | - | €389 | - |
| Cash at bank and in hand54/58 | €13,264 | €43,129 | €9,699 | €7,658 | ▼ 21.0% |
| Deferred charges and accrued income490/1 | - | - | - | €1,980 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €171,033 | €123,354 | €50,018 | €43,783 | ▼ 12.5% |
| Equity10/15 | €29,370 | €16,651 | -€3,358 | -€11,261 | ▼ 235% |
| Contributions10/11 | €6,205 | €6,205 | - | €6,205 | - |
| Reserves13 | €60,849 | €60,849 | €60,849 | €60,849 | = |
| Non-distributable reserves130/1 | - | - | - | €13,649 | - |
| Reserves not available under the articles1311 | - | - | - | €13,649 | - |
| Distributable reserves133 | - | - | - | €47,200 | - |
| Profit (loss) carried forward14 | -€37,684 | -€50,404 | -€70,412 | -€78,315 | ▼ 11.2% |
| Amounts payable17/49 | €141,663 | €106,704 | €53,376 | €55,044 | ▲ 3.1% |
| Amounts payable after more than one year17 | €57,507 | €48,447 | - | - | - |
| Amounts payable within one year42/48 | €83,709 | €58,256 | €53,376 | €55,044 | ▲ 3.1% |
| Trade debts44 | €3,248 | €2,298 | €169 | €2,241 | ▲ 13× |
| Suppliers440/4 | - | - | - | €2,241 | - |
| Taxes, remuneration and social security45 | - | - | - | €109 | - |
| Taxes450/3 | - | - | - | €109 | - |
| Other amounts payable47/48 | - | - | - | €52,695 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€353 | -€12,720 | -€20,009 | -€7,903 | ▲ 60.5% |
| + Depreciation and write-downs630 | €20,690 | €16,282 | €6,773 | €6,262 | ▼ 7.5% |
| Operating cash flow (approximation) | €20,337 | €3,562 | -€13,236 | -€1,641 | ▲ 87.6% |
| Investment in fixed assets (approximation) | - | €27,342 | €26,643 | €0 | ▼ 100% |
| Change in cash | - | €29,864 | -€33,430 | -€2,040 | ▲ 93.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2021 | micro format | 29-07-2022 | 2022-20243223 |
| 31-12-2020 | micro format | 11-08-2021 | 2021-48200081 |
| 31-12-2019 | micro format | 24-08-2020 | 2020-44000232 |
| 31-12-2018 | micro format | 14-08-2019 | 2019-46500578 |
| 31-12-2017 | micro format | 28-06-2018 | 2018-25200466 |
| 31-12-2016 | micro format | 27-09-2017 | 2017-65100382 |
| 31-12-2015 | abbreviated format | 22-09-2016 | 2016-62100046 |
| 31-12-2014 | abbreviated format | 31-08-2015 | 2015-56800437 |
| 31-12-2013 | abbreviated format | 19-08-2014 | 2014-44000182 |
| 31-12-2012 | abbreviated format | 16-07-2013 | 2013-31100575 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.