CREATE LIVE
InactiveFinancials · financial year 2023, micro format
Equity
€707,040▲ 117%
2022 · €326,301
Total assets
€735,183▲ 112%
2022 · €346,169
Net result
€380,739▲ 1,373%
2022 · €25,850
Working capital
€702,713▲ 119%
2022 · €320,853
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
After the dip in 2020 the operating result has climbed three years in a row; 2023 is 1,416% above 2022 and is the highest 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€392,954
2023
Net result€380,739
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€735,183
2023
Equity€707,040
2023
Debt€28,144
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€702,713
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)0.7
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
Line201820192020202120222023
Operating result€147,448-€64,077▼ 56.5%-€186,935-€6,399▲ 96.6%€25,913€392,954▲ 1,416%
Net result€108,713-€43,439▼ 60.0%-€187,645-€6,482▲ 96.5%€25,850€380,739▲ 1,373%
Equity€451,139-€494,578▲ 9.6%€306,933▼ 37.9%€300,451▼ 2.1%€326,301▲ 8.6%€707,040▲ 117%
Total assets€782,743-€667,463▼ 14.7%€355,788▼ 46.7%€327,735▼ 7.9%€346,169▲ 5.6%€735,183▲ 112%
Debt€331,604-€172,884▼ 47.9%€48,855▼ 71.7%€27,285▼ 44.2%€19,869▼ 27.2%€28,144▲ 41.6%
Working capital€263,282-€407,457▲ 54.8%€280,991▼ 31.0%€286,615▲ 2.0%€320,853▲ 11.9%€702,713▲ 119%
Staff (FTE)3.3-3▼ 9.1%1.8▼ 40.0%0.7▼ 61.1%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €735,183
Fixed assets
€4,327 ▼ 20.6%
Current assets
€730,856 ▲ 115%
Equity and liabilities €735,183
Equity
€707,040 ▲ 117%
Debt
€28,144 ▲ 41.6%
Debt's share of the balance-sheet total falls from 5.7% to 3.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€393,895▲
2022 · €34,301
Cash flow
€381,680▲
2022 · €34,238
Current ratio
25.97▲
2022 · 17.15
Debt to equity
0.04▼
2022 · 0.06
ROE
53.8%▲
2022 · 7.9%
ROA
51.8%▲
2022 · 7.5%
Interest coverage
over 100
2022 · over 100
Debt ≤ 1 year
€28,144▲
2022 · €19,869
Income taxes
€12,522
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 | - | - | - | €7,000 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €24,168 | €7,801 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €123,578 | €104,140 | €67,084 | €12,106 | €8,388 | €941 | ▼ 88.8% |
| Other operating charges640/8 | - | - | - | €5,661 | €14,341 | €17,703 | ▲ 23.4% |
| Gross operating margin9900 | €422,058 | €350,040 | -€40,592 | €35,536 | €56,443 | €411,598 | ▲ 629% |
| Operating profit (loss)9901 | €147,448 | €64,077 | -€186,935 | -€6,399 | €25,913 | €392,954 | ▲ 1,416% |
| Financial income75/76B | - | - | - | - | €15 | €400 | ▲ 2,620% |
| Recurring financial income75 | €229 | €40 | €0 | - | €15 | €400 | ▲ 2,620% |
| Financial charges65/66B | - | - | - | €83 | €78 | €93 | ▲ 19.0% |
| Recurring financial charges65 | €1,168 | €893 | €695 | €83 | €78 | €93 | ▲ 19.0% |
| Profit (loss) for the period before taxes9903 | €146,509 | €63,224 | -€187,630 | -€6,482 | €25,850 | €393,261 | ▲ 1,421% |
| Income taxes67/77 | €37,796 | €19,785 | €15 | - | - | €12,522 | - |
| Profit (loss) for the period9904 | €108,713 | €43,439 | -€187,645 | -€6,482 | €25,850 | €380,739 | ▲ 1,373% |
| Profit (loss) for the period to be appropriated9905 | €108,713 | €120,939 | -€187,645 | -€6,482 | €25,850 | €380,739 | ▲ 1,373% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €782,743 | €667,463 | €355,788 | €327,735 | €346,169 | €735,183 | ▲ 112% |
| Fixed assets21/28 | €187,857 | €93,026 | €25,942 | €13,836 | €5,448 | €4,327 | ▼ 20.6% |
| Intangible fixed assets21 | €0 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €187,077 | €92,246 | €25,162 | €13,056 | €4,668 | €3,727 | ▼ 20.2% |
| Plant, machinery and equipment23 | - | - | - | €6,574 | - | - | - |
| Furniture and vehicles24 | - | - | - | €4,582 | €3,818 | €3,373 | ▼ 11.7% |
| Other tangible fixed assets26 | - | - | - | €1,899 | €850 | €354 | ▼ 58.3% |
| Financial fixed assets28 | €780 | €780 | €780 | €780 | €780 | €600 | ▼ 23.1% |
| Current assets29/58 | €594,886 | €574,437 | €329,846 | €313,900 | €340,721 | €730,856 | ▲ 115% |
| Amounts receivable within one year40/41 | €361,746 | €205,253 | €41,493 | €5,105 | €137,522 | €319,229 | ▲ 132% |
| Trade receivables40 | - | - | - | €2,511 | €131,824 | €238,151 | ▲ 80.7% |
| Other amounts receivable41 | - | - | - | €2,595 | €5,698 | €81,078 | ▲ 1,323% |
| Cash at bank and in hand54/58 | €233,140 | €357,902 | €287,829 | €308,794 | €203,199 | €411,627 | ▲ 103% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €782,743 | €667,463 | €355,788 | €327,735 | €346,169 | €735,183 | ▲ 112% |
| Equity10/15 | €451,139 | €494,578 | €306,933 | €300,451 | €326,301 | €707,040 | ▲ 117% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €444,939 | €488,378 | €488,378 | €488,378 | €488,378 | €700,840 | ▲ 43.5% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €486,518 | €486,518 | €698,980 | ▲ 43.7% |
| Profit (loss) carried forward14 | - | - | -€187,645 | -€194,127 | -€168,277 | - | - |
| Amounts payable17/49 | €331,604 | €172,884 | €48,855 | €27,285 | €19,869 | €28,144 | ▲ 41.6% |
| Amounts payable within one year42/48 | €331,604 | €166,980 | €48,855 | €27,285 | €19,869 | €28,144 | ▲ 41.6% |
| Trade debts44 | €130,113 | €127,487 | €41,002 | €22,103 | €14,942 | €23,217 | ▲ 55.4% |
| Suppliers440/4 | - | - | - | €22,103 | €14,942 | €23,217 | ▲ 55.4% |
| Taxes, remuneration and social security45 | - | - | - | €15 | - | - | - |
| Taxes450/3 | - | - | - | €15 | - | - | - |
| Other amounts payable47/48 | - | - | - | €5,167 | €4,927 | €4,927 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €108,713 | €43,439 | -€187,645 | -€6,482 | €25,850 | €380,739 | ▲ 1,373% |
| + Depreciation and write-downs630 | €123,578 | €104,140 | €67,084 | €12,106 | €8,388 | €941 | ▼ 88.8% |
| Operating cash flow (approximation) | €232,290 | €147,579 | -€120,561 | €5,624 | €34,238 | €381,680 | ▲ 1,015% |
| Investment in fixed assets (approximation) | - | -€9,309 | €0 | €0 | €0 | €180 | - |
| Change in cash | - | €124,762 | -€70,073 | €20,965 | -€105,595 | €208,428 | - |
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 | 14-06-2024 | 2024-00129626 |
| 31-12-2022 | micro format | 06-07-2023 | 2023-00223622 |
| 31-12-2021 | abbreviated format | 28-06-2022 | 2022-20147481 |
| 31-12-2020 | abbreviated format | 30-07-2021 | 2021-43900041 |
| 31-12-2019 | abbreviated format | 25-08-2020 | 2020-45800546 |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-57100010 |
| 31-12-2017 | abbreviated format | 01-08-2018 | 2018-43200530 |
| 31-12-2016 | abbreviated format | 26-07-2017 | 2017-37900523 |
| 31-12-2015 | abbreviated format | 26-07-2016 | 2016-37700578 |
| 31-12-2014 | abbreviated format | 29-08-2015 | 2015-52200383 |
Subsidies and aid
Flemish government
2022 · 3 entries · €39,313 awarded · €39,313 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.