CREATIVE SERVICES
InactiveFinancials · financial year 2022, micro format
Turnover
≈ €110,000
Estimated: probably between €51,000 and €270,000
Total assets
€227,371▼ 67.7%
2021 · €704,266
Net result
-€414,462
2021 · €86,106
Working capital
-€162,228▲ 2.1%
2021 · -€165,780
Trend over the years
2019 to 2022, 4 financial years 2019 to 2022, 4 financial years
The operating result turns negative in 2022: a loss of €413,858 after €86,944 in 2021, 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-€413,858
2022
Net result-€414,462
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€227,371
2022
Equity€37,954
2022
Debt€189,417
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€162,228
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022
Operating result€899--€19,630€86,944-€413,858
Net result€1,488--€21,815€86,106-€414,462
Equity€388,124-€366,310▼ 5.6%€452,416▲ 23.5%€37,954▼ 91.6%
Total assets€389,854-€443,376▲ 13.7%€704,266▲ 58.8%€227,371▼ 67.7%
Debt€1,730-€77,066▲ 45×€251,850▲ 227%€189,417▼ 24.8%
Working capital€119,335-€90,857▼ 23.9%-€165,780-€162,228▲ 2.1%
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €227,371
Fixed assets
€200,183 ▼ 67.6%
Current assets
€27,188 ▼ 68.4%
Equity and liabilities €227,371
Equity
€37,954 ▼ 91.6%
Debt
€189,417 ▼ 24.8%
Debt's share of the balance-sheet total rises from 35.8% to 83.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€11,479▼
2021 · €118,841
Cash flow
€10,875▼
2021 · €118,003
Current ratio
0.14▼
2021 · 0.34
Debt to equity
4.99
ROA
-182.3%▼
2021 · 12.2%
Interest coverage
18.91
Debt ≤ 1 year
€189,417▼
2021 · €251,850
A ratio outside any meaningful range has been withheld (balance sheet total €227,371, equity €37,954).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €3,784 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,075 | €32,997 | €31,897 | €425,336 | ▲ 13× |
| Other operating charges640/8 | - | - | - | €3,109 | - |
| Gross operating margin9900 | €29,283 | €16,244 | €125,634 | €14,588 | ▼ 88.4% |
| Operating profit (loss)9901 | €899 | -€19,630 | €86,944 | -€413,858 | - |
| Financial income75/76B | - | - | - | €3 | - |
| Recurring financial income75 | €2,037 | €56 | €28 | €3 | ▼ 90.1% |
| Financial charges65/66B | - | - | - | €607 | - |
| Recurring financial charges65 | €1,448 | €2,540 | €866 | €607 | ▼ 29.9% |
| Profit (loss) for the period before taxes9903 | €1,488 | -€22,114 | €86,106 | -€414,462 | - |
| Income taxes67/77 | - | -€299 | - | - | - |
| Profit (loss) for the period9904 | €1,488 | -€21,815 | €86,106 | -€414,462 | - |
| Transfer from tax-exempt reserves789 | - | - | - | €2,746 | - |
| Profit (loss) for the period to be appropriated9905 | -€1,258 | -€21,815 | €86,106 | -€411,716 | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €389,854 | €443,376 | €704,266 | €227,371 | ▼ 67.7% |
| Fixed assets21/28 | €268,790 | €275,453 | €618,196 | €200,183 | ▼ 67.6% |
| Tangible fixed assets22/27 | €264,241 | €270,904 | €227,910 | €200,183 | ▼ 12.2% |
| Land and buildings22 | - | - | - | €196,057 | - |
| Plant, machinery and equipment23 | - | - | - | €1,396 | - |
| Furniture and vehicles24 | - | - | - | €2,730 | - |
| Financial fixed assets28 | €4,549 | €4,549 | €390,286 | - | - |
| Current assets29/58 | €121,064 | €167,923 | €86,071 | €27,188 | ▼ 68.4% |
| Amounts receivable within one year40/41 | €78,308 | €5,500 | €52,546 | - | - |
| Current investments50/53 | €609 | €60,603 | €25,588 | €5,574 | ▼ 78.2% |
| Cash at bank and in hand54/58 | €42,147 | €101,820 | €7,936 | €21,614 | ▲ 172% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €389,854 | €443,376 | €704,266 | €227,371 | ▼ 67.7% |
| Equity10/15 | €388,124 | €366,310 | €452,416 | €37,954 | ▼ 91.6% |
| Contributions10/11 | €62,000 | - | - | - | - |
| Reserves13 | €326,124 | €366,310 | €452,416 | €68,200 | ▼ 84.9% |
| Non-distributable reserves130/1 | - | - | - | €68,200 | - |
| Legal reserve130 | - | - | - | €68,200 | - |
| Profit (loss) carried forward14 | - | - | - | -€30,246 | - |
| Amounts payable17/49 | €1,730 | €77,066 | €251,850 | €189,417 | ▼ 24.8% |
| Amounts payable within one year42/48 | €1,730 | €77,066 | €251,850 | €189,417 | ▼ 24.8% |
| Trade debts44 | - | €975 | €603 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €627 | - |
| Taxes450/3 | - | - | - | €627 | - |
| Other amounts payable47/48 | - | - | - | €188,790 | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,488 | -€21,815 | €86,106 | -€414,462 | - |
| + Depreciation and write-downs630 | €26,075 | €32,997 | €31,897 | €425,336 | ▲ 13× |
| Operating cash flow (approximation) | €27,563 | €11,183 | €118,003 | €10,875 | ▼ 90.8% |
| Investment in fixed assets (approximation) | - | -€39,660 | -€374,640 | -€7,323 | ▲ 98.0% |
| Change in cash | - | €59,673 | -€93,884 | €13,677 | - |
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 27 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2022 | micro format | 27-01-2023 | 2023-00006590 |
| 30-06-2021 | micro format | 26-01-2022 | 2022-01900148 |
| 30-06-2020 | micro format | 06-01-2021 | 2021-00300439 |
| 30-06-2019 | micro format | 31-10-2019 | 2019-72300532 |
| 30-06-2018 | micro format | 04-01-2019 | 2019-00700045 |
| 30-06-2017 | micro format | 30-10-2017 | 2017-68200041 |
| 30-06-2016 | abbreviated format | 31-10-2016 | 2016-66800372 |
| 30-06-2015 | abbreviated format | 28-01-2016 | 2016-03300550 |
| 30-06-2013 | abbreviated format | 29-10-2013 | 2013-64300521 |
| 30-06-2011 | abbreviated format | 31-01-2012 | 2012-02300340 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.