CROSSBRIDGE (0840.164.411), In bankruptcy: financials and annual accounts

CROSSBRIDGE

Antwerp ·KBO/BCE: BE 0840.164.411

Line	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Balance sheet: assets
Total assets`20/58`	198,303	328,134	393,652	272,641	313,782	210,579	305,615	173,238	164,007	90,952	28,921	39,775
Fixed assets`21/28`	127,946	149,898	167,845	134,759	65,887	85,243	66,915	26,925	7,858	2,385	2,657	3,962
Intangible fixed assets`21`	127,611	149,136	166,251	133,535	62,189	81,036	62,666	21,279	2,500	-	973	2,269
Tangible fixed assets`22/27`	335	762	1,594	1,224	2,498	4,208	4,249	3,847	3,058	2,385	1,684	1,693
Plant, machinery and equipment`23`	335	762	1,189	-	-	-	-	-	236	950	1,684	1,693
Furniture and vehicles`24`	-	-	405	1,224	2,498	4,208	4,249	3,847	2,823	1,435	-	-
Financial fixed assets`28`	-	-	-	-	1,200	-	-	1,800	2,300	-	-	-
Current assets`29/58`	70,357	178,236	225,807	137,882	247,895	125,335	238,700	146,312	156,149	88,567	26,264	35,813
Amounts receivable within one year`40/41`	27,142	93,103	16,880	63,247	93,080	96,609	179,864	89,578	113,591	41,538	4,345	12,147
Trade receivables`40`	26,620	93,103	16,880	52,934	92,981	62,998	107,738	53,253	102,261	15,300	2,362	12,147
Other amounts receivable`41`	522	-	-	10,313	99	33,611	72,126	36,325	11,330	26,237	1,983	-
Current investments`50/53`	9,541	6,957	-	-	-	-	-	-	-	-	-	-
Cash at bank and in hand`54/58`	29,104	74,530	205,592	62,180	154,415	28,474	57,936	56,734	42,557	46,777	21,667	23,666
Deferred charges and accrued income`490/1`	4,571	3,645	3,335	12,455	400	252	900	-	-	252	252	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	198,303	328,134	393,652	272,641	313,782	210,579	305,615	173,238	164,007	90,952	28,921	39,775
Equity`10/15`	-125,439	162,540	310,886	224,524	223,114	101,428	75,818	21,004	3,406	503	-13,594	-3,201
Contributions`10/11`	569,194	569,194	569,194	256,200	9,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
Issued capital`100`	-	-	-	-	23,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000
Uncalled capital`101`	-	-	-	-	13,800	13,800	13,800	13,800	13,800	13,800	13,800	13,800
Contributions outside capital`11`	-	-	-	-	147,000	-	-	-	-	-	-	-
Share premium`1100/10`	-	-	-	-	147,000	-	-	-	-	-	-	-
Reserves`13`	69,354	69,354	69,354	69,354	94,964	95,228	69,618	14,804	14,000	14,000	-	-
Legal reserve`130`	-	-	-	-	2,300	2,000	2,000	741	705	-	-	-
Tax-exempt reserves`132`	-	-	-	-	-	264	264	91	-	-	-	-
Distributable reserves`133`	69,354	69,354	69,354	69,354	92,664	92,964	67,354	13,972	13,295	14,000	-	-
Profit (loss) carried forward`14`	-763,987	-476,009	-327,662	-101,030	-28,050	-	-	-	-16,794	-19,697	-19,794	-9,401
Amounts payable`17/49`	323,742	165,594	82,765	48,117	90,669	109,150	229,797	152,234	160,602	90,449	42,515	42,976
Amounts payable within one year`42/48`	323,742	161,375	53,813	24,873	90,669	86,786	165,294	151,034	160,602	89,099	42,515	42,976
Financial debts`43`	1,330	1,983	-	-	-	-	-	-	-	-	-	-
Credit institutions`430/8`	1,330	1,983	-	-	-	-	-	-	-	-	-	-
Trade debts`44`	89,249	33,987	1,704	3,771	28,887	63,788	47,637	23,205	129,483	70,266	17,674	8,669
Suppliers`440/4`	89,249	33,987	1,704	3,771	28,887	63,788	47,637	23,205	129,483	70,266	17,674	8,669
Taxes, remuneration and social security`45`	38,681	62,966	48,877	19,561	61,566	22,866	92,457	47,829	19,119	6,833	2,842	2,307
Taxes`450/3`	8,126	27,518	13,614	3,658	10,861	5,911	33,332	15,731	6,290	2,833	-	1,726
Remuneration and social security`454/9`	30,556	35,448	35,263	15,903	50,705	16,956	59,126	32,098	12,829	4,000	2,842	581
Other amounts payable`47/48`	194,481	62,439	3,232	1,542	215	132	25,200	80,000	12,000	12,000	22,000	32,000
Accrued charges and deferred income`492/3`	-	4,219	28,952	23,244	-	22,364	64,503	1,200	-	1,350	-	-
Income statement
Gross operating margin`9900`	103,458	339,295	83,120	181,342	369,653	352,812	385,543	204,209	72,949	45,942	20,290	19,021
Remuneration, social security and pensions`62`	336,268	438,990	252,297	219,301	323,563	255,588	274,889	160,307	61,728	25,832	27,227	16,396
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	52,776	46,328	55,796	58,960	72,796	65,765	39,227	12,706	2,760	2,772	2,743	11,640
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	-	2,500	-	-	-	-	-	-
Other operating charges`640/8`	493	348	348	406	348	348	527	602	600	599	623	829
Operating profit (loss)`9901`	-286,079	-146,370	-225,321	-97,325	-27,054	28,611	70,900	30,594	7,862	16,740	-10,303	-9,844
Financial income`75/76B`	-	-	1	-	3	114	2	21	5	194	116	483
Recurring financial income`75`	-	-	1	-	3	114	2	21	5	194	116	483
Financial charges`65/66B`	1,449	1,630	1,041	1,003	914	2,812	1,930	1,997	362	-	206	37
Recurring financial charges`65`	1,449	1,630	1,041	1,003	914	2,812	1,930	1,997	362	-	206	37
Profit (loss) for the period before taxes`9903`	-287,528	-148,001	-226,361	-98,328	-27,965	25,914	68,972	28,618	7,505	16,934	-10,394	-9,399
Income taxes`67/77`	450	346	270	262	350	304	14,157	11,020	4,603	2,837	-	2
Profit (loss) for the period`9904`	-287,978	-148,347	-226,632	-98,589	-28,315	25,610	54,815	17,598	2,903	14,097	-10,394	-9,401
Transfer from tax-exempt reserves`789`	-	-	-	-	264	-	-	-	-	-	-	-
Transfer to tax-exempt reserves`689`	-	-	-	-	-	-	174	91	-	-	-	-
Profit (loss) for the period to be appropriated`9905`	-287,978	-148,347	-226,632	-98,589	-28,050	25,610	54,641	17,507	2,903	14,097	-10,394	-9,401
Appropriation of the result
Profit (loss) to be appropriated`9906`	-763,987	-476,009	-327,662	-126,640	-28,050	25,610	54,641	713	-16,794	-5,697	-19,794	-9,401
Profit (loss) brought forward from the previous period`14P`	-476,009	-327,662	-101,030	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	-	-	-	25,610	300	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	-	300	25,610	54,641	713	-	14,000	-	-
To the legal reserve`6920`	-	-	-	-	300	-	1,259	36	-	-	-	-
To other reserves`6921`	-	-	-	-	-	25,610	53,382	677	-	14,000	-	-
Social balance sheet
Average staff (FTE)`9087`	5.5	7.8	6.5	7.1	6	4.5	4.6	3.4	1.2	0.5	0.5	0.4
Hours worked`1013`	9,202	13,344	7,656	6,061	10,372	7,823	7,324	5,970	2,196	869	978	861
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Financial year	Type	Filed	Reference	Document
31-12-2023	micro format	30-07-2024	2024-00301255	PDF
31-12-2022	micro format	31-07-2023	2023-00292836	PDF
31-12-2021	micro format	29-07-2022	2022-20244944	PDF
31-12-2020	micro format	29-07-2021	2021-41600461	PDF
31-12-2019	micro format	30-06-2020	2020-24000392	PDF
31-12-2018	micro format	05-07-2019	2019-29800054	PDF
31-12-2017	micro format	27-07-2018	2018-41300372	PDF
31-12-2016	micro format	26-07-2017	2017-36400442	PDF
31-12-2015	abbreviated format	28-07-2016	2016-37300266	PDF
31-12-2014	abbreviated format	19-06-2015	2015-18900315	PDF
31-12-2013	abbreviated format	11-07-2014	2014-29800531	PDF
31-12-2012	abbreviated format	28-06-2013	2013-24000583	PDF

Line	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
EBITDA	-233,304	-100,042	-169,525	-38,365	45,742	94,376	110,126	43,300	10,622	19,512	-7,560	1,795
Cash flow	-235,203	-102,019	-170,836	-39,630	44,481	91,374	94,041	30,304	5,663	16,869	-7,651	2,239
Investment in fixed assets	30,824	28,381	88,882	129,031	53,440	84,093	81,016	32,273	8,233	2,500	1,438	14,792
Change in cash	-45,427	-131,062	143,413	-92,236	125,941	-29,462	1,201	14,177	-4,220	25,110	-1,999	-
Working capital	-253,385	16,861	171,993	113,009	157,226	38,549	73,406	-4,722	-4,453	-532	-16,251	-7,163
Solvency	-63.3%	49.5%	79.0%	82.4%	71.1%	48.2%	24.8%	12.1%	2.1%	0.6%	-47.0%	-8.0%
Current ratio	0.22	1.10	4.20	5.54	2.73	1.44	1.44	0.97	0.97	0.99	0.62	0.83
Debt to equity	-	1.02	0.27	0.21	0.41	1.08	3.03	7.25	47.16	-	-	-
ROE	-	-91.3%	-72.9%	-43.9%	-12.7%	25.2%	72.3%	83.8%	85.2%	-	-	-
ROA	-145.2%	-45.2%	-57.6%	-36.2%	-9.0%	12.2%	17.9%	10.2%	1.8%	15.5%	-35.9%	-23.6%
Interest coverage	-161.02	-61.37	-162.87	-	-	-	-	-	-	-	-	-

Item	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	7	6	11
full-time	3	5	7
part-time	4	1	4
in full-time equivalents	5.1	5.5	9
Average over the year, in full-time equivalents	5.5	7.8	6.5
On a permanent contract	5	6	8
Joined	6	3	9
Left	5	8	4
Training hours	-	-	83

Item	2023	2022	2021
Tangible fixed assets	-	-	€1,281
Intangible fixed assets	€30,824	€28,381	€87,601
Depreciation and write-downs of the year	€52,776	€46,328	€55,796

CROSSBRIDGE

Annual accounts 2023

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency-63.3%

Current ratio0.22

Return on assets-145.2%

Staff

Staff cost per FTE€61,140

Joined and left+1

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022, 1 entry, €418 awarded, €418 paid

Key figures and ratios

Social balance sheet

Investments

Insights on CROSSBRIDGE