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InactiveFrom the official registers: KBO 5 annual accounts at the National Bank publications in the Belgian Official Gazette
Financials · financial year 2023, abbreviated format
Latest annual accounts filed
Annual accounts 2023
- Financial year ended
- 30-06-2023
- Filed on
- 01-12-2023
- Format
- abbreviated format
- Reference
- 2023-00519817
Turnover
≈ €71,000
Estimated: probably between €30,000 and €180,000
Total assets
€1.0m▲ 0.4%
2022 · €1.0m
Net result
-€2,754▼ 968%
2022 · -€258
Working capital
-€912,166▼ 2.0%
2022 · -€894,236
Trend over the years
2019 to 2023, 5 financial years
The operating result falls in 2023; 2023 is 6% below 2022.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.01m
2023
Net result-€0.003m
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.0m
2023
Equity-€0.01m
2023
Debt€1.0m
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.9m
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
Line20192020202120222023
Operating result-€0.003m-€0.004m€0.007m▲ 66.3%€0.01m▲ 69.5%€0.01m▼ 5.5%
Net result-€0.008m--€0.01m▼ 19.6%-€0.004m▲ 55.2%-€258▲ 94.3%-€0.003m▼ 968%
Equity€0.005m--€0.005m-€0.01m▼ 83.1%-€0.01m▼ 2.6%-€0.01m▼ 27.2%
Total assets€1.0m-€1.0m▲ 1.6%€1.0m▲ 0.7%€1.0m▼ 0.3%€1.0m▲ 0.4%
Debt€1.0m-€1.0m▲ 2.6%€1.0m▲ 1.1%€1.0m▼ 0.3%€1.0m▲ 0.6%
Working capital-€0.8m--€0.8m▲ 0.8%-€0.9m▼ 8.6%-€0.9m▼ 1.8%-€0.9m▼ 2.0%
Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.0m
Fixed assets
€1.0m =
Current assets
€26,608 ▲ 16.2%
Equity and liabilities
Equity-€12,898
Debt€1.0m
Equity is negative: debt (€1.0m) exceeds the balance-sheet total (€1.0m).
Key figures and ratios
Solvency
-1.3%▼
2022 · -1.0%
Current ratio
0.03▲
2022 · 0.02
ROA
-0.3%▼
2022 · 0.0%
Debt ≤ 1 year
€938,773▲
2022 · €917,127
Debt > 1 year
€55,000▼
2022 · €80,000
Income taxes
€178▲
2022 · €45
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 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €1,258 | €53 | ▼ 95.8% |
| Gross operating margin9900 | -€2,421 | €3,949 | €6,566 | €12,388 | €10,567 | ▼ 14.7% |
| Operating profit (loss)9901 | -€3,388 | €3,949 | €6,566 | €11,130 | €10,514 | ▼ 5.5% |
| Recurring financial income75 | - | - | €12 | - | - | - |
| Financial charges65/66B | - | - | - | €11,343 | €13,091 | ▲ 15.4% |
| Recurring financial charges65 | €4,992 | €13,862 | €10,951 | €11,343 | €13,091 | ▲ 15.4% |
| Profit (loss) for the period before taxes9903 | -€8,380 | -€9,913 | -€4,373 | -€213 | -€2,576 | ▼ 1,112% |
| Income taxes67/77 | - | €106 | €114 | €45 | €178 | ▲ 293% |
| Profit (loss) for the period9904 | -€8,380 | -€10,018 | -€4,487 | -€258 | -€2,754 | ▼ 968% |
| Profit (loss) for the period to be appropriated9905 | -€8,380 | -€10,018 | -€4,487 | -€258 | -€2,754 | ▼ 968% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | ▲ 0.4% |
| Fixed assets21/28 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Financial fixed assets28 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Current assets29/58 | €0.003m | €0.02m | €0.03m | €0.02m | €0.03m | ▲ 16.2% |
| Amounts receivable within one year40/41 | €0.001m | €0.009m | €0.01m | €0.01m | €0.03m | ▲ 116% |
| Trade receivables40 | - | - | - | €0.01m | €0.03m | ▲ 114% |
| Other amounts receivable41 | - | - | - | €28 | €344 | ▲ 12× |
| Cash at bank and in hand54/58 | €0.003m | €0.01m | €0.02m | €0.01m | €0.001m | ▼ 91.3% |
| Deferred charges and accrued income490/1 | - | - | - | €19 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | ▲ 0.4% |
| Equity10/15 | €0.005m | -€0.005m | -€0.01m | -€0.01m | -€0.01m | ▼ 27.2% |
| Contributions10/11 | €0.01m | - | - | €0.01m | €0.01m | = |
| Profit (loss) carried forward14 | -€0.008m | -€0.02m | -€0.02m | -€0.02m | -€0.03m | ▼ 11.9% |
| Amounts payable17/49 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | ▲ 0.6% |
| Amounts payable after more than one year17 | €0.2m | €0.2m | €0.1m | €0.08m | €0.06m | ▼ 31.3% |
| Financial debts170/4 | - | - | - | €0.08m | €0.06m | ▼ 31.3% |
| Amounts payable within one year42/48 | €0.8m | €0.8m | €0.9m | €0.9m | €0.9m | ▲ 2.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.03m | €0.03m | = |
| Trade debts44 | €10 | €0.002m | €0.002m | €0.003m | €0.001m | ▼ 64.9% |
| Suppliers440/4 | - | - | - | €0.003m | €0.001m | ▼ 64.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.008m | €0.009m | ▲ 13.8% |
| Taxes450/3 | - | - | - | €0.001m | €0.004m | ▲ 244% |
| Remuneration and social security454/9 | - | - | - | €0.007m | €0.005m | ▼ 27.4% |
| Other amounts payable47/48 | - | - | - | €0.9m | €0.9m | ▲ 2.6% |
| Accrued charges and deferred income492/3 | - | - | - | €0.04m | €0.05m | ▲ 27.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,380 | -€10,018 | -€4,487 | -€258 | -€2,754 | ▼ 968% |
| Operating cash flow (approximation) | -€8,380 | -€10,018 | -€4,487 | -€258 | -€2,754 | ▼ 968% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €7,254 | €6,018 | -€4,803 | -€10,050 | ▼ 109% |
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 (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2023 | abbreviated format | 01-12-2023 | 2023-00519817 | |
| 30-06-2022 | abbreviated format | 23-01-2023 | 2023-00001475 | |
| 30-06-2021 | abbreviated format | 25-01-2022 | 2022-01600130 | |
| 30-06-2020 | abbreviated format | 26-01-2021 | 2021-01600293 | |
| 30-06-2019 | abbreviated format | 17-12-2019 | 2019-76200204 |
Subsidies and aid
Flemish government
2023 · 1 entry · €227 awarded · €227 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.